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TIC Solutions

TIC

TIC Solutions, Inc. is a leading provider of tech-enabled testing, inspection, certification, and compliance (TICC), engineering, and geospatial services.

Market cap
$1.89B-0.9%
Revenue$2.1B+24.9%
Net income-$116.0M+51.1%
Free cash flow$22.2M
EPS (diluted)-$0.64
Trailing twelve months · change vs. prior year

Earnings

Next report

Date not yet announced

Financials

Q2 2026

Income statement

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Revenue$584.3M+86.1%
Gross profit$204.2M+176%
Operating income$10.8M-40.9%
Net income-$13.3M-5,626%
EPS (diluted)-$0.06

Balance sheet

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Cash & equivalents$362.4M+179%
Total debt$1.7B+109%
Total equity$2.1B+77.8%
Total assets$4.3B+91.4%

Cash flow

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CapEx$19.7M+145%
Free cash flow-$29.5M

Valuation & ratios

Valuation

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Market cap$1.89B-0.9%
Enterprise value$3.23B+21.0%
P/S0.9×-0.3×

Profitability

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Gross margin33.9%+10.6pp
Operating margin-2.2%-0.9pp
Net margin-5.6%-2.1pp
FCF margin1.1%

Returns & leverage

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Return on equity-7.1%
Debt / equity0.8×+0.1×
Current ratio2.9×-0.4×

Segments

By segment

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Inspection & Mitigation$296.7M
Consulting & Engineering$206.6M
Geospatial$81.0M

By geography

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Other foreign$39.7M+1,393%

Competitors

Profile

TIC Solutions, Inc. is a leading provider of tech-enabled testing, inspection, certification, and compliance (TICC), engineering, and geospatial services. The company delivers mission-critical solutions essential for the safety, reliability, and life extension of industrial assets and public infrastructure. Its services are primarily non-discretionary, driven by stringent regulatory requirements and customer risk management policies across North America and select international markets.

Competitive position

A leading integrated provider with significant scale, offering a comprehensive suite of TICC and engineering services that benefit from high barriers to entry and non-discretionary demand.

GeographiesUnited States, Canada, Europe, Asia, Middle East
Customer segmentsGovernment Agencies, Energy and Utilities, Aerospace and Defense, Industrial Manufacturing
Business modelB2B Service, B2G Service, Subscription SaaS, Time and Materials, Fixed-price contracts
SuppliersIndustrial equipment suppliers, Consumable material providers (film, penetrant), Specialized technical labor, Technology and sensor manufacturers
CustomersOil and gas refineries, Public transportation authorities, Municipal water and power utilities, Aerospace and defense contractors
Listed2023
CEOBenjamin Heraud
FilingsSEC EDGAR

FAQ

What is TIC Solutions's market cap?
TIC Solutions (TIC) has a market capitalization of $1.9B and trades on AMEX.
What is TIC Solutions's revenue and profitability?
TIC Solutions generated $2.1B in trailing twelve-month revenue with a net loss of $116.0M, representing a net margin of -5.6%. Gross margin stands at 33.9%, with free cash flow of $22.2M. These figures are based on the Q2 2026 filing.
Who are TIC Solutions's competitors?
TIC Solutions's key competitors include Tetra Tech, Inc., Mistras Group, Inc., UL Solutions Inc., and others. These companies compete in similar markets and product categories.
What subsidiaries does TIC Solutions have?
TIC Solutions's subsidiaries include NV5 Global, Inc., Acuren Corporation.
Where is TIC Solutions headquartered?
TIC Solutions is headquartered in United States of America. It has been publicly traded since 2023.