TIC Solutions, Inc. (TIC)
Established in 1974 and headquartered in Tomball, Texas, TIC Solutions, Inc. delivers a comprehensive suite of services encompassing nondestructive testing, inspection, engineering, and laboratory analysis. The company's operations extend across both the United States and Canada.
Sector: Services-Business Services, NEC
Industry: Specialty Business Services
TIC Solutions, Inc.
NYSE:TICIndustrials · Specialty Business Services
+1.57%$9.70
AH Close$9.70+0.00%vs close
AH Close$9.70+0.00%vs close
Mkt Cap$2.12B
Float145.29M
O/S218.22M
Inst Own85.7%
SI14.5%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.53B
Net Income-$87.12M
Total Assets$4.4B
Free Cash Flow$61.26M
Debt & Equity
Debt 44%
Equity 56%
Total Debt$1.71B
Total Equity$2.18B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in TIC's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$4.4B
Liabilities$2.22B
Accounts Receivable$520.73M
Accounts Payable$60.43M
Inventory$0
PP&E (Net)$315.83M
Goodwill$1.65B
Intangible Assets$1.39B
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Revenue | $1.53B | $1.1B | $1.05B | $928.33M |
| YoY Growth | 39.4% | 4.5% | 13.1% | - |
| Cost of Revenue | $1.08B | $831.73M | $810.53M | $725.38M |
| Gross Profit | $449.36M | $265.66M | $239.52M | $202.95M |
| Gross Margin | 29.4% | 24.2% | 22.8% | 21.9% |
| Research and Development | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $440.83M | $0 | $185.02M | $168.23M |
| Other | $0 | $312.88M | $0 | $0 |
| Total Operating Expenses | $440.83M | $312.88M | $185.02M | $168.23M |
| Operating Income (EBIT) | $8.53M | -$47.21M | $54.5M | $34.72M |
| Operating Margin | 0.6% | -4.3% | 5.2% | 3.7% |
| Interest Expense | $87.62M | $70.44M | $60.02M | $24.16M |
| Interest Income | $0 | $0 | $1.24M | $12.89M |
| Other Income (Expense) | -$106.7M | -$75.95M | -$58.78M | -$11.27M |
| Income Before Tax (EBT) | -$98.17M | -$123.17M | -$4.28M | $23.45M |
| Income Tax Expense | -$11.06M | -$2.01M | $2.01M | $3.41M |
| Net Income | -$87.12M | -$121.16M | -$6.29M | $20.04M |
| Net Income Margin | -5.7% | -11.0% | -0.6% | 2.2% |
| Supplementary Data | ||||
| EPS | -0.60 | -1.00 | -1.25 | 3.99 |
| Diluted EPS | -0.59 | -1.00 | -1.25 | 3.93 |
| Weighted Average OS | 156.60M | 121.48M | 5.02M | 5.03M |
| EBITDA | $167.78M | $87.08M | $150.56M | $134.05M |
| EBITDA Margin | 11.0% | 7.9% | 14.3% | 14.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Assets | |||
| Current Assets | |||
| Cash and Cash Equivalents | $439.54M | $139.13M | $87.06M |
| Short-Term Investments | $0 | $0 | $0 |
| Cash and Short-Term Investments | $439.54M | $139.13M | $87.06M |
| Accounts Receivable | $520.73M | $236.52M | $233.24M |
| Inventory | $0 | $0 | $0 |
| Other Current Assets | $60.77M | $18.58M | $13.61M |
| Total Current Assets | $1.02B | $394.24M | $333.91M |
| Long-Term Assets | |||
| Property, Plant & Equipment Net | $315.83M | $219.23M | $134.71M |
| Goodwill | $1.65B | $845.94M | $511.5M |
| Intangible Assets | $1.39B | $740.66M | $264.33M |
| Long-Term Investments | $0 | $0 | $0 |
| Deferred Tax Assets | $1.44M | $0 | $0 |
| Other Long-Term Assets | $17.02M | $7.67M | $18.16M |
| Total Long-Term Assets | $3.38B | $1.81B | $928.7M |
| Other Assets | $0 | $0 | $0 |
| Total Assets | $4.4B | $2.21B | $1.26B |
| Liabilities | |||
| Current Liabilities | |||
| Accounts Payable | $60.43M | $18.02M | $32.79M |
| Short-Term Debt | $25.51M | $7.75M | $7.28M |
| Current Income Tax Payable | $0 | $7.03M | $9.75M |
| Current Unearned Revenue | $47.85M | $0 | $0 |
| Other Current Liabilities | $40.7M | $0 | $0 |
| Total Current Liabilities | $318.99M | $106.33M | $112.88M |
| Long-Term Liabilities | |||
| Long-Term Debt | $1.59B | $747.05M | $668.03M |
| Long-Term Unearned Revenue | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $222.96M | $150.67M | $35.29M |
| Other Long-Term Liabilities | $20.71M | $11.76M | $26.35M |
| Total Long-Term Liabilities | $1.9B | $950.24M | $767.73M |
| Other Liabilities | $0 | $0 | $0 |
| Total Liabilities | $2.22B | $1.06B | $880.62M |
| Stockholders' Equity | |||
| Preferred Stock | $0 | $0 | $0 |
| Common Stock | $21K | $12K | $50K |
| Retained Earnings | -$194.1M | -$106.99M | $17.45M |
| Comprehensive Income & Other | $11.06M | -$35.49M | -$796K |
| Other Stockholders' Equity | $2.37B | $1.26B | $364.5M |
| Total Equity | $2.18B | $1.15B | $382M |
| Minority Interest | $0 | $0 | $0 |
| Total Liabilities and Equity | $4.4B | $2.21B | $1.26B |
| Supplementary Data | |||
| Total Debt | $1.71B | $812.58M | $730M |
| Net Debt | $1.27B | $673.45M | $642.93M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Operating Activities | ||||
| Net Income | -$87.12M | -$121.16M | -$6.29M | $20.04M |
| Depreciation & Amortization | $178.33M | $93.09M | $94.82M | $86.44M |
| Deferred Income Tax | -$32.97M | -$22.36M | -$23.44M | -$20.37M |
| Stock-Based Compensation | $17.16M | $0 | $4.97M | $2.56M |
| Changes in Working Capital: | ||||
| Accounts Receivable | $41.08M | -$5.01M | $881K | -$38.8M |
| Inventory | $0 | $0 | $0 | $0 |
| Accounts Payable | -$1.44M | -$14.17M | $2.92M | -$3.5M |
| Other Working Capital | -$44.93M | -$16.89M | -$148K | $2.36M |
| Total Working Capital Change | -$5.29M | -$36.08M | $3.65M | -$39.94M |
| Other Non-Cash Items | $24.91M | $109.57M | $22.1M | -$8.75M |
| Net Cash from Operating | $95.02M | $23.07M | $95.81M | $39.98M |
| Investing Activities | ||||
| Capital Expenditures | -$33.76M | -$27.57M | -$22.14M | -$23.07M |
| Acquisitions | -$845.02M | -$1.87B | -$6.01M | -$45.58M |
| Purchases of Investments | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 |
| Other Investing Activities | $4.69M | $0 | $1.62M | $978K |
| Net Cash from Investing | -$874.09M | -$1.89B | -$26.53M | -$67.67M |
| Financing Activities | ||||
| Debt Repaid | -$825.27M | -$755.53M | -$103.67M | -$36.81M |
| Common Stock Issuance | $250.45M | $666.63M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | -$753K |
| Dividends Paid | $0 | $0 | -$150M | $0 |
| Other Financing Activities | $0 | $0 | -$2.84M | -$91K |
| Net Cash from Financing | $1.08B | $1.42B | -$49.18M | $35.97M |
| Forex Effect | $3.75M | $583.88M | $4.38M | -$5.63M |
| Net Change in Cash | $300.4M | $136.47M | $24.48M | $2.65M |
| Supplementary Data | ||||
| Operating Cash Flow | $95.02M | $23.07M | $95.81M | $39.98M |
| Capital Expenditure | -$33.76M | -$27.57M | -$22.14M | -$23.07M |
| Free Cash Flow | $61.26M | -$4.51M | $73.67M | $16.91M |
| Cash at Beginning | $139.13M | $2.66M | $62.59M | $59.94M |
| Cash at End | $439.54M | $139.13M | $87.06M | $62.59M |