# Tactile Systems Technology Inc. (TCMD) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Healthcare / Health Care Technology. Price $21.87, market value $495 million.

## Valuation
- **P/E (trailing): 20.4×** (5-yr avg 23.8×, 3-yr avg 23.8×). Tactile Systems Technology Inc. trades at 20.4× trailing earnings, close to its own five-year average of 23.8×. The Healthcare median in the September 2026 study was 28.5×. Forward P/E is 15.0×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.88**. A PEG of 0.88 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.4×**. Each dollar of revenue is priced at 1.4×.
- **Price / book: 2.2×**. The shares trade at 2.2× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 9.9×**. Enterprise value is 9.9× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 5.4%** (5-yr avg 5.4%). Free cash flow equals 5.4% of the market value, in line with its five-year average of 5.4%. Above 5% is generally attractive.
- **Earnings yield: 4.9%**. The inverse of the P/E: 4.9% of the price is earned each year.

## Profitability
- **Gross margin: 76.8%**. Tactile Systems Technology Inc. keeps 76.8% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 10.0%**. 10.0% of revenue is left after running the business.
- **Net margin: 5.8%**. 5.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 8.7%**. 8.7% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 20.4%**. Return on all capital, debt included, is 20.4%: comfortably above what that capital costs.
- **Return on assets: 9.1%**. Each dollar of assets produces 9.1% of profit.

## Growth
- **Revenue growth (1 yr): 12.5%** (3-yr 10.1%/yr, 5-yr 12.0%/yr). Revenue grew 12.5% over the last year, against 12.0% a year compounded over five years.
- **EPS growth (1 yr): 17.1%**. Earnings per share rose 17.1%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): 127.6%/yr**. Free cash flow has compounded at 127.6% a year over three years.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Tactile Systems Technology Inc. holds more cash than debt.
- **Altman Z-score: 8.07**. A Z-score of 8.07 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend: none**. Tactile Systems Technology Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (3 analysts). 3 analysts cover Tactile Systems Technology Inc.; the consensus is strong_buy, with an average price target of $39.00 (+78% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 63.0%** (YTD -24.6%, 3-mo -13.9%). The shares are up 63.0% over twelve months including dividends.
- **From 52-week high: -42.1%** (66.4% above the low). Trading 42% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 29**. An RSI of 29 is oversold; bounces are common, but oversold can stay oversold in a real decline.
- **Beta (1 yr): 0.67** (volatility 63%). Beta of 0.67 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=TCMD · Page: https://foliofundamentals.com/stocks/tcmd

Not investment advice.