What is TIC Solutions 's contract assets?

TIC Solutions (TIC) reported contract assets of $182.73M in Q1 2026.

What does contract assets mean?

Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

TIC Solutions TIC Contract Assets

Contract Assets at other companies

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$146.46M+9.2%

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$222M+9.4%

Amentum HoldingsAMTM

$999M+9.8%

SPX TechnologiesSPXC

$78.9M+110%

ABM IndustriesABM

$174.7M+32.9%

FortiveFTV

——

Other financials

Income statement

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Revenue$488.0M+108%

Gross profit$161.3M+269%

Operating income-$29.1M-208%

Net income-$41.5M-61.1%

EPS (diluted)-$0.19+9.5%

Balance sheet

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Cash & equivalents$426.6M+174%

Total debt$1.7B+110%

Total equity$2.1B+89.0%

Total assets$4.3B+98.7%

Cash flow

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Operating cash flow$9.9M-69.7%

CapEx$5.7M+27.3%

Free cash flow$4.2M-85.1%

Valuation

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Market cap$1.81B—

Enterprise value$3.08B—

P/S1×—

Profitability

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Gross margin31.8%+8.0pp

Operating margin-2.1%-0.9pp

Net margin-5.8%-2.2pp

FCF margin4.5%—

Returns & leverage

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Return on equity-6.3%—

Debt / equity0.8×+0.1×

Current ratio3.1×-0.4×

Where this comes from

Reported directly by TIC Solutions in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: TIC Solutions ’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is TIC Solutions 's contract assets?: TIC Solutions (TIC) reported contract assets of $182.73M in Q1 2026.
What does contract assets mean?: Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.