TIC - TIC Solutions, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$11.33
DETAILS
HIGH:
$12.50
LOW:
$10.00
MEDIAN:
$11.50
CONSENSUS:
$11.33
UPSIDE:
28.02%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 584.3 | 488.0 | 508.3 | 473.9 | 313.9 | 234.2 | 262.0 | 303.0 |
| Cost of Revenue | 380.2 | 366.8 | 329.4 | 321.2 | 239.8 | 190.5 | 207.6 | 228.3 |
| Gross Profit | 204.2 | 121.3 | 178.9 | 152.7 | 74.1 | 43.7 | 54.5 | 74.7 |
| Operating Expenses | ||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 193.3 | 150.3 | 192.6 | 140.5 | 0 | 0 | 46.5 | 122.5 |
| Other Expenses | 0 | 0 | 0 | 18.8 | 55.8 | 53.1 | 11.4 | 29.8 |
| Operating Expenses | 193.3 | 150.3 | 192.6 | 159.2 | 55.8 | 53.1 | 57.9 | 152.2 |
| Operating Income | ||||||||
| Operating Income | 10.8 | (29.1) | (13.8) | (6.5) | 18.4 | (9.4) | (3.4) | (77.5) |
| Interest Expense | 28.4 | 29.0 | 29.6 | 26.5 | 15.5 | 16.0 | 0 | 19.2 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||
| EBITDA | 72.2 | 29.9 | 51.7 | 65.0 | 48.4 | 19.8 | 34.9 | (20.3) |
| EBIT | 11.8 | (29.0) | (17.4) | (3.9) | 18.9 | (8.8) | 8.0 | (47.8) |
| Income Before Tax | (16.6) | (58.0) | (47.1) | (30.4) | 3.7 | (24.3) | (18.8) | (104.9) |
| Income Tax Expense | (3.2) | (16.5) | 0.1 | (16.6) | 3.9 | 1.5 | (3.2) | (6.1) |
| Net Income | (13.3) | (41.5) | (47.2) | (13.9) | (0.2) | (25.8) | (15.6) | (98.8) |
| Per Share Data | ||||||||
| EPS (Basic) | -0.09 | -0.27 | -0.34 | -0.11 | -0.00 | -0.21 | -0.13 | -1.15 |
| EPS (Diluted) | -0.08 | -0.26 | -0.34 | -0.11 | -0.00 | -0.21 | -0.13 | -1.15 |
| Shares Outstanding | 156.6 | 156.6 | 156.6 | 121.5 | 121.5 | 121.5 | 122.5 | 85.7 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2023 Q4 | 2023 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 362.4 | 426.6 | 439.5 | 164.4 | 130.1 | 155.7 | 139.1 | 132.5 | 87.1 | 138.0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 402.2 |
| Net Receivables | 585.0 | 527.0 | 520.7 | 577.6 | 257.6 | 206.7 | 236.5 | 278.2 | 233.2 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 66.9 | 66.8 | 60.8 | 49.9 | 11.4 | 14.3 | 18.6 | 0 | 13.6 | 0 |
| Total Current Assets | 1,014.3 | 1,020.4 | 1,021.0 | 791.9 | 399.1 | 376.7 | 394.2 | 426.7 | 333.9 | 540.6 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 293.7 | 300.5 | 315.8 | 317.1 | 216.4 | 214.0 | 219.2 | 218.4 | 134.7 | 0 |
| Goodwill | 1,661.5 | 1,647.5 | 1,649.6 | 1,564.4 | 876.8 | 849.0 | 845.9 | 898.2 | 511.5 | 0 |
| Intangible Assets | 1,311.9 | 1,352.0 | 1,391.4 | 1,533.5 | 742.1 | 733.1 | 740.7 | 768.7 | 264.3 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 9.7 | 10.3 | 17.0 | 12.8 | 7.1 | 6.8 | 6.9 | 16.2 | 18.2 | 0 |
| Total Non-Current Assets | 3,278.2 | 3,311.8 | 3,375.3 | 3,428.5 | 1,843.2 | 1,803.6 | 1,813.5 | 1,901.4 | 928.7 | 0 |
| Total Assets | 4,292.5 | 4,332.1 | 4,396.3 | 4,220.4 | 2,242.4 | 2,180.3 | 2,207.7 | 2,328.1 | 1,262.6 | 540.6 |
| Current Liabilities | ||||||||||
| Account Payables | 57.2 | 85.7 | 92.5 | 102.5 | 22.5 | 24.4 | 18.0 | 23.2 | 32.8 | 0 |
| Short-Term Debt | 23.1 | 23.5 | 25.5 | 24.5 | 7.7 | 7.7 | 7.8 | 7.7 | 7.3 | 0 |
| Deferred Revenue | 0 | 52 | 47.8 | 46.6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 223.9 | 12.7 | 8.6 | 6.1 | 0 | 0 | 0 | 1.6 | 0 | 0 |
| Total Current Liabilities | 348.2 | 333.4 | 319.0 | 329.0 | 119.2 | 107.9 | 106.3 | 117.8 | 112.9 | 0.5 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 1,589.6 | 1,585.4 | 1,587.7 | 1,590.9 | 743.5 | 744.7 | 747.0 | 748.3 | 668.0 | 0 |
| Deferred Tax Liabilities | 185.1 | 205.2 | 223.0 | 261.7 | 144.8 | 146.4 | 150.7 | 0 | 35.3 | 0 |
| Other Non-Current Liabilities | 14.4 | 12.9 | 20.7 | 21.3 | 13.1 | 12.6 | 11.8 | 212.4 | 26.3 | 0 |
| Total Non-Current Liabilities | 1,848.1 | 1,864.9 | 1,897.4 | 1,940.7 | 944.1 | 943.3 | 950.2 | 999.0 | 767.7 | 0 |
| Total Liabilities | 2,196.2 | 2,198.3 | 2,216.4 | 2,269.7 | 1,063.3 | 1,051.2 | 1,056.6 | 1,116.8 | 880.6 | 0.5 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0.1 | 0 |
| Retained Earnings | (249.0) | (235.7) | (194.1) | (146.9) | (133.0) | (132.8) | (107.0) | (91.4) | 17.4 | 0.4 |
| Accumulated Other Comprehensive Income | (24.4) | (1.6) | 11.1 | (2.7) | 15.4 | (32.9) | (35.5) | 10.9 | (0.8) | 0 |
| Total Stockholders' Equity | 2,096.3 | 2,133.9 | 2,179.9 | 1,950.7 | 1,179.1 | 1,129.0 | 1,151.2 | 1,211.4 | 382.0 | 540.1 |
| Total Liabilities & Equity | 4,292.5 | 4,332.1 | 4,396.3 | 4,220.4 | 2,242.4 | 2,180.3 | 2,207.7 | 2,328.1 | 1,262.6 | 540.6 |
| Debt Metrics | ||||||||||
| Total Debt | 1,703.0 | 1,702.5 | 1,712.8 | 1,715 | 813.2 | 809.6 | 812.6 | 810.4 | 730.0 | 0 |
| Net Debt | 1,340.6 | 1,275.9 | 1,273.3 | 1,550.6 | 683.2 | 653.8 | 673.4 | 677.9 | 642.9 | (138.0) |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Net Income | (13.3) | (41.4) | (47.2) | (18.6) | (0.2) | (25.8) | (15.6) | (98.8) | (5.5) | (1.3) | (14.5) | 1.0 | 3.6 | 3.6 |
| Depreciation & Amortization | 60.4 | 58.9 | 69.1 | 68.9 | 29.5 | 28.6 | 27.8 | 28.3 | 20.7 | 20.1 | 25.0 | 23.9 | 24.8 | 24.8 |
| Stock-Based Compensation | 11.3 | 0 | 7.9 | 0 | 1.9 | 1.1 | 1.8 | 63.0 | 16.8 | 0.9 | 0.9 | 2.4 | 0.9 | 0.9 |
| Change in Working Capital | (67.9) | (12.1) | 19.8 | (28.5) | (36.0) | 30.8 | 24.6 | 10.4 | (62.0) | 4.9 | 53.4 | 11.3 | (32.0) | (32.0) |
| Other Non-Cash Items | 8.3 | 21.8 | 9.0 | 0.9 | 5.7 | 2.4 | (17.9) | 8.3 | 0.3 | (3.7) | (3.8) | (2.0) | 1.9 | 1.9 |
| Operating Cash Flow | (9.8) | 9.9 | 49.7 | 2.4 | (6.5) | 32.8 | 20.7 | 11.1 | (29.7) | 20.9 | 61.0 | 36.6 | (0.9) | (0.9) |
| Investing Activities | ||||||||||||||
| Capital Expenditure | (19.7) | (5.7) | (12.6) | (15.7) | (8.0) | (4.5) | (9.8) | (6.4) | (5.8) | (5.5) | (6.6) | (6.1) | (4.8) | (4.8) |
| Acquisitions | (6.4) | (3.9) | (6.6) | (1,109.8) | (8.6) | (8.0) | 5.2 | (1,825.8) | (17.2) | (29.1) | 0 | (6.0) | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 1.0 | 1.3 | 1.5 | 0 | 0.5 | 0.3 | 0.5 | 0.3 | 0.7 | 0.3 | 0.4 | 0.6 | 0.3 | 0.3 |
| Investing Cash Flow | (25.1) | (8.3) | (17.6) | (1,125.5) | (16.2) | (12.2) | (4.1) | (1,831.9) | (22.3) | (34.4) | (6.2) | (11.5) | (4.4) | (4.4) |
| Financing Activities | ||||||||||||||
| Net Debt Issuance | (9.5) | (12.9) | (8.6) | 1,166.5 | (4.7) | (4.4) | (4.3) | 772.5 | (8.8) | 17.5 | (4.1) | 140.5 | 0 | 0 |
| Stock Repurchased | (15.7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (150) | 0 | 0 |
| Other Financing Activities | (2.8) | 0 | 0 | 0 | 0 | (1.2) | 0 | 645.3 | 1.8 | (1.8) | (0.2) | (2.7) | (16.4) | (16.4) |
| Financing Cash Flow | (27.9) | (12.9) | 241.9 | 1,166.5 | (4.7) | (5.6) | (4.3) | 1,417.7 | (7.0) | 15.7 | (4.3) | (12.1) | (16.4) | (16.4) |
| Cash Position | ||||||||||||||
| Net Change in Cash | (64.1) | (13.0) | 275.1 | 91.3 | (25.7) | 16.6 | 6.7 | 151.1 | (59.1) | 2.8 | 52.9 | 8.7 | 25.4 | 0 |
| Cash at Beginning | 426.6 | 439.5 | 164.4 | 130.1 | 155.7 | 139.1 | 181.9 | 30.8 | 89.9 | 87.1 | 34.2 | 25.4 | 0 | 0 |
| Cash at End | 362.4 | 426.6 | 439.5 | 221.4 | 130.1 | 155.7 | 188.6 | 181.9 | 30.8 | 89.9 | 87.1 | 34.2 | 25.4 | 0 |
| Free Cash Flow | (29.5) | 4.2 | 37.1 | (13.3) | (14.5) | 28.3 | 10.9 | 4.7 | (35.5) | 15.4 | 54.4 | 30.5 | (5.6) | (5.6) |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 584.3 | 488.0 | 508.3 | 473.9 | 313.9 | 234.2 | 262.0 | 303.0 | ||||||
| Gross Profit | 204.2 | 121.3 | 178.9 | 152.7 | 74.1 | 43.7 | 54.5 | 74.7 | ||||||
| Operating Income | 10.8 | (29.1) | (13.8) | (6.5) | 18.4 | (9.4) | (3.4) | (77.5) | ||||||
| Net Income | (13.3) | (41.5) | (47.2) | (13.9) | (0.2) | (25.8) | (15.6) | (98.8) | ||||||
| EPS (Diluted) | -0.08 | -0.26 | -0.34 | -0.11 | -0.00 | -0.21 | -0.13 | -1.15 | ||||||
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 362.4 | 426.6 | 439.5 | 164.4 | 130.1 | 155.7 | 139.1 | 132.5 | 87.1 | 138.0 | ||||
| Total Assets | 4,292.5 | 4,332.1 | 4,396.3 | 4,220.4 | 2,242.4 | 2,180.3 | 2,207.7 | 2,328.1 | 1,262.6 | 540.6 | ||||
| Total Debt | 1,703.0 | 1,702.5 | 1,712.8 | 1,715 | 813.2 | 809.6 | 812.6 | 810.4 | 730.0 | 0 | ||||
| Stockholders' Equity | 2,096.3 | 2,133.9 | 2,179.9 | 1,950.7 | 1,179.1 | 1,129.0 | 1,151.2 | 1,211.4 | 382.0 | 540.1 | ||||
| Cash Flow | ||||||||||||||
| Operating Cash Flow | (9.8) | 9.9 | 49.7 | 2.4 | (6.5) | 32.8 | 20.7 | 11.1 | (29.7) | 20.9 | 61.0 | 36.6 | (0.9) | (0.9) |
| Capital Expenditure | (19.7) | (5.7) | (12.6) | (15.7) | (8.0) | (4.5) | (9.8) | (6.4) | (5.8) | (5.5) | (6.6) | (6.1) | (4.8) | (4.8) |
| Free Cash Flow | (29.5) | 4.2 | 37.1 | (13.3) | (14.5) | 28.3 | 10.9 | 4.7 | (35.5) | 15.4 | 54.4 | 30.5 | (5.6) | (5.6) |