TIC Solutions, Inc. (TIC)

TIC Solutions Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	1,284	1,097	1,050	928.33
Revenue Growth (YoY)	16.15%	4.51%	13.11%	-
Cost of Revenue	959.1	831.73	810.53	725.38
Gross Profit	324.97	265.66	239.52	202.95
Selling, General & Admin	294.65	271.68	185.02	168.23
Operating Expenses	294.65	271.68	185.02	168.23
Operating Income	30.32	-6.01	54.5	34.72
Interest Expense	-75.7	-70.44	-60.02	-24.16
Other Non Operating Income (Expenses)	6.86	3.56	1.24	12.89
EBT Excluding Unusual Items	-38.52	-72.89	-4.28	23.45
Merger & Restructuring Charges	-31.36	-41.2	-	-
Other Unusual Items	-	-9.07	-	-
Pretax Income	-69.89	-123.17	-4.28	23.45
Income Tax Expense	-14.34	-2.01	2.01	3.41
Net Income	-55.54	-121.16	-6.29	20.04
Net Income to Common	-55.54	-121.16	-6.29	20.04
Shares Outstanding (Basic)	134	55	5	5
Shares Outstanding (Diluted)	134	55	5	5
Shares Change (YoY)	416.88%	989.72%	-1.35%	-
EPS (Basic)	-0.42	-2.21	-1.25	3.99
EPS (Diluted)	-0.42	-2.21	-1.25	3.93
Free Cash Flow	35	-4.51	73.67	16.91
Free Cash Flow Per Share	0.26	-0.08	14.66	3.32
Gross Margin	25.31%	24.21%	22.81%	21.86%
Operating Margin	2.36%	-0.55%	5.19%	3.74%
Profit Margin	-4.33%	-11.04%	-0.60%	2.16%
Free Cash Flow Margin	2.73%	-0.41%	7.02%	1.82%
EBITDA	166.45	87.08	149.32	121.16
EBITDA Margin	12.96%	7.94%	14.22%	13.05%
D&A For EBITDA	136.12	93.09	94.82	86.44
EBIT	30.32	-6.01	54.5	34.72
EBIT Margin	2.36%	-0.55%	5.19%	3.74%
Effective Tax Rate	-	-	-	14.53%

Updated Nov 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q