Employees: 1,086
Size Tactile Systems Technology (TCMD) is a United States Health Care company (Medical Specialties) with a market value of $583M, the 2594th largest of 3,117 United States companies the cockpit tracks. Shares closed at $26.03 on 6 Nov 2026.
Performance Over six months the shares gained 1.5%, against -13.5% for the median peer and -1.1% for the United States market (cap-weighted) — 5th highest of 20 in its peer set.
Growth Revenue grew 14.4% over the last twelve months (peer median +6.9%); the operating margin is 9.5% (peer median 6.3%).
Valuation It trades at 20.8× forward earnings against a peer median of 25.2× (3rd cheapest of 12).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.2 points above its cost of capital (9.5% WACC).
Short interest Short interest is 12.5% of the free float (15 Oct 2026).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $356M | $330M | $293M | $274M | $247M |
| Revenue growth | — | +12% | +7% | +11% | — |
| Gross profit | $272M | $248M | $214M | $193M | $172M |
| EBITDA | $40.6M | $35.9M | $29.0M | $22.1M | $4.17M |
| Net income | $23.8M | $19.1M | $17.0M | $28.5M | -$17.9M |
| Free cash flow | $29.0M | $40.4M | $38.3M | $33.4M | $3.39M |
| Capital expenditure | $3.33M | $2.54M | $2.51M | $2.48M | $1.92M |
| Total debt | $17.1M | $16.0M | $45.1M | $50.4M | $72.2M |
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Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TCMD | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +17.7% | -4.3% | 2nd highest of 20 |
| 6-month return | +1.5% | -13.5% | 5th highest of 20 |
| Distance from 52-week high | -31.1% | -37.3% | 7th highest of 20 |
| Revenue growth (TTM) | +14.4% | +6.9% | 6th highest of 20 |
| Operating margin | 9.5% | 6.3% | 7th highest of 20 |
| Forward P/E | 20.8× | 25.2× | 3rd cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | 7.8% | 6.9% | 5th most demanding of 11 |
| Growth delivered (Del g) | +12.0% | +5.7% | 4th highest of 11 |
| Hurdle (Req g minus delivered) | -4.2 pp | +10.1 pp | 4th least demanding of 11 |
| ROIC minus cost of capital | +6.2 pp | -1.3 pp | 4th highest of 18 |
| EV / EBITDA | 12.9× | 21.3× | 2nd cheapest of 4 |
| Net debt / EBITDA | -1.4× | -2.1× | 3rd most indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tactile Systems Technology TCMD | United States | $583M | +1% | +14% | 9% | 20.8× | 7.8% | +12.0% |
| Zhejiang Gongdong Medical Technology 605369.SS | China | $581M | -10% | +6% | 9% | 25.2× | 11.6% | +6.5% |
| Guangdong Hybribio Biotech 300639.SZ | China | $568M | -5% | -7% | 4% | 63.8× | 2.7% | -13.2% |
| Nanosonics NAN.AX | Australia | $599M | -13% | +3% | 7% | 90.3× | 34.4% | +6.7% |
| Contec Medical Systems 300869.SZ | China | $600M | -23% | -2% | -16% | n/a | 17.3% | -19.8% |
| Myriad Genetics MYGN | United States | $566M | +38% | -3% | -11% | n/a | n/a | n/a |
| Medistim MEDI.OL | Norway | $601M | +30% | +19% | 29% | 30.5× | -1.8% | +14.5% |
| Sahajanand Medical Technologies SMT.NS | India | $566M | n/a | n/a | n/a | n/a | n/a | n/a |
| Wuhan Huakang Century Clean Technology 301235.SZ | China | $603M | -42% | +28% | 7% | 22.6× | n/a | n/a |
| Ningbo David Medical Device 300314.SZ | China | $607M | +22% | +19% | 11% | 12.3× | n/a | n/a |
| Anbio Biotechnology NNNN | United States | $560M | -85% | +10% | 67% | n/a | n/a | n/a |
| Zhejiang Orient Gene Biotech 688298.SS | China | $559M | -17% | +18% | -60% | n/a | n/a | n/a |
| MedicalSystem Biotechnology 300439.SZ | China | $556M | -4% | +14% | 2% | n/a | 7.4% | -7.8% |
| Sight Sciences SGHT | United States | $555M | -14% | +9% | -33% | n/a | n/a | n/a |
| Anteris Technologies Global AVR | United States | $555M | -14% | -10% | -4,738% | n/a | n/a | n/a |
| Hangzhou AGS MedTech 688581.SS | China | $617M | -16% | -18% | 33% | 19.8× | 1.7% | +27.8% |
| Nanjing Vishee Medical Technology 688580.SS | China | $550M | -40% | +7% | 24% | 21.7× | 22.3% | +4.2% |
| Medprin Regenerative Medical Technologies 301033.SZ | China | $542M | -3% | +23% | 31% | 25.2× | 6.3% | +24.4% |
| Assure Tech (Hangzhou) 688075.SS | China | $538M | -25% | -21% | -7% | n/a | n/a | n/a |
| Zhejiang Starry Pharmaceutical 603520.SS | China | $537M | -32% | +9% | 3% | 28.2× | n/a | n/a |
| medmix MEDX.SW | Switzerland | $537M | +24% | -7% | 6% | 24.4× | 5.0% | +5.0% |