A Business at a Glance
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TETRA TECHNOLOGIES INC
TTI
$1.2B
Mkt Cap
$8.31
-2.58%
TETRA TECHNOLOGIES INC (TTI) has a current P/E ratio of 415.5, compared to its historical median P/E of 13.5. The stock is currently considered Expensive based on its historical valuation range.
TETRA TECHNOLOGIES INC (TTI) has a 5-year average return on invested capital (ROIC) of 11.8%. This indicates solid capital allocation.
TETRA TECHNOLOGIES INC (TTI) has a market capitalization of $1.1B. It is classified as a small-cap stock.
TETRA TECHNOLOGIES INC (TTI) does not currently pay a regular dividend.
Based on historical P/E analysis, TETRA TECHNOLOGIES INC (TTI) appears expensive. The current P/E of 415.5 is 2983% above its historical median of 13.5. The estimated fair value CAGR (P/E method) is -3.9%.
TETRA TECHNOLOGIES INC (TTI) operates in the Crude Petroleum & Natural Gas industry, within the Energy sector.
TETRA TECHNOLOGIES INC (TTI) reported annual revenue of $-17 million in its most recent fiscal year, based on SEC EDGAR filings.
The financial statements presented in this Annual Report are the consolidated financial statements of TETRA Technologies, Inc., a Delaware corporation and its subsidiaries. When the terms “TETRA,” “the Company,” “we,” “us,” or “our” are used in this document, those terms refer to TETRA Technologies, Inc. and its consolidated subsidiaries. TETRA is a Delaware corporation incorporated in 1981. Our corporate headquarters are located at 10000 Energy Drive, Spring, Texas, 77389. Our phone number is 281-367-1983 and our website is www.onetetra.com. Our common stock is traded on the New York Stock Exchange (the “NYSE”) under the symbol “TTI.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 630M | -17M | - | -22M | -16M | - |
| Net Income | 7.3M | 3.0M | 108M | 26M | 7.8M | 103M |
| EPS | $0.05 | $0.02 | $0.82 | $0.20 | $0.06 | $0.82 |
| Free Cash Flow | 2.7M | 20M | -24M | 32M | -21M | -16M |
| ROIC | 0.0% | 6.4% | 15.2% | 17.4% | 8.1% | - |
| Gross Margin | 24.0% | -900.0% | - | -687.5% | -764.9% | - |
| Debt/Equity | 0.63 | 0.65 | 0.72 | 1.07 | 1.47 | 1.52 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 0 | 43M | 50M | 55M | 28M | - |
| Operating Margin | 0.0% | -246.0% | - | -245.8% | -178.3% | - |
| ROE | 2.5% | 1.1% | 53.7% | 20.1% | 7.6% | 229.5% |
| Shares Outstanding | 135M | 150M | 132M | 129M | 131M | 126M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.1B | 1.1B | 695M | 820M | N/A | N/A | N/A | N/A | -16M | -22M | N/A | -17M | 630M |
| Gross Margin | 8.8% | 8.3% | 8.8% | 13.2% | N/A | N/A | N/A | N/A | -764.9% | -687.5% | N/A | -900.0% | 24.0% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 143M | 158M | 108M | 115M | 93M | 96M | 77M | 75M | 92M | 97M | 90M | 101M | 102M |
| EBIT | -125M | -64M | -101M | 20M | -46M | -123M | -30M | N/A | 28M | 55M | 50M | 43M | 0 |
| Op. Margin | -11.6% | -5.7% | -14.5% | 2.4% | N/A | N/A | N/A | N/A | -178.3% | -245.8% | N/A | -246.0% | 0.0% |
| Net Income | -170M | -126M | -161M | -39M | -62M | -147M | -51M | 103M | 7.8M | 26M | 108M | 3.0M | 7.3M |
| Net Margin | -15.7% | -11.2% | -23.2% | -4.8% | N/A | N/A | N/A | N/A | -49.5% | -115.4% | N/A | -17.3% | 1.2% |
| Non-Recurring | 64M | 181M | 109M | 0 | 512K | 27M | 2.9M | 1.0M | 2.8M | 3.0M | 447K | 4.5M | 4.5M |
| Returns on Capital | |||||||||||||
| ROIC | -15.7% | -10.9% | -16.5% | 2.1% | -6.7% | -24.0% | -23.8% | N/A | 8.1% | 17.4% | 15.2% | 6.4% | 0.0% |
| ROE | -36.7% | -41.3% | -68.0% | -17.7% | -32.3% | -141.9% | -413.6% | 229.5% | 7.6% | 20.1% | 53.7% | 1.1% | 2.5% |
| ROA | -10.4% | -6.8% | -10.9% | -3.0% | -4.6% | -11.1% | -4.3% | 13.5% | 1.9% | 5.6% | 20.0% | 0.5% | 1.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 109M | 197M | 56M | 65M | 47M | 90M | 77M | 4.7M | 19M | 70M | 37M | 100M | 85M |
| Free Cash Flow | -23M | 76M | 35M | 13M | -95M | -18M | 48M | -16M | -21M | 32M | -24M | 20M | 2.7M |
| Owner Earnings | -15M | 25M | -88M | -59M | -78M | -42M | -48M | -34M | -21M | 25M | -5.8M | 56M | 40M |
| CapEx | 132M | 121M | 21M | 52M | 142M | 108M | 29M | 21M | 40M | 38M | 61M | 81M | 82M |
| Maint. CapEx | 117M | 155M | 130M | 116M | 117M | 124M | 119M | 34M | 33M | 34M | 36M | 37M | 37M |
| Growth CapEx | 15M | 0 | 0 | 0 | 25M | 0 | 0 | 0 | 7.2M | 3.8M | 25M | 44M | 45M |
| D&A | 117M | 155M | 130M | 116M | 117M | 124M | 119M | 34M | 33M | 34M | 36M | 37M | 37M |
| CapEx/OCF | 121.1% | 61.5% | 37.8% | 80.4% | 304.7% | 120.0% | 38.2% | 440.9% | 211.3% | 54.3% | 166.2% | 80.5% | 96.8% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 6.8M | 17M | 14M | 7.7M | 7.4M | 8.1M | 6.6M | 4.7M | 6.9M | 11M | 6.6M | 7.1M | 7.0M |
| Debt Repayment | 290M | 598M | 690M | 384M | 582M | 258M | 488M | 50M | 12M | 100M | 164M | 390K | 390K |
| Balance Sheet | |||||||||||||
| Net Debt | 887M | 1.1B | 594M | 804M | 776M | 189M | 133M | 120M | 144M | 106M | 147M | 113M | 146M |
| Cash & Equiv. | 48M | 23M | 30M | 26M | 40M | 15M | 67M | 32M | 14M | 52M | 37M | 73M | 35M |
| Long-Term Debt | 845M | 853M | 624M | 630M | 816M | 205M | 200M | 152M | 156M | 158M | 180M | 181M | 176M |
| Debt/Equity | 2.53 | 4.47 | 2.67 | 3.99 | 4.70 | 5.95 | -20.74 | 1.52 | 1.47 | 1.07 | 0.72 | 0.65 | 0.63 |
| Interest Coverage | -3.6 | -1.2 | -1.7 | 0.3 | -2.3 | -5.6 | -1.6 | N/A | 1.7 | 2.4 | 2.2 | 2.5 | 2.5 |
| Equity | 370M | 241M | 234M | 208M | 173M | 34M | -9.6M | 100M | 108M | 149M | 255M | 284M | 287M |
| Total Assets | 2.1B | 1.6B | 1.3B | 1.3B | 1.4B | 1.3B | 1.1B | 398M | 434M | 479M | 605M | 676M | 662M |
| Total Liabilities | 1.3B | 1.1B | 915M | 956M | 1.1B | 1.1B | 1.1B | 300M | 328M | 332M | 352M | 393M | -13M |
| Intangibles | 107M | 86M | 68M | 47M | 82M | 46M | 41M | 37M | 33M | 29M | 25M | 21M | 21M |
| Retained Earnings | 170M | 44M | -117M | -156M | -218M | -363M | -414M | -310M | -302M | -277M | -168M | -165M | -157M |
| Working Capital | 122M | 169M | 159M | 165M | 200M | 163M | 133M | 113M | 114M | 156M | 146M | 160M | 150M |
| Current Assets | 500M | 354M | 276M | 338M | 401M | 351M | 932M | 210M | 238M | 282M | 270M | 317M | 297M |
| Current Liabilities | 378M | 185M | 117M | 174M | 200M | 189M | 798M | 97M | 124M | 126M | 123M | 156M | 147M |
| Per Share Data | |||||||||||||
| EPS | -2.16 | -1.59 | -1.85 | -0.34 | -0.50 | -1.17 | -0.41 | 0.82 | 0.06 | 0.20 | 0.82 | 0.02 | 0.05 |
| Owner EPS | -0.19 | 0.32 | -1.00 | -0.52 | -0.63 | -0.33 | -0.39 | -0.27 | -0.16 | 0.20 | -0.04 | 0.37 | 0.30 |
| Book Value | 4.71 | 3.04 | 2.68 | 1.81 | 1.41 | 0.27 | -0.08 | 0.79 | 0.82 | 1.15 | 1.93 | 1.89 | 2.12 |
| Cash Flow/Share | 1.38 | 2.48 | 0.64 | 0.56 | 0.38 | 0.72 | 0.62 | 0.04 | 0.15 | 0.54 | 0.28 | 0.67 | 0.33 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 78.6M | 79.4M | 87.3M | 114.8M | 123.2M | 126.0M | 124.7M | 126.0M | 130.7M | 128.9M | 132.1M | 150.3M | 135.3M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.4 | 55.7 | 22.8 | 4.2 | 467.0 | 158.6 |
| P/FCF | N/A | 7.5 | 12.0 | 39.1 | N/A | N/A | 2.3 | N/A | N/A | 18.3 | N/A | 71.8 | 418.7 |
| EV/EBIT | N/A | N/A | N/A | 56.6 | N/A | N/A | N/A | 25.0 | 126.7 | 70.1 | 11.3 | 26.0 | N/A |
| Price/Book | 1.3 | 2.4 | 1.8 | 2.4 | 1.1 | 6.9 | N/A | 3.5 | 4.1 | 3.9 | 1.8 | 4.9 | 3.9 |
| Price/Sales | 1.1 | 0.7 | 1.1 | 0.5 | 0.5 | 0.4 | 0.2 | 0.9 | 0.9 | 0.9 | 0.8 | 1.1 | 1.8 |
| FCF Yield | -4.6% | 13.4% | 8.3% | 2.6% | -48.4% | -7.6% | 43.3% | -4.6% | -4.8% | 5.5% | -5.3% | 1.4% | 0.2% |
| Market Cap | 499M | 570M | 416M | 495M | 197M | 238M | 110M | 348M | 436M | 587M | 456M | 1.4B | 1.1B |
| Avg. Price | 10.28 | 6.29 | 5.64 | 3.39 | 3.85 | 1.91 | 0.73 | 2.91 | 3.84 | 4.14 | 3.73 | 4.68 | 8.31 |
| Year-End Price | 6.35 | 7.19 | 4.76 | 4.31 | 1.60 | 1.89 | 0.88 | 2.76 | 3.34 | 4.55 | 3.45 | 9.34 | 8.31 |
TETRA TECHNOLOGIES INC passes 2 of 9 quality checks, indicating weak fundamentals.
TETRA TECHNOLOGIES INC trades at 415.5x trailing earnings, compared to its 15-year median P/E of 13.5x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 57.1x vs a median of 18.3x. The company's 5-year average ROIC is 11.8%. At current prices, the estimated annualized return to fair value is -16.6%.
TETRA TECHNOLOGIES INC (TTI) has a net profit margin of -17.3%. The company is currently unprofitable.
TETRA TECHNOLOGIES INC (TTI) generated $20 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
TETRA TECHNOLOGIES INC (TTI) has a debt-to-equity ratio of 0.65. This indicates moderate leverage.
TETRA TECHNOLOGIES INC (TTI) reported earnings per share (EPS) of $0.02 in its most recent fiscal year.
TETRA TECHNOLOGIES INC (TTI) has a return on equity (ROE) of 1.1%. This indicates moderate shareholder returns.
TETRA TECHNOLOGIES INC (TTI) has a 5-year average gross margin of -784.1%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for TETRA TECHNOLOGIES INC (TTI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TETRA TECHNOLOGIES INC (TTI) has a book value per share of $1.89, based on its most recent annual SEC filing.