MEDIUMOutside partyCustomer
oil and gas clients
“10-K Item 1A: 'Our clients in the oil and gas industries account for a substantial portion of our historical revenues.'”
TIC · Concentration risk · 10-K extracted
TIC Solutions (TIC) concentration risks
Updated
The most significant concentration TIC Solutions discloses is oil and gas clients, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: TIC Solutions’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile rests on a single exposure: clients in the oil and gas industries account for a substantial portion of historical revenues. This is a medium-share, dependency-character concentration reflecting that the customer base is not broadly diversified across end markets but is instead anchored in the energy sector. The dependency character is notable — oil and gas clients' demand for the company's services is linked to their own capital expenditure and operational spending decisions, which in turn are driven by commodity prices, regulatory conditions, and drilling activity levels. A sustained downturn in energy-sector spending would reduce the volume of work available to the company without the offset of meaningful revenue from other industries. Because the filing does not disclose a specific percentage and describes the exposure only qualitatively as a "substantial portion," the disclosed size band is medium rather than high, reflecting that the filing stops short of asserting that virtually all revenues derive from this sector. However, the language — "substantial portion" — indicates the exposure is well above incidental. No customer, geographic, or supplier concentrations beyond this sector dependency are disclosed. The profile is therefore straightforward: the company's revenue trajectory is closely tied to the health of the oil and gas industry's spending cycle. Commodity price levels, exploration and production budgets, and oilfield service demand are the primary external variables governing near-term revenue visibility, and any structural shift in energy industry capital allocation — such as an extended period of capital discipline by major producers — would flow through to results.
For the engine’s reasoning on TIC’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Specialty Business Services
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ARMK | Aramark | 1 | 1 | 0 | 2 |
| AMTM | Amentum Holdings, Inc. | 1 | 0 | 0 | 1 |
| TIC● | TIC Solutions, Inc. | 0 | 1 | 0 | 1 |
| ABM | ABM Industries Incorporated | 0 | 0 | 0 | 0 |
| AZZ | AZZ Inc. | 0 | 0 | 0 | 0 |
| CBZ | CBIZ, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.