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TANH · Nasdaq · United States · Industrial Organic Chemicals
In shortTANTECH HOLDINGS LTD is loss-making.
Financial health
Weak
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. | -31.8% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -80.9% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -25.7% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | – | n/a |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 6.59× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | – | n/a |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -43.66× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 11.62 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -15.2% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 3 of 5 | 50/100 |
Weight in the score: 20%
| Profitable years (last 5) | 2 of 5 | 40/100 |
|---|---|---|
| Years of revenue decline (last 5) | 4 of 5 | 0/100 |
| Revenue growth volatility | 18.3% | 44/100 |
| Operating margin volatility | 19.1% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -10.2% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years 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 | 55 | 53 | 45 | 43 | 38 |
| Cost of revenue | 45 | 43 | 35 | 34 | 31 |
| Gross profit | 10 | 10 | 9.7 | 8.9 | 7.1 |
| Research & development | 8.1 | 0 | 0 | 0 | 0.1 |
| Operating income | (8.5) | 5.9 | 3.7 | 4 | (12) |
| Interest expense | 0.7 | 0.5 | 0.3 | 0.3 | 0.3 |
| Pre-tax income | (8.3) | 7.2 | 9.3 | 0.6 | (34) |
| Income tax | 2.4 | 3.1 | 2.4 | 3.1 | (2.5) |
| Net income | (8.4) | 2.6 | 5.6 | (3.2) | (31) |
| Diluted EPS | −$48.35 | $120.10 | $80.69 | −$7.66 | −$13.64 |
| Diluted shares (millions) | 0.2 | 0 | 0.1 | 0.4 | 2.3 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
11.62 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
3/9
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: SEC EDGAR. 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 May 14, 2026