TIC Solutions, Inc. (New York Stock Exchange:TIC)
Insiders here have filed 9 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Loses money on what it sells.
- Revenue
- $2.05B
- Net income
- -$116.0M
- Net margin
- -5.6%
Heavily indebted for what it earns.
- Total debt
- $1.70B
- Cash
- $362.4M
- Net debt / EBITDA
- 6.13x
Comfortably covers what is due within a year.
- Current assets
- $1.01B
- Current liabilities
- $348.2M
- Current ratio
- 2.91
Roughly cash-neutral.
- Operating cash flow
- $52.3M
- Free cash flow
- -$1.4M
- FCF margin
- -0.1%
Heavy dilution — shareholders are paying for the business.
- Shares outstanding
- 156.6M
- Share growth (1y)
- 28.9%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
TIC Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 584.35 M | 488.03 M | 508.27 M | 473.89 M | 313.93 M | 234.22 M |
| Revenue Growth (YoY) | 86.14 % | 108.37 % | 93.96 % | 56.40 % | — | — |
| Cost of Revenue | 380.19 M | 366.76 M | 329.41 M | 321.16 M | 239.82 M | 190.55 M |
| Gross Profit | 204.16 M | 121.26 M | 178.86 M | 152.73 M | 74.10 M | 43.67 M |
| SG&A Expense | 193.32 M | 150.33 M | 192.65 M | 140.49 M | 0.00 | 0.00 |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 193.32 M | 150.33 M | 192.65 M | 159.24 M | 55.75 M | 53.11 M |
| Operating Income | 10.84 M | -29.06 M | -13.79 M | -6.51 M | 18.35 M | -9.44 M |
| Pretax Income | -16.58 M | -58.01 M | -47.07 M | -30.45 M | 3.68 M | -24.33 M |
| Tax Provision | -3.23 M | -16.46 M | 128.00 K | -16.56 M | 3.91 M | 1.47 M |
| Net Income | -13.34 M | -41.55 M | -47.20 M | -13.89 M | -233.00 K | -25.79 M |
| EPS (Basic) | -0.09 | -0.27 | -0.34 | -0.11 | -0.00 | -0.21 |
| EPS (Diluted) | -0.08 | -0.26 | -0.34 | -0.11 | -0.00 | -0.21 |
| Shares Outstanding | 156.60 M | 156.60 M | 156.60 M | 121.48 M | 121.48 M | 121.48 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.