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TIC Solutions (TIC) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · TIC Solutions (TIC) Q3 2026 earnings results →
Q3 2026 Revenue up 35% year over year to $640M · 2¢ of every $1 of revenue lost · operating margin 2.5%
TIC Solutions made $640M in Q3 2026 (+35% Y/Y). Operating margin 2.5%, net loss $11.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $639.6M in Q3 2026, up 35% year over year and up 9% from the previous quarter.
Gross margin was 35.4%, up 3.2 points from Q3 2025. Operating profit was $16.0M, a 2.5% margin (up 3.9 points year over year). Operating expenses grew 32% against revenue growth of 35%. The quarter ended with a net loss of $11.1M, narrower than the previous quarter's $13.3M loss. Net interest and other expense of $28.3M was the main reason.
Operating cash flow was $36.5M (up 92% year over year). Non-cash charges added back $61.5M of depreciation and amortization and $11.2M of share-based compensation. Working capital and other items used $25.2M. Capital expenditures of $14.2M left free cash flow of $22.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $640M | +35% | 2.5% | −$11.1M | $36.5M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $584M | +86% | 1.9% | −$13.3M | −$9.8M |
| Q1 2026 | 10-Q | May 6, 2026 | $488M | +108% | -6.0% | −$41.5M | $9.9M |
| Q4 2025 | 10-K | Mar 12, 2026 | $508M | — | -3.8% | −$47.2M | $49.7M |
| Q3 2025 | 10-Q | Nov 12, 2025 | $474M | — | -1.4% | −$13.9M | $19.0M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $314M | +2% | 5.8% | −$233K | −$6.5M |
| Q1 2025 | 10-Q | May 15, 2025 | $234M | — | -4.0% | −$25.8M | $32.8M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About TIC Solutions
We are a leading provider of tech-enabled Testing, Inspection, Certification and Compliance (TICC), engineering, and geospatial services. We provide mission-critical services that are essential to the safety, reliability, and efficiency of industrial assets, buildings, and public infrastructure. Our services are often non-discretionary and are driven by regulatory requirements, customer risk management policies, and the need to extend the useful life of critical assets. We operate primarily in North America and serve both private and public-sector clients. Our private-sector clients span industrial, infrastructure, construction, and commercial real estate end markets. Our public-sector clients include federal, state, and municipal agencies, public utilities, transportation authorities, and environmental regulators.
In its own words, from its 10-K, filed Mar 12, 2026.
TIC Solutions against its Services-Business Services, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +35% against the peers' median +13%. Operating margin: 2.5% against the peers' median 9.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| TIC TIC Solutions | Q3 2026 | $640M | +35% | 2.5% |
| ACN Accenture | Q4 FY26 | $18.7B | +6% | 15.3% |
| UBER Uber Technologies | Q3 2026 | $14.8B | +10% | 9.8% |
| V Visa | Q4 FY26 | $12.1B | +13% | 59.8% |
| MELI MercadoLibre | Q3 2026 | $10.8B | +45% | 6.3% |
| MA Mastercard | Q3 2026 | $9.8B | +14% | 59.8% |
| PYPL PayPal Holdings | Q3 2026 | $8.6B | +2% | 16.3% |
| FISV Fiserv | Q3 2026 | $5.2B | -1% | -105.7% |
| DASH DoorDash | Q3 2026 | $4.6B | +34% | 9.6% |
Source: TIC Solutions 10-Q on SEC EDGAR · CIK 2032966 · Services-Business Services, NEC
Guidance and outlook
13F: who owns TIC and who is buying
More on TIC
- How TIC Solutions makes money: revenue by segment
- TIC Solutions next earnings date and what analysts expect
- TIC Solutions stock forecast, price target and fair value
- Who owns TIC Solutions stock: holders, funds and Congress trades
- TIC Solutions guidance and outlook
- Is TIC Solutions a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results