TEAM INC TISI
Introduction. Unless otherwise indicated, the terms "Team," "the Company," "we," "our" and "us" are used in this report to refer to either Team, Inc., to one or more of our consolidated subsidiaries, or to all of them taken as a whole. Our stock is traded on the NYSE under the symbol "TISI".
We are a global, leading provider of specialty industrial services offering customers access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services. We deploy conventional to highly specialized inspection, condition assessment, maintenance and repair services that result in greater safety, reliability and operational efficiency for our customers' most critical assets. We conduct operations in two segments: Inspection and Heat-Treating ("IHT") and Mechanical Services ("MS"). Through the capabilities and resources in these two segments, we believe that we are uniquely qualified to provide integrated solutions involving: inspection to assess condition; engineering assessment to determine fitness for purpose in the context of industry standards and regulatory codes; and mechanical services to repair, rerate or replace based upon the customer's election. In addition, we are capable of escalating with the customer's needs, as dictated by the severity of the damage found and the related operating conditions, from standard services to some of the most advanced services and integrated asset integrity and reliability management solutions available in the industry. We also believe that we are unique in our ability to provide these services in three distinct customer demand profiles: (i) turnaround or project services, (ii) call-out services, and (iii) nested or run-and-maintain services.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Other countries
- Canada
| Region | FY2025 | FY2024 |
|---|---|---|
| United States | $680.7M | $637.7M |
| Other countries | $139.0M | $147.7M |
| Canada | $76.8M | $66.9M |
As the company reported it, from the “SEGMENT AND GEOGRAPHIC DISCLOSURES - Summary of Geographic Breakdown of Revenues and Long-Lived Assets (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Revenue by segment
- IHT
- MS
| Segment | FY2025 | FY2024 |
|---|---|---|
| IHT | $458.9M | $426.7M |
| MS | $437.6M | $425.6M |
As the company reported it, from the “SEGMENT AND GEOGRAPHIC DISCLOSURES - Summary of Segment Data for Two Operating Segments (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $896.5M | $852.3M | $862.6M | $840.2M | $794.2M | $852.5M | $1.16B | $1.25B | $1.20B | $1.20B |
| Cost of revenue | $664.8M | $629.1M | $651.5M | $638.6M | $616.5M | $613.8M | $835.6M | $918.7M | $890.2M | $868.1M |
| Gross profit | $231.7M | $223.2M | $211.2M | $201.6M | $177.7M | $238.7M | $327.7M | $328.3M | $310.0M | $328.6M |
| SG&A | $217.6M | $213.0M | $224.4M | $241.4M | $246.2M | $260.9M | $328.2M | $360.7M | $348.4M | $324.0M |
| Operating income | $14.1M | $10.1M | -$13.3M | -$39.8M | -$126.9M | -$217.4M | -$2.1M | -$39.0M | -$115.1M | -$3.1M |
| Interest expense | $44.7M | $47.8M | $55.2M | — | — | — | — | — | — | — |
| Pre-tax income | -$46.6M | -$35.0M | -$71.1M | -$146.8M | -$176.1M | -$251.9M | -$32.9M | -$94.2M | -$137.5M | -$15.7M |
| Income tax | $2.6M | $3.3M | $4.6M | $3.3M | $8.8M | $14.7M | $436.0K | $31.1M | $53.1M | $3.1M |
| Net income | -$49.2K | -$38.3K | -$75.7K | $70.1M | -$186.0M | -$237.2M | -$32.4M | -$63.1M | -$84.5M | -$12.7M |
| EPS, basic | -11.70 | -8.64 | -17.32 | 16.73 | -60.05 | -7.74 | -1.07 | -2.10 | -2.83 | -0.45 |
| EPS, diluted | -11.70 | -8.64 | -17.32 | 16.73 | -60.05 | -7.74 | -1.07 | -2.10 | -2.83 | -0.45 |
| Shares, diluted (wtd. avg.) | 4.5M | 4.4M | 4.4M | 4.2M | 3.1M | 30.6M | 30.3M | 30.0M | 29.8M | 28.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $18.1M | $35.5M | $35.4M | $58.1M | $65.3M | $24.6M | $12.2M | $18.3M | $26.6M | $46.2M |
| Receivables | $177.9M | $172.6M | $181.2M | $186.7M | $168.3M | $194.1M | $245.6M | $268.4M | $302.0M | $262.8M |
| Inventory | $41.4M | $37.9M | $38.9M | $36.3M | $35.4M | $36.9M | $39.2M | $48.5M | $49.7M | $49.6M |
| Total current assets | $266.4M | $305.1M | $322.1M | $347.6M | $402.3M | $283.7M | $317.6M | $355.0M | $397.1M | $401.4M |
| Property, plant and equipment | — | — | — | — | — | — | $192.0M | $194.8M | $203.2M | $203.1M |
| Goodwill | — | — | — | $0 | $0 | $91.4M | $282.0M | $281.6M | $284.8M | $355.8M |
| Other intangibles | $37.8M | $50.2M | $62.7M | $75.4M | $88.3M | $103.3M | $117.0M | $131.4M | $160.2M | $176.1M |
| Total assets | $485.5M | $528.4M | $565.7M | $616.6M | $706.5M | $731.0M | $985.2M | $977.8M | $1.06B | $1.15B |
| Accounts payable | $42.0M | $42.1M | $36.4M | $32.5M | $44.1M | $42.1M | $41.6M | $44.1M | $55.3M | $47.8M |
| Short-term debt | — | — | — | — | — | — | — | — | $0 | $20.0M |
| Total current liabilities | $120.1M | $171.2M | $174.9M | $448.9M | $188.3M | $133.0M | $150.5M | $140.0M | $147.8M | $147.7M |
| Long-term debt | $288.5M | $320.0M | $305.7M | $239.4M | $312.5M | — | — | — | $387.7M | $346.9M |
| Total liabilities | $458.0M | $526.6M | $520.1M | $498.9M | $654.7M | $516.4M | $548.5M | $520.7M | $578.7M | $611.8M |
| Retained earnings | -$464.9M | -$415.7M | -$377.4M | -$301.7M | -$375.6M | -$189.6M | $48.7M | $81.5M | $135.5M | $218.9M |
| Total equity | -$24.5M | $1.7M | $45.6M | $117.8M | $51.9M | $214.6M | $436.7M | $457.1M | $477.2M | $535.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$11.3M | $22.8M | -$11.0M | -$57.9M | -$35.5M | $52.8M | $58.8M | $41.9M | -$13.7M | $79.6M |
| Depreciation and amortisation | $34.1M | $36.3M | $37.9M | $37.6M | $41.5M | $45.9M | $49.1M | $64.9M | $52.1M | $48.7M |
| Stock-based compensation | $795.0K | $2.3M | $1.6M | $247.0K | $7.0M | $6.3M | $10.1M | $12.3M | $7.9M | $7.3M |
| Capital expenditure | $9.3M | $9.5M | $10.4M | $24.7M | $17.6M | $20.0M | $29.0M | $27.2M | $36.8M | $45.8M |
| Investing cash flow | -$9.1M | -$9.3M | -$10.0M | $243.4M | -$14.1M | -$18.3M | -$28.1M | -$25.0M | -$34.0M | -$75.8M |
| Financing cash flow | $2.8M | -$12.7M | -$1.9M | -$192.0M | $91.8M | -$23.5M | -$36.8M | -$23.0M | $25.6M | -$6.0M |
| Buybacks | — | — | — | — | — | — | — | $0 | $0 | $7.6M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000318833-26-000014.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.20B | $1.20B | $1.25B | $1.16B | $852.5M | $794.2M | $840.2M | $862.6M | $852.3M | $896.5M |
| Gross profit | $328.6M | $310.0M | $328.3M | $327.7M | $238.7M | $177.7M | $201.6M | $211.2M | $223.2M | $231.7M |
| Net income | -$12.7M | -$84.5M | -$63.1M | -$32.4M | -$237.2M | -$186.0M | $70.1M | -$75.7K | -$38.3K | -$49.2K |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
- Officer or director change Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 7600
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| EJH | E-Home Household Service Holdings Ltd | — | — | -2.1% |