Tic Solutions, Inc. (TIC)
NYSE:TIC
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TIC Solutions
(NYSE:TIC)
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Rating:63Neutral
Price Target:
$9.00
▲(5.88% Upside)
Action:Reiterated
Date:05/11/26
The score is driven primarily by improving fundamentals (sharp 2025 growth, better gross margin, and materially reduced leverage) and supportive near-term technical momentum. These are tempered by still-weak profitability (losses/negative operating results), valuation limitations due to negative earnings, and execution risks highlighted in the earnings call (I&M pressure, working-capital timing, and interest expense).
Positive Factors
Material Deleveraging
A dramatic reduction in leverage materially lowers financial risk and interest sensitivity, expanding strategic optionality. With equity expansion and a stronger capital structure, the company can better absorb integration investments, pursue targeted M&A or repurchases, and endure cyclical volatility without crisis financing.
Negative Factors
Persistent Net Losses
Ongoing net losses and negative operating results constrain return generation and internal funding capacity. Even with revenue and margin gains, persistent losses indicate operating leverage or cost structure issues that could impede sustained reinvestment, shareholder returns, and the path to durable profitability if not resolved.
Read all positive and negative factors
Positive Factors
Negative Factors
Material Deleveraging
A dramatic reduction in leverage materially lowers financial risk and interest sensitivity, expanding strategic optionality. With equity expansion and a stronger capital structure, the company can better absorb integration investments, pursue targeted M&A or repurchases, and endure cyclical volatility without crisis financing.
Read all positive factors
TIC Solutions (TIC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.88B
Dividend YieldN/A
Average Volume (3M)2.79M
Price to Earnings (P/E)―
Beta (1Y)0.88
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees5,498
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)-0.69
Shares Outstanding221,042,600
10 Day Avg. Volume2,196,684
30 Day Avg. Volume2,785,861
Financial Highlights & Ratios
PEG Ratio0.45
Price to Book (P/B)0.73
Price to Sales (P/S)1.03
P/FCF Ratio25.84
Enterprise Value/Market Cap0.84
Enterprise Value/Revenue0.88
Enterprise Value/Gross Profit2.99
Enterprise Value/Ebitda8.08
Forecast
1Y Price Target
$10.63Price Target Upside25.00% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)0.07
Revenue Forecast (FY)$2.20B
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:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Nov 09, 2026
Earnings Call Sentiment Positive
The call conveyed a generally constructive picture driven by strong Consulting Engineering performance (+9.5% revenue and margin expansion), backlog growth (+14% CE+GEO) and ahead-of-schedule integration synergies, supported by a healthy liquidity position. However, the Inspection & Mitigation segment showed flat revenue and margin pressure, Geospatial experienced margin compression from a strategic pilot, and cash flow/working capital and leverage remain near-term considerations. Management reaffirmed full-year guidance and provided optimistic commentary on cross-selling, data center tails and synergy capture, but execution risk in I&M and regional timing variability temper the outlook.Positive Updates
Combined Revenue Growth and Organic Expansion
Total revenue of $488 million, combined revenue growth of 4.3% year-over-year (3.1% in constant currency) and combined organic growth of 2.2%.
Negative Updates
Inspection & Mitigation Revenue and Margin Pressure
Inspection & Mitigation revenue of $235 million was essentially flat (+0.3% YoY) and adjusted gross margin declined to 24.4% from 25.2% a year ago (down ~80 bps), reflecting mix headwinds, lower sustaining capital activity and regional weakness.
Read all updates
Q1-2026 Updates
Positive
Negative
Combined Revenue Growth and Organic Expansion
Total revenue of $488 million, combined revenue growth of 4.3% year-over-year (3.1% in constant currency) and combined organic growth of 2.2%.
Read all positive updates
Company Guidance
Management guided Q2 revenue of approximately $570–$582 million and adjusted EBITDA of about $90–$96 million (midpoints: $576 million revenue, $93 million EBITDA, implying ~16.1% adj. EBITDA margin). They reaffirmed full‑year 2026 guidance of $2.15–$2.25 billion revenue and $330–$355 million adjusted EBITDA (midpoints: $2.20 billion revenue, $342.5 million EBITDA, ~15.6% margin), which they say implies roughly 4% revenue growth and ~10% adjusted EBITDA growth versus 2025 combined results; guidance assumes I&M weighted to the back half of the year due to seasonality/outage timing. Other assumptions: net interest expense $95–$105 million, cash taxes $25–$35 million, capital expenditures $55–$65 million, a working‑capital build in H1 with stronger cash conversion in H2, expected realized 2026 cost synergies of roughly $15 million (about $17 million of the $25 million program already actioned on an annualized run rate), and balance‑sheet liquidity of $537 million (cash $427M, revolver $111M) with $1.6 billion of term loan debt.TIC Solutions Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
74
Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 1.78B | 1.53B | 1.10B | 1.05B |
| Gross Profit | 526.95M | 449.36M | 265.66M | 239.52M |
| EBITDA | 194.89M | 186.86M | 87.08M | 150.56M |
| Net Income | -102.87M | -87.12M | -121.16M | -6.29M |
Balance Sheet | ||||
| Total Assets | 4.33B | 4.40B | 2.21B | 1.26B |
| Cash, Cash Equivalents and Short-Term Investments | 426.56M | 439.54M | 139.13M | 87.06M |
| Total Debt | 117.08M | 1.71B | 812.58M | 730.00M |
| Total Liabilities | 2.20B | 2.22B | 1.06B | 880.62M |
| Stockholders Equity | 2.13B | 2.18B | 1.15B | 382.00M |
Cash Flow | ||||
| Free Cash Flow | 13.56M | 61.26M | -4.51M | 73.67M |
| Operating Cash Flow | 55.54M | 95.02M | 23.07M | 95.81M |
| Investing Cash Flow | -1.17B | -874.09M | -1.89B | -26.53M |
| Financing Cash Flow | 1.39B | 1.08B | 1.42B | -49.18M |
TIC Solutions Technical Analysis
Negative
8.50
Price Trends
8.22
Positive
9.10
Negative
10.18
Negative
Market Momentum
0.04
Positive
43.78
Neutral
6.58
Positive
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 8.5 is below the 20-day moving average (MA) of 9.16, above the 50-day MA of 8.22, and below the 200-day MA of 10.18, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 43.78 is Neutral, neither overbought nor oversold. The STOCH value of 6.58 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
63 Neutral | $1.88B | -6.20 | -5.53% | ― | ― | ― | |
62 Neutral | $1.30B | 165.28 | 11.11% | 0.90% | 13.54% | -5.10% | |
61 Neutral | $2.18B | 48.18 | -4.86% | ― | 6.48% | -191.94% | |
61 Neutral | $1.14B | 29.53 | 11.28% | 1.24% | -1.70% | -22.14% | |
55 Neutral | $1.43B | 1,457.36 | 5.10% | 1.59% | -4.29% | -54.01% | |
48 Neutral | $734.20M | -23.88 | -26.96% | ― | 12.35% | 32.54% |
* Industrials Sector Average
TIC
TIC Solutions
8.45
-2.39
-22.05%
DCO
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150.03
80.74
116.52%
LNN
Lindsay
110.73
-27.40
-19.83%
TNC
Tennant Co
86.16
12.45
16.90%
EH
Ehang Holdings
9.51
-6.27
-39.77%
CDRE
Cadre Holdings
31.07
-1.94
-5.86%
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.