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TIC Solutions
(NYSE:TIC)
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Rating:60Neutral
Price Target:
$7.50
▲(5.19% Upside)
Action:Reiterated
Date:07/02/26
The score is driven mainly by improving fundamentals—sharp 2025 revenue acceleration, better gross margins, and a significantly de-risked balance sheet—alongside a generally constructive, reaffirmed 2026 outlook with growing backlog and synergy progress. These positives are tempered by weak technicals (price below key moving averages with negative MACD), continued GAAP losses/negative P/E, and execution risks highlighted on the call (I&M margin pressure, working-capital build, and sizeable interest expense).
Positive Factors
Revenue & gross margin improvement
Sharp 2025 top-line growth alongside meaningful gross margin expansion indicates improving pricing power and delivery efficiency. These changes are structural: higher-margin revenue and scale help sustain adjusted EBITDA margins, support reinvestment and reduce reliance on cost cuts over the coming 2–6 months.
Negative Factors
Persistent net losses
Despite revenue and margin improvement, continued GAAP net losses mean returns on equity remain negative and operating profitability has not stabilized. This limits sustainable internal funding, constrains dividend or buyback optionality, and keeps execution dependent on continued margin recovery and cash support.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & gross margin improvement
Sharp 2025 top-line growth alongside meaningful gross margin expansion indicates improving pricing power and delivery efficiency. These changes are structural: higher-margin revenue and scale help sustain adjusted EBITDA margins, support reinvestment and reduce reliance on cost cuts over the coming 2–6 months.
Read all positive factors
TIC Solutions (TIC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.62B
Dividend YieldN/A
Average Volume (3M)1.88M
Price to Earnings (P/E)―
Beta (1Y)0.88
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees12,760
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)-0.69
Shares Outstanding221,042,600
10 Day Avg. Volume2,218,939
30 Day Avg. Volume1,881,592
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)0.73
Price to Sales (P/S)1.03
P/FCF Ratio25.84
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$10.63Price Target Upside49.02% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)-0.15
Revenue Forecast (FY)$2.20B
TIC Solutions Business Overview & Revenue Model
Company Description
Established in 1974 and headquartered in Tomball, Texas, TIC Solutions, Inc. delivers a comprehensive suite of services encompassing nondestructive testing, inspection, engineering, and laboratory analysis. The company's operations extend across b...
TIC Solutions Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 06, 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 | 194.96M | 167.78M | 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 | 1.70B | 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 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | $2.81B | 18.36 | 8.94% | 2.38% | 6.53% | 107.41% | |
67 Neutral | $5.09B | 44.26 | 5.32% | 0.49% | 1.41% | -22.01% | |
65 Neutral | $14.98B | 41.89 | 11.23% | 0.81% | 10.15% | 3.07% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | $1.62B | -10.13 | -5.53% | ― | ― | ― | |
54 Neutral | $1.51B | -34.70 | -11.10% | ― | -7.43% | -198.60% | |
53 Neutral | $325.71M | -27.01 | -7.82% | ― | 8.01% | 51.71% |
* Industrials Sector Average
TIC
TIC Solutions
8.31
-1.71
-17.07%
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TIC Solutions Corporate Events
Executive/Board ChangesShareholder Meetings
TIC Solutions Shareholders Back Board, Auditor and Say-on-Pay
Positive
Jul 1, 2026
On July 1, 2026, TIC Solutions, Inc. held its Annual Meeting of Stockholders, where investors elected eleven directors to serve until the 2027 annual meeting, with most nominees receiving strong support but some, such as James E. Lillie and Dicker...
Business Operations and StrategyPrivate Placements and Financing
TIC Solutions Amends Credit Agreement, Lowers Borrowing Costs
Positive
Jun 5, 2026
On June 2, 2026, TIC Solutions, Inc. amended its existing Credit Agreement through a Third Amendment involving its subsidiaries Acuren Delaware Holdco, Inc. and Acuren Holdings, Inc., along with a syndicate of term loan and revolving credit lender...
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.