Tactile Systems Technology, Inc — Earnings Quality Grade B
TCMD · Healthcare
Generally healthy
Screening Summary
Management Signals
Source: SEC EDGAR 8-K Item 5.02, with exhibit links when available
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 49 days, change -7 days YoY
AR growth -2.4% vs revenue growth 12.5%
Revenue 12.5%, CFFO 5.3%. Cash follows revenue
Expense Quality
Inventory -24.9% vs COGS 4.0%. Normal
CapEx growth 1.0% vs revenue 12.5%. Normal
SG&A/Gross Profit = 83.9%, exceeds 70%
Gross margin 75.9%, change +2.0pp. Stable
Cash Flow Quality
CFFO/NI = 2.24. Profits backed by cash
FCF $0.0B, FCF/NI = 2.11
Accruals ratio = -8.7%. Low accruals
Cash $0.1B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 32% of equity
Debt/EBITDA = 0.4x. Healthy
Other assets grew 65.2% vs revenue 12.5%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -5% YoY. Normal
Manipulation Score
M-Score = -2.83 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25