Turtle Beach Corporation
Rank #65HypergrowthTBCH · Nasdaq · Technology
Turtle Beach Corporation (TBCH) — Rank #65 by gross profitability (GP/assets 0.55) · ROE 19.5% · Piotroski F-Score 7 / 9.
As-of 2026-09-15 · CIK 0001493761 · all metrics point-in-time as of the filing date.
About
Turtle Beach Corporation, an audio and gaming technology company, develops and markets audio and gaming accessory products under the Turtle Beach brand in the Americas, Europe, the Middle East, and the Asia Pacific.
Show moreShow less
The company offers headsets, controllers, keyboards, mice, flight and racing simulation hardware, microphones, and fight sticks; accessories, such as mousepads, headset stands and cases, and chargers; and replacement parts for transmitters, headsets, mice, keyboards, controllers, and flight simulation products. Its products are used with video game and entertainment consoles, handheld consoles, personal computers, tablets, and mobile devices. The company serves professional streamers, content creators, and esports gamers; and retailers, distributors, and online customers.
Turtle Beach Corporation was founded in 1975 and is headquartered in San Diego, California.
- Industry
- Consumer Electronics
- Sector
- Technology
- State
- NV
- Filer Category
- Accelerated filer
- Fiscal Year End
- December 31
- Website
- turtlebeach.com
Price History
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
$224.05M
P/E (annual)
16.2
P/S (annual)
0.7
P/B
2.8
P/OCF (annual)
6.3
Shareholder Yield
-65.8%
Employees
268
Industry
Consumer Electronics
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passTerry Smith quality gate
Passes 1/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
-6.0%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 65.8% — per-share value needs a total required return of 59.9% once share-count change is priced in.
vs. own 6-year median revenue growth: 92.7%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
-9.4%
r = 10% (base)
-6.0%
r = 12%
-2.9%
Net debt / market cap: 24.5%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
Disclosure regression check
A previously-disclosed line item is no longer reported. Worth checking the filing for why.
Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.55
Primary signal (Novy-Marx).
2nd of 5 SIC 3669 peers
Return on equity
19.5%
Gross margin
37.3%
5th of 5 SIC 3669 peers
Revenue growth (YoY)
114.5%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2013 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.67
Current ratio
2.38×
2nd of 5 SIC 3669 peers
Quick ratio
1.09×
Net cash
-$62.79M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$34.04M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
1.16
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
1.9%
Stock-based comp intensity.
Piotroski F-Score
F-Score
7 / 9
Fundamental-strength score (0-9).