Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data TIC Solutions, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2023
FY2025
Revenue
1,050
1,530
Cost of revenue
811
1,081
Gross profit
240
449
Selling, general and administrative
441
Operating income
-17.1
Pre-tax income
-98.2
Income tax
-11.1
Net income
-87.1
EBITDA
161
Dividend per share
10.28
Balance sheet
FY2023
FY2025
Cash and equivalents
440
Receivables
366
Other current assets
60.8
Total current assets
1,021
Property, plant and equipment
256
Lease right-of-use assets
60.2
Goodwill
1,650
Intangible assets
1,391
Other non-current assets
17
Total assets
4,396
Accounts payable
60.4
Accrued liabilities
58.7
Deferred revenue
47.8
Short-term debt
25.5
Total current liabilities
319
Long-term debt
1,588
Lease liabilities
66
Other non-current liabilities
20.7
Total liabilities
2,216
Total debt
1,613
Paid-in capital
2,363
Retained earnings
-194
Other comprehensive income
11.1
Shareholders' equity
2,180
Total equity
2,180
Total liabilities and equity
4,396
Shares outstanding
220
Cash flow statement
FY2023
FY2025
Net income
-87.1
Depreciation and amortization
94.8
178
Stock-based compensation
17.2
Deferred income tax
-32.8
Change in receivables
41.1
Change in payables
-1.44
Cash from operations
95
Capital expenditures
-33.8
Acquisitions
-845
Cash from investing
-874
Debt issued
875
Debt repaid
-12.1
Stock issued
250
Dividends paid
0
Cash from financing
1,076
Exchange rate effect
3.75
Net change in cash
300
Free cash flow
61.3
Interest paid
80.8
Income taxes paid
27.8
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $8.73 on September 28, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
33.9%
Gross profit / revenue.
Operating margin
-2.2%
Operating income / revenue.
EBITDA margin
9.5%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-7.4%
Pre-tax income / revenue.
Net margin
-5.6%
Net income / revenue.
FCF margin
1.1%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
3.4%
Cash from operations / revenue.
Return on equity (ROE)
-5.5%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-2.7%
Net income / average total assets.
Return on invested capital (ROIC)
-1.0%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue
32.9%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
1.9%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
2.3%
Capital expenditures / revenue.
D&A / revenue
11.7%
Depreciation and amortization / revenue.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
2.91x
Current assets / current liabilities.
Quick ratio
2.14x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.04x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.77x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
37.6%
Total debt / total assets.
Liabilities / assets
51.2%
Total liabilities / total assets.
Net debt
$1.25B
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
6.40x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Market cap + total debt - cash - short-term investments.
P/S
0.93x
Market cap / revenue.
P/B
0.91x
Market cap / shareholders' equity. Only when equity is positive.
P/FCF
85.7x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
27.7x
Market cap / cash from operations, when positive.
EV/Sales
1.54x
Enterprise value / revenue.
EV/EBITDA
16.2x
Enterprise value / EBITDA, when both are positive.
EV/FCF
142x
Enterprise value / free cash flow, when both are positive.
FCF yield
1.2%
Free cash flow / market cap.
Earnings yield
-6.1%
Net income / market cap (the inverse of P/E).
What was TIC Solutions, Inc.'s revenue in fiscal 2025?
TIC Solutions, Inc. reported revenue of $1.53B for fiscal 2025, 45.7% higher than the year before.
Was TIC Solutions, Inc. profitable in fiscal 2025?
No. It reported a net loss of $87.1M.
How much free cash flow did TIC Solutions, Inc. generate in fiscal 2025?
Cash from operations of $95.0M minus capital expenditures of $33.8M left free cash flow of $61.3M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.