TETRA Technologies (TTI) 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 30, 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 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TTI SEC filings page.
TETRA Technologies, Inc. (TTI) reported $641.8M in revenue over the twelve months to Jun 30, 2026, up 5.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Operations improved beneath the surface, but heavy reinvestment and an unusual tax swing made reported earnings a poor guide to cash generation.
FY2025 operating income reached$55.4M and operating cash flow reached$100.4M , even as net income fell to$3.0M from$108.3M in FY2024. That gap reflects a below-operating-line distortion: income tax expense changed from a$84.9M benefit to a$22.3M expense, while the underlying operating engine strengthened.
The company is becoming more productive at the gross-profit and operating levels: FY2025 revenue grew
Capital intensity remains central to the model: FY2025 capital expenditures were
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. 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 TETRA Technologies, 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.
TETRA Technologies, Inc. has an operating margin of 8.8%, meaning the company retains $9 of operating profit per $100 of revenue. This results in a moderate score of 43/100, indicating healthy but not exceptional operating efficiency. This is up from 8.3% the prior year.
TETRA Technologies, Inc.'s revenue grew 5.3% year-over-year to $630.9M, a solid pace of expansion. This earns a growth score of 48/100.
TETRA Technologies, Inc. has a moderate D/E ratio of 0.62. This balance of debt and equity financing earns a leverage score of 42/100.
With a current ratio of 1.96, TETRA Technologies, Inc. holds $1.96 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 72/100.
TETRA Technologies, Inc. has a free cash flow margin of 3.1%, earning a moderate score of 31/100. The company generates positive cash flow after capital investments, but with room for improvement.
TETRA Technologies, Inc.'s ROE of 1.1% shows moderate profitability relative to equity, earning a score of 61/100. This is down from 42.5% the prior year.
TETRA Technologies, Inc. scores 2.47, placing it in the grey zone between 1.81 and 2.99. The largest contribution to the score comes from a market capitalization of $867.7M against total liabilities of $392.0M. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
TETRA Technologies, Inc. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
TETRA Technologies, Inc. reported $3.0M of net income while generating $100.4M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.
Key Financial Metrics
Earnings & Revenue
TETRA Technologies, Inc. generated $185.7M in revenue in Q2 2026. This represents an increase of 6.8% from the same quarter a year earlier. Against the prior quarter it is up 18.8%.
TETRA Technologies, Inc.'s EBITDA was $29.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 7.6% from the same quarter a year earlier. Against the prior quarter it is up 35.2%.
TETRA Technologies, Inc. reported $10.2M in net income in Q2 2026. This represents a decrease of 9.4% from the same quarter a year earlier. Against the prior quarter it is up 23.1%.
TETRA Technologies, Inc. earned $0.07 per diluted share (EPS) in Q2 2026. This represents a decrease of 12.5% from the same quarter a year earlier. Against the prior quarter it is up 16.7%.
Cash & Balance Sheet
TETRA Technologies, Inc. generated $11.1M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 61.6% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
TETRA Technologies, Inc. held $154.6M in cash against $175.2M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
TETRA Technologies, Inc.'s gross margin was 24.6% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 3.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.
TETRA Technologies, Inc.'s operating margin was 10.8% in Q2 2026, reflecting core business profitability. This is down 2.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.6 percentage points.
TETRA Technologies, Inc.'s net profit margin was 5.5% in Q2 2026, showing the share of revenue converted to profit. This is down 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.
TETRA Technologies, Inc.'s quarterly ROE was 2.5% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.4 percentage points.
Capital Allocation
TETRA Technologies, Inc. invested $23.3M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 19.6% from the same quarter a year earlier. Against the prior quarter it is up 22.6%.
Not reported for Q2 2026.
Not reported for Q2 2026.
TTI 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-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $185.7M+6.8% | $156.3M-0.6% | $146.7M+9.1% | $153.2M+8.1% | $173.9M+1.1% | $157.1M+4.1% | $134.5M-12.2% | $141.7M-6.4% |
| Cost of Revenue | $130.3M+12.0% | $108.9M+4.1% | $105.4M+12.1% | $107.4M+9.1% | $116.3M-3.0% | $104.6M-5.9% | $94.0M | $98.4M |
| Gross Profit | $45.7M-5.2% | $38.2M-10.9% | $28.4M-8.7% | $36.4M+5.8% | $48.2M+11.5% | $42.9M+38.0% | $31.1M+2.9% | $34.4M-9.4% |
| SG&A Expenses | $25.6M+1.3% | $25.4M+5.3% | $25.9M+12.1% | $25.2M+12.6% | $25.3M+14.1% | $24.1M+8.2% | $23.1M-0.9% | $22.4M-6.0% |
| Operating Income | $20.1M-12.4% | $12.8M-31.7% | $2.5M-68.7% | $11.1M-6.9% | $23.0M | $18.8M | $8.0M | $12.0M |
| EBITDA | $29.7M-7.6% | $22.0M-21.2% | $11.8M | $20.6M-0.8% | $32.2M | $27.9M | N/A | $20.8M |
| Interest Expense | $3.3M-22.1% | $3.2M-31.5% | N/A | $4.4M-12.7% | $4.2M-32.2% | $4.7M-20.6% | N/A | $5.1M-9.6% |
| Income Tax | $5.6M-30.9% | $3.3M+215.4% | $9.2Mn/m | $4.0M-16.7% | $8.1M+68.0% | $1.0M+172.9% | -$94.8M-15698.8% | $4.7M+280.1% |
| Net Income | $10.2M-9.4% | $8.3M+105.5% | -$16.5M-116.1% | $4.2Mn/m | $11.3M+47.9% | $4.0M+342.5% | $102.7Mn/m | -$3.0M-155.3% |
| EPS (Basic) | $0.07-12.5% | $0.06+100.0% | -$0.13-116.7% | $0.03n/m | $0.08+33.3% | $0.03+200.0% | $0.78n/m | -$0.02-150.0% |
| EPS (Diluted) | $0.07-12.5% | $0.06+100.0% | -$0.13-116.9% | $0.03n/m | $0.08+33.3% | $0.03+200.0% | $0.77n/m | -$0.02-150.0% |
| Diluted Shares (Avg) | 141M+5.4% | 137M+2.7% | N/A | 135M+2.1% | 133M+0.9% | 134M+1.2% | N/A | 132M0.0% |
Not reported in any period shown, so not listed: R&D Expenses.
TTI 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-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $800.1M+23.9% | $662.3M+7.9% | $675.8M+11.7% | $655.2M+30.7% | $645.6M+6.7% | $614.1M+1.5% | $605.2M+26.4% | $501.2M+6.1% |
| Current Assets | $411.0M+31.9% | $297.2M+2.1% | $316.7M+17.4% | $313.9M+12.7% | $311.6M+7.6% | $291.1M+1.2% | $269.6M-4.4% | $278.5M+3.0% |
| Cash & Equivalents | $154.6M+124.9% | $35.5M-13.5% | $72.6M+96.4% | $67.1M+38.9% | $68.7M+82.3% | $41.0M+14.1% | $37.0M-29.5% | $48.4M+43.0% |
| Short-Term Investments | $0 | $0 | $0 | N/A | N/A | N/A | N/A | N/A |
| Inventory | $117.1M+7.8% | $120.0M+12.7% | $115.7M+13.8% | $105.9M+8.3% | $108.5M+31.1% | $106.5M+12.9% | $101.7M+5.3% | $97.7M+6.1% |
| Accounts Receivable | $114.4M+3.7% | $115.8M-4.2% | $99.6M-5.0% | $116.4M+5.8% | $110.3M-21.7% | $120.9M-8.7% | $104.8M-6.2% | $110.0M-10.5% |
| Total Liabilities | $392.3M+10.6% | $375.5M+10.1% | $392.0M+11.8% | $358.5M+4.1% | $354.7M-21.2% | $341.1M-25.5% | $350.6M+6.1% | $344.5M+4.4% |
| Current Liabilities | $167.3M+32.4% | $147.1M+28.6% | $161.2M+30.7% | $133.3M+11.6% | $126.3M+5.0% | $114.4M-3.0% | $123.3M-2.1% | $119.4M-5.6% |
| Non-Current Liabilities | $226.3M-1.4% | $229.6M+0.7% | $232.1M+1.5% | $226.5M+0.1% | $229.6M+1.7% | $228.0M+0.3% | $228.5M+11.1% | $226.3M+10.5% |
| Long-Term Debt | $175.2M-2.9% | $175.9M-2.3% | $176.6M-1.7% | $180.9M+0.7% | $180.5M+0.5% | $180.1M+0.4% | $179.7M+14.1% | $179.7M+14.6% |
| Total Equity | $407.8M+40.2% | $286.9M+5.1% | $283.8M+11.5% | $296.7M+89.4% | $290.9M+87.9% | $273.0M+85.2% | $254.6M+71.3% | $156.7M+10.0% |
| Retained Earnings | -$146.9Mn/m | -$157.1Mn/m | -$165.4Mn/m | -$148.9Mn/m | -$153.1Mn/m | -$164.4Mn/m | -$168.4Mn/m | -$271.1Mn/m |
Not reported in any period shown, so not listed: Long-Term Investments, Goodwill.
TTI 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-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $34.4M-28.9% | -$11.9M-401.3% | $31.7M+463.0% | $16.4M-17.6% | $48.3M+94.6% | $3.9Mn/m | $5.6M-70.1% | $19.9M+42.2% |
| Depreciation & Amortization | $9.6M+4.5% | $9.2M+0.3% | $9.3M-0.9% | $9.5M+7.4% | $9.2M+4.7% | $9.2M+4.5% | $9.4M+8.5% | $8.8M+3.0% |
| Stock-Based Compensation | N/A | $1.8M-4.4% | N/A | N/A | N/A | $1.9M+14.6% | N/A | N/A |
| Capital Expenditures | $23.3M+19.6% | $19.0M+5.9% | $27.6M+85.6% | $15.7M+8.0% | $19.5M+26.6% | $18.0M+13.5% | $14.9M+88.2% | $14.6M+109.2% |
| Free Cash Flow | $11.1M-61.6% | -$30.9Mn/m | $4.1Mn/m | $627K-88.2% | $28.8M+205.6% | -$14.0Mn/m | -$9.3M-184.4% | $5.3M-24.4% |
| Investing Cash Flow | -$23.4Mn/m | -$18.7M-1492.4% | -$27.3Mn/m | -$15.7Mn/m | -$19.6Mn/m | $1.3Mn/m | -$14.6M-872.9% | -$13.4Mn/m |
| Financing Cash Flow | $108.5Mn/m | -$6.7Mn/m | $1.2Mn/m | -$2.0Mn/m | -$2.5Mn/m | -$2.1M-115.7% | -$1.1Mn/m | -$980Kn/m |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTI 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-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.6%-3.1pp | 24.5%-2.8pp | 19.4%-3.8pp | 23.7%-0.5pp | 27.8%+2.6pp | 27.3%+6.7pp | 23.2%+3.4pp | 24.3%-0.8pp |
| Operating Margin | 10.8%-2.4pp | 8.2%-3.7pp | 1.7%-4.2pp | 7.3%-1.2pp | 13.2% | 11.9% | 5.9% | 8.4% |
| Net Margin | 5.5%-1.0pp | 5.3%+2.7pp | -11.3%-87.6pp | 2.7%+4.8pp | 6.5%+2.1pp | 2.6%+2.0pp | 76.4%+78.9pp | -2.1%-5.7pp |
| Return on Equity | 2.5%-1.4pp | 2.9%+1.4pp | -5.8%-46.2pp | 1.4%+3.3pp | 3.9%-1.1pp | 1.5%+0.9pp | 40.4%+43.0pp | -1.9%-5.7pp |
| Return on Assets | 1.3%-0.5pp | 1.3%+0.6pp | -2.4%-19.4pp | 0.6%+1.2pp | 1.8%+0.5pp | 0.7%+0.5pp | 17.0%+17.8pp | -0.6%-1.8pp |
| Current Ratio | 2.460.0x | 2.02-0.5x | 1.96-0.2x | 2.350.0x | 2.47+0.1x | 2.54+0.1x | 2.19-0.1x | 2.33+0.2x |
| Debt-to-Equity | 0.43-0.2x | 0.610.0x | 0.62-0.1x | 0.61-0.5x | 0.62-0.5x | 0.66-0.6x | 0.71-0.4x | 1.150.0x |
| Liabilities-to-Equity | 0.96-0.3x | 1.31+0.1x | 1.380.0x | 1.21-1.0x | 1.22-1.7x | 1.25-1.9x | 1.38-0.8x | 2.20-0.1x |
| Asset Turnover | 0.230.0x | 0.240.0x | 0.220.0x | 0.230.0x | 0.270.0x | 0.260.0x | 0.22-0.1x | 0.280.0x |
| FCF Margin | 6.0%-10.6pp | -19.8%-10.8pp | 2.8%+9.7pp | 0.4%-3.3pp | 16.6%+11.1pp | -8.9%+10.7pp | -6.9%-14.0pp | 3.7%-0.9pp |
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. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| TETRA Technologies, Inc. TTI | FY2025 | $630.9M | $3.0M | 0.5% | $867.7M | 50/100 |
| Flotek Industries, Inc. FTK | FY2025 | $237.3M | $30.5M | 12.9% | $918.2M | 55/100 |
| Forum Energy Technologies, Inc. FET | FY2025 | $791.5M | -$9.7M | -1.2% | $974.5M | 43/100 |
| ProPetro Holding Corp. PUMP | FY2025 | $1.3B | $824K | 0.1% | $949.7M | 36/100 |
| ProFrac Holding Corp. ACDC | FY2025 | $1.9B | -$369.0M | -19.0% | $888.8M | 17/100 |
| Atlas Energy Solutions Inc. AESI | FY2025 | $1.1B | -$50.3M | -4.6% | $1.2B | 53/100 |
Where TETRA Technologies, Inc. Ranks
Frequently Asked Questions
TETRA Technologies, Inc. (TTI) reported $630.9M in total revenue for fiscal year 2025. This represents a 5.3% 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.
TETRA Technologies, Inc. (TTI) revenue grew by 5.3% year-over-year, from $599.1M to $630.9M in fiscal year 2025.
Yes, TETRA Technologies, Inc. (TTI) reported a net income of $6.2M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $3.0M, with a net profit margin of 0.5%.
TETRA Technologies, Inc. (TTI) had EBITDA of $92.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, TETRA Technologies, Inc. (TTI) had $72.6M in cash and equivalents against $176.6M in long-term debt.
TETRA Technologies, Inc. (TTI) had a gross margin of 24.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
TETRA Technologies, Inc. (TTI) had an operating margin of 8.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
TETRA Technologies, Inc. (TTI) had a net profit margin of 0.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
TETRA Technologies, Inc. (TTI) has a return on equity of 1.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
TETRA Technologies, Inc. (TTI) generated $19.5M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
TETRA Technologies, Inc. (TTI) generated $100.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
TETRA Technologies, Inc. (TTI) had $675.8M in total assets as of fiscal year 2025, including both current and long-term assets.
TETRA Technologies, Inc. (TTI) invested $80.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
TETRA Technologies, Inc. (TTI) had a current ratio of 1.96 as of fiscal year 2025, which is generally considered healthy.
TETRA Technologies, Inc. (TTI) had a debt-to-equity ratio of 0.62 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
TETRA Technologies, Inc. (TTI) had a liabilities-to-equity ratio of 1.38 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
TETRA Technologies, Inc. (TTI) had a return on assets of 0.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
TETRA Technologies, Inc. (TTI) trades at 140x earnings, its market capitalization divided by $6.2M net income, trailing 12 months to June 30, 2026. The market capitalization is $867.7M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
TETRA Technologies, Inc. (TTI) trades at 1.4x sales, its market capitalization divided by $641.8M revenue, trailing 12 months to June 30, 2026. The market capitalization is $867.7M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
TETRA Technologies, Inc. (TTI) has an Altman Z-Score of 2.47, placing it in the Grey Zone (moderate 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.
TETRA Technologies, Inc. (TTI) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
TETRA Technologies, Inc. (TTI) reported $3.0M of net income while generating $100.4M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. 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.
TETRA Technologies, Inc. (TTI) scores 50 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is the average 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.