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): $8.82Market Cap: $1.9 BilSector: IndustrialsIndustry: Diversified Support Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Cloud Computing, Cybersecurity, and Automation & Robotics. Themes include Hybrid Cloud Solutions, Show more. | Weak multi-year price returns2Y Excs Rtn is -44%, 3Y Excs Rtn is -79% Meaningful short interestShort 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 levelOp 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 significantNet 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 negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -10% Key risksTIC key risks include [1] integration and litigation from recent acquisitions, Show more. |
| Megatrend and thematic driversMegatrends include Cloud Computing, Cybersecurity, and Automation & Robotics. Themes include Hybrid Cloud Solutions, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -44%, 3Y Excs Rtn is -79% |
| Meaningful short interestShort 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 levelOp 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 significantNet 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 negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -10% |
| Key risksTIC key risks include [1] integration and litigation from recent acquisitions, Show more. |
Qualitative Assessment
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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
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) | 6302026 | 10192026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.09 | 8.76 | 8.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,784 | 2,055 | 15.2% |
| P/S Multiple | 1.0 | 0.9 | -6.0% |
| Shares Outstanding (Mil) | 217 | 217 | 0.0% |
| Cumulative Contribution | 8.3% |
Market Drivers
6/30/2026 to 10/19/2026| Return | Correlation | |
|---|---|---|
| TIC | 8.3% | |
| 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) | 3312026 | 10192026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.58 | 8.76 | 33.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,530 | 2,055 | 34.3% |
| P/S Multiple | 0.9 | 0.9 | -0.1% |
| Shares Outstanding (Mil) | 216 | 217 | -0.7% |
| Cumulative Contribution | 33.1% |
Market Drivers
3/31/2026 to 10/19/2026| Return | Correlation | |
|---|---|---|
| TIC | 33.1% | |
| 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) | 9302025 | 10192026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.31 | 8.76 | -34.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 2,055 | 0.0% |
| P/S Multiple | � | 0.9 | 0.0% |
| Shares Outstanding (Mil) | 121 | 217 | -44.1% |
| Cumulative Contribution | 0.0% |
Market Drivers
9/30/2025 to 10/19/2026| Return | Correlation | |
|---|---|---|
| TIC | -34.2% | |
| Market (SPY) | 16.0% | 50.4% |
| Sector (XLI) | 9.0% | 42.8% |
Fundamental Drivers
nullnull
Market Drivers
9/30/2023 to 10/19/2026| Return | Correlation | |
|---|---|---|
| TIC | ||
| Market (SPY) | 85.5% | 31.2% |
| Sector (XLI) | 71.0% | 31.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TIC Return | - | - | 0% | 42% | -21% | -14% | -4% |
| Peers Return | 27% | -17% | 7% | -15% | 6% | 0% | 1% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| TIC Win Rate | - | - | 0% | 17% | 58% | 30% | |
| Peers Win Rate | 61% | 39% | 56% | 44% | 39% | 54% | |
| S&P 500 Win Rate | 75% | 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
| Event | TIC | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -26.6% | -18.8% |
| % Gain to Breakeven | 36.3% | 23.1% |
| Time to Breakeven | 156 days | 79 days |
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.
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Asset Allocation
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| Event | TIC | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -26.6% | -18.8% |
| % Gain to Breakeven | 36.3% | 23.1% |
| Time to Breakeven | 156 days | 79 days |
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.
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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.
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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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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
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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.
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Key Risks to the Business of TIC Solutions, Inc.
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.
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.
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.
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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.
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- 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.
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For TIC Solutions, Inc. (symbol: TIC), several key drivers are expected to fuel future revenue growth over the next 2-3 years:
- 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.
- 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.
- 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.
- 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.
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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
null| Industry | Names | 1Y med | 3Y med | 5Y 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% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 32.22 |
| Mkt Cap | 6.4 |
| Rev LTM | 6,089 |
| Op Inc LTM | 248 |
| FCF LTM | 0 |
| FCF 3Y Avg | -798 |
| CFO LTM | 1,429 |
| CFO 3Y Avg | 1,755 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.2% |
| Rev Chg 3Y Avg | 5.2% |
| Rev Chg Q | 9.7% |
| QoQ Delta Rev Chg LTM | 2.4% |
| Op Inc Chg LTM | 20.4% |
| Op Inc Chg 3Y Avg | -9.1% |
| Op Mgn LTM | 2.8% |
| Op Mgn 3Y Avg | 4.6% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 16.0% |
| CFO/Rev 3Y Avg | 21.1% |
| FCF/Rev LTM | 1.1% |
| FCF/Rev 3Y Avg | -20.0% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2023 |
|---|---|---|
| Inspection and Mitigation | 1,099 | 1,050 |
| Consulting Engineering | 300 | 0 |
| Geospatial | 131 | 0 |
| Corporate and Eliminations | 0 | 0 |
| Total | 1,530 | 1,050 |
| $ Mil | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Inspection and Mitigation | 2,012 | |||
| Consulting Engineering | 1,174 | |||
| Geospatial | 633 | |||
| Corporate and Eliminations | 578 | |||
| Single Segment | 2,208 | 554 | 1,300 | |
| Total | 4,396 | 2,208 | 554 | 1,300 |
Price Behavior
| Market Price | $8.76 | |
| Market Cap ($ Bil) | 1.9 | |
| First Trading Date | 12/28/2023 | |
| Distance from 52W High | -29.7% | |
| 50 Days | 200 Days | |
| DMA Price | $9.20 | $8.81 |
| DMA Trend | up | down |
| Distance from DMA | -4.8% | -0.5% |
| 3M | 1YR | |
| Volatility | 54.5% | 51.5% |
| Downside Capture | 193.80 | 273.21 |
| Upside Capture | 293.30 | 186.92 |
| Correlation (S&P 500) | 47.8% | 49.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.73 | 2.99 | 2.40 | 1.80 | 2.03 | 0.00 |
| Up Beta | 1.03 | 2.26 | 1.63 | 1.95 | 1.49 | -0.01 |
| Down Beta | 1.56 | 3.60 | 2.15 | 0.85 | 1.99 | 0.07 |
| Up Capture | 124% | 381% | 304% | 237% | 247% | 40% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 10 | 19 | 30 | 62 | 117 | 210 |
| Down Capture | 301% | 247% | 241% | 181% | 170% | 98% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 12 | 22 | 33 | 62 | 132 | 217 |
[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% | 0.43 | 41.3% |
| Equity (SPY) | 17.1% | 12.7% | 0.95 | 48.6% |
| Gold (GLD) | -4.2% | 29.3% | -0.15 | 29.9% |
| Commodities (DBC) | 52.6% | 20.7% | 1.93 | -8.2% |
| Real Estate (VNQ) | 3.9% | 13.7% | 0.03 | 22.6% |
| Bitcoin (BTCUSD) | -24.8% | 43.7% | -0.53 | 27.8% |
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% | 0.53 | 36.6% |
| Equity (SPY) | 13.5% | 17.1% | 0.60 | 35.9% |
| Gold (GLD) | 18.3% | 18.9% | 0.78 | 22.4% |
| Commodities (DBC) | 9.8% | 19.5% | 0.38 | 3.9% |
| Real Estate (VNQ) | 1.3% | 18.8% | -0.04 | 26.6% |
| Bitcoin (BTCUSD) | 7.2% | 51.8% | 0.32 | 23.4% |
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% | 0.57 | 36.6% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 35.9% |
| Gold (GLD) | 12.2% | 16.4% | 0.61 | 22.4% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 3.9% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.21 | 26.6% |
| Bitcoin (BTCUSD) | 63.0% | 66.2% | 1.03 | 23.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 9/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | 6.1% | 24.6% | 13.6% |
| 5/6/2026 | 8.5% | -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% |
| 12/20/2024 | 0.0% | 0.0% | 14.8% |
| SUMMARY STATS | |||
| # Positive | 3 | 4 | 4 |
| # Negative | 5 | 4 | 4 |
| Median Positive | 6.1% | 3.0% | 14.2% |
| Median Negative | -3.4% | -6.0% | -12.2% |
| Max Positive | 8.5% | 24.6% | 18.3% |
| Max Negative | -9.0% | -15.5% | -15.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | 6.1% | 24.6% | 13.6% |
| 5/6/2026 | 8.5% | -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% |
| 12/20/2024 | 0.0% | 0.0% | 14.8% |
| SUMMARY STATS | |||
| # Positive | 3 | 4 | 4 |
| # Negative | 5 | 4 | 4 |
| Median Positive | 6.1% | 3.0% | 14.2% |
| Median Negative | -3.4% | -6.0% | -12.2% |
| Max Positive | 8.5% | 24.6% | 18.3% |
| Max Negative | -9.0% | -15.5% | -15.4% |
Recent Forward Guidance
Updated 10/8/2026Latest: Q2 2026 Earnings Reported 8/6/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 2.15 Bil | 2.20 Bil | 2.25 Bil | 0 | Affirmed | Guidance: 2.20 Bil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 330.00 Mil | 342.50 Mil | 355.00 Mil | 0 | Affirmed | Guidance: 342.50 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 2.15 Bil | 2.20 Bil | 2.25 Bil | 0 | Affirmed | Guidance: 2.20 Bil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 330.00 Mil | 342.50 Mil | 355.00 Mil | 0 | Affirmed | Guidance: 342.50 Mil for 2026 | |
Q4 2025 Earnings Reported 3/12/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 2.15 Bil | 2.20 Bil | 2.25 Bil | 42.2% | Higher New | Guidance: 1.55 Bil for 2025 | |
| 2026 Adjusted EBITDA | Reported | 330.00 Mil | 342.50 Mil | 355.00 Mil | 39.8% | Higher New | Guidance: 245.00 Mil for 2025 | |
Insider Activity
Updated 10/2/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Tong, Richard | General Counsel | Direct | Sell | 11192025 | 9.58 | 52,467 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Tong, Richard | General Counsel | Direct | Sell | 11192025 | 9.58 | 52,467 | Form |
Investor Activity (13F)
Updated Oct 20, 2026Active 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.
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Diversified Support Services Resources |
| Facilities Management Journal (FMJ) |
| Supply Chain Brain |
| Corporate Services News |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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