TSSINasdaqServices-Management Consulting ServicesFiscal year ends December 31
TSS, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q/A on Aug 14, 2026
$7.23+0.16 (+2.26%)
Close on Oct 19, 2026
- Market cap
- $213.75M
- P/E (TTM)
- 15.1
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
13.2%−1.9 pts over 5 years
Operating margin
2.6%+3.5 pts over 5 years
Net margin
6.2%+6.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +65.9% | +100.2% | +40.4% | +23.6% | |
| Gross profit | +44.9% | +53.3% | +36.6% | +14.5% | |
| Operating income | +9.6% | +90.5% | – | – | |
| Net income | +153.1% | – | +186.0% | – | |
| EPS, diluted | +133.3% | – | – | – | |
| Free cash flow | -68.9% | -46.9% | -26.1% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 100.7% | 2.6% | 36.1% | |
| Return on assets | -9.5% | 0.4% | 10.7% | |
| Current ratio | 0.59 | 1.16 | 1.63 | |
| Debt to equity | -0.75 | 0.70 | 0.24 | |
| Net debt to EBITDA | 34.87× | -130.06× | -9.10× | |
| Interest coverage | -1.7× | -1.1× | – | |
| Inventory turnover | 322.6× | 49.4× | 12.7× | |
| Capex to revenue | 1.1% | 0.9% | 13.3% | |
| Diluted shares | 15M | 21M | 27M |
Where the cash went
Fiscal 2021 to 2025, five years combined
TSS generated $83.59M from operations and spent $51.84M on capital expenditure, dividends and share buybacks. 81% of that went back into the business.
Generated
$83.59M
Used
$51.84M
Capital expenditure$42.08M81%Dividends$00%Share buybacks$9.76M19%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin6.2%
×Asset turnover1.75×
×Equity multiplier3.36×
=Return on equity, FY202536.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 6.2% | 1.75× | 3.36× | 36.1% |
| FY2024 | 4.0% | 2.43× | 11.43× | 111.8% |
| FY2023 | 0.1% | 1.91× | 8.79× | 2.3% |
| FY2022 | -0.2% | 1.21× | 9.87× | -2.8% |
| FY2021 | -4.7% | 1.27× | 8.00× | -48.2% |
| FY2020 | 0.2% | 2.18× | 6.84× | 2.6% |
| FY2019 | 0.4% | 2.46× | 4.99× | 4.7% |
| FY2018 | 10.9% | 2.82× | 7.28× | 224.0% |
| FY2017 | 4.2% | 2.39× | -8.82× | -88.2% |
| FY2016 | -3.7% | 2.54× | -10.62× | 100.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$15.13M
- Cash generatingOperating cash flow above zero$34.86M
- Return on assets improvedROA up on the prior year23.3% → 15.7%
- Earnings backed by cashOperating cash flow above net income$34.86M vs $15.13M
- Less leverageLong-term debt to assets fell8.5% → 7.6%
- Better liquidityCurrent ratio rose1.02 → 1.63
- No dilutionShare count did not rise25M → 27M
- Gross margin improvedGross margin up on the prior year15.09% → 13.18%
- More efficientAsset turnover rose5.79 → 2.54