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TETRA TECHNOLOGIES INC (TTI)

As-reported financials and SEC filings for TETRA TECHNOLOGIES INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About TETRA TECHNOLOGIES INC

TETRA Technologies Inc provides energy services and chemical products primarily to the oil and gas industry. Its main offerings include completion fluids such as clear brine fluids and additives used in well drilling and workover operations, as well as water management and flowback services for hydraulic fracturing. The company also produces calcium chloride and zinc bromide products for industrial and battery technology markets, serving customers in the United States and internationally.

Snapshot

Revenue
$630.9M
Revenue growth (YoY)
5.3%
Net income
$3.0M
Diluted EPS
$0.02
Gross margin
31.3%
Operating margin
8.8%
Net margin
0.5%
FCF margin
3.1%
ROE
1.1%
net income / fiscal-year-end equity
P/E
170.3×
trailing when available, otherwise FY EPS
Market cap
$1.01B
Long-term debt / equity
0.63×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Tetra Technologies

  • Revenue grew 5.3% to $631M in FY2025, after a 4.3% decline the year before.
  • Most recent quarter Q2 FY2026: revenue $186M, up 6.8% from Q2 FY2025.
  • Free cash flow was $20M in FY2025, 3.1% of revenue.
  • Net income fell 97.2% to $3M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Tetra Technologies’s fundamentals sit among the 61 oil and gas companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin31.3%
22nd percentile of 10
Operating margin8.8%
43rd percentile of 50
Net margin0.5%
26th percentile of 58
FCF margin3.1%
32nd percentile of 20
Revenue growth (YoY)+5.3%
48th percentile of 59
ROE1.1%
29th percentile of 49
P/E170.3×
Highest of 41
Long-term debt / equity0.63×
78th percentile of 37
Short interest5.88d
75th percentile of 60

Tetra Technologies’s P/E of 170.3 is the highest of the 41 peers with a meaningful P/E.

1 reported insider purchase (code P) totaling $216,898 in the last 90 days, against 2 sales totaling $536,745. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 6 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+6 quant / multi-strat
Initiated / added
3
2 new, 1 added
Reduced / exited
3
2 trimmed, 1 exited
Combined position
$66.4M
reported long value
InvestorAs ofPosition valueSharesChange
D. E. ShawquantQ2 2026$24.2M2.1MHeld
Millennium ManagementquantQ2 2026$22.7M2.0MReduced
AQR Capital ManagementquantQ2 2026$8.6M757.7KAdded
Citadel AdvisorsquantQ2 2026$7.1M627.8KReduced
Renaissance TechnologiesquantQ2 2026$3.3M293.5KNew
Two Sigma InvestmentsquantQ2 2026$498,82644.0KNew

No longer held by: Point72 Asset Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
1
1 insider
Bought (90d)
$217K
code P value
Sells (90d)
2
$537K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-02
Murphy Brady MPresident & CEOSell61$10.01$610
2026-07-01
filed 2026-07-02
Murphy Brady MPresident & CEOSell50.0K$10.72$536K
2026-06-09
Hallead KurtVP-Treasurer & IRBuy22.0K$9.86$217K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
9.7M
settled 2026-08-14
Change vs prior
+14.0%
vs previous settlement
Days to cover
5.88
at avg daily volume
Avg daily volume
1.6M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-149.7M+14.0%5.88
2026-07-318.5M-15.1%4.63
2026-07-1510.0M+8.7%6.79
2026-06-309.2M+8.0%4.08
2026-06-158.5M+15.3%4.47
2026-05-297.4M+6.8%5.96
2026-05-156.9M+11.3%4.95
2026-04-306.2M-8.8%3.27

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$630.9M$599.1M$626.3M$553.2M$388.3M
Gross profit$197.2M$175.7M$188.1M$153.0M
Operating income$55.4M$49.9M$44.9M
Net income$3.0M$108.3M$25.8M$7.8M$103.3M
Diluted EPS$0.02$0.82$0.20$0.06$0.82

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$72.6M$37.0M$52.5M$13.6M$31.6M
Current assets$316.7M$269.6M$282.0M$238.4M$210.4M
Total assets$675.8M$605.2M$479.0M$434.4M$398.3M
Current liabilities$161.2M$123.3M$126.0M$124.3M$97.1M
Long-term debt$176.6M$179.7M$157.5M$156.5M$151.9M
Total liabilities$393.3M$351.9M$331.6M$328.0M$299.7M
Total equity$282.5M$253.3M$147.3M$106.4M$98.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$100.4M$36.5M$70.2M$19.0M$4.7M
Capital expenditure$80.8M$60.7M$38.2M$40.1M$20.5M
Free cash flow$19.5M$-24.2M$32.1M$-21.1M$-15.9M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$185.7M6.8%$10.2M$0.07
Q1 FY2026$156.3M-0.6%$8.3M$0.06
Q4 FY2025$146.7M9.1%$-16.5M$-0.12
Q3 FY2025$153.2M8.1%$4.2M$0.03
Q2 FY2025$173.9M1.1%$11.3M$0.08
Q1 FY2025$157.1M4.1%$4.0M$0.03
Q4 FY2024$134.5M-12.2%$102.7M$0.77
Q3 FY2024$141.7M-6.4%$-3.0M$-0.02

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorEnergy
SIC industryCrude Petroleum & Natural Gas
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2015
SEC CIK844965

Selected SEC filings

10-Q2026-08-04
View on EDGAR →
10-Q2026-04-29
View on EDGAR →
8-K2026-08-04
View on EDGAR →
8-K2026-06-15
View on EDGAR →
8-K2026-06-04
View on EDGAR →
8-K2026-06-02
View on EDGAR →

Largest oil and gas peers

All oil and gas stocksAll Energy companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.