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Tetra Technologies, Inc.

TTI Energy Oil & Gas Equipment & Services

Tetra Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $630.9 million, up 5.31% from fiscal 2024.

Revenue
+9.60%
EPS
+54.0%
Free cash flow
−3,774.2%
Total debt
+1.60%

Quarter to September 2026, against a year earlier

5.89 0.29 −4.69%
Market cap
$863.9M
P/E
105×
Fwd P/E
25.1×
Dividend yield
—
F-score
5/9
Altman Z
3.05
Beneish M
−3.30
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.28
Sold, $m 0.54
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — 1 — — 1 — —
Sell — — — — — — — 1 — — — —
Insider Ownership 5.93%

Capital & Financial Ratios $m

Size
Market Cap 863.87
Revenue ttm 656.54
Net income ttm 8.90
Free cash flow ttm (41.61)
Net debt Q 57.73
Valuation
P/E 104.80 (above 35: high)
Forward P/E 25.10
Price / sales 1.33
Forward P/S Powerpack
Price / FCF 0.00
Price / book 2.11
Financial health
Current ratio Q 2.43 (at or above 1.5: strong)
Debt / equity Q 0.44 (at or below 0.5: strong)
Interest coverage Q 4.12
Growth
Revenue growth Q +9.60% (above 0%: growing)
Operating income growth Q −12.59% (below 0%: shrinking)
EPS, this year −6.15% (below 0%: weak)
EPS, next year A +32.79% (at or above 15%: strong)
Revenue, next year A +4.29%
EPS, past 5 yrs —
EPS, next 5 yrs A +21.17% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.4×, against a ten-year median of 1.3×; over the ten years it ranged from 0.4× in 2020 to 2.6× in 2026.
P/E against its own 10 years 76.99%
10-year low 10-year high
P/S against its own 10 years 88.41%
10-year low 10-year high
P/B against its own 10 years 52.26%
10-year low 10-year high
EV/Sales against its own 10 years 59.55%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 52 37 73 126
Receivables 112 105 100 127
Inventory 97 102 116 118
Other — — — —
282 270 317 394
2023 2024 2025 Q'26
Payables 52 43 55 56
ST’ Debt — — — 1
Other 27 23 29 27
126 123 156 162

Compound Annual Growth %

10y 5y 3y
Sales (5.66%) 10.81% 4.48%
Cash Flow (6.52%) 5.47% 74.29%
Earnings 0.00% 0.00% (27.36%)
Book Value (5.81%) 31.79% 38.47%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.05 Actual 0.06

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.03 0.02 Miss by 0.01
Q1 FY26 0.03 0.06 Beat by 0.03
Q2 FY26 0.08 0.08 Met by 0.00
Q3 FY26 0.05 0.06 Beat by 0.01
Q4 FY26 0.05 — Reports 24 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.06 0.07 0.05 — —
’25 0.03 0.08 0.03 (0.12) 0.02
’24 0.01 0.06 (0.02) 0.77 0.82
’23 0.05 0.14 0.04 (0.03) 0.20
’22 0.06 0.01 0.00 (0.01) 0.06
’21 0.86 (0.05) 0.02 (0.01) 0.82
’20 (0.01) (0.15) (0.10) (0.12) (0.41)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 156 186 168 — —
’25 157 174 153 147 631
’24 151 172 142 135 599
’23 146 175 151 153 626
’22 130 141 135 147 553
’21 77 102 95 113 388
’20 133 96 73 75 378
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (12) 34 9 — —
’25 4 48 16 32 100
’24 (14) 25 20 6 37
’23 9 28 14 19 70
’22 6 18 2 (7) 19
’21 6 2 3 (6) 5
’20 22 38 4 12 77
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (31) 11 (26) — —
’25 (14) 29 1 4 20
’24 (29) 10 8 (9) (21)
’23 (4) 18 7 17 39
’22 (3) 8 (10) (14) (19)
’21 0 (4) 1 (11) (14)
’20 11 35 21 16 84
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 617 723 560 561 378 388 553 626 599 631 657 +0.2% 658 717 823 +9.3%
Gross margin, % 9.85 14.99 18.44 2.10 17.88 15.26 21.89 24.53 23.34 24.72 22.46 +14.9 pt
EBT (223) (44) (3) (128) (25) (15) 11 32 29 27 28 n/m
EBT margin, % (36.16) (6.09) (0.47) (22.83) (6.64) (3.79) 2.02 5.06 4.80 4.20 4.23 +40.4 pt
Net income (239) (62) (84) (160) (99) 104 8 26 108 3 9 n/m
Per share, $
Per share, $ Revenue 7.07 6.32 4.51 4.47 3.00 3.07 4.32 4.83 4.56 4.74 4.43 (4.4%)
Earnings (1.85) (0.34) (0.50) (1.17) (0.41) 0.82 0.06 0.20 0.83 0.02 0.06 n/m
Cash flow 0.64 0.56 0.38 0.72 0.61 0.04 0.15 0.54 0.28 0.75 0.43 +1.9%
Capex (0.20) (0.45) (1.13) (0.76) 0.05 (0.15) (0.30) (0.24) (0.44) (0.60) (0.71) +12.8%
Free cash flow 0.43 0.12 (0.76) (0.04) 0.67 (0.11) (0.15) 0.30 (0.16) 0.15 (0.28) (11.1%)
Book value 4.59 3.08 2.52 1.30 0.56 0.78 0.83 1.14 1.93 2.12 2.79 (8.2%)
Shares, m 87 114 124 126 126 127 128 130 131 133 139 +4.8%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 3.46 54.17 22.30 4.33 468.50 104.80 55.3
P/S 0.73 0.68 0.21 0.27 0.29 0.93 0.75 0.92 0.78 1.98 1.33 0.8
P/B 1.12 1.40 0.68 1.51 1.52 3.65 3.91 3.92 1.86 4.42 2.11 2.4
EV/Sales 1.68 1.52 0.99 0.49 0.66 1.26 1.01 1.09 1.03 2.15 1.42 1.2
EV/FCF 27.28 81.12 (10.47) (87.53) 2.99 (34.40) (28.83) 17.69 (28.92) 67.23 (22.37) 0.6
Cash, $m
Cash, $m Operating cash flow 56 65 47 90 77 5 19 70 37 100 63 +6.8%
Capex (18) (51) (141) (95) 7 (19) (38) (31) (58) (80) (105) +18.3%
Free cash flow 38 14 (94) (5) 84 (14) (19) 39 (21) 20 (42) (6.8%)
Balance, $m
Balance, $m Working capital 159 165 200 163 133 113 114 156 146 160 232 +0.1%
Net debt 587 603 775 189 133 120 143 105 142 109 58 (17.1%)
Shareholders’ equity 400 353 313 163 71 99 106 147 253 282 414 (3.8%)
Returns, %
Returns, % ROA (10.94) (2.98) (4.57) (11.09) (4.25) 13.50 1.88 5.65 19.98 0.47 1.22 +11.4 pt
ROIC (9.73) (0.46) 0.60 (19.61) (2.81) (4.51) 5.65 11.13 7.88 8.85 5.98 +18.6 pt
ROE (35.31) (10.37) (18.52) (61.99) (43.73) 121.84 7.65 20.32 54.06 1.12 2.51 +36.4 pt
People
People Employees 2,400 2,600 2,900 2,600 1,800 1,100 1,300 1,500 1,400 1,400 — (5.8%)
Revenue/emp, $m 0.26 0.28 0.19 0.22 0.21 0.35 0.43 0.42 0.43 0.45 — +6.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Tetra Technologies, Inc. vs peers in Oil & Gas Equipment & Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RES RPC, Inc. $1.2B — (loss-making) 23.7× +4.61% (above 0%: growing) n/m −35.59% (below 0%: shrinking) 25.22% (11.50%) Compare
VTOL Bristow Group Inc. $1.1B 13.4× 12.1× +13.37% (above 0%: growing) −47.25% (below 0%: shrinking) −292.76% (below 0%: shrinking) 28.68% 10.89% Compare
TTI Tetra Technologies, Inc. $863.9M 105× 25.1× +9.60% (above 0%: growing) +54.00% (above 0%: growing) −3,774.17% (below 0%: shrinking) 20.90% 5.79%
FTK Flotek Industries, Inc. $802.7M 26.0× 31.2× +104.09% (above 0%: growing) −35.47% (below 0%: shrinking) −376.03% (below 0%: shrinking) 23.96% 15.70% Compare
FET Forum Energy Technologies, Inc. $775.6M 25.6× 23.0× +20.68% (above 0%: growing) n/m +40.56% (above 0%: growing) 31.42% 8.43% Compare
PUMP ProPetro Holding Corp. $738.4M 361× 1,531× +20.91% (above 0%: growing) n/m −5,380.61% (below 0%: shrinking) 24.10% 3.10% Compare
AESI Atlas Energy Solutions Inc. $666.4M — (loss-making) — (loss-making) +3.15% (above 0%: growing) n/m −11,506.33% (below 0%: shrinking) 19.52% (14.94%) Compare
HMH HMH Holding Inc. $526.7M — — — — — 35.88% (2.83%) Compare
ACDC ProFrac Holding Corp. $493.6M — (loss-making) — (loss-making) +26.79% (above 0%: growing) n/m +275.00% (above 0%: growing) 21.19% (6.73%) Compare
Median of peers $757.0M 25.8× 23.7× +20.68% — −292.76% 24.66% 0.14%

All 48 Oil & Gas Equipment & Services stocks →

Pay and ownership Proxy statement filed 9 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 5.13m 8.67m 1,089.53
2024 4.95m 4.20m 416.28
2023 5.11m 6.19m 525.58
2022 5.01m 6.24m 402.33
2021 4.25m 6.79m 330.23

Ownership

Directors and executive officers, together 6.27%
BlackRock Inc. 7.60%
The Vanguard Group, Inc. 6.81%
Neuberger Berman Group LLC 6.39%
Ameriprise Financial, Inc. 5.20%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Tetra Technologies, Inc. (TTI) Latest News

4 Nov

Impact 3 · · GuruFocus.com transcript
Impact 3 · · MarketBeat transcript

3 Nov

Impact 3 · · The Motley Fool transcript

2 Nov

Impact 3 · · StockStory
Impact 3 · · PR Newswire

26 Oct

Impact 3 · · StockStory

22 Oct

Impact 3 · · StockStory

28 Sep

Impact 3 · · StockStory

24 Sep

Impact 3 · · StockStory

11 Aug

Impact 3 ·
Impact 3 · · The Motley Fool transcript

9 Aug

Impact 3 · · MarketBeat transcript

7 Aug

Impact 3 ·

4 Aug

Impact 4 · transcript
Impact 3 · · Moby transcript

3 Aug

Impact 4 ·
Impact 3 ·

2 Aug

Impact 3 ·

29 Jun

Impact 4 ·

7 Jun

Impact 4 · · Simply Wall St.

3 Jun

Impact 4 · · Oilprice.com

2 Jun

Impact 4 · · PR Newswire
Impact 3 · · PR Newswire

28 May

Impact 4 · · PR Newswire

12 May

Impact 3 · · StockStory

10 May

Impact 3 · · Simply Wall St.

2 May

Impact 4 · · MarketBeat

30 Apr

Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby

29 Apr

Impact 3 · · Zacks
stockrow.com/TTI · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com