(TTI) Tetra Technologies - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US88162F1057

Completion Fluids, Additives, Calcium Chloride, Zinc Bromide, Water Management

Stock: Oil & Gas Equipment & Services
Age 35.8y
MCap 1,554m
Avg Vol 1.79M (18.7M USD)
Beta 1.497
Volatility 56.86%

EPS (Earnings per Share)

EPS (Earnings per Share) of TTI over the last years for every Quarter: "2020-12": -0.03, "2021-03": -0.04, "2021-06": -0.02, "2021-09": 0.01, "2021-12": -0.009, "2022-03": 0.06, "2022-06": 0.05, "2022-09": 0.02, "2022-12": 0.02, "2023-03": 0.03, "2023-06": 0.13, "2023-09": 0.07, "2023-12": 0.03, "2024-03": 0.05, "2024-06": 0.07, "2024-09": 0.03, "2024-12": 0.03, "2025-03": 0.11, "2025-06": 0.09, "2025-09": 0.04, "2025-12": 0,
EPS CAGR: -50.84%
EPS Trend: 1.4%
Last SUE: -1.03
Qual. Beats: 0

Revenue

Revenue of TTI over the last years for every Quarter: 2020-12: 75.458, 2021-03: 77.324, 2021-06: 102.326, 2021-09: 95.474, 2021-12: 113.148, 2022-03: 130.037, 2022-06: 140.716, 2022-09: 135.012, 2022-12: 147.448, 2023-03: 146.209, 2023-06: 175.463, 2023-09: 151.464, 2023-12: 153.126, 2024-03: 150.972, 2024-06: 171.935, 2024-09: 141.7, 2024-12: 134.504, 2025-03: 157.14, 2025-06: 173.872, 2025-09: 153.239, 2025-12: null,
Rev. CAGR: 8.42%
Rev. Trend: 59.1%
Last SUE: 4.00
Qual. Beats: 1

Dividends

Currently no dividends paid
Risk via 5d forecast
Volatility 56.9%
Value at Risk 5%th 86.1%
Relative Tail Risk -7.97%
Reward TTM
Sharpe Ratio 1.78
Alpha 122.58
CAGR/Max DD 0.66
Character TTM
Hurst Exponent 0.453
Beta 1.497
Beta Downside 2.473
Drawdowns 3y
Max DD 67.43%
Mean DD 31.03%
Median DD 33.64%

Description: TTI Tetra Technologies December 27, 2025

Tetra Technologies Inc. (NYSE:TTI) operates as an energy-services firm through two primary segments. The Completion Fluids & Products segment manufactures clear brine fluids, additives, calcium-chloride products, and ultra-pure zinc-bromide for oil-field drilling, completion, workover operations, and battery-technology applications worldwide. The Water & Flowback Services segment delivers on-site water-management, frac-flowback, and production-well testing services to onshore operators across the United States and multiple international basins.

Key recent metrics indicate the company generated approximately $1.2 billion in revenue for FY 2023, with an adjusted EBITDA margin near 12% and a backlog of roughly $300 million, reflecting steady demand for completion fluids amid a rebound in U.S. drilling activity. The segment’s performance is highly sensitive to crude-oil price trends and the U.S. rig count, both of which drive well-completion volumes. Additionally, the growing market for zinc-bromide in battery storage aligns TTI with the broader clean-energy transition, offering a potential secular growth catalyst.

For a deeper quantitative dive, the ValueRay platform provides a granular view of TTI’s valuation metrics and peer comparisons, which can help you assess the investment thesis more rigorously.

Piotroski VR‑10 (Strict, 0-10) 4.5

Net Income: 122.2m TTM > 0 and > 6% of Revenue
FCF/TA: 0.01 > 0.02 and ΔFCF/TA 1.73 > 1.0
NWC/Revenue: 29.19% < 20% (prev 25.76%; Δ 3.43% < -1%)
CFO/TA 0.11 > 3% & CFO 74.3m > Net Income 122.2m
Net Debt (147.4m) to EBITDA (95.8m): 1.54 < 3
Current Ratio: 2.35 > 1.5 & < 3
Outstanding Shares: last quarter (134.8m) vs 12m ago 2.13% < -2%
Gross Margin: 25.64% > 18% (prev 0.22%; Δ 2542 % > 0.5%)
Asset Turnover: 107.0% > 50% (prev 123.3%; Δ -16.24% > 0%)
Interest Coverage Ratio: 3.15 > 6 (EBITDA TTM 95.8m / Interest Expense TTM 18.6m)

Altman Z'' 1.22

A: 0.28 (Total Current Assets 313.9m - Total Current Liabilities 133.3m) / Total Assets 655.2m
B: -0.23 (Retained Earnings -148.9m / Total Assets 655.2m)
C: 0.10 (EBIT TTM 58.6m / Avg Total Assets 578.2m)
D: -0.50 (Book Value of Equity -179.5m / Total Liabilities 359.7m)
Altman-Z'' Score: 1.22 = BB

Beneish M -2.63

DSRI: 1.06 (Receivables 116.4m/110.0m, Revenue 618.8m/617.7m)
GMI: 0.86 (GM 25.64% / 22.01%)
AQI: 1.67 (AQ_t 0.21 / AQ_t-1 0.13)
SGI: 1.00 (Revenue 618.8m / 617.7m)
TATA: 0.07 (NI 122.2m - CFO 74.3m) / TA 655.2m)
Beneish M-Score: -2.63 = A

ValueRay F-Score (Strict, 0-100) 55.53

1. Piotroski: 4.50pt
2. FCF Yield: 0.36%
3. FCF Margin: 1.00%
4. Debt/Equity: 0.72
5. Debt/Ebitda: 1.54
6. ROIC - WACC: -3.63%
7. RoE: 43.84%
8. Revenue Trend: 59.14%
9. EPS Trend: 1.38%

What is the price of TTI shares?

As of January 23, 2026, the stock is trading at USD 11.95 with a total of 2,846,736 shares traded.
Over the past week, the price has changed by +2.84%, over one month by +28.08%, over three months by +59.12% and over the past year by +159.78%.

Is TTI a buy, sell or hold?

Tetra Technologies has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy TTI.
  • Strong Buy: 4
  • Buy: 0
  • Hold: 0
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the TTI price?

Issuer Target Up/Down from current
Wallstreet Target Price 11.5 -3.8%
Analysts Target Price 11.5 -3.8%
ValueRay Target Price 14.5 21.7%

TTI Fundamental Data Overview January 17, 2026

P/E Trailing = 12.6304
P/S = 2.5117
P/B = 5.0445
P/EG = 0.2
Revenue TTM = 618.8m USD
EBIT TTM = 58.6m USD
EBITDA TTM = 95.8m USD
Long Term Debt = 180.9m USD (from longTermDebt, last quarter)
Short Term Debt = 10.6m USD (from shortTermDebt, last quarter)
Debt = 214.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 147.4m USD (from netDebt column, last quarter)
Enterprise Value = 1.70b USD (1.55b + Debt 214.6m - CCE 67.1m)
Interest Coverage Ratio = 3.15 (Ebit TTM 58.6m / Interest Expense TTM 18.6m)
EV/FCF = 274.5x (Enterprise Value 1.70b / FCF TTM 6.20m)
FCF Yield = 0.36% (FCF TTM 6.20m / Enterprise Value 1.70b)
FCF Margin = 1.00% (FCF TTM 6.20m / Revenue TTM 618.8m)
Net Margin = 19.75% (Net Income TTM 122.2m / Revenue TTM 618.8m)
Gross Margin = 25.64% ((Revenue TTM 618.8m - Cost of Revenue TTM 460.1m) / Revenue TTM)
Gross Margin QoQ = 23.73% (prev 27.75%)
Tobins Q-Ratio = 2.60 (Enterprise Value 1.70b / Total Assets 655.2m)
Interest Expense / Debt = 2.07% (Interest Expense 4.45m / Debt 214.6m)
Taxrate = 48.78% (3.95m / 8.11m)
NOPAT = 30.0m (EBIT 58.6m * (1 - 48.78%))
Current Ratio = 2.35 (Total Current Assets 313.9m / Total Current Liabilities 133.3m)
Debt / Equity = 0.72 (Debt 214.6m / totalStockholderEquity, last quarter 296.7m)
Debt / EBITDA = 1.54 (Net Debt 147.4m / EBITDA 95.8m)
Debt / FCF = 23.78 (Net Debt 147.4m / FCF TTM 6.20m)
Total Stockholder Equity = 278.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 21.14% (Net Income 122.2m / Total Assets 655.2m)
RoE = 43.84% (Net Income TTM 122.2m / Total Stockholder Equity 278.8m)
RoCE = 12.75% (EBIT 58.6m / Capital Employed (Equity 278.8m + L.T.Debt 180.9m))
RoIC = 6.54% (NOPAT 30.0m / Invested Capital 459.1m)
WACC = 10.17% (E(1.55b)/V(1.77b) * Re(11.43%) + D(214.6m)/V(1.77b) * Rd(2.07%) * (1-Tc(0.49)))
Discount Rate = 11.43% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 1.81%
[DCF Debug] Terminal Value 61.11% ; FCFF base≈6.20m ; Y1≈4.07m ; Y5≈1.86m
Fair Price DCF = N/A (negative equity: EV 26.5m - Net Debt 147.4m = -120.9m; debt exceeds intrinsic value)
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: 1.38 | EPS CAGR: -50.84% | SUE: -1.03 | # QB: 0
Revenue Correlation: 59.14 | Revenue CAGR: 8.42% | SUE: 4.0 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.04 | Chg30d=-0.005 | Revisions Net=-1 | Analysts=2
EPS next Year (2026-12-31): EPS=0.25 | Chg30d=-0.030 | Revisions Net=-1 | Growth EPS=+13.6% | Growth Revenue=+4.4%

Additional Sources for TTI Stock

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