Tile Shop Holdings, Inc. TTSH

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
39/100
Developing

About Tile Shop Holdings, Inc.

Tile Shop Holdings, Inc. operates as a specialty retailer of man-made and natural stone tiles, setting and maintenance materials, and related accessories in the United States. The company offers natural stone products, including marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and man-made products comprises ceramic, porcelain, glass, cement, wood look, and metal and luxury vinyl tile. It also … Full TTSH analysis →

Competitive advantage assessment

Key strengths

  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.80), suggesting sticky customer base.

Key risks

  • Elevated Debt Risk Debt serviceability is weak (score 0.17), raising refinancing risk.
  • Weak or Negative Cash Flow Cash generation is weak (score 0.33), limiting financial flexibility.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
44

Where TTSH ranks in Consumer Cyclical: Retail (Discretionary)

Tile Shop Holdings, Inc. ranks #106 of 168 scored companies in Consumer Cyclical: Retail (Discretionary) by moat score — the top 63%. The widest moat in the group is Deckers Outdoor Corporation (DECK) at 84/100.

Moat scores for companies ranked near TTSH in Consumer Cyclical: Retail (Discretionary)
# Company Moat score Rating
102 The RealReal, Inc. REAL 40/100 Developing
103 Stitch Fix, Inc. SFIX 40/100 Developing
104 Jowell Global Ltd. JWEL 40/100 Developing
105 MarineMax, Inc. (FL) HZO 40/100 Developing
106 Tile Shop Holdings, Inc. TTSH 39/100 Developing
107 Designer Brands Inc. DBI 39/100 Developing
108 PTL LTD PTLE 38/100 Developing
109 Sportsman's Warehouse Holdings, SPWH 38/100 Developing
110 Caleres, Inc. CAL 38/100 Developing

See every General Corporate company ranked by moat score →

How TTSH scores on the Corporate Default defenses

Pricing Power

Score 44 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 24 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 52 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 37 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 29 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 50 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding TTSH's moat

What is Tile Shop Holdings, Inc.'s moat score?

Tile Shop Holdings, Inc. (TTSH) scores 39 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #106 of 168 scored companies in Consumer Cyclical: Retail (Discretionary), the top 63%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 167 companies in Consumer Cyclical: Retail (Discretionary). Its strongest defense is Customer Stickiness (52/100) and its weakest is Cost Advantage (24/100).

How does Tile Shop Holdings, Inc. compare with other Consumer Cyclical: Retail (Discretionary) companies?

Tile Shop Holdings, Inc. ranks #106 of 168 scored companies in Consumer Cyclical: Retail (Discretionary) by moat score. The widest moat in Consumer Cyclical: Retail (Discretionary) is Deckers Outdoor Corporation (DECK) at 84/100. The companies ranked closest are MarineMax, Inc. (FL) (HZO) at 40 just above it and Designer Brands Inc. (DBI) at 39 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 167 companies in Consumer Cyclical: Retail (Discretionary). The defenses are then weighted to produce the overall score out of 100.

Why is Tile Shop Holdings, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Tile Shop Holdings, Inc.?

The Corporate Default template measures 6 defenses, and TTSH scores: Pricing Power (44), Cost Advantage (24), Customer Stickiness (52), Capital Efficiency (37), Resilience (29), Scale & Market Position (50). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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