Tetra Technologies Inc. (TTI) intrinsic value & 10-year financials
Tetra Technologies Inc. (TTI) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 0.2% a year to $630.9M, with an average return on invested capital of 3.0%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $5.32
- Market cap
- $719.0M
- Revenue (FY2025)
- $630.9M
- Revenue growth (10-yr CAGR)
- 0.2%
- ROIC (10-yr avg)
- 3.0%
- Free cash flow (FY2025)
- $19.5M
TTI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $630.9M | $3.0M | $0.02 | $19.5M | 8.8% | 6.5% |
| FY2024 | $599.1M | $108.3M | $0.82 | -$24.2M | 8.3% | 14.1% |
| FY2023 | $626.3M | $25.8M | $0.20 | $32.1M | 7.2% | 12.9% |
| FY2022 | $553.2M | $7.8M | $0.06 | -$21.1M | — | 3.0% |
| FY2021 | $388.3M | $103.3M | $0.82 | -$15.9M | — | 50.2% |
| FY2020 | $377.7M | -$51.1M | -$0.41 | $47.5M | — | -9.5% |
| FY2019 | $1.0B | -$147.4M | -$1.17 | -$18.0M | — | -15.8% |
| FY2018 | $998.8M | -$61.6M | -$0.50 | -$95.3M | — | -7.0% |
| FY2017 | $723.1M | -$39.0M | -$0.34 | $12.7M | — | -4.8% |
| FY2016 | $617.4M | -$161.5M | -$1.85 | $32.9M | — | -19.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
TETRA TECHNOLOGIES INC has demonstrated mature, steady growth, with revenue compounding at 0.2% annually over the past decade.
TETRA TECHNOLOGIES INC has historically struggled to out-earn its cost of capital, averaging just 3.0% ROIC.
TETRA TECHNOLOGIES INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, TETRA TECHNOLOGIES INC is modeled at -60.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-1.94 per share.