TETRA Technologies (TTI) Financials

$2.85 -0.08 (-2.73%)

As of 05/20/2025 03:59 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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	108	26	7.84
Consolidated Net Income / (Loss)	108	26	7.80
Net Income / (Loss) Continuing Operations	114	25	7.60
Total Pre-Tax Income	29	32	11
Total Operating Income	50	45	23
Total Gross Profit	176	154	153
Total Revenue	599	626	553
Operating Revenue	599	626	553
Total Cost of Revenue	423	438	400
Operating Cost of Revenue	423	438	400
Total Operating Expenses	126	143	130
Selling, General & Admin Expense	90	97	92
Exploration Expense	0.00	12	6.64
Depreciation Expense	36	34	33
Impairment Charge	0.11	2.97	2.80
Other Special Charges / (Income)	0.00	-2.85	-3.75
Total Other Income / (Expense), net	-21	-13	-11
Interest Expense	28	22	16
Other Income / (Expense), net	6.86	9.11	4.47
Income Tax Expense	-85	6.22	3.57
Net Income / (Loss) Discontinued Operations	-5.34	0.28	0.20
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.00	-0.03	-0.04
Basic Earnings per Share	$0.83	$0.20	$0.06
Weighted Average Basic Shares Outstanding	131.28M	129.57M	128.08M
Diluted Earnings per Share	$0.82	$0.20	$0.06
Weighted Average Diluted Shares Outstanding	132.23M	131.24M	129.78M
Weighted Average Basic & Diluted Shares Outstanding	132.39M	260.83M	128.66M

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	4.05	103	-3.00	7.64	0.92	-3.89	5.42	18	6.04	-1.90	0.28
Consolidated Net Income / (Loss)	4.05	103	-3.00	7.64	0.92	-3.89	5.42	18	6.03	-1.90	0.26
Net Income / (Loss) Continuing Operations	4.05	102	2.83	7.64	0.92	-4.24	5.47	18	6.05	-1.83	-0.06
Total Pre-Tax Income	5.09	7.39	7.58	12	1.30	-3.63	6.72	21	7.53	-1.16	2.12
Total Operating Income	19	8.01	12	21	8.80	1.62	10	21	12	4.13	4.70
Total Gross Profit	43	58	43	43	31	30	38	49	36	53	29
Total Revenue	157	135	142	172	151	153	151	175	146	147	135
Operating Revenue	157	135	142	172	151	153	151	175	146	147	135
Total Cost of Revenue	105	94	98	120	111	112	105	117	104	107	97
Operating Cost of Revenue	105	94	98	120	111	112	105	117	104	107	97
Total Operating Expenses	34	32	31	31	31	39	36	38	30	36	33
Selling, General & Admin Expense	24	23	22	22	22	23	24	26	23	24	24
Depreciation Expense	9.15	9.35	8.84	8.77	8.76	8.62	8.58	8.46	8.67	8.76	8.63
Impairment Charge	0.52	-	0.11	0.00	-	-	0.00	0.78	-	-	0.00
Total Other Income / (Expense), net	-14	-0.62	-4.38	-8.64	-7.51	-5.26	-3.60	0.49	-4.88	-5.29	-2.59
Interest Expense	4.72	5.23	5.10	6.19	11	5.68	5.64	5.94	5.09	4.90	4.00
Other Income / (Expense), net	-8.96	4.62	0.72	-2.45	3.98	0.42	2.04	6.44	0.21	-0.39	1.41
Income Tax Expense	1.04	-95	4.74	4.84	0.38	0.61	1.25	2.88	1.49	0.67	2.18
Basic Earnings per Share	$0.03	$0.78	($0.02)	$0.06	$0.01	($0.03)	$0.04	$0.14	$0.05	($0.01)	$0.00
Weighted Average Basic Shares Outstanding	132.35M	131.28M	131.58M	131.26M	130.45M	129.57M	129.78M	129.46M	128.94M	128.08M	128.41M
Diluted Earnings per Share	$0.03	$0.77	($0.02)	$0.06	$0.01	($0.03)	$0.04	$0.14	$0.05	($0.01)	$0.00
Weighted Average Diluted Shares Outstanding	133.76M	132.23M	132.03M	132.17M	132.12M	131.24M	132.09M	129.93M	129.98M	129.78M	128.41M
Weighted Average Basic & Diluted Shares Outstanding	133.07M	132.39M	131.81M	131.45M	131.14M	260.83M	130.08M	129.56M	129.40M	128.66M	128.62M

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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-15	39	-18
Net Cash From Operating Activities	37	70	19
Net Cash From Continuing Operating Activities	37	70	19
Net Income / (Loss) Continuing Operations	108	26	7.80
Consolidated Net Income / (Loss)	108	26	7.80
Depreciation Expense	36	34	33
Amortization Expense	1.39	3.43	3.38
Non-Cash Adjustments To Reconcile Net Income	-92	8.69	4.68
Changes in Operating Assets and Liabilities, net	-17	-2.00	-30
Net Cash From Investing Activities	-59	-27	-37
Net Cash From Continuing Investing Activities	-59	-27	-37
Purchase of Property, Plant & Equipment	-61	-38	-40
Acquisitions	0.00	0.00	-0.92
Purchase of Investments	-1.02	-0.35	0.00
Sale of Property, Plant & Equipment	2.92	6.66	1.71
Sale and/or Maturity of Investments	0.00	3.90	0.00
Other Investing Activities, net	-0.28	0.91	2.76
Net Cash From Financing Activities	8.87	-4.66	0.04
Net Cash From Continuing Financing Activities	8.87	-4.66	0.04
Repayment of Debt	-172	-100	-12
Issuance of Debt	185	98	14
Other Financing Activities, net	-4.44	-1.70	-1.30
Effect of Exchange Rate Changes	-1.61	0.38	-0.45

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	3.84	-12	6.26	6.81	-17	19	6.15	11	3.09	-12	-11
Net Cash From Operating Activities	3.94	5.64	20	25	-14	19	14	28	8.99	-6.99	2.15
Net Cash From Continuing Operating Activities	3.94	5.64	20	25	-14	19	14	28	8.99	-6.99	2.15
Net Income / (Loss) Continuing Operations	4.05	103	-3.00	7.64	0.92	-3.89	5.42	18	6.03	-1.90	0.26
Consolidated Net Income / (Loss)	4.05	103	-3.00	7.64	0.92	-3.89	5.42	18	6.03	-1.90	0.26
Depreciation Expense	9.15	9.35	8.84	8.78	8.76	8.62	8.58	8.46	8.67	8.76	8.63
Amortization Expense	0.50	0.27	0.24	0.50	0.38	0.73	0.93	0.90	0.88	1.00	0.81
Non-Cash Adjustments To Reconcile Net Income	11	-99	1.89	1.53	3.67	8.37	0.33	1.35	-1.36	3.96	1.13
Changes in Operating Assets and Liabilities, net	-21	-7.58	12	6.38	-28	5.05	-1.28	-0.53	-5.24	-19	-8.68
Net Cash From Investing Activities	1.35	-15	-13	-15	-16	1.89	-6.91	-11	-11	-8.22	-12
Net Cash From Continuing Investing Activities	1.35	-15	-13	-15	-16	1.89	-6.91	-11	-11	-8.22	-12
Purchase of Property, Plant & Equipment	-18	-15	-15	-15	-16	-7.91	-6.97	-10	-13	-7.38	-12
Sale of Property, Plant & Equipment	0.18	0.26	2.28	0.12	0.25	6.00	0.16	0.21	0.29	0.22	0.30
Sale and/or Maturity of Investments	19	-	-	-	-	-	-	-	-	-	-
Other Investing Activities, net	0.11	0.01	-0.09	-0.02	-0.17	-0.10	-0.01	-0.28	1.30	-0.15	-0.39
Net Cash From Financing Activities	-2.09	-1.13	-0.98	-2.37	13	-2.77	-0.14	-6.89	5.14	2.81	0.00
Net Cash From Continuing Financing Activities	-2.09	-1.13	-0.98	-2.37	13	-2.77	-0.14	-6.89	5.14	2.81	0.00
Repayment of Debt	-0.10	-0.79	-0.11	-2.12	-168	-2.06	-0.20	-51	-47	-9.19	-0.03
Issuance of Debt	0.10	0.10	0.11	0.16	184	0.15	0.22	44	53	12	0.03
Other Financing Activities, net	-2.09	-0.44	-0.98	-0.41	-2.62	-0.86	-0.15	-0.43	-0.26	-0.13	-
Effect of Exchange Rate Changes	0.65	-1.70	0.77	-0.36	-0.33	0.66	-0.77	0.32	0.17	0.75	-0.87

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

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	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	614	501	500	491	472	470	436	413
Total Current Assets	291	279	290	288	270	261	237	224
Cash & Equivalents	41	48	38	36	34	28	17	25
Restricted Cash	0.05	0.66	5.04	-	-	-	-	-
Accounts Receivable	121	110	141	132	123	130	118	106
Inventories, net	106	98	83	94	92	82	84	72
Prepaid Expenses	23	22	23	25	22	21	19	22
Plant, Property, & Equipment, net	149	129	122	113	106	109	105	95
Plant, Property & Equipment, gross	477	449	436	423	411	425	423	434
Accumulated Depreciation	327	320	315	310	305	315	318	339
Total Noncurrent Assets	174	93	89	90	96	100	94	94
Long-Term Investments	9.69	23	20	20	16	17	14	13
Intangible Assets	24	26	27	28	30	31	32	34
Noncurrent Deferred & Refundable Income Taxes	97	-	-	-	-	-	-	-
Other Noncurrent Operating Assets	43	45	41	42	49	52	48	47
Total Liabilities & Shareholders' Equity	614	501	500	491	472	470	436	413
Total Liabilities	342	346	346	345	331	333	319	312
Total Current Liabilities	114	119	120	118	127	126	111	112
Accounts Payable	41	48	53	47	50	54	49	46
Accrued Expenses	28	21	28	29	23	27	22	19
Current Deferred & Payable Income Tax Liabilities	11	14	14	13	11	11	8.96	8.33
Current Employee Benefit Liabilities	20	22	17	-	31	23	20	-
Other Current Liabilities	9.33	8.74	8.60	8.73	8.75	8.46	8.25	7.86
Other Current Nonoperating Liabilities	5.83	5.83	-	-	0.41	0.41	0.91	0.92
Total Noncurrent Liabilities	228	226	226	227	205	207	208	200
Long-Term Debt	180	180	180	179	157	156	161	154
Asset Retirement Reserve & Litigation Obligation	15	15	15	15	14	14	14	13
Noncurrent Deferred & Payable Income Tax Liabilities	3.85	3.46	2.28	2.18	1.89	2.00	2.06	1.28
Other Noncurrent Operating Liabilities	29	29	29	31	32	35	32	32
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	272	155	154	146	141	137	116	102
Total Preferred & Common Equity	273	157	155	147	142	138	117	103
Total Common Equity	273	157	155	147	142	138	117	103
Common Stock	495	492	492	490	484	483	481	478
Retained Earnings	-164	-271	-268	-276	-273	-278	-296	-301
Treasury Stock	-20	-20	-20	-20	-20	-20	-20	-20
Accumulated Other Comprehensive Income / (Loss)	-37	-45	-49	-47	-49	-46	-48	-54
Noncontrolling Interest	-1.26	-1.26	-1.26	-1.26	-1.26	-1.25	-1.23	-1.21

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-4.34%	13.20%	42.48%
EBITDA Growth	2.22%	45.28%	65.09%
EBIT Growth	4.98%	100.19%	1,530.37%
NOPAT Growth	445.97%	135.46%	238.59%
Net Income Growth	320.39%	230.39%	-92.48%
EPS Growth	310.00%	233.33%	-92.68%
Operating Cash Flow Growth	-47.98%	270.34%	307.06%
Free Cash Flow Firm Growth	58.68%	423.13%	-337.22%
Invested Capital Growth	58.92%	-0.38%	12.81%
Revenue Q/Q Growth	-3.01%	0.91%	6.61%
EBITDA Q/Q Growth	13.07%	-2.23%	2.38%
EBIT Q/Q Growth	22.91%	-3.03%	1.85%
NOPAT Q/Q Growth	1,023.71%	-6.73%	9.23%
Net Income Q/Q Growth	6,407.21%	-7.17%	-8.52%
EPS Q/Q Growth	4,000.00%	-9.09%	0.00%
Operating Cash Flow Q/Q Growth	-26.61%	58.34%	-6.07%
Free Cash Flow Firm Q/Q Growth	3,645.85%	448.51%	-340.46%
Invested Capital Q/Q Growth	38.74%	-5.99%	8.21%
Profitability Metrics	-	-	-
Gross Margin	29.32%	24.53%	27.65%
EBITDA Margin	15.67%	14.66%	11.42%
Operating Margin	8.33%	7.18%	4.07%
EBIT Margin	9.47%	8.63%	4.88%
Profit (Net Income) Margin	18.07%	4.11%	1.41%
Tax Burden Percent	376.73%	81.25%	69.82%
Interest Burden Percent	50.65%	58.65%	41.36%
Effective Tax Rate	-295.31%	19.62%	31.93%
Return on Invested Capital (ROIC)	64.82%	15.34%	6.89%
ROIC Less NNEP Spread (ROIC-NNEP)	-20.75%	5.80%	0.61%
Return on Net Nonoperating Assets (RNNOA)	-10.76%	4.96%	0.71%
Return on Equity (ROE)	54.05%	20.30%	7.61%
Cash Return on Invested Capital (CROIC)	19.30%	15.72%	-5.15%
Operating Return on Assets (OROA)	10.47%	11.84%	6.49%
Return on Assets (ROA)	19.98%	5.64%	1.87%
Return on Common Equity (ROCE)	54.39%	20.50%	7.70%
Return on Equity Simple (ROE_SIMPLE)	42.53%	17.33%	7.24%
Net Operating Profit after Tax (NOPAT)	197	36	15
NOPAT Margin	32.91%	5.77%	2.77%
Net Nonoperating Expense Percent (NNEP)	85.57%	9.54%	6.29%
Return On Investment Capital (ROIC_SIMPLE)	45.54%	11.85%	5.84%
Cost of Revenue to Revenue	70.68%	69.97%	72.35%
SG&A Expenses to Revenue	15.02%	15.42%	16.62%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.00%	22.86%	23.58%
Earnings before Interest and Taxes (EBIT)	57	54	27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	94	92	63
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.85	3.96	4.14
Price to Tangible Book Value (P/TBV)	2.05	4.92	5.96
Price to Revenue (P/Rev)	0.79	0.94	0.80
Price to Earnings (P/E)	4.36	22.80	56.77
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	22.95%	4.39%	1.76%
Enterprise Value to Invested Capital (EV/IC)	1.57	2.87	2.43
Enterprise Value to Revenue (EV/Rev)	0.98	1.08	1.03
Enterprise Value to EBITDA (EV/EBITDA)	6.23	7.35	9.06
Enterprise Value to EBIT (EV/EBIT)	10.31	12.48	21.20
Enterprise Value to NOPAT (EV/NOPAT)	2.97	18.67	37.31
Enterprise Value to Operating Cash Flow (EV/OCF)	16.02	9.61	30.19
Enterprise Value to Free Cash Flow (EV/FCFF)	9.96	18.22	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.71	1.07	1.47
Long-Term Debt to Equity	0.71	1.07	1.47
Financial Leverage	0.52	0.86	1.17
Leverage Ratio	2.71	3.60	4.06
Compound Leverage Factor	1.37	2.11	1.68
Debt to Total Capital	41.50%	51.67%	59.52%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	41.50%	51.67%	59.52%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.29%	-0.41%	-0.47%
Common Equity to Total Capital	58.79%	48.74%	40.95%
Debt to EBITDA	1.91	1.72	2.48
Net Debt to EBITDA	1.22	0.95	2.03
Long-Term Debt to EBITDA	1.91	1.72	2.48
Debt to NOPAT	0.91	4.36	10.20
Net Debt to NOPAT	0.58	2.43	8.38
Long-Term Debt to NOPAT	0.91	4.36	10.20
Altman Z-Score	2.00	2.33	1.63
Noncontrolling Interest Sharing Ratio	-0.63%	-0.98%	-1.16%
Liquidity Ratios	-	-	-
Current Ratio	2.19	2.24	1.92
Quick Ratio	1.15	1.30	1.15
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	59	37	-11
Operating Cash Flow to CapEx	63.22%	222.94%	49.43%
Free Cash Flow to Firm to Interest Expense	2.10	1.66	-0.72
Operating Cash Flow to Interest Expense	1.30	3.14	1.20
Operating Cash Flow Less CapEx to Interest Expense	-0.76	1.73	-1.22
Efficiency Ratios	-	-	-
Asset Turnover	1.11	1.37	1.33
Accounts Receivable Turnover	5.53	5.19	5.01
Inventory Turnover	4.27	5.20	5.67
Fixed Asset Turnover	4.80	5.98	5.81
Accounts Payable Turnover	8.88	8.64	9.19
Days Sales Outstanding (DSO)	65.98	70.36	72.85
Days Inventory Outstanding (DIO)	85.44	70.24	64.39
Days Payable Outstanding (DPO)	41.12	42.24	39.70
Cash Conversion Cycle (CCC)	110.31	98.36	97.54
Capital & Investment Metrics	-	-	-
Invested Capital	373	235	236
Invested Capital Turnover	1.97	2.66	2.49
Increase / (Decrease) in Invested Capital	138	-0.89	27
Enterprise Value (EV)	585	674	572
Market Capitalization	472	588	445
Book Value per Share	$1.93	$1.14	$0.84
Tangible Book Value per Share	$1.74	$0.92	$0.58
Total Capital	433	305	263
Total Debt	180	158	156
Total Long-Term Debt	180	158	156
Net Debt	114	88	129
Capital Expenditures (CapEx)	58	31	38
Debt-free, Cash-free Net Working Capital (DFCFNWC)	109	104	101
Debt-free Net Working Capital (DFNWC)	146	156	114
Net Working Capital (NWC)	146	156	114
Net Nonoperating Expense (NNE)	89	10	7.54
Net Nonoperating Obligations (NNO)	120	88	129
Total Depreciation and Amortization (D&A)	37	38	36
Debt-free, Cash-free Net Working Capital to Revenue	18.21%	16.54%	18.18%
Debt-free Net Working Capital to Revenue	24.42%	24.92%	20.64%
Net Working Capital to Revenue	24.42%	24.92%	20.64%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.83	$0.20	$0.06
Adjusted Weighted Average Basic Shares Outstanding	131.28M	129.57M	128.08M
Adjusted Diluted Earnings per Share	$0.82	$0.20	$0.06
Adjusted Weighted Average Diluted Shares Outstanding	132.23M	131.24M	129.78M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	132.39M	260.83M	128.66M
Normalized Net Operating Profit after Tax (NOPAT)	35	36	15
Normalized NOPAT Margin	5.84%	5.78%	2.66%
Pre Tax Income Margin	4.80%	5.06%	2.02%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	2.03	2.42	1.71
NOPAT to Interest Expense	7.04	1.62	0.97
EBIT Less CapEx to Interest Expense	-0.04	1.01	-0.72
NOPAT Less CapEx to Interest Expense	4.98	0.21	-1.45
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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.09%	-12.16%	-6.45%	-2.01%	3.26%	3.85%	12.19%	24.69%	12.44%	30.31%	41.41%
EBITDA Growth	-11.23%	95.19%	-0.49%	-23.19%	-1.19%	-15.54%	40.53%	170.85%	7.06%	12.21%	-4.96%
EBIT Growth	-23.25%	517.01%	2.59%	-30.94%	1.24%	-45.25%	102.03%	452.64%	3.00%	15.13%	-14.67%
NOPAT Growth	140.24%	9,641.26%	-46.76%	-27.29%	-37.54%	-60.68%	6,091.30%	235.82%	16.83%	1,812.04%	94.17%
Net Income Growth	342.51%	2,738.66%	-155.31%	-58.02%	-84.83%	-104.46%	2,017.19%	954.90%	-21.84%	-61.63%	-89.81%
EPS Growth	200.00%	2,666.67%	-150.00%	-57.14%	-80.00%	-200.00%	0.00%	1,300.00%	-16.67%	0.00%	-100.00%
Operating Cash Flow Growth	128.48%	-70.15%	42.19%	-12.48%	-253.77%	369.99%	551.47%	58.78%	51.42%	-21.22%	-23.86%
Free Cash Flow Firm Growth	-786.99%	-1,465.34%	37.51%	73.91%	37.18%	108.50%	-40.50%	-1,666.04%	-2,614.78%	-248.95%	-102.54%
Invested Capital Growth	51.15%	58.92%	7.68%	7.60%	8.05%	-0.38%	14.67%	19.74%	14.73%	12.81%	8.27%
Revenue Q/Q Growth	16.83%	-5.08%	-17.59%	13.89%	-1.41%	1.10%	-13.68%	20.01%	-0.84%	9.21%	-4.05%
EBITDA Q/Q Growth	-12.53%	2.28%	-22.17%	27.49%	92.32%	-47.86%	-39.92%	64.01%	64.38%	-13.25%	15.80%
EBIT Q/Q Growth	-22.29%	-0.38%	-32.10%	46.02%	524.73%	-83.44%	-54.29%	114.03%	237.86%	-38.88%	25.03%
NOPAT Q/Q Growth	-86.50%	2,377.56%	-65.43%	107.82%	447.20%	-86.46%	-52.79%	78.54%	244.48%	2,163.24%	-102.65%
Net Income Q/Q Growth	-96.06%	3,526.38%	-139.24%	734.97%	123.50%	-171.83%	-70.21%	201.62%	416.86%	-843.75%	-85.16%
EPS Q/Q Growth	-96.10%	3,950.00%	-133.33%	500.00%	133.33%	-175.00%	-71.43%	180.00%	600.00%	0.00%	-100.00%
Operating Cash Flow Q/Q Growth	-30.17%	-71.64%	-19.98%	279.73%	-173.20%	35.07%	-50.75%	215.77%	228.52%	-425.92%	-88.00%
Free Cash Flow Firm Q/Q Growth	-342.78%	-88.17%	-139.36%	55.52%	-781.57%	108.61%	0.07%	-7.10%	7.82%	-42.41%	-1,213.84%
Invested Capital Q/Q Growth	8.96%	38.74%	-0.33%	0.32%	14.56%	-5.99%	-0.40%	0.73%	5.62%	8.21%	4.01%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	27.30%	43.14%	30.56%	25.16%	20.60%	19.75%	25.04%	28.01%	24.84%	35.93%	21.83%
EBITDA Margin	12.38%	16.54%	15.35%	16.25%	14.52%	7.44%	14.43%	20.73%	15.17%	9.15%	11.52%
Operating Margin	11.95%	5.95%	8.44%	12.28%	5.83%	1.06%	6.81%	11.73%	8.49%	2.80%	3.48%
EBIT Margin	6.24%	9.39%	8.94%	10.86%	8.47%	1.34%	8.16%	15.40%	8.64%	2.53%	4.53%
Profit (Net Income) Margin	2.58%	76.37%	-2.12%	4.44%	0.61%	-2.54%	3.58%	10.37%	4.13%	-1.29%	0.19%
Tax Burden Percent	79.61%	1,389.65%	-39.57%	61.22%	70.66%	107.22%	80.70%	86.32%	80.08%	163.71%	12.10%
Interest Burden Percent	51.85%	58.56%	59.79%	66.86%	10.13%	-177.47%	54.37%	78.00%	59.67%	-31.12%	34.59%
Effective Tax Rate	20.39%	-1,283.02%	62.62%	38.78%	29.34%	0.00%	18.58%	13.64%	19.76%	0.00%	102.98%
Return on Invested Capital (ROIC)	17.03%	162.13%	7.51%	18.11%	10.03%	1.97%	14.70%	26.58%	16.63%	4.88%	-0.26%
ROIC Less NNEP Spread (ROIC-NNEP)	8.59%	154.42%	0.80%	13.52%	5.89%	-2.66%	12.06%	26.97%	13.41%	0.88%	0.11%
Return on Net Nonoperating Assets (RNNOA)	5.31%	80.10%	0.60%	10.72%	5.75%	-2.27%	11.17%	24.23%	14.62%	1.03%	0.12%
Return on Equity (ROE)	22.34%	242.23%	8.11%	28.83%	15.78%	-0.30%	25.87%	50.82%	31.25%	5.91%	-0.14%
Cash Return on Invested Capital (CROIC)	22.80%	19.30%	-0.64%	2.00%	5.00%	15.72%	2.88%	-4.23%	-7.21%	-5.15%	-1.24%
Operating Return on Assets (OROA)	6.84%	10.37%	11.35%	14.05%	11.53%	1.83%	11.43%	20.99%	11.67%	3.37%	5.70%
Return on Assets (ROA)	2.82%	84.41%	-2.68%	5.75%	0.83%	-3.49%	5.01%	14.13%	5.58%	-1.72%	0.24%
Return on Common Equity (ROCE)	22.47%	243.75%	8.17%	29.08%	15.93%	-0.30%	26.14%	51.33%	31.59%	5.97%	-0.14%
Return on Equity Simple (ROE_SIMPLE)	40.81%	0.00%	1.06%	6.51%	14.00%	0.00%	19.49%	16.33%	5.21%	0.00%	8.28%
Net Operating Profit after Tax (NOPAT)	15	111	4.47	13	6.22	1.14	8.39	18	9.96	2.89	-0.14
NOPAT Margin	9.51%	82.33%	3.15%	7.52%	4.12%	0.74%	5.54%	10.13%	6.81%	1.96%	-0.10%
Net Nonoperating Expense Percent (NNEP)	8.44%	7.71%	6.71%	4.59%	4.14%	4.63%	2.64%	-0.38%	3.23%	4.00%	-0.36%
Return On Investment Capital (ROIC_SIMPLE)	3.31%	25.57%	-	-	-	0.37%	-	-	-	1.10%	-
Cost of Revenue to Revenue	66.54%	69.90%	69.44%	69.74%	73.60%	73.19%	69.30%	66.72%	71.18%	72.59%	71.78%
SG&A Expenses to Revenue	15.36%	17.20%	15.81%	12.88%	14.77%	15.24%	15.74%	14.95%	15.86%	16.17%	17.65%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.51%	24.15%	22.13%	17.98%	20.57%	25.75%	23.89%	21.54%	20.33%	24.61%	24.74%
Earnings before Interest and Taxes (EBIT)	9.81	13	13	19	13	2.05	12	27	13	3.74	6.11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	19	22	22	28	22	11	22	36	22	13	16
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.63	1.85	2.60	2.93	3.91	3.96	5.80	3.16	2.90	4.14	4.47
Price to Tangible Book Value (P/TBV)	1.79	2.05	3.12	3.55	4.83	4.92	7.36	4.08	3.99	5.96	6.64
Price to Revenue (P/Rev)	0.73	0.79	0.66	0.72	0.91	0.94	1.33	0.72	0.60	0.80	0.89
Price to Earnings (P/E)	3.99	4.36	244.15	44.98	27.89	22.80	29.76	19.33	55.36	56.77	53.53
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	25.05%	22.95%	0.41%	2.22%	3.59%	4.39%	3.36%	5.17%	1.81%	1.76%	1.87%
Enterprise Value to Invested Capital (EV/IC)	1.41	1.57	1.91	2.11	2.59	2.87	3.74	2.19	1.89	2.43	2.64
Enterprise Value to Revenue (EV/Rev)	0.95	0.98	0.83	0.91	1.11	1.08	1.50	0.91	0.83	1.03	1.11
Enterprise Value to EBITDA (EV/EBITDA)	6.27	6.23	6.19	6.85	7.63	7.35	9.94	6.27	7.30	9.06	9.31
Enterprise Value to EBIT (EV/EBIT)	10.66	10.31	11.14	12.41	12.88	12.48	16.75	11.10	17.24	21.20	21.67
Enterprise Value to NOPAT (EV/NOPAT)	2.67	2.97	29.30	23.42	21.13	18.67	24.11	17.37	31.05	37.31	40.91
Enterprise Value to Operating Cash Flow (EV/OCF)	10.56	16.02	10.33	12.97	14.73	9.61	21.06	16.91	21.44	30.19	28.47
Enterprise Value to Free Cash Flow (EV/FCFF)	7.43	9.96	0.00	109.29	53.82	18.22	138.38	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.66	0.71	1.16	1.17	1.23	1.07	1.12	1.15	1.40	1.47	1.51
Long-Term Debt to Equity	0.66	0.71	1.16	1.17	1.23	1.07	1.11	1.14	1.38	1.47	1.51
Financial Leverage	0.62	0.52	0.75	0.79	0.98	0.86	0.93	0.90	1.09	1.17	1.08
Leverage Ratio	2.65	2.71	3.28	3.34	3.53	3.60	3.65	3.65	3.78	4.06	4.09
Compound Leverage Factor	1.37	1.58	1.96	2.23	0.36	-6.39	1.98	2.85	2.25	-1.26	1.41
Debt to Total Capital	39.86%	41.50%	53.63%	53.91%	55.11%	51.67%	52.92%	53.53%	58.34%	59.52%	60.20%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.64%	0.64%	0.78%	0.00%	0.01%
Long-Term Debt to Total Capital	39.86%	41.50%	53.63%	53.91%	55.11%	51.67%	52.28%	52.89%	57.57%	59.52%	60.19%
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%	0.00%
Noncontrolling Interests to Total Capital	-0.28%	-0.29%	-0.38%	-0.38%	-0.39%	-0.41%	-0.42%	-0.43%	-0.44%	-0.47%	-0.47%
Common Equity to Total Capital	60.42%	58.79%	46.75%	46.46%	45.28%	48.74%	47.50%	46.89%	42.10%	40.95%	40.28%
Debt to EBITDA	1.97	1.91	2.17	2.16	1.96	1.72	1.69	1.80	2.52	2.48	2.49
Net Debt to EBITDA	1.42	1.22	1.30	1.40	1.34	0.95	1.15	1.30	2.04	2.03	1.87
Long-Term Debt to EBITDA	1.97	1.91	2.17	2.16	1.96	1.72	1.67	1.78	2.48	2.48	2.49
Debt to NOPAT	0.84	0.91	10.24	7.40	5.43	4.36	4.10	4.99	10.71	10.20	10.96
Net Debt to NOPAT	0.60	0.58	6.15	4.80	3.73	2.43	2.80	3.59	8.69	8.38	8.21
Long-Term Debt to NOPAT	0.84	0.91	10.24	7.40	5.43	4.36	4.05	4.93	10.56	10.20	10.96
Altman Z-Score	1.79	1.76	1.65	1.82	2.00	1.97	2.45	1.78	1.44	1.46	1.50
Noncontrolling Interest Sharing Ratio	-0.60%	-0.63%	-0.85%	-0.87%	-0.95%	-0.98%	-1.02%	-1.00%	-1.07%	-1.16%	-1.15%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.54	2.19	2.33	2.41	2.44	2.24	2.14	2.07	2.12	1.92	2.01
Quick Ratio	1.42	1.15	1.33	1.48	1.43	1.30	1.24	1.26	1.20	1.15	1.17
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-123	-28	-15	-6.16	-14	2.03	-24	-24	-22	-24	-17
Operating Cash Flow to CapEx	22.14%	38.52%	161.69%	162.60%	-88.70%	988.74%	205.35%	275.94%	71.91%	-97.63%	17.92%
Free Cash Flow to Firm to Interest Expense	-25.99	-5.30	-2.89	-1.00	-1.21	0.36	-4.18	-3.97	-4.33	-4.88	-4.20
Operating Cash Flow to Interest Expense	0.83	1.08	3.90	4.01	-1.20	3.32	2.48	4.77	1.76	-1.43	0.54
Operating Cash Flow Less CapEx to Interest Expense	-2.93	-1.72	1.49	1.55	-2.56	2.99	1.27	3.04	-0.69	-2.89	-2.46
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.10	1.11	1.27	1.29	1.36	1.37	1.40	1.36	1.35	1.33	1.26
Accounts Receivable Turnover	4.78	5.53	5.30	4.63	5.05	5.19	5.43	5.15	5.15	5.01	5.62
Inventory Turnover	4.15	4.27	4.65	5.44	5.00	5.20	5.29	5.89	5.53	5.67	5.27
Fixed Asset Turnover	4.61	4.80	5.25	5.43	5.77	5.98	6.17	5.92	5.85	5.81	5.69
Accounts Payable Turnover	9.42	8.88	8.94	8.40	9.20	8.64	8.98	8.62	9.21	9.19	8.67
Days Sales Outstanding (DSO)	76.38	65.98	68.82	78.87	72.31	70.36	67.21	70.82	70.86	72.85	64.98
Days Inventory Outstanding (DIO)	87.89	85.44	78.47	67.05	73.06	70.24	68.97	62.01	66.04	64.39	69.26
Days Payable Outstanding (DPO)	38.76	41.12	40.82	43.48	39.69	42.24	40.65	42.36	39.63	39.70	42.10
Cash Conversion Cycle (CCC)	125.52	110.31	106.47	102.44	105.68	98.36	95.53	90.47	97.27	97.54	92.15
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	407	373	269	270	269	235	250	251	249	236	218
Invested Capital Turnover	1.79	1.97	2.38	2.41	2.43	2.66	2.65	2.62	2.44	2.49	2.47
Increase / (Decrease) in Invested Capital	138	138	19	19	20	-0.89	32	41	32	27	17
Enterprise Value (EV)	573	585	514	569	698	674	934	550	472	572	575
Market Capitalization	445	472	407	454	576	588	827	437	341	445	460
Book Value per Share	$2.06	$1.93	$1.19	$1.18	$1.13	$1.14	$1.10	$1.07	$0.91	$0.84	$0.80
Tangible Book Value per Share	$1.88	$1.74	$0.99	$0.97	$0.91	$0.92	$0.87	$0.83	$0.66	$0.58	$0.54
Total Capital	452	433	335	333	326	305	300	295	279	263	256
Total Debt	180	180	180	180	179	158	159	158	163	156	154
Total Long-Term Debt	180	180	180	180	179	158	157	156	161	156	154
Net Debt	129	114	108	116	123	88	108	114	132	129	115
Capital Expenditures (CapEx)	18	15	12	15	16	1.91	6.81	10	12	7.16	12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	136	109	110	127	134	104	112	109	111	101	88
Debt-free Net Working Capital (DFNWC)	177	146	159	169	170	156	146	137	128	114	113
Net Working Capital (NWC)	177	146	159	169	170	156	144	135	125	114	113
Net Nonoperating Expense (NNE)	11	8.02	7.47	5.29	5.31	5.03	2.97	-0.42	3.93	4.80	-0.40
Net Nonoperating Obligations (NNO)	135	120	114	116	123	88	109	114	133	129	116
Total Depreciation and Amortization (D&A)	9.65	9.62	9.08	9.28	9.14	9.35	9.50	9.35	9.55	9.76	9.44
Debt-free, Cash-free Net Working Capital to Revenue	22.41%	18.21%	17.82%	20.16%	21.19%	16.54%	18.04%	18.10%	19.47%	18.18%	16.87%
Debt-free Net Working Capital to Revenue	29.19%	24.42%	25.76%	26.98%	26.88%	24.92%	23.49%	22.68%	22.40%	20.64%	21.74%
Net Working Capital to Revenue	29.19%	24.42%	25.76%	26.98%	26.88%	24.92%	23.19%	22.37%	22.02%	20.64%	21.74%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.03	$0.78	($0.02)	$0.06	$0.01	($0.03)	$0.04	$0.14	$0.05	($0.01)	$0.00
Adjusted Weighted Average Basic Shares Outstanding	132.35M	131.28M	131.58M	131.26M	130.45M	129.57M	129.78M	129.46M	128.94M	128.08M	128.41M
Adjusted Diluted Earnings per Share	$0.03	$0.77	($0.02)	$0.06	$0.01	($0.03)	$0.04	$0.14	$0.05	($0.01)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	133.76M	132.23M	132.03M	132.17M	132.12M	131.24M	132.09M	129.93M	129.98M	129.78M	128.41M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	133.07M	132.39M	131.81M	131.45M	131.14M	260.83M	130.08M	129.56M	129.40M	128.66M	128.62M
Normalized Net Operating Profit after Tax (NOPAT)	15	5.60	8.45	13	6.22	1.14	8.39	18	7.67	2.89	3.29
Normalized NOPAT Margin	9.77%	4.17%	5.96%	7.52%	4.12%	0.74%	5.54%	10.52%	5.25%	1.96%	2.44%
Pre Tax Income Margin	3.24%	5.50%	5.35%	7.26%	0.86%	-2.37%	4.43%	12.01%	5.15%	-0.79%	1.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.08	2.41	2.49	3.02	1.11	0.36	2.19	4.55	2.48	0.76	1.53
NOPAT to Interest Expense	3.16	21.17	0.88	2.09	0.54	0.20	1.49	2.99	1.96	0.59	-0.04
EBIT Less CapEx to Interest Expense	-1.69	-0.38	0.08	0.55	-0.24	0.02	0.98	2.82	0.03	-0.70	-1.46
NOPAT Less CapEx to Interest Expense	-0.60	18.37	-1.53	-0.38	-0.81	-0.14	0.28	1.26	-0.50	-0.87	-3.03
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%	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%	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. View TETRA Technologies' forecast to see where analysts expect TETRA Technologies to go next.

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 5/21/2025 by MarketBeat.com Staff

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TETRA Technologies (TTI) Financials

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TETRA Technologies (TTI) Financials

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