INTERFACE INC TILE
Interface, Inc. 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. In late 2016, we began offering LVT products in select markets, expanding globally in 2017 to capitalize on the high-growth resilient flooring market. In 2018, we acquired nora systems GmbH, adding rubber flooring to our portfolio and strengthening our position in healthcare, education, and transportation market segments. In 2020, we launched our CQuest™ carbon negative carpet tile backings, and in 2021 we set carbon reduction targets validated by the Science Based Targets Initiative. We have also implemented our One Interface strategy, a multi-year organizational initiative that positions us to operate as one global team across our integrated product portfolio. These developments have helped us to diversify beyond our traditional corporate office market segment, building a more resilient revenue base across education, healthcare, government, hospitality, and other commercial end-markets.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.39B | $1.32B | $1.26B | $1.30B | $1.20B | $1.10B | $1.34B | $1.18B | $996.4M | $958.6M |
| Cost of revenue | $849.5M | $832.7M | $820.4M | $860.2M | $767.7M | $692.7M | $810.1M | $749.7M | $610.4M | $590.0M |
| Gross profit | $537.4M | $482.9M | $441.1M | $437.7M | $432.7M | $410.6M | $533.0M | $429.9M | $386.0M | $368.6M |
| R&D | $16.1M | $15.1M | $17.0M | $19.1M | $19.3M | $18.6M | $17.8M | $16.4M | $14.0M | $14.3M |
| SG&A | $373.4M | $348.5M | $339.0M | $324.2M | $324.3M | $333.2M | $389.1M | $333.0M | $267.2M | $261.7M |
| Total operating expenses | — | — | — | — | — | — | $1.20B | $1.08B | — | — |
| Operating income | $164.0M | $134.4M | $104.5M | $75.4M | $104.8M | -$39.3M | $130.9M | $76.4M | $111.6M | $87.2M |
| Interest expense | $19.5M | $23.2M | $31.8M | $29.9M | $29.7M | $29.2M | $25.7M | $15.4M | $7.1M | $6.1M |
| Pre-tax income | $136.9M | $113.6M | $63.7M | $41.9M | $72.6M | -$79.4M | $101.8M | $55.0M | $100.5M | $79.1M |
| Income tax | $20.8M | $26.6M | $19.1M | $22.4M | $17.4M | $7.5M | $22.6M | $4.7M | $47.3M | $25.0M |
| Net income | $116.1M | $86.9M | $44.5M | $19.6M | $55.2M | -$71.9M | $79.2M | $50.3M | $53.2M | $54.2M |
| EPS, basic | 1.99 | 1.49 | 0.77 | 0.33 | 0.94 | -1.23 | 1.34 | 0.84 | 0.86 | 0.83 |
| EPS, diluted | 1.96 | 1.48 | 0.76 | 0.33 | 0.94 | -1.23 | 1.34 | 0.84 | 0.86 | 0.83 |
| Shares, diluted (wtd. avg.) | $59.2M | $58.9M | $58.3M | $58.9M | $59.0M | $58.5M | $58.9M | $59.6M | $62.0M | $65.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $71.3M | $99.2M | $110.5M | $97.6M | $97.3M | $103.1M | $81.3M | $81.0M | $87.0M | $165.7M |
| Short-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Receivables | $174.5M | $171.1M | $163.4M | $182.8M | $171.7M | $139.9M | $177.5M | $179.0M | $142.8M | $126.0M |
| Inventory | $275.0M | $260.6M | $279.1M | $306.3M | $265.1M | $228.7M | $253.6M | $258.7M | $177.9M | $156.1M |
| Total current assets | $554.8M | $564.3M | $583.9M | $617.0M | $572.3M | $495.4M | $548.1M | $558.9M | $430.9M | $470.9M |
| Property, plant and equipment | — | — | — | — | — | — | — | $292.9M | $212.6M | $204.5M |
| Goodwill | $112.1M | $99.9M | $105.4M | $102.4M | $147.0M | $165.8M | $257.4M | $245.8M | $68.8M | $61.2M |
| Other intangibles | $50.9M | $48.3M | $56.3M | $59.8M | $76.2M | $27.3M | $29.7M | — | — | — |
| Total assets | $1.21B | $1.17B | $1.23B | $1.27B | $1.33B | $1.31B | $1.42B | $1.28B | $800.6M | $835.4M |
| Accounts payable | $64.8M | $68.9M | $62.9M | $78.3M | $85.9M | $58.7M | $75.7M | $66.3M | $50.7M | $45.4M |
| Short-term debt | $8.8M | $482.0K | $8.6M | $10.2M | $15.0M | $15.3M | $31.0M | $31.3M | $15.0M | $15.0M |
| Total current liabilities | $237.1M | $216.7M | $214.7M | $220.5M | $261.8M | $193.3M | $263.3M | $223.6M | $176.6M | $159.1M |
| Long-term debt | $172.8M | $302.3M | $408.6M | $510.0M | $503.1M | $561.3M | $565.2M | $587.3M | $214.9M | $255.3M |
| Total liabilities | $565.8M | $681.7M | $804.1M | $905.0M | $966.7M | $979.5M | $1.05B | $930.0M | $470.5M | $494.7M |
| Retained earnings | $518.0M | $405.4M | $320.8M | $278.6M | $261.4M | $208.6M | $286.1M | $222.2M | $187.4M | $140.2M |
| Total equity | $640.7M | $489.1M | $425.9M | $361.5M | $363.4M | $326.5M | $368.2M | $354.7M | $330.1M | $340.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $167.9M | $148.4M | $142.0M | $43.1M | $86.7M | $119.1M | $141.8M | $91.8M | $103.4M | $98.1M |
| Depreciation and amortisation | $38.9M | $39.3M | $40.8M | $40.3M | $46.3M | $45.9M | $44.9M | $39.1M | $30.3M | $30.6M |
| Capital expenditure | $46.2M | $33.8M | $26.1M | $18.4M | $28.1M | $62.9M | $74.6M | $54.9M | $30.5M | $28.1M |
| Investing cash flow | -$46.2M | -$30.4M | -$19.5M | -$18.4M | -$28.1M | -$61.7M | -$74.2M | -$455.7M | -$31.1M | -$26.4M |
| Financing cash flow | -$159.3M | -$125.2M | -$111.6M | -$19.5M | -$60.9M | -$42.7M | -$66.7M | $361.5M | -$157.0M | $19.6M |
| Dividends paid | $3.6M | $2.3M | $2.3M | $2.4M | $2.4M | $5.6M | $15.4M | $15.5M | $15.5M | $14.3M |
| Buybacks | $18.2M | $0 | $0 | $17.2M | $0 | $0 | $25.2M | $14.5M | $91.6M | $18.5M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000715787-26-000006.
Others in SIC 2273
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| MHK | MOHAWK INDUSTRIES INC | $9.05B | 22.5x | -0.5% |