Tic Solutions Financials
This page shows Tic Solutions (TIC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Tic Solutions has an operating margin of -1.1%, meaning the company retains $-1 of operating profit per $100 of revenue. This below-average margin results in a low score of 20/100, suggesting thin profitability after operating expenses.
Tic Solutions's revenue surged 45.7% year-over-year to $1.5B, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Tic Solutions carries a low D/E ratio of 0.73, meaning only $0.73 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 87/100, indicating a strong balance sheet with room for future borrowing.
Tic Solutions's current ratio of 3.20 indicates adequate short-term liquidity, earning a score of 62/100. The company can meet its near-term obligations, though with limited headroom.
Tic Solutions has a free cash flow margin of 4.0%, earning a moderate score of 35/100. The company generates positive cash flow after capital investments, but with room for improvement.
Tic Solutions generates a -4.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 2/100.
For every $1 of reported earnings, Tic Solutions generates $-1.09 in operating cash flow ($95.0M OCF vs -$87.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Tic Solutions earns $-0.2 in operating income for every $1 of interest expense (-$17.1M vs $87.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Tic Solutions generated $1.5B in revenue in fiscal year 2025. This represents an increase of 45.7% from the prior year.
Tic Solutions's EBITDA was $161.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
Tic Solutions reported -$87.1M in net income in fiscal year 2025.
Cash & Balance Sheet
Tic Solutions generated $61.3M in free cash flow in fiscal year 2025, representing cash available after capex.
Tic Solutions held $439.5M in cash against $1.6B in long-term debt as of fiscal year 2025.
Tic Solutions paid $10.28 per share in dividends in fiscal year 2025.
Tic Solutions had 220M shares outstanding in fiscal year 2025.
Margins & Returns
Tic Solutions's gross margin was 29.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 6.6 percentage points from the prior year.
Tic Solutions's operating margin was -1.1% in fiscal year 2025, reflecting core business profitability.
Tic Solutions's net profit margin was -5.7% in fiscal year 2025, showing the share of revenue converted to profit.
Tic Solutions's ROE was -4.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
Tic Solutions invested $33.8M in capex in fiscal year 2025, funding long-term assets and infrastructure.
TIC Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|
| Revenue | $508.3M+7.3% | $473.9M+51.0% | $313.9M+34.0% | $234.2M | N/A | $201.5M-34.9% | $309.3M |
| Cost of Revenue | $329.4M+2.6% | $321.2M+33.9% | $239.8M+25.9% | $190.5M | N/A | $152.3M-33.4% | $228.7M |
| Gross Profit | $178.9M+17.1% | $152.7M+106.1% | $74.1M+69.7% | $43.7M | N/A | $49.2M-39.0% | $80.6M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $192.6M+37.1% | $140.5M+154.3% | $55.2M+5.3% | $52.5M | N/A | $103.8M+70.6% | $60.9M |
| Operating Income | -$19.5M-199.3% | -$6.5M-135.5% | $18.4M+294.4% | -$9.4M | N/A | -$79.2M-501.0% | $19.7M |
| Interest Expense | $29.6M+11.8% | $26.5M+71.6% | $15.5M-3.5% | $16.0M | N/A | $13.3M-24.1% | $17.6M |
| Income Tax | $129K+100.8% | -$16.6M-523.6% | $3.9M+166.8% | $1.5M | N/A | -$2.1M-126.5% | $7.9M |
| Net Income | -$47.2M-239.8% | -$13.9M-5861.4% | -$233K+99.1% | -$25.8M | N/A | -$105.5M-1834.9% | -$5.5M |
| EPS (Diluted) | N/A | $-0.08 | N/A | N/A | N/A | N/A | N/A |
TIC Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|
| Total Assets | $4.4B+4.2% | $4.2B+88.2% | $2.2B+2.8% | $2.2B-1.2% | $2.2B-5.2% | $2.3B | N/A |
| Current Assets | $1.0B+28.9% | $791.9M+98.4% | $399.1M+6.0% | $376.7M-4.5% | $394.2M | N/A | N/A |
| Cash & Equivalents | $439.5M+167.3% | $164.4M+26.4% | $130.1M-16.5% | $155.7M+11.9% | $139.1M0.0% | $139.1M-75.0% | $556.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $366.3M-2.8% | $376.9M+46.3% | $257.6M+24.7% | $206.7M-2.8% | $212.6M | N/A | N/A |
| Goodwill | $1.6B+5.4% | $1.6B+78.4% | $876.8M+3.3% | $849.0M+0.4% | $845.9M | N/A | $0 |
| Total Liabilities | $2.2B-2.3% | $2.3B+113.5% | $1.1B+1.1% | $1.1B-0.5% | $1.1B-5.4% | $1.1B | N/A |
| Current Liabilities | $319.0M-3.0% | $329.0M+176.0% | $119.2M+10.4% | $107.9M+1.5% | $106.3M | N/A | N/A |
| Long-Term Debt | $1.6B-0.2% | $1.6B+114.0% | $743.5M-0.2% | $744.7M-0.3% | $747.0M | N/A | N/A |
| Total Equity | $2.2B+11.7% | $2.0B+65.4% | $1.2B+4.4% | $1.1B-1.9% | $1.2B-5.0% | $1.2B+117.9% | $555.9M |
| Retained Earnings | -$194.1M-32.1% | -$146.9M-10.4% | -$133.0M-0.2% | -$132.8M-24.1% | -$107.0M | N/A | N/A |
TIC Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $49.7M+161.2% | $19.0M+393.3% | -$6.5M-119.8% | $32.8M | N/A | $2.6M | N/A |
| Capital Expenditures | $12.6M+44.6% | $8.7M+8.4% | $8.0M+79.1% | $4.5M | N/A | $13.2M | N/A |
| Free Cash Flow | $37.1M+259.2% | $10.3M+171.2% | -$14.5M-151.2% | $28.3M | N/A | -$10.6M | N/A |
| Investing Cash Flow | -$17.6M+97.9% | -$828.0M-5013.2% | -$16.2M-32.6% | -$12.2M | N/A | -$1.8B | N/A |
| Financing Cash Flow | $241.9M-71.3% | $844.2M+18049.7% | -$4.7M+16.1% | -$5.6M | N/A | $1.4B | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | $0 | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TIC Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 35.2%+3.0pp | 32.2%+8.6pp | 23.6%+5.0pp | 18.6% | N/A | 24.4%-1.6pp | 26.1% |
| Operating Margin | -3.8%-2.5pp | -1.4%-7.2pp | 5.9%+9.9pp | -4.0% | N/A | -39.3%-45.7pp | 6.4% |
| Net Margin | -9.3%-6.4pp | -2.9%-2.9pp | -0.1%+10.9pp | -11.0% | N/A | -52.3%-50.6pp | -1.8% |
| Return on Equity | -2.2%-1.5pp | -0.7%-0.7pp | -0.0%+2.3pp | -2.3% | N/A | -8.7%-7.7pp | -1.0% |
| Return on Assets | -1.1%-0.7pp | -0.3%-0.3pp | -0.0%+1.2pp | -1.2% | N/A | -4.5% | N/A |
| Current Ratio | 3.20+0.8 | 2.41-0.9 | 3.35-0.1 | 3.49-0.2 | 3.71 | N/A | N/A |
| Debt-to-Equity | 0.73-0.1 | 0.82+0.2 | 0.63-0.0 | 0.66+0.0 | 0.65-0.3 | 0.92 | N/A |
| FCF Margin | 7.3%+5.1pp | 2.2%+6.8pp | -4.6%-16.7pp | 12.1% | N/A | -5.3% | N/A |
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Frequently Asked Questions
What is Tic Solutions's annual revenue?
Tic Solutions (TIC) reported $1.5B in total revenue for fiscal year 2025. This represents a 45.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Tic Solutions's revenue growing?
Tic Solutions (TIC) revenue grew by 45.7% year-over-year, from $1.1B to $1.5B in fiscal year 2025.
Is Tic Solutions profitable?
No, Tic Solutions (TIC) reported a net income of -$87.1M in fiscal year 2025, with a net profit margin of -5.7%.
What is Tic Solutions's EBITDA?
Tic Solutions (TIC) had EBITDA of $161.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Tic Solutions have?
As of fiscal year 2025, Tic Solutions (TIC) had $439.5M in cash and equivalents against $1.6B in long-term debt.
What is Tic Solutions's gross margin?
Tic Solutions (TIC) had a gross margin of 29.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Tic Solutions's operating margin?
Tic Solutions (TIC) had an operating margin of -1.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Tic Solutions's net profit margin?
Tic Solutions (TIC) had a net profit margin of -5.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Tic Solutions pay dividends?
Yes, Tic Solutions (TIC) paid $10.28 per share in dividends during fiscal year 2025.
What is Tic Solutions's return on equity (ROE)?
Tic Solutions (TIC) has a return on equity of -4.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Tic Solutions's free cash flow?
Tic Solutions (TIC) generated $61.3M in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Tic Solutions's operating cash flow?
Tic Solutions (TIC) generated $95.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Tic Solutions's total assets?
Tic Solutions (TIC) had $4.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Tic Solutions's capital expenditures?
Tic Solutions (TIC) invested $33.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Tic Solutions's current ratio?
Tic Solutions (TIC) had a current ratio of 3.20 as of fiscal year 2025, which is generally considered healthy.
What is Tic Solutions's debt-to-equity ratio?
Tic Solutions (TIC) had a debt-to-equity ratio of 0.73 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Tic Solutions's return on assets (ROA)?
Tic Solutions (TIC) had a return on assets of -2.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Are Tic Solutions's earnings high quality?
Tic Solutions (TIC) has an earnings quality ratio of -1.09x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Tic Solutions cover its interest payments?
Tic Solutions (TIC) has an interest coverage ratio of -0.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Tic Solutions?
Tic Solutions (TIC) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.