TIC Solutions, Inc (TIC) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TIC SEC filings page.
TIC Solutions, Inc (TIC) reported $2.1B in revenue over the twelve months to Jun 30, 2026. 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).
Scale is improving gross margins, but heavy noncash charges and financing costs still leave reported earnings negative.
The EBITDA-to-operating-income gap is wide: EBITDA was$161M , yet operating income was a loss of$17.1M , showing depreciation and amortization absorbs much of the operating performance. Cash conversion is better than net income suggests: operating cash flow reached$95.0M while the company reported a net loss of$87.1M , because noncash charges are added back to cash flow.
Revenue reached
Free cash flow was
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, Inc'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, Inc has an operating margin of -1.1%, meaning the company loses $1 on every $100 of revenue. This results in a profitability score of 31/100.
TIC Solutions, Inc'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, Inc 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, Inc holds $3.20 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 81/100.
TIC Solutions, Inc has a free cash flow margin of 4.0%, earning a moderate score of 40/100. The company generates positive cash flow after capital investments, but with room for improvement.
TIC Solutions, Inc 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 32/100.
TIC Solutions, Inc scores 0.98, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.9B) 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, Inc 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, Inc 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, Inc generated $584.3M in revenue in Q2 2026. This represents an increase of 86.1% from the same quarter a year earlier. Against the prior quarter it is up 19.7%.
TIC Solutions, Inc's EBITDA was $71.3M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 48.8% from the same quarter a year earlier. Against the prior quarter it is up 139.0%.
TIC Solutions, Inc reported -$13.3M in net income in Q2 2026. This represents a decrease of 5626.2% from the same quarter a year earlier. Against the prior quarter it is up 67.9%.
Not reported for Q2 2026.
Cash & Balance Sheet
TIC Solutions, Inc recorded an outflow of $29.5M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 103.0% from the same quarter a year earlier. Against the prior quarter it is down 796.6%.
TIC Solutions, Inc held $362.4M in cash against $1.6B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
TIC Solutions, Inc's gross margin was 34.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 11.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.9 percentage points.
TIC Solutions, Inc's operating margin was 1.9% in Q2 2026, reflecting core business profitability. This is down 4.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.8 percentage points.
TIC Solutions, Inc's net profit margin was -2.3% in Q2 2026, showing the share of revenue converted to profit. This is down 2.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.2 percentage points.
TIC Solutions, Inc's ROE was -0.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.
Capital Allocation
TIC Solutions, Inc invested $19.7M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 145.5% from the same quarter a year earlier. Against the prior quarter it is up 245.5%.
Not reported for Q2 2026.
Not reported for Q2 2026.
TIC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $584.3M+86.1% | $488.0M+108.4% | $508.3M | $473.9M+135.2% | $313.9M+1.5% | $234.2M | N/A | $201.5M |
| Cost of Revenue | $380.2M+58.5% | $326.7M+71.5% | $329.4M | $321.2M+110.9% | $239.8M+4.9% | $190.5M | N/A | $152.3M |
| Gross Profit | $204.2M+175.5% | $161.3M+269.4% | $178.9M | $152.7M+210.4% | $74.1M-8.1% | $43.7M | N/A | $49.2M |
| SG&A Expenses | $193.3M+246.7% | $150.3M+277.0% | $204.7M | $140.5M+35.3% | $55.8M-8.4% | $39.9M | N/A | $103.8M |
| Operating Income | $10.8M-40.9% | -$29.1M-207.9% | -$19.5M | -$6.5M+91.8% | $18.4M-7.1% | -$9.4M | N/A | -$79.2M |
| EBITDA | $71.3M+48.8% | $29.8M+55.6% | $49.6M | $44.6M+240.0% | $47.9M | $19.2M | N/A | -$31.9M |
| Interest Expense | $28.4M+83.6% | $29.0M+81.3% | $29.6M | $26.5M+98.9% | $15.5M-12.1% | $16.0M | N/A | $13.3M |
| Income Tax | -$3.2M-182.8% | -$16.5M-1223.4% | $129K | -$16.6M-689.7% | $3.9M-50.6% | $1.5M | N/A | -$2.1M |
| Net Income | -$13.3M-5626.2% | -$41.5M-61.1% | -$47.2M | -$13.9M+86.8% | -$233K+95.7% | -$25.8M | N/A | -$105.5M |
| EPS (Diluted) | N/A | N/A | N/A | -$0.08 | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: R&D Expenses, EPS (Basic), Diluted Shares (Avg).
TIC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.3B+91.4% | $4.3B+98.7% | $4.4B+99.1% | $4.2B+81.3% | $2.2B | $2.2B | $2.2B | $2.3B |
| Current Assets | $1.0B+154.1% | $1.0B+170.9% | $1.0B+159.0% | $791.9M | $399.1M | $376.7M | $394.2M | N/A |
| Cash & Equivalents | $362.4M+178.7% | $426.6M+173.9% | $439.5M+215.9% | $164.4M+18.2% | $130.1M-76.6% | $155.7M | $139.1M | $139.1M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $381.2M+48.0% | $344.2M+66.6% | $366.3M+72.3% | $376.9M | $257.6M | $206.7M | $212.6M | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $1.7B+89.5% | $1.6B+94.1% | $1.6B+95.0% | $1.6B | $876.8M | $849.0M | $845.9M | N/A |
| Total Liabilities | $2.2B+106.5% | $2.2B+109.1% | $2.2B+109.8% | $2.3B+103.2% | $1.1B | $1.1B | $1.1B | $1.1B |
| Current Liabilities | $348.2M+192.1% | $333.4M+208.9% | $319.0M+200.0% | $329.0M | $119.2M | $107.9M | $106.3M | N/A |
| Non-Current Liabilities | $1.8B+95.7% | $1.9B+97.7% | $1.9B+99.7% | $1.9B | $944.1M | $943.3M | $950.2M | N/A |
| Long-Term Debt | $1.6B+113.8% | $1.6B+112.9% | $1.6B+112.5% | $1.6B | $743.5M | $744.7M | $747.0M | N/A |
| Total Equity | $2.1B+77.8% | $2.1B+89.0% | $2.2B+89.4% | $2.0B+61.0% | $1.2B+112.1% | $1.1B | $1.2B | $1.2B |
| Retained Earnings | -$249.0M-87.2% | -$235.7M-77.5% | -$194.1M-81.4% | -$146.9M | -$133.0M | -$132.8M | -$107.0M | N/A |
Not reported in any period shown, so not listed: Inventory.
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$9.8M-50.6% | $9.9M-69.7% | $49.7M | $19.0M+623.7% | -$6.5M | $32.8M | N/A | $2.6M |
| Depreciation & Amortization | $60.4M+104.6% | $58.9M+105.9% | $69.1M | $51.1M+8.1% | $29.5M | $28.6M | $0 | $47.3M |
| Stock-Based Compensation | N/A | $12.9M+1066.4% | N/A | N/A | N/A | $1.1M | N/A | $64.6M |
| Capital Expenditures | $19.7M+145.5% | $5.7M+27.3% | $12.6M | $8.7M-34.3% | $8.0M | $4.5M | N/A | $13.2M |
| Free Cash Flow | -$29.5M-103.0% | $4.2M-85.1% | $37.1M | $10.3M+197.4% | -$14.5M | $28.3M | N/A | -$10.6M |
| Investing Cash Flow | -$25.1M-54.9% | -$8.3M+32.1% | -$17.6M | -$828.0M+54.9% | -$16.2M | -$12.2M | N/A | -$1.8B |
| Financing Cash Flow | -$27.9M-493.4% | -$12.9M-130.3% | $241.9M | $844.2M-40.3% | -$4.7M | -$5.6M | N/A | $1.4B |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
Not reported in any period shown, so not listed: Share Buybacks.
TIC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.9%+11.3pp | 33.1%+14.4pp | 35.2% | 32.2%+7.8pp | 23.6%-2.5pp | 18.6% | N/A | 24.4% |
| Operating Margin | 1.9%-4.0pp | -6.0%-1.9pp | -3.8% | -1.4%+37.9pp | 5.9%-0.5pp | -4.0% | N/A | -39.3% |
| Net Margin | -2.3%-2.2pp | -8.5%+2.5pp | -9.3% | -2.9%+49.4pp | -0.1%+1.7pp | -11.0% | N/A | -52.3% |
| Return on Equity | -0.6%-0.6pp | -1.9%+0.3pp | -2.2% | -0.7%+8.0pp | 0.0%+1.0pp | -2.3% | N/A | -8.7% |
| Return on Assets | -0.3%-0.3pp | -1.0%+0.2pp | -1.1% | -0.3%+4.2pp | 0.0% | -1.2% | N/A | -4.5% |
| Current Ratio | 2.91-0.4x | 3.06-0.4x | 3.20-0.5x | 2.41 | 3.35 | 3.49 | 3.71 | N/A |
| Debt-to-Equity | 0.76+0.1x | 0.74+0.1x | 0.73+0.1x | 0.82-0.1x | 0.63 | 0.66 | 0.65 | 0.92 |
| Asset Turnover | 0.140.0x | 0.110.0x | 0.12 | 0.110.0x | 0.14 | 0.11 | N/A | 0.09 |
| FCF Margin | -5.0%-0.4pp | 0.9%-11.2pp | 7.3% | 2.2%+7.4pp | -4.6% | 12.1% | N/A | -5.3% |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| TIC Solutions, Inc TIC | FY2025 | $1.5B | -$87.1M | -5.7% | $1.9B | 48/100 |
| First Advantage Corporation FA | FY2025 | $1.6B | -$34.8M | -2.2% | $3.2B | 54/100 |
| Unifirst Corp UNF | FY2025 | $2.4B | $148.3M | 6.1% | $4.6B | 63/100 |
| CBIZ, Inc. CBZ | FY2025 | $2.8B | $115.4M | 4.2% | $3.0B | 50/100 |
| ABM Industries, Inc. ABM | FY2025 | $8.7B | $162.4M | 1.9% | $2.9B | 42/100 |
| AZZ Inc. AZZ | FY2026 | $1.7B | $317.3M | 19.2% | $4.2B | 63/100 |
Where TIC Solutions, Inc Ranks
Frequently Asked Questions
What is TIC Solutions, Inc's annual revenue?
TIC Solutions, Inc (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, Inc profitable?
No, TIC Solutions, Inc (TIC) reported a net income of -$87.1M in fiscal year 2025, with a net profit margin of -5.7%.
What is TIC Solutions, Inc's EBITDA?
TIC Solutions, Inc (TIC) had EBITDA of $161.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does TIC Solutions, Inc have?
As of fiscal year 2025, TIC Solutions, Inc (TIC) had $439.5M in cash and equivalents against $1.6B in long-term debt.
What is TIC Solutions, Inc's gross margin?
TIC Solutions, Inc (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, Inc's operating margin?
TIC Solutions, Inc (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, Inc's net profit margin?
TIC Solutions, Inc (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, Inc pay dividends?
Yes, TIC Solutions, Inc (TIC) paid $10.28 per share in dividends during fiscal year 2025.
What is TIC Solutions, Inc's return on equity (ROE)?
TIC Solutions, Inc (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, Inc's free cash flow?
TIC Solutions, Inc (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, Inc's operating cash flow?
TIC Solutions, Inc (TIC) generated $95.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are TIC Solutions, Inc's total assets?
TIC Solutions, Inc (TIC) had $4.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are TIC Solutions, Inc's capital expenditures?
TIC Solutions, Inc (TIC) invested $33.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is TIC Solutions, Inc's current ratio?
TIC Solutions, Inc (TIC) had a current ratio of 3.20 as of fiscal year 2025, which is generally considered healthy.
What is TIC Solutions, Inc's debt-to-equity ratio?
TIC Solutions, Inc (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, Inc's return on assets (ROA)?
TIC Solutions, Inc (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, Inc's P/E ratio?
TIC Solutions, Inc (TIC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $1.9B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is TIC Solutions, Inc's price-to-sales ratio?
TIC Solutions, Inc (TIC) trades at 0.9x sales, its market capitalization divided by revenue of $2.1B revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.9B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is TIC Solutions, Inc's Altman Z-Score?
TIC Solutions, Inc (TIC) has an Altman Z-Score of 0.98, 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, Inc's earnings high quality?
TIC Solutions, Inc (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, Inc cover its interest payments?
TIC Solutions, Inc (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, Inc?
TIC Solutions, Inc (TIC) scores 48 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.