Description of Tic Solutions Inc's Business Segments

The company operates through three business segments: Industrial, Consulting Engineering, and Geospatial. The Industrial segment primarily serves industrial operators in the energy, chemicals, refining, and manufacturing sectors, offering nondestructive testing, rope access, and field mitigation services under multi-year master service agreements for inspection, maintenance, and turnaround projects. The Consulting Engineering segment provides services to federal, state, and local government agencies, public utilities, industrial facilities, and commercial and institutional building owners. Its offerings include infrastructure and building design, commissioning, permitting, environmental consulting, failure analysis, materials selection, and laboratory-based materials testing, typically contracted on a project basis with various contract structures. The Geospatial segment serves public-sector clients such as defense and intelligence agencies, civil agencies, state and local governments, utilities, and transportation operators. It delivers geospatial data collection, analytics, and software solutions for asset management, planning, and environmental monitoring through project-based contracts and subscription-based software agreements that generate recurring revenue.

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Composition of Tic Solutions Inc Revenues by Segments


Inspection and Mitigation	48.19 %	of total Revenue
Consulting Engineering	38.44 %	of total Revenue
Geospatial	13.52 %	of total Revenue
Cost-reimbursable contracts	94.22 %	of total Revenue
Fixed-unit price contracts	5.93 %	of total Revenue
Public and quasi-public sector	31.15 %	of total Revenue
Private sector	69 %	of total Revenue
Inspection and Mitigation Cost-reimbursable contracts	46.08 %	of total Revenue
Inspection and Mitigation Fixed-unit price contracts	2.11 %	of total Revenue
Inspection and Mitigation Public and quasi-public sector	1.41 %	of total Revenue
Inspection and Mitigation Private sector	46.78 %	of total Revenue
Consulting Engineering Cost-reimbursable contracts	34.95 %	of total Revenue
Consulting Engineering Fixed-unit price contracts	3.49 %	of total Revenue
Consulting Engineering Public and quasi-public sector	18.37 %	of total Revenue
Consulting Engineering Private sector	20.08 %	of total Revenue
Geospatial Cost-reimbursable contracts	13.19 %	of total Revenue
Geospatial Fixed-unit price contracts	0.32 %	of total Revenue
Geospatial Public and quasi-public sector	11.37 %	of total Revenue
Geospatial Private sector	2.15 %	of total Revenue
United States	72.39 %	of total Revenue
United States Inspection and Mitigation	27.51 %	of total Revenue
United States Consulting Engineering	32.07 %	of total Revenue
United States Geospatial	12.81 %	of total Revenue
Canada	20.16 %	of total Revenue
Canada Inspection and Mitigation	20.11 %	of total Revenue
Canada Geospatial	0.05 %	of total Revenue
Other foreign	7.6 %	of total Revenue
Other foreign Inspection and Mitigation	0.57 %	of total Revenue
Other foreign Consulting Engineering	6.37 %	of total Revenue
Other foreign Geospatial	0.66 %	of total Revenue

Q1 three months ended (Mar 31 2026)
Revenues by Business Segments	Revenues (in millions $)	% (of total Revenues)
Inspection and Mitigation	234.83	48.19 %
Consulting Engineering	187.34	38.44 %
Geospatial	65.86	13.52 %
Cost-reimbursable contracts	459.12	94.22 %
Fixed-unit price contracts	28.91	5.93 %
Public and quasi-public sector	151.78	31.15 %
Private sector	336.25	69 %
Inspection and Mitigation Cost-reimbursable contracts	224.53	46.08 %
Inspection and Mitigation Fixed-unit price contracts	10.30	2.11 %
Inspection and Mitigation Public and quasi-public sector	6.88	1.41 %
Inspection and Mitigation Private sector	227.95	46.78 %
Consulting Engineering Cost-reimbursable contracts	170.31	34.95 %
Consulting Engineering Fixed-unit price contracts	17.03	3.49 %
Consulting Engineering Public and quasi-public sector	89.51	18.37 %
Consulting Engineering Private sector	97.84	20.08 %
Geospatial Cost-reimbursable contracts	64.28	13.19 %
Geospatial Fixed-unit price contracts	1.58	0.32 %
Geospatial Public and quasi-public sector	55.39	11.37 %
Geospatial Private sector	10.47	2.15 %
United States	352.75	72.39 %
United States Inspection and Mitigation	134.04	27.51 %
United States Consulting Engineering	156.29	32.07 %
United States Geospatial	62.42	12.81 %
Canada	98.24	20.16 %
Canada Inspection and Mitigation	98.01	20.11 %
Canada Geospatial	0.23	0.05 %
Other foreign	37.04	7.6 %
Other foreign Inspection and Mitigation	2.77	0.57 %
Other foreign Consulting Engineering	31.06	6.37 %
Other foreign Geospatial	3.22	0.66 %
Total	487.30	100 %

Q1 three months ended (Mar 31 2026)
Revenue Growth rates by Segment	Y/Y Revenue %	Q/Q Revenue %
Inspection and Mitigation	0.26 %	-
Consulting Engineering	-	-
Geospatial	-	-
Cost-reimbursable contracts	107.96 %	-
Fixed-unit price contracts	115.09 %	-
Public and quasi-public sector	2471.15 %	-
Private sector	47.28 %	-
Inspection and Mitigation Cost-reimbursable contracts	1.7 %	-
Inspection and Mitigation Fixed-unit price contracts	-23.37 %	-
Inspection and Mitigation Public and quasi-public sector	16.48 %	-
Inspection and Mitigation Private sector	-0.16 %	-
Consulting Engineering Cost-reimbursable contracts	-	-
Consulting Engineering Fixed-unit price contracts	-	-
Consulting Engineering Public and quasi-public sector	-	-
Consulting Engineering Private sector	-	-
Geospatial Cost-reimbursable contracts	-	-
Geospatial Fixed-unit price contracts	-	-
Geospatial Public and quasi-public sector	-	-
Geospatial Private sector	-	-
United States	142.74 %	-
United States Inspection and Mitigation	-7.76 %	-
United States Consulting Engineering	-	-
United States Geospatial	-	-
Canada	13.54 %	-
Canada Inspection and Mitigation	13.27 %	-
Canada Geospatial	-	-
Other foreign	1465.6 %	-
Other foreign Inspection and Mitigation	17.08 %	-
Other foreign Consulting Engineering	-	-
Other foreign Geospatial	-	-
Total	108.54 %	-68.14 %

Q1 three months ended (Mar 31 2026)
Income by Business Segments	Income (in millions $)	% (Profit Margin)
Inspection and Mitigation	40.76	17.36 %
Consulting Engineering	89.15	47.59 %
Geospatial	31.39	47.66 %
Total	-41.36	-

Q1 three months ended (Mar 31 2026)
Income Growth rates by Segment	Y/Y Income %	Q/Q Income %
Inspection and Mitigation	-6.66 %	-
Consulting Engineering	-	-
Geospatial	-	-
Total	-	-

Annual Report on Tic Solutions Inc Divisions, Sales by Country

Twelve months ended 2025
TIC s Annual Revenue by Geography and Business Segments	Sales (in millions $)	% (of total Sales)
Total	1,529.36	100 %

Twelve months ended 2025
TIC s Annual Income by Country and Business Segments	Income (in millions $)	% (Profit Margin)
Total	-86.52	-

Twelve months ended 2025
Annual Revenue and Income Growth by Country and Business Segments	% Y/Y Sales Growth	% Y/Y Income Growth

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