TATT (TATT) financial statements
TATT reported revenue of $178M in fiscal 2025, up 7.1% a year over 9 years.
Net income was $17M and the operating margin 10.6%, against 4.3% in 2016.
Free cash flow was $4M.
The diluted share count rose 39% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TATT's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $96M | $107M | $88M | $97M | $75M | $78M | $85M | $114M | $152M | $178M |
| Cost of revenue | $77M | $86M | $80M | $82M | $67M | $67M | $69M | $91M | $119M | $134M |
| Gross profit | $19M | $20M | $8M | $15M | $8M | $11M | $16M | $22M | $33M | $44M |
| Research and development | $1M | $731,000 | $458,000 | $113,000 | $185,000 | $517,000 | $479,000 | $715,000 | $1M | $1M |
| Selling, general and admin | $14M | $14M | $13M | $13M | $12M | $14M | $16M | $16M | $20M | $24M |
| Operating income | $4M | $5M | -$5M | $3M | -$4M | -$4M | -$2M | $6M | $13M | $19M |
| Interest expense | — | — | — | — | — | $250,000 | $902,000 | $2M | $1M | $1M |
| Pre-tax income | $4M | $5M | -$4M | $1M | -$3M | -$4M | -$2M | $5M | $11M | $17M |
| Income tax | $4M | $2M | -$1M | $589,000 | -$2M | -$662,000 | $98,000 | $576,000 | $195,000 | $2M |
| Net income | — | — | -$4M | $806,000 | -$5M | -$4M | -$2M | $5M | $11M | $17M |
| EPS (diluted) | $0.01 | $0.27 | -$0.50 | $0.10 | -$0.60 | -$0.40 | -$0.17 | $0.51 | $1.00 | $1.37 |
| Diluted shares | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 11M | 12M |
| Gross margin | 19.9% | 19.2% | 9.1% | 15.7% | 11.2% | 14.5% | 18.8% | 19.7% | 21.7% | 24.8% |
| Operating margin | 4.3% | 5.0% | -5.9% | 2.7% | -5.4% | -5.2% | -2.1% | 5.3% | 8.2% | 10.6% |
| Net margin | — | — | -5.0% | 0.8% | -7.1% | -4.6% | -1.8% | 4.1% | 7.3% | 9.4% |
Balance sheet
Fiscal years, from TATT's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $21M | $18M | $16M | $16M | $24M | $13M | $8M | $16M | $7M | $51M |
| Receivables | $22M | $26M | $19M | $20M | $11M | $14M | $16M | $20M | $30M | $33M |
| Inventory | $39M | $39M | $39M | $43M | $41M | $41M | $46M | $51M | $69M | $76M |
| Total current assets | $85M | $85M | $77M | $84M | $79M | $72M | $75M | $94M | $113M | $166M |
| Property, plant and equipment | $21M | $21M | $21M | $21M | $26M | $30M | $43M | $43M | $42M | $47M |
| Total assets | $112M | $112M | $103M | $115M | $116M | $111M | $127M | $146M | $163M | $227M |
| Total current liabilities | $18M | $18M | $15M | $21M | $25M | $25M | $29M | $39M | $38M | $34M |
| Long-term debt | — | — | — | — | $3M | $6M | $19M | $13M | $11M | $9M |
| Total liabilities | $23M | $23M | $19M | $29M | $36M | $34M | $51M | $55M | $51M | $50M |
| Shareholders' equity | $89M | $89M | $84M | $85M | $80M | $77M | $76M | $91M | $112M | $176M |
| Net debt | -$21M | -$18M | -$16M | -$16M | -$19M | -$6M | $14M | -$893,000 | $6M | -$40M |
Cash flow
Fiscal years, from TATT's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $6M | $2M | $2M | $4M | $6M | -$2M | -$5M | $2M | -$6M | $15M |
| Capital spending | $6M | $4M | $4M | $3M | $4M | $16M | $16M | $5M | $5M | $11M |
| Free cash flow | -$181,000 | -$1M | -$2M | $324,000 | $2M | -$19M | -$21M | -$3M | -$11M | $4M |
| Stock-based compensation | $105,000 | $174,000 | $272,000 | $38,000 | $138,000 | $160,000 | $218,000 | $159,000 | $395,000 | $1M |
| Dividends paid | $3M | $3M | — | — | — | — | — | — | — | — |
| Net borrowing | — | — | — | — | $4M | $3M | $16M | $11,000 | -$10M | -$6M |
| Free cash flow margin | -0.2% | -1.0% | -2.4% | 0.3% | 2.7% | -23.7% | -24.9% | -2.5% | -7.2% | 2.3% |
| Dividends per share | $0.34 | $0.34 | — | — | — | — | — | — | — | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for TATT.
Open TATT in InvestinglyQuestions
What was TATT's revenue in 2025?
$178M in fiscal 2025, from its 10-K filing.
How much free cash flow does TATT generate?
$4M in fiscal 2025 (operating cash flow minus capital spending).
From TATT's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.