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Norway
In shortTgs ASA is profitable, generates cash and carries moderate debt, with revenue growing (+15.8% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 11.9% | 56/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 1.2% | 25/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 0.9% | 5/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 5.5% | 37/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.64× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.33× | 93/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 2.40× | 46/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 2.06× | 5/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 55.7% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 46.45× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 5 | 80/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 22.4% | 28/100 |
| Operating margin volatility | 12.8% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 28.7% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | -50.5% | 0/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 519 | 717 | 794 | 1,318 | 1,527 |
| Cost of revenue | 12 | 38 | 217 | 323 | 284 |
| Gross profit | 507 | 679 | 577 | 996 | 1,243 |
| Operating income | (72) | 132 | 53 | 196 | 182 |
| Interest expense | 6.4 | 8.5 | 18 | 44 | 89 |
| Pre-tax income | (85) | 129 | 52 | 148 | 98 |
| Income tax | (9.1) | 41 | 30 | 53 | 80 |
| Net income | (76) | 88 | 22 | 94 | 18 |
| Diluted EPS | −$0.65 | $0.74 | $0.17 | $0.57 | $0.09 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
Not computed: a required balance-sheet item is missing.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Mar 20, 2026