TTINYSECrude Petroleum & Natural GasFiscal year ends December 31
TETRA TECHNOLOGIES INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$5.24−0.08 (-1.50%)
Close on Oct 19, 2026
- Market cap
- $736.84M
- P/E (TTM)
- 131.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
24.7%+6.8 pts over 5 years
Operating margin
8.8%
Net margin
0.5%+14.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.3% | +4.5% | +10.8% | -5.7% | |
| Gross profit | +11.5% | +8.8% | +18.2% | -1.9% | |
| Operating income | +11.0% | – | – | – | |
| Net income | -97.2% | -27.4% | – | – | |
| EPS, diluted | -97.6% | -30.7% | – | – | |
| Free cash flow | – | – | -16.3% | -12.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -69.1% | -413.6% | 1.1% | |
| Return on assets | -10.9% | -4.3% | 0.5% | |
| Current ratio | 2.36 | 1.17 | 1.96 | |
| Debt to equity | 2.67 | -20.74 | 0.64 | |
| Net debt to EBITDA | – | – | 1.18× | |
| Inventory turnover | 5.2× | 3.9× | 4.4× | |
| Capex to revenue | 3.4% | 7.8% | 12.8% | |
| Diluted shares | 87M | 126M | 135M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Tetra Technologies generated $230.70M from operations and spent $240.24M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$230.70M
Used
$240.24M
Capital expenditure$240.24M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin0.5%
×Asset turnover0.99×
×Equity multiplier2.38×
=Return on equity, FY20251.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 0.5% | 0.99× | 2.38× | 1.1% |
| FY2024 | 18.1% | 1.11× | 2.69× | 53.7% |
| FY2023 | 4.1% | 1.37× | 3.56× | 20.1% |
| FY2022 | 1.4% | 1.33× | 4.02× | 7.6% |
| FY2021 | 26.6% | 0.51× | 17.00× | 229.5% |
| FY2020 | -13.5% | 0.31× | 97.23× | -413.6% |
| FY2019 | -26.3% | 0.42× | 12.79× | -141.9% |
| FY2018 | -11.0% | 0.42× | 7.06× | -32.3% |
| FY2017 | -5.4% | 0.55× | 5.94× | -17.7% |
| FY2016 | -26.2% | 0.42× | 6.32× | -69.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$3.01M
- Cash generatingOperating cash flow above zero$100.36M
- Return on assets improvedROA up on the prior year22.6% → 0.5%
- Earnings backed by cashOperating cash flow above net income$100.36M vs $3.01M
- Less leverageLong-term debt to assets fell29.7% → 26.1%
- Better liquidityCurrent ratio rose2.19 → 1.96
- No dilutionShare count did not rise132M → 135M
- Gross margin improvedGross margin up on the prior year23.34% → 24.72%
- More efficientAsset turnover rose1.25 → 1.04