What is TIC Solutions 's net debt?

TIC Solutions (TIC) reported net debt of $1.28B in Q1 2026.

How has TIC Solutions 's net debt changed year-over-year?

TIC Solutions 's net debt increased by 95.1% year-over-year, from $653.85M to $1.28B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

TIC Solutions TIC Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

Cabot CorporationCBT

1.1×-0.3×

Travel + LeisureTNL

6×+1.6×

UnifirstUNF

-0.2×-0.1×

HES

Hess MidstreamHESM

3.1×-0.1×

Carter'sCRI

3.6×+0.8×

HarmonicHLIT

0.1×-2.0×

Other financials

Income statement

See full

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

See full

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

See full

Return on equity-6.3%—

Debt / equity0.8×+0.1×

Current ratio3.1×-0.4×

Where this comes from

Calculated from TIC Solutions ’s reported figures.

$1.7Btotal debt−$426.6Mcash and equivalents=$1.28B

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 net debt?: TIC Solutions (TIC) reported net debt of $1.28B in Q1 2026.
How has TIC Solutions 's net debt changed year-over-year?: TIC Solutions 's net debt increased by 95.1% year-over-year, from $653.85M to $1.28B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.