(TTI) Tetra Technologies - Overview
Sector: Industrials | Industry: Conglomerates | Exchange: NYSE (USA) | Market Cap: 1.411m USD | Total Return: 275.8% in 12m
Avg Turnover: 12.1M
EPS Trend: 8.4%
Qual. Beats: 0
Rev. Trend: 13.1%
Qual. Beats: 0
Warnings
P/E ratio 173.7
Altman Z'' 0.68 < 1.0 - financial distress zone
Tailwinds
Shakeout, Leader
TETRA Technologies, Inc. (TTI) is a global energy services firm operating through two primary divisions: Completion Fluids & Products and Water & Flowback Services. The company provides specialized clear brine fluids and additives for well drilling and workover operations, while also managing water logistics and flowback services for onshore oil and gas producers.
The business model relies on high-barrier chemical manufacturing, specifically calcium chloride and zinc bromide, which serve both traditional fossil fuel extraction and the emerging energy storage sector. Unlike pure-play exploration firms, oilfield service companies like TTI often experience demand cycles driven by the maintenance and completion intensity of existing wells rather than just new drilling activity.
Evaluating the companys long-term valuation metrics on ValueRay can provide deeper insight into its financial health. TETRA currently maintains a diversified geographic footprint with operations across North America, Latin America, Europe, and the Middle East.
- Global offshore drilling activity levels dictate demand for high-margin completion fluids
- Domestic shale completion volume drives revenue for water and flowback services
- Expansion into bromine-based battery electrolytes diversifies revenue beyond fossil fuel cycles
- Arkansas brine mineral rights development impacts long-term lithium and bromine production capacity
- Fluctuations in calcium chloride raw material costs affect industrial segment profit margins
| Net Income: 7.28m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA 1.80 > 1.0 |
| NWC/Revenue: 23.82% < 20% (prev 29.19%; Δ -5.37% < -1%) |
| CFO/TA 0.13 > 3% & CFO 84.6m > Net Income 7.28m |
| Net Debt (231.4m) to EBITDA (84.0m): 2.76 < 3 |
| Current Ratio: 2.02 > 1.5 & < 3 |
| Outstanding Shares: last quarter (137.3m) vs 12m ago 2.66% < -2% |
| Gross Margin: 24.57% > 18% (prev 0.25%; Δ 2.43k% > 0.5%) |
| Asset Turnover: 98.72% > 50% (prev 98.57%; Δ 0.15% > 0%) |
| Interest Coverage Ratio: 2.96 > 6 (EBITDA TTM 84.0m / Interest Expense TTM 15.8m) |
| A: 0.23 (Total Current Assets 297.2m - Total Current Liabilities 147.1m) / Total Assets 662.3m |
| B: -0.24 (Retained Earnings -157.1m / Total Assets 662.3m) |
| C: 0.07 (EBIT TTM 46.8m / Avg Total Assets 638.2m) |
| D: -0.50 (Book Value of Equity -189.8m / Total Liabilities 376.7m) |
| Altman-Z'' = 0.68 = B |
| DSRI: 0.92 (Receivables 115.8m/120.9m, Revenue 630.0m/605.3m) |
| GMI: 1.02 (GM 24.57% / 25.07%) |
| AQI: 0.82 (AQ_t 0.19 / AQ_t-1 0.23) |
| SGI: 1.04 (Revenue 630.0m / 605.3m) |
| TATA: -0.12 (NI 7.28m - CFO 84.6m) / TA 662.3m) |
| Beneish M = -3.27 (Cap -4..+1) = AA |
As of May 25, 2026, the stock is trading at USD 10.31 with a total of 645,765 shares traded.
Over the past week, the price has changed by -1.05%,
over one month by +7.43%,
over three months by -7.05% and
over the past year by +275.81%.
Tetra Technologies has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy TTI.
- StrongBuy: 3
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 12.5 | 21.2% |
P/E Forward = 12.7065
P/S = 2.2391
P/B = 4.8704
P/EG = 1.8232
Revenue TTM = 630.0m USD
EBIT TTM = 46.8m USD
EBITDA TTM = 84.0m USD
Long Term Debt = 175.9m USD (from longTermDebt, last quarter)
Short Term Debt = 17.8m USD (from shortTermDebt, last quarter)
Debt = 266.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 42.5m
Net Debt = 231.4m USD (calculated: Debt 266.9m - CCE 35.5m)
Enterprise Value = 1.64b USD (1.41b + Debt 266.9m - CCE 35.5m)
Interest Coverage Ratio = 2.96 (Ebit TTM 46.8m / Interest Expense TTM 15.8m)
EV/FCF = 611.6x (Enterprise Value 1.64b / FCF TTM 2.69m)
FCF Yield = 0.16% (FCF TTM 2.69m / Enterprise Value 1.64b)
FCF Margin = 0.43% (FCF TTM 2.69m / Revenue TTM 630.0m)
Net Margin = 1.15% (Net Income TTM 7.28m / Revenue TTM 630.0m)
Gross Margin = 24.57% ((Revenue TTM 630.0m - Cost of Revenue TTM 475.2m) / Revenue TTM)
Gross Margin QoQ = 24.46% (prev 21.80%)
Tobins Q-Ratio = 2.48 (Enterprise Value 1.64b / Total Assets 662.3m)
Interest Expense / Debt = 5.94% (Interest Expense 15.8m / Debt 266.9m)
Taxrate = 28.22% (3.27m / 11.6m)
NOPAT = 33.6m (EBIT 46.8m * (1 - 28.22%))
Current Ratio = 2.02 (Total Current Assets 297.2m / Total Current Liabilities 147.1m)
Debt / Equity = 0.93 (Debt 266.9m / totalStockholderEquity, last quarter 286.9m)
Debt / EBITDA = 2.76 (Net Debt 231.4m / EBITDA 84.0m)
Debt / FCF = 86.17 (Net Debt 231.4m / FCF TTM 2.69m)
Total Stockholder Equity = 289.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.14% (Net Income 7.28m / Total Assets 662.3m)
RoE = 1.63% (Net Income TTM 7.28m / Total Stockholder Equity 446.7m)
RoCE = 7.52% (EBIT 46.8m / Capital Employed (Equity 446.7m + L.T.Debt 175.9m))
RoIC = 6.31% (NOPAT 33.6m / Invested Capital 533.1m)
WACC = 9.93% (E(1.41b)/V(1.68b) * Re(11.0%) + D(266.9m)/V(1.68b) * Rd(5.94%) * (1-Tc(0.28)))
Discount Rate = 11.0% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 82.22 | Cagr: 2.44%
[DCF] Terminal Value 70.11% ; FCFF base≈2.69m ; Y1≈2.70m ; Y5≈2.86m
[DCF] Fair Price = N/A (negative equity: EV 35.0m - Net Debt 231.4m = -196.3m; debt exceeds intrinsic value)
EPS Correlation: 8.44 | EPS CAGR: 1.47% | SUE: 0.83 | # QB: 0
Revenue Correlation: 13.10 | Revenue CAGR: 0.27% | SUE: 0.49 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.08 | Chg30d=-14.26% | Revisions=+0% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.06 | Chg30d=-13.11% | Revisions=N/A | Analysts=2
EPS current Year (2026-12-31): EPS=0.24 | Chg30d=+16.67% | Revisions=+33% | GrowthEPS=-5.8% | GrowthRev=+3.9%
EPS next Year (2027-12-31): EPS=0.40 | Chg30d=-1.64% | Revisions=-33% | GrowthEPS=+61.9% | GrowthRev=+10.2%
[Analyst] Revisions Ratio: +33%