Tetra Technologies (TTI) Financials

$10.22 +0.44 (+4.54%)

Closing price 03:59 PM Eastern

Extended Trading

$10.19 -0.03 (-0.32%)

As of 07:15 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-126	-201	-39	-62	-147	-51	103	7.84	26	108	3.01
Consolidated Net Income / (Loss)	-209	-401	-62	-77	-161	-99	104	7.80	26	108	3.00
Net Income / (Loss) Continuing Operations	-209	-225	-45	-6.31	-131	-27	-17	7.60	25	114	4.21
Total Pre-Tax Income	-202	-223	-44	-2.63	-128	-25	-15	11	32	29	27
Total Operating Income	-146	-93	-7.02	10	-109	-9.15	-16	23	45	50	55
Total Gross Profit	189	139	108	151	12	68	93	153	154	176	197
Total Revenue	1,130	1,235	723	560	561	378	388	553	626	599	631
Operating Revenue	1,130	1,235	723	560	561	378	388	553	626	599	631
Total Cost of Revenue	941	1,096	615	409	410	271	295	400	438	423	434
Operating Cost of Revenue	941	1,096	615	409	410	271	295	400	438	423	434
Total Operating Expenses	335	232	115	140	260	115	109	130	143	126	142
Selling, General & Admin Expense	158	108	115	93	96	77	75	92	97	90	101
Exploration Expense	-	-	-	-	-	0.00	0.00	6.64	12	0.00	0.00
Depreciation Expense	-	-	-	44	48	38	34	33	34	36	37
Impairment Charge	177	123	0.00	2.94	118	0.56	0.58	2.80	2.97	0.11	4.16
Other Special Charges / (Income)	-	0.00	0.00	0.00	-1.67	0.00	0.00	-3.75	-2.85	0.00	0.00
Total Other Income / (Expense), net	-56	-8.59	-37	-13	-19	-16	1.09	-11	-13	-21	-29
Interest Expense	54	59	57	19	21	19	16	16	22	28	17
Other Income / (Expense), net	-1.71	-72	20	6.03	1.93	2.99	17	4.47	9.11	6.86	-12
Income Tax Expense	7.70	2.16	0.75	3.68	2.81	1.76	2.08	3.57	6.22	-85	22
Net Income / (Loss) Discontinued Operations	-	-14	-17	-78	-30	-72	120	0.20	0.28	-5.34	-1.21
Net Income / (Loss) Attributable to Noncontrolling Interest	-83	-78	-23	-23	-13	-48	0.27	-0.04	-0.03	-0.00	-0.01
Basic Earnings per Share	($1.59)	($1.85)	($0.34)	($0.50)	($1.17)	($0.41)	$0.82	$0.06	$0.20	$0.83	$0.02
Weighted Average Basic Shares Outstanding	79.17M	87.29M	114.50M	124.10M	125.60M	125.84M	126.60M	128.08M	129.57M	131.28M	133.20M
Diluted Earnings per Share	($1.59)	($1.85)	($0.34)	($0.50)	($1.17)	($0.41)	$0.82	$0.06	$0.20	$0.82	$0.02
Weighted Average Diluted Shares Outstanding	79.17M	87.29M	114.50M	124.10M	125.60M	125.84M	126.60M	129.78M	131.24M	132.23M	135.15M
Weighted Average Basic & Diluted Shares Outstanding	79.40M	87.30M	114.80M	124.10M	125.60M	125.84M	127.65M	128.66M	260.83M	132.39M	134.20M

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	5.42	-3.89	0.92	7.64	-3.00	103	4.05	11	4.15	-17	8.32
Consolidated Net Income / (Loss)	5.42	-3.89	0.92	7.64	-3.00	103	4.05	11	4.15	-17	8.32
Net Income / (Loss) Continuing Operations	5.47	-4.24	0.92	7.64	2.83	102	4.05	11	4.15	-15	8.32
Total Pre-Tax Income	6.72	-3.63	1.30	12	7.58	7.39	5.09	19	8.11	-6.13	12
Total Operating Income	10	1.62	8.80	21	12	8.01	19	23	11	2.50	13
Total Gross Profit	38	30	31	43	43	58	43	48	46	60	38
Total Revenue	151	153	151	172	142	135	157	174	153	147	156
Operating Revenue	151	153	151	172	142	135	157	174	153	147	156
Total Cost of Revenue	105	112	111	120	98	94	105	116	107	105	109
Operating Cost of Revenue	105	112	111	120	98	94	105	116	107	105	109
Total Operating Expenses	36	39	31	31	31	32	34	35	35	39	35
Selling, General & Admin Expense	24	23	22	22	22	23	24	25	25	26	25
Depreciation Expense	8.58	8.62	8.76	8.77	8.84	9.35	9.15	9.19	9.49	9.27	9.18
Impairment Charge	0.00	-	0.00	0.00	0.11	-	0.52	0.09	0.00	3.55	0.00
Total Other Income / (Expense), net	-3.60	-5.26	-7.51	-8.64	-4.38	-0.62	-14	-3.55	-3.03	-8.63	-1.23
Interest Expense	5.64	5.68	11	6.19	5.10	5.23	4.72	4.19	4.45	3.96	3.24
Other Income / (Expense), net	2.04	0.42	3.98	-2.45	0.72	4.62	-8.96	0.65	1.42	-4.67	2.01
Income Tax Expense	1.25	0.61	0.38	4.84	4.74	-95	1.04	8.13	3.95	9.17	3.27
Basic Earnings per Share	$0.04	($0.03)	$0.01	$0.06	($0.02)	$0.78	$0.03	$0.08	$0.03	($0.12)	$0.06
Weighted Average Basic Shares Outstanding	129.78M	129.57M	130.45M	131.26M	131.58M	131.28M	132.35M	133.15M	133.42M	133.20M	134.50M
Diluted Earnings per Share	$0.04	($0.03)	$0.01	$0.06	($0.02)	$0.77	$0.03	$0.08	$0.03	($0.12)	$0.06
Weighted Average Diluted Shares Outstanding	132.09M	131.24M	132.12M	132.17M	132.03M	132.23M	133.76M	133.42M	134.84M	135.15M	137.32M
Weighted Average Basic & Diluted Shares Outstanding	130.08M	260.83M	131.14M	131.45M	131.81M	132.39M	133.07M	133.28M	133.75M	134.20M	135.39M

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-25	6.74	-11	75	-22	66	-52	-18	39	-15	35
Net Cash From Operating Activities	197	56	65	47	90	77	4.66	19	70	37	100
Net Cash From Continuing Operating Activities	197	56	57	108	90	77	4.66	19	70	37	100
Net Income / (Loss) Continuing Operations	-209	-239	-62	0.00	-161	-99	104	7.80	26	108	3.00
Consolidated Net Income / (Loss)	-209	-239	62	0.00	-161	-99	104	7.80	26	108	3.00
Depreciation Expense	155	130	116	117	124	119	34	33	34	36	37
Amortization Expense	3.96	4.14	-	-	4.78	5.25	3.09	3.38	3.43	1.39	2.02
Non-Cash Adjustments To Reconcile Net Income	234	152	6.80	25	138	34	-130	4.68	8.69	2.42	17
Changes in Operating Assets and Liabilities, net	14	9.32	-121	-34	-17	18	-5.55	-30	-2.00	-111	41
Net Cash From Investing Activities	-115	-14	-48	-189	-106	6.04	-5.18	-37	-27	-59	-61
Net Cash From Continuing Investing Activities	-115	-14	-48	-189	-106	6.04	-5.18	-37	-27	-59	-61
Purchase of Property, Plant & Equipment	-121	-21	-52	-142	-108	-29	-21	-40	-38	-61	-81
Purchase of Investments	-	-	-	-	0.00	0.00	-5.00	0.00	-0.35	-1.02	0.00
Sale of Property, Plant & Equipment	7.14	3.35	0.86	1.14	13	36	1.69	1.71	6.66	2.92	0.64
Sale and/or Maturity of Investments	-	-	-	-	-	0.00	18	0.00	3.90	0.00	19
Other Investing Activities, net	-1.53	3.42	3.16	-1.34	0.97	-0.74	1.04	2.76	0.91	-0.28	-0.20
Net Cash From Financing Activities	-104	-33	-21	155	-5.93	-18	-50	0.04	-4.66	8.87	-5.37
Net Cash From Continuing Financing Activities	-104	-33	-21	155	-5.93	-18	-50	0.04	-4.66	8.87	-5.37
Repayment of Debt	-602	-696	-386	-593	-259	-494	-52	-12	-100	-172	-1.67
Issuance of Debt	536	526	385	768	283	478	1.61	14	98	185	0.39
Other Financing Activities, net	-39	-31	-20	-20	-	0.00	0.00	-1.30	-1.70	-4.44	-4.09
Effect of Exchange Rate Changes	-2.85	-1.99	1.12	0.78	-0.20	0.81	-1.77	-0.45	0.38	-1.61	1.85

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	6.15	19	-17	6.81	6.26	-12	3.84	28	-1.60	5.48	-37
Net Cash From Operating Activities	14	19	-14	25	20	5.64	3.94	48	16	32	-12
Net Cash From Continuing Operating Activities	14	19	-14	25	20	5.64	3.94	48	16	32	-12
Net Income / (Loss) Continuing Operations	5.42	-3.89	0.92	7.64	-3.00	103	4.05	11	4.15	-17	8.32
Consolidated Net Income / (Loss)	5.42	-3.89	0.92	7.64	-3.00	103	4.05	11	4.15	-17	8.32
Depreciation Expense	8.58	8.62	8.76	8.78	8.84	9.35	9.15	9.19	9.49	9.27	9.18
Amortization Expense	0.93	0.73	0.38	0.50	0.24	0.27	0.50	0.48	0.51	0.53	0.57
Non-Cash Adjustments To Reconcile Net Income	0.33	8.37	3.67	1.53	1.89	-99	11	1.99	0.31	3.72	0.97
Changes in Operating Assets and Liabilities, net	-1.28	5.05	-28	6.38	12	-7.58	-21	25	1.91	35	-31
Net Cash From Investing Activities	-6.91	1.89	-16	-15	-13	-15	1.35	-20	-16	-27	-19
Net Cash From Continuing Investing Activities	-6.91	1.89	-16	-15	-13	-15	1.35	-20	-16	-27	-19
Purchase of Property, Plant & Equipment	-6.97	-7.91	-16	-15	-15	-15	-18	-19	-16	-28	-19
Sale of Property, Plant & Equipment	0.16	6.00	0.25	0.12	2.28	0.26	0.18	0.07	0.09	0.30	0.13
Sale and/or Maturity of Investments	-	-	0.00	-	-	-	19	-	-	-	0.00
Other Investing Activities, net	-0.01	-0.10	-0.17	-0.02	-0.09	0.01	0.11	-0.20	-0.10	-0.01	0.16
Net Cash From Financing Activities	-0.14	-2.77	13	-2.37	-0.98	-1.13	-2.09	-2.50	-1.97	1.18	-6.72
Net Cash From Continuing Financing Activities	-0.14	-2.77	13	-2.37	-0.98	-1.13	-2.09	-2.50	-1.97	1.18	-6.72
Repayment of Debt	-0.20	-2.06	-168	-2.12	-0.11	-0.79	-0.10	-1.38	-0.10	-0.10	-0.11
Issuance of Debt	0.22	0.15	184	0.16	0.11	0.10	0.10	0.10	0.10	0.10	0.11
Other Financing Activities, net	-0.15	-0.86	-2.62	-0.41	-0.98	-0.44	-2.09	-1.22	-1.97	1.18	-6.72
Effect of Exchange Rate Changes	-0.77	0.66	-0.33	-0.36	0.77	-1.70	0.65	1.53	-0.26	-0.08	0.15

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,316	1,316	1,309	1,386	1,272	1,133	398	434	479	605	676
Total Current Assets	276	276	338	401	351	932	210	238	282	270	317
Cash & Equivalents	30	30	26	40	15	67	32	14	52	37	73
Restricted Cash	6.69	6.69	0.26	0.06	0.06	0.07	-	-	0.00	0.22	0.05
Accounts Receivable	114	114	144	188	111	64	91	130	112	105	100
Inventories, net	107	107	115	144	80	77	69	72	97	102	116
Prepaid Expenses	18	18	18	21	17	13	19	23	21	26	29
Plant, Property, & Equipment, net	945	945	809	854	116	97	89	102	108	142	194
Total Noncurrent Assets	94	94	161	131	804	104	99	94	89	193	165
Long-Term Investments	-	-	-	-	-	2.68	11	14	17	28	12
Intangible Assets	68	68	47	82	46	41	37	33	29	25	21
Noncurrent Deferred & Refundable Income Taxes	0.03	0.03	0.01	0.01	0.00	-	-	-	0.91	98	87
Other Noncurrent Operating Assets	20	20	21	23	63	60	51	47	42	42	44
Total Liabilities & Shareholders' Equity	1,316	1,316	1,309	1,386	1,272	1,133	398	434	479	605	676
Total Liabilities	897	915	956	1,073	1,109	1,062	300	328	332	352	393
Total Current Liabilities	117	117	174	200	189	798	97	124	126	123	161
Short-Term Debt	0.03	-	-	-	-	-	-	-	-	-	4.75
Accounts Payable	46	46	71	80	41	23	38	49	52	43	55
Accrued Expenses	56	56	58	89	45	14	22	26	27	30	39
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	4.32	7.09	9.91	10	12	15
Current Employee Benefit Liabilities	-	-	-	-	-	14	21	31	27	23	29
Other Current Liabilities	1.45	1.45	-	-	-	8.80	8.11	7.80	9.10	8.86	11
Other Current Nonoperating Liabilities	-	-	26	4.15	102	734	1.39	0.92	0.00	5.83	7.36
Total Noncurrent Liabilities	780	798	782	872	920	264	203	204	206	229	232
Long-Term Debt	624	624	630	816	205	200	152	156	158	180	177
Asset Retirement Reserve & Litigation Obligation	54	54	12	12	13	12	13	14	14	15	16
Noncurrent Deferred & Payable Income Tax Liabilities	7.30	7.30	4.40	3.24	1.78	1.94	1.67	2.04	2.28	4.91	2.50
Other Noncurrent Operating Liabilities	95	113	88	41	48	49	36	32	32	29	37
Commitments & Contingencies	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	400	400	353	313	163	71	99	106	147	253	282
Total Preferred & Common Equity	234	234	208	173	34	-9.64	100	108	149	255	284
Total Common Equity	234	234	208	173	34	-9.64	100	108	149	255	284
Common Stock	420	420	427	462	468	473	477	479	490	494	502
Retained Earnings	-117	-117	-156	-218	-363	-414	-310	-302	-277	-168	-165
Treasury Stock	-18	-18	-19	-19	-19	-19	-20	-20	-20	-20	-20
Accumulated Other Comprehensive Income / (Loss)	-51	-51	-44	-52	-52	-50	-47	-49	-45	-51	-33
Noncontrolling Interest	167	167	144	139	128	81	-1.14	-1.23	-1.26	-1.26	-1.27

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	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	413	436	470	472	491	500	501	614	646	655	662
Total Current Assets	224	237	261	270	288	290	279	291	312	314	297
Cash & Equivalents	25	17	28	34	36	38	48	41	69	67	35
Restricted Cash	-	-	-	-	-	5.04	0.66	0.05	0.05	0.05	0.05
Accounts Receivable	106	118	130	123	132	141	110	121	110	116	116
Inventories, net	72	84	82	92	94	83	98	106	109	106	120
Prepaid Expenses	22	19	21	22	25	23	22	23	24	24	26
Plant, Property, & Equipment, net	95	105	109	106	113	122	129	149	162	173	203
Total Noncurrent Assets	94	94	100	96	90	89	93	174	172	168	162
Long-Term Investments	13	14	17	16	20	20	23	9.69	8.97	10	11
Intangible Assets	34	32	31	30	28	27	26	24	23	22	21
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	97	95	94	87
Other Noncurrent Operating Assets	47	48	52	49	42	41	45	43	45	42	43
Total Liabilities & Shareholders' Equity	413	436	470	472	491	500	501	614	646	655	662
Total Liabilities	312	319	333	331	345	346	346	342	356	360	377
Total Current Liabilities	112	111	126	127	118	120	119	114	126	133	147
Short-Term Debt	0.01	2.16	1.90	1.91	-	-	-	-	-	-	5.94
Accounts Payable	46	49	54	50	47	53	48	41	52	44	52
Accrued Expenses	19	22	27	23	29	28	21	28	25	29	38
Current Deferred & Payable Income Tax Liabilities	8.33	8.96	11	11	13	14	14	11	13	16	12
Current Employee Benefit Liabilities	-	20	23	31	-	17	22	20	20	27	20
Other Current Liabilities	7.86	8.25	8.46	8.75	8.73	8.60	8.74	9.33	11	11	12
Other Current Nonoperating Liabilities	0.92	0.91	0.41	0.41	-	-	5.83	5.83	5.83	5.83	7.36
Total Noncurrent Liabilities	200	208	207	205	227	226	226	228	230	226	230
Long-Term Debt	154	161	156	157	179	180	180	180	181	181	176
Asset Retirement Reserve & Litigation Obligation	13	14	14	14	15	15	15	15	15	15	16
Noncurrent Deferred & Payable Income Tax Liabilities	1.28	2.06	2.00	1.89	2.18	2.28	3.46	3.85	4.58	4.28	2.89
Other Noncurrent Operating Liabilities	32	32	35	32	31	29	29	29	29	26	35
Commitments & Contingencies	0.00	0.00	0.00	0.00	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	272	290	295	286
Total Preferred & Common Equity	103	117	138	142	147	155	157	273	291	297	287
Total Common Equity	103	117	138	142	147	155	157	273	291	297	287
Common Stock	478	481	483	484	490	492	492	495	496	498	498
Retained Earnings	-301	-296	-278	-273	-276	-268	-271	-164	-153	-149	-157
Treasury Stock	-20	-20	-20	-20	-20	-20	-20	-20	-20	-20	-20
Accumulated Other Comprehensive Income / (Loss)	-54	-48	-46	-49	-47	-49	-45	-37	-33	-32	-34
Noncontrolling Interest	-1.21	-1.23	-1.25	-1.26	-1.26	-1.26	-1.26	-1.26	-1.26	-1.26	-1.27

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	80,230,143.00	92,685,274.00	115,887,747.00	125,710,418.00	125,540,626.00	125,976,728.00	126,940,404.00	-	-	-	133,746,714.00
DEI Adjusted Shares Outstanding	80,230,143.00	92,685,274.00	115,887,747.00	125,710,418.00	125,540,626.00	125,976,728.00	126,940,404.00	-	-	-	133,746,714.00
DEI Earnings Per Adjusted Shares Outstanding	-1.57	-2.17	-0.34	-0.49	-1.17	-0.41	0.81	-	-	-	0.02
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.88%	9.26%	-41.44%	-22.54%	0.20%	-32.70%	2.80%	42.48%	13.20%	-4.34%	5.31%
EBITDA Growth	486.25%	-364.12%	519.05%	3.14%	-83.36%	430.64%	-67.52%	65.09%	45.28%	2.22%	-11.62%
EBIT Growth	-19.84%	-11.76%	108.02%	24.31%	-751.03%	94.24%	126.88%	1,530.37%	100.19%	4.98%	-22.76%
NOPAT Growth	-30.05%	36.15%	92.44%	247.76%	-1,148.06%	91.58%	-72.73%	238.59%	135.46%	445.97%	-95.54%
Net Income Growth	-25.00%	-91.37%	84.49%	-23.62%	-108.79%	38.36%	204.72%	-92.48%	230.39%	320.39%	-97.23%
EPS Growth	26.39%	-16.35%	81.62%	-47.06%	-134.00%	64.96%	300.00%	-92.68%	233.33%	310.00%	-97.56%
Operating Cash Flow Growth	81.33%	-71.75%	16.05%	-27.88%	93.69%	-14.76%	-93.95%	307.06%	270.34%	-47.98%	174.81%
Free Cash Flow Firm Growth	168.26%	-108.68%	258.95%	-336.69%	517.16%	-92.64%	-91.01%	-337.22%	423.13%	58.68%	-107.56%
Invested Capital Growth	-38.78%	-1.85%	-7.98%	20.05%	-73.87%	-21.09%	-7.07%	12.81%	-0.38%	58.92%	3.54%
Revenue Q/Q Growth	-4.90%	58.48%	-41.51%	-38.88%	-9.81%	344.22%	10.75%	6.61%	0.91%	-3.01%	1.97%
EBITDA Q/Q Growth	-78.25%	81.05%	164.69%	27.25%	-85.67%	197.70%	-76.68%	2.38%	-2.23%	13.07%	-14.98%
EBIT Q/Q Growth	-617.53%	57.64%	117.80%	249.55%	-439.09%	97.48%	-98.42%	1.85%	-3.03%	22.91%	-25.23%
NOPAT Q/Q Growth	-609.22%	76.08%	76.92%	96.57%	-1,305.45%	96.30%	-117.74%	9.23%	-6.73%	1,023.71%	-95.25%
Net Income Q/Q Growth	-67.59%	7.41%	72.62%	36.96%	-348.89%	46.11%	38.53%	-8.52%	-7.17%	6,407.21%	-97.55%
EPS Q/Q Growth	4.22%	46.06%	2.86%	39.02%	-457.14%	64.96%	17.14%	0.00%	-9.09%	4,000.00%	-97.80%
Operating Cash Flow Q/Q Growth	140.34%	-72.03%	-1.03%	58.49%	-29.80%	7.62%	-79.31%	-6.07%	58.34%	-26.61%	35.13%
Free Cash Flow Firm Q/Q Growth	205.44%	-115.64%	24.14%	-98.39%	5,312.20%	-10.02%	-99.33%	-340.46%	448.51%	3,645.85%	-108.90%
Invested Capital Q/Q Growth	-38.49%	-7.38%	-7.78%	1.26%	-74.03%	-73.99%	3.84%	8.21%	-5.99%	38.74%	-4.42%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	16.74%	11.24%	14.99%	26.90%	2.10%	17.88%	24.03%	27.65%	24.53%	29.32%	31.26%
EBITDA Margin	1.03%	-2.50%	17.89%	23.82%	3.96%	31.20%	9.86%	11.42%	14.66%	15.67%	13.15%
Operating Margin	-12.88%	-7.53%	-0.97%	1.85%	-19.38%	-2.42%	-4.07%	4.07%	7.18%	8.33%	8.78%
EBIT Margin	-13.03%	-13.33%	1.83%	2.93%	-19.04%	-1.63%	0.43%	4.88%	8.63%	9.47%	6.95%
Profit (Net Income) Margin	-18.53%	-32.46%	-8.60%	-13.72%	-28.60%	-26.19%	26.68%	1.41%	4.11%	18.07%	0.48%
Tax Burden Percent	103.82%	179.58%	141.19%	2,925.11%	125.28%	394.38%	-703.77%	69.82%	81.25%	376.73%	11.31%
Interest Burden Percent	136.99%	135.61%	-333.58%	-16.01%	119.89%	407.24%	-888.95%	41.36%	58.65%	50.65%	60.47%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	31.93%	19.62%	-295.31%	84.13%
Return on Invested Capital (ROIC)	-7.69%	-6.53%	-0.52%	0.73%	-11.07%	-2.51%	-5.10%	6.89%	15.34%	64.82%	2.31%
ROIC Less NNEP Spread (ROIC-NNEP)	-22.19%	-62.83%	-10.54%	-11.88%	-29.80%	-69.50%	81.62%	0.61%	5.80%	-20.75%	-2.85%
Return on Net Nonoperating Assets (RNNOA)	-28.24%	-93.57%	-16.00%	-23.84%	-56.43%	-82.09%	127.25%	0.71%	4.96%	-10.76%	-1.19%
Return on Equity (ROE)	-35.93%	-100.10%	-16.52%	-23.11%	-67.50%	-84.60%	122.15%	7.61%	20.30%	54.05%	1.12%
Cash Return on Invested Capital (CROIC)	40.41%	-4.66%	7.79%	-17.49%	106.06%	21.06%	2.22%	-5.15%	15.72%	19.30%	-1.17%
Operating Return on Assets (OROA)	-8.67%	-12.51%	1.01%	1.22%	-8.04%	-0.51%	0.22%	6.49%	11.84%	10.47%	6.84%
Return on Assets (ROA)	-12.33%	-30.47%	-4.74%	-5.71%	-12.08%	-8.23%	13.53%	1.87%	5.64%	19.98%	0.47%
Return on Common Equity (ROCE)	-18.59%	-58.37%	-9.69%	-13.25%	-29.49%	-8.95%	64.86%	7.70%	20.50%	54.39%	1.12%
Return on Equity Simple (ROE_SIMPLE)	-89.70%	-171.66%	-29.88%	-44.33%	-466.94%	1,026.28%	103.91%	7.24%	17.33%	42.53%	0.00%
Net Operating Profit after Tax (NOPAT)	-102	-65	-4.92	7.27	-76	-6.41	-11	15	36	197	8.79
NOPAT Margin	-9.02%	-5.27%	-0.68%	1.30%	-13.57%	-1.70%	-2.85%	2.77%	5.77%	32.91%	1.39%
Net Nonoperating Expense Percent (NNEP)	14.50%	56.30%	10.02%	12.61%	18.73%	66.99%	-86.72%	6.29%	9.54%	85.57%	5.17%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	5.84%	11.85%	45.54%	1.90%
Cost of Revenue to Revenue	83.26%	88.76%	85.01%	73.10%	73.02%	71.85%	75.97%	72.35%	69.97%	70.68%	68.74%
SG&A Expenses to Revenue	13.96%	8.78%	15.96%	16.59%	17.19%	20.31%	19.33%	16.62%	15.42%	15.02%	15.94%
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	29.63%	18.77%	15.96%	25.04%	46.36%	30.57%	28.11%	23.58%	22.86%	21.00%	22.48%
Earnings before Interest and Taxes (EBIT)	-147	-165	13	16	-107	-6.16	1.66	27	54	57	44
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	12	-31	129	133	22	118	38	63	92	94	83
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.58	1.99	2.38	1.22	7.16	0.00	3.62	4.14	3.96	1.85	4.42
Price to Tangible Book Value (P/TBV)	3.79	2.92	3.21	3.23	0.00	0.00	5.75	5.96	4.92	2.05	4.78
Price to Revenue (P/Rev)	0.53	0.38	0.68	0.38	0.44	0.29	0.93	0.80	0.94	0.79	1.99
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	3.49	56.77	22.80	4.36	417.04
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	28.66%	1.76%	4.39%	22.95%	0.24%
Enterprise Value to Invested Capital (EV/IC)	1.35	1.23	1.37	1.03	1.98	1.42	2.24	2.43	2.87	1.57	3.49
Enterprise Value to Revenue (EV/Rev)	1.20	0.99	1.72	2.01	1.00	0.84	1.21	1.03	1.08	0.98	2.14
Enterprise Value to EBITDA (EV/EBITDA)	116.15	0.00	9.61	8.44	25.39	2.71	12.24	9.06	7.35	6.23	16.26
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	94.13	68.60	0.00	0.00	282.92	21.20	12.48	10.31	30.77
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	154.98	0.00	0.00	0.00	37.31	18.67	2.97	153.40
Enterprise Value to Operating Cash Flow (EV/OCF)	6.89	21.91	19.24	24.17	6.25	4.15	100.61	30.19	9.61	16.02	13.44
Enterprise Value to Free Cash Flow (EV/FCFF)	2.54	0.00	16.82	0.00	0.77	5.94	97.03	0.00	18.22	9.96	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.56	1.56	1.79	2.61	1.26	2.81	1.54	1.47	1.07	0.71	0.64
Long-Term Debt to Equity	1.56	1.56	1.79	2.61	1.26	2.81	1.54	1.47	1.07	0.71	0.64
Financial Leverage	1.27	1.49	1.52	2.01	1.89	1.18	1.56	1.17	0.86	0.52	0.42
Leverage Ratio	2.91	3.29	3.48	4.05	5.59	10.28	9.03	4.06	3.60	2.71	2.39
Compound Leverage Factor	3.99	4.45	-11.62	-0.65	6.70	41.87	-80.24	1.68	2.11	1.37	1.45
Debt to Total Capital	60.90%	60.90%	64.11%	72.28%	55.69%	73.77%	60.65%	59.52%	51.67%	41.50%	39.10%
Short-Term Debt 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%
Long-Term Debt to Total Capital	60.90%	60.90%	64.11%	72.28%	55.69%	73.77%	60.65%	59.52%	51.67%	41.50%	39.10%
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	16.30%	16.30%	14.71%	12.35%	34.96%	29.78%	-0.46%	-0.47%	-0.41%	-0.29%	-0.27%
Common Equity to Total Capital	22.80%	22.80%	21.18%	15.37%	9.35%	-3.56%	39.80%	40.95%	48.74%	58.79%	61.17%
Debt to EBITDA	53.37	-20.21	4.87	6.11	9.21	1.70	3.97	2.48	1.72	1.91	2.19
Net Debt to EBITDA	50.24	-19.02	4.66	5.81	8.52	1.10	2.85	2.03	0.95	1.22	1.17
Long-Term Debt to EBITDA	53.37	-20.21	4.87	6.11	9.21	1.70	3.97	2.48	1.72	1.91	2.19
Debt to NOPAT	-6.12	-9.59	-128.10	112.25	-2.69	-31.20	-13.73	10.20	4.36	0.91	20.63
Net Debt to NOPAT	-5.76	-9.02	-122.74	106.73	-2.49	-20.27	-9.86	8.38	2.43	0.58	11.01
Long-Term Debt to NOPAT	-6.12	-9.59	-128.10	112.25	-2.69	-31.20	-13.73	10.20	4.36	0.91	20.63
Altman Z-Score	0.91	0.85	0.88	0.51	0.05	0.01	0.96	1.63	2.33	2.00	3.00
Noncontrolling Interest Sharing Ratio	48.27%	41.69%	41.36%	42.66%	56.31%	89.43%	46.90%	-1.16%	-0.98%	-0.63%	-0.47%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.36	2.36	1.95	2.00	1.86	1.17	2.17	1.92	2.24	2.19	2.02
Quick Ratio	1.23	1.23	0.98	1.17	0.67	0.16	1.26	1.15	1.30	1.15	1.10
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	535	-46	74	-175	730	54	4.83	-11	37	59	-4.44
Operating Cash Flow to CapEx	173.63%	314.24%	126.51%	33.09%	94.59%	0.00%	24.71%	49.43%	222.94%	63.22%	125.17%
Free Cash Flow to Firm to Interest Expense	9.83	-0.79	1.29	-9.19	34.33	2.84	0.29	-0.72	1.66	2.10	-0.26
Operating Cash Flow to Interest Expense	3.62	0.95	1.13	2.45	4.25	4.06	0.28	1.20	3.14	1.30	5.79
Operating Cash Flow Less CapEx to Interest Expense	1.53	0.65	0.24	-4.95	-0.24	4.42	-0.87	-1.22	1.73	-0.76	1.16
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.67	0.94	0.55	0.42	0.42	0.31	0.51	1.33	1.37	1.11	0.99
Accounts Receivable Turnover	6.62	10.80	5.60	3.38	3.76	4.31	5.00	5.01	5.19	5.53	6.17
Inventory Turnover	6.30	10.29	5.54	3.16	3.66	3.45	4.05	5.67	5.20	4.27	3.99
Fixed Asset Turnover	1.09	1.31	0.82	0.67	1.16	3.54	4.18	5.81	5.98	4.80	3.75
Accounts Payable Turnover	11.40	23.88	10.53	5.42	6.75	8.53	9.75	9.19	8.64	8.88	8.89
Days Sales Outstanding (DSO)	55.11	33.78	65.20	108.06	97.16	84.69	72.99	72.85	70.36	65.98	59.12
Days Inventory Outstanding (DIO)	57.89	35.48	65.90	115.44	99.77	105.66	90.19	64.39	70.24	85.44	91.49
Days Payable Outstanding (DPO)	32.03	15.28	34.66	67.36	54.04	42.80	37.44	39.70	42.24	41.12	41.08
Cash Conversion Cycle (CCC)	80.97	53.98	96.45	156.15	142.88	147.54	125.73	97.54	98.36	110.31	109.53
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,006	988	909	1,091	285	225	209	236	235	373	387
Invested Capital Turnover	0.85	1.24	0.76	0.56	0.82	1.48	1.79	2.49	2.66	1.97	1.66
Increase / (Decrease) in Invested Capital	-637	-19	-79	182	-806	-60	-16	27	-0.89	138	13
Enterprise Value (EV)	1,358	1,219	1,243	1,126	564	319	469	572	674	585	1,349
Market Capitalization	603	465	495	211	246	109	361	445	588	472	1,253
Book Value per Share	$2.91	$2.52	$1.80	$1.38	$0.27	($0.08)	$0.79	$0.84	$1.14	$1.93	$2.12
Tangible Book Value per Share	$1.98	$1.72	$1.33	$0.52	($0.09)	($0.41)	$0.49	$0.58	$0.92	$1.74	$1.96
Total Capital	1,024	1,024	982	1,128	367	271	250	263	305	433	464
Total Debt	624	624	630	816	205	200	152	156	158	180	181
Total Long-Term Debt	624	624	630	816	205	200	152	156	158	180	181
Net Debt	587	587	603	775	189	130	109	129	88	114	97
Capital Expenditures (CapEx)	113	18	51	141	95	-6.78	19	38	31	58	80
Debt-free, Cash-free Net Working Capital (DFCFNWC)	122	122	138	160	147	66	82	101	104	109	88
Debt-free Net Working Capital (DFNWC)	159	159	165	200	163	133	113	114	156	146	160
Net Working Capital (NWC)	159	159	165	200	163	133	113	114	156	146	160
Net Nonoperating Expense (NNE)	108	336	57	84	84	93	-115	7.54	10	89	5.79
Net Nonoperating Obligations (NNO)	606	587	556	778	122	154	111	129	88	120	104
Total Depreciation and Amortization (D&A)	159	134	116	117	129	124	37	36	38	37	39
Debt-free, Cash-free Net Working Capital to Revenue	10.83%	9.91%	19.12%	28.61%	26.23%	17.51%	21.04%	18.18%	16.54%	18.21%	13.87%
Debt-free Net Working Capital to Revenue	14.06%	12.87%	22.77%	35.77%	28.98%	35.34%	29.17%	20.64%	24.92%	24.42%	25.39%
Net Working Capital to Revenue	14.06%	12.87%	22.77%	35.77%	28.98%	35.34%	29.17%	20.64%	24.92%	24.42%	25.39%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.59)	($1.85)	($0.34)	($0.50)	($1.17)	($0.41)	$0.82	$0.06	$0.20	$0.83	$0.02
Adjusted Weighted Average Basic Shares Outstanding	79.17M	87.29M	114.50M	124.10M	125.60M	126.64M	126.60M	128.08M	129.57M	131.28M	133.20M
Adjusted Diluted Earnings per Share	($1.59)	($1.85)	($0.34)	($0.50)	($1.17)	($0.41)	$0.82	$0.06	$0.20	$0.82	$0.02
Adjusted Weighted Average Diluted Shares Outstanding	79.17M	87.29M	114.50M	124.10M	125.60M	126.64M	126.60M	129.78M	131.24M	132.23M	135.15M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($0.41)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	80.26M	115.63M	125.53M	125.63M	125.73M	125.84M	127.65M	128.66M	260.83M	132.39M	134.20M
Normalized Net Operating Profit after Tax (NOPAT)	22	21	-4.92	9.32	5.16	-6.02	-11	15	36	35	42
Normalized NOPAT Margin	1.95%	1.72%	-0.68%	1.66%	0.92%	-1.59%	-2.75%	2.66%	5.78%	5.84%	6.61%
Pre Tax Income Margin	-17.85%	-18.08%	-6.09%	-0.47%	-22.83%	-6.64%	-3.79%	2.02%	5.06%	4.80%	4.20%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-2.70	-2.81	0.23	0.86	-5.03	-0.33	0.10	1.71	2.42	2.03	2.53
NOPAT to Interest Expense	-1.87	-1.11	-0.09	0.38	-3.58	-0.34	-0.68	0.97	1.62	7.04	0.51
EBIT Less CapEx to Interest Expense	-4.79	-3.11	-0.66	-6.53	-9.51	0.03	-1.05	-0.72	1.01	-0.04	-2.10
NOPAT Less CapEx to Interest Expense	-3.95	-1.41	-0.98	-7.01	-8.07	0.02	-1.83	-1.45	0.21	4.98	-4.12
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	-0.77%	-1.26%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	-0.77%	-1.26%	0.00%	0.00%	0.00%	0.00%	0.00%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	133,072,970.00	133,279,724.00	133,746,714.00	134,198,072.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	133,072,970.00	133,279,724.00	133,746,714.00	134,198,072.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	0.09	0.03	-0.12	0.06
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.19%	3.85%	3.26%	-2.01%	-6.45%	-12.16%	4.09%	1.13%	8.14%	9.05%	-0.56%
EBITDA Growth	40.53%	-15.54%	-1.19%	-23.19%	-0.49%	95.19%	-11.23%	19.18%	3.69%	-65.68%	26.30%
EBIT Growth	102.03%	-45.25%	1.24%	-30.94%	2.59%	517.01%	-23.25%	26.61%	-0.94%	-117.14%	51.14%
NOPAT Growth	6,091.30%	-60.68%	-37.54%	-27.29%	-46.76%	9,641.26%	140.24%	3.41%	27.53%	-98.42%	-38.45%
Net Income Growth	2,017.19%	-104.46%	-84.83%	-58.02%	-155.31%	2,738.66%	342.51%	47.97%	238.46%	-116.07%	105.46%
EPS Growth	0.00%	-200.00%	-80.00%	-57.14%	-150.00%	2,666.67%	200.00%	33.33%	250.00%	-115.58%	100.00%
Operating Cash Flow Growth	551.47%	369.99%	-253.77%	-12.48%	42.19%	-70.15%	128.48%	94.65%	-17.63%	463.02%	-401.30%
Free Cash Flow Firm Growth	-40.50%	108.50%	37.18%	73.91%	37.51%	-1,465.34%	-786.99%	-1,763.85%	-780.11%	58.60%	90.52%
Invested Capital Growth	14.67%	-0.38%	8.05%	7.60%	7.68%	58.92%	51.15%	47.44%	50.30%	3.54%	5.12%
Revenue Q/Q Growth	-13.68%	1.10%	-1.41%	13.89%	-17.59%	-5.08%	16.83%	10.65%	-11.87%	-4.28%	6.53%
EBITDA Q/Q Growth	-39.92%	-47.86%	92.32%	27.49%	-22.17%	2.28%	-12.53%	71.17%	-32.29%	-66.14%	221.85%
EBIT Q/Q Growth	-54.29%	-83.44%	524.73%	46.02%	-32.10%	-0.38%	-22.29%	140.88%	-46.88%	-117.24%	785.17%
NOPAT Q/Q Growth	-52.79%	-86.46%	447.20%	107.82%	-65.43%	2,377.56%	-86.50%	-10.54%	-57.36%	-69.26%	425.03%
Net Income Q/Q Growth	-70.21%	-171.83%	123.50%	734.97%	-139.24%	3,526.38%	-96.06%	179.20%	-63.28%	-497.66%	150.40%
EPS Q/Q Growth	-71.43%	-175.00%	133.33%	500.00%	-133.33%	3,950.00%	-96.10%	166.67%	-62.50%	-500.00%	150.00%
Operating Cash Flow Q/Q Growth	-50.75%	35.07%	-173.20%	279.73%	-19.98%	-71.64%	-30.17%	1,128.28%	-66.14%	93.85%	-137.37%
Free Cash Flow Firm Q/Q Growth	0.07%	108.61%	-781.57%	55.52%	-139.36%	-88.17%	-342.78%	6.54%	-13.03%	91.15%	-1.44%
Invested Capital Q/Q Growth	-0.40%	-5.99%	14.56%	0.32%	-0.33%	38.74%	8.96%	-2.15%	1.61%	-4.42%	10.62%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.04%	19.75%	20.60%	25.16%	30.56%	43.14%	27.30%	27.75%	29.93%	41.04%	24.46%
EBITDA Margin	14.43%	7.44%	14.52%	16.25%	15.35%	16.54%	12.38%	19.15%	14.72%	5.21%	15.73%
Operating Margin	6.81%	1.06%	5.83%	12.28%	8.44%	5.95%	11.95%	13.22%	7.26%	1.71%	8.20%
EBIT Margin	8.16%	1.34%	8.47%	10.86%	8.94%	9.39%	6.24%	13.59%	8.19%	-1.48%	9.49%
Profit (Net Income) Margin	3.58%	-2.54%	0.61%	4.44%	-2.12%	76.37%	2.58%	6.50%	2.71%	-11.25%	5.32%
Tax Burden Percent	80.70%	107.22%	70.66%	61.22%	-39.57%	1,389.65%	79.61%	58.17%	51.22%	269.50%	71.78%
Interest Burden Percent	54.37%	-177.47%	10.13%	66.86%	59.79%	58.56%	51.85%	82.25%	64.57%	283.04%	78.17%
Effective Tax Rate	18.58%	0.00%	29.34%	38.78%	62.62%	-1,283.02%	20.39%	41.83%	48.78%	0.00%	28.22%
Return on Invested Capital (ROIC)	14.70%	1.97%	10.03%	18.11%	7.51%	162.13%	17.03%	13.97%	6.83%	1.98%	8.89%
ROIC Less NNEP Spread (ROIC-NNEP)	12.06%	-2.66%	5.89%	13.52%	0.80%	154.42%	8.59%	12.14%	5.44%	-14.29%	8.25%
Return on Net Nonoperating Assets (RNNOA)	11.17%	-2.27%	5.75%	10.72%	0.60%	80.10%	5.31%	6.16%	2.69%	-5.99%	4.11%
Return on Equity (ROE)	25.87%	-0.30%	15.78%	28.83%	8.11%	242.23%	22.34%	20.14%	9.52%	-4.00%	12.99%
Cash Return on Invested Capital (CROIC)	2.88%	15.72%	5.00%	2.00%	-0.64%	19.30%	22.80%	17.99%	14.80%	-1.17%	-1.95%
Operating Return on Assets (OROA)	11.43%	1.83%	11.53%	14.05%	11.35%	10.37%	6.84%	14.41%	8.77%	-1.45%	9.37%
Return on Assets (ROA)	5.01%	-3.49%	0.83%	5.75%	-2.68%	84.41%	2.82%	6.89%	2.90%	-11.09%	5.26%
Return on Common Equity (ROCE)	26.14%	-0.30%	15.93%	29.08%	8.17%	243.75%	22.47%	20.25%	9.58%	-4.02%	13.05%
Return on Equity Simple (ROE_SIMPLE)	19.49%	0.00%	14.00%	6.51%	1.06%	0.00%	40.81%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	8.39	1.14	6.22	13	4.47	111	15	13	5.70	1.75	9.20
NOPAT Margin	5.54%	0.74%	4.12%	7.52%	3.15%	82.33%	9.51%	7.69%	3.72%	1.19%	5.89%
Net Nonoperating Expense Percent (NNEP)	2.64%	4.63%	4.14%	4.59%	6.71%	7.71%	8.44%	1.83%	1.39%	16.28%	0.63%
Return On Investment Capital (ROIC_SIMPLE)	-	0.37%	-	-	-	25.57%	3.31%	2.84%	1.20%	0.38%	1.97%
Cost of Revenue to Revenue	69.30%	73.19%	73.60%	69.74%	69.44%	69.90%	66.54%	66.91%	70.07%	71.88%	69.66%
SG&A Expenses to Revenue	15.74%	15.24%	14.77%	12.88%	15.81%	17.20%	15.36%	14.53%	16.47%	17.68%	16.26%
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	23.89%	25.75%	20.57%	17.98%	22.13%	24.15%	21.51%	19.87%	22.66%	26.41%	22.13%
Earnings before Interest and Taxes (EBIT)	12	2.05	13	19	13	13	9.81	24	13	-2.16	15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	22	11	22	28	22	22	19	33	23	7.64	25
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.80	3.96	3.91	2.93	2.60	1.85	1.63	1.54	2.58	4.42	3.99
Price to Tangible Book Value (P/TBV)	7.36	4.92	4.83	3.55	3.12	2.05	1.79	1.67	2.79	4.78	4.29
Price to Revenue (P/Rev)	1.33	0.94	0.91	0.72	0.66	0.79	0.73	0.74	1.24	1.99	1.81
Price to Earnings (P/E)	29.76	22.80	27.89	44.98	244.15	4.36	3.99	3.89	6.27	417.04	157.16
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	3.36%	4.39%	3.59%	2.22%	0.41%	22.95%	25.05%	25.74%	15.95%	0.24%	0.64%
Enterprise Value to Invested Capital (EV/IC)	3.74	2.87	2.59	2.11	1.91	1.57	1.41	1.38	2.15	3.49	2.99
Enterprise Value to Revenue (EV/Rev)	1.50	1.08	1.11	0.91	0.83	0.98	0.95	0.90	1.40	2.14	2.03
Enterprise Value to EBITDA (EV/EBITDA)	9.94	7.35	7.63	6.85	6.19	6.23	6.27	5.67	8.90	16.26	14.50
Enterprise Value to EBIT (EV/EBIT)	16.75	12.48	12.88	12.41	11.14	10.31	10.66	9.34	14.82	30.77	26.14
Enterprise Value to NOPAT (EV/NOPAT)	24.11	18.67	21.13	23.42	29.30	2.97	2.67	2.91	4.69	153.40	100.57
Enterprise Value to Operating Cash Flow (EV/OCF)	21.06	9.61	14.73	12.97	10.33	16.02	10.56	7.05	11.69	13.44	15.10
Enterprise Value to Free Cash Flow (EV/FCFF)	138.38	18.22	53.82	109.29	0.00	9.96	7.43	9.13	17.42	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.12	1.07	1.23	1.17	1.16	0.71	0.66	0.62	0.61	0.64	0.64
Long-Term Debt to Equity	1.11	1.07	1.23	1.17	1.16	0.71	0.66	0.62	0.61	0.64	0.62
Financial Leverage	0.93	0.86	0.98	0.79	0.75	0.52	0.62	0.51	0.49	0.42	0.50
Leverage Ratio	3.65	3.60	3.53	3.34	3.28	2.71	2.65	2.58	2.56	2.39	2.29
Compound Leverage Factor	1.98	-6.39	0.36	2.23	1.96	1.58	1.37	2.13	1.66	6.77	1.79
Debt to Total Capital	52.92%	51.67%	55.11%	53.91%	53.63%	41.50%	39.86%	38.40%	37.98%	39.10%	38.90%
Short-Term Debt to Total Capital	0.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.27%
Long-Term Debt to Total Capital	52.28%	51.67%	55.11%	53.91%	53.63%	41.50%	39.86%	38.40%	37.98%	39.10%	37.63%
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	-0.42%	-0.41%	-0.39%	-0.38%	-0.38%	-0.29%	-0.28%	-0.27%	-0.26%	-0.27%	-0.27%
Common Equity to Total Capital	47.50%	48.74%	45.28%	46.46%	46.75%	58.79%	60.42%	61.87%	62.28%	61.17%	61.37%
Debt to EBITDA	1.69	1.72	1.96	2.16	2.17	1.91	1.97	1.87	1.85	2.19	2.06
Net Debt to EBITDA	1.15	0.95	1.34	1.40	1.30	1.22	1.42	1.06	1.06	1.17	1.53
Long-Term Debt to EBITDA	1.67	1.72	1.96	2.16	2.17	1.91	1.97	1.87	1.85	2.19	2.00
Debt to NOPAT	4.10	4.36	5.43	7.40	10.24	0.91	0.84	0.96	0.98	20.63	14.32
Net Debt to NOPAT	2.80	2.43	3.73	4.80	6.15	0.58	0.60	0.55	0.56	11.01	10.62
Long-Term Debt to NOPAT	4.05	4.36	5.43	7.40	10.24	0.91	0.84	0.96	0.98	20.63	13.85
Altman Z-Score	2.45	1.97	2.00	1.82	1.65	1.76	1.79	1.83	2.30	2.78	2.79
Noncontrolling Interest Sharing Ratio	-1.02%	-0.98%	-0.95%	-0.87%	-0.85%	-0.63%	-0.60%	-0.57%	-0.56%	-0.47%	-0.45%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.14	2.24	2.44	2.41	2.33	2.19	2.54	2.47	2.35	2.02	2.02
Quick Ratio	1.24	1.30	1.43	1.48	1.33	1.15	1.42	1.42	1.38	1.10	1.03
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-24	2.03	-14	-6.16	-15	-28	-123	-115	-130	-11	-12
Operating Cash Flow to CapEx	205.35%	988.74%	-88.70%	162.60%	161.69%	38.52%	22.14%	248.86%	104.60%	116.05%	-62.76%
Free Cash Flow to Firm to Interest Expense	-4.18	0.36	-1.21	-1.00	-2.89	-5.30	-25.99	-27.36	-29.16	-2.90	-3.60
Operating Cash Flow to Interest Expense	2.48	3.32	-1.20	4.01	3.90	1.08	0.83	11.52	3.68	8.01	-3.66
Operating Cash Flow Less CapEx to Interest Expense	1.27	2.99	-2.56	1.55	1.49	-1.72	-2.93	6.89	0.16	1.11	-9.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.40	1.37	1.36	1.29	1.27	1.11	1.10	1.06	1.07	0.99	0.99
Accounts Receivable Turnover	5.43	5.19	5.05	4.63	5.30	5.53	4.78	4.84	5.47	6.17	5.32
Inventory Turnover	5.29	5.20	5.00	5.44	4.65	4.27	4.15	4.32	4.15	3.99	3.87
Fixed Asset Turnover	6.17	5.98	5.77	5.43	5.25	4.80	4.61	4.28	4.09	3.75	3.57
Accounts Payable Turnover	8.98	8.64	9.20	8.40	8.94	8.88	9.42	7.86	9.11	8.89	9.39
Days Sales Outstanding (DSO)	67.21	70.36	72.31	78.87	68.82	65.98	76.38	75.47	66.78	59.12	68.55
Days Inventory Outstanding (DIO)	68.97	70.24	73.06	67.05	78.47	85.44	87.89	84.48	87.97	91.49	94.36
Days Payable Outstanding (DPO)	40.65	42.24	39.69	43.48	40.82	41.12	38.76	46.46	40.06	41.08	38.85
Cash Conversion Cycle (CCC)	95.53	98.36	105.68	102.44	106.47	110.31	125.52	113.49	114.70	109.53	124.06
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	250	235	269	270	269	373	407	398	405	387	428
Invested Capital Turnover	2.65	2.66	2.43	2.41	2.38	1.97	1.79	1.82	1.84	1.66	1.51
Increase / (Decrease) in Invested Capital	32	-0.89	20	19	19	138	138	128	135	13	21
Enterprise Value (EV)	934	674	698	569	514	585	573	549	868	1,349	1,277
Market Capitalization	827	588	576	454	407	472	445	447	766	1,253	1,143
Book Value per Share	$1.10	$1.14	$1.13	$1.18	$1.19	$1.93	$2.06	$2.19	$2.23	$2.12	$2.14
Tangible Book Value per Share	$0.87	$0.92	$0.91	$0.97	$0.99	$1.74	$1.88	$2.01	$2.06	$1.96	$1.98
Total Capital	300	305	326	333	335	433	452	470	476	464	467
Total Debt	159	158	179	180	180	180	180	181	181	181	182
Total Long-Term Debt	157	158	179	180	180	180	180	181	181	181	176
Net Debt	108	88	123	116	108	114	129	103	103	97	135
Capital Expenditures (CapEx)	6.81	1.91	16	15	12	15	18	19	16	27	19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	112	104	134	127	110	109	136	116	113	88	120
Debt-free Net Working Capital (DFNWC)	146	156	170	169	159	146	177	185	181	160	156
Net Working Capital (NWC)	144	156	170	169	159	146	177	185	181	160	150
Net Nonoperating Expense (NNE)	2.97	5.03	5.31	5.29	7.47	8.02	11	2.06	1.55	18	0.88
Net Nonoperating Obligations (NNO)	109	88	123	116	114	120	135	109	109	104	142
Total Depreciation and Amortization (D&A)	9.50	9.35	9.14	9.28	9.08	9.62	9.65	9.67	10.00	9.80	9.75
Debt-free, Cash-free Net Working Capital to Revenue	18.04%	16.54%	21.19%	20.16%	17.82%	18.21%	22.41%	19.19%	18.33%	13.87%	19.12%
Debt-free Net Working Capital to Revenue	23.49%	24.92%	26.88%	26.98%	25.76%	24.42%	29.19%	30.52%	29.19%	25.39%	24.76%
Net Working Capital to Revenue	23.19%	24.92%	26.88%	26.98%	25.76%	24.42%	29.19%	30.52%	29.19%	25.39%	23.82%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.04	($0.03)	$0.01	$0.06	($0.02)	$0.78	$0.03	$0.08	$0.03	($0.12)	$0.06
Adjusted Weighted Average Basic Shares Outstanding	129.78M	129.57M	130.45M	131.26M	131.58M	131.28M	132.35M	133.15M	133.42M	133.20M	134.50M
Adjusted Diluted Earnings per Share	$0.04	($0.03)	$0.01	$0.06	($0.02)	$0.77	$0.03	$0.08	$0.03	($0.12)	$0.06
Adjusted Weighted Average Diluted Shares Outstanding	132.09M	131.24M	132.12M	132.17M	132.03M	132.23M	133.76M	133.42M	134.84M	135.15M	137.32M
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	130.08M	260.83M	131.14M	131.45M	131.81M	132.39M	133.07M	133.28M	133.75M	134.20M	135.39M
Normalized Net Operating Profit after Tax (NOPAT)	8.39	1.14	6.22	13	8.45	5.60	15	13	5.70	4.24	9.20
Normalized NOPAT Margin	5.54%	0.74%	4.12%	7.52%	5.96%	4.17%	9.77%	7.72%	3.72%	2.89%	5.89%
Pre Tax Income Margin	4.43%	-2.37%	0.86%	7.26%	5.35%	5.50%	3.24%	11.18%	5.29%	-4.18%	7.42%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.19	0.36	1.11	3.02	2.49	2.41	2.08	5.63	2.82	-0.55	4.58
NOPAT to Interest Expense	1.49	0.20	0.54	2.09	0.88	21.17	3.16	3.19	1.28	0.44	2.84
EBIT Less CapEx to Interest Expense	0.98	0.02	-0.24	0.55	0.08	-0.38	-1.69	1.00	-0.70	-7.45	-1.26
NOPAT Less CapEx to Interest Expense	0.28	-0.14	-0.81	-0.38	-1.53	18.37	-0.60	-1.44	-2.24	-6.46	-2.99
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%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways from Tetra Technologies (NYSE: TTI) using the most recent four years of quarterly data, focusing on the latest four quarters of 2025 and surrounding periods. The company shows solid operating cash flow and growth in assets/equity, but profitability remains inconsistent on a quarterly basis.

Net cash from continuing operating activities in Q4 2025: $31,726,000, signaling positive operating cash flow this quarter.
Q2 2025 revenue was $173,872,000—the strongest quarterly revenue in 2025 to date.
Q3 2025 net income from continuing operations: $4,151,000, marking a profitable quarter on a trailing basis.
Total assets increased to $655,174,000 by Q3 2025, reflecting a growing asset base.
Total equity and noncontrolling interests stood at about $295,425,000 in Q3 2025, indicating a solid equity base.

Across 2025, quarterly revenue generally trended in the mid-$150M range, with Q2 2025 being the peak and subsequent quarters showing some moderation.
Cash balance (Cash & Equivalents) around $67.15M observed in Q3 2025, suggesting moderate liquidity alongside growing assets.

Q4 2025 consolidated net income attributable to common shareholders: -$16,507,000, indicating a quarterly loss.
Long-term debt remained sizable at $180,924,000 as of Q3 2025, contributing to leverage concerns.
Net cash from continuing investing activities in Q4 2025 was -$27,346,000, reflecting ongoing capital expenditures and investments.

05/11/26 10:08 PM ETAI Generated. May Contain Errors.

Tetra Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Tetra Technologies' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Tetra Technologies' net income appears to be on a downward trend, with a most recent value of $3.00 million in 2025, falling from -$209.47 million in 2015. The previous period was $108.28 million in 2024. Check out Tetra Technologies' forecast to explore projected trends and price targets.

Tetra Technologies' total operating income in 2025 was $55.39 million, based on the following breakdown:

Total Gross Profit: $197.21 million
Total Operating Expenses: $141.82 million

Over the last 10 years, Tetra Technologies' total revenue changed from $1.13 billion in 2015 to $630.93 million in 2025, a change of -44.2%.

Tetra Technologies' total liabilities were at $393.27 million at the end of 2025, a 11.8% increase from 2024, and a 56.1% decrease since 2015.

In the past 10 years, Tetra Technologies' cash and equivalents has ranged from $13.59 million in 2022 to $72.63 million in 2025, and is currently $72.63 million as of their latest financial filing in 2025.

Over the last 10 years, Tetra Technologies' book value per share changed from 2.91 in 2015 to 2.12 in 2025, a change of -27.1%.

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Financial statements for NYSE:TTI last updated on 5/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Tetra Technologies (TTI) Financials

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Tetra Technologies (TTI) Financials

Annual Income Statements for Tetra Technologies

Quarterly Income Statements for Tetra Technologies

Annual Cash Flow Statements for Tetra Technologies

Quarterly Cash Flow Statements for Tetra Technologies

Annual Balance Sheets for Tetra Technologies

Quarterly Balance Sheets for Tetra Technologies

Annual Metrics And Ratios for Tetra Technologies

Quarterly Metrics And Ratios for Tetra Technologies

Financials Breakdown Chart

Key Financial Trends

Tetra Technologies Financials - Frequently Asked Questions

When does Tetra Technologies' financial year end?

How has Tetra Technologies' net income changed over the last 10 years?

What is Tetra Technologies' operating income?

How has Tetra Technologies' revenue changed over the last 10 years?

How much debt does Tetra Technologies have?

How much cash does Tetra Technologies have?

How has Tetra Technologies' book value per share changed over the last 10 years?

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