TIC Solutions
Provides industrial inspection, consulting engineering, and geospatial data services for critical assets.
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Profile
Provides inspection and mitigation, consulting engineering, and geospatial services to industrial operators, infrastructure owners, and public agencies, primarily in North America. Revenue comes largely from time-and-materials or cost-plus inspection work and fixed-price engineering and geospatial projects, with regulation, maintenance cycles, and public funding shaping demand.
Provides Testing, Inspection, Certification and Compliance services through three segments. Inspection and Mitigation performs nondestructive testing, rope-access work, and field repairs for industrial assets. Consulting Engineering covers infrastructure and building design, environmental consulting, and materials testing, while Geospatial collects and analyzes LiDAR, imagery, and remote-sensing data and sells related software.
Operates primarily in the United States and Canada, serving industrial operators, infrastructure owners, utilities, and public agencies. Its field technicians can inspect and mitigate problems at customer sites, backed by engineers, laboratories, aerial data collection, and analytics. Inspection work is mostly time-and-materials or cost-plus; engineering and geospatial work leans toward fixed-price projects. Demand depends on regulation, recurring maintenance and outages, industrial spending, government funding, project schedules, and retaining skilled technical labor.
Company facts
Key statistics
Year to date −3.3% · Average volume (30d) 2.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 21, 2026 | JP Morgan | Upgrade | Underweight | Neutral | ||
| Aug 11, 2026 | UBS | Upgrade | Neutral | Buy | $15 | $12.50 |
| Aug 7, 2026 | Robert W. Baird | Target | $11 | $10 | ||
| May 7, 2026 | Roth Capital | Target | $11.50 | |||
| May 7, 2026 | Robert W. Baird | Target | $15 | $11 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.00 | −$0.06 | — | $577.6M | $584.3M | +1.2% | +6.11% |
| May 6, 2026Q1 FY26 | $0.02 | −$0.07 | −450.0% | $474.9M | $488.0M | +2.8% | −2.91% |
| Mar 12, 2026Q4 FY25 | $0.06 | −$0.13 | −329.1% | $522.1M | $508.3M | −2.6% | −5.72% |
| Nov 12, 2025Q3 FY25 | $0.09 | −$0.08 | −188.8% | $521.6M | $473.9M | −9.1% | −3.84% |
Financial highlights
| 8 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $234.2M | $313.9M | $473.9M | $508.3M | $488.0M | $584.3M | |
| Gross profit | $43.7M | $74.1M | $152.7M | $178.9M | $121.3M | $204.2M | |
| Operating income | −$9.4M | $18.4M | −$6.5M | −$13.8M | −$29.1M | $10.8M | |
| Net income | −$25.8M | −$233.0K | −$13.9M | −$47.2M | −$41.5M | −$13.3M | |
| Diluted EPS | −$0.21 | −$0.00 | −$0.11 | −$0.34 | −$0.26 | −$0.08 | |
| Gross margin | 18.6% | 23.6% | 32.2% | 35.2% | 24.8% | 34.9% | |
| Operating margin | -4.0% | 5.8% | -1.4% | -2.7% | -6.0% | 1.9% |
Fiscal years (4-quarter sums)FY25 $1.53B
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $362.4M · Total debt $1.70B · Total assets $4.29B · Shareholders' equity $2.10B
Dividends
No dividends on record.
Ownership
Shares outstanding 221.04M · Float 96.95M · 43.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Viking Global Investors LP | 35.82M | 16.21% | 13F | Aug 14, 2026 |
| Permian Investment Partners, LP | 21.31M | 9.64% | 13F | Aug 14, 2026 |
| Gates Capital Management, Inc. | 19.50M | 8.82% | 13F | Aug 14, 2026 |
| Alyeska Investment Group, L.P. | 18.60M | 8.42% | 13F | Aug 14, 2026 |
| Progeny 3, Inc. | 15.56M | 7.04% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Nov 18, 2025 | Richard Tong | officer: General Counsel | −52,467 | $9.58 |
Peers
- Mistras Group
Technology-enabled NDT, pipeline integrity, and refinery turnaround services
- Team
Specialty industrial inspection, heat-treating, and mechanical services
- Tetra Tech
High-end environmental, water, and infrastructure consulting at $5B+ scale
- Stantec
Global engineering, architecture, and environmental consulting firm
- AECOM
Fortune 500 engineering and infrastructure consulting leader; GIS/UAS/geospatial
- Jacobs Solutions
Global infrastructure consulting and environmental engineering leader
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TIC Solutions | $9.56 | 0.00% | $2.11B | — | — | 1.0 | +86.1% |
| Mistras Group | $18.49 | 0.00% | $588.3M | 22.2 | 15.9 | 0.8 | +4.2% |
| Team | $24.74 | +0.81% | $113.1M | — | — | 0.1 | −7.8% |
| Tetra Tech | $36.54 | 0.00% | $9.48B | 22.0 | 21.6 | 1.9 | −19.0% |
| Stantec | $75.10 | +0.40% | $8.53B | 23.4 | 22.1 | 1.5 | −13.1% |
| AECOM | $69.38 | +0.29% | $8.89B | 31.7 | 11.2 | 0.6 | −61.5% |
| Jacobs Solutions | $151.98 | −0.01% | $17.95B | 53.3 | 18.9 | 1.3 | −20.2% |
| Median | 23.4 | 18.9 | 1.0 | −16.0% |