Short answer
INTERFACE INC (TILE) filed its fiscal 2025 10-K annual report with the SEC on Feb 25, 2026. It reported revenue of $1.4B (+5.4% year over year) and net income of $116M.
- Top risk flagged: Long-term debt $181.8M maturing 2030 with weighted average interest rate 5.12%, refinancing uncertainty risk
FY2025 key financial metrics · XBRL
- Revenue
- $1.4B
- +5.4% YoY
- Net income
- $116M
- +33.5% YoY
- Operating margin
- 11.8%
- +1.6 pp YoY
- Gross margin
- 38.7%
- +2.0 pp YoY
- EPS (diluted)
- $1.96
- +32.4% YoY
- ROE
- 18.1%
- +0.3 pp YoY
- Operating cash flow
- $168M
- +13.1% YoY
Source: XBRL data from the INTERFACE INC (TILE) FY2025 10-K on SEC EDGAR. USD.
INTERFACE INC FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model not described in this year's Business section text
- Governance emphasis with "Interface Code of Conduct" applicable to all employees including CEO and CFO
- Executive compensation, stock ownership, related transactions, and auditor fees disclosed only by reference to upcoming Proxy Statement
- No new products, services, segments, or strategic shifts detailed in this filing
- Noteworthy: Business section content mainly references external documents, lacking operational or product information this year
Management Discussion & Analysis
- Revenue $926M, down 4% YoY reflecting cyclical commercial interiors industry conditions
- Operating margin 11.2% vs 12.4% YoY, impacted by lower volumes and cost pressures
- AMS segment revenue $614M, down 3% YoY; EAAA segment revenue $312M, down 7% YoY; EAAA worst performer
- Net cash used in operations $45M, capital expenditures $18M, dividends paid $10M, share repurchases $25M
- Management cautious on macroeconomic factors: employment, work from home, capital spending risks impacting demand
Risk Factors
- Long-term debt $181.8M maturing 2030 with weighted average interest rate 5.12%, refinancing uncertainty risk
- Foreign cash $71.3M mostly offshore with $13.3M taxable earnings not permanently reinvested, exposing to withholding and U.S. state taxes
- Purchase obligations $58.5M primarily for non-cancellable raw material and capital expenditure agreements
- Competitor risk not specified, next material risk: Significant variable-rate borrowings expose to interest rate hike risk increasing interest expense
- Operating lease obligations $115.0M undiscounted payments create fixed commitment pressure on liquidity
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