What is TETRA Technologies's work in process?

TETRA Technologies (TTI) reported work in process of $1.91M in Q1 2026.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

TETRA Technologies TTI Work in process

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Other financials

Income statement

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Revenue$156.3M-0.6%

Gross profit$47.4M-9.8%

Operating income$12.8M-31.7%

Net income$8.3M+105%

EPS (diluted)$0.06+100%

Balance sheet

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Cash & equivalents$35.5M-13.5%

Total debt$224.4M+4.5%

Total equity$286.9M+5.1%

Total assets$662.3M+7.9%

Cash flow

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Operating cash flow-$11.9M-401%

CapEx$19.0M+5.9%

Free cash flow-$30.9M-120%

Valuation

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Market cap$1.48B+202%

Enterprise value$1.66B+151%

P/E53×—

P/S2.3×+1.5×

Profitability

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Gross margin30.5%-0.6pp

Operating margin7.8%—

Net margin19.8%—

FCF margin0.4%—

Returns & leverage

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Return on equity53.9%—

Debt / equity0.8×0.0×

Current ratio2×-0.5×

Where this comes from

Reported directly by TETRA Technologies in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

The official record: TETRA Technologies’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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What is TETRA Technologies's work in process?: TETRA Technologies (TTI) reported work in process of $1.91M in Q1 2026.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.