TIC Solutions Inc. Common Stock (TIC)

FairStock Score: 43/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach TIC Solutions as a Graham-style asset-and-earnings question. The business performs testing, inspection, certification, and compliance work for critical industrial assets — a necessary, regulation-driven service with 11,084 employees. Scale is real: fiscal 2025 revenue was $1.5B, and fiscal Q2 2026, quarter ended 2026-06-30, produced $584.3M of revenue. But quality is not yet proven. Fiscal 2025 net income was -$87.1M, fiscal Q1 2026 was -$41.5M, and fiscal Q2 2026 was -$13.3M. The losses are shrinking sequentially, but the company still lost money on a -2.28% latest-quarter margin. Returns are poor: ROE -7.08%, ROCE 0.12%. Leverage is meaningful with D/E 0.81, and an Altman Z-score of 0.79 from FairStock signals financial stress. On valuation, at the 2026-10-13 close of $9.12, P/B is 0.96, negative P/E is -14.25, EV/EBITDA is 16.58, and FCF yield is only 1.1% on $22.2M trailing free cash flow. That is not a classic bargain unless margins repair. The moat may come from regulatory compliance and switching costs, but the numbers show a turnaround, not a fortress. I would want consistent positive earnings, stronger cash conversion, and lower debt before calling this a high-quality compounder. FairStock score 43/100 and Piotroski 5/9 fit that middling picture. FairStock’s Lynch category is none, because only one year of filed results is available, so there is little multi-year evidence.

In plain English: TIC Solutions provides testing, inspection, certification, and compliance services for industrial equipment in North America. The business is growing revenue quickly but is still losing money and carries meaningful debt, so the financial picture looks weak. At $9.12, the price looks roughly fair to expensive versus its weak profits and small cash generation, even though it is close to the value of its net assets on paper.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer