Filing Flows › Companies › TIC Solutions › Cash flow
TIC Solutions cash flow, quarter by quarter
Latest: Q3 2026 · from the cash-flow statements filed with the SEC
Free cash flow$22.3M in Q3 2026 · $34.2M over twelve months
Analysis
In Q3 2026, TIC Solutions generated $36.5M of operating cash flow and spent $14.2M on capital projects, leaving free cash flow of $22.3M. That is $12.0M more than in Q3 2025 ($10.3M).
Over the twelve months to Sep 30, 2026, operating cash flow was $86.3M; the largest uses were acquisitions ($187M), capital spending ($52.1M), net borrowing (+) / repaid (−) ($11.9M); besides operations, cash came from other financing ($196M), asset & business sales ($4.7M); the cash balance rose by $33.5M.
Operating cash flow was $36.5M against net income of −$11.1M. The largest differences: receivables −$78.2M, depreciation & amortization +$61.5M, accrued liabilities +$38.0M.
Its cash conversion cycle was 46 days (receivables 61 + inventory 0 − payables 16).
Free cash flow
Cash runway and the debt wall
TIC Solutions funds itself: free cash flow was $34.2M over the last twelve months, and $198M of cash and investments stands against $1.6B of debt ($25.5M due within a year, 7.8× covered by cash).
Where the cash came from and went
From profit to cash
| Quarter | Receivable days | Inventory days | Payable days | Cash conversion cycle |
|---|---|---|---|---|
| Q3 2026 | 61 | — | 16 | 46 |
| Q2 2026 | 56 | — | 14 | 43 |
| Q1 2026 | 66 | — | 16 | 49 |
| Q4 2025 | 67 | — | 17 | 50 |
| Q3 2025 | 62 | — | 12 | 50 |
| Q2 2025 | 67 | — | 7 | 60 |
| Q1 2025 | 81 | — | 8 | 72 |
Every quarter
| Quarter | Operating cash flow | Capital spending | Acquisitions | Buybacks | Net borrowing (+) / repaid (−) | Shares issued | Cash drawn (+) / kept (−) | Free cash flow |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $36.5M | −$14.2M | −$170M | −$7.0M | −$4.1M | — | $165M | $22.3M |
| Q2 2026 | −$9.8M | −$19.7M | −$6.4M | — | — | — | $64.1M | −$29.5M |
| Q1 2026 | $9.9M | −$5.7M | −$3.9M | — | −$4.1M | — | $13.0M | $4.2M |
| Q4 2025 | $49.7M | −$12.6M | −$6.6M | — | −$7.4M | $250M | −$275M | $37.1M |
| Q3 2025 | $19.0M | −$8.7M | −$822M | — | $867M | — | −$34.4M | $10.3M |
| Q2 2025 | −$6.5M | −$8.0M | −$8.6M | — | −$4.7M | — | $25.7M | −$14.5M |
| Q1 2025 | $32.8M | −$4.5M | −$8.0M | — | −$4.4M | — | −$16.6M | $28.3M |
TIC Solutions: income statement and cash flow
TIC Solutions, Q3 2026: revenue $640M (+35% year over year), operating margin 2.5%. The chart follows the revenue to costs, profit and cash.
TIC Solutions: every quarter, Q/Q and Y/Y → Open in the app
Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.