Is the business good?
How good a business is TTI?
TETRA Technologies, Inc. earns 8.4% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
8.4%
Return on invested capital · cost of capital 9.0% · 0.57 points below what the capital costs: growth destroys value
- Operating margin
- 7.3%
Operating margin · Conglomerates median 12% · 12 months to Q2 2026
- Share count, year on year
- +5.4%
Share count, year on year · shareholders own a smaller slice than a year ago
- Gross margin
- 23%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 18% |
| FY2021 | 15% |
| FY2022 | 22% |
| FY2023 | 7.2% |
| FY2024 | 8.3% |
| FY2025 | 8.8% |
Details›
- Gross margin12 months to Q2 2026
- 23%
- Operating margin12 months to Q2 2026
- 7.3%
- Net margin12 months to Q2 2026
- 0.97%
- Free cash flow margin
- −2.4%
- Revenue, trailing twelve months
- $642M
- Free cash flow, trailing twelve months
- −$15M
- Net income, trailing twelve months
- $6.2M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 8.4%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.