# Acuren (TIC.US)

Canonical: https://gigainvestors.com/s/TIC

Analysis as of: 2026-10-16T07:32:23.415Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $8.67 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Andreas Halvorsen](https://gigainvestors.com/vg): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 35% since Sep 2025

Story as of 2026-10-16T10:01:28.932Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in specialty business services; annual sales are USD 1.5 billion.

- Source: https://www.sec.gov/Archives/edgar/data/2032966/000162828026017015/tic-20251231.htm (filed 2026-03-12); FY2025: revenue 1530296000; grossProfit 449359000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-15); TIC.US: TIC Solutions, Inc. provides critical asset integrity services in North America. The company offers testing, inspection, certification, and compliance (TICC) services, including various nondestructive testing (NDT) techniques, such as radiography, ultrasonic testing, magnetic particle inspection, penetrant testing, and visual inspection. Its NDT activities include inspection and evaluation of industrial equipment through various technology-enabled methods to ensure asset integrity, prevent costly outages, failures, and accidents, and meet regulatory requirements without damaging the asset or component. It also provides market rope access technician solutions, including inspection and testing, as well as insulation, coatings and blasting, welding, pipe fitting, hoisting and rigging, and electrical services. In addition, its TICC services include support from consulting engineers with destructive testing, support failure investigation, material selection, corrosion engineering, welding engineering, fracture mechanics, destructive testing, and chemical analysis. Further, it offers geospatial services, such as data collection, data analytics, and software solutions that support asset management and infrastructure planning. The company serves a range of industrial markets, such as chemical, pipeline, refinery, power generation, oilsands, automotive, aerospace, mining, manufacturing, renewable energy, and pulp and paper. TIC Solutions, Inc. was formerly known as Acuren Corporation and changed its name to TIC Solutions, Inc. in October 2025. The company was founded in 1974 and is headquartered in Hollywood, Florida.

### Why customers stay

Margins ranged from 22.8% to 29.4% during 2023–25.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-12); FY2023: grossProfit / revenue = 22.8%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-12); FY2024: grossProfit / revenue = 24.2%.

- Source: https://www.sec.gov/Archives/edgar/data/2032966/000162828026017015/tic-20251231.htm (filed 2026-03-12); FY2025: grossProfit / revenue = 29.4%.

### Where the cash goes

Paid dividends in 1 of 3 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-12); FY2023: growth capex 0; upkeep 22141000; owner earnings 66388000. Growth capex / owner earnings = 0.

- Source: https://www.sec.gov/Archives/edgar/data/2032966/000162828026017015/tic-20251231.htm (filed 2026-03-12); FY2025: growth capex 0; upkeep 33758000; owner earnings 57456000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-12); Dividend observations: [[2023,150000000],[2024,0],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 11.4% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-15); TIC.US SharesStats.PercentInsiders = 11.434 percentage points; cache date 2026-10-15.

### What the price says

The price is 1.2 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-12); Closing price 8.67 USD; reporting-to-trading FX 1; FY2025 annual sales per share 6.9405869149434585; price multiple 1.2491738964226529. FY2025 cash earnings/share 0.26058903753586976. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2025-02: $12.36 per share

- 2025-03: $11.12 per share

- 2025-04: $10.22 per share

- 2025-05: $10.50 per share

- 2025-06: $11.04 per share

- 2025-07: $11.09 per share

- 2025-08: $11.27 per share

- 2025-09: $13.31 per share

- 2025-10: $12.13 per share

- 2025-11: $9.72 per share

- 2025-12: $10.11 per share

- 2026-01: $10.10 per share

- 2026-02: $9.47 per share

- 2026-03: $6.58 per share

- 2026-04: $9.14 per share

- 2026-05: $8.17 per share

- 2026-06: $8.09 per share

- 2026-07: $7.31 per share

- 2026-08: $9.49 per share

- 2026-09: $8.32 per share

- 2026-10: $8.67 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/2032966/000162828026017015/tic-20251231.htm); period 2025-12-31, filed 2026-03-12.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.