Forensic Analysis · Energy / Oil & Gas · as of Aug 11, 2026

Tetra Technologies Inc (TTI)

A forensic read on Tetra Technologies Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

D · Weak — demands caution

Forensic grade

Safe

Financial health

4.7

Distress distance

Clean

Earnings quality

Forensic signals

177.0

P / E (ttm)

1.1%

ROE

$1.3B

Market cap

5.3%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Tetra Technologies Inc earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 4.7, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by share-count dilution.

What the filings flag

+1.4%/yr

FY2022–FY2025

Share-count dilution. Diluted share count changed +4% over the last 3 years to FY2025 (+1.4%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~1.4% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~4%.

stopped

FY2020→FY2022

Shareholder returns — halted. Capital returns have STOPPED — $1M of buybacks + dividends in FY2020, but ~$0 in FY2022. A halt usually means the company is conserving cash.

8.1%

FY2025

Return on invested capital. Return on invested capital is 8.1% in the latest fiscal year and rising from 6% — around its ~8% cost of capital, so growth is roughly value-neutral.

$26M

FY2019–FY2019

Goodwill impairments. Took $26M of goodwill writedowns across 1 year (FY2019 ($26M)). Writedowns mean past acquisitions underperformed what was paid for them.

Key fundamentals

Latest Revenue$630.9M

Revenue Growth YoY+5.3%

Revenue CAGR (3yr)+4.5%

Net Margin0.5%

Free Cash Flow$19.5M

Return on Equity1.1%

Debt / Equity0.64x

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Data from SEC EDGAR public filings · metrics as of Aug 11, 2026. Forensic signals flag probability, not certainty.