Acuren Corporation (TIC) AI Stock Analysis

TIC Solutions, Inc., formerly known as Acuren Corporation, provides asset integrity services across North America. The company offers testing, inspection, certification, and compliance services, including nondestructive testing methods such as radiography, ultrasonic testing, magnetic particle inspection, penetrant testing, and visual inspection to prevent outages and meet regulatory requirements. It also delivers rope access technician solutions, including insulation, coatings, blasting, welding, pipe fitting, hoisting, and electrical services. In addition, the company provides consulting engineering support with failure investigation and materials analysis, alongside geospatial services featuring data collection, analytics, and software solutions for industrial clients across chemical, energy, aerospace, and manufacturing sectors.

Revenue expanded at a 3-year CAGR of 18.1%, rising from $928.3M in FY2022 to $1.05B in FY2023, $1.10B in FY2024, and $1.53B in FY2025, which represented 39.4% annual growth. Gross margin improved steadily from 21.9% in FY2022 to 29.4% in FY2025. Operating margin dropped to -4.3% in FY2024 before recovering to 0.6% in FY2025. Net income was -$87.1M in FY2025 following a loss of -$121.2M in FY2024. Over the trailing twelve months, revenue reached $2.05B, supported by quarterly revenue growth of 86.1% for the period ended May 31, 2026, though profit margin remained negative at -5.7% with diluted EPS of -$0.64.

As of May 31, 2026, the company held $362.4M in cash and short-term investments against $1.70B in total debt, resulting in net debt of $1.34B. Total assets stood at $4.29B against shareholders' equity of $2.10B, generating a debt-to-equity ratio of 0.81 and a current ratio of 2.91. For FY2025, operating cash flow was $95.0M and free cash flow reached $61.3M after capital expenditures of $33.8M. Cash was also bolstered by $250.5M raised from share issuance during FY2025.

At $8.65 per share, Acuren has a market capitalization of $1.89B and an enterprise value of $3.29B. The stock trades at a forward P/E of 48.8x and an EV/EBITDA of 16.4x, both above the median of its US-listed Industrials peers of 17.2x and 13.9x, respectively. Conversely, its price-to-sales multiple of 0.9x is lower than the peer median of 1.5x. Over the past year, the stock declined 29.6%, trailing the S&P 500 (SPY) gain of 16.8%.

Wall Street analyst coverage consists of 3 Strong Buy, 1 Buy, and 2 Hold ratings. The mean price target is $12.14, which sits 40.4% above the last close of $8.65. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $2.22B and EPS of $0.45. For the following fiscal year, 4 analysts estimate revenue of $2.33B and EPS of $0.57. Over the last 4 quarters, the company beat EPS estimates 1 time.

This page is an AI-written research summary of Acuren Corporation (TIC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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