TIC Solutions (TIC) AI Stock Analysis

• Market Cap: $1.60B
• Dividend Yield: N/A
• Average Volume (3M): 2.15M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.60
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 5,498
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): N/A
• Shares Outstanding: 221,153,400
• 10 Day Avg. Volume: 2,193,151
• 30 Day Avg. Volume: 2,147,768
• PEG Ratio: -0.05
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 1.03
• P/FCF Ratio: 25.84
• Enterprise Value/Market Cap: 0.85
• Enterprise Value/Revenue: 0.89
• Enterprise Value/Gross Profit: 3.04
• Enterprise Value/Ebitda: 7.31
• 1Y Price Target: $9.00
• Price Target Upside: 18.42% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: $8.00 ▲(5.26% Upside)
• Action: Reiterated Date: 03/13/26
• Date: Action: Reiterated 03/13/26

The score is supported primarily by improving fundamentals (rapid 2025 growth, better gross margin, and sharply reduced leverage) and a constructive outlook from guidance and synergy progress. It is held back most by weak technicals (downtrend with bearish momentum) and valuation limitations tied to ongoing net losses.

Positive Factors

Balance-sheet deleveraging

The dramatic reduction in leverage is a durable improvement: a much stronger capital structure lowers refinancing and interest risk, increases financial flexibility for disciplined M&A or repurchases, and provides a buffer against cyclical downturns over the next 2–6 months and beyond.

Revenue acceleration and margin expansion

Sharp 2025 revenue growth alongside meaningful gross-margin improvement signals improving business scalability and pricing or delivery efficiency. These structural improvements support sustainable cash generation and operating leverage as integration progresses and demand normalizes.

Integration synergies and strategic scale

Higher, credible synergy targets and active integration (NV5, Acuren) point to durable margin upside and scale benefits. Realizing $25M of synergies by mid-2027 would structurally lower cost base and improve adjusted EBITDA conversion as combined operations mature.

Negative Factors

Persistent net losses and weak returns

Continued net losses and negative returns on equity limit the company's ability to fund growth from earnings and to deliver shareholder returns. Until profitability converts sustainably, cash generation depends on non-operating items, constraining long-term capital allocation choices.

Inspection & Mitigation segment weakness

A material segment exhibiting revenue declines and exposure to a weak chemicals market creates structural revenue concentration risk. Project timing and end-market cyclicality in this business can persistently drag consolidated growth and margins absent diversified backlog improvement.

Elevated SG&A from integration

Significantly higher SG&A following acquisitions raises the company's fixed cost base and pressures operating profitability. If cost reductions and synergies underdeliver, persistent elevated overhead may keep operating losses and limit durable margin recovery despite top-line gains.

TIC Solutions Business Overview & Revenue Model

Company Description

TIC Solutions, Inc. engages in providing nondestructive testing, inspection, engineering and lab testing services. It operates through the United States and Canada segments. The company was founded in 1974 and is headquartered in Tomball, TX.

How the Company Makes Money

TIC Solutions Financial Statement Overview

Summary

Strong 2025 revenue acceleration and improved gross margin are positives, and leverage fell sharply (much stronger capital structure). Offsetting this, operating losses returned in 2024–2025 and net losses persist, so earnings quality and returns remain weak despite improved cash generation.

Income Statement

Revenue growth accelerated sharply in 2025 (up ~49.7% vs. ~4.5% in 2024), and gross margin improved meaningfully to ~29.4% from ~24.2% in 2024, signaling better pricing and/or delivery efficiency. However, profitability remains weak: net losses persisted across all three years (net margin ~-5.7% in 2025), and operating profitability deteriorated versus 2023 as the company moved from positive operating profit in 2023 to operating losses in 2024–2025.

Balance Sheet

Leverage improved dramatically: debt-to-equity fell to ~0.06 in 2025 from ~0.71 in 2024 and ~1.91 in 2023, indicating a much stronger capital structure and lower financial risk. Equity also expanded significantly in 2025, supporting a larger asset base. The key weakness is returns: profitability is still negative, with return on equity remaining below zero in each year, which limits balance-sheet quality despite the deleveraging.

Cash Flow

Cash generation is a relative strength: operating cash flow was positive in 2023 and 2025, and free cash flow was solidly positive in 2023 and 2025 (after turning slightly negative in 2024). That said, cash-flow consistency is mixed, and cash generation is not yet well supported by earnings power given continued net losses, implying working-capital or non-cash items are doing heavy lifting.

Breakdown	Dec 2025	Dec 2024	Dec 2023
Income Statement
Total Revenue	1.53B	1.10B	1.05B
Gross Profit	449.36M	265.66M	239.52M
EBITDA	186.86M	87.08M	150.56M
Net Income	-87.12M	-121.16M	-6.29M
Balance Sheet
Total Assets	4.40B	2.21B	1.26B
Cash, Cash Equivalents and Short-Term Investments	439.54M	139.13M	87.06M
Total Debt	1.71B	812.58M	730.00M
Total Liabilities	2.22B	1.06B	880.62M
Stockholders Equity	2.18B	1.15B	382.00M
Cash Flow
Free Cash Flow	61.26M	-4.51M	73.67M
Operating Cash Flow	95.02M	23.07M	95.81M
Investing Cash Flow	-874.09M	-1.89B	-26.53M
Financing Cash Flow	1.08B	1.42B	-49.18M

TIC Solutions Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 7.60
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TIC, the sentiment is Negative. The current price of 7.6 is below the 20-day moving average (MA) of 9.01, below the 50-day MA of 9.87, and below the 200-day MA of 10.86, indicating a bearish trend. The MACD of -0.58 indicates Positive momentum. The RSI at 30.67 is Neutral, neither overbought nor oversold. The STOCH value of 27.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TIC.

TIC Solutions Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LNN	70 Outperform	$1.31B	18.89	14.01%	1.24%	11.41%	13.05%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
CDRE	60 Neutral	$1.35B	37.81	13.50%	0.90%	19.94%	33.38%
DCO	59 Neutral	$1.88B	-41.88	-5.01%	―	3.16%	-213.56%
TIC	57 Neutral	$1.60B	-18.17	-2.95%	―	―	―
TNC	53 Neutral	$1.14B	30.90	6.96%	1.59%	-2.24%	-48.77%
EH	43 Neutral	$850.56M	-15.01	-22.42%	―	23.58%	20.74%

TIC Solutions Corporate Events

TIC Solutions Announces CEO Succession and Leadership Transition

On March 12, 2026, TIC Solutions announced that long-serving CEO Tal Pizzey will retire effective March 31, 2026, remaining on the board and serving as an advisor through year-end, with his equity awards largely accelerated or modified under a separation agreement tied to a 24-month non-compete. The board has appointed President and COO Ben Heraud, an energy management and engineering veteran with deep NV5 and integration experience, as the next CEO under a new employment agreement, signaling a planned succession aimed at continuity while the company enters its next phase of growth and operational alignment.

Alongside the leadership transition, TIC Solutions reported strong 2025 top-line expansion to $1.53 billion in Successor revenue and a narrowed net loss of $87.1 million, driven by the Acuren acquisition, the August 2025 NV5 merger and ongoing integration, while fourth-quarter Adjusted EBITDA nearly doubled year over year. The company also unveiled a $200 million share repurchase authorization and 2026 guidance calling for revenue of $2.15–$2.25 billion and Adjusted EBITDA of $330–$355 million, underscoring confidence in cost synergies, improved scale and balance-sheet flexibility as it targets leverage reduction and disciplined acquisition-led growth.

The most recent analyst rating on (TIC) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on TIC Solutions stock, see the TIC Stock Forecast page.

Acuren’s TIC Solutions Issues Performance-Linked Stock Dividend

On December 31, 2025, TIC Solutions, Inc.’s board approved a stock dividend of 668,347 common shares to the holder of its 1,000,000 outstanding Series A preferred shares, reflecting the first annual equity-based dividend calculated as 20% of the appreciation of the company’s common stock over its $10.00 initial offering price, using a dividend price of $10.2829 based on the volume weighted average price over the last ten trading days of 2025. The issuance, completed on January 2, 2026, increased TIC Solutions’ total common shares outstanding to approximately 221.2 million, modestly diluting existing common shareholders while fulfilling the company’s obligations under its preferred stock structure and reinforcing the performance-linked nature of its capital framework for investors.

The most recent analyst rating on (TIC) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on Acuren Corporation stock, see the TIC Stock Forecast page.