TIC Solutions (TIC)


Market Price (10/20/2026): $8.82 | Market Cap: $1.9 BilSector: Industrials | Industry: Diversified Support Services

TIC Solutions (TIC)


Market Price (10/20/2026): $8.82
Market Cap: $1.9 Bil
Sector: Industrials
Industry: Diversified Support Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Megatrend and thematic drivers
Megatrends include Cloud Computing, Cybersecurity, and Automation & Robotics. Themes include Hybrid Cloud Solutions, Show more.

Weak multi-year price returns
2Y Excs Rtn is -44%, 3Y Excs Rtn is -79%

Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.35

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -20 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.0%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 70%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -10%

Key risks
TIC key risks include [1] integration and litigation from recent acquisitions, Show more.

0 Megatrend and thematic drivers
Megatrends include Cloud Computing, Cybersecurity, and Automation & Robotics. Themes include Hybrid Cloud Solutions, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -44%, 3Y Excs Rtn is -79%
2 Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.35
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -20 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.0%
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 70%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -10%
6 Key risks
TIC key risks include [1] integration and litigation from recent acquisitions, Show more.

TIC in ETFs

Weight = TIC's share of each fund

VTI0.00%
ITOT0.00%
IWM0.06%
ESML0.05%
VTWO0.05%
FNDA0.05%
SCHA0.04%
DFAS0.03%
+4 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/6/2026

TIC Solutions (TIC) stock has gained about 10% since 6/30/2026 because of the following key factors:

1. Strong Fiscal Q2 2026 Earnings Performance and Reaffirmed Full-Year Guidance.

TIC Solutions reported its fiscal Q2 2026 earnings on August 6, 2026, with diluted earnings per share (EPS) of $0.14, exceeding the consensus estimate of $0.10 by $0.04. The company's revenue for the quarter reached $584.3 million, marking an 86% year-over-year increase, primarily attributed to the acquisition of NV5. Following these results, TIC Solutions reaffirmed its full-year 2026 revenue guidance, projecting $2.15 billion to $2.25 billion, and adjusted EBITDA guidance of $330 million to $355 million. This robust performance and positive outlook contributed to a 6.1% stock gain the day after the earnings announcement.

2. Strategic Acquisitions Expanding Capabilities and Revenue.

In August 2026, TIC Solutions announced the completion of three strategic acquisitions: we-do-IT, GeoVerra, and Core Group. These acquisitions are anticipated to collectively generate approximately $90 million in annualized revenue. The move is expected to expand TIC Solutions' technical capabilities and strengthen its geographic presence, particularly in key markets such as Canada and Europe, thereby supporting cross-selling opportunities and overall growth across its integrated service platform.

Show more
Updated on 10/6/2026

TIC Solutions (TIC) stock has gained about 10% since 6/30/2026 because of the following key factors:

1. Strong Fiscal Q2 2026 Earnings Performance and Reaffirmed Full-Year Guidance.

TIC Solutions reported its fiscal Q2 2026 earnings on August 6, 2026, with diluted earnings per share (EPS) of $0.14, exceeding the consensus estimate of $0.10 by $0.04. The company's revenue for the quarter reached $584.3 million, marking an 86% year-over-year increase, primarily attributed to the acquisition of NV5. Following these results, TIC Solutions reaffirmed its full-year 2026 revenue guidance, projecting $2.15 billion to $2.25 billion, and adjusted EBITDA guidance of $330 million to $355 million. This robust performance and positive outlook contributed to a 6.1% stock gain the day after the earnings announcement.

2. Strategic Acquisitions Expanding Capabilities and Revenue.

In August 2026, TIC Solutions announced the completion of three strategic acquisitions: we-do-IT, GeoVerra, and Core Group. These acquisitions are anticipated to collectively generate approximately $90 million in annualized revenue. The move is expected to expand TIC Solutions' technical capabilities and strengthen its geographic presence, particularly in key markets such as Canada and Europe, thereby supporting cross-selling opportunities and overall growth across its integrated service platform.

3. Positive Analyst Upgrades and Increased Price Targets.

During fiscal Q3 2026, several Wall Street analysts upgraded TIC Solutions' stock rating and raised their price targets, signaling a more optimistic outlook for the company. Notably, UBS Group upgraded the stock from "neutral" to "buy" and increased its price target from $11.00 to $12.50 on August 11, 2026. JPMorgan Chase & Co. also upgraded TIC Solutions from an "underweight" to a "neutral" rating, raising its price objective from $9.00 to $11.00 on August 21, 2026. The average analyst price target for TIC Solutions currently ranges from $12.00 to $12.14, suggesting a notable upside from recent trading levels.

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Stock Movement Drivers

Fundamental Drivers

The 8.3% change in TIC stock from 6/30/2026 to 10/19/2026 was primarily driven by a 15.2% change in the company's Total Revenues ($ Mil).
(LTM values as of)630202610192026Change
Stock Price ($)8.098.768.3%
Change Contribution By: 
Total Revenues ($ Mil)1,7842,05515.2%
P/S Multiple1.00.9-6.0%
Shares Outstanding (Mil)2172170.0%
Cumulative Contribution8.3%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/19/2026
ReturnCorrelation
TIC8.3% 
Market (SPY)2.6%46.7%
Sector (XLI)-10.0%34.6%

Fundamental Drivers

The 33.1% change in TIC stock from 3/31/2026 to 10/19/2026 was primarily driven by a 34.3% change in the company's Total Revenues ($ Mil).
(LTM values as of)331202610192026Change
Stock Price ($)6.588.7633.1%
Change Contribution By: 
Total Revenues ($ Mil)1,5302,05534.3%
P/S Multiple0.90.9-0.1%
Shares Outstanding (Mil)216217-0.7%
Cumulative Contribution33.1%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/19/2026
ReturnCorrelation
TIC33.1% 
Market (SPY)18.2%43.5%
Sector (XLI)3.3%34.3%

Fundamental Drivers

The -34.2% change in TIC stock from 9/30/2025 to 10/19/2026 was primarily driven by a -44.1% change in the company's Shares Outstanding (Mil).
(LTM values as of)930202510192026Change
Stock Price ($)13.318.76-34.2%
Change Contribution By: 
Total Revenues ($ Mil)�2,0550.0%
P/S Multiple�0.90.0%
Shares Outstanding (Mil)121217-44.1%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/19/2026
ReturnCorrelation
TIC-34.2% 
Market (SPY)16.0%50.4%
Sector (XLI)9.0%42.8%

Fundamental Drivers

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Market Drivers

9/30/2023 to 10/19/2026
ReturnCorrelation
TIC  
Market (SPY)85.5%31.2%
Sector (XLI)71.0%31.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
TIC Return--0%42%-21%-14%-4%
Peers Return27%-17%7%-15%6%0%1%
S&P 500 Return27%-19%24%23%16%12%104%

Monthly Win Rates [3]
TIC Win Rate--0%17%58%30% 
Peers Win Rate61%39%56%44%39%54% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
TIC Max Drawdown---0%-38%-44% 
Peers Max Drawdown-14%-33%-33%-37%-33%-43% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: UHAL, HTZ, SUNB, VAI, CTAS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/19/2026 (YTD)

How Low Can It Go

EventTICS&P 500
2025 US Tariff Shock
  % Loss-26.6%-18.8%
  % Gain to Breakeven36.3%23.1%
  Time to Breakeven156 days79 days

Compare to UHAL, HTZ, SUNB, VAI, CTAS

In The Past

TIC Solutions's stock fell -26.6% during the 2025 US Tariff Shock. Such a loss loss requires a 36.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventTICS&P 500
2025 US Tariff Shock
  % Loss-26.6%-18.8%
  % Gain to Breakeven36.3%23.1%
  Time to Breakeven156 days79 days

Compare to UHAL, HTZ, SUNB, VAI, CTAS

In The Past

TIC Solutions's stock fell -26.6% during the 2025 US Tariff Shock. Such a loss loss requires a 36.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About TIC Solutions (TIC)

TIC Solutions, Inc. (symbol: TIC) is a North American provider of critical asset integrity services. The company specializes in Testing, Inspection, Certification, and Compliance (TICC) services, which are essential for maintaining the safety, reliability, and regulatory compliance of industrial equipment without causing damage. A core offering within TICC includes various nondestructive testing (NDT) techniques such as radiography, ultrasonic testing, and visual inspection, crucial for preventing costly failures and accidents across diverse industries.

Beyond NDT, TIC Solutions offers comprehensive rope access technician solutions for tasks like inspection, welding, and electrical services in hard-to-reach areas. Their TICC portfolio also incorporates support from consulting engineers for specialized needs such as failure investigation, material selection, and corrosion engineering. Furthermore, the company provides geospatial services, leveraging data collection, analytics, and software to support effective asset management and infrastructure planning.

TIC Solutions serves a broad spectrum of industrial markets. Its customer base spans critical sectors including chemical, pipeline, refinery, power generation, oilsands, automotive, aerospace, mining, manufacturing, renewable energy, and pulp and paper, demonstrating its widespread impact on industrial infrastructure across North America.

AI Analysis | Feedback

Here are a few brief analogies for TIC Solutions:

  • TIC Solutions is like **SGS** for industrial infrastructure, providing expert testing, inspection, and certification services to ensure critical asset integrity.
  • TIC Solutions is like **AAA** for major industrial facilities, offering critical diagnostics, maintenance, and emergency support to prevent costly breakdowns.

AI Analysis | Feedback

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  • Nondestructive Testing (NDT) Services: Inspection and evaluation of industrial equipment using various technology-enabled methods to ensure asset integrity without damaging the asset.
  • Rope Access Technician Solutions: Specialized services for inspection, testing, and maintenance tasks, including welding, insulation, and electrical work, often in challenging industrial environments.
  • Engineering Consulting and Destructive Testing: Expert support services covering failure investigation, material selection, corrosion and welding engineering, fracture mechanics, and chemical analysis.
  • Geospatial Services: Solutions involving data collection, data analytics, and software to support asset management and infrastructure planning.
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AI Analysis | Feedback

TIC Solutions, Inc. (TIC) Major Customers

TIC Solutions, Inc. primarily sells its critical asset integrity services to other companies (B2B) within a diverse range of industrial markets. The provided background information does not list specific customer company names or their public symbols. Instead, it identifies the various industrial sectors and types of companies that constitute its customer base. These include:

  • Chemical companies
  • Pipeline operators
  • Refineries
  • Power generation facilities
  • Oilsands operations
  • Automotive manufacturers
  • Aerospace companies
  • Mining operations
  • Manufacturing companies
  • Renewable energy sector companies
  • Pulp and paper mills

AI Analysis | Feedback

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AI Analysis | Feedback

Benjamin Heraud, Chief Executive Officer

Benjamin Heraud was appointed Chief Executive Officer of TIC Solutions in March 2026. Prior to this, he served as President and Chief Operating Officer of TIC Solutions from August 2025 to March 2026. Mr. Heraud was Chief Executive Officer of NV5 Global, Inc. from January 2025 until its acquisition by TIC Solutions (then Acuren Corporation) in August 2025. From March 2024 until January 2025, he served as Co-Chief Executive Officer of NV5, and before that, he was Chief Operating Officer for NV5 since May 2017, when he joined NV5 through the acquisition of Energenz. Mr. Heraud co-founded Energenz in Hong Kong in November 2009 and served as its Chief Executive Officer from 2013 until its acquisition by NV5.

Kristin Schultes, Chief Financial Officer

Kristin Schultes was appointed Chief Financial Officer of TIC Solutions in December 2024. She joined TIC Solutions from APi Group ('APG'), where she most recently served as the Vice President of Corporate Development since January 2021. Prior to that, Ms. Schultes held several key financial and operational leadership positions at Metropolitan Mechanical Contractors, Inc., a portfolio company of APi Group, including President and Chief Financial Officer. She began her career in public accounting, working with Deloitte and Grant Thornton, where she focused on attestation, M&A, and Sarbanes-Oxley compliance.

MaryJo O'Brien, Chief Human Resources Officer

Ms. O'Brien was appointed Chief Human Resources Officer of TIC Solutions in August 2025. She has over 24 years of experience in human resources, administration, and the engineering and consulting engineering industry. She previously served as Executive Vice President of Human Resources and Administration at NV5 since 2010. From March 2008 through November 2009, she was Director of Human Resources for Nova Group Services, Inc. Prior to March 2008, she held various management positions with Bureau Veritas North America from September 2002 to January 2008.

Shamus Sullivan, President Inspection & Mitigation

Shamus Sullivan serves as the President of Inspection & Mitigation at TIC Solutions.

Alex Hockman, President Consulting Engineering & Geospatial

Alex Hockman serves as the President of Consulting Engineering & Geospatial at TIC Solutions.

AI Analysis | Feedback

Key Risks to the Business of TIC Solutions, Inc.

  1. Sensitivity to Industrial Cycles and Economic Downturns: TIC Solutions, Inc. provides critical asset integrity services to a broad spectrum of industrial markets, including chemical, pipeline, refinery, power generation, oilsands, automotive, aerospace, mining, manufacturing, renewable energy, and pulp and paper. The demand for their testing, inspection, certification, and compliance (TICC) services is highly dependent on the capital expenditure, maintenance budgets, and operational activity levels within these industries. A significant economic downturn, recession, or slowdown in these key industrial sectors could lead to reduced demand for their services, impacting revenue and profitability.

  2. Technological Disruption and Advancements in Inspection Methodologies: While TIC Solutions utilizes various established nondestructive testing (NDT) techniques and offers specialized solutions like rope access, the industrial inspection and asset management sector is subject to ongoing technological innovation. The emergence of new, highly automated, artificial intelligence-driven, or advanced robotics and drone-based inspection technologies could potentially offer more efficient, safer, or lower-cost alternatives to current methods. Failure by TIC Solutions to rapidly adapt, invest in, or integrate such disruptive technologies could erode its competitive advantage and market share.

  3. Regulatory and Compliance Environment Changes: A core aspect of TIC Solutions' business is assisting clients in meeting regulatory requirements and ensuring asset integrity. Changes in government regulations, industry standards, or environmental mandates related to industrial safety, asset maintenance, or operational compliance could significantly impact the demand for their services. While stricter regulations could potentially increase demand for compliance-related services, adverse changes, such as less stringent oversight in certain areas, or the introduction of complex new regulations that are costly to implement, could negatively affect their business model or increase their operational costs.

AI Analysis | Feedback

The increasing automation of asset integrity services, particularly through advanced robotics, autonomous drones, and artificial intelligence-powered inspection and data analysis, poses a clear emerging threat to TIC Solutions. These technologies have the potential to perform many of TIC's core nondestructive testing (NDT) techniques, such as visual, ultrasonic, and radiographic inspections, more efficiently, safely, and cost-effectively than human technicians. This could significantly reduce the demand for human-delivered testing, inspection, and rope access technician solutions across the industrial markets TIC serves.

AI Analysis | Feedback

TIC Solutions, Inc. (symbol: TIC) operates in several addressable markets within North America. The company provides testing, inspection, certification, and compliance (TICC) services, including various nondestructive testing (NDT) techniques, market rope access technician solutions, and geospatial services. The addressable markets for TIC Solutions' main products and services in North America are:
  • Nondestructive Testing (NDT) Services: The North American NDT market was valued at approximately USD 6.7 billion in 2025 and is projected to reach USD 7.3 billion in 2026. Another estimate indicates the North America Non-Destructive Testing Services Market was USD 6.5 billion in 2025.
  • Rope Access Technician Solutions: The rope access services market in North America generated approximately USD 1.05 billion in revenue in 2025. It is expected to grow to USD 1,122.5 million in 2026.
  • Geospatial Services: The North American geospatial solutions market, which includes data collection, data analytics, and software solutions supporting asset management and infrastructure planning, generated USD 166.65 billion in 2025. This market is expected to reach USD 189.55 billion in 2026.

AI Analysis | Feedback

For TIC Solutions, Inc. (symbol: TIC), several key drivers are expected to fuel future revenue growth over the next 2-3 years:

  1. Integration and Cross-selling following the NV5 Acquisition: The successful integration of NV5 Global, acquired in August 2025, is a significant driver. TIC Solutions anticipates realizing substantial revenue synergies by combining the service offerings of legacy Acuren and NV5, enabling cross-selling to a broader customer base and expanding their overall platform. This strategy aims to leverage the combined entity's scale and diverse capabilities.
  2. Expansion in High-Growth End Markets, notably Data Centers and Infrastructure: The company is experiencing robust demand within its Consulting Engineering and Geospatial segments, with particular strength in the data center market. Management expects revenue from data centers alone to grow significantly, projecting $100 million in 2026, up from $70 million in 2025. Growth is also supported by broader trends in transportation infrastructure, manufacturing, midstream energy, and power generation.
  3. Technological Advancement and Data-Driven Solutions: TIC Solutions is positioning itself as a tech-enabled provider, focusing on the digitization of the physical world. This includes leveraging advanced geospatial services, data analytics, and various technology-enabled inspection methods like drone and robotics-based testing, which enhance efficiency and expand service offerings. This strategic emphasis on technology is expected to drive demand for its services.
  4. Strategic Bolt-on Acquisitions: The company has a stated strategy of pursuing smaller, immediately accretive bolt-on acquisitions to expand its platform further. These acquisitions are designed to enhance exposure to higher-margin, faster-growing areas of the industry. Recent examples in August 2026, such as the acquisitions of We-do-it Inc. and GeoVerra Holdings Inc., are indicative of this ongoing growth strategy.

AI Analysis | Feedback

Share Repurchases

  • The Board of Directors authorized a $200 million stock repurchase program on March 10, 2026.
  • The share repurchase program has no expiration date and allows for repurchased shares to be retired.

Share Issuance

  • In October 2025, the company completed a $250 million private placement, issuing approximately 20.8 million shares of common stock (or pre-funded warrants) to an existing shareholder.
  • In August 2025, approximately 79 million shares of Acuren common stock were issued to NV5 shareholders as part of the $1.7 billion merger with NV5 Global, Inc.

Inbound Investments

  • An existing investor made a $250 million private placement in October 2025, acquiring approximately 20.8 million shares of common stock (or pre-funded warrants) for general corporate purposes.

Outbound Investments

  • On August 18, 2026, TIC Solutions acquired we-do-IT Inc., GeoVerra Holdings Inc., and Core Group Limited, which collectively generate approximately $90 million in annualized revenue and expand the company's technical capabilities and geographic reach into Canada and Europe.
  • In August 2025, Acuren Corporation completed its transformational merger with NV5 Global, Inc. for approximately $1.7 billion, creating a combined entity with over $2 billion in revenue, aimed at broadening its service offerings and market reach.
  • In 2025, the company completed 12 smaller acquisitions.

Capital Expenditures

  • Capital expenditures for the last 12 months (as of September 24, 2026) were -$46.65 million.
  • The company anticipates capital expenditures of approximately $70 million-$80 million in 2025 and $55 million-$65 million in 2026, primarily for equipment and fleet replacement.

Peer Outperformance in Diversified Support Services

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Share of Diversified Support Services constituents that TIC has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
21%
of 38 industry peers · -26.3% return
3Y
—
insufficient peer history
5Y
—
insufficient peer history
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Median price return by industry across the Industrials sector, ranked by 5Y. Diversified Support Services is TIC's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Construction & Engineering 30 -0.2%113.7%164.2% STRL 1759% · FIX 1743% · AGX 772%
Marine Transportation 5 59.4%45.4%119.0% MATX 199% · KEX 146%
Construction Machinery & Heavy Transportation Equipment 13 -3.1%50.6%85.7% CAT 293% · ALSN 241% · WAB 221%
Aerospace & Defense 52 -10.6%55.0%63.9% ATI 1052% · FTAI 783% · HWM 623%
Trading Companies & Distributors 19 10.3%39.2%48.0% DXPE 455% · AIT 259% · URI 201%
Industrial Machinery & Supplies & Components 72 10.5%55.8%38.1% CRS 1111% · MLI 468% · SYM 292%
Rail Transportation 7 28.5%62.3%30.6% CSX 50% · UNP 42% · NSC 31%
Cargo Ground Transportation 16 32.6%4.2%23.4% XPO 276% · R 209% · ARCB 55%
Diversified Support Services ← 34 14.0%28.3%23.1% CXW 227% · OPLN 145% · CACI 119%
Building Products 32 -11.7%11.9%19.2% GFF 332% · TT 182% · JCI 126%
Electrical Components & Equipment 37 -8.5%72.8%13.2% POWL 2005% · BE 944% · VRT 786%
Industrial Conglomerates 17 10.8%3.6%-8.5% CSW 117% · DD 64% · CSL 62%
Agricultural & Farm Machinery 16 3.5%-4.6%-14.0% DE 95% · TTC 10% · AGCO -8%
Data Processing & Outsourced Services 6 -24.2%-5.0%-20.6% EXLS 60% · BR 6% · G -20%
Security & Alarm Services 9 -58.0%12.6%-24.5% BCO 77%
Office Services & Supplies 9 19.5%19.1%-27.0% PBI 197% · TILE 140% · HNI 42%
Research & Consulting Services 13 -2.5%-19.0%-29.8% HURN 253% · FCN 2% · BAH 1%
Passenger Ground Transportation 3 -24.2%62.8%-32.2% UBER 49% · CAR -32% · LYFT -66%
Environmental & Facilities Services 29 -32.3%24.2%-32.5% GEO 232% · CLH 184% · RSG 90%
Air Freight & Logistics 12 -28.8%-23.9%-39.9% FDX 77% · EXPD 76% · CHRW 60%
Passenger Airlines 11 -2.5%7.6%-40.2% LTM 3048% · UAL 107% · DAL 92%
Human Resource & Employment Services 22 11.4%-17.1%-44.6% ADP 50% · PAYX 6% · FA 1%
Airport Services 4 -70.6%-67.9%-83.0% JOBY -49%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1TIC Solutions Earnings Notes12/16/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

TICUHALHTZSUNBVAICTASMedian
NameTIC Solu.U-Haul Hertz Gl.Sunbelt .Valor En.Cintas  
Mkt Price8.8255.621.8476.502.60212.7532.22
Mkt Cap1.910.90.6--85.16.4
Rev LTM2,0556,0898,906-311,5616,089
Op Inc LTM-20435248--32,730248
FCF LTM22-1,234-10,185-02,0330
FCF 3Y Avg--1,594-8,518--11,844-798
CFO LTM691,8261,429-02,4341,429
CFO 3Y Avg-1,6221,888--12,2491,755

Growth & Margins

TICUHALHTZSUNBVAICTASMedian
NameTIC Solu.U-Haul Hertz Gl.Sunbelt .Valor En.Cintas  
Rev Chg LTM-3.0%3.4%--52.5%9.5%3.2%
Rev Chg 3Y Avg-1.7%-0.3%-172.4%8.7%5.2%
Rev Chg Q86.1%3.2%9.7%--59.3%10.9%9.7%
QoQ Delta Rev Chg LTM15.2%0.9%2.4%--18.4%2.6%2.4%
Op Inc Chg LTM--40.1%127.6%-27.7%13.0%20.4%
Op Inc Chg 3Y Avg--31.8%-236.1%-28.1%13.6%-9.1%
Op Mgn LTM-1.0%7.1%2.8%--115.2%23.6%2.8%
Op Mgn 3Y Avg-12.2%-2.9%--89.4%22.8%4.6%
QoQ Delta Op Mgn LTM-0.3%-0.5%0.7%--7.4%0.3%-0.3%
CFO/Rev LTM3.4%30.0%16.0%-10.3%21.1%16.0%
CFO/Rev 3Y Avg-27.5%21.1%--3.6%21.2%21.1%
FCF/Rev LTM1.1%-20.3%-114.4%-9.3%17.6%1.1%
FCF/Rev 3Y Avg--27.2%-95.7%--12.7%17.4%-20.0%

Valuation

TICUHALHTZSUNBVAICTASMedian
NameTIC Solu.U-Haul Hertz Gl.Sunbelt .Valor En.Cintas  
Mkt Cap1.910.90.6--85.16.4
P/S0.91.80.1--7.41.4
P/Op Inc-96.925.02.4--31.213.7
P/EBIT-49.723.50.8--31.512.2
P/E-16.5171.0-2.1--41.319.6
P/CFO27.86.00.4--35.016.9
Total Yield-6.1%0.9%-47.8%--3.3%-2.6%
Dividend Yield0.0%0.3%0.0%--0.9%0.2%
FCF Yield 3Y Avg--13.1%-811.9%--2.3%-13.1%
D/E0.90.736.2--0.00.8
Net D/E0.70.635.1--0.00.6

Returns

TICUHALHTZSUNBVAICTASMedian
NameTIC Solu.U-Haul Hertz Gl.Sunbelt .Valor En.Cintas  
1M Rtn-2.6%-13.5%1.1%4.0%22.6%7.6%2.5%
3M Rtn34.9%-21.5%4.5%6.7%52.0%5.7%6.2%
6M Rtn-0.6%4.2%-76.4%7.3%52.0%19.7%5.7%
12M Rtn-25.8%0.3%-64.7%5.2%52.0%14.2%2.7%
3Y Rtn-2.0%7.8%-83.2%5.2%52.0%75.4%6.5%
1M Excs Rtn-2.8%-13.6%1.0%3.8%22.5%7.5%2.4%
3M Excs Rtn24.0%-23.6%-2.5%4.6%50.1%4.4%4.5%
6M Excs Rtn-8.4%-3.5%-84.2%-0.5%44.5%11.9%-2.0%
12M Excs Rtn-43.8%-16.1%-83.7%-10.5%36.9%1.0%-13.3%
3Y Excs Rtn-78.6%-72.2%-159.8%-71.6%-22.1%-6.6%-71.9%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252023
Inspection and Mitigation1,0991,050
Consulting Engineering3000
Geospatial1310
Corporate and Eliminations00
Total1,5301,050


Assets by Segment
$ Mil2025202420232022
Inspection and Mitigation2,012   
Consulting Engineering1,174   
Geospatial633   
Corporate and Eliminations578   
Single Segment 2,2085541,300
Total4,3962,2085541,300


Price Behavior

Price Behavior
Market Price$8.76 
Market Cap ($ Bil)1.9 
First Trading Date12/28/2023 
Distance from 52W High-29.7% 
   50 Days200 Days
DMA Price$9.20$8.81
DMA Trendupdown
Distance from DMA-4.8%-0.5%
 3M1YR
Volatility54.5%51.5%
Downside Capture193.80273.21
Upside Capture293.30186.92
Correlation (S&P 500)47.8%49.4%
TIC Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta1.732.992.401.802.030.00
Up Beta1.032.261.631.951.49-0.01
Down Beta1.563.602.150.851.990.07
Up Capture124%381%304%237%247%40%
Bmk +ve Days6162766132424
Stock +ve Days10193062117210
Down Capture301%247%241%181%170%98%
Bmk -ve Days16263760120328
Stock -ve Days12223362132217

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TIC
TIC-28.8%51.5%-0.49-
Sector ETF (XLI)11.0%17.2%0.4341.3%
Equity (SPY)17.1%12.7%0.9548.6%
Gold (GLD)-4.2%29.3%-0.1529.9%
Commodities (DBC)52.6%20.7%1.93-8.2%
Real Estate (VNQ)3.9%13.7%0.0322.6%
Bitcoin (BTCUSD)-24.8%43.7%-0.5327.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TIC
TIC-6.7%52.2%-0.20-
Sector ETF (XLI)12.4%17.6%0.5336.6%
Equity (SPY)13.5%17.1%0.6035.9%
Gold (GLD)18.3%18.9%0.7822.4%
Commodities (DBC)9.8%19.5%0.383.9%
Real Estate (VNQ)1.3%18.8%-0.0426.6%
Bitcoin (BTCUSD)7.2%51.8%0.3223.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TIC
TIC-3.4%52.2%-0.20-
Sector ETF (XLI)13.1%20.0%0.5736.6%
Equity (SPY)15.3%17.9%0.7235.9%
Gold (GLD)12.2%16.4%0.6122.4%
Commodities (DBC)8.3%18.1%0.373.9%
Real Estate (VNQ)5.1%20.7%0.2126.6%
Bitcoin (BTCUSD)63.0%66.2%1.0323.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9302026
Short Interest: Shares Quantity21.1 Mil
Short Interest: % Change Since 915202626.0%
Average Daily Volume1.7 Mil
Days-to-Cover Short Interest12.4 days
Basic Shares Quantity217.2 Mil
Short % of Basic Shares9.7%

Earnings Returns History

Updated 9/9/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/20266.1%24.6%13.6%
5/6/20268.5%-1.1%-10.9%
3/12/2026-9.0%-9.2%-15.4%
11/12/2025-4.2%-15.5%-5.2%
8/14/2025-1.4%4.4%18.3%
5/15/2025-3.4%1.6%5.7%
3/27/2025-0.4%-2.7%-13.4%
12/20/20240.0%0.0%14.8%
SUMMARY STATS   
# Positive344
# Negative544
Median Positive6.1%3.0%14.2%
Median Negative-3.4%-6.0%-12.2%
Max Positive8.5%24.6%18.3%
Max Negative-9.0%-15.5%-15.4%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/20266.1%24.6%13.6%
5/6/20268.5%-1.1%-10.9%
3/12/2026-9.0%-9.2%-15.4%
11/12/2025-4.2%-15.5%-5.2%
8/14/2025-1.4%4.4%18.3%
5/15/2025-3.4%1.6%5.7%
3/27/2025-0.4%-2.7%-13.4%
12/20/20240.0%0.0%14.8%
SUMMARY STATS   
# Positive344
# Negative544
Median Positive6.1%3.0%14.2%
Median Negative-3.4%-6.0%-12.2%
Max Positive8.5%24.6%18.3%
Max Negative-9.0%-15.5%-15.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/06/202610-Q
09/30/202511/12/202510-Q
06/30/202508/14/202510-Q
03/31/202505/15/202510-Q
12/31/202403/27/202510-K
07/31/202403/12/202610-K
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/06/202610-Q
09/30/202511/12/202510-Q
06/30/202508/14/202510-Q
03/31/202505/15/202510-Q
12/31/202403/27/202510-K
07/31/202403/12/202610-K

Recent Forward Guidance

Updated 10/8/2026

Latest: Q2 2026 Earnings Reported 8/6/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 RevenueReported2.15 Bil2.20 Bil2.25 Bil0 AffirmedGuidance: 2.20 Bil for 2026
2026 Adjusted EBITDAReported330.00 Mil342.50 Mil355.00 Mil0 AffirmedGuidance: 342.50 Mil for 2026


Prior: Q1 2026 Earnings Reported 5/6/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 RevenueReported2.15 Bil2.20 Bil2.25 Bil0 AffirmedGuidance: 2.20 Bil for 2026
2026 Adjusted EBITDAReported330.00 Mil342.50 Mil355.00 Mil0 AffirmedGuidance: 342.50 Mil for 2026

Q4 2025 Earnings Reported 3/12/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 RevenueReported2.15 Bil2.20 Bil2.25 Bil42.2% Higher NewGuidance: 1.55 Bil for 2025
2026 Adjusted EBITDAReported330.00 Mil342.50 Mil355.00 Mil39.8% Higher NewGuidance: 245.00 Mil for 2025

Insider Activity

Updated 10/2/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Tong, RichardGeneral CounselDirectSell111920259.5852,467  Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Tong, RichardGeneral CounselDirectSell111920259.5852,467  Form

Investor Activity (13F)

Updated Oct 20, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Permian Investment Partners, LP$144.4 Mil16.0%13ADD +14.5%13F
Progeny 3, Inc.$100.8 Mil5.4%32Hold13F
Gates Capital Management, Inc.$143.8 Mil5.0%31ADD +47.3%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Gates Capital Management, Inc.$143.8 Mil5.0%31ADD +47.3%13F
Permian Investment Partners, LP$144.4 Mil16.0%13ADD +14.5%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Nishkama Capital, LLC$8.5 Mil1.1%49Exited13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Permian Investment Partners, LP$144.4 Mil16.0%13ADD +14.5%13F
Gates Capital Management, Inc.$143.8 Mil5.0%31ADD +47.3%13F
Progeny 3, Inc.$100.8 Mil5.4%32Hold13F
Core Cache Last Updated: 10/19/2026