TISI (TISI) financial statements
TISI reported revenue of $896M in fiscal 2025, down 3.2% a year over 9 years.
Net income was -$49M and the operating margin 1.6%, against -0.3% in 2016.
Free cash flow was -$21M.
The diluted share count rose 60% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TISI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.2B | $1.2B | $853M | $794M | $840M | $863M | $852M | $896M |
| Cost of revenue | $868M | $890M | $919M | $836M | $614M | $617M | $639M | $651M | $629M | $665M |
| Gross profit | $329M | $310M | $328M | $328M | $239M | $178M | $202M | $211M | $223M | $232M |
| Selling, general and admin | $324M | $348M | $361M | $328M | $261M | $246M | $241M | $224M | $213M | $218M |
| Operating income | -$3M | -$115M | -$39M | -$2M | -$217M | -$127M | -$40M | -$13M | $10M | $14M |
| Interest expense | $13M | $21M | $31M | $30M | $30M | $46M | $85M | $55M | $48M | $45M |
| Pre-tax income | -$16M | -$138M | -$94M | -$33M | -$252M | -$176M | -$147M | -$71M | -$35M | -$47M |
| Income tax | -$3M | -$53M | -$31M | -$436,000 | -$15M | $9M | $3M | $5M | $3M | $3M |
| Net income | -$13M | -$84M | -$63M | -$32M | -$237M | -$186M | $70M | -$76M | -$38M | -$49M |
| EPS (diluted) | -$4.50 | -$28.30 | -$21.00 | -$10.70 | -$77.40 | -$60.05 | $16.73 | -$17.32 | -$8.64 | -$11.70 |
| Diluted shares | 3M | 3M | 3M | 3M | 3M | 3M | 4M | 4M | 4M | 5M |
| Gross margin | 27.5% | 25.8% | 26.3% | 28.2% | 28.0% | 22.4% | 24.0% | 24.5% | 26.2% | 25.8% |
| Operating margin | -0.3% | -9.6% | -3.1% | -0.2% | -25.5% | -16.0% | -4.7% | -1.5% | 1.2% | 1.6% |
| Net margin | -1.1% | -7.0% | -5.1% | -2.8% | -27.8% | -23.4% | 8.3% | -8.8% | -4.5% | -5.5% |
Balance sheet
Fiscal years, from TISI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $46M | $27M | $18M | $12M | $25M | $55M | $58M | $35M | $36M | $18M |
| Receivables | $263M | $302M | $268M | $246M | $194M | $168M | $187M | $181M | $173M | $178M |
| Inventory | $50M | $50M | $49M | $39M | $37M | $35M | $36M | $39M | $38M | $41M |
| Total current assets | $401M | $397M | $355M | $318M | $284M | $402M | $348M | $322M | $305M | $266M |
| Property, plant and equipment | $203M | $203M | $195M | $192M | $170M | $145M | $138M | $127M | $113M | $111M |
| Goodwill | $356M | $285M | $282M | $282M | $91M | $25M | $0 | — | — | — |
| Total assets | $1.1B | $1.1B | $978M | $985M | $731M | $707M | $617M | $566M | $528M | $485M |
| Total current liabilities | $148M | $148M | $140M | $151M | $133M | $188M | $449M | $175M | $171M | $120M |
| Long-term debt | $347M | $388M | $357M | $325M | $312M | $405M | $5M | $306M | $319M | $293M |
| Total liabilities | $612M | $579M | $521M | $549M | $516M | $655M | $499M | $520M | $527M | $458M |
| Shareholders' equity | $536M | $477M | $457M | $437M | $215M | $52M | $118M | $46M | $2M | -$24M |
| Net debt | $321M | $361M | $339M | $313M | $288M | $350M | -$53M | $271M | $283M | $275M |
Cash flow
Fiscal years, from TISI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $80M | -$14M | $42M | $59M | $53M | -$35M | -$58M | -$11M | $23M | -$11M |
| Capital spending | $46M | $37M | $27M | $29M | $20M | $18M | $25M | $10M | $9M | $9M |
| Free cash flow | $34M | -$51M | $15M | $30M | $33M | -$53M | -$83M | -$21M | $13M | -$21M |
| Stock-based compensation | $7M | $8M | $12M | $10M | $6M | $7M | $247,000 | $2M | $2M | $795,000 |
| Share buybacks (net) | -$8M | $0 | $0 | — | — | — | — | — | — | — |
| Net borrowing | — | — | — | — | -$129M | — | — | — | — | — |
| Free cash flow margin | 2.8% | -4.2% | 1.2% | 2.6% | 3.8% | -6.7% | -9.8% | -2.5% | 1.6% | -2.3% |
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Open TISI in InvestinglyQuestions
What was TISI's revenue in 2025?
$896M in fiscal 2025, from its 10-K filing.
How much free cash flow does TISI generate?
-$21M in fiscal 2025 (operating cash flow minus capital spending).
From TISI's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.