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TIC Solutions, Inc. (TIC) 10-Year Financial Performance & Capital Metrics

TIC • • Industrial / General
IndustrialsBusiness ServicesProfessional & Technical ServicesTechnical Inspection & Engineering
AboutTIC Solutions, Inc. engages in providing nondestructive testing, inspection, engineering and lab testing services. It operates through the United States and Canada segments. The company was founded in 1974 and is headquartered in Tomball, TX.Show more
  • Revenue $1.1B +4.5%
  • EBITDA $46M -69.3%
  • Net Income -$121M -1826.5%
  • EPS (Diluted) -0.13 +89.6%
  • Gross Margin 24.21% +6.1%
  • EBITDA Margin 4.18% -70.6%
  • Operating Margin -4.3% -182.9%
  • Net Margin -11.04% -1743.4%
  • ROE -15.8% -860.0%
  • ROIC -2.49% -162.3%
  • Debt/Equity 0.71 -63.1%
  • Interest Coverage -0.67 -173.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Trading at only 1.2x book value

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Shares diluted 100.0% in last year

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-

EPS CAGR

10Y-
5Y-
3Y-
TTM-

ROCE

10Y Avg0.92%
5Y Avg0.92%
3Y Avg0.92%
Latest-2.9%

Peer Comparison

Technical Inspection & Engineering
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
OMEXOdyssey Marine Exploration, Inc.117.61M2.1131.68-4.37%-65.68%0.47%
YSXTYSX Tech. Co., Ltd30.5M1.377.6122.04%5.63%17.39%0.22
SMXSMX (Security Matters) Public Limited Company237.15M23.88-0.00-2.97%0.27
TISITeam, Inc.66.91M14.78-1.71-1.2%-5.95%-164.46%19.88%212.04
SPIRSpire Global, Inc.360.79M10.90-2.5613.15%39.52%22.97%
TICTIC Solutions, Inc.2.57B11.64-89.544.51%-11.04%-15.8%0.71

Profit & Loss

Dec 2023Dec 2024
Sales/Revenue+1.05B1.1B
Revenue Growth %-0.05%
Cost of Goods Sold+810.53M831.73M
COGS % of Revenue0.77%0.76%
Gross Profit+239.52M265.66M
Gross Margin %0.23%0.24%
Gross Profit Growth %-0.11%
Operating Expenses+185.02M312.88M
OpEx % of Revenue0.18%0.29%
Selling, General & Admin185.02M0
SG&A % of Revenue0.18%-
Research & Development00
R&D % of Revenue--
Other Operating Expenses0312.88M
Operating Income+54.5M-47.21M
Operating Margin %0.05%-0.04%
Operating Income Growth %--1.87%
EBITDA+149.32M45.88M
EBITDA Margin %0.14%0.04%
EBITDA Growth %--0.69%
D&A (Non-Cash Add-back)94.82M93.09M
EBIT55.74M-6.01M
Net Interest Income+-58.78M-70.44M
Interest Income1.24M0
Interest Expense60.02M70.44M
Other Income/Expense-58.78M-75.95M
Pretax Income+-4.28M-123.17M
Pretax Margin %-0%-0.11%
Income Tax+2.01M-2.01M
Effective Tax Rate %1.47%0.98%
Net Income+-6.29M-121.16M
Net Margin %-0.01%-0.11%
Net Income Growth %--18.26%
Net Income (Continuing)-6.29M-121.16M
Discontinued Operations00
Minority Interest00
EPS (Diluted)+-1.25-0.13
EPS Growth %-0.9%
EPS (Basic)-1.25-0.13
Diluted Shares Outstanding5.02M121.48M
Basic Shares Outstanding5.02M121.48M
Dividend Payout Ratio--

Balance Sheet

Dec 2023Dec 2024
Total Current Assets+333.91M394.24M
Cash & Short-Term Investments87.06M139.13M
Cash Only87.06M139.13M
Short-Term Investments00
Accounts Receivable233.24M236.52M
Days Sales Outstanding81.0878.67
Inventory00
Days Inventory Outstanding--
Other Current Assets13.61M18.58M
Total Non-Current Assets+928.7M1.81B
Property, Plant & Equipment134.71M219.23M
Fixed Asset Turnover7.80x5.01x
Goodwill511.5M845.94M
Intangible Assets264.33M740.66M
Long-Term Investments00
Other Non-Current Assets18.16M7.67M
Total Assets+1.26B2.21B
Asset Turnover0.83x0.50x
Asset Growth %-0.75%
Total Current Liabilities+112.88M106.33M
Accounts Payable32.79M18.02M
Days Payables Outstanding14.777.91
Short-Term Debt7.28M7.75M
Deferred Revenue (Current)00
Other Current Liabilities00
Current Ratio2.96x3.71x
Quick Ratio2.96x3.71x
Cash Conversion Cycle--
Total Non-Current Liabilities+767.73M950.24M
Long-Term Debt668.03M747.05M
Capital Lease Obligations38.06M40.75M
Deferred Tax Liabilities35.29M150.67M
Other Non-Current Liabilities26.35M11.76M
Total Liabilities880.62M1.06B
Total Debt+730M812.58M
Net Debt642.93M673.45M
Debt / Equity1.91x0.71x
Debt / EBITDA4.89x17.71x
Net Debt / EBITDA4.31x14.68x
Interest Coverage0.91x-0.67x
Total Equity+382M1.15B
Equity Growth %-2.01%
Book Value per Share76.029.48
Total Shareholders' Equity382M1.15B
Common Stock50K12K
Retained Earnings17.45M-106.99M
Treasury Stock-1.03M0
Accumulated OCI-796K-35.49M
Minority Interest00

Cash Flow

Dec 2023Dec 2024
Cash from Operations+95.81M23.07M
Operating CF Margin %0.09%0.02%
Operating CF Growth %--0.76%
Net Income-6.29M-121.16M
Depreciation & Amortization94.82M93.09M
Stock-Based Compensation4.97M0
Deferred Taxes-23.44M-22.36M
Other Non-Cash Items22.1M109.57M
Working Capital Changes3.65M-36.08M
Change in Receivables881K-5.01M
Change in Inventory00
Change in Payables2.92M-14.17M
Cash from Investing+-26.53M-1.89B
Capital Expenditures-22.14M-27.57M
CapEx % of Revenue0.02%0.03%
Acquisitions--
Investments--
Other Investing1.62M0
Cash from Financing+-49.18M1.42B
Debt Issued (Net)--
Equity Issued (Net)--
Dividends Paid-150M0
Share Repurchases--
Other Financing-2.84M0
Net Change in Cash--
Free Cash Flow+73.67M-4.51M
FCF Margin %0.07%-0%
FCF Growth %--1.06%
FCF per Share14.66-0.04
FCF Conversion (FCF/Net Income)-15.23x-0.19x
Interest Paid00
Taxes Paid00

Key Ratios

Metric20232024
Return on Equity (ROE)-1.65%-15.8%
Return on Invested Capital (ROIC)3.99%-2.49%
Gross Margin22.81%24.21%
Net Margin-0.6%-11.04%
Debt / Equity1.91x0.71x
Interest Coverage0.91x-0.67x
FCF Conversion-15.23x-0.19x
Revenue Growth-4.51%

Frequently Asked Questions

Growth & Financials

TIC Solutions, Inc. (TIC) reported $1.10B in revenue for fiscal year 2024. This represents a 5% increase from $1.05B in 2023.

TIC Solutions, Inc. (TIC) grew revenue by 4.5% over the past year. Growth has been modest.

TIC Solutions, Inc. (TIC) reported a net loss of $121.2M for fiscal year 2024.

Dividend & Returns

TIC Solutions, Inc. (TIC) has a return on equity (ROE) of -15.8%. Negative ROE indicates the company is unprofitable.

TIC Solutions, Inc. (TIC) had negative free cash flow of $4.5M in fiscal year 2024, likely due to heavy capital investments.

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