TETRA Technologies, Inc. (TTI) Key Metrics
TTI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $787.7M
- Enterprise value
- $953.2M
- P/E (TTM)
- 106.4 10-yr median 40.1
- Forward P/E
- 12.7
- PEG ratio
- 1.82
- Price / sales
- 1.2 10-yr median 0.7
- Price / book
- 2.2 10-yr median 3.6
- EV / EBITDA
- 11.6 10-yr median 9.5
- Dividend yield
- —
- Beta
- 1.26
TTI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTTI valuation Price multiples at each fiscal year-end price.
TTI returns How much profit the business earns on the capital it uses.
TTI per-share figures Results divided by the shares outstanding at year-end.
TTI financial health Debt, liquidity and how easily interest is covered.
TTI efficiency & capital use Working capital cycle and where the cash goes.
TTI valuation history
TTI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TTI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TTI cash returned to shareholders
TTI price vs earnings per share
TTI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.27B | $473.4M | $593.2M | $449.0M | $359.5M | $108.2M | $246.2M | $208.5M | $488.9M | $438.2M |
| Enterprise value | $1.48B | $657.6M | $737.5M | $629.6M | $519.5M | $287.2M | $484.7M | $999.8M | $1.20B | $1.03B |
| P/E ratio | 421.4 | 4.4 | 23.0 | 57.3 | — | — | — | — | — | — |
| Price / sales | 2.0 | 0.8 | 0.9 | 0.8 | 0.9 | 0.3 | 0.4 | 0.2 | 0.7 | 0.6 |
| Price / book | 4.5 | 1.9 | 4.0 | 4.2 | 3.6 | — | 7.2 | 0.7 | 1.4 | 1.1 |
| Price / free cash flow | 64.8 | — | 18.5 | — | — | 2.3 | — | — | 38.6 | 13.3 |
| Price / operating cash flow | 12.6 | 13.0 | 8.4 | 23.7 | 77.2 | 1.4 | 2.7 | 4.5 | 7.6 | 8.1 |
| EV / sales | 2.4 | 1.1 | 1.2 | 1.1 | 1.3 | 0.8 | 0.9 | 1.0 | 1.7 | 1.5 |
| EV / EBITDA | 18.3 | 7.6 | 8.3 | 10.5 | 14.8 | 9.0 | — | 6.6 | 10.1 | — |
| EV / free cash flow | 76.0 | — | 23.0 | — | — | 6.0 | — | — | 94.4 | 31.4 |
| Earnings yield | 0.2% | 22.9% | 4.3% | 1.7% | −4.7% | −47.3% | −56.8% | −13.2% | −8.0% | −36.8% |
| Free cash flow yield | 1.5% | −5.1% | 5.4% | −4.7% | −4.4% | 43.9% | −7.3% | −45.7% | 2.6% | 7.5% |
| Dividend yield | — | — | — | — | 0.1% | 1.1% | 0.5% | 9.2% | 3.9% | 6.6% |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.6% | — | 0.0% | 0.1% | 1.6% | 11.9% | 9.6% | 4.0% | 6.6% |
| Share price at fiscal year-end | $9.37 | $3.58 | $4.52 | $3.46 | $2.84 | $0.86 | $1.96 | $1.68 | $4.27 | $5.02 |
| Per share | ||||||||||
| Revenue per share | $4.67 | $4.53 | $4.77 | $4.26 | $3.07 | $3.00 | $4.47 | $8.05 | $6.32 | $7.96 |
| Earnings per share | $0.02 | $0.82 | $0.20 | $0.06 | −$0.13 | −$0.41 | −$1.11 | −$0.22 | −$0.34 | −$1.85 |
| Operating cash flow per share | $0.74 | $0.28 | $0.53 | $0.15 | $0.04 | $0.61 | $0.72 | $0.38 | $0.56 | $0.62 |
| Free cash flow per share | $0.14 | −$0.18 | $0.24 | −$0.16 | −$0.13 | $0.38 | −$0.14 | −$0.77 | $0.11 | $0.38 |
| Cash per share | $0.33 | $0.28 | $0.40 | $0.10 | $0.25 | $0.53 | $0.12 | $0.32 | $0.23 | $0.34 |
| Book value per share | $2.10 | $1.93 | $1.13 | $0.83 | $0.79 | −$0.08 | $0.27 | $2.52 | $3.08 | $4.59 |
| Tangible book value per share | $1.94 | $1.74 | $0.91 | $0.58 | $0.50 | −$0.41 | −$0.09 | $1.65 | $2.60 | $3.74 |
| Dividends per share | — | — | — | — | $0.00 | $0.01 | $0.01 | $0.15 | $0.16 | $0.33 |
| Capex per share | $0.60 | $0.46 | $0.29 | $0.31 | $0.16 | $0.23 | $0.86 | $1.14 | $0.45 | $0.24 |
| Debt per share | $1.95 | $1.67 | $1.50 | $1.50 | $1.51 | $1.96 | $2.02 | $6.70 | $6.40 | $7.15 |
| Shares outstanding | 135.2M | 132.2M | 131.2M | 129.8M | 126.6M | 125.8M | 125.6M | 124.1M | 114.5M | 87.3M |
| Change in shares outstanding | +2.2% | +0.8% | +1.1% | +2.5% | +0.6% | +0.2% | +1.2% | +8.4% | +31.2% | +10.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 1.1% | 53.7% | 20.1% | 7.6% | −37.3% | — | −80.6% | −8.3% | −10.4% | −35.3% |
| Return on invested capital (ROIC) | 6.3% | 13.7% | 12.6% | 5.7% | −4.9% | −3.1% | 0.7% | 2.5% | 0.4% | −3.1% |
| Return on assets (ROA) | 0.4% | 17.8% | 5.4% | 1.8% | −2.2% | −4.3% | −10.5% | −2.0% | −3.0% | −10.9% |
| Return on tangible assets | 0.4% | 15.6% | 5.5% | 1.8% | −4.7% | −4.7% | −11.4% | −2.2% | −3.1% | −13.0% |
| Free cash flow margin | 3.1% | −4.0% | 5.1% | −3.8% | −4.1% | 12.6% | −3.2% | −9.5% | 1.8% | 4.7% |
| Income quality (OCF / net income) | 33.40 | 0.34 | 2.72 | 2.42 | — | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $263.1M | $221.4M | $196.8M | $194.2M | $191.5M | $246.3M | $253.9M | $831.3M | $733.2M | $623.8M |
| Cash & short-term investments | $45.0M | $37.2M | $52.5M | $13.6M | $31.6M | $67.3M | $15.4M | $40.0M | $26.1M | $29.8M |
| Net debt | $218.1M | $184.2M | $144.3M | $180.6M | $159.9M | $178.9M | $238.5M | $791.3M | $707.1M | $593.9M |
| Debt / equity | 0.93 | 0.87 | 1.32 | 1.80 | 1.92 | — | 7.39 | 2.66 | 2.08 | 1.56 |
| Debt / assets | 0.34 | 0.31 | 0.39 | 0.42 | 0.48 | 0.22 | 0.20 | 0.60 | 0.56 | 0.47 |
| Net debt / EBITDA | 2.70 | 2.12 | 1.63 | 3.02 | 4.55 | 5.58 | — | 5.26 | 5.99 | — |
| Current ratio | 2.02 | 2.19 | 2.24 | 1.92 | 2.17 | 1.17 | 1.86 | 2.00 | 1.96 | 2.36 |
| Quick ratio | 1.28 | 1.36 | 1.47 | 1.34 | 1.45 | 1.07 | 1.44 | 1.28 | 1.26 | 1.45 |
| Interest coverage | 3.4 | 2.2 | 2.0 | 1.4 | -0.8 | -0.5 | 0.3 | 0.5 | 0.1 | -0.8 |
| Working capital | $160.2M | $146.3M | $156.1M | $114.2M | $113.2M | $133.5M | $162.6M | $200.3M | $165.6M | $158.9M |
| Invested capital | $501.9M | $438.8M | $292.9M | $288.2M | $259.6M | $169.3M | $272.8M | $1.10B | $1.06B | $994.4M |
| Tangible asset value | $261.0M | $228.4M | $118.2M | $73.4M | $61.6M | $29.6M | $116.6M | $204.7M | $298.2M | $326.1M |
| Net current asset value | −$186.0M | −$195.6M | −$70.2M | −$112.7M | −$89.3M | −$130.2M | −$757.7M | −$672.1M | −$617.7M | −$639.3M |
| Graham number | $1.02 | $5.96 | $2.24 | $1.06 | — | — | — | — | — | — |
| Graham net-net per share | −$2.93 | −$2.26 | −$1.28 | −$1.57 | −$1.30 | −$7.22 | −$7.72 | −$6.56 | −$6.46 | −$8.55 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | $312,000 | $1.2M | $1.2M | $19.2M | $18.8M | $29.0M |
| Share buybacks (net) | $0 | $3.0M | — | $0 | $0 | $449,000 | $28.0M | $768,000 | $803,000 | $0 |
| Dividends + buybacks / free cash flow | 0.0% | — | — | — | — | 3.6% | — | — | 154.9% | 88.0% |
| Capex / revenue | 12.8% | 10.1% | 6.1% | 7.2% | 5.3% | 7.8% | 19.3% | 14.2% | 7.2% | 3.0% |
| Capex / operating cash flow | 80.5% | 166.2% | 54.3% | 211.3% | 440.9% | 38.2% | 120.0% | 304.7% | 80.4% | 39.0% |
| Capex / depreciation | 2.18 | 1.70 | 1.11 | 1.22 | 0.61 | 0.25 | 0.87 | 1.23 | 0.50 | 0.16 |
| Stock-based compensation / revenue | 1.1% | 1.1% | 1.7% | 1.2% | 1.2% | 1.8% | 1.4% | 0.7% | 1.1% | 2.0% |
| SG&A / revenue | 15.9% | 15.0% | 15.5% | 16.6% | 19.3% | 20.3% | 17.2% | 13.3% | 16.0% | 16.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 32.0 | 66.0 | 70.4 | 72.9 | 73.0 | 84.7 | 99.6 | 67.3 | 72.5 | 77.9 |
| Days of inventory on hand | 84.3 | 78.8 | 63.5 | 58.6 | 81.0 | 92.6 | 89.2 | 57.8 | 68.7 | 65.3 |
| Days payables outstanding | 37.8 | 37.9 | 38.2 | 36.1 | 33.6 | 37.5 | 48.3 | 36.2 | 39.6 | 31.5 |
| Cash conversion cycle (days) | 78.4 | 106.9 | 95.7 | 95.3 | 120.3 | 139.8 | 140.5 | 88.8 | 101.5 | 111.6 |
| Receivables turnover | 11.41 | 5.53 | 5.19 | 5.01 | 5.00 | 4.31 | 3.66 | 5.43 | 5.03 | 4.68 |
| Payables turnover | 9.65 | 9.63 | 9.56 | 10.10 | 10.86 | 9.73 | 7.56 | 10.09 | 9.21 | 11.58 |
| Inventory turnover | 4.33 | 4.63 | 5.75 | 6.23 | 4.51 | 3.94 | 4.09 | 6.32 | 5.31 | 5.59 |
| Asset turnover | 0.84 | 0.98 | 1.31 | 1.29 | 0.51 | 0.31 | 0.42 | 0.74 | 0.55 | 0.47 |
| Average receivables | $55.3M | $108.3M | $120.7M | $110.4M | $77.6M | $87.6M | $153.2M | $184.1M | $143.6M | $148.3M |
| Average payables | $48.8M | $47.7M | $50.7M | $43.5M | $30.3M | $31.8M | $60.7M | $82.6M | $65.4M | $54.0M |
| Average inventory | $108.7M | $99.1M | $84.3M | $70.6M | $72.9M | $78.6M | $112.0M | $131.8M | $113.3M | $111.8M |
| Intangibles / total assets | 2.7% | 3.5% | 5.8% | 7.2% | 9.3% | 3.7% | 3.6% | 7.8% | 4.2% | 5.7% |
Computed from TTI's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
TTI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), TETRA Technologies traded at 421.4 times earnings, against a 10-year median of 40.1. Based on the latest twelve months, the trailing P/E is 106.4 and the forward P/E is 12.7. TETRA Technologies earned a return on equity of 1.1% and a return on invested capital of 6.3% in fiscal 2025. It ended the year with $263.1 million of debt and $45.0 million in cash and short-term investments, net debt of $218.1 million. The share count rose 54.8% from 87.3M to 135.2M over 9 years.
See the TTI income statement, the TTI chart for price history, or the TTI stock overview for the latest quote and news.
TTI key metrics FAQ
What is TETRA Technologies's P/E ratio?
TETRA Technologies's trailing P/E ratio is 106.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 12.7. At the end of fiscal 2025 it was 421.4, compared with a 10-year median of 40.1.
What is TETRA Technologies's EV/EBITDA?
TETRA Technologies's enterprise value was 18.3 times EBITDA at the end of fiscal 2025 (enterprise value $1.5 billion, EBITDA $80.9 million); the current EV/EBITDA is 11.6.
What is TETRA Technologies's return on equity?
TETRA Technologies's return on equity (ROE) was 1.1% in fiscal 2025: net income of $3.0 million on average shareholders' equity of $269.2 million.
What is TETRA Technologies's ROIC?
TETRA Technologies's return on invested capital was 6.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does TETRA Technologies have?
TETRA Technologies had total debt of $263.1 million at the end of fiscal 2025, a debt-to-equity ratio of 0.93 and $218.1 million of net debt (2.70 times EBITDA).
What is TETRA Technologies's free cash flow yield?
TETRA Technologies generated $19.5 million of free cash flow in fiscal 2025, a free cash flow yield of 1.5% on its market value at year-end ($1.3 billion).
What is TETRA Technologies's current ratio?
TETRA Technologies's current ratio was 2.02 at the end of fiscal 2025: current assets were 2.02 times current liabilities.