Tetra Technologies (TTI) AI Stock Analysis

• Market Cap: $1.21B
• Dividend Yield: N/A
• Average Volume (3M): 2.39M
• Price to Earnings (P/E): 10.2
• Beta (1Y): 1.24
• Revenue Growth: 0.17%
• EPS Growth: 7307.20%
• Country: US
• Employees: 1,400
• Sector: Industrials
• Sector Strength: 72
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.04
• Shares Outstanding: 133,746,720
• 10 Day Avg. Volume: 4,141,466
• 30 Day Avg. Volume: 2,391,172
• PEG Ratio: 0.01
• Price to Book (P/B): 1.85
• Price to Sales (P/S): 0.78
• P/FCF Ratio: -19.45
• Enterprise Value/Market Cap: 0.49
• Enterprise Value/Revenue: 0.96
• Enterprise Value/Gross Profit: 3.75
• Enterprise Value/Ebitda: 6.21
• 1Y Price Target: $9.75
• Price Target Upside: 4.50% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 77 Outperform
• Price Target: $8.00 ▼(-14.26% Downside)

Tetra Technologies receives a strong overall score due to its robust financial performance, particularly in profitability and revenue growth, and a positive earnings call outlook. The technical indicators support a positive trend, and the valuation suggests the stock is undervalued. However, challenges in cash flow management and U.S. onshore market conditions present risks that should be monitored.

Positive Factors

International Expansion

Expanding into Argentina and securing work in Saudi Arabia enhances Tetra's global footprint, diversifying revenue streams and reducing reliance on domestic markets.

Completion Fluids & Products Growth

Significant growth in the Completion Fluids & Products segment indicates strong demand and operational efficiency, contributing to overall profitability.

Strategic Initiatives

The One TETRA 2030 strategy aims to double revenue by 2030, reflecting a clear long-term growth vision and strategic planning to enhance market position.

Negative Factors

Cash Flow Management

Negative free cash flow growth suggests challenges in cash generation, which could limit reinvestment and operational flexibility over time.

Water & Flowback Services Decline

The decline in Water & Flowback Services revenue highlights potential weaknesses in this segment, affecting overall revenue stability.

U.S. Onshore Challenges

Challenges in the U.S. onshore market, with declining frac crew counts, could impact domestic operations and revenue, necessitating strategic adjustments.

Tetra Technologies Business Overview & Revenue Model

Company Description

Tetra Technologies, Inc. (TTI) is a diversified company primarily focused on providing services and products to the energy and water sectors. The company operates through several segments, including fluids, production, and water management, offering a range of solutions such as completion fluids, production enhancement services, and water management services for oil and gas operations. TTI is known for its innovative technologies and environmentally responsible practices, catering to the needs of exploration and production companies worldwide.

How the Company Makes Money

Tetra Technologies generates revenue through multiple streams, primarily by providing specialty fluids and services designed for the oil and gas industry. Key revenue streams include the sale of completion fluids and other associated services that enhance production efficiency. Additionally, TTI earns money through its water management segment, which provides services related to water sourcing, treatment, and disposal for hydraulic fracturing operations. Significant partnerships with major oil and gas companies further bolster Tetra's revenue potential, as these collaborations often lead to long-term contracts and bulk service agreements. The company also benefits from market trends such as increased exploration activities and a growing emphasis on sustainable practices within the energy sector.

Tetra Technologies Financial Statement Overview

Summary

Tetra Technologies demonstrates strong profitability and efficient operations, with impressive margins and revenue growth. The balance sheet is stable with low leverage, though historical volatility in debt levels warrants caution. Cash flow management needs improvement, as indicated by negative free cash flow growth.

Income Statement

Tetra Technologies shows strong profitability with a TTM gross profit margin of 25.64% and a net profit margin of 19.75%. The company has demonstrated consistent revenue growth, with a notable increase of 1.9% in the TTM period. EBIT and EBITDA margins are healthy, indicating efficient operations. However, the revenue growth rate has fluctuated over the years, which could pose a risk if not stabilized.

Balance Sheet

The company's balance sheet reflects a solid debt-to-equity ratio of 0.11 in the TTM period, indicating low leverage. Return on equity is impressive at 43.84%, showcasing strong profitability relative to shareholder equity. However, the equity ratio is not explicitly provided, and historical high leverage in previous years suggests potential volatility in financial stability.

Cash Flow

Operating cash flow is robust, with a TTM operating cash flow to net income ratio of 0.56. However, free cash flow growth has been negative, and the free cash flow to net income ratio is relatively low at 0.08, indicating potential challenges in generating free cash flow. Historical fluctuations in free cash flow growth highlight the need for improved cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	618.75M	599.11M	626.26M	553.21M	388.27M	377.71M
Gross Profit	158.66M	139.96M	141.64M	113.53M	59.82M	67.97M
EBITDA	95.80M	86.93M	88.38M	59.82M	35.16M	32.05M
Net Income	122.23M	108.28M	25.78M	7.84M	-16.80M	-51.14M
Balance Sheet
Total Assets	655.17M	718.58M	499.52M	457.59M	398.27M	1.13B
Cash, Cash Equivalents and Short-Term Investments	67.20M	37.21M	52.48M	13.59M	31.55M	67.32M
Total Debt	214.60M	221.39M	196.80M	194.15M	191.47M	246.26M
Total Liabilities	359.75M	465.28M	352.19M	351.19M	299.70M	1.06B
Stockholders Equity	296.69M	254.57M	148.59M	107.63M	99.70M	-9.64M
Cash Flow
Free Cash Flow	6.20M	-24.16M	32.05M	-21.10M	-15.88M	47.53M
Operating Cash Flow	74.27M	36.52M	70.21M	18.96M	4.66M	76.91M
Investing Cash Flow	-48.64M	-59.06M	-27.03M	-36.50M	-5.17M	6.04M
Financing Cash Flow	-7.68M	8.87M	-4.66M	40.00K	-50.05M	-17.63M

Tetra Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.33
• 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 TTI, the sentiment is Positive. The current price of 9.33 is above the 20-day moving average (MA) of 8.48, above the 50-day MA of 7.85, and above the 200-day MA of 4.73, indicating a bullish trend. The MACD of 0.42 indicates Negative momentum. The RSI at 67.79 is Neutral, neither overbought nor oversold. The STOCH value of 71.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TTI.

Tetra Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TTI	77 Outperform	$1.21B	10.15	53.71%	―	0.17%	7307.20%
CLB	72 Outperform	$756.19M	23.51	12.31%	0.25%	-1.02%	6.34%
HLX	71 Outperform	$903.08M	22.77	2.71%	―	-1.95%	530.91%
RES	68 Neutral	$1.22B	25.22	4.31%	2.88%	4.20%	-59.96%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
PUMP	61 Neutral	$947.28M	―	-2.05%	―	-11.65%	87.57%
ACDC	45 Neutral	$689.12M	-1.84	-31.46%	―	-11.92%	-53.72%

Tetra Technologies Corporate Events

Tetra Technologies Announces CFO Retirement and Successor

On October 27, 2025, TETRA Technologies announced the planned retirement of Elijio V. Serrano as Senior Vice President and Chief Financial Officer, effective March 31, 2026. Matthew J. Sanderson will succeed him, continuing some of his current responsibilities as Executive Vice President and Chief Commercial Officer. This transition is part of TETRA’s succession planning process, and Mr. Serrano will remain as an advisor to CEO Brady Murphy. The announcement reflects TETRA’s strategic focus on its ONE TETRA 2030 objectives, with Mr. Serrano having played a significant role in guiding the company through challenging times, including the COVID-19 pandemic, and contributing to its growth and value creation strategy.

Tetra Technologies Appoints New Chief Accounting Officer

On September 29, 2025, TETRA Technologies, Inc. appointed Katherine Kokenes as Vice President – Chief Accounting Officer, succeeding Elijio Serrano in the role. Kokenes brings extensive experience from her previous roles at Independence Contract Drilling, Inc. and Nabors Industries, Ltd., and holds a Bachelor of Business Administration in Accounting from the University of Texas at Arlington. Her compensation package includes a base salary of $330,000, a target cash incentive bonus, and long-term incentive awards. The company has also granted her an employment inducement award of 29,645 restricted stock units. This strategic appointment underscores TETRA Technologies’ commitment to strengthening its financial leadership team and aligns with its broader executive compensation strategy. The company has ensured indemnification for Kokenes in her role, consistent with its policies for other executives.