Logo

TIC

TIC Solutions, Inc.

TIC

TIC Solutions, Inc. • NYSE
$9.72 ▲ 1.99% (+0.19)
Market Cap $2.14 B
52w High $14.94
52w Low $8.76
Dividend Yield 0%
P/E -7.84
Volume 1.51M
Outstanding Shares 220.56M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $473.888M ▲ $159.24M ▲ $-13.89M ▼ -2.931% ▼ $-0.083 ▼ $65.009M ▲
Q2-2025 $313.925M ▲ $55.751M ▲ $-233K ▲ -0.074% ▲ $-0.002 ▲ $48.402M ▲
Q1-2025 $234.215M $53.109M $-25.793M -11.013% $-0.21 $19.81M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $164.432M ▲ $4.22B ▲ $2.27B ▲ $1.951B ▲
Q2-2025 $130.056M ▼ $2.242B ▲ $1.063B ▲ $1.179B ▲
Q1-2025 $155.739M ▲ $2.18B ▼ $1.051B ▼ $1.129B ▼
Q4-2024 $139.134M ▲ $2.208B ▲ $1.057B ▲ $1.151B ▲
Q4-2023 $87.061M $1.263B $880.616M $381.999M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-18.618M ▼ $2.417M ▲ $-1.125B ▼ $1.167B ▲ $91.311M ▲ $-13.28M ▲
Q2-2025 $-233K ▲ $-6.487M ▼ $-16.194M ▼ $-4.703M ▲ $-25.683M ▼ $-14.505M ▼
Q1-2025 $-25.793M $32.792M $-12.213M $-5.605M $16.605M $28.316M

Five-Year Company Overview

Income Statement

Income Statement TIC is still in an early, transition phase financially. The core business appears able to generate a modest operating profit from a small revenue base, which suggests the underlying service model can work. However, once you include interest and other below‑the‑line costs, the company is still losing money overall. Profitability looks fragile, with thin cushions against setbacks. Near‑term results are likely to be sensitive to integration costs from the NV5 deal and to how quickly they can scale revenue across the combined platform.

Balance Sheet

Balance Sheet The balance sheet shows a reasonable asset base and positive equity, but also a meaningful layer of debt relative to its size and only a modest cash buffer. This means the company has some financial flexibility, but not a great deal of room for prolonged weak performance. Debt management and refinancing risk matter here, especially so soon after a major acquisition and a SPAC listing. The balance sheet is not distressed, but it requires disciplined capital allocation and steady earnings improvement.

Cash Flow

Cash Flow Cash generation is essentially at breakeven, with only a small shortfall once you factor in investment spending. That tells you the business is close to funding itself from operations but still leans on external capital or the balance sheet to support growth and investment. Until operating cash flow clearly and consistently covers both day‑to‑day needs and capital spending, there is some execution risk. Stronger, more predictable cash flow will be important to comfortably service debt and support further expansion.

Competitive Edge

Competitive Edge TIC’s core strength lies in providing mission‑critical, compliance‑driven services that customers cannot easily postpone, such as asset integrity inspections and regulatory testing. This creates recurring demand and a degree of resilience through economic cycles. The merger with NV5 broadens the company’s reach across industries and geographies, and deepens its ability to offer end‑to‑end solutions—from engineering and design through inspection and maintenance. Long‑standing client relationships, safety reputation, and diversification across energy, infrastructure, and industrial markets strengthen its competitive position, though integration risk and competition from larger global TICC players remain important watch points.

Innovation and R&D

Innovation and R&D The company leans heavily on being “tech‑enabled” rather than on traditional, labor‑only inspection work. It uses advanced non‑destructive testing techniques, proprietary geospatial analytics, and in‑house digital platforms to deliver faster, more data‑rich insights to customers. Cross‑trained rope‑access teams and integrated software for data capture and analysis help differentiate its service delivery. Looking ahead, further investment in analytics, artificial intelligence, and remote inspection is central to its story. The opportunity is to turn these tools into clear productivity gains and premium pricing; the risk is that benefits take longer or cost more to realize than planned.

Summary

TIC is a newly listed, acquisition‑driven platform in a steady, regulation‑anchored niche, with a clear push toward technology‑enhanced services. Strategically, it benefits from recurring, non‑discretionary demand, broader capabilities after merging with NV5, and a differentiated offering built around digital tools and integrated engineering plus inspection services. Financially, it is close to—but not yet at—consistent profitability and self‑funded growth, and it carries a noticeable amount of debt with only modest cash. The key variables to watch are: how smoothly the NV5 integration proceeds, whether margins improve as the combined business scales, the trend in operating cash flow and leverage, and how effectively TIC converts its technological edge and cross‑selling potential into durable earnings rather than one‑off gains.

NEWS

November 26, 2025 · 7:00 AM UTC

TIC Solutions Announces Upcoming Participation in the UBS Global Industrials & Transportation Conference

Read more

November 14, 2025 · 4:30 PM UTC

TIC Solutions Announces Upcoming Participation in the Raymond James Napa Valley Small Cap Symposium

Read more

November 12, 2025 · 7:00 AM UTC

TIC Solutions Reports Results for the Third Quarter 2025

Read more

November 6, 2025 · 7:00 AM UTC

TIC Solutions Announces Upcoming Participation in Baird's 2025 Global Industrial Conference

Read more

November 3, 2025 · 7:00 AM UTC

TIC Solutions Confirms Date for Third Quarter 2025 Earnings Release

Read more