NASDAQ : TATT
TAT Technologies Ltd. — Financial statements
Industrials · Aerospace & Defense · United States
Last price 33.5 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 435.44M
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Financial statements
TAT Technologies Ltd. (TATT) reported revenue of 186.85M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 186.85M | 178.01M | 152.12M | 113.79M | 84.56M | 77.97M |
| Cost of Revenue | 140.18M | 133.92M | 119.10M | 91.33M | 68.63M | 65.50M |
| Gross Profit | 46.67M | 44.10M | 33.01M | 22.47M | 15.93M | 12.47M |
| Selling, General & Admin | 26.33M | 24.31M | 19.65M | 16.11M | 15.60M | 13.50M |
| Research & Development | 1.93M | 1.38M | 1.25M | 715.00K | 479.00K | 517.00K |
| Other Operating Expenses | -3.00K | -3.00K | 95.00K | 97.00K | ||
| Operating Expenses | 28.26M | 25.69M | 20.99M | 16.92M | 16.08M | 14.02M |
| Operating Income | 18.41M | 18.41M | 12.02M | 5.54M | -150.00K | -1.55M |
| Interest Expense | -681.00K | -1.01M | -1.47M | -1.68M | -902.00K | -250.00K |
| Earnings From Equity Investments | 1.98M | 1.49M | 809.00K | 503.00K | 184.00K | -76.00K |
| Other Non Operating Income (Expenses) | -7.00K | -325.00K | -477.00K | 353.00K | 1.03M | -290.00K |
| EBT Excluding Unusual Items | 19.71M | 18.56M | 10.88M | 4.72M | 161.00K | -2.16M |
| Merger & Restructuring Charges | -1.72M | -1.75M | ||||
| Gain (Loss) on Sale of Assets | 401.00K | 401.00K | 478.00K | 530.00K | 90.00K | 468.00K |
| Asset Writedown | -1.20M | |||||
| Pretax Income | 24.43M | 18.96M | 11.36M | 5.25M | -1.46M | -4.65M |
| Income Tax Expense | 3.40M | 2.14M | 195.00K | 576.00K | 98.00K | -662.00K |
| Earnings From Continuing Operations | 21.04M | 16.82M | 11.17M | 4.67M | -1.56M | -3.99M |
| Earnings From Discontinued Operations | 427.00K | |||||
| Net Income | 21.04M | 16.82M | 11.17M | 4.67M | -1.56M | -3.56M |
| Net Income to Common | 21.04M | 16.82M | 11.17M | 4.67M | -1.56M | -3.56M |
| Shares Outstanding (Basic) | 12.97M | 12.08M | 10.36M | 8.96M | 8.91M | 8.87M |
| Shares Outstanding (Diluted) | 13.16M | 12.28M | 11.22M | 9.08M | 8.91M | 8.87M |
| EPS (Basic) | 1.62 | 1.39 | 1.08 | 0.52 | -0.18 | -0.40 |
| EPS (Diluted) | 1.59 | 1.37 | 1.00 | 0.51 | -0.18 | -0.40 |
| Free Cash Flow | 7.10M | 4.02M | -10.94M | -2.85M | -21.08M | -17.74M |
| Free Cash Flow Per Share | 0.54 | 0.33 | -0.98 | -0.31 | -2.37 | -2.00 |
| Gross Margin | 24.98% | 24.77% | 21.70% | 19.74% | 18.84% | 15.99% |
| Operating Margin | 9.86% | 10.34% | 7.90% | 4.87% | -0.18% | -1.98% |
| Profit Margin | 11.26% | 9.45% | 7.34% | 4.11% | -1.85% | -4.57% |
| Free Cash Flow Margin | 3.80% | 2.26% | -7.20% | -2.50% | -24.93% | -22.75% |
| EBITDA | 23.71M | 23.51M | 17.48M | 10.26M | 3.56M | 3.33M |
| EBITDA Margin | 12.69% | 13.21% | 11.49% | 9.01% | 4.21% | 4.28% |
| D&A For EBITDA | 5.29M | 5.10M | 5.46M | 4.71M | 3.71M | 4.88M |
| EBIT | 18.41M | 18.41M | 12.02M | 5.54M | -150.00K | -1.55M |
| EBIT Margin | 9.86% | 10.34% | 7.90% | 4.87% | -0.18% | -1.98% |
| Effective Tax Rate | 13.90% | 11.30% | 1.72% | 10.98% | ||
| Revenue as Reported | 186.85M | 178.01M | 152.12M | 113.79M | 84.56M | 77.97M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 54.63M | 51.26M | 7.13M | 15.98M | 7.72M | 12.87M |
| Cash & Short-Term Investments | 54.63M | 51.26M | 7.13M | 15.98M | 7.72M | 12.87M |
| Accounts Receivable | 38.81M | 33.42M | 29.70M | 20.01M | 15.62M | 13.89M |
| Other Receivables | 2.00M | |||||
| Receivables | 38.81M | 33.42M | 29.70M | 20.01M | 17.62M | 13.89M |
| Inventory | 85.19M | 75.55M | 68.54M | 51.28M | 45.76M | 41.00M |
| Prepaid Expenses | 7.04M | 6.07M | 7.85M | |||
| Other Current Assets | 7.06M | 4.05M | 4.22M | |||
| Total Current Assets | 185.67M | 166.30M | 113.21M | 94.33M | 75.15M | 71.98M |
| Property, Plant & Equipment | 52.29M | 52.73M | 43.86M | 45.30M | 45.90M | 33.58M |
| Long-Term Investments | 5.73M | 4.91M | 2.90M | 2.17M | 1.67M | 695.00K |
| Other Intangible Assets | 1.88M | 1.45M | 1.55M | 1.82M | 1.62M | 1.83M |
| Long-Term Deferred Tax Assets | 573.00K | 639.00K | 877.00K | 994.00K | 1.23M | 1.25M |
| Other Long-Term Assets | 446.00K | 705.00K | 959.00K | 966.00K | 1.08M | 1.50M |
| Total Assets | 246.59M | 226.73M | 163.36M | 145.58M | 126.65M | 110.83M |
| Accounts Payable | 18.53M | 12.99M | 12.16M | 9.99M | 10.23M | 9.09M |
| Accrued Expenses | 18.30M | 10.07M | 10.68M | 8.10M | 6.57M | 4.53M |
| Short-Term Debt | 4.35M | 12.14M | 6.10M | 6.01M | ||
| Current Portion of Long-Term Debt | 164.00K | 2.23M | 2.08M | 2.20M | 1.88M | 691.00K |
| Current Portion of Leases | 1.46M | 1.47M | 939.00K | 1.03M | 904.00K | 1.17M |
| Current Unearned Revenue | 5.90M | 6.93M | 5.24M | 2.78M | ||
| Other Current Liabilities | 7.00K | 1.33M | 989.00K | 610.00K | 528.00K | 3.09M |
| Total Current Liabilities | 38.46M | 33.98M | 38.12M | 39.31M | 28.99M | 24.58M |
| Long-Term Debt | 11.02M | 9.48M | 10.94M | 12.89M | 19.41M | 5.98M |
| Long-Term Leases | 4.03M | 4.45M | 1.34M | 1.70M | 1.53M | 1.99M |
| Pension & Post-Retirement Benefits | 853.00K | 770.00K | 986.00K | 1.00M | 1.15M | 1.50M |
| Long-Term Deferred Tax Liabilities | 3.29M | 1.65M | ||||
| Total Liabilities | 57.65M | 50.34M | 51.39M | 54.89M | 51.08M | 34.05M |
| Common Stock | 3.14M | 2.84M | 2.81M | |||
| Additional Paid-In Capital | 137.57M | 136.58M | 89.70M | 76.33M | 66.25M | 65.87M |
| Retained Earnings | 52.73M | 41.26M | 24.44M | 13.27M | 8.60M | 10.16M |
| Treasury Stock | -2.09M | -2.09M | -2.09M | -2.09M | -2.09M | -2.09M |
| Comprehensive Income & Other | 727.00K | 643.00K | -76.00K | 27.00K | -26.00K | 33.00K |
| Shareholders' Equity | 188.94M | 176.39M | 111.97M | 90.68M | 75.57M | 76.78M |
| Total Liabilities & Equity | 246.59M | 226.73M | 163.36M | 145.58M | 126.65M | 110.83M |
| Total Debt | 16.67M | 17.63M | 19.66M | 29.95M | 29.82M | 15.84M |
| Net Cash (Debt) | 37.96M | 33.62M | -12.53M | -13.97M | -22.10M | -2.96M |
| Net Cash Per Share | 2.88 | 2.74 | -1.12 | -1.54 | -2.48 | -0.33 |
| Filing Date Shares Outstanding | 13.00M | 12.98M | 10.94M | 10.10M | 8.91M | 8.87M |
| Total Common Shares Outstanding | 13.00M | 12.98M | 10.94M | 10.10M | 8.91M | 8.87M |
| Working Capital | 147.21M | 132.32M | 75.09M | 55.02M | 46.16M | 47.40M |
| Book Value Per Share | 14.54 | 13.59 | 10.23 | 8.98 | 8.48 | 8.65 |
| Tangible Book Value | 187.05M | 174.94M | 110.42M | 88.86M | 73.95M | 74.95M |
| Tangible Book Value Per Share | 14.39 | 13.47 | 10.09 | 8.80 | 8.30 | 8.45 |
| Land | 10.99M | 10.88M | 10.74M | 10.74M | 18.03M | |
| Machinery | 88.65M | 81.40M | 78.31M | 78.18M | 66.08M | |
| Leasehold Improvements | 9.47M | 9.41M | 9.16M | 6.39M | ||
| Order Backlog | 550.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 21.04M | 16.82M | 11.17M | 4.67M | -1.56M | -3.56M |
| Depreciation & Amortization | 5.29M | 5.10M | 5.46M | 4.71M | 3.71M | 4.88M |
| Loss (Gain) From Sale of Assets | -401.00K | -401.00K | -478.00K | -530.00K | -90.00K | -468.00K |
| Asset Writedown & Restructuring Costs | -63.00K | -126.00K | -467.00K | 2.48M | ||
| Loss (Gain) on Equity Investments | -1.98M | -1.49M | -809.00K | -503.00K | -184.00K | 76.00K |
| Stock-Based Compensation | 1.57M | 1.23M | 395.00K | 159.00K | 218.00K | 160.00K |
| Provision & Write-off of Bad Debts | -198.00K | -228.00K | 55.00K | -182.00K | 138.00K | 248.00K |
| Other Operating Activities | 4.84M | 3.88M | -30.00K | 76.00K | -932.00K | -3.78M |
| Change in Accounts Receivable | -6.35M | -3.50M | -9.74M | -4.21M | -2.66M | -2.93M |
| Change in Inventory | -10.12M | -7.53M | -17.16M | -5.40M | -5.07M | -681.00K |
| Change in Accounts Payable | 1.83M | 359.00K | 2.17M | -245.00K | 1.14M | 2.57M |
| Change in Other Net Operating Assets | 3.25M | 722.00K | 3.23M | 3.83M | 891.00K | -1.25M |
| Operating Cash Flow | 14.45M | 14.97M | -5.82M | 2.25M | -4.87M | -1.49M |
| Capital Expenditures | -7.35M | -10.95M | -5.13M | -5.10M | -16.21M | -16.25M |
| Sale of Property, Plant & Equipment | 900.00K | 900.00K | 1.27M | 2.00M | 93.00K | 1.16M |
| Sale (Purchase) of Intangibles | -479.00K | -555.00K | ||||
| Investment in Securities | 4.49M | |||||
| Investing Cash Flow | -1.95M | -10.05M | -3.85M | -3.58M | -16.12M | -15.64M |
| Short-Term Debt Issued | 1.00M | 3.00M | ||||
| Long-Term Debt Issued | 712.00K | 16.68M | 3.04M | |||
| Total Debt Issued | 10.88M | 1.71M | 16.68M | 6.04M | ||
| Short-Term Debt Repaid | -4.35M | -7.65M | ||||
| Long-Term Debt Repaid | -2.09M | -2.02M | -1.70M | -1.07M | ||
| Total Debt Repaid | -12.27M | -6.44M | -9.67M | -1.70M | -1.07M | |
| Net Debt Issued (Repaid) | -1.40M | -6.44M | -9.67M | 11.00K | 15.61M | 6.04M |
| Issuance of Common Stock | 418.00K | 48.83M | 9.83M | 10.23M | 189.00K | |
| Other Financing Activities | -362.00K | -3.18M | ||||
| Financing Cash Flow | -1.34M | 39.21M | 161.00K | 10.24M | 15.80M | 6.04M |
| Net Cash Flow | 11.15M | 44.13M | -9.51M | 8.92M | -5.19M | -11.09M |
| Free Cash Flow | 7.10M | 4.02M | -10.94M | -2.85M | -21.08M | -17.74M |
| Free Cash Flow Margin | 3.80% | 2.26% | -7.20% | -2.50% | -24.93% | -22.75% |
| Free Cash Flow Per Share | 0.54 | 0.33 | -0.98 | -0.31 | -2.37 | -2.00 |
| Levered Free Cash Flow | 850.12K | -3.17M | -13.61M | -5.39M | -17.87M | -19.06M |
| Unlevered Free Cash Flow | 1.28M | -2.54M | -12.69M | -4.33M | -17.30M | -18.91M |
| Cash Interest Paid | 788.00K | 1.00M | 1.40M | 1.44M | 796.00K | 251.00K |
| Cash Income Tax Paid | 254.00K | 257.00K | 39.00K | 3.00K | ||
| Change in Working Capital | -11.39M | -9.95M | -21.51M | -6.02M | -5.69M | -2.30M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 413.34M | 578.38M | 278.88M | 102.54M | 47.22M | 55.99M |
| Enterprise Value | 375.38M | 548.74M | 289.02M | 125.06M | 69.37M | 61.11M |
| Last Close Price | 31.80 | 44.66 | 25.68 | 10.15 | 5.30 | 6.31 |
| PE Ratio | 19.95 | 34.38 | 24.97 | 21.95 | ||
| Forward PE | 19.16 | 25.99 | 23.56 | |||
| PS Ratio | 2.21 | 3.25 | 1.83 | 0.90 | 0.56 | 0.72 |
| PB Ratio | 2.19 | 3.28 | 2.49 | 1.13 | 0.62 | 0.73 |
| P/TBV Ratio | 2.21 | 3.31 | 2.53 | 1.15 | 0.64 | 0.75 |
| P/FCF Ratio | 58.20 | 143.87 | ||||
| P/OCF Ratio | 28.61 | 38.62 | 45.47 | |||
| PEG Ratio | 1.17 | 0.93 | ||||
| EV/Sales Ratio | 2.01 | 3.08 | 1.90 | 1.10 | 0.82 | 0.78 |
| EV/EBITDA Ratio | 15.84 | 23.34 | 16.54 | 12.20 | 19.51 | 18.34 |
| EV/EBIT Ratio | 20.39 | 29.80 | 24.04 | 22.55 | ||
| EV/FCF Ratio | 52.86 | 136.50 | ||||
| Debt / Equity Ratio | 0.09 | 0.10 | 0.18 | 0.33 | 0.40 | 0.21 |
| Debt / EBITDA Ratio | 0.64 | 0.69 | 1.03 | 2.85 | 6.12 | 4.06 |
| Debt / FCF Ratio | 2.35 | 4.39 | ||||
| Net Debt / Equity Ratio | -0.20 | -0.19 | 0.11 | 0.15 | 0.29 | 0.04 |
| Net Debt / EBITDA Ratio | -1.60 | -1.43 | 0.72 | 1.36 | 6.21 | 0.89 |
| Net Debt / FCF Ratio | -5.34 | -8.36 | -1.15 | -4.91 | -1.05 | -0.17 |
| Asset Turnover | 0.81 | 0.91 | 0.98 | 0.84 | 0.71 | 0.69 |
| Inventory Turnover | 1.74 | 1.86 | 1.99 | 1.88 | 1.58 | 1.59 |
| Quick Ratio | 2.43 | 2.49 | 0.97 | 0.92 | 0.87 | 1.09 |
| Current Ratio | 4.83 | 4.89 | 2.97 | 2.40 | 2.59 | 2.93 |
| Return on Equity (ROE) | 11.86% | 11.67% | 11.02% | 5.62% | -2.05% | -5.08% |
| Return on Assets (ROA) | 5.00% | 5.90% | 4.87% | 2.55% | -0.08% | -0.85% |
| Return on Invested Capital (ROIC) | 10.67% | 12.22% | 10.31% | 4.88% | -0.17% | -2.05% |
| Return on Capital Employed (ROCE) | 8.80% | 9.60% | 9.60% | 5.20% | -0.20% | -1.80% |
| Earnings Yield | 5.01% | 2.91% | 4.00% | 4.56% | -3.31% | -6.36% |
| FCF Yield | 1.72% | 0.69% | -3.92% | -2.78% | -44.64% | -31.68% |
| Buyback Yield / Dilution | -13.85% | -9.52% | -23.47% | -1.93% | -0.41% | |
| Total Shareholder Return | -13.85% | -9.52% | -23.47% | -1.93% | -0.41% |