NYSE : TTI
TETRA Technologies, Inc. — Financial statements
Industrials · Conglomerates · United States
Last price 5.86 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 867.71M
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Financial statements
TETRA Technologies, Inc. (TTI) reported revenue of 641.83M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 641.83M | 630.93M | 599.11M | 626.26M | 553.21M | 388.27M |
| Cost of Revenue | 452.01M | 433.72M | 423.43M | 438.17M | 400.63M | 294.95M |
| Gross Profit | 189.82M | 197.21M | 175.68M | 188.09M | 152.58M | 93.32M |
| Selling, General & Admin | 102.16M | 100.56M | 89.97M | 96.59M | 91.94M | 75.05M |
| Other Operating Expenses | -38.00K | -38.00K | 9.00K | 66.00K | 204.00K | |
| Operating Expenses | 139.66M | 137.62M | 125.70M | 143.10M | 131.60M | 108.55M |
| Operating Income | 50.17M | 59.59M | 49.98M | 44.99M | 20.98M | -15.23M |
| Interest Expense | -14.91M | -17.33M | -22.46M | -22.35M | -15.83M | -16.56M |
| Interest & Investment Income | 180.00K | |||||
| Currency Exchange Gain (Loss) | 500.00K | 1.22M | -3.80M | -3.50M | 1.10M | 1.40M |
| Other Non Operating Income (Expenses) | -5.53M | -5.51M | 1.55M | 12.07M | 3.37M | 589.00K |
| EBT Excluding Unusual Items | 30.23M | 37.97M | 25.27M | 31.21M | 9.62M | -29.62M |
| Gain (Loss) on Sale of Investments | 2.79M | 2.25M | 8.60M | 539.00K | 15.48M | |
| Gain (Loss) on Sale of Assets | -9.52M | |||||
| Asset Writedown | -3.59M | -4.20M | -100.00K | -2.90M | -2.20M | -581.00K |
| Legal Settlements | 500.00K | |||||
| Other Unusual Items | -5.54M | |||||
| Pretax Income | 29.42M | 26.50M | 28.74M | 31.70M | 11.17M | -14.72M |
| Income Tax Expense | 22.02M | 22.30M | -84.88M | 6.22M | 3.56M | 2.08M |
| Earnings From Continuing Operations | 7.41M | 4.21M | 113.62M | 25.48M | 7.60M | -16.80M |
| Earnings From Discontinued Operations | -1.21M | -1.21M | -5.34M | 278.00K | 195.00K | 120.41M |
| Net Income to Company | 6.20M | 3.00M | 108.28M | 25.76M | 7.80M | 103.60M |
| Minority Interest in Earnings | 7.00K | 7.00K | 4.00K | 27.00K | 43.00K | -269.00K |
| Net Income | 6.21M | 3.00M | 108.28M | 25.78M | 7.84M | 103.33M |
| Net Income to Common | 6.21M | 3.00M | 108.28M | 25.78M | 7.84M | 103.33M |
| Shares Outstanding (Basic) | 135.21M | 133.20M | 131.28M | 129.57M | 128.08M | 126.60M |
| Shares Outstanding (Diluted) | 137.94M | 135.15M | 132.23M | 131.24M | 129.78M | 126.60M |
| EPS (Basic) | 0.05 | 0.02 | 0.82 | 0.20 | 0.06 | 0.82 |
| EPS (Diluted) | 0.05 | 0.02 | 0.82 | 0.20 | 0.06 | 0.82 |
| Free Cash Flow | -15.09M | 19.54M | -24.16M | 32.05M | -21.10M | -15.88M |
| Free Cash Flow Per Share | -0.11 | 0.14 | -0.18 | 0.24 | -0.16 | -0.12 |
| Gross Margin | 29.58% | 31.26% | 29.32% | 30.03% | 27.58% | 24.04% |
| Operating Margin | 7.82% | 9.45% | 8.34% | 7.18% | 3.79% | -3.92% |
| Profit Margin | 0.97% | 0.48% | 18.07% | 4.12% | 1.42% | 26.61% |
| Free Cash Flow Margin | -2.35% | 3.10% | -4.03% | 5.12% | -3.81% | -4.09% |
| EBITDA | 87.70M | 96.69M | 85.70M | 79.31M | 53.80M | 18.30M |
| EBITDA Margin | 13.66% | 15.32% | 14.31% | 12.67% | 9.73% | 4.71% |
| D&A For EBITDA | 37.53M | 37.10M | 35.72M | 34.33M | 32.82M | 33.53M |
| EBIT | 50.17M | 59.59M | 49.98M | 44.99M | 20.98M | -15.23M |
| EBIT Margin | 7.82% | 9.45% | 8.34% | 7.18% | 3.79% | -3.92% |
| Effective Tax Rate | 74.82% | 84.13% | 19.62% | 31.93% | ||
| Revenue as Reported | 641.83M | 630.93M | 599.11M | 626.26M | 553.21M | 388.27M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 154.58M | 72.63M | 36.99M | 52.48M | 13.59M | 31.55M |
| Cash & Short-Term Investments | 154.58M | 72.63M | 36.99M | 52.48M | 13.59M | 31.55M |
| Accounts Receivable | 114.37M | 99.58M | 104.81M | 111.80M | 129.63M | 91.20M |
| Receivables | 114.37M | 99.58M | 104.81M | 111.80M | 129.63M | 91.20M |
| Inventory | 117.06M | 115.73M | 101.70M | 96.54M | 72.11M | 69.10M |
| Prepaid Expenses | 24.92M | 28.69M | 25.91M | 21.20M | 23.11M | 18.54M |
| Restricted Cash | 50.00K | 52.00K | 221.00K | |||
| Total Current Assets | 410.97M | 316.68M | 269.63M | 282.01M | 238.45M | 210.39M |
| Property, Plant & Equipment | 264.30M | 231.20M | 171.96M | 139.63M | 135.40M | 125.95M |
| Long-Term Investments | 11.09M | 11.83M | 28.16M | 17.35M | 14.29M | 11.23M |
| Other Intangible Assets | 19.74M | 21.46M | 24.92M | 29.13M | 32.95M | 36.96M |
| Long-Term Accounts Receivable | 2.20M | |||||
| Long-Term Deferred Tax Assets | 86.74M | 87.32M | 98.15M | 910.00K | ||
| Long-Term Deferred Charges | 700.00K | 900.00K | 1.00M | 600.00K | 1.10M | 1.50M |
| Other Long-Term Assets | 6.58M | 6.38M | 9.18M | 9.32M | 12.18M | 12.24M |
| Total Assets | 800.11M | 675.76M | 605.20M | 478.96M | 434.37M | 398.27M |
| Accounts Payable | 55.00M | 54.52M | 43.10M | 52.29M | 49.12M | 37.94M |
| Accrued Expenses | 59.28M | 58.05M | 48.08M | 50.29M | 53.38M | 39.42M |
| Current Portion of Long-Term Debt | 8.12M | 3.00K | ||||
| Current Portion of Leases | 11.88M | 15.63M | 13.44M | 9.93M | 9.13M | 8.11M |
| Current Income Taxes Payable | 14.63M | 15.00M | 12.49M | 10.35M | 9.91M | 7.08M |
| Current Unearned Revenue | 11.00M | 5.90M | 400.00K | 3.10M | 1.80M | 3.20M |
| Other Current Liabilities | 7.36M | 7.36M | 5.83M | 920.00K | 1.39M | |
| Total Current Liabilities | 167.28M | 156.46M | 123.35M | 125.96M | 124.27M | 97.14M |
| Long-Term Debt | 175.19M | 181.36M | 179.70M | 157.50M | 156.46M | 151.94M |
| Long-Term Leases | 28.64M | 33.47M | 28.25M | 29.37M | 28.57M | 31.43M |
| Long-Term Deferred Tax Liabilities | 2.68M | 2.50M | 4.91M | 2.28M | 2.04M | 1.67M |
| Other Long-Term Liabilities | 19.80M | 19.49M | 15.68M | 16.52M | 16.64M | 17.53M |
| Total Liabilities | 393.59M | 393.27M | 351.89M | 331.63M | 327.97M | 299.70M |
| Common Stock | 1.51M | 1.37M | 1.35M | 1.33M | 1.32M | 1.30M |
| Additional Paid-In Capital | 607.19M | 500.44M | 492.72M | 489.16M | 477.82M | 475.62M |
| Retained Earnings | -146.86M | -165.42M | -168.43M | -276.71M | -302.49M | -310.33M |
| Treasury Stock | -19.96M | -19.96M | -19.96M | -19.96M | -19.96M | -19.96M |
| Comprehensive Income & Other | -34.09M | -32.68M | -51.12M | -45.23M | -49.06M | -46.93M |
| Total Common Equity | 407.80M | 283.75M | 254.57M | 148.59M | 107.62M | 99.70M |
| Minority Interest | -1.27M | -1.27M | -1.26M | -1.26M | -1.23M | -1.14M |
| Shareholders' Equity | 406.53M | 282.49M | 253.31M | 147.33M | 106.40M | 98.56M |
| Total Liabilities & Equity | 800.11M | 675.76M | 605.20M | 478.96M | 434.37M | 398.27M |
| Total Debt | 223.84M | 230.46M | 221.39M | 196.80M | 194.16M | 191.47M |
| Net Cash (Debt) | -69.25M | -157.83M | -184.40M | -144.31M | -180.56M | -159.92M |
| Net Cash Per Share | -0.50 | -1.17 | -1.39 | -1.10 | -1.39 | -1.26 |
| Filing Date Shares Outstanding | 148.07M | 134.20M | 132.39M | 130.41M | 128.66M | 127.65M |
| Total Common Shares Outstanding | 148.07M | 134.11M | 131.81M | 130.08M | 128.66M | 126.94M |
| Working Capital | 243.69M | 160.22M | 146.28M | 156.05M | 114.18M | 113.25M |
| Book Value Per Share | 2.75 | 2.12 | 1.93 | 1.14 | 0.84 | 0.79 |
| Tangible Book Value | 388.06M | 262.29M | 229.65M | 119.46M | 74.67M | 62.75M |
| Tangible Book Value Per Share | 2.62 | 1.96 | 1.74 | 0.92 | 0.58 | 0.49 |
| Land | 25.08M | 24.48M | 23.17M | 25.72M | 26.38M | |
| Machinery | 427.85M | 403.18M | 382.15M | 394.05M | 423.19M | |
| Construction In Progress | 90.91M | 34.91M | 10.32M | 7.66M | 5.35M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 6.21M | 3.00M | 108.28M | 25.78M | 7.84M | 103.33M |
| Depreciation & Amortization | 37.53M | 37.10M | 35.72M | 34.33M | 32.82M | 33.53M |
| Other Amortization | 2.21M | 2.02M | 1.39M | 3.43M | 3.38M | 3.09M |
| Loss (Gain) From Sale of Assets | -474.00K | -354.00K | -338.00K | -562.00K | -1.17M | -482.00K |
| Asset Writedown & Restructuring Costs | 3.55M | 4.16M | 109.00K | 2.97M | 2.80M | 581.00K |
| Loss (Gain) From Sale of Investments | -2.79M | -2.25M | -8.60M | -539.00K | -180.00K | -13.25M |
| Stock-Based Compensation | 7.19M | 7.09M | 6.57M | 10.62M | 6.88M | 4.66M |
| Provision & Write-off of Bad Debts | 271.00K | 86.00K | 217.00K | 285.00K | 42.00K | -654.00K |
| Other Operating Activities | 5.63M | 17.00M | -90.00M | -4.84M | -3.74M | -536.00K |
| Change in Accounts Receivable | -5.54M | 5.79M | 5.70M | 20.16M | -39.85M | -27.80M |
| Change in Inventory | -8.38M | -9.66M | -8.78M | -23.20M | -4.47M | 5.39M |
| Change in Accounts Payable | 19.33M | 27.43M | -4.14M | -128.00K | 22.70M | 27.01M |
| Change in Other Net Operating Assets | 5.89M | 8.94M | -9.61M | 1.90M | -8.10M | -10.08M |
| Operating Cash Flow | 70.62M | 100.36M | 36.52M | 70.21M | 18.96M | 4.66M |
| Capital Expenditures | -85.71M | -80.82M | -60.68M | -38.15M | -40.06M | -20.53M |
| Sale of Property, Plant & Equipment | 653.00K | 641.00K | 2.92M | 6.66M | 1.71M | 1.69M |
| Cash Acquisitions | -917.00K | |||||
| Investment in Securities | 19.01M | -1.02M | 3.55M | 17.63M | ||
| Other Investing Activities | -209.00K | -199.00K | -275.00K | 914.00K | 2.76M | -3.96M |
| Investing Cash Flow | -85.27M | -61.37M | -59.06M | -27.03M | -36.50M | -5.17M |
| Long-Term Debt Issued | 390.00K | 184.82M | 97.53M | 13.82M | 1.61M | |
| Long-Term Debt Repaid | -5.13M | -165.02M | -102.19M | -13.79M | -50.48M | |
| Net Debt Issued (Repaid) | -4.10M | -4.74M | 19.80M | -4.66M | 40.00K | -48.86M |
| Issuance of Common Stock | 120.10M | 3.86M | ||||
| Repurchase of Common Stock | -8.43M | -3.22M | -3.01M | |||
| Other Financing Activities | -6.60M | -1.28M | -7.93M | -1.19M | ||
| Financing Cash Flow | 100.96M | -5.37M | 8.87M | -4.66M | 40.00K | -50.05M |
| Foreign Exchange Rate Adjustments | -487.00K | 1.85M | -1.61M | 377.00K | -452.00K | -1.77M |
| Net Cash Flow | 85.83M | 35.47M | -15.28M | 38.89M | -17.96M | -52.34M |
| Free Cash Flow | -15.09M | 19.54M | -24.16M | 32.05M | -21.10M | -15.88M |
| Free Cash Flow Margin | -2.35% | 3.10% | -4.03% | 5.12% | -3.81% | -4.09% |
| Free Cash Flow Per Share | -0.11 | 0.14 | -0.18 | 0.24 | -0.16 | -0.12 |
| Levered Free Cash Flow | 1.42M | 11.32M | -9.04M | 20.60M | -13.68M | -13.87M |
| Unlevered Free Cash Flow | 8.53M | 20.13M | 3.62M | 31.14M | -7.16M | -6.61M |
| Cash Interest Paid | 13.27M | 16.82M | 21.68M | 19.17M | 15.67M | 14.35M |
| Cash Income Tax Paid | 17.94M | 12.54M | 5.96M | 4.78M | 3.27M | 2.10M |
| Change in Working Capital | 11.29M | 32.49M | -16.83M | -1.27M | -29.71M | -5.48M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 818.84M | 1.25B | 471.88M | 587.96M | 445.02M | 360.51M |
| Enterprise Value | 888.09M | 1.40B | 636.58M | 748.29M | 608.03M | 514.91M |
| Last Close Price | 5.53 | 9.37 | 3.58 | 4.52 | 3.46 | 2.84 |
| PE Ratio | 121.19 | 417.04 | 4.36 | 22.80 | 56.77 | 3.49 |
| Forward PE | 21.27 | 40.74 | 10.04 | 10.34 | 14.62 | 28.40 |
| PS Ratio | 1.28 | 1.99 | 0.79 | 0.94 | 0.80 | 0.93 |
| PB Ratio | 2.01 | 4.44 | 1.86 | 3.99 | 4.18 | 3.66 |
| P/TBV Ratio | 2.11 | 4.78 | 2.06 | 4.92 | 5.96 | 5.75 |
| P/FCF Ratio | 64.14 | 18.34 | ||||
| P/OCF Ratio | 11.59 | 12.49 | 12.92 | 8.38 | 23.48 | 77.41 |
| PEG Ratio | 2.04 | 0.69 | 0.69 | 0.69 | 0.69 | |
| EV/Sales Ratio | 1.38 | 2.22 | 1.06 | 1.20 | 1.10 | 1.33 |
| EV/EBITDA Ratio | 10.13 | 14.50 | 7.43 | 9.43 | 11.30 | 28.14 |
| EV/EBIT Ratio | 17.70 | 23.53 | 12.74 | 16.63 | 28.98 | |
| EV/FCF Ratio | 71.76 | 23.34 | ||||
| Debt / Equity Ratio | 0.55 | 0.82 | 0.87 | 1.34 | 1.82 | 1.94 |
| Debt / EBITDA Ratio | 1.63 | 1.53 | 1.50 | 1.43 | 1.85 | 3.66 |
| Debt / FCF Ratio | 11.79 | 6.14 | ||||
| Net Debt / Equity Ratio | 0.17 | 0.56 | 0.73 | 0.98 | 1.70 | 1.62 |
| Net Debt / EBITDA Ratio | 0.79 | 1.63 | 2.15 | 1.82 | 3.36 | 8.74 |
| Net Debt / FCF Ratio | -4.59 | 8.08 | -7.63 | 4.50 | -8.56 | -10.07 |
| Asset Turnover | 0.89 | 0.98 | 1.10 | 1.37 | 1.33 | 0.51 |
| Inventory Turnover | 4.01 | 3.99 | 4.27 | 5.20 | 5.67 | 4.05 |
| Quick Ratio | 1.61 | 1.10 | 1.15 | 1.30 | 1.15 | 1.26 |
| Current Ratio | 2.46 | 2.02 | 2.19 | 2.24 | 1.92 | 2.17 |
| Return on Equity (ROE) | 2.13% | 1.57% | 56.72% | 20.08% | 7.42% | -19.81% |
| Return on Assets (ROA) | 4.34% | 5.82% | 5.76% | 6.16% | 3.15% | -1.24% |
| Return on Invested Capital (ROIC) | 2.66% | 2.15% | 13.71% | 12.50% | 5.24% | -5.99% |
| Return on Capital Employed (ROCE) | 7.90% | 11.50% | 10.40% | 12.70% | 6.80% | -5.10% |
| Earnings Yield | 0.83% | 0.24% | 22.95% | 4.38% | 1.76% | 28.66% |
| FCF Yield | -1.84% | 1.56% | -5.12% | 5.45% | -4.74% | -4.40% |
| Buyback Yield / Dilution | -3.83% | -2.21% | -0.75% | -1.13% | -2.51% | -0.61% |