What is TETRA Technologies's net debt?

TETRA Technologies (TTI) reported net debt of $188.83M in Q1 2026.

How has TETRA Technologies's net debt changed year-over-year?

TETRA Technologies's net debt increased by 8.7% year-over-year, from $173.66M to $188.83M.

What is the long-term trend for TETRA Technologies's net debt?

Over 5 years (2020 to 2025), TETRA Technologies's net debt has grown at a -2.5% compound annual growth rate (CAGR), from $179.01M to $157.78M.

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.

TETRA Technologies TTI Net debt

Discontinued — last reported Q1 '26

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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

See full

Gross margin30.5%-0.6pp

Operating margin7.8%—

Net margin19.8%—

FCF margin0.4%—

Returns & leverage

See full

Return on equity53.9%—

Debt / equity0.8×0.0×

Current ratio2×-0.5×

Where this comes from

Calculated from TETRA Technologies’s reported figures.

$224.4Mtotal debt−$35.5Mcash and equivalents=$188.83M

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

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Questions, answered.

What is TETRA Technologies's net debt?: TETRA Technologies (TTI) reported net debt of $188.83M in Q1 2026.
How has TETRA Technologies's net debt changed year-over-year?: TETRA Technologies's net debt increased by 8.7% year-over-year, from $173.66M to $188.83M.
What is the long-term trend for TETRA Technologies's net debt?: Over 5 years (2020 to 2025), TETRA Technologies's net debt has grown at a -2.5% compound annual growth rate (CAGR), from $179.01M to $157.78M.
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.