Team, Inc.
- Open
- 24.63
- Day high
- 25.00
- Day low
- 24.26
- Prev close
- 24.74
- Volume
- 10K
- Mkt cap
- $113M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 13.9
- P/S
- 0.1
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$56.6M over the last 3 months (7 open-market buys, 1 sale)
- ◆Cluster buying — multiple insiders bought within days
- 🏛Institutions reducing (13F)
Team, Inc. (TISI) is a Industrials company listed on NYSE. The stock is up 32% over the past year. Over the trailing 3 months, insiders filed 7 open-market buys and 1 sale (SEC Form 4).
Team, Inc. (TISI) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
TISI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 11, 2026 | $-5.94 | $-1.73 | +70.9% | $229M | +9.5% |
| Mar 13, 2026 | — | $-1.21 | — | $225M | — |
| Nov 12, 2025 | — | $-1.48 | — | $225M | — |
| Aug 12, 2025 | — | $-0.20 | — | $248M | — |
| Mar 19, 2025 | — | $-0.82 | — | $213M | — |
| Aug 8, 2024 | — | $-0.45 | — | $229M | — |
| Mar 7, 2024 | — | $-3.18 | — | $214M | — |
| Nov 9, 2023 | — | $-2.01 | — | $207M | — |
| Aug 10, 2023 | — | $-2.55 | — | $239M | — |
| May 11, 2023 | — | $-5.24 | — | $202M | — |
| Mar 14, 2023 | $0.20 | $-5.46 | -2830.0% | $211M | -5.5% |
| Aug 15, 2022 | $-2.20 | $-3.60 | -63.6% | $222M | -15.2% |
TISI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 25, 2026 | Roeder Clinton Williamofficer: Chief Financial Officer | Buy | 1,000 | $22.84 |
| Aug 25, 2026 | Horton Anthony Rdirector | Buy | 2,000 | $23.15 |
| Aug 25, 2026 | Roeder Clinton Williamofficer: Chief Financial Officer | Buy | 8,000 | $22.90 |
| Aug 21, 2026 | Horton Anthony Rdirector | Buy | 2,000 | $22.71 |
| Aug 19, 2026 | Lederman Evan S.director | Buy | 500 | $23.00 |
| Aug 17, 2026 | McGinnis Pamela J.director | Buy | 2,000 | $22.90 |
| Aug 10, 2026 | Stewart Michael Daviddirector, 10 percent owner: | Buy | 1,604,326 | — |
| Aug 10, 2026 | Corre Partners Management, LLC10 percent owner | Sell | 1,604,326 | $35.50 |
| Jun 18, 2026 | Webster James C.officer: EVP and Chief Legal Officer | Grant | 5,505 | — |
| Jun 2, 2026 | Hill Gary L.officer: Chief Executive Officer | Buy | 6,250 | $16.00 |
| May 21, 2026 | Hill Gary L.officer: Chief Executive Officer | Buy | 5,800 | $16.22 |
| May 20, 2026 | Lederman Evan S.director | Buy | 600 | $16.31 |
| Mar 25, 2026 | Stenger Edward J.director | Buy | 1,417 | $15.21 |
| Mar 25, 2026 | Stenger Edward J.director | Buy | 3,583 | $16.31 |
| Jan 16, 2026 | Caliel Michael Jdirector | Grant | 25,293 | — |
Source: TISI SEC Form 4 filings, latest Aug 25, 2026. For informational purposes only — not investment advice.
See the full TISI insider & 13F page →Team, Inc. company profile
Overview
Team, Inc. (NYSE:TISI) is an industrial services company founded in 1973 and headquartered in Sugar Land, Texas. The company went public in 1980 and has evolved into a provider of asset performance assurance and optimization solutions for critical industrial infrastructure. Team operates across the United States, Canada, Europe, and internationally, serving industries where asset integrity and safety are paramount. The company has undergone significant restructuring in recent years, including the divestiture of its Quest Integrity segment in 2024, and now operates through two primary business segments focused on inspection services and mechanical solutions.
Business
Team, Inc. operates in the industrial asset integrity and maintenance services sector, providing specialized technical services that ensure the safe and reliable operation of critical infrastructure across various industries. The company's services are essential for preventing catastrophic failures, ensuring regulatory compliance, and optimizing the performance of industrial assets such as pipelines, refineries, power plants, and manufacturing facilities. The company operates through two main business segments following its recent restructuring: 1. Inspection and Heat Treating (IHT) Segment - This segment provides non-destructive testing and evaluation services, which are techniques used to examine materials and components without causing damage. Services include radiographic testing (using X-rays to detect internal flaws), ultrasonic testing (using sound waves to identify defects), magnetic particle inspection, and various other specialized testing methods. The segment also offers heat treating services, which involve controlled heating and cooling of metals to alter their physical properties for improved performance. This segment has shown strong growth, with heat treating services revenue increasing 22% and laboratory testing services up 64% in recent quarters. 2. Mechanical Services (MS) Segment - This segment focuses on repair and maintenance solutions for industrial equipment. Services include engineered composite repairs (advanced materials used to fix damaged equipment), emissions control compliance, hot tapping (making connections to pressurized systems without shutting them down), valve management, and leak repair services for pipes, valves, and other critical components. This segment has faced some challenges with lower callout revenue and project delays. The company serves diverse end markets including chemical and petrochemical (30% of revenue), refining (25%), power and energy (18%), manufacturing and processing (16%), pipeline and storage (7%), and aerospace and defense (4%). These industries require regular inspection and maintenance to ensure safety, regulatory compliance, and operational efficiency.
Revenue model
Team, Inc. generates revenue primarily through fee-for-service arrangements where customers pay for specific inspection, testing, and maintenance services. The company operates on both scheduled maintenance contracts and emergency callout services, with pricing typically based on the complexity of the work, specialized equipment required, and urgency of the service. The business model relies heavily on recurring revenue from planned maintenance activities, as industrial facilities require regular inspections to comply with safety regulations and maintain operational integrity. Emergency and unplanned services, while less predictable, often command premium pricing due to their urgent nature. The company also benefits from long-term relationships with major industrial customers who require ongoing asset integrity services. Several factors influence the company's margins and profitability. Positive margin drivers include the specialized nature of the services which allows for premium pricing, the critical safety requirements that make customers less price-sensitive, and the recurring nature of inspection requirements driven by regulatory compliance. The company's recent cost optimization efforts, targeting $10 million in annual savings, also support margin improvement. Negative margin pressures include the cyclical nature of industrial maintenance spending, which can decline during economic downturns or when customers defer non-critical maintenance. Competition from other service providers can pressure pricing, particularly for more commoditized services. The company has also faced challenges in its Canadian operations, which have underperformed due to reduced turnaround and project activity. Additionally, the capital-intensive nature of maintaining specialized equipment and the need for highly trained technicians create ongoing cost pressures. Energy sector volatility particularly affects demand, as many of Team's customers are in oil refining, petrochemicals, and power generation industries that experience cyclical demand patterns.
Competitive moat
Team, Inc. operates in a specialized industrial services sector that provides some competitive advantages, though its moat is relatively narrow. The company's primary competitive strengths stem from the technical expertise required to perform complex non-destructive testing and the regulatory requirements that mandate regular inspections in many industries. The specialized technical knowledge required for services like radiographic testing, ultrasonic inspection, and heat treating creates barriers to entry, as these services require certified technicians and expensive specialized equipment. The company's long-standing relationships with major industrial customers also provide some switching costs, as customers prefer working with proven service providers for critical safety applications. However, Team's moat is not particularly strong. The industrial services sector is fragmented with numerous competitors offering similar services. Competitive threats come from both large integrated service companies and smaller regional specialists who can often compete aggressively on price. The company faces pressure from customers seeking to consolidate their service providers, which can lead to pricing pressure. Potential disruption could come from advances in automation and remote monitoring technologies that might reduce the need for manual inspections, though this threat appears to be longer-term given the critical safety nature of the work and regulatory requirements. The company's recent financial difficulties and high debt levels have also weakened its competitive position, limiting its ability to invest in new technologies or pursue strategic acquisitions. The divestiture of the higher-margin Quest Integrity business in 2024, while necessary for debt reduction, also removed one of the company's more differentiated service offerings.
Risks & safety
Team, Inc. presents significant financial risks with a very thin margin of safety, reflecting a company in financial distress working through a turnaround. • Solvency concerns: The company has negative shareholder equity of approximately -$26 million as of Q1 2025, indicating liabilities exceed assets. This technically insolvent position creates substantial financial risk. • Cash position: Cash and short-term investments of only $16.8 million provide minimal liquidity cushion. Free cash flow was negative $30.1 million in Q1 2025, indicating continued cash burn. • Debt burden: While the company refinanced its debt in March 2025 to extend maturities to 2030 and reduce interest rates by over 100 basis points, the debt load remains substantial relative to the company's earnings capacity. • Valuation metrics: Traditional valuation metrics are distorted by losses, with negative P/E ratios and negative book value making standard analysis difficult. • Operational performance: Adjusted EBITDA of only $5.3 million in Q1 2025 on $198.7 million in revenue reflects very thin operating margins of less than 3%. • Other considerations: The company is targeting 10% EBITDA margins and $10 million in annual cost savings, but execution risk remains high given the challenging financial position and competitive market dynamics.
Recent development
Team, Inc. has undergone significant strategic transformation over the past few years, centered around simplifying its business structure and addressing its challenging financial position. The most significant development was the divestiture of the Quest Integrity segment in 2024 for $279 million, which the company used to pay down $225 million in debt. This sale represented a major strategic pivot, as Quest was a higher-margin business focused on pipeline integrity and furnace tube inspection systems. Following the divestiture, the company has focused on operational improvements and cost reduction. Management launched comprehensive cost optimization programs targeting $10 million in annualized savings, with $6-8 million already identified. The company reduced selling, general and administrative expenses by $11 million in 2024 and eliminated approximately $30 million in total costs through various initiatives. The company completed a major refinancing in March 2025, securing a new $175 million term loan facility that extended debt maturities to 2030 and reduced the blended interest rate by over 100 basis points. This refinancing was critical for providing financial stability and avoiding near-term liquidity concerns. Operationally, the company has been working to improve performance in its Canadian operations, which have underperformed due to reduced turnaround and project activity. The heat treating and aerospace service lines have shown strong growth, with heat treating revenue increasing 41% in Q3 2024 and aerospace revenue up 32%. Laboratory testing and inspection services have also performed well, with 64% revenue growth in Q1 2025. Management has set targets for mid-single-digit revenue growth in 2025 and aims to achieve at least 15% year-over-year growth in adjusted EBITDA while working toward a 10% adjusted EBITDA margin target. The focus has shifted from major restructuring to operational execution and margin improvement.
TISI company profile · for informational purposes only — not investment advice.
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