TIC Solutions, Inc.
Rank #446HypergrowthTIC · NYSE · Industrials
TIC Solutions, Inc. (TIC) — Rank #446 by gross profitability (GP/assets 0.10) · ROE -4.2% · Piotroski F-Score N/A.
As-of 2026-09-15 · CIK 0002032966 · all metrics point-in-time as of the filing date.
About
TIC Solutions, Inc. provides critical asset integrity services in North America.
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The company offers testing, inspection, certification, and compliance (TICC) services, including various nondestructive testing (NDT) techniques, such as radiography, ultrasonic testing, magnetic particle inspection, penetrant testing, and visual inspection. Its NDT activities include inspection and evaluation of industrial equipment through various technology-enabled methods to ensure asset integrity, prevent costly outages, failures, and accidents, and meet regulatory requirements without damaging the asset or component. It also provides market rope access technician solutions, including inspection and testing, as well as insulation, coatings and blasting, welding, pipe fitting, hoisting and rigging, and electrical services. In addition, its TICC services include support from consulting engineers with destructive testing, support failure investigation, material selection, corrosion engineering, welding engineering, fracture mechanics, destructive testing, and chemical analysis. Further, it offers geospatial services, such as data collection, data analytics, and software solutions that support asset management and infrastructure planning. The company serves a range of industrial markets, such as chemical, pipeline, refinery, power generation, oilsands, automotive, aerospace, mining, manufacturing, renewable energy, and pulp and paper. TIC Solutions, Inc. was formerly known as Acuren Corporation and changed its name to TIC Solutions, Inc. in October 2025.
The company was founded in 1974 and is headquartered in Hollywood, Florida.
- Industry
- Specialty Business Services
- Sector
- Industrials
- State
- DE
- Filer Category
- Accelerated filer
- Fiscal Year End
- December 31
- Website
- ticsolutions.com
Price History
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
$2.11B
P/E (annual)
—
P/S (annual)
1.4
P/B
1.0
P/OCF (annual)
22.2
Shareholder Yield
—
Employees
11,084
Industry
Specialty Business Services
Exchange
NYSE
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/1 passTerry Smith quality gate
Passes 0/5 Terry Smith thresholds2 of 5 thresholds not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
15.3%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
vs. own 6-year median revenue growth: 45.7%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
10.5%
r = 10% (base)
15.3%
r = 12%
19.4%
Net debt / market cap: 58.6%— material leverage inflates the implied growth read.
Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.10
Primary signal (Novy-Marx).
8th of 9 SIC 7389 peers
Return on equity
-4.2%
Gross margin
29.4%
8th of 9 SIC 7389 peers
Revenue growth (YoY)
45.7%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2023 | 2025 | |
|---|---|---|
| Revenue vs COGS | ||
| Revenue vs OpEx | ||
| Op. Income vs Revenue |
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.05
4th of 7 SIC 7389 peers (best = lowest)
Current ratio
2.91×
3rd of 9 SIC 7389 peers
Quick ratio
2.14×
Net cash
-$1.25B
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$61.26M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
1.70
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
1.1%
Stock-based comp intensity.
Piotroski F-Score
F-Score
N/A
Only 4/9 components determinable.