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Team TISI MS — Adjusted operating expenses

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Other financials

Income statement

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Revenue$215.1M+8.3%
Gross profit$53.1M+12.4%
Operating income-$3.4M+43.8%
Net income-$11.3M+61.9%
EPS (diluted)-$3.12+52.8%

Balance sheet

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Cash & equivalents$12.8M-23.6%
Total debt$369.9M-9.3%
Total equity-$39.4M-51.8%
Total assets$479.4M-6.9%

Cash flow

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Operating cash flow-$9.1M+68.3%
CapEx$2.4M+72.4%
Free cash flow-$11.5M+61.7%

Valuation

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Market cap$78.99M-0.6%
Enterprise value$436.07M-10.3%
P/S0.1×0.0×

Profitability

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Gross margin26%0.0pp
Operating margin1.8%+0.6pp
Net margin-3.4%-1.0pp
FCF margin-1.5%

Returns & leverage

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Return on equity-161.7%+470pp
Debt / equity218.7×+211×
Current ratio2.2×+0.3×

Where this comes from

Reported directly by Team in its filing.

Tagged under the XBRL concept tisi:SegmentReportingOperatingExpensesAmount.

The official record: Team’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Team's MS — adjusted operating expenses?
Team (TISI) reported MS — adjusted operating expenses of $68.8M in Q1 2026.
How has Team's MS — adjusted operating expenses changed year-over-year?
Team's MS — adjusted operating expenses increased by 8.9% year-over-year, from $63.19M to $68.8M.
What is the long-term trend for Team's MS — adjusted operating expenses?
Over 2 years (2023 to 2025), Team's MS — adjusted operating expenses has grown at a 0.1% compound annual growth rate (CAGR), from $305.06M to $305.93M.
What does MS — adjusted operating expenses mean?
Includes all direct and indirect costs associated with the daily operations of the Mechanical Services segment, adjusted to remove non-recurring or non-operational charges. Monitoring this metric helps assess the segment's cost structure and operational efficiency in delivering industrial services.