TIC financial statements
The full income statement, balance sheet, and cash-flow statement for TIC Solutions Inc. (TIC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| Revenue | 1.53B | — | 1.05B | |
| 449M | — | 240M | ||
| Cost of revenue | 1.08B | — | 811M | |
| Selling, general & administrative | 441M | — | — | |
| Amortization of intangibles | 104M | — | — | |
| Provision for credit losses | 1.15M-57.4% | 2.70M | — | |
| Operating income | -17.1M | — | — | |
| Pre-tax income | -98.2M | — | — | |
| Income tax | -11.1M | — | — | |
| -87.1M | — | — | ||
| Net income to common | -93.3M | — | — | |
| Dividends per share | $10.28 | — | — | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| 1.02B+159.0% | 394M | — | ||
| Cash & equivalents | 440M+215.9% | 139M | — | |
| Accounts receivable | 366M+72.3% | 213M | — | |
| Prepaid expenses | 60.8M+227.0% | 18.6M | — | |
| 4.40B+99.1% | 2.21B | — | ||
| Property, plant & equipment | 256M+35.1% | 189M | — | |
| Operating lease right-of-use | 60.2M+100.7% | 30.0M | — | |
| Goodwill | 1.65B+95.0% | 846M | — | |
| Intangible assets | 1.39B+87.9% | 741M | — | |
| Deferred tax assets | 1.44M+88.0% | 765K | — | |
| Other non-current assets | 17.0M+146.4% | 6.91M | — | |
| 319M+200.0% | 106M | — | ||
| Accounts payable | 60.4M+335.4% | 13.9M | — | |
| Deferred revenue | 47.8M+2826.4% | 1.64M | — | |
| Short-term & current debt | 25.5M+229.2% | 7.75M | — | |
| Current lease liability | 33.6M+366.2% | 7.20M | — | |
| Finance lease liability (current) | 13.7M+39.4% | 9.82M | — | |
| 2.22B+109.8% | 1.06B | — | ||
| Long-term debt | 1.59B+112.5% | 747M | — | |
| Non-current lease liability | 66.0M+202.4% | 21.8M | — | |
| Operating lease liability (total) | 60.5M+108.4% | 29.0M | — | |
| Finance lease liability (total) | 39.1M+36.1% | 28.7M | — | |
| Finance lease liability | 25.4M+34.4% | 18.9M | — | |
| Deferred tax liabilities | 223M+48.0% | 151M | — | |
| Other non-current liabilities | 20.7M+76.1% | 11.8M | — | |
| 2.18B+89.4% | 1.15B | — | ||
| Preferred stock | 0.00 | 0.00 | — | |
| Common stock | 21.0K+75.0% | 12.0K | — | |
| Additional paid-in capital | 2.36B+82.7% | 1.29B | — | |
| Retained earnings | -194M-81.4% | -107M | — | |
| Accumulated other comprehensive income | 11.1M+131.2% | -35.5M | — | |
| Total liabilities & equity | 4.40B+99.1% | 2.21B | — | |
| Common shares issued | 220M+81.5% | 121M | — | |
| Common shares outstanding | 220M+81.5% | 121M | — | |
| Shares outstanding (cover) | 221M | — | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| 95.0M | — | — | ||
| Depreciation & amortization | 178M | — | 94.8M | |
| Intangible amortization | 104M | — | — | |
| Share-based compensation | 17.2M | — | — | |
| Deferred income taxes | -32.8M | — | — | |
| Change in receivables | -41.1M | — | — | |
| Change in payables | -1.44M | — | — | |
| -874M | — | — | ||
| Capital expenditure | 33.8M | — | — | |
| Free cash flow | 61.3M | — | — | |
| Acquisitions | 845M | — | — | |
| Proceeds from sale of PP&E | 4.69M | — | — | |
| 1.08B | — | — | ||
| Long-term debt issued | 875M | — | — | |
| Long-term debt repaid | 12.1M | — | — | |
| Common stock issued | 0.00 | — | — | |
| Common stock repurchased | 0.00 | — | — | |
| Dividends paid | 0.00 | — | — | |
| FX effect on cash | 3.75M | — | — | |
| Net change in cash | 300M | — | — | |
| Interest paid | 80.8M | — | — | |
| Income taxes paid | 27.8M | — | — | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| Market cap | 2.23B | — | — | |
| P/S | 1.5× | — | — | |
| P/B | 1.0× | — | — | |
| P/FCF | 36.5× | — | — | |
| FCF yield | 2.7% | — | — | |
| Dividend yield | 101.7% | — | — | |
| Source filing | 10-K | 10-K | 10-K |
About this data
Source: TIC’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all TIC filings on SEC EDGAR → Not investment advice.