Interface Inc

Interface makes flooring, mainly for commercial buildings. Its core product is carpet tile, which is carpet sold in squares (usually 50 cm by 50 cm) and in planks rather than in rolls. Interface also sells luxury vinyl tile (LVT), a hard surface printed to look like wood or stone. It also sells nora rubber flooring and FLOR premium area rugs made from carpet tiles. The company was incorporated in Georgia in 1973. It began selling LVT in 2016 and acquired the German rubber-flooring maker nora systems in 2018.

Corporate offices are its largest market. It also sells to schools, hospitals, government buildings, shops, hotels, airports and homes. It sells directly to end users and through contractors, installers and distributors. It also courts the architects and designers who often choose the floor. Revenue for fiscal 2025, which ended December 28, 2025, was $1.39 billion. Gross margin was 38.7%. That is the share of sales left after the direct cost of making the products.

Interface reports two regional segments. The Americas (the US, Canada and Latin America) produced 61% of fiscal 2025 sales, about $844 million. The US alone made up 57% of revenue. Europe, Africa, Asia and Australia produced the other 39%, about $543 million. Carpet tile is made in Georgia, the Netherlands, the UK, China and Australia. Rubber flooring is made in Germany. An outside manufacturer in South Korea makes the LVT.

• In Q2 FY2026 (ended Jul 5, 2026), revenue was $395.7M, up 5.4% from a year earlier, and net income was $51.4M (+57.9%).
• For fiscal 2025, revenue was $1.39B (+5.4% year over year; +4.7% a year from FY2020 to FY2025) with a 8.4% net margin.

• Over FY2021–FY2025: $35.3M in buybacks and $12.9M in dividends.
• Regular dividend per share increased 1 years in a row.
• Regular dividends per share grew -8.8% a year over 5 years (FY2020–FY2025).
• Dividends took 3.1% of earnings and 2.9% of free cash flow in the latest fiscal year.
• Shares outstanding changed -2.1% from Nov 4, 2021 to Aug 6, 2026.

Rank among 1514 US companies

Market value at each year end

Interface’s market value went from $1.20B at the end of 2016 to $2.08B on Oct 28, 2026, up 73%; since the end of 2025 it is up 27%.

Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 0 open-market purchases and 15 sales ($6.5M), 8 of them under pre-arranged 10b5-1 trading plans.

Large shareholders (13G filings)

ETFs with the most weight in TILE

1. Few suppliers for yarn and vinyl tile. Interface gets nylon yarn mainly from two major global suppliers and relies on one outside manufacturer in South Korea for its LVT. Losing or disrupting either source could hurt sales and raise costs.
2. Reliance on one outside design firm. David Oakey Designs guides Interface's internal design team under an exclusive consulting contract that either side can end with six months' notice. Interface often competes on design, so losing that relationship could hurt sales.
3. Exposed to the office construction cycle. Corporate offices are Interface's largest market, and its annual report cites significant pressure on office markets worldwide. When the economy weakens, new construction and renovation slow, and flooring orders can fall.
4. Tariffs, input costs and currency swings. Tariffs, duties, shipping and raw material costs can squeeze profits if Interface cannot pass them on to customers. With 43% of fiscal 2025 sales outside the US, a stronger dollar also shrinks reported results.
5. Larger, better-funded competitors. Interface competes with many flooring makers, including large diversified companies with more money to spend. When rivals add capacity, prices can fall, and rivals may close the gap on design or sustainability.
6. Debt the company calls substantial. As of July 5, 2026, Interface had about $204 million of debt and $82 million of cash and investments. Paying interest and principal takes cash, and the company may borrow more, which would raise this risk.

• Aug 11, 2026 Investor presentation or announcement
• Aug 7, 2026 Quarterly results released; Investor presentation or announcement
• Jun 4, 2026 Executive or board change
• May 20, 2026 Shareholder vote results
• May 8, 2026 Quarterly results released; Investor presentation or announcement
• Feb 24, 2026 Quarterly results released; Investor presentation or announcement
• Dec 3, 2025 Major agreement signed; Major agreement ended; New debt or financial obligation
• Nov 18, 2025 Debt obligation accelerated
• Oct 31, 2025 Quarterly results released; Investor presentation or announcement

Interface pays a dividend, but a tiny one. It paid $0.06 a share in fiscal 2025, up from $0.04 in each of the four prior years. That is still below the $0.095 paid in fiscal 2020, so its streak of increases is one year. The dividend used about 3% of earnings and 3% of free cash flow (the cash left after running and investing in the business). The yield was 0.31% as of October 28, 2026, so income seekers would get little cash, and returns would depend mainly on the share price. Interface has spent more on buybacks: $35.3 million in fiscal 2021–2025, versus $12.9 million on dividends.

The stock has fallen hard in downturns. Measured from peak to low, it dropped 91.9% in the 2008 financial crisis, 66.3% in the 2020 COVID crash and 45.1% in the 2022 bear market. It regained its earlier peak about 26, 14.5 and 17.6 months after each low. Single stocks carry more risk than diversified funds.