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Tetra Technologies (TTI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 2, 2026 · Tetra Technologies (TTI) Q3 2026 earnings results →
Q3 2026 Revenue up 10% year over year to $168M · 4¢ of every $1 of revenue kept as net profit · operating margin 5.8%
Tetra Technologies made $168M in Q3 2026 (+10% Y/Y): Product sales $86.2M, Services $81.7M. Operating margin 5.8%, net earnings $6.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 2, 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 $168.0M in Q3 2026, up 10% year over year and down 10% from the previous quarter. Product sales was the largest line at 51% of revenue. Services added $13.7M year over year (up 20%), 93% of the total change.
Gross margin was 20.9%, down 2.8 points from Q3 2025. Operating profit was $9.7M, a 5.8% margin (down 1.5 points year over year). Operating profit fell $1.4M even though revenue rose $14.7M versus Q3 2025, so costs grew faster than sales. Operating expenses grew 1% against revenue growth of 10%. Net earnings were $6.8M, up 65% year over year. The effective tax rate was -6.5%.
Operating cash flow was $8.8M (down 46% year over year), 128% of net earnings. Non-cash charges added back $9.8M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items used $9.8M. Capital expenditures of $35.3M exceeded it, leaving free cash flow of −$26.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 2, 2026 | $168M | +10% | 5.8% | $6.8M | $8.8M |
| Q2 2026 | 10-Q | Aug 4, 2026 | $186M | +7% | 10.8% | $10.2M | $34.4M |
| Q1 2026 | 10-Q | Apr 29, 2026 | $156M | -0.6% | 8.2% | $8.3M | −$11.9M |
| Q4 2025 | 10-K | Feb 25, 2026 | $147M | +9% | 1.7% | −$16.5M | $31.7M |
| Q3 2025 | 10-Q | Oct 28, 2025 | $153M | +8% | 7.3% | $4.2M | $16.4M |
| Q2 2025 | 10-Q | Jul 29, 2025 | $174M | +1% | 13.2% | $11.3M | $48.3M |
| Q1 2025 | 10-Q | Apr 29, 2025 | $157M | +4% | 11.9% | $4.0M | $3.9M |
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 Tetra Technologies
The financial statements presented in this Annual Report are the consolidated financial statements of TETRA Technologies, Inc., a Delaware corporation and its subsidiaries. When the terms “TETRA,” “the Company,” “we,” “us,” or “our” are used in this document, those terms refer to TETRA Technologies, Inc. and its consolidated subsidiaries. TETRA is a Delaware corporation incorporated in 1981. Our corporate headquarters are located at 10000 Energy Drive, Spring, Texas, 77389. Our phone number is 281-367-1983 and our website is www.onetetra.com. Our common stock is traded on the New York Stock Exchange (the “NYSE”) under the symbol “TTI.”
In its own words, from its 10-K, filed Feb 25, 2026.
Tetra Technologies against its Crude Petroleum & Natural Gas peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +10% against the peers' median +46%. Operating margin: 5.8% against the peers' median 19.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| TTI Tetra Technologies | Q3 2026 | $168M | +10% | 5.8% |
| EOG EOG Resources | Q3 2026 | $8.5B | +46% | 41.9% |
| OXY Occidental Petroleum | Q2 2026 | $8.1B | +53% | 48.5% |
| DVN Devon Energy | Q3 2026 | $6.9B | +58% | 18.3% |
| FANG Diamondback Energy | Q3 2026 | $5.4B | +38% | 46.0% |
| EXE Expand Energy | Q3 2026 | $3.3B | +11% | 19.5% |
| PARR PAR Pacific Holdings | Q3 2026 | $3.1B | +52% | 15.5% |
| OVV Ovintiv | Q3 2026 | $2.6B | +26% | 33.7% |
| SM SM Energy | Q3 2026 | $2.2B | +167% | 10.9% |
Source: Tetra Technologies 10-Q on SEC EDGAR · CIK 844965 · Crude Petroleum & Natural Gas
Guidance and outlook
13F: who owns TTI and who is buying
More on TTI
- How Tetra Technologies makes money: revenue by segment
- Tetra Technologies next earnings date and what analysts expect
- Tetra Technologies stock forecast, price target and fair value
- Who owns Tetra Technologies stock: holders, funds and Congress trades
- Tetra Technologies guidance and outlook
- Tetra Technologies recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Tetra Technologies gross margin by quarter
- Tetra Technologies operating margin by quarter
- Tetra Technologies net income by quarter
- Tetra Technologies free cash flow by quarter
- Tetra Technologies capital expenditures by quarter
- Tetra Technologies Product sales revenue by quarter
- Tetra Technologies Services revenue by quarter