TBCH · Nasdaq · Technology
Turtle Beach Corporation (TBCH) — Rank #63 by gross profitability (GP/assets 0.55) · ROE 19.5% · Piotroski F-Score 7 / 9.
As-of 2026-10-30 · 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.
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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
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
—
P/E (annual)
—
P/S (annual)
—
P/B
—
P/OCF (annual)
—
Shareholder Yield
—
Employees
268
Industry
Consumer Electronics
Exchange
Nasdaq
11/12
Flags passed
TBCH fails 1 critical flag
Passes 11 of 12 quality flags
- FAILRevenue declining YoY
Revenue contracted year over year
- PASSGross margin holding
- PASSDilution within 2%
- PASSFCF not negative from investment
- PASSDisclosure consistent
- PASSOperating margin holding
- PASSFree cash flow intact
- PASSPasses safety gate
- PASSBalance sheet stable
- PASSNo competitive retreat
- PASSSBC not compressing margin
- PASSNo valuation convergence
Strengths Operating leverage expanding
A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passFCF yield, shareholder yield, and buyback activity are the primary reads at this stage.
Profitability
Does it make money well?
Warning: Revenue declining YoY · GP/assets 0.55
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)
-14.2%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
10.0%
Revenue CAGR (5Y)
-2.3%
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
—
Cash Flow Health
Is the cash real?
No warning flags · FCF 116% above net income
Free cash flow
$34.04M
Operating cash flow minus capex.
Positive free cash flow
FCF vs net income
116.4%
(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.
FCF not below net income
Fails when free cash flow is below net income (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
1.9%
Stock-based comp intensity.
Balance Sheet Strength
Can it survive a storm?
No warning flags · net debt $62.79M, F-Score 7/9
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.
Piotroski F-Score
7 / 9
Fundamental-strength score (0-9).
Valuation
Is the price reasonable?
No warning flags
Capital allocation quality
Composite score
2.7 / 5
Lifecycle Phase History
Price History
Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports