TETRA Technologies (TTI) Financials

$2.32 +0.03 (+1.09%)

Closing price 04/15/2025 03:59 PM Eastern

Extended Trading

$2.35 +0.03 (+1.30%)

As of 04/15/2025 07:04 PM Eastern

Annual Income Statements for TETRA Technologies

This table shows TETRA Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	7.84	26	108
Consolidated Net Income / (Loss)	7.80	26	108
Net Income / (Loss) Continuing Operations	7.60	25	114
Total Pre-Tax Income	11	32	29
Total Operating Income	23	45	50
Total Gross Profit	153	154	176
Total Revenue	553	626	599
Operating Revenue	553	626	599
Total Cost of Revenue	400	438	423
Operating Cost of Revenue	400	438	423
Total Operating Expenses	130	143	126
Selling, General & Admin Expense	92	97	90
Exploration Expense	6.64	12	0.00
Depreciation Expense	33	34	36
Impairment Charge	2.80	2.97	0.11
Other Special Charges / (Income)	-3.75	-2.85	0.00
Total Other Income / (Expense), net	-11	-13	-21
Interest Expense	16	22	28
Other Income / (Expense), net	4.47	9.11	6.86
Income Tax Expense	3.57	6.22	-85
Net Income / (Loss) Discontinued Operations	0.20	0.28	-5.34
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.04	-0.03	-0.00
Basic Earnings per Share	$0.06	$0.20	$0.83
Weighted Average Basic Shares Outstanding	128.08M	129.57M	131.28M
Diluted Earnings per Share	$0.06	$0.20	$0.82
Weighted Average Diluted Shares Outstanding	129.78M	131.24M	132.23M
Weighted Average Basic & Diluted Shares Outstanding	128.66M	260.83M	132.39M

This table shows TETRA Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	0.28	-1.90	6.04	18	5.42	-3.89	0.92	7.64	-3.00	103
Consolidated Net Income / (Loss)	0.26	-1.90	6.03	18	5.42	-3.89	0.92	7.64	-3.00	103
Net Income / (Loss) Continuing Operations	-0.06	-1.83	6.05	18	5.47	-4.24	0.92	7.64	2.83	102
Total Pre-Tax Income	2.12	-1.16	7.53	21	6.72	-3.63	1.30	12	7.58	7.39
Total Operating Income	4.70	4.13	12	21	10	1.62	8.80	21	12	8.01
Total Gross Profit	29	53	36	49	38	30	31	43	43	58
Total Revenue	135	147	146	175	151	153	151	172	142	135
Operating Revenue	135	147	146	175	151	153	151	172	142	135
Total Cost of Revenue	97	107	104	117	105	112	111	120	98	94
Operating Cost of Revenue	97	107	104	117	105	112	111	120	98	94
Total Operating Expenses	33	36	30	38	36	39	31	31	31	32
Selling, General & Admin Expense	24	24	23	26	24	23	22	22	22	23
Depreciation Expense	8.63	8.76	8.67	8.46	8.58	8.62	8.76	8.77	8.84	9.35
Total Other Income / (Expense), net	-2.59	-5.29	-4.88	0.49	-3.60	-5.26	-7.51	-8.64	-4.38	-0.62
Interest Expense	4.00	4.90	5.09	5.94	5.64	5.68	11	6.19	5.10	5.23
Other Income / (Expense), net	1.41	-0.39	0.21	6.44	2.04	0.42	3.98	-2.45	0.72	4.62
Income Tax Expense	2.18	0.67	1.49	2.88	1.25	0.61	0.38	4.84	4.74	-95
Net Income / (Loss) Discontinued Operations	0.32	-0.08	-0.01	-0.01	-0.05	0.35	0.00	0.00	-5.83	0.49
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.02	-	-0.01	-0.02	0.00	-0.00	0.00	-0.00	0.00	-0.00
Basic Earnings per Share	$0.00	($0.01)	$0.05	$0.14	$0.04	($0.03)	$0.01	$0.06	($0.02)	$0.78
Weighted Average Basic Shares Outstanding	128.41M	128.08M	128.94M	129.46M	129.78M	129.57M	130.45M	131.26M	131.58M	131.28M
Diluted Earnings per Share	$0.00	($0.01)	$0.05	$0.14	$0.04	($0.03)	$0.01	$0.06	($0.02)	$0.77
Weighted Average Diluted Shares Outstanding	128.41M	129.78M	129.98M	129.93M	132.09M	131.24M	132.12M	132.17M	132.03M	132.23M
Weighted Average Basic & Diluted Shares Outstanding	128.62M	128.66M	129.40M	129.56M	130.08M	260.83M	131.14M	131.45M	131.81M	132.39M

This table details how cash moves in and out of TETRA Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-18	39	-15
Net Cash From Operating Activities	19	70	37
Net Cash From Continuing Operating Activities	19	70	37
Net Income / (Loss) Continuing Operations	7.80	26	108
Consolidated Net Income / (Loss)	7.80	26	108
Depreciation Expense	33	34	36
Amortization Expense	3.38	3.43	1.39
Non-Cash Adjustments To Reconcile Net Income	4.68	8.69	-92
Changes in Operating Assets and Liabilities, net	-30	-2.00	-17
Net Cash From Investing Activities	-37	-27	-59
Net Cash From Continuing Investing Activities	-37	-27	-59
Purchase of Property, Plant & Equipment	-40	-38	-61
Acquisitions	-0.92	0.00	0.00
Purchase of Investments	0.00	-0.35	-1.02
Sale of Property, Plant & Equipment	1.71	6.66	2.92
Sale and/or Maturity of Investments	0.00	3.90	0.00
Other Investing Activities, net	2.76	0.91	-0.28
Net Cash From Financing Activities	0.04	-4.66	8.87
Net Cash From Continuing Financing Activities	0.04	-4.66	8.87
Repayment of Debt	-12	-100	-172
Issuance of Debt	14	98	185
Other Financing Activities, net	-1.30	-1.70	-4.44
Effect of Exchange Rate Changes	-0.45	0.38	-1.61

This table details how cash moves in and out of TETRA Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-11	-12	3.09	11	6.15	19	-17	6.81	6.26	-12
Net Cash From Operating Activities	2.15	-6.99	8.99	28	14	19	-14	25	20	5.64
Net Cash From Continuing Operating Activities	2.15	-6.99	8.99	28	14	19	-14	25	20	5.64
Net Income / (Loss) Continuing Operations	0.26	-1.90	6.03	18	5.42	-3.89	0.92	7.64	-3.00	103
Consolidated Net Income / (Loss)	0.26	-1.90	6.03	18	5.42	-3.89	0.92	7.64	-3.00	103
Depreciation Expense	8.63	8.76	8.67	8.46	8.58	8.62	8.76	8.78	8.84	9.35
Amortization Expense	0.81	1.00	0.88	0.90	0.93	0.73	0.38	0.50	0.24	0.27
Non-Cash Adjustments To Reconcile Net Income	1.13	3.96	-1.36	1.35	0.33	8.37	3.67	1.53	1.89	-99
Changes in Operating Assets and Liabilities, net	-8.68	-19	-5.24	-0.53	-1.28	5.05	-28	6.38	12	-7.58
Net Cash From Investing Activities	-12	-8.22	-11	-11	-6.91	1.89	-16	-15	-13	-15
Net Cash From Continuing Investing Activities	-12	-8.22	-11	-11	-6.91	1.89	-16	-15	-13	-15
Purchase of Property, Plant & Equipment	-12	-7.38	-13	-10	-6.97	-7.91	-16	-15	-15	-15
Sale of Property, Plant & Equipment	0.30	0.22	0.29	0.21	0.16	6.00	0.25	0.12	2.28	0.26
Other Investing Activities, net	-0.39	-0.15	1.30	-0.28	-0.01	-0.10	-0.17	-0.02	-0.09	0.01
Net Cash From Financing Activities	0.00	2.81	5.14	-6.89	-0.14	-2.77	13	-2.37	-0.98	-1.13
Net Cash From Continuing Financing Activities	0.00	2.81	5.14	-6.89	-0.14	-2.77	13	-2.37	-0.98	-1.13
Repayment of Debt	-0.03	-9.19	-47	-51	-0.20	-2.06	-168	-2.12	-0.11	-0.79
Issuance of Debt	0.03	12	53	44	0.22	0.15	184	0.16	0.11	0.10
Other Financing Activities, net	-	-0.13	-0.26	-0.43	-0.15	-0.86	-2.62	-0.41	-0.98	-0.44
Effect of Exchange Rate Changes	-0.87	0.75	0.17	0.32	-0.77	0.66	-0.33	-0.36	0.77	-1.70

This table presents TETRA Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	434	479	605
Total Current Assets	238	282	270
Cash & Equivalents	14	52	37
Restricted Cash	-	0.00	0.22
Accounts Receivable	130	112	105
Inventories, net	72	97	102
Prepaid Expenses	23	21	26
Plant, Property, & Equipment, net	102	108	142
Plant, Property & Equipment, gross	427	416	463
Accumulated Depreciation	326	308	320
Total Noncurrent Assets	94	89	193
Long-Term Investments	14	17	28
Intangible Assets	33	29	25
Noncurrent Deferred & Refundable Income Taxes	-	0.91	98
Other Noncurrent Operating Assets	47	42	42
Total Liabilities & Shareholders' Equity	434	479	605
Total Liabilities	328	332	352
Total Current Liabilities	124	126	123
Accounts Payable	49	52	43
Accrued Expenses	26	27	30
Current Deferred & Payable Income Tax Liabilities	9.91	10	12
Current Employee Benefit Liabilities	31	27	23
Other Current Liabilities	7.80	9.10	8.86
Other Current Nonoperating Liabilities	0.92	0.00	5.83
Total Noncurrent Liabilities	204	206	229
Long-Term Debt	156	158	180
Asset Retirement Reserve & Litigation Obligation	14	14	15
Noncurrent Deferred & Payable Income Tax Liabilities	2.04	2.28	4.91
Other Noncurrent Operating Liabilities	32	32	29
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	106	147	253
Total Preferred & Common Equity	108	149	255
Total Common Equity	108	149	255
Common Stock	479	490	494
Retained Earnings	-302	-277	-168
Treasury Stock	-20	-20	-20
Accumulated Other Comprehensive Income / (Loss)	-49	-45	-51
Noncontrolling Interest	-1.23	-1.26	-1.26

This table presents TETRA Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	413	436	470	472	491	500	501
Total Current Assets	224	237	261	270	288	290	279
Cash & Equivalents	25	17	28	34	36	38	48
Restricted Cash	-	-	-	-	-	5.04	0.66
Accounts Receivable	106	118	130	123	132	141	110
Inventories, net	72	84	82	92	94	83	98
Prepaid Expenses	22	19	21	22	25	23	22
Plant, Property, & Equipment, net	95	105	109	106	113	122	129
Plant, Property & Equipment, gross	434	423	425	411	423	436	449
Accumulated Depreciation	339	318	315	305	310	315	320
Total Noncurrent Assets	94	94	100	96	90	89	93
Long-Term Investments	13	14	17	16	20	20	23
Intangible Assets	34	32	31	30	28	27	26
Other Noncurrent Operating Assets	47	48	52	49	42	41	45
Total Liabilities & Shareholders' Equity	413	436	470	472	491	500	501
Total Liabilities	312	319	333	331	345	346	346
Total Current Liabilities	112	111	126	127	118	120	119
Accounts Payable	46	49	54	50	47	53	48
Accrued Expenses	19	22	27	23	29	28	21
Current Deferred & Payable Income Tax Liabilities	8.33	8.96	11	11	13	14	14
Current Employee Benefit Liabilities	-	20	23	31	-	17	22
Other Current Liabilities	7.86	8.25	8.46	8.75	8.73	8.60	8.74
Other Current Nonoperating Liabilities	0.92	0.91	0.41	0.41	-	-	5.83
Total Noncurrent Liabilities	200	208	207	205	227	226	226
Long-Term Debt	154	161	156	157	179	180	180
Asset Retirement Reserve & Litigation Obligation	13	14	14	14	15	15	15
Noncurrent Deferred & Payable Income Tax Liabilities	1.28	2.06	2.00	1.89	2.18	2.28	3.46
Other Noncurrent Operating Liabilities	32	32	35	32	31	29	29
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	102	116	137	141	146	154	155
Total Preferred & Common Equity	103	117	138	142	147	155	157
Total Common Equity	103	117	138	142	147	155	157
Common Stock	478	481	483	484	490	492	492
Retained Earnings	-301	-296	-278	-273	-276	-268	-271
Treasury Stock	-20	-20	-20	-20	-20	-20	-20
Accumulated Other Comprehensive Income / (Loss)	-54	-48	-46	-49	-47	-49	-45
Noncontrolling Interest	-1.21	-1.23	-1.25	-1.26	-1.26	-1.26	-1.26

This table displays calculated financial ratios and metrics derived from TETRA Technologies' official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	42.48%	13.20%	-4.34%
EBITDA Growth	65.09%	45.28%	2.22%
EBIT Growth	1,530.37%	100.19%	4.98%
NOPAT Growth	238.59%	135.46%	445.97%
Net Income Growth	-92.48%	230.39%	320.39%
EPS Growth	-92.68%	233.33%	310.00%
Operating Cash Flow Growth	307.06%	270.34%	-47.98%
Free Cash Flow Firm Growth	-337.22%	423.13%	58.68%
Invested Capital Growth	12.81%	-0.38%	58.92%
Revenue Q/Q Growth	6.61%	0.91%	-3.01%
EBITDA Q/Q Growth	2.38%	-2.23%	13.07%
EBIT Q/Q Growth	1.85%	-3.03%	22.91%
NOPAT Q/Q Growth	9.23%	-6.73%	1,023.71%
Net Income Q/Q Growth	-8.52%	-7.17%	6,407.21%
EPS Q/Q Growth	0.00%	-9.09%	4,000.00%
Operating Cash Flow Q/Q Growth	-6.07%	58.34%	-26.61%
Free Cash Flow Firm Q/Q Growth	-340.46%	448.51%	3,645.85%
Invested Capital Q/Q Growth	8.21%	-5.99%	38.74%
Profitability Metrics	-	-	-
Gross Margin	27.65%	24.53%	29.32%
EBITDA Margin	11.42%	14.66%	15.67%
Operating Margin	4.07%	7.18%	8.33%
EBIT Margin	4.88%	8.63%	9.47%
Profit (Net Income) Margin	1.41%	4.11%	18.07%
Tax Burden Percent	69.82%	81.25%	376.73%
Interest Burden Percent	41.36%	58.65%	50.65%
Effective Tax Rate	31.93%	19.62%	-295.31%
Return on Invested Capital (ROIC)	6.89%	15.34%	64.82%
ROIC Less NNEP Spread (ROIC-NNEP)	0.61%	5.80%	-20.75%
Return on Net Nonoperating Assets (RNNOA)	0.71%	4.96%	-10.76%
Return on Equity (ROE)	7.61%	20.30%	54.05%
Cash Return on Invested Capital (CROIC)	-5.15%	15.72%	19.30%
Operating Return on Assets (OROA)	6.49%	11.84%	10.47%
Return on Assets (ROA)	1.87%	5.64%	19.98%
Return on Common Equity (ROCE)	7.70%	20.50%	54.39%
Return on Equity Simple (ROE_SIMPLE)	7.24%	17.33%	42.53%
Net Operating Profit after Tax (NOPAT)	15	36	197
NOPAT Margin	2.77%	5.77%	32.91%
Net Nonoperating Expense Percent (NNEP)	6.29%	9.54%	85.57%
Return On Investment Capital (ROIC_SIMPLE)	5.84%	11.85%	45.54%
Cost of Revenue to Revenue	72.35%	69.97%	70.68%
SG&A Expenses to Revenue	16.62%	15.42%	15.02%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.58%	22.86%	21.00%
Earnings before Interest and Taxes (EBIT)	27	54	57
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	63	92	94
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	4.14	3.96	1.85
Price to Tangible Book Value (P/TBV)	5.96	4.92	2.05
Price to Revenue (P/Rev)	0.80	0.94	0.79
Price to Earnings (P/E)	56.77	22.80	4.36
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	1.76%	4.39%	22.95%
Enterprise Value to Invested Capital (EV/IC)	2.43	2.87	1.57
Enterprise Value to Revenue (EV/Rev)	1.03	1.08	0.98
Enterprise Value to EBITDA (EV/EBITDA)	9.06	7.35	6.23
Enterprise Value to EBIT (EV/EBIT)	21.20	12.48	10.31
Enterprise Value to NOPAT (EV/NOPAT)	37.31	18.67	2.97
Enterprise Value to Operating Cash Flow (EV/OCF)	30.19	9.61	16.02
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	18.22	9.96
Leverage & Solvency	-	-	-
Debt to Equity	1.47	1.07	0.71
Long-Term Debt to Equity	1.47	1.07	0.71
Financial Leverage	1.17	0.86	0.52
Leverage Ratio	4.06	3.60	2.71
Compound Leverage Factor	1.68	2.11	1.37
Debt to Total Capital	59.52%	51.67%	41.50%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	59.52%	51.67%	41.50%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.47%	-0.41%	-0.29%
Common Equity to Total Capital	40.95%	48.74%	58.79%
Debt to EBITDA	2.48	1.72	1.91
Net Debt to EBITDA	2.03	0.95	1.22
Long-Term Debt to EBITDA	2.48	1.72	1.91
Debt to NOPAT	10.20	4.36	0.91
Net Debt to NOPAT	8.38	2.43	0.58
Long-Term Debt to NOPAT	10.20	4.36	0.91
Altman Z-Score	1.63	2.33	2.00
Noncontrolling Interest Sharing Ratio	-1.16%	-0.98%	-0.63%
Liquidity Ratios	-	-	-
Current Ratio	1.92	2.24	2.19
Quick Ratio	1.15	1.30	1.15
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-11	37	59
Operating Cash Flow to CapEx	49.43%	222.94%	63.22%
Free Cash Flow to Firm to Interest Expense	-0.72	1.66	2.10
Operating Cash Flow to Interest Expense	1.20	3.14	1.30
Operating Cash Flow Less CapEx to Interest Expense	-1.22	1.73	-0.76
Efficiency Ratios	-	-	-
Asset Turnover	1.33	1.37	1.11
Accounts Receivable Turnover	5.01	5.19	5.53
Inventory Turnover	5.67	5.20	4.27
Fixed Asset Turnover	5.81	5.98	4.80
Accounts Payable Turnover	9.19	8.64	8.88
Days Sales Outstanding (DSO)	72.85	70.36	65.98
Days Inventory Outstanding (DIO)	64.39	70.24	85.44
Days Payable Outstanding (DPO)	39.70	42.24	41.12
Cash Conversion Cycle (CCC)	97.54	98.36	110.31
Capital & Investment Metrics	-	-	-
Invested Capital	236	235	373
Invested Capital Turnover	2.49	2.66	1.97
Increase / (Decrease) in Invested Capital	27	-0.89	138
Enterprise Value (EV)	572	674	585
Market Capitalization	445	588	472
Book Value per Share	$0.84	$1.14	$1.93
Tangible Book Value per Share	$0.58	$0.92	$1.74
Total Capital	263	305	433
Total Debt	156	158	180
Total Long-Term Debt	156	158	180
Net Debt	129	88	114
Capital Expenditures (CapEx)	38	31	58
Debt-free, Cash-free Net Working Capital (DFCFNWC)	101	104	109
Debt-free Net Working Capital (DFNWC)	114	156	146
Net Working Capital (NWC)	114	156	146
Net Nonoperating Expense (NNE)	7.54	10	89
Net Nonoperating Obligations (NNO)	129	88	120
Total Depreciation and Amortization (D&A)	36	38	37
Debt-free, Cash-free Net Working Capital to Revenue	18.18%	16.54%	18.21%
Debt-free Net Working Capital to Revenue	20.64%	24.92%	24.42%
Net Working Capital to Revenue	20.64%	24.92%	24.42%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.06	$0.20	$0.83
Adjusted Weighted Average Basic Shares Outstanding	128.08M	129.57M	131.28M
Adjusted Diluted Earnings per Share	$0.06	$0.20	$0.82
Adjusted Weighted Average Diluted Shares Outstanding	129.78M	131.24M	132.23M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	128.66M	260.83M	132.39M
Normalized Net Operating Profit after Tax (NOPAT)	15	36	35
Normalized NOPAT Margin	2.66%	5.78%	5.84%
Pre Tax Income Margin	2.02%	5.06%	4.80%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	1.71	2.42	2.03
NOPAT to Interest Expense	0.97	1.62	7.04
EBIT Less CapEx to Interest Expense	-0.72	1.01	-0.04
NOPAT Less CapEx to Interest Expense	-1.45	0.21	4.98
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from TETRA Technologies' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	41.41%	30.31%	12.44%	24.69%	12.19%	3.85%	3.26%	-2.01%	-6.45%	-12.16%
EBITDA Growth	-4.96%	12.21%	7.06%	170.85%	40.53%	-15.54%	-1.19%	-23.19%	-0.49%	95.19%
EBIT Growth	-14.67%	15.13%	3.00%	452.64%	102.03%	-45.25%	1.24%	-30.94%	2.59%	517.01%
NOPAT Growth	94.17%	1,812.04%	16.83%	235.82%	6,091.30%	-60.68%	-37.54%	-27.29%	-46.76%	9,641.26%
Net Income Growth	-89.81%	-61.63%	-21.84%	954.90%	2,017.19%	-104.46%	-84.83%	-58.02%	-155.31%	2,738.66%
EPS Growth	-100.00%	0.00%	-16.67%	1,300.00%	0.00%	-200.00%	-80.00%	-57.14%	-150.00%	2,666.67%
Operating Cash Flow Growth	-23.86%	-21.22%	51.42%	58.78%	551.47%	369.99%	-253.77%	-12.48%	42.19%	-70.15%
Free Cash Flow Firm Growth	-102.54%	-248.95%	-2,614.78%	-1,666.04%	-40.50%	108.50%	37.18%	73.91%	37.51%	-1,465.34%
Invested Capital Growth	8.27%	12.81%	14.73%	19.74%	14.67%	-0.38%	8.05%	7.60%	7.68%	58.92%
Revenue Q/Q Growth	-4.05%	9.21%	-0.84%	20.01%	-13.68%	1.10%	-1.41%	13.89%	-17.59%	-5.08%
EBITDA Q/Q Growth	15.80%	-13.25%	64.38%	64.01%	-39.92%	-47.86%	92.32%	27.49%	-22.17%	2.28%
EBIT Q/Q Growth	25.03%	-38.88%	237.86%	114.03%	-54.29%	-83.44%	524.73%	46.02%	-32.10%	-0.38%
NOPAT Q/Q Growth	-102.65%	2,163.24%	244.48%	78.54%	-52.79%	-86.46%	447.20%	107.82%	-65.43%	2,377.56%
Net Income Q/Q Growth	-85.16%	-843.75%	416.86%	201.62%	-70.21%	-171.83%	123.50%	734.97%	-139.24%	3,526.38%
EPS Q/Q Growth	-100.00%	0.00%	600.00%	180.00%	-71.43%	-175.00%	133.33%	500.00%	-133.33%	3,950.00%
Operating Cash Flow Q/Q Growth	-88.00%	-425.92%	228.52%	215.77%	-50.75%	35.07%	-173.20%	279.73%	-19.98%	-71.64%
Free Cash Flow Firm Q/Q Growth	-1,213.84%	-42.41%	7.82%	-7.10%	0.07%	108.61%	-781.57%	55.52%	-139.36%	-88.17%
Invested Capital Q/Q Growth	4.01%	8.21%	5.62%	0.73%	-0.40%	-5.99%	14.56%	0.32%	-0.33%	38.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.83%	35.93%	24.84%	28.01%	25.04%	19.75%	20.60%	25.16%	30.56%	43.14%
EBITDA Margin	11.52%	9.15%	15.17%	20.73%	14.43%	7.44%	14.52%	16.25%	15.35%	16.54%
Operating Margin	3.48%	2.80%	8.49%	11.73%	6.81%	1.06%	5.83%	12.28%	8.44%	5.95%
EBIT Margin	4.53%	2.53%	8.64%	15.40%	8.16%	1.34%	8.47%	10.86%	8.94%	9.39%
Profit (Net Income) Margin	0.19%	-1.29%	4.13%	10.37%	3.58%	-2.54%	0.61%	4.44%	-2.12%	76.37%
Tax Burden Percent	12.10%	163.71%	80.08%	86.32%	80.70%	107.22%	70.66%	61.22%	-39.57%	1,389.65%
Interest Burden Percent	34.59%	-31.12%	59.67%	78.00%	54.37%	-177.47%	10.13%	66.86%	59.79%	58.56%
Effective Tax Rate	102.98%	0.00%	19.76%	13.64%	18.58%	0.00%	29.34%	38.78%	62.62%	-1,283.02%
Return on Invested Capital (ROIC)	-0.26%	4.88%	16.63%	26.58%	14.70%	1.97%	10.03%	18.11%	7.51%	162.13%
ROIC Less NNEP Spread (ROIC-NNEP)	0.11%	0.88%	13.41%	26.97%	12.06%	-2.66%	5.89%	13.52%	0.80%	154.42%
Return on Net Nonoperating Assets (RNNOA)	0.12%	1.03%	14.62%	24.23%	11.17%	-2.27%	5.75%	10.72%	0.60%	80.10%
Return on Equity (ROE)	-0.14%	5.91%	31.25%	50.82%	25.87%	-0.30%	15.78%	28.83%	8.11%	242.23%
Cash Return on Invested Capital (CROIC)	-1.24%	-5.15%	-7.21%	-4.23%	2.88%	15.72%	5.00%	2.00%	-0.64%	19.30%
Operating Return on Assets (OROA)	5.70%	3.37%	11.67%	20.99%	11.43%	1.83%	11.53%	14.05%	11.35%	10.37%
Return on Assets (ROA)	0.24%	-1.72%	5.58%	14.13%	5.01%	-3.49%	0.83%	5.75%	-2.68%	84.41%
Return on Common Equity (ROCE)	-0.14%	5.97%	31.59%	51.33%	26.14%	-0.30%	15.93%	29.08%	8.17%	243.75%
Return on Equity Simple (ROE_SIMPLE)	8.28%	0.00%	5.21%	16.33%	19.49%	0.00%	14.00%	6.51%	1.06%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.14	2.89	9.96	18	8.39	1.14	6.22	13	4.47	111
NOPAT Margin	-0.10%	1.96%	6.81%	10.13%	5.54%	0.74%	4.12%	7.52%	3.15%	82.33%
Net Nonoperating Expense Percent (NNEP)	-0.36%	4.00%	3.23%	-0.38%	2.64%	4.63%	4.14%	4.59%	6.71%	7.71%
Return On Investment Capital (ROIC_SIMPLE)	-	1.10%	-	-	-	0.37%	-	-	-	25.57%
Cost of Revenue to Revenue	71.78%	72.59%	71.18%	66.72%	69.30%	73.19%	73.60%	69.74%	69.44%	69.90%
SG&A Expenses to Revenue	17.65%	16.17%	15.86%	14.95%	15.74%	15.24%	14.77%	12.88%	15.81%	17.20%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	24.74%	24.61%	20.33%	21.54%	23.89%	25.75%	20.57%	17.98%	22.13%	24.15%
Earnings before Interest and Taxes (EBIT)	6.11	3.74	13	27	12	2.05	13	19	13	13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	16	13	22	36	22	11	22	28	22	22
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.47	4.14	2.90	3.16	5.80	3.96	3.91	2.93	2.60	1.85
Price to Tangible Book Value (P/TBV)	6.64	5.96	3.99	4.08	7.36	4.92	4.83	3.55	3.12	2.05
Price to Revenue (P/Rev)	0.89	0.80	0.60	0.72	1.33	0.94	0.91	0.72	0.66	0.79
Price to Earnings (P/E)	53.53	56.77	55.36	19.33	29.76	22.80	27.89	44.98	244.15	4.36
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.87%	1.76%	1.81%	5.17%	3.36%	4.39%	3.59%	2.22%	0.41%	22.95%
Enterprise Value to Invested Capital (EV/IC)	2.64	2.43	1.89	2.19	3.74	2.87	2.59	2.11	1.91	1.57
Enterprise Value to Revenue (EV/Rev)	1.11	1.03	0.83	0.91	1.50	1.08	1.11	0.91	0.83	0.98
Enterprise Value to EBITDA (EV/EBITDA)	9.31	9.06	7.30	6.27	9.94	7.35	7.63	6.85	6.19	6.23
Enterprise Value to EBIT (EV/EBIT)	21.67	21.20	17.24	11.10	16.75	12.48	12.88	12.41	11.14	10.31
Enterprise Value to NOPAT (EV/NOPAT)	40.91	37.31	31.05	17.37	24.11	18.67	21.13	23.42	29.30	2.97
Enterprise Value to Operating Cash Flow (EV/OCF)	28.47	30.19	21.44	16.91	21.06	9.61	14.73	12.97	10.33	16.02
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	138.38	18.22	53.82	109.29	0.00	9.96
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.51	1.47	1.40	1.15	1.12	1.07	1.23	1.17	1.16	0.71
Long-Term Debt to Equity	1.51	1.47	1.38	1.14	1.11	1.07	1.23	1.17	1.16	0.71
Financial Leverage	1.08	1.17	1.09	0.90	0.93	0.86	0.98	0.79	0.75	0.52
Leverage Ratio	4.09	4.06	3.78	3.65	3.65	3.60	3.53	3.34	3.28	2.71
Compound Leverage Factor	1.41	-1.26	2.25	2.85	1.98	-6.39	0.36	2.23	1.96	1.58
Debt to Total Capital	60.20%	59.52%	58.34%	53.53%	52.92%	51.67%	55.11%	53.91%	53.63%	41.50%
Short-Term Debt to Total Capital	0.01%	0.00%	0.78%	0.64%	0.64%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	60.19%	59.52%	57.57%	52.89%	52.28%	51.67%	55.11%	53.91%	53.63%	41.50%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.47%	-0.47%	-0.44%	-0.43%	-0.42%	-0.41%	-0.39%	-0.38%	-0.38%	-0.29%
Common Equity to Total Capital	40.28%	40.95%	42.10%	46.89%	47.50%	48.74%	45.28%	46.46%	46.75%	58.79%
Debt to EBITDA	2.49	2.48	2.52	1.80	1.69	1.72	1.96	2.16	2.17	1.91
Net Debt to EBITDA	1.87	2.03	2.04	1.30	1.15	0.95	1.34	1.40	1.30	1.22
Long-Term Debt to EBITDA	2.49	2.48	2.48	1.78	1.67	1.72	1.96	2.16	2.17	1.91
Debt to NOPAT	10.96	10.20	10.71	4.99	4.10	4.36	5.43	7.40	10.24	0.91
Net Debt to NOPAT	8.21	8.38	8.69	3.59	2.80	2.43	3.73	4.80	6.15	0.58
Long-Term Debt to NOPAT	10.96	10.20	10.56	4.93	4.05	4.36	5.43	7.40	10.24	0.91
Altman Z-Score	1.50	1.46	1.44	1.78	2.45	1.97	2.00	1.82	1.65	1.76
Noncontrolling Interest Sharing Ratio	-1.15%	-1.16%	-1.07%	-1.00%	-1.02%	-0.98%	-0.95%	-0.87%	-0.85%	-0.63%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.01	1.92	2.12	2.07	2.14	2.24	2.44	2.41	2.33	2.19
Quick Ratio	1.17	1.15	1.20	1.26	1.24	1.30	1.43	1.48	1.33	1.15
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-17	-24	-22	-24	-24	2.03	-14	-6.16	-15	-28
Operating Cash Flow to CapEx	17.92%	-97.63%	71.91%	275.94%	205.35%	988.74%	-88.70%	162.60%	161.69%	38.52%
Free Cash Flow to Firm to Interest Expense	-4.20	-4.88	-4.33	-3.97	-4.18	0.36	-1.21	-1.00	-2.89	-5.30
Operating Cash Flow to Interest Expense	0.54	-1.43	1.76	4.77	2.48	3.32	-1.20	4.01	3.90	1.08
Operating Cash Flow Less CapEx to Interest Expense	-2.46	-2.89	-0.69	3.04	1.27	2.99	-2.56	1.55	1.49	-1.72
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.26	1.33	1.35	1.36	1.40	1.37	1.36	1.29	1.27	1.11
Accounts Receivable Turnover	5.62	5.01	5.15	5.15	5.43	5.19	5.05	4.63	5.30	5.53
Inventory Turnover	5.27	5.67	5.53	5.89	5.29	5.20	5.00	5.44	4.65	4.27
Fixed Asset Turnover	5.69	5.81	5.85	5.92	6.17	5.98	5.77	5.43	5.25	4.80
Accounts Payable Turnover	8.67	9.19	9.21	8.62	8.98	8.64	9.20	8.40	8.94	8.88
Days Sales Outstanding (DSO)	64.98	72.85	70.86	70.82	67.21	70.36	72.31	78.87	68.82	65.98
Days Inventory Outstanding (DIO)	69.26	64.39	66.04	62.01	68.97	70.24	73.06	67.05	78.47	85.44
Days Payable Outstanding (DPO)	42.10	39.70	39.63	42.36	40.65	42.24	39.69	43.48	40.82	41.12
Cash Conversion Cycle (CCC)	92.15	97.54	97.27	90.47	95.53	98.36	105.68	102.44	106.47	110.31
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	218	236	249	251	250	235	269	270	269	373
Invested Capital Turnover	2.47	2.49	2.44	2.62	2.65	2.66	2.43	2.41	2.38	1.97
Increase / (Decrease) in Invested Capital	17	27	32	41	32	-0.89	20	19	19	138
Enterprise Value (EV)	575	572	472	550	934	674	698	569	514	585
Market Capitalization	460	445	341	437	827	588	576	454	407	472
Book Value per Share	$0.80	$0.84	$0.91	$1.07	$1.10	$1.14	$1.13	$1.18	$1.19	$1.93
Tangible Book Value per Share	$0.54	$0.58	$0.66	$0.83	$0.87	$0.92	$0.91	$0.97	$0.99	$1.74
Total Capital	256	263	279	295	300	305	326	333	335	433
Total Debt	154	156	163	158	159	158	179	180	180	180
Total Long-Term Debt	154	156	161	156	157	158	179	180	180	180
Net Debt	115	129	132	114	108	88	123	116	108	114
Capital Expenditures (CapEx)	12	7.16	12	10	6.81	1.91	16	15	12	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	88	101	111	109	112	104	134	127	110	109
Debt-free Net Working Capital (DFNWC)	113	114	128	137	146	156	170	169	159	146
Net Working Capital (NWC)	113	114	125	135	144	156	170	169	159	146
Net Nonoperating Expense (NNE)	-0.40	4.80	3.93	-0.42	2.97	5.03	5.31	5.29	7.47	8.02
Net Nonoperating Obligations (NNO)	116	129	133	114	109	88	123	116	114	120
Total Depreciation and Amortization (D&A)	9.44	9.76	9.55	9.35	9.50	9.35	9.14	9.28	9.08	9.62
Debt-free, Cash-free Net Working Capital to Revenue	16.87%	18.18%	19.47%	18.10%	18.04%	16.54%	21.19%	20.16%	17.82%	18.21%
Debt-free Net Working Capital to Revenue	21.74%	20.64%	22.40%	22.68%	23.49%	24.92%	26.88%	26.98%	25.76%	24.42%
Net Working Capital to Revenue	21.74%	20.64%	22.02%	22.37%	23.19%	24.92%	26.88%	26.98%	25.76%	24.42%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.01)	$0.05	$0.14	$0.04	($0.03)	$0.01	$0.06	($0.02)	$0.78
Adjusted Weighted Average Basic Shares Outstanding	128.41M	128.08M	128.94M	129.46M	129.78M	129.57M	130.45M	131.26M	131.58M	131.28M
Adjusted Diluted Earnings per Share	$0.00	($0.01)	$0.05	$0.14	$0.04	($0.03)	$0.01	$0.06	($0.02)	$0.77
Adjusted Weighted Average Diluted Shares Outstanding	128.41M	129.78M	129.98M	129.93M	132.09M	131.24M	132.12M	132.17M	132.03M	132.23M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	128.62M	128.66M	129.40M	129.56M	130.08M	260.83M	131.14M	131.45M	131.81M	132.39M
Normalized Net Operating Profit after Tax (NOPAT)	3.29	2.89	7.67	18	8.39	1.14	6.22	13	8.45	5.60
Normalized NOPAT Margin	2.44%	1.96%	5.25%	10.52%	5.54%	0.74%	4.12%	7.52%	5.96%	4.17%
Pre Tax Income Margin	1.57%	-0.79%	5.15%	12.01%	4.43%	-2.37%	0.86%	7.26%	5.35%	5.50%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.53	0.76	2.48	4.55	2.19	0.36	1.11	3.02	2.49	2.41
NOPAT to Interest Expense	-0.04	0.59	1.96	2.99	1.49	0.20	0.54	2.09	0.88	21.17
EBIT Less CapEx to Interest Expense	-1.46	-0.70	0.03	2.82	0.98	0.02	-0.24	0.55	0.08	-0.38
NOPAT Less CapEx to Interest Expense	-3.03	-0.87	-0.50	1.26	0.28	-0.14	-0.81	-0.38	-1.53	18.37
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About TETRA Technologies' Financials

When does TETRA Technologies's fiscal year end?

According to the most recent income statement we have on file, TETRA Technologies' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has TETRA Technologies' net income changed over the last 2 years?

TETRA Technologies' net income appears to be on an upward trend, with a most recent value of $108.28 million in 2024, rising from $7.80 million in 2022. The previous period was $25.76 million in 2023.

What is TETRA Technologies's operating income?

TETRA Technologies's total operating income in 2024 was $49.88 million, based on the following breakdown:

Total Gross Profit: $175.68 million
Total Operating Expenses: $125.80 million

How has TETRA Technologies revenue changed over the last 2 years?

Over the last 2 years, TETRA Technologies' total revenue changed from $553.21 million in 2022 to $599.11 million in 2024, a change of 8.3%.

How much debt does TETRA Technologies have?

TETRA Technologies' total liabilities were at $351.89 million at the end of 2024, a 6.1% increase from 2023, and a 7.3% increase since 2022.

How much cash does TETRA Technologies have?

In the past 2 years, TETRA Technologies' cash and equivalents has ranged from $13.59 million in 2022 to $52.49 million in 2023, and is currently $36.99 million as of their latest financial filing in 2024.

How has TETRA Technologies' book value per share changed over the last 2 years?

Over the last 2 years, TETRA Technologies' book value per share changed from 0.84 in 2022 to 1.93 in 2024, a change of 130.8%.

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This page (NYSE:TTI) was last updated on 4/16/2025 by MarketBeat.com Staff

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TETRA Technologies (TTI) Financials

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