TETRA TECHNOLOGIES INC TTI

Energy SIC 1311 - Crude Petroleum & Natural Gas NAICS Mining, Quarrying, and Oil and Gas Extraction › Oil and Gas Extraction derived NYSE

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.

Our Corporate Governance Guidelines, Code of Business Conduct, Code of Ethics for Senior Financial Officers, Policy on Trading in Company Securities, Audit Committee Charter, Human Capital Management and Compensation Committee Charter, and Nominating, Governance and Sustainability Committee Charter, as well as our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, and all amendments to those reports are all available, free of charge, on our website at www.onetetra.com as soon as practicable after we file the reports with the SEC. Information contained on or connected to our website is not, and shall not be deemed to be, a part of this Annual Report on Form 10-K or incorporated into any other filings with the SEC. The documents referenced above are available in print at no cost to any stockholder who requests them from our Corporate Secretary.

Last close 5.33 2026-10-23
Market cap $789.2M 2026-06-30 share count
52-week range 4.87 - 12.54

Valuation FY2025 figures against the last close

P/S1.3x
P/E266.5x
P/FCF40.4x
EV/EBITDA9.7x
Dividend yield—
Diluted EPS0.02

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • International
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 433.7M (68.7%) 69% United States International, FY2025: 197.2M (31.3%) 31% International FY2024 United States, FY2024: 399.1M (66.6%) 67% International, FY2024: 200M (33.4%) 33% FY2023 United States, FY2023: 417.7M (66.7%) 67% International, FY2023: 208.6M (33.3%) 33%
Region FY2025FY2024FY2023
United States $433.7M $399.1M $417.7M
International $197.2M $200.0M $208.6M

As the company reported it, from the “Revenue - Disaggregation of Revenue (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

  • Completion Fluids & Products Segment
  • Water & Flowback Services Segment
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Completion Fluids & Products Segment, FY2025: 376.5M (59.7%) 60% Completion Fluids & Products Segment Water & Flowback Services Segment, FY2025: 254.5M (40.3%) 40% Water & Flowback Services Segment FY2024 Completion Fluids & Products Segment, FY2024: 311.3M (52.0%) 52% Water & Flowback Services Segment, FY2024: 287.8M (48.0%) 48% FY2023 Completion Fluids & Products Segment, FY2023: 313M (50.0%) 50% Water & Flowback Services Segment, FY2023: 313.2M (50.0%) 50%
Segment FY2025FY2024FY2023
Completion Fluids & Products Segment $376.5M $311.3M $313.0M
Water & Flowback Services Segment $254.5M $287.8M $313.2M

As the company reported it, from the “Industry Segments and Geographic Information - Segment Information Related to the Statement of Operations (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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $630.9M$599.1M$626.3M$553.2M$388.3M$377.7M$561.2M$560.1M$723.1M$617.4M
Cost of revenue $433.7M$423.4M$438.2M$400.2M——$946.1M$836.5M$614.7M$556.6M
Gross profit $155.9M$139.9M$153.6M$121.1M$59.2M$67.5M$11.8M$103.3M$108.4M$60.8M
SG&A $100.6M$90.0M$96.6M$91.9M$75.0M$76.7M$96.5M$92.9M$115.4M$108.4M
Total operating expenses $475.0M$459.3M$472.6M$432.1M$329.0M$310.2M$549.4M$456.8M——
Operating income $55.4M$49.9M$44.9M———————
Interest expense $17.3M$22.5M$22.3M$15.8M$16.6M$19.3M$21.8M$19.7M$58.0M$58.6M
Pre-tax income $26.5M$28.7M$31.7M$11.2M-$14.7M-$25.1M-$128.1M-$2.6M-$44.0M-$223.2M
Income tax $22.3M$84.9M$6.2M$3.6M$2.1M$1.8M$2.8M$3.7M$751.0K$2.2M
Net income $3.0M$108.3M$25.8M$7.8M$103.3M-$51.1M-$147.4M-$61.6M-$39.0M-$161.5M
EPS, basic 0.020.830.200.060.82-0.41-1.17-0.50-0.34-1.85
EPS, diluted 0.020.820.200.060.82-0.41-1.17-0.50-0.34-1.85
Shares, diluted (wtd. avg.) 135.2M132.2M131.2M129.8M126.6M125.8M125.6M124.1M114.5M87.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $72.6M$37.0M$52.5M$13.6M$31.6M$83.9M$17.8M$40.1M$26.4M$29.9M
Receivables $99.6M$104.8M$111.8M$129.6M$91.2M$64.1M$111.2M$187.6M$144.1M$114.3M
Inventory $115.7M$101.7M$96.5M$72.1M$69.1M$76.7M$80.5M$143.6M$115.4M$106.5M
Total current assets $316.7M$269.6M$282.0M$238.4M$210.4M$931.5M$351.4M$400.7M$338.4M$275.8M
Property, plant and equipment $194.2M$142.2M$107.7M$101.6M$89.0M$96.9M$116.3M$853.9M$809.4M$945.5M
Goodwill ——————$0$25.9M$6.6M$6.6M
Other intangibles $21.5M$24.9M$29.1M$33.0M$37.0M$41.5M$46.2M$82.2M$47.4M$67.7M
Total assets $675.8M$605.2M$479.0M$434.4M$398.3M$1.13B$1.27B$1.39B$1.31B$1.32B
Short-term debt —————————$30.0K
Total current liabilities $156.5M$123.3M$126.0M$124.3M$97.1M$798.1M$188.7M$200.4M$173.7M$116.9M
Long-term debt $181.4M$179.7M$157.5M$156.5M$151.9M$199.9M$204.6M$815.6M$629.9M$623.7M
Retained earnings -$165.4M-$168.4M-$276.7M-$302.5M-$310.3M-$413.7M-$362.5M-$218.0M-$156.3M-$117.3M
Total equity $283.8M$254.6M$147.3M$106.4M$98.6M$71.1M$162.8M$312.7M$352.6M$400.5M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $100.4M$36.5M$70.2M$19.0M$4.7M$76.9M$90.2M$46.6M$64.6M$55.7M
Depreciation and amortisation $37.1M$35.7M$34.3M$32.8M$33.5M$118.7M$124.3M$117.0M$116.2M$129.6M
Stock-based compensation $7.1M$6.6M$10.6M$6.9M$4.7M$6.6M$8.1M$7.4M$7.7M$13.7M
Capital expenditure $80.8M$60.7M$38.2M$40.1M$20.5M$29.4M$108.3M$141.9M$51.9M$21.1M
Investing cash flow -$61.4M-$59.1M-$27.0M-$36.5M-$5.2M$6.0M-$106.4M-$188.6M-$47.9M-$14.3M
Financing cash flow -$5.4M$8.9M-$4.7M$40.0K-$50.1M-$17.6M-$5.9M$155.0M-$21.3M-$32.6M
Buybacks ————$473.0K$320.0K$214.0K———

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 0000844965-26-000026.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -250M 0 250M 500M 750M Revenue, FY2016: 617.4M Gross profit, FY2016: 60.8M Net income, FY2016: -161.5M Revenue, FY2017: 723.1M Gross profit, FY2017: 108.4M Net income, FY2017: -39M Revenue, FY2018: 560.1M Gross profit, FY2018: 103.3M Net income, FY2018: -61.6M Revenue, FY2019: 561.2M Gross profit, FY2019: 11.8M Net income, FY2019: -147.4M Revenue, FY2020: 377.7M Gross profit, FY2020: 67.5M Net income, FY2020: -51.1M Revenue, FY2021: 388.3M Gross profit, FY2021: 59.2M Net income, FY2021: 103.3M Revenue, FY2022: 553.2M Gross profit, FY2022: 121.1M Net income, FY2022: 7.8M Revenue, FY2023: 626.3M Gross profit, FY2023: 153.6M Net income, FY2023: 25.8M Revenue, FY2024: 599.1M Gross profit, FY2024: 139.9M Net income, FY2024: 108.3M Revenue, FY2025: 630.9M Gross profit, FY2025: 155.9M Net income, FY2025: 3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $617.4M $723.1M $560.1M $561.2M $377.7M $388.3M $553.2M $626.3M $599.1M $630.9M
Gross profit $60.8M $108.4M $103.3M $11.8M $67.5M $59.2M $121.1M $153.6M $139.9M $155.9M
Net income -$161.5M -$39.0M -$61.6M -$147.4M -$51.1M $103.3M $7.8M $25.8M $108.3M $3.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • 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
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Results announced 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
  • 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

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.

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