TATT

MKT CAP:$478M

TAT Technologies Ltd.

Market Cap

$478M

Industrials·Aerospace & Defense·🇮🇱 Israel·NASDAQ

Industrials·Aerospace·🇮🇱·NASDAQ

Stock Price

$35.84-$11.74 (-24.67%)

Apr 21, 2026

Company Details

TAT Technologies Ltd., together with its subsidiaries, provides solutions and services to the commercial and military aerospace, and ground defense industries in the United States, Israel, and internationally. The company operates through f...

CEO

Igal Zamir

IPO Date

Mar 31, 1987

Website

tat-technologies.com

Key Metrics TTM

Revenue

$178M

+17.0% YoY

Net Income

$17M

EPS (Diluted)

$1.37

Free Cash Flow

$4M

Revenue / Share

$13.60

Gross Margin

24.8%

Operating Margin

10.3%

Net Margin

9.4%

FCF Margin

2.4%

P/S

2.7x

P/E

28.4x

Earnings Reports

FY 2025

Mar 18, 2026

$178M+17.0%EPS $1.37

Q4 2025

Mar 18, 2026

$47M+13.4%EPS $0.36

Q3 2025

Nov 12, 2025

$46M+14.3%EPS $0.37

Q2 2025

Aug 11, 2025

$43M+18.0%EPS $0.30

Q1 2025

May 19, 2025

$42M+23.6%EPS $0.34

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$20M	$3M	-$1M
Q2 22	$21M	$4M	-$925.0K
Q3 22	$21M	$3M	-$508.0K
Q4 22	$23M	$5M	$1M
Q1 23	$25M	$4M	$948.0K
Q2 23	$27M	$5M	$2M
Q3 23	$30M	$6M	$2M
Q4 23	$32M	$7M	$2M
Q1 24	$34M	$7M	$2M
Q2 24	$37M	$8M	$3M
Q3 24	$40M	$8M	$3M
Q4 24	$41M	$9M	$4M
Q1 25	$42M	$10M	$4M
Q2 25	$43M	$11M	$4M
Q3 25	$46M	$12M	$5M
Q4 25	$47M	$12M	$5M

Valuation

Quarter	P/S	P/E
Q1 22	0.7x	—
Q2 22	0.7x	—
Q3 22	0.7x	—
Q4 22	0.6x	—
Q1 23	0.6x	82.5x
Q2 23	0.7x	29.4x
Q3 23	0.8x	17.0x
Q4 23	0.9x	21.7x
Q1 24	0.9x	18.0x
Q2 24	1.2x	21.1x
Q3 24	1.3x	23.9x
Q4 24	1.8x	25.0x
Q1 25	1.8x	22.4x
Q2 25	2.0x	24.4x
Q3 25	2.7x	29.4x
Q4 25	2.8x	29.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$4M	-$8M
Q2 22	-$3M	-$6M
Q3 22	-$3M	-$7M
Q4 22	$5M	-$23.1K
Q1 23	$2M	$334.0K
Q2 23	$2M	$1M
Q3 23	-$4M	-$4M
Q4 23	$2M	-$795.0K
Q1 24	-$4M	-$5M
Q2 24	-$4M	-$5M
Q3 24	$3M	$1M
Q4 24	-$961.0K	-$2M
Q1 25	-$5M	-$8M
Q2 25	$7M	$4M
Q3 25	$7M	$5M
Q4 25	$6M	$4M

Capital Expenditures

Quarter	CapEx
Q1 22	$4M
Q2 22	$4M
Q3 22	$4M
Q4 22	$5M
Q1 23	$1M
Q2 23	$981.6K
Q3 23	$569.0K
Q4 23	$3M
Q1 24	$989.0K
Q2 24	$978.0K
Q3 24	$2M
Q4 24	$2M
Q1 25	$3M
Q2 25	$3M
Q3 25	$3M
Q4 25	$2M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-19.1%	-8.0%
Q2 22	+13.2%	+17.6%
Q3 22	-2.8%	-11.3%
Q4 22	+29.7%	+18.8%
Q1 23	+26.4%	+13.2%
Q2 23	+29.0%	+16.5%
Q3 23	+42.7%	+31.1%
Q4 23	+39.3%	+38.3%
Q1 24	+35.2%	+31.4%
Q2 24	+36.3%	+33.7%
Q3 24	+35.2%	+31.4%
Q4 24	+28.9%	+23.1%
Q1 25	+23.6%	+19.1%
Q2 25	+18.0%	+14.4%
Q3 25	+14.3%	+10.7%
Q4 25	+13.4%	+13.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$49.0K	0.2%
Q2 22	$62.0K	0.3%
Q3 22	$56.0K	0.3%
Q4 22	$0	0.0%
Q1 23	$90.0K	0.4%
Q2 23	$0	0.0%
Q3 23	$8.0K	0.0%
Q4 23	$30.0K	0.1%
Q1 24	$41.0K	0.1%
Q2 24	$148.0K	0.4%
Q3 24	$21.0K	0.1%
Q4 24	$185.0K	0.5%
Q1 25	$222.0K	0.5%
Q2 25	$291.0K	0.7%
Q3 25	$167.0K	0.4%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	—	$2M	$1M
Q2 22	$180.0K	$2M	$2M
Q3 22	$197.0K	$2M	$1M
Q4 22	$130.0K	$3M	$1M
Q1 23	$99.0K	$2M	$1M
Q2 23	$157.0K	$2M	$1M
Q3 23	$194.0K	$3M	$1M
Q4 23	$265.0K	$3M	$2M
Q1 24	$277.0K	$3M	$2M
Q2 24	$343.0K	$3M	$2M
Q3 24	$326.0K	$3M	$2M
Q4 24	$302.0K	$3M	$2M
Q1 25	$324.0K	$4M	$2M
Q2 25	$240.0K	$4M	$2M
Q3 25	$323.0K	$4M	$2M
Q4 25	$497.0K	$4M	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$13M	$0	$13M
Q2 22	$8M	$0	$8M
Q3 22	$7M	$0	$7M
Q4 22	$8M	$0	$8M
Q1 23	$9M	$0	$9M
Q2 23	$11M	$0	$11M
Q3 23	$7M	$0	$7M
Q4 23	$16M	$661.0K	$17M
Q1 24	$9M	$0	$9M
Q2 24	$8M	$0	$8M
Q3 24	$9M	$0	$9M
Q4 24	$7M	$0	$7M
Q1 25	$5M	$0	$5M
Q2 25	$43M	$57.0K	$43M
Q3 25	$47M	$0	$47M
Q4 25	$51M	$0	$51M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	9M	+0.1%	+0.1%
Q2 22	9M	0.0%	+0.1%
Q3 22	9M	+0.3%	+0.4%
Q4 22	9M	-0.1%	+0.3%
Q1 23	9M	+0.1%	+0.3%
Q2 23	9M	+1.6%	+1.9%
Q3 23	9M	+0.9%	+2.5%
Q4 23	9M	+2.2%	+4.9%
Q1 24	11M	+13.1%	+18.4%
Q2 24	11M	+0.1%	+16.7%
Q3 24	11M	+2.5%	+18.6%
Q4 24	11M	+1.0%	+17.2%
Q1 25	11M	+2.5%	+6.2%
Q2 25	12M	+4.1%	+10.5%
Q3 25	13M	+12.1%	+20.8%
Q4 25	13M	+0.1%	+19.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$48.3K	413
Q2 22	$50.3K	413
Q3 22	$50.8K	413
Q4 22	$48.5K	471
Q1 23	$53.5K	471
Q2 23	$56.9K	471
Q3 23	$63.6K	471
Q4 23	$59.0K	540
Q1 24	$63.1K	540
Q2 24	$67.6K	540
Q3 24	$74.9K	540
Q4 24	$64.7K	634
Q1 25	$66.5K	634
Q2 25	$68.0K	634
Q3 25	$72.9K	634
Q4 25	$70.6K	659

Revenue / Employee