TILEMEDIUM SIGNALFINANCIAL10-K

TILE executed significant debt reduction (-40%) while delivering strong profitability growth, with net income rising 33.5% and operating cash flow increasing 13.1%.

The company appears to be in a strong financial position, having substantially deleveraged its balance sheet while maintaining robust operational performance. The combination of debt reduction and equity growth to $640.7M suggests improved financial flexibility and lower financial risk.

Comparing 2026-02-25 vs 2025-02-26View on EDGAR →
FINANCIAL ANALYSIS

TILE demonstrated strong financial performance across key metrics, with net income growing 33.5% to $116.1M and operating cash flow increasing 13.1% to $167.9M. The company strategically reduced total debt by 40% to $181.6M while boosting stockholders' equity by 31%, though cash reserves declined 28.1% likely due to debt paydown and increased capital investments (+36.7%). Overall, the financial picture signals a company strengthening its balance sheet and investing in growth while delivering improved profitability.

FINANCIAL STATEMENT CHANGES
Dividends Paid
Cash Flow
+52.2%
$2.3M→$3.6M

Dividend payments increased 52.2% — management confidence in sustained cash generation.

Total Debt
Balance Sheet
-40%
$302.8M→$181.6M

Debt reduced 40% — deleveraging strengthens balance sheet and reduces financial risk.

Capital Expenditure
Cash Flow
+36.7%
$33.8M→$46.2M

Capital expenditure jumped 36.7% — major investment cycle underway; assess returns on deployment.

Net Income
P&L
+33.5%
$86.9M→$116.1M

Net income grew 33.5% — bottom-line growth signals improving overall business health.

Stockholders Equity
Balance Sheet
+31%
$489.1M→$640.7M

Equity base grew 31% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Cash & Equivalents
Balance Sheet
-28.1%
$99.2M→$71.3M

Cash decreased 28.1% — monitor burn rate and upcoming capital needs.

Operating Income
P&L
+22%
$134.4M→$164.0M

Operating income improving — cost discipline or growing revenue base absorbing fixed costs.

Total Liabilities
Balance Sheet
-17%
$681.7M→$565.8M

Liabilities reduced 17% — deleveraging improves balance sheet strength and financial flexibility.

Operating Cash Flow
Cash Flow
+13.1%
$148.4M→$167.9M

Operating cash flow grew 13.1% — strong conversion of earnings to cash, healthy business fundamentals.

Gross Profit
P&L
+11.3%
$482.9M→$537.4M

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

LANGUAGE CHANGES
NEW — 2026-02-25
PRIOR — 2025-02-26
ADDED
See the definitions of large accelerated filer, accelerated filer, smaller reporting company and emerging growth company in Rule 12b-2 of the Exchange Act.
103 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 104 ITEM 9.
was incorporated in Georgia in 1973 and is a global flooring solutions company offering an integrated portfolio of flooring products to customers, including carpet tile, luxury vinyl tile ( LVT ), nora rubber flooring, and FLOR premium area rugs.
We are a global sustainability leader and offer an extensive range of low carbon and cradle-to-gate carbon negative products that prioritize our sustainability goals.
Over the past decade, we have evolved from a company focused primarily on modular carpet into an integrated flooring solutions provider.
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REMOVED
Interface is a global flooring solutions company and sustainability leader, offering an integrated portfolio of carpet tile and resilient flooring products that includes Interface carpet tile and luxury vinyl tile ( LVT ), nora rubber flooring, and FLOR premium area rugs for commercial and residential spaces.
We help our customers create high-performance interior spaces that support well-being, productivity, and creativity, as well as sustainability of the planet.
We primarily focus our sales efforts on the corporate office, education, healthcare, government, hospitality, and residential living market segments.
Disruptions in economic markets due to inflation, high interest rates, geo-political tensions, including the Russia-Ukraine war and the Middle East conflict, a still challenging supply chain environment, slow economic conditions in several markets that we serve, and significant financial pressures in the commercial office market globally, all pose challenges for us and impact the markets we operate in.
We produce carpet tiles in a wide variety of colors, patterns, textures, pile heights and densities.
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