Added to YB: 2026-03-23
Pitch date: 2026-03-19
TIC [neutral]
TIC Solutions, Inc.
Author Info
Company Info
TIC Solutions, Inc. provides critical asset integrity services in North America. 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.
Market Cap
$1.7B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
14.31
P/E
-13.91
EV/Sales
1.95
Sector
Professional Services
Category
turnaround
TIC Solutions: Thesis Check
TIC (earnings): Q4 2025 first full quarter post-NV5 merger showed margin progression across all segments but disappointing organic growth. I&M (52% rev) flat YoY, down in Q4 on Gulf Coast weakness. CE grew 8% (data center rev +100% YoY to $70M). GEO +6%. Blended gross margin 37.6% vs legacy Acuren ~28%, but SG&A at 24% keeps EBITDA at 14.8% (target 20%). Leverage 3.7x vs 4.6x at close. Not API 2.0 yet—needs organic growth acceleration to justify valuation.
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