Acuren Corporation (TIC) - Net Assets
Based on the latest financial reports, Acuren Corporation (TIC) has net assets worth $1.95 Billion USD as of August 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.22 Billion) and total liabilities ($2.27 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Acuren Corporation asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.95 Billion |
| % of Total Assets | 46.22% |
| Annual Growth Rate | 48.44% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 114.1 |
Acuren Corporation - Net Assets Trend (2022–2024)
This chart illustrates how Acuren Corporation's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Acuren Corporation for the complete picture of this company's asset base.
Annual Net Assets for Acuren Corporation (2022–2024)
The table below shows the annual net assets of Acuren Corporation from 2022 to 2024. For live valuation and market cap data, see TIC stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | $1.15 Billion | +201.35% |
| 2023-11-30 | $382.00 Million | -26.84% |
| 2022-11-30 | $522.13 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Acuren Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 550.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $12.00K | 0.00% |
| Other Comprehensive Income | $-35.49 Million | -3.08% |
| Other Components | $1.29 Billion | 112.38% |
| Total Equity | $1.15 Billion | 100.00% |
Acuren Corporation Competitors by Market Cap
The table below lists competitors of Acuren Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xintec
TWO:3374
|
$1.70 Billion |
|
Farglory Land Development Co Ltd
TW:5522
|
$1.70 Billion |
|
Kfin Technologies Limited
NSE:KFINTECH
|
$1.70 Billion |
|
Bolsas y Mercados Argentinos SA
BA:BYMA
|
$1.70 Billion |
|
Cellcom Israel Ltd
TA:CEL
|
$1.70 Billion |
|
Zhejiang Huazheng New Material
SHG:603186
|
$1.70 Billion |
|
LANXESS Aktiengesellschaft
F:LXS
|
$1.70 Billion |
|
Jungfraubahn Holding AG
SW:JFN
|
$1.70 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Acuren Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 381,999,000 to 1,151,172,000, a change of 769,173,000 (201.4%).
- Net loss of 121,155,000 reduced equity.
- Share repurchases of 666,630,000 reduced equity.
- Other comprehensive income decreased equity by 34,693,000.
- Other factors increased equity by 1,591,651,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-121.16 Million | -10.52% |
| Share Repurchases | $666.63 Million | -57.91% |
| Other Comprehensive Income | $-34.69 Million | -3.01% |
| Other Changes | $1.59 Billion | +138.26% |
| Total Change | $- | 201.35% |
Book Value vs Market Value Analysis
This analysis compares Acuren Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.09x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.10x to 1.09x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-11-30 | $102.50 | $10.31 | x |
| 2023-11-30 | $76.02 | $10.31 | x |
| 2024-11-30 | $9.48 | $10.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Acuren Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -10.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.04%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.92x
- Recent ROE (-10.52%) is below the historical average (-2.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 3.84% | 2.16% | 0.71x | 2.49x | $-32.17 Million |
| 2023 | -1.65% | -0.60% | 0.83x | 3.31x | $-44.49 Million |
| 2024 | -10.52% | -11.04% | 0.50x | 1.92x | $-236.27 Million |
Industry Comparison
This section compares Acuren Corporation's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $988,707,472
- Average return on equity (ROE) among peers: 16.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Acuren Corporation (TIC) | $1.95 Billion | 3.84% | 1.16x | $1.70 Billion |
| ABM Industries Incorporated (ABM) | $69.40 Million | 12.54% | 1.74x | $2.45 Billion |
| Amentum Holdings Inc. (AMTM) | $4.55 Billion | -1.80% | 1.63x | $6.07 Billion |
| Rich Sparkle Holdings Limited Ordinary Shares (ANPA) | $2.55 Million | 32.19% | 1.48x | $69.50 Million |
| Aramark Holdings (ARMK) | $2.47 Billion | 15.15% | 3.46x | $10.51 Billion |
| AZZ Incorporated (AZZ) | $667.37 Million | 12.59% | 0.70x | $4.12 Billion |
| Blacksky Technology Inc (BKSY) | $-32.81 Million | 0.00% | 0.00x | $1.21 Billion |
| BUUU Group Limited Class A Ordinary Share (BUUU) | $1.34 Million | 62.16% | 0.93x | $242.62 Million |
| BrightView Holdings (BV) | $1.74 Billion | -0.44% | 0.92x | $1.25 Billion |
| Cass Information Systems Inc (CASS) | $190.43 Million | 12.34% | 5.96x | $607.85 Million |
| CBIZ Inc (CBZ) | $226.45 Million | 15.39% | 1.55x | $1.52 Billion |
About Acuren Corporation
TIC Solutions, Inc. provides critical asset integrity services in North America. The company offers testing, inspection, certification, and compliance (TICC) services, including various nondestructive testing (NDT) techniques, such as radiography, ultrasonic testing, magnetic particle inspection, penetrant testing, and visual inspection. Its NDT activities include inspection and evaluation of ind… Read more