Tetra Technologies (TTI) financial statements
Tetra Technologies reported revenue of $631M in fiscal 2025, up 0.2% a year over 9 years.
Net income was $3M.
Free cash flow was $20M.
The diluted share count rose 55% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Tetra Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $617M | $723M | $560M | $561M | $378M | $388M | $553M | $626M | $599M | $631M |
| Cost of revenue | $557M | $615M | $836M | $946M | — | — | $400M | $438M | $423M | $434M |
| Gross profit | $61M | $108M | $103M | $12M | $68M | $59M | $121M | $154M | $140M | $156M |
| Selling, general and admin | $108M | $115M | $93M | $96M | $77M | $75M | $92M | $97M | $90M | $101M |
| Operating income | — | — | $103M | $12M | $68M | $59M | $121M | $45M | $50M | $55M |
| Interest expense | $59M | $57M | $71M | $22M | $19M | $17M | $17M | $23M | — | — |
| Pre-tax income | -$223M | -$44M | -$3M | -$128M | -$25M | -$15M | $11M | $32M | $29M | $27M |
| Income tax | $2M | $751,000 | -$4M | $3M | $2M | $2M | $4M | $6M | -$85M | $22M |
| Net income | -$161M | -$39M | -$62M | -$147M | -$51M | $103M | $8M | $26M | $108M | $3M |
| EPS (diluted) | -$1.85 | -$0.34 | -$0.50 | -$1.17 | -$0.41 | $0.82 | $0.06 | $0.20 | $0.82 | $0.02 |
| Diluted shares | 87M | 114M | 124M | 126M | 126M | 127M | 130M | 131M | 132M | 135M |
| Gross margin | 9.9% | 15.0% | 18.4% | 2.1% | 17.9% | 15.3% | 21.9% | 24.5% | 23.3% | 24.7% |
| Operating margin | — | — | 18.4% | 2.1% | 17.9% | 15.3% | 21.9% | 7.2% | 8.3% | 8.8% |
| Net margin | -26.2% | -5.4% | -11.0% | -26.3% | -13.5% | 26.6% | 1.4% | 4.1% | 18.1% | 0.5% |
Balance sheet
Fiscal years, from Tetra Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $30M | $26M | $40M | $15M | $67M | $32M | $14M | $52M | $37M | $73M |
| Receivables | $114M | $144M | $188M | $111M | $64M | $91M | $130M | $112M | $105M | $100M |
| Inventory | $107M | $115M | $144M | $80M | $77M | $69M | $72M | $97M | $102M | $116M |
| Total current assets | $276M | $338M | $401M | $351M | $932M | $210M | $238M | $282M | $270M | $317M |
| Property, plant and equipment | $945M | $809M | $854M | $116M | $97M | $89M | $102M | $108M | $142M | $194M |
| Goodwill | $7M | $7M | $26M | $0 | — | — | — | — | — | — |
| Total assets | $1.3B | $1.3B | $1.4B | $1.3B | $1.1B | $398M | $434M | $479M | $605M | $676M |
| Total current liabilities | $117M | $174M | $200M | $189M | $798M | $97M | $124M | $126M | $123M | $161M |
| Long-term debt | $624M | $630M | $816M | $205M | $200M | $152M | $156M | $158M | $180M | $177M |
| Total liabilities | $915M | $956M | $1.1B | $1.1B | $1.1B | $300M | $328M | $332M | $352M | $393M |
| Shareholders' equity | $234M | $208M | $173M | $34M | -$10M | $100M | $108M | $149M | $255M | $284M |
| Net debt | $594M | $604M | $776M | $189M | $133M | $120M | $143M | $105M | $143M | $104M |
Cash flow
Fiscal years, from Tetra Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $56M | $65M | $47M | $90M | $77M | $5M | $19M | $70M | $37M | $100M |
| Capital spending | $21M | $52M | $142M | $108M | $29M | $21M | $40M | $38M | $61M | $81M |
| Free cash flow | $35M | $13M | -$95M | -$18M | $48M | -$16M | -$21M | $32M | -$24M | $20M |
| Stock-based compensation | $14M | $8M | $7M | $8M | $7M | $5M | $7M | $11M | $7M | $7M |
| Net borrowing | -$231M | $450,000 | $186M | $24M | -$10M | -$49M | $1M | -$3M | $21M | $0 |
| Free cash flow margin | 5.6% | 1.8% | -17.0% | -3.2% | 12.6% | -4.1% | -3.8% | 5.1% | -4.0% | 3.1% |
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Open TTI in InvestinglyQuestions
What was Tetra Technologies's revenue in 2025?
$631M in fiscal 2025, from its 10-K filing.
How much free cash flow does Tetra Technologies generate?
$20M in fiscal 2025 (operating cash flow minus capital spending).
From Tetra Technologies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.