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TETRA Technologies, Inc.

Rank #345ValueWatchlistCompare with other stocks

TTI · NYSE · Energy

TETRA Technologies, Inc. (TTI) — Rank #345 by gross profitability (GP/assets 0.19) · ROE 0.7% · Piotroski F-Score 5 / 9.

As-of 2026-10-30 · CIK 0000844965 · all metrics point-in-time as of the filing date.

About

TETRA Technologies, Inc., together with its subsidiaries, operates as an energy services and solutions company.

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It operates through two segments, Completion Fluids & Products; and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa. This segment also markets liquid and dry calcium chloride products; and TETRA PureFlow ultra-pure zinc bromide to battery technology companies. Its Water & Flowback Services segment provides water management services for onshore oil and gas operators. This segment also offers frac flowback, early production facilities and services, production well testing, and other associated services in oil and gas producing regions in the United States, as well as in various basins in Latin America, Europe, and the Middle East.

The company was incorporated in 1981 and is headquartered in Spring, Texas.

Industry
Oil & Gas Equipment & Services
Sector
Energy
State
DE
Filer Category
Accelerated filer
Fiscal Year End
December 31

Company Snapshot

P/E and dividend yield are the primary valuation lenses for mature businesses.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

1,400

Industry

Oil & Gas Equipment & Services

Exchange

NYSE

10/12

Flags passed

TTI passes 10/12 quality flags

2 cautions to review

  • CAUTION
    Dilution above 2%

    Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation

  • CAUTION
    Disclosure regression

    A previously-disclosed line item is no longer reported — worth checking the filing for why

  • PASS
    Gross margin holding
  • PASS
    FCF not negative from investment
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Operating leverage expanding · Deferred revenue growing · Sequential beat (rev + EPS)

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.19
Return on equity
0.7%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.97
Current ratio
2.46×
Net cash
-$20.61M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
1.1%

Growth

1/2 pass
Revenue growth
5.3%
Piotroski F-Score
5 / 9
Share dilution
2.2%

Dividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).

Profitability

Does it make money well?

No warning flags · GP/assets 0.19

Gross profitability (GP / assets)

0.19

Primary signal (Novy-Marx).

3rd of 5 SIC 13 peers

Return on equity

0.7%

Gross margin

24.7%

4th of 5 SIC 13 peers

Revenue growth (YoY)

5.3%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

4.5%

Revenue CAGR (5Y)

10.8%

Earnings CAGR (3Y)

-27.4%

FCF CAGR (3Y)

—

Cash Flow Health

Is the cash real?

No warning flags · FCF 550% above net income

Free cash flow

$19.54M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

550.2%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

1.1%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

Caution: Dilution above 2% · net debt $20.61M, F-Score 5/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.97

4th of 5 SIC 13 peers (best = lowest)

Current ratio

2.46×

1st of 5 SIC 13 peers

Quick ratio

1.61×

Net cash

-$20.61M

Cash & equivalents minus total debt.

Piotroski F-Score

5 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Capital allocation quality

Composite score

3.3 / 5

Good
Share count trend
2.2%2/5 Fair
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr3/5 Good
Net debt trajectory(deleveraging)
5.0%5/5 Strong

Lifecycle Phase History

20202025
Decline
Value
Hypergrowth
Op. Leverage

Price History

TTI+91.2% · +13.8% CAGRSPY+82.9% · +12.8% CAGR

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports