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Tetra Technologies Inc (TTI) stock

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NYSE: TTI NYSE Oil & Gas Equipment & Services Next results ~February 1, 2027

C Fundamentals grade

Tetra Technologies Inc is a US-listed company in the oil & gas equipment & services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$7.5

Valuation models combined (2)

Base case. Range ~$6.8–$8.2. Weighted average of 2 models (residual income, justified price-to-book).

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Tetra Technologies Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 2 selling2 purchases and 4 sales by directors and officers, last 12 monthsInsider trades
  • Funds134 adding, 101 cuttingOf 47 active managers that changed their stake, 25 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Tetra Technologies files

10-Q filed November 2: Tetra Technologies

Model value +2.5%

Revenue for the twelve months to September 2026 was $657m, up 6.1% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin fell to -6.4% from 1.0% a year earlier. Operating margin narrowed to 6.9% from 9.8%. The diluted share count is up 5.8% on a year earlier, which dilutes existing holders. Its fundamentals grade moves from C+ to C. Our model value rises from $7.33 to $7.51 a share, against a share price of $5.53.

Source: 10-Q filed November 2, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Tetra Technologies stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $642m, up 5.7% on a year earlier, faster than the 4.1% growth a quarter earlier. Free-cash-flow margin fell to -2.4% from 1.8% a year earlier. Operating margin narrowed to 7.3% from 10.2%. The diluted share count is up 3.7% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 3 of our 5 financial-health checks. Our valuation models combined value is $7.33 a share, against a share price of $6.00.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 1, 2027 (estimated)

Tetra Technologies Inc's trailing-twelve-month revenue grew 6.1% year on year, with a free-cash-flow margin of -6.4%.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 50% in the quarter to 2026-09-30, the 3rd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Tetra Technologies Inc's latest figures clears our strength thresholds.

Things to watch

  • Burning cash. Free cash flow was -6.4% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 5.8% in a year.
  • High earnings multiple. The shares trade at 88 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 56% and a beta of 1.6 against the S&P 500.
  • Gross margin slipping. Gross margin is down 3.2 points on a year ago.
  • Weak cash conversion. Free cash flow was -475% of net income over the last 12 months.

Latest results: FY2026 Q3

Filed November 2, 2026
Earnings per share
$0.06 against an average estimate of $0.04: beat by 50.0%
Revenue
$168m, up 9.6% on a year earlier
Next report
November 2, 2026; average EPS estimate $0.04

Tetra Technologies' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-5.6%
  • 1 week+2.8%
  • 1 month-7.8%
  • This year-41.0%
  • 1 year-21.7%
  • 5 years+51.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$657M
Operating margin
6.9%
Net margin
1.4%
EPS (TTM, diluted)
$0.06

Growth

Revenue growth
+6.1%
Change in growth rate
+0.4 pts
Share count change
+5.8%

Cash

Free cash flow (TTM)
-$42.3M
FCF margin
-6.4%
Stock pay % of revenue
1.1%

Earnings

Last results
November 2, 2026
Next results (est.)
February 1, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Agreement
  3. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Tetra Technologies Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value Tetra Technologies Inc as an oil and gas producer, with every model that fits that kind of business. Cost of equity 9%: the 10-year Treasury yield (4.9%) plus a beta of 0.91 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Proved-reserve net asset value The SEC standardised measure of the company's proved oil and gas reserves (future net cash flows after tax at SEC average prices, discounted at 10%) less debt and other claims, per share. — Does not apply: latest tagged standardised measure is for 2013-12-31: out of date
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$0.7 ~$0.5–$1.0 Left out: out of range vs price (0.12x)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$8.2 ~$5.6–$12 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$6.8 ~$5.9–$8.2 Included
Combined value Weighted average of the models that apply: the primary model (proved-reserve net asset value) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$7.5 ~$6.8–$8.2 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Tetra Technologies Inc with oil and gas producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$7.17$4.87$4.27$1.68$1.96$0.86$2.84$3.46$4.52$3.58$9.37$5.53
Market value$567m$425m$489m$208m$246m$108m$360m$449m$593m$473m$1.3bn$782m
+ Net debt (− = net cash)$601m$594m$604m$806m$856m$133m$120m$143m$105m$143m$117m$106m
Enterprise value$1.2bn$1.0bn$1.1bn$1.0bn$1.1bn$241m$480m$592m$698m$616m$1.4bn$888m
Multiples
Price / sales 0.5x0.7x0.7x0.4x0.4x0.3x0.9x0.8x0.9x0.8x2.0x1.2x
Price / earnings ——————3.5x57.3x23.0x4.4xn/m87.9x
Price / free cash flow 7.4x12.3x38.6x——2.3x——18.5x—64.8x—
EV / EBITDA ————————8.8x7.2x15.0x10.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

19 /100

Weak moat

How hard Tetra Technologies's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 0.7% of total assets over 10 years.

  • Pricing power 0 / 20

    Gross margin has been a median 18.8%, moving by 28.3 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Net margin has been a median 0.8%; its worst year was -176.3%.

  • Cash conversion 6 / 20

    Free cash flow was positive in 6 of 10 years, at a median 0.3% of revenue.

  • Discipline 13 / 20

    The diluted share count rose 11.5% over five years; stock-based pay has been a median 1.2% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.23 −12% $658m +4%
Next $0.29 +28% $717m +9%

Next year's EPS estimate has moved −22.4% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −8.0% on 90 days ago. In the last 30 days, 0 analysts raised Tetra Technologies Inc's forecast and 1 cut it.

Consensus EPS forecast Tetra Technologies Inc, last 90 days
$0.20 $0.25 $0.30 $0.35 $0.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.25 Current fiscal year, 60 days ago: $0.24 Current fiscal year, 30 days ago: $0.24 Current fiscal year, 7 days ago: $0.23 Current fiscal year, Now: $0.23 $0.23 Next fiscal year, 90 days ago: $0.38 Next fiscal year, 60 days ago: $0.29 Next fiscal year, 30 days ago: $0.28 Next fiscal year, 7 days ago: $0.29 Next fiscal year, Now: $0.29 $0.29

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.25$0.38
60 days ago $0.24$0.29
30 days ago $0.24$0.28
7 days ago $0.23$0.29
Now $0.23$0.29

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.04 $0.06 +50.0%
Jun 2026 $0.07 $0.08 +6.7%
Mar 2026 $0.03 $0.06 +125.0%
Dec 2025 $0.02 $0.02 0.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

4 analysts, Nov 2026
Buy4100%
Hold00%
Sell00%

Monthly trend

  1. Nov 2026134
  2. Oct 2026134
  3. Sep 2026134
  4. Aug 2026134

Counts of recommendations published by analysts covering Tetra Technologies Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
7.7%
of tradable shares
Days to cover
4.72
at average volume
Short interest, 1 month
−2%
to October 15, 2026
Held by institutions
94%
of shares
Held by insiders
5.5%
of shares
Employees
1,400
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months −21.7%

$7.06 on October 31, 2025 to $5.53

ThenNowEffect
Revenue (last 12 months) $607m $642m +5.7%
Net margin 19.0% 1.0% −94.9%
P/E multiple 8.2x 122.8x +1405.6%
Share count 133m 138m −3.5%

Biggest factor: net margin.

Last 3 years +21.3%

$4.56 on November 3, 2023 to $5.53

ThenNowEffect
Revenue (last 12 months) $604m $642m +6.2%
Net margin 3.7% 1.0% −74.2%
P/E multiple 26.2x 122.8x +369.1%
Share count 130m 138m −5.7%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
TTI+230%+22%+31%−21%+162%−41%
Industry peers (median)−1%+49%−7%−5%−1%+19%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
TTI67%50%50%33%67%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
TTI−45%−42%−38%−44%−57%−58%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 98% from November 30, 2015 to April 16, 2020. Getting back needed a 3937% gain, reached on December 11, 2025, 2065 days after the low.

Price behaviour

52-week range
$5.15 – $12.32
From 52-week high
−55.1%
vs 50-day average
−9.7%
vs 200-day average
−36.4%
Volatility (1 year)
56%
Beta vs S&P 500
1.62

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 6 down
typical move ±8.0%
After a week
6 up, 5 down
typical move ±10.1%
After a month
6 up, 5 down
typical move ±13.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 +8.3% +1.6% +13.1% −15.0%
April 29, 2026 −2.3% +1.0% +1.2% +5.0%
February 25, 2026 −19.1% +0.3% −23.2% −25.0%
October 28, 2025 −5.6% +0.3% −8.4% +2.4%
July 29, 2025 +4.0% −0.4% +6.4% +19.9%
April 29, 2025 +5.2% +0.7% +0.7% +1.1%
February 25, 2025 −5.1% −0.4% −17.1% −14.7%
October 29, 2024 +14.2% −0.1% +10.4% +21.5%
July 31, 2024 −0.6% +0.2% −14.4% −11.3%
April 30, 2024 −18.0% −1.9% −13.7% −18.2%
February 27, 2024 +5.7% +0.1% +2.1% +14.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Tetra Technologies Inc in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Tetra Technologies Inc
$580M $600M $620M $640M $660M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $626.3M Revenue (TTM), FY24 Q1: $631M Revenue (TTM), FY24 Q2: $627.5M Revenue (TTM), FY24 Q3: $617.7M Revenue (TTM), FY24 Q4: $599.1M Revenue (TTM), FY25 Q1: $605.3M Revenue (TTM), FY25 Q2: $607.2M Revenue (TTM), FY25 Q3: $618.8M Revenue (TTM), FY25 Q4: $630.9M Revenue (TTM), FY26 Q1: $630M Revenue (TTM), FY26 Q2: $641.8M Revenue (TTM), FY26 Q3: $656.5M $656.5M

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $626.3M
FY24 Q1 $631M
FY24 Q2 $627.5M
FY24 Q3 $617.7M
FY24 Q4 $599.1M
FY25 Q1 $605.3M
FY25 Q2 $607.2M
FY25 Q3 $618.8M
FY25 Q4 $630.9M
FY26 Q1 $630M
FY26 Q2 $641.8M
FY26 Q3 $656.5M
Revenue growth, TTM YoY Tetra Technologies Inc
-5% 0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 13.2% Revenue growth, TTM YoY, FY24 Q1: 10.8% Revenue growth, TTM YoY, FY24 Q2: 3.9% Revenue growth, TTM YoY, FY24 Q3: -0.5% Revenue growth, TTM YoY, FY24 Q4: -4.3% Revenue growth, TTM YoY, FY25 Q1: -4.1% Revenue growth, TTM YoY, FY25 Q2: -3.2% Revenue growth, TTM YoY, FY25 Q3: 0.2% Revenue growth, TTM YoY, FY25 Q4: 5.3% Revenue growth, TTM YoY, FY26 Q1: 4.1% Revenue growth, TTM YoY, FY26 Q2: 5.7% Revenue growth, TTM YoY, FY26 Q3: 6.1% 6.1%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 13.2%
FY24 Q1 10.8%
FY24 Q2 3.9%
FY24 Q3 -0.5%
FY24 Q4 -4.3%
FY25 Q1 -4.1%
FY25 Q2 -3.2%
FY25 Q3 0.2%
FY25 Q4 5.3%
FY26 Q1 4.1%
FY26 Q2 5.7%
FY26 Q3 6.1%
Operating margin (TTM) Tetra Technologies Inc
-10% 0% 10% 20% FY10 Q1 FY10 Q3 FY11 Q1 FY25 Q3 FY26 Q1 FY26 Q3 Operating margin (TTM), FY10 Q1: 11.9% Operating margin (TTM), FY10 Q2: 12.1% Operating margin (TTM), FY10 Q3: 8.8% Operating margin (TTM), FY10 Q4: -6.5% Operating margin (TTM), FY11 Q1: -7.9% Operating margin (TTM), FY25 Q2: 10.2% Operating margin (TTM), FY25 Q3: 9.8% Operating margin (TTM), FY25 Q4: 8.8% Operating margin (TTM), FY26 Q1: 7.8% Operating margin (TTM), FY26 Q2: 7.3% Operating margin (TTM), FY26 Q3: 6.9% 6.9%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Operating margin (TTM)
FY10 Q1 11.9%
FY10 Q2 12.1%
FY10 Q3 8.8%
FY10 Q4 -6.5%
FY11 Q1 -7.9%
FY25 Q2 10.2%
FY25 Q3 9.8%
FY25 Q4 8.8%
FY26 Q1 7.8%
FY26 Q2 7.3%
FY26 Q3 6.9%
FCF margin (TTM) Tetra Technologies Inc
-10% -5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 5.1% FCF margin (TTM), FY24 Q1: 1.0% FCF margin (TTM), FY24 Q2: -0.4% FCF margin (TTM), FY24 Q3: -0.6% FCF margin (TTM), FY24 Q4: -4.0% FCF margin (TTM), FY25 Q1: -1.4% FCF margin (TTM), FY25 Q2: 1.8% FCF margin (TTM), FY25 Q3: 1.0% FCF margin (TTM), FY25 Q4: 3.1% FCF margin (TTM), FY26 Q1: 0.4% FCF margin (TTM), FY26 Q2: -2.4% FCF margin (TTM), FY26 Q3: -6.4% -6.4%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 5.1%
FY24 Q1 1.0%
FY24 Q2 -0.4%
FY24 Q3 -0.6%
FY24 Q4 -4.0%
FY25 Q1 -1.4%
FY25 Q2 1.8%
FY25 Q3 1.0%
FY25 Q4 3.1%
FY26 Q1 0.4%
FY26 Q2 -2.4%
FY26 Q3 -6.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 879 873 845 881 909 1,078 1,130 617 723 560 561 378 388 553 626 599 631 657
Gross profit 213 44 167 167 135 95 189 61 108 103 12 68 59 121 154 140 156 147
EBITDA — — — — — — — — — — — — — — 79 86 92 83
Operating income 112 −56 — — — — — — — — — — — — 45 50 55 45
Net income 69 −44 16 16 0 −170 −126 −161 −39 −62 −147 −51 103 8 26 108 3 9
Diluted EPS $0.91 −$0.58 $0.20 $0.20 $0.00 −$2.16 −$1.59 −$1.85 −$0.34 −$0.50 −$1.17 −$0.41 $0.82 $0.06 $0.20 $0.82 $0.02 $0.06
Growth (year on year)
Revenue −12.9% −0.7% −3.1% +4.2% +3.2% +18.5% +4.9% −45.4% +17.1% −22.5% +0.2% −32.7% +2.8% +42.5% +13.2% −4.3% +5.3% +6.1%
EBITDA — — — — — — — — — — — — — — — +8.0% +8.0% −15.3%
Operating income — −150.3% — — — — — — — — — — — — — +11.0% +11.0% −25.8%
Net income — −163.5% — — — — — — — — — — — −92.4% — +320.0% −97.2% −92.7%
Diluted EPS — −163.7% — — — — — — — — — — — −92.7% — +310.0% −97.6% −93.1%
Margins
Gross margin 24.2% 5.0% 19.8% 19.0% 14.9% 8.8% 16.7% 9.9% 15.0% 18.4% 2.1% 17.9% 15.3% 21.9% 24.5% 23.3% 24.7% 22.5%
EBITDA margin — — — — — — — — — — — — — — 12.7% 14.3% 14.7% 12.6%
Operating margin 12.8% −6.5% — — — — — — — — — — — — 7.2% 8.3% 8.8% 6.9%
Net margin 7.8% −5.0% 1.9% 1.8% 0.0% −15.7% −11.2% −26.2% −5.4% −11.0% −26.3% −13.5% 26.6% 1.4% 4.1% 18.1% 0.5% 1.4%
Free-cash-flow margin 13.7% 5.2% −10.6% −10.2% −5.7% −2.1% 6.8% 5.6% 1.8% −17.0% −3.2% 12.6% −4.1% −3.8% 5.1% −4.0% 3.1% −6.4%
Cash flow
Cash from operations 272 153 18 18 50 109 197 56 65 47 90 77 5 19 70 37 100 63
Capital spending 152 108 108 108 101 132 121 21 52 142 108 29 21 40 38 61 81 105
Free cash flow 121 46 −90 −90 −52 −23 76 35 13 −95 −18 48 −16 −21 32 −24 20 −42
Stock-based pay 7 7 9 9 7 7 17 14 8 7 8 7 5 7 11 7 7 7
Free cash flow after stock pay 114 38 −99 −99 −58 −30 60 21 5 −103 −26 41 −21 −28 21 −31 12 −50
Balance sheet
Cash 33 204 204 74 39 48 23 30 26 40 15 67 32 14 52 37 73 84
Total debt 310 305 305 367 388 935 624 624 630 846 871 200 152 156 158 180 190 190
Net debt (negative = net cash) 277 101 101 293 349 887 601 594 604 806 856 133 120 143 105 143 117 106
Diluted shares 76m 76m 78m 78m 79m 79m 79m 87m 114m 124m 126m 126m 127m 130m 131m 132m 135m 141m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 5 checks passed · September 30, 2026
What it owns · $809m
Short-term assets $394mLonger-term assets $415m
What it owes, and who funded it · $578m
Short-term liabilities $162mShareholders' equity $415m
  • Short-term assets cover short-term liabilities $394m of assets due within a year against $162m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $84m of cash against $183m of debt.
  • Debt below 40% of shareholders' equity Debt is 44% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 141% to 44% over five years.
  • A year's operating cash flow covers at least 20% of debt $63m of operating cash flow against $183m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Tetra Technologies Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+5.8%
year over year
Days sales outstanding
71 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in oil & gas equipment & services
Last 12 months unless stated TTI OIS KLXE BOOM RNGR SEI Median
Revenue, last 12 months $657m $650m $636m $609m $607m $762m $1.2bn
Revenue growth, last 12 months 6.1% −0.7% −4.8% −1.6% 6.1% 70.5% 3.7%
Revenue growth, 3-year average 1.9% −5.7% −11.5% −5.4% −2.4% 31.4% 2.0%
Revenue growth, latest quarter 9.6% 2.8% 5.2% 14.1% 25.5% 46.9% 7.3%
Gross margin 22.5% 20.2% 21.0% 21.5% — — 21.1%
Operating margin 6.9% −14.0% −2.4% 0.7% 3.7% 24.3% 7.3%
Operating margin, 3-year average 8.5% −3.5% −2.0% −5.3% 4.4% 19.7% 7.2%
Net margin 1.4% −16.5% −9.7% −1.2% 2.4% 7.2% 2.6%
Cash from operations / revenue 9.6% 7.3% 5.8% 3.7% 10.0% 55.7% 11.7%
Free-cash-flow margin −6.4% 5.2% −0.3% 2.0% 3.9% −95.5% 2.0%
Free-cash-flow margin, 3-year average −2.0% 3.4% −1.4% 4.4% 6.7% −58.2% 4.0%
Stock pay / revenue 1.1% 1.6% 0.3% 0.3% 1.1% 3.9% 1.1%
Change in share count 5.8% −2.2% 13.8% 1.0% 1.3% — 1.0%

Median of all 35 companies we cover in oil & gas equipment & services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

35 oil & gas equipment & services companies
Measure Company Peer median Rank
Revenue growth Growth 6.1% 3.7% 15 of 35
Change in growth rate Growth +0.4pp +1.5pp 21 of 34
Gross margin Profitability 22.5% 21.5% 9 of 21
Operating margin Profitability 6.9% 7.2% 17 of 32
Net margin Profitability 1.4% 2.6% 25 of 35
Free-cash-flow margin Cash generation -6.4% 2.0% 28 of 35
Stock pay as % of revenue Cash generation 1.1% 1.1% 19 of 32
Long-term debt as % of assets Balance sheet 22.6% 22.6% 17 of 32
Change in share count Balance sheet 5.8% 1.0% 23 of 31
Days sales outstanding Balance sheet 71 days 74 days 13 of 26

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Completion Fluids Products Division $376M 59.7% ▲ 20.9%
Water Flowback Services $254M 40.3% ▼ 11.6%
Products and services
Line of business Revenue Share YoY
Products $352M 55.7% ▲ 14.0%
Services $279M 44.3% ▼ 4.0%
Geography
Region Revenue Share YoY
United States $434M 68.7% ▲ 8.7%
Outside the US $197M 31.3% ▼ 1.4%

From Tetra Technologies Inc's 10-K filed February 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.5B
Institutions reporting
240
Shares held vs prior quarter
▲ 17.8%
Positions opened / closed
33 / 28

Top buyers and sellers, Q2 2026: 134 institutions bought and 101 sold ; the biggest buyer was Broad Bay Capital Management, LP (+3.5M shares) and the biggest seller Encompass Capital Advisors LLC (−1.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $138M 12.2M 9.0% ▲ 5.3%
Neuberger Berman Group LLC $98.2M 8.7M 6.4% ▲ 6.2%
Vanguard Capital Management LLC $69.3M 6.1M 4.5% ▲ 12.8%
Ameriprise Financial Inc $68.7M 6.1M 4.5% ▲ 10.0%
Needham Investment Management LLC $64M 5.7M 4.2% ▲ 67.5%
Cramer Rosenthal Mcglynn LLC $57.4M 5.1M 3.7% ▲ 187.9%
American Century Companies Inc $51.3M 4.5M 3.3% ▲ 4.0%
Driehaus Capital Management LLC $49.6M 4.4M 3.2% ▲ 21.8%
State Street Corp $44.8M 4.0M 2.9% ▼ 5.1%
Vaughan Nelson Investment Management, L.P. $44M 3.9M 2.9% ▲ 41.4%
Broad Bay Capital Management, LP $39.6M 3.5M 2.6% New
Geode Capital Management, LLC $37.8M 3.3M 2.5% ▲ 5.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Tetra Technologies Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $281,920 2 trades by 2 insiders, last 12 months Insider sales History → $689,528 4 trades by 2 insiders · 78% under pre-set plans
Net ▼ $407,608 net selling
Insider Date Trade Shares Price Value
John Angela D Director September 2, 2026 Buy 10,000 $6.50 $65,000
Murphy Brady M President & CEO July 2, 2026 Sell pre-set plan 61 $10.01 $611
Murphy Brady M President & CEO July 1, 2026 Sell pre-set plan 50,000 $10.72 $536,000
Hallead Kurt VP-Treasurer & IR June 9, 2026 Buy 22,000 $9.86 $216,920
Boston Shoemake Alicia R Sr. VP and General Counsel November 10, 2025 Sell 13,115 $7.96 $104,395
Boston Shoemake Alicia R Sr. VP and General Counsel November 10, 2025 Sell 6,142 $7.90 $48,522

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around February 1, 2027 estimated from the company's past filing pattern, not announced

  • November 2, 2026
  • August 4, 2026
  • April 29, 2026
  • February 25, 2026
  • October 28, 2025
  • July 29, 2025

Recent SEC filings

Data status

When each part of this page on Tetra Technologies Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Tetra Technologies Inc in brief

What does Tetra Technologies Inc do?
Tetra Technologies Inc is a US-listed company in the oil & gas equipment & services industry. Its financial year ends in December.
What is Tetra Technologies Inc's stock ticker?
Tetra Technologies Inc trades under the ticker TTI on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Tetra Technologies Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Tetra Technologies Inc reported revenue of $657M, 6.1% higher than a year earlier, according to its SEC filings.
What is Tetra Technologies Inc's free cash flow?
Tetra Technologies Inc's free-cash-flow margin is -6.4% of revenue over the trailing twelve months, ranking 28 of the 35 oil & gas equipment & services companies we cover.
Who are Tetra Technologies Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Neuberger Berman Group LLC and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Tetra Technologies Inc's market cap?
On November 2, 2026, Tetra Technologies Inc's market capitalisation was about $782M, with a price-to-earnings ratio of 87.9 and net debt of $106M. Market figures come from third-party market data and may be delayed.
How much debt does Tetra Technologies Inc have?
Tetra Technologies Inc's debt-to-equity ratio is 44.0%, from its latest balance sheet (141.2% five years earlier). The financial health section below sets out its other solvency checks.
Who are Tetra Technologies Inc's competitors?
In our Oil & Gas Equipment & Services peer group, the companies closest to Tetra Technologies Inc are OIL States International, Inc, KLX Energy Services Holdings, Inc., DMC Global Inc., Ranger Energy Services, Inc. and Solaris Energy Infrastructure, Inc. The side-by-side comparison below sets their revenue, margins and growth against Tetra Technologies Inc's.
Are insiders buying or selling Tetra Technologies Inc stock?
Over the last 12 months, Tetra Technologies Inc's directors and officers reported 2 open-market purchases and 4 sales on Form 4. The insider trading page charts every trade.
When is Tetra Technologies Inc's next earnings date?
Around February 1, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Tetra Technologies Inc announces its own schedule.