Tic Solutions Financials
Tic Solutions (TIC) reported $1.5B in revenue for fiscal year 2025. This page shows its 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).
Revenue scale and better gross economics still are not reaching shareholders because overhead and financing costs absorb the gain.
Between FY2023 and FY2025, gross margin expanded from22.8% to29.4% , showing the added revenue carried better economics than before. But in FY2025, SG&A nearly matched gross profit at$440.8M versus$449.4M , so the business improved at the gross-profit line without yet translating that improvement into durable operating earnings.
FY2025's cash flow was better than earnings: despite a reported net loss, operating cash flow was
Near-term liquidity looks comfortable, with cash of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Tic Solutions's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Tic Solutions has an operating margin of -1.1%, meaning the company loses $1 on every $100 of revenue. This results in a profitability score of 36/100.
Tic Solutions's revenue surged 45.7% year-over-year to $1.5B, reflecting rapid business expansion. This strong growth earns a score of 94/100.
Tic Solutions has elevated debt relative to equity (D/E of 0.73), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 7/100, reflecting increased financial risk.
With a current ratio of 3.20, Tic Solutions holds $3.20 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 79/100.
Tic Solutions has a free cash flow margin of 4.0%, earning a moderate score of 43/100. The company generates positive cash flow after capital investments, but with room for improvement.
Tic Solutions posts a -4.0% return on equity (ROE), meaning it loses $4 for every $100 of shareholders' equity. This results in a returns score of 36/100.
Tic Solutions scores 1.03, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.1B) relative to total liabilities ($2.2B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Tic Solutions reported a net loss of $87.1M while generating $95.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Tic Solutions reported an operating loss of $17.1M against $87.6M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Tic Solutions generated $1.5B in revenue in fiscal year 2025.
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.
Not reported for 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.
Margins & Returns
Tic Solutions's gross margin was 29.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
TIC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY23 |
|---|---|---|---|
| Revenue | $2.1B | $1.5B | $1.1B |
| Cost of Revenue | $1.4B | $1.1B | $810.5M |
| Gross Profit | $697.0M | $449.4M | $239.5M |
| SG&A Expenses | $688.8M | $440.8M | N/A |
| Operating Income | -$44.2M | -$17.1M | N/A |
| Interest Expense | $113.5M | $87.6M | N/A |
| Income Tax | -$36.1M | -$11.1M | N/A |
| Net Income | -$116.0M | -$87.1M | N/A |
Not reported in any period shown, so not listed: R&D Expenses, EPS (Diluted).
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
No annual filing on record for: FY2024.
TIC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY23 |
|---|---|---|
| Total Assets | $4.4B | N/A |
| Current Assets | $1.0B | N/A |
| Cash & Equivalents | $439.5M | N/A |
| Accounts Receivable | $366.3M | N/A |
| Goodwill | $1.6B | N/A |
| Total Liabilities | $2.2B | N/A |
| Current Liabilities | $319.0M | N/A |
| Long-Term Debt | $1.6B | N/A |
| Total Equity | $2.2B | N/A |
| Retained Earnings | -$194.1M | N/A |
Not reported in any period shown, so not listed: Inventory.
No annual filing on record for: FY2024.
TIC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY23 |
|---|---|---|---|
| Operating Cash Flow | $68.9M | $95.0M | N/A |
| Capital Expenditures | $46.6M | $33.8M | N/A |
| Free Cash Flow | $22.2M | $61.3M | N/A |
| Investing Cash Flow | -$879.1M | -$874.1M | N/A |
| Financing Cash Flow | $1.0B | $1.1B | N/A |
| Dividends Paid | N/A | $0 | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
No annual filing on record for: FY2024.
TIC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY23 |
|---|---|---|
| Gross Margin | 29.4% | 22.8% |
| Operating Margin | -1.1% | N/A |
| Net Margin | -5.7% | N/A |
| Return on Equity | -4.0% | N/A |
| Return on Assets | -2.0% | N/A |
| Current Ratio | 3.20 | N/A |
| Debt-to-Equity | 0.73 | N/A |
| FCF Margin | 4.0% | N/A |
No annual filing on record for: FY2024.
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Where Tic Solutions Ranks
Frequently Asked Questions
What is Tic Solutions's annual revenue?
Tic Solutions (TIC) reported $1.5B in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
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.
What is Tic Solutions's Altman Z-Score?
Tic Solutions (TIC) has an Altman Z-Score of 1.03, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
Are Tic Solutions's earnings high quality?
Tic Solutions (TIC) reported a net loss of $87.1M while generating $95.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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) reported an operating loss of $17.1M against $87.6M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 49 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.