TET1 Energy Inc.

$4.51

Is the business good?

How good a business is TE?

T1 Energy Inc. earns −32% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

−32%

Return on invested capital · cost of capital 9.0% · 41 points below what the capital costs: growth destroys value

Operating margin
−27%

Operating margin · Electrical Equipment & Parts median 7.3% · 12 months to Q1 2026

Share count, year on year
+83%

Share count, year on year · shareholders own a smaller slice than a year ago

Gross margin
7.6%

Gross margin

Details
Gross margin12 months to Q1 2026
7.6%
Operating margin12 months to Q1 2026
−27%
Net margin12 months to Q1 2026
−42%
Free cash flow margin
−4.9%
Revenue, trailing twelve months
$879M
Free cash flow, trailing twelve months
−$43M
Net income, trailing twelve months
−$372M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
−32%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.