Tetra Technologies Inc. Common Stock (TTI)

FairStock Score: 24/100 — RISKY

Key Financials

AI Analysis

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

I look for durable advantages, stable earnings, and a price that leaves a margin of safety. Tetra is a cyclical oilfield-services company — completion fluids and water/flowback — and FairStock classifies it as CYCLICAL — Oil & Gas Equipment & Services because earnings follow the economic cycle. The reported numbers show that plainly. In fiscal 2025, the year ended 2025-12-31, revenue was $630.9 million but net income was only $3.0 million, or $0.02 per diluted share. In fiscal 2024, net income was $108.3 million, or $0.82 per diluted share; such a swing is not the mark of a stable franchise. Recent quarters are better: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $185.7 million, net income $10.2 million, and diluted EPS $0.07; in fiscal Q1 2026, revenue was $156.3 million, net income $8.3 million, and EPS $0.06. Still, trailing free cash flow was negative $15.1 million, a -1.8% FCF yield, so the business is not funding itself well. At the 2026-10-13 close of $5.66, FairStock calculates a P/E of 141.5, P/B of 2.06, ROE of 2.13%, ROCE of 4.34%, and a Graham Number of $1.57 — a -260.5% margin of safety. The Piotroski F-Score of 7/9 is a modest positive, but Altman Z of 1.70 and D/E of 0.55 call for caution. Tetra may improve with oilfield activity, but I see no durable moat, weak cash generation, and a price already discounting a much stronger cycle. FairStock Score 24/100 reinforces the lack of appeal.

In plain English: The company supplies fluids and water services used when oil and gas wells are drilled and completed. Its profits have been small and uneven, and it used more cash than it generated over the past year. At the recent $5.66 price, the shares look expensive compared with those weak recent results, even though the stock is near the bottom of its 52-week range.

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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) · FY2024 10-K (period ended 2024-12-31) · 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