TIC Solutions (TIC)
NYSE:TIC
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TIC Solutions
(NYSE:TIC)
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Rating:61Neutral
Price Target:
$9.00
▲(5.88% Upside)
Action:ReiteratedDate:04/25/26
The score is driven primarily by improving financial fundamentals (rapid 2025 revenue growth, better gross margins, and materially reduced leverage), partially offset by continued operating/net losses and a weak earnings-based valuation (negative P/E). Technicals are mixed with improving near-term momentum but a still-bearish longer-term trend, while corporate events are supportive due to the buyback and leadership transition.
Positive Factors
Strong revenue growth & improving gross margin
Sustained ~50% revenue acceleration in 2025 with a material gross margin improvement indicates stronger pricing power and delivery efficiency. That shift supports scalability: higher revenue per dollar of cost improves long-term operating leverage potential and resilience in competitive services markets.
Negative Factors
Persistent net and operating losses
Continued operating and net losses limit the company’s ability to generate shareholder returns and reinvest from earnings. Negative profitability suppresses return metrics (ROE remained below zero), constrains organic funding of growth, and keeps reliance on external capital or asset sales elevated.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth & improving gross margin
Sustained ~50% revenue acceleration in 2025 with a material gross margin improvement indicates stronger pricing power and delivery efficiency. That shift supports scalability: higher revenue per dollar of cost improves long-term operating leverage potential and resilience in competitive services markets.
Read all positive factors
TIC Solutions (TIC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.07B
Dividend YieldN/A
Average Volume (3M)3.54M
Price to Earnings (P/E)―
Beta (1Y)0.86
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees5,498
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)-0.25
Shares Outstanding221,153,400
10 Day Avg. Volume2,786,193
30 Day Avg. Volume3,539,386
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)0.73
Price to Sales (P/S)1.03
P/FCF Ratio25.84
Enterprise Value/Market Cap0.81
Enterprise Value/Revenue1.10
Enterprise Value/Gross Profit3.74
Enterprise Value/Ebitda8.92
Forecast
1Y Price Target
$8.33Price Target Upside-1.96% Downside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)0.17
Revenue Forecast (FY)$2.18B
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 generates revenue through multiple streams, including direct service offerings such as IT consulting, software customization, and technology implementation projects. It also earns through licensing proprietary software solutions or c...
TIC Solutions Earnings Call Summary
Earnings Call Date:Mar 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 14, 2026
Earnings Call Sentiment Positive
The call conveyed a generally positive outlook: the combined company delivered record combined revenue (~$2.1B) and solid adjusted EBITDA (~$312M), showed meaningful margin expansion in Q4 across all segments, demonstrated strong data center growth (nearly doubled to ~$70M with line of sight to ~$100M), and reported backlog growth (~10%) and product/offerings momentum (GEO Agent, cross-selling wins). Management also provided constructive 2026 guidance and integration targets ($25M synergies, ~half in 2026). Key challenges include localized I&M softness (Gulf Coast timing and competition), elevated SG&A from the NV5 inclusion, an $8M EBITDA headwind from incentive reclassification, leverage (~$1.6B term debt) and modest operating cash flow, all of which require execution on integration, cost synergies and cash generation. Overall, positives around scale, margin momentum, data center expansion and on-track integration outweigh the near-term operational and financial headwinds.Positive Updates
Combined Revenue Growth and Scale
Full-year combined revenue of ~$2.1B, growing ~4% (4.4% constant currency; 3.6% reported after FX headwinds), representing the highest combined full-year revenue for the company following the Acuren-NV5 combination.
Negative Updates
I&M Volume Pressure and Regional Weakness
I&M revenue was roughly flat for the year (~$1.1B) with lower volumes concentrated in the Gulf Coast due to LNG construction timing, slower chemical activity and elevated competition; full-year I&M adjusted gross margin declined to 27.8% from 28.5% (down ~70 bps).
Read all updates
Q4-2025 Updates
Positive
Negative
Combined Revenue Growth and Scale
Full-year combined revenue of ~$2.1B, growing ~4% (4.4% constant currency; 3.6% reported after FX headwinds), representing the highest combined full-year revenue for the company following the Acuren-NV5 combination.
Read all positive updates
Company Guidance
The company guided 2026 revenue of $2.15 billion to $2.25 billion (midpoint ≈ +4% vs. 2025 combined $2.1B) and adjusted EBITDA of $330 million to $355 million (guidance reflects an $8 million incremental cash compensation investment), and said roughly half of the $25 million run-rate cost synergies (~$12.5M) should be realized in 2026 with full run-rate by mid‑2027; Q1 guidance is revenue $470M–$485M and adjusted EBITDA $55M–$60M (Q1 typically ~15–18% of full‑year EBITDA). They expect healthy free‑cash‑flow conversion from adjusted EBITDA, net interest expense of $95M–$105M, cash taxes $20M–$30M, CapEx $60M–$70M, modest working capital use, and reiterated a net‑leverage target <3x while highlighting $551M total liquidity (≈$440M cash + $111M revolver), ~$1.6B term‑loan debt and a $200M share‑repurchase authorization.TIC Solutions Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
74
Positive
Cash Flow
67
Positive
| 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
Neutral
8.50
Price Trends
8.33
Positive
9.33
Negative
10.47
Negative
Market Momentum
-0.09
Negative
61.37
Neutral
86.50
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TIC, the sentiment is Neutral. The current price of 8.5 is above the 20-day moving average (MA) of 7.29, above the 50-day MA of 8.33, and below the 200-day MA of 10.47, indicating a neutral trend. The MACD of -0.09 indicates Negative momentum. The RSI at 61.37 is Neutral, neither overbought nor oversold. The STOCH value of 86.50 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TIC.
TIC Solutions Risk Analysis
TIC Solutions disclosed 64 risk factors in its most recent earnings report. TIC Solutions reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
TIC Solutions Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $1.49B | 30.90 | 6.96% | 1.59% | -6.47% | -47.02% | |
61 Neutral | $2.07B | -18.17 | -5.41% | ― | ― | ― | |
61 Neutral | $2.12B | -41.88 | -5.01% | ― | 4.85% | -205.95% | |
61 Neutral | $1.16B | 29.53 | 11.28% | 1.24% | -1.70% | -22.14% | |
60 Neutral | $1.28B | 37.81 | 13.50% | 0.90% | 7.53% | 19.74% | |
43 Neutral | $728.54M | -15.01 | -22.42% | ― | 12.35% | 32.54% |
* Industrials Sector Average
TIC
TIC Solutions
9.38
-0.68
-6.76%
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LNN
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EH
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10.15
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CDRE
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1.34%
TIC Solutions Corporate Events
Business Operations and StrategyExecutive/Board ChangesStock BuybackFinancial Disclosures
TIC Solutions Announces CEO Succession and Leadership Transition
Positive
Mar 12, 2026
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 sep...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.