Acuren Corporation (TIC) AI Stock Analysis

• Market Cap: $1.43B
• Dividend Yield: N/A
• Average Volume (3M): 1.94M
• Price to Earnings (P/E): 3.2
• Beta (1Y): 0.20
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 5,498
• Sector: Industrials
• Sector Strength: 94
• Industry: Industrial - Specialties
• EPS (TTM): N/A
• Shares Outstanding: 121,476,210
• 10 Day Avg. Volume: 1,223,317
• 30 Day Avg. Volume: 1,936,164
• PEG Ratio: N/A
• Price to Book (P/B): 0.05
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -137.14
• Enterprise Value/Market Cap: 1.48
• Enterprise Value/Revenue: 9.09
• Enterprise Value/Gross Profit: 48.75
• Enterprise Value/Ebitda: -225.50
• 1Y Price Target: $11.50
• Price Target Upside: -2.62% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 66 Neutral
• Price Target: $12.00 ▲(1.61%Upside)

Acuren Corporation's stock score is driven by a challenging financial performance and valuation uncertainty, offset by positive technical trends and a strategic merger with NV5 Global. The merger is a significant factor, expected to enhance future growth and stockholder value.

Acuren Corporation Business Overview & Revenue Model

Company Description

Acuren Corporation (TIC) is a leading provider of nondestructive testing (NDT), inspection, and engineering services primarily to the energy, mining, infrastructure, and defense sectors. The company specializes in ensuring the structural integrity and reliability of critical industrial assets through advanced testing and inspection techniques. Acuren's core services include ultrasonic testing, radiographic testing, magnetic particle testing, and visual inspection, among others, catering to a wide range of industrial applications.

How the Company Makes Money

Acuren Corporation generates revenue through a combination of service fees for its testing, inspection, and engineering services. The company's key revenue streams include contracts with clients in industries such as oil and gas, power generation, and mining, where the maintenance of infrastructure is critical. Acuren often enters into long-term service agreements with major industrial clients, providing consistent cash flow. Additionally, the company leverages its expertise and advanced technology solutions to offer specialized services, enhancing its value proposition and revenue potential. Partnerships with technology providers and ongoing innovation in service delivery further support Acuren's revenue model, allowing it to meet the evolving needs of its client base effectively.

Acuren Corporation Financial Statement Overview

Summary

Acuren Corporation is facing challenges with declining revenues and profitability issues. The balance sheet shows a strong equity base, but liquidity challenges exist, necessitating improved revenue generation and cost management strategies.

Income Statement

Acuren Corporation has seen a significant drop in revenue from the previous year, translating to a negative revenue growth rate. The gross profit margin stands at 25.55%, indicating moderate efficiency in controlling production costs. However, the company is facing challenges with profitability, as evidenced by a negative net profit margin of -2.48% and a significant decline in EBIT and EBITDA margins to 5.59%. This highlights the need for improved cost management and revenue generation strategies.

Balance Sheet

The balance sheet reveals a strong equity position with an equity ratio of 52.15%, indicating stability and a solid asset base. However, the debt-to-equity ratio is 0.71, suggesting moderate leverage which could pose a risk if not managed carefully. The return on equity is negative at -1.36%, reflecting the current struggles with profitability.

Cash Flow

The cash flow statement shows declining free cash flow, with a negative free cash flow growth rate, indicating liquidity challenges. The operating cash flow to net income ratio is 0.17, suggesting inefficiencies in converting revenue into cash. The free cash flow to net income ratio is negative due to negative free cash flow, necessitating a focus on cash management and operational efficiencies.

Breakdown	Dec 2024	Dec 2023
Income Statement
Total Revenue	633.87M	1.05B
Gross Profit	161.99M	239.52M
EBITDA	35.41M	150.56M
Net Income	-15.70M	-6.29M
Balance Sheet
Total Assets	2.21B	1.26B
Cash, Cash Equivalents and Short-Term Investments	139.13M	87.06M
Total Debt	812.58M	730.00M
Total Liabilities	1.06B	880.62M
Stockholders Equity	1.15B	382.00M
Cash Flow
Free Cash Flow	-10.61M	73.67M
Operating Cash Flow	2.63M	95.81M
Investing Cash Flow	-1.83B	-26.53M
Financing Cash Flow	1.41B	-49.18M

Acuren Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.81
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TIC, the sentiment is Positive. The current price of 11.81 is above the 20-day moving average (MA) of 11.44, above the 50-day MA of 11.01, and above the 200-day MA of 10.89, indicating a bullish trend. The MACD of 0.27 indicates Negative momentum. The RSI at 60.99 is Neutral, neither overbought nor oversold. The STOCH value of 68.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TIC.

Acuren Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LNN	71 Outperform	$1.49B	19.84	15.06%	1.05%	9.46%	5.91%
TNC	71 Outperform	$1.53B	22.99	11.04%	1.42%	1.35%	-40.63%
CDRE	69 Neutral	$1.37B	35.99	13.07%	1.08%	10.06%	-7.56%
DCO	68 Neutral	$1.34B	38.52	5.25%	―	3.02%	95.76%
Sector *	67 Neutral	£2.85B	10.42	4.69%	215.06%	2.73%	-20.56%
TIC	66 Neutral	$1.43B	3.24		―	―	―
EH	53 Neutral	$1.43B	―	-43.18%	―	167.99%	22.75%

Acuren Corporation Corporate Events

Acuren Corporation to Present at Baird Conference

On June 3, 2025, Acuren Corporation held investor presentations and is scheduled to present at the Baird 2025 Global Consumer, Technology & Services Conference on June 4, 2025. The company discussed its business combination with NV5, highlighting potential synergies, financial performance, and strategic advantages. However, the announcement also noted various risks and uncertainties that could impact future performance, including economic conditions, regulatory changes, and geopolitical risks.

The most recent analyst rating on (TIC) stock is a Hold with a $11.50 price target. To see the full list of analyst forecasts on Acuren Corporation stock, see the TIC Stock Forecast page.

Acuren Corporation Announces NYSE Listing Transfer

On May 13, 2025, Acuren Corporation‘s Board of Directors approved the voluntary delisting of its common stock from the NYSE American to transfer its listing to the New York Stock Exchange, effective May 19, 2025. This strategic move is expected to enhance the company’s market presence and operational flexibility. In the first quarter of 2025, Acuren reported a revenue increase of 5.0% to $234.2 million, driven by strong organic growth and service line expansion. Despite a net loss of $25.9 million due to increased depreciation and acquisition-related costs, the company demonstrated resilience with a 7.2% organic growth and solid cash flow, maintaining its full-year outlook for sustainable growth and shareholder value enhancement.

Acuren Corporation Announces Merger with NV5 Global

On May 14, 2025, Acuren Corporation and NV5 Global, Inc. announced a merger agreement to create a leading global Testing, Inspection, Certification, and Compliance (TICC) and engineering services firm with a combined revenue of $2 billion. The merger is expected to be immediately accretive to Acuren stockholders and includes approximately $20 million in cost synergies. NV5 stockholders will receive $23.00 per share, representing a 32% premium to NV5’s 30-day VWAP as of May 14, 2025. The transaction is subject to approval by stockholders of both companies and regulatory approvals, with an expected closing in the second half of 2025.