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Apparel & textiles · Consumer Cyclical · Fiscal year ends Jan 3
Interface reported revenue of $1.4B in the fiscal year ended Dec 2025, up 5.4% from the year before. Operating income was $164M, an operating margin of 11.8%, and net income was $116M. Operating cash flow of $168M less capital expenditure of $46M left free cash flow of $122M. Net debt was $110M.
Ranks among the 15 apparel & textiles companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Jan 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 1,200 | 1,298 | 1,261 | 1,316 | 1,387 |
| Cost of revenue | 768 | 860 | 820 | 833 | 849 |
| Gross profit | 433 | 438 | 441 | 483 | 537 |
| Research & development | 19.3 | 19.1 | 17.0 | 15.1 | 16.1 |
| Selling, general & admin | 324 | 324 | 339 | 349 | 373 |
| Operating income | 105 | 75.4 | 105 | 134 | 164 |
| Interest expense | 29.7 | 29.9 | 31.8 | 23.2 | 19.5 |
| Pre-tax income | 72.6 | 41.9 | 63.7 | 114 | 137 |
| Income tax | 17.4 | 22.4 | 19.1 | 26.6 | 20.8 |
| Net income | 55.2 | 19.6 | 44.5 | 86.9 | 116 |
| Diluted EPS | 0.94 | 0.33 | 0.76 | 1.48 | 1.96 |
| Diluted shares | 59.0 | 58.9 | 58.3 | 58.9 | 59.2 |
| Fiscal year | Jan 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 97.3 | 97.6 | 110 | 99.2 | 71.3 |
| Receivables | 172 | 183 | 163 | 171 | 174 |
| Inventory | 265 | 306 | 279 | 261 | 275 |
| Current assets | 572 | 617 | 584 | 564 | 555 |
| Net PP&E | 330 | 298 | 291 | 282 | 309 |
| Goodwill | 147 | 102 | 105 | 99.9 | 112 |
| Total assets | 1,330 | 1,267 | 1,230 | 1,171 | 1,207 |
| Payables | 85.9 | 78.3 | 62.9 | 68.9 | 64.8 |
| Current liabilities | 262 | 220 | 215 | 217 | 237 |
| Short-term debt | 15.0 | 10.2 | 8.6 | 0.5 | 8.8 |
| Long-term debt | 503 | 510 | 409 | 302 | 173 |
| Total liabilities | 967 | 905 | 804 | 682 | 566 |
| Shareholders' equity | 363 | 362 | 426 | 489 | 641 |
| Fiscal year | Jan 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 86.7 | 43.1 | 142 | 148 | 168 |
| Capital expenditure | 28.1 | 18.4 | 26.1 | 33.8 | 46.2 |
| Free cash flow | 58.6 | 24.6 | 116 | 115 | 122 |
| Depreciation & amortisation | 46.3 | 40.3 | 40.8 | 39.3 | 38.9 |
| Stock-based compensation | 5.5 | 8.5 | 10.3 | 12.9 | 14.4 |
| Share buybacks | 0.0 | 17.2 | 0.0 | 0.0 | 18.2 |
| Dividends paid | 2.4 | 2.4 | 2.3 | 2.3 | 3.6 |
| Dividend per share | 0.04 | 0.04 | 0.04 | 0.04 | 0.06 |
| Fiscal year | Jan 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 8.1% | −2.8% | 4.3% | 5.4% |
| Operating income growth (YoY) | – | −28.1% | 38.6% | 28.6% | 22.0% |
| EPS growth (YoY) | – | −64.9% | 130.3% | 94.7% | 32.4% |
| Gross margin | 36.0% | 33.7% | 35.0% | 36.7% | 38.7% |
| Operating margin | 8.7% | 5.8% | 8.3% | 10.2% | 11.8% |
| Net margin | 4.6% | 1.5% | 3.5% | 6.6% | 8.4% |
| Return on equityBlank when equity is negative | 15.2% | 5.4% | 10.5% | 17.8% | 18.1% |
| ROCEEBIT ÷ (assets − current liabilities) | 9.8% | 7.2% | 10.3% | 14.1% | 16.9% |
| Free cash flow margin | 4.9% | 1.9% | 9.2% | 8.7% | 8.8% |
| Cash conversion (CFO ÷ net income) | 1.57x | 2.20x | 3.19x | 1.71x | 1.45x |
| Receivable days | 52 | 51 | 47 | 47 | 46 |
| Inventory days | 126 | 130 | 124 | 114 | 118 |
| Payable days | 41 | 33 | 28 | 30 | 28 |
| Interest cover | 3.53x | 2.52x | 3.29x | 5.79x | 8.39x |
| Debt ÷ equity | 1.43x | 1.44x | 0.98x | 0.62x | 0.28x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 421 | 423 | 307 | 204 | 110 |
| Current ratio | 2.19x | 2.80x | 2.72x | 2.60x | 2.34x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.