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TIC Solutions, Inc.

TICIndustrialsNASDAQ

Specialty Business Services · Last scanned Jun 3, 2026

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Financials · Annual
Revenue
$1.53B
+45.7% YoY
Net Income
-$87.1M
-1285.2% YoY
EBITDA
$167.8M
+11.4% YoY
Free Cash Flow
-$23.1M

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About TIC Solutions, Inc.

Headquartered within the industrials sector, TIC Solutions, Inc. focuses on Specialty Business Services services and products. TIC Solutions, Inc. provides critical asset integrity services in North America. At a $1.83B market cap, TIC Solutions, Inc. ranks as a small-cap company within industrials. The company offers testing, inspection, certification, and compliance (TICC) services, including various nondestructive testing (NDT) techniques, such as radiography, ultrasonic testing, magnetic particle inspection, penetrant testing, and visual inspection.

Key stats
Market Cap$1.83B
Fwd P/E16.54
EPS$-0.58
Beta1.91
52W Change-17.9%
ROE-6.3%
Analysis

On the balance sheet, TIC has $426.6M in cash with $1.70B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company is burning cash, with free cash flow at -$23.1M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of -6.3% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 0.3% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $928.3M (2022) to $1.53B (2025), reflecting a 65% increase over the period.

With a beta above 1.5, TIC tends to amplify broader market moves — both up and down. This higher volatility means larger price swings are common. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence TIC Solutions, Inc.'s trajectory.

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