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TIC Solutions, Inc. TIC R2K

Industrials · Specialty Business Services · United States
https://www.ticsolutions.com

TIC Solutions, Inc. provides critical asset integrity services in North America. The company offers testing, inspection, certification, and compliance (TICC) services, including various nondestructive testing (NDT) techniques, such as radiography, ultrasonic testing, magnetic particle inspection, penetrant testing, and visual inspection. Its NDT activities include inspection and evaluation of industrial equipment through various technology-enabled methods to ensure asset integrity, prevent costly outages, failures, and accidents, and meet regulatory requirements without damaging the asset or component. It also provides market rope access technician solutions, including inspection and testing, as well as insulation, coatings and blasting, welding, pipe fitting, hoisting and rigging, and electrical services. In addition, its TICC services include support from consulting engineers with destructive testing, support failure investigation, material selection, corrosion engineering, welding engineering, fracture mechanics, destructive testing, and chemical analysis. Further, it offers geospatial services, such as data collection, data analytics, and software solutions that support asset management and infrastructure planning. The company serves a range of industrial markets, such as chemical, pipeline, refinery, power generation, oilsands, automotive, aerospace, mining, manufacturing, renewable energy, and pulp and paper. TIC Solutions, Inc. was formerly known as Acuren Corporation and changed its name to TIC Solutions, Inc. in October 2025. The company was founded in 1974 and is headquartered in Hollywood, Florida.

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$8.17
-22.19% 1Y

Market & Price

Market Cap
$1.81B
Current Price
$8.17
High / Low (52W)
$14.49 / $6.57
Beta
1.91

Valuation

Stock P/E
-
Industry PE
28.38
Forward P/E
16.28
PEG Ratio
-
Book Value
$9.84
Price to Book
0.83
P/S
1.01
EV/EBITDA
13.90
Dividend Yield
-

Profitability & Returns

ROCE
-0.26%
ROE
-6.31%
ROA
0.26%
Profit Margin
-5.77%
Op Margin
-0.89%
EPS (Latest Qtr)
$-0.19
EPS (TTM)
$-0.58

Balance Sheet & Liquidity

Debt/Equity
0.80
Quick Ratio
2.86
Current Ratio
3.06
Debt
$1.70B
Total Assets
$4.40B
Current Assets
$1.02B
Working Capital
$702.04M

Ownership

Promoter Holding
11.24%
Chg in Prom Hold
-
FII / Inst Holding
89.69%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$3.09B
Total Revenue (TTM)
$1.78B
EBITDA
$222.22M
Free Cash Flow
$-23.11M
Operating Cash Flow
$72.15M
Shares Outstanding
221.04M
Gross Margin
31.78%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
18.13%
Profit 5Y
-178.22%
Revenue (YoY)
108.40%
Earnings (YoY)
-

PROS

  • Compounding revenue at 18.1% over 5 years.

CONS

  • Earnings shrank at -178.2% CAGR over 5 years.
  • Trading 43.6% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 TIC TIC Solutions, Inc. R2K 8.17 - $1.81B - -0.26% -6.31% 18.13% -178.22%
2 CAT Caterpillar Inc. SPX 875.87 43.66 $403.42B 0.69% 19.42% 51.33% 4.38% 9.83%
3 GE GE Aerospace SPX 323.76 40.17 $338.27B 0.58% 11.89% 45.43% 16.32% 195.89%
4 GEV GE Vernova Inc. SPXAI 968.32 28.33 $260.21B 0.21% 6.30% 75.71% 8.68% 92.84%
5 RTX RTX Corporation SPX 179.66 33.64 $241.95B 1.54% 9.41% 11.57% 9.72% 9.01%
6 UNP Union Pacific Corporation SPX 262.64 21.60 $155.93B 2.10% 16.19% 40.69% -0.49% 0.66%
7 ETN Eaton Corporation plc SPXAI 400.60 39.20 $155.55B 1.10% 16.23% 20.84% 9.77% 18.41%
8 HON Honeywell International Inc. NDXSPX 237.86 38.00 $150.72B 2.00% 13.57% 24.26% 1.82% -1.62%
9 DE Deere & Company SPX 542.18 30.67 $146.45B 1.20% 12.82% 18.35% -4.50% -11.00%
Ad space

Quarterly Results

Figures in USD.

Metric Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 309.29M201.49M234.22M313.93M473.89M508.27M488.03M
Cost of Revenue --190.55M239.82M321.16M329.41M326.73M
Gross Profit 80.62M49.20M43.67M74.10M152.73M178.86M161.30M
Operating Expenses --53.11M55.24M140.49M192.65M190.36M
Operating Income 19.75M-79.19M-9.44M18.86M12.24M-13.79M-29.06M
EBITDA --20.28M48.66M47.18M51.66M29.89M
Interest Expense --16.01M15.45M26.52M29.64M29.02M
Pretax Income ---24.33M3.68M-30.45M-47.07M-58.01M
Tax Provision --1.47M3.91M-16.56M128.00K-16.46M
Net Income -5.45M-105.45M-25.79M-233.00K-13.89M-47.20M-41.55M
Diluted EPS ---0.210.00-0.08-0.25-0.19

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2022Nov 2023Dec 2023Dec 2025
Revenue 928.33M01.05B1.53B
Cost of Revenue 725.38M-810.53M1.08B
Gross Profit 202.95M-239.52M449.36M
Operating Expenses 168.23M1.28M185.02M440.83M
Operating Income 34.72M-1.28M54.50M8.53M
EBITDA 134.05M-1.28M150.56M167.78M
Interest Expense 24.16M-60.02M87.62M
Pretax Income 23.45M13.99M-4.28M-98.17M
Tax Provision 3.41M-2.01M-11.06M
Net Income 20.04M13.99M-6.29M-87.12M
Diluted EPS 3.930.25-1.25-0.60

Compounded Sales Growth

5 Years:18.13%
1 Year:108.40%

Compounded Profit Growth

5 Years:-178.22%
1 Year:-

Stock Price Performance

1 Year:-22.19%
6 Months:-15.07%
3 Months:-13.73%
1 Month:-9.42%

Balance Sheet (Annual)

Figures in USD.

Metric Nov 2023Dec 2023Jul 2024Dec 2024Dec 2025
Total Assets 553.85M1.26B-2.21B4.40B
Current Assets 553.85M333.91M-394.24M1.02B
Cash & Equivalents 2.66M87.06M-139.13M439.54M
Inventory -----
Receivables -211.10M-216.61M369.67M
Total Liabilities 625.00K880.62M-1.06B2.22B
Current Liabilities 625.00K112.88M-106.33M318.99M
Long Term Debt -668.03M-747.05M1.59B
Total Debt -730.00M-812.58M1.71B
Total Equity 553.23M382.00M555.89M1.15B2.18B
Shares Outstanding 53.98M--121.48M220.49M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2022Nov 2023Dec 2023Dec 2025
Operating Cash Flow 39.98M8.10M95.81M95.02M
Investing Cash Flow -67.67M-544.42M-26.53M-874.09M
Financing Cash Flow 35.97M538.98M-49.18M1.08B
Capital Expenditure -23.07M--22.14M-33.76M
Free Cash Flow 16.91M8.10M73.67M61.26M
Net Change in Cash 8.27M2.66M20.10M296.66M
Dividends Paid ---0

Ratios (Annual)

Figures in %.

Metric Dec 2022Nov 2023Dec 2023Dec 2025
Gross Margin % 21.9%-22.8%29.4%
Operating Margin % 3.7%-5.2%0.6%
Net Margin % 2.2%--0.6%-5.7%
ROE % -2.5%-1.6%-4.0%
ROCE % --0.2%4.7%0.2%

Shareholding Pattern

Insiders
11.24%
Institutions
89.69%
Public Float
101.04%

Top Institutional Holders

#Holder% HeldSharesValue
1 Viking Global Investors, L.P. 29.51% 35.82M $292.69M
2 Permian Investment Partners, Lp 18.07% 21.95M $179.29M
3 Gates Capital Management, Inc. 18.00% 21.85M $178.51M
4 Alyeska Investment Group, L.p. 15.45% 18.76M $153.29M
5 Progeny 3, Inc. 12.62% 15.32M $125.19M
6 Vanguard Capital Management LLC 6.76% 8.21M $67.05M
7 Bank Of New York Mellon Corporation 4.44% 5.39M $44.00M
8 Jefferies Financial Group Inc. 4.12% 5.00M $40.85M
9 Geode Capital Management, LLC 3.70% 4.49M $36.66M
10 Swedbank AB 3.61% 4.38M $35.78M

Analyst View

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