TISI on NYSE

TEAM INC

American miscellaneous repair services company based in Sugar Land. Summary from the record

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Last updated Oct 19, 2026.

Overview

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  • TickerTISI on NYSE2
  • IndustryServices-Miscellaneous Repair Services2
  • HeadquartersSugar Land, United States2
  • Incorporated inDE3
  • Business address13131 Dairy Ashford, Suite 600, Sugar Land, Tx 774783
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI549300DEKHQ3OEQJWU962
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 21167782

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Introduction. Unless otherwise indicated, the terms “Team,” “the Company,” “we,” “our” and “us” are used in this report to refer to either Team, Inc., to one or more of our consolidated subsidiaries, or to all of them taken as a whole. Our stock is traded on the NYSE under the symbol “TISI”.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

25.8%Gross margin5
1.6%Operating margin5
-5.5%Net margin5
5.2%Revenue growth, 20255
-$20.6MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Repair and Maintenance Services brought in 48% of the revenue TEAM INC broke down this way in fiscal 2025.

  1. Repair and Maintenance Services$427.1M548%up 2% from 2024
  2. Non Destructive Evaluation And Testing Services$359.0M540%up 7% from 2024
  3. Heat Treating$68.9M58%up 0% from 2024
  4. Other Services$41.5M55%up 43% from 2024
Products and services by year
Products and services20242025
Repair and Maintenance Services$417.9M$427.1M
Non Destructive Evaluation And Testing Services$336.6M$359.0M
Heat Treating$68.8M$68.9M
Other Services$29.0M$41.5M

Business segments

Inspection and Heat Treating brought in 51% of the revenue TEAM INC broke down this way in fiscal 2025.

  1. Inspection and Heat Treating$458.9M551%up 8% from 2024
  2. Mechanical Services$437.6M549%up 3% from 2024
Business segments by year
Business segments20242025
Inspection and Heat Treating$426.7M$458.9M
Mechanical Services$425.6M$437.6M

Regions

United States brought in 66% of the revenue TEAM INC broke down this way in fiscal 2025.

  1. United States$680.7M566%up 7% from 2024
  2. Countries Other Than the United States and Canada$139.0M513%down 6% from 2024
  3. Other Foreign Countries$139.0M513%down 6% from 2024
  4. CA [member]$76.8M57%up 15% from 2024
Regions by year
Regions20242025
United States$637.7M$680.7M
Countries Other Than the United States and Canada$147.7M$139.0M
Other Foreign Countries$147.7M$139.0M
CA [member]$66.9M$76.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue74¢$664.8M
  • Selling, general and admin24¢$217.6M
  • Other costs1¢$11.5M
  • Income tax0¢$2.6M

Out of $896.5M in revenue.5 The company lost money this year.

Financial statements

Revenue67895$896.5M in 2025−23% since 2019
0$500.0M$1.0B$1.5B2019: $1.2B$1.2B20192020: $852.5M$852.5M2020−27%2021: $794.2M$794.2M2021−7%2022: $840.2M$840.2M2022+6%2023: $862.6M$862.6M2023+3%2024: $852.3M$852.3M2024−1%2025: $896.5M$896.5M2025+5%
Gross profit67895$231.7M in 2025−29% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $327.7M$327.7M20192020: $238.7M$238.7M2020−27%2021: $177.7M$177.7M2021−26%2022: $201.6M$201.6M2022+13%2023: $211.2M$211.2M2023+5%2024: $223.2M$223.2M2024+6%2025: $231.7M$231.7M2025+4%
Operating income67895$14.1M in 2025
-$300.0M-$200.0M-$100.0M0$100.0M2019: -$2.1M-$2.1M20192020: -$217.4M-$217.4M2020+10029%2021: -$126.9M-$126.9M2021−42%2022: -$39.8M-$39.8M2022−69%2023: -$13.3M-$13.3M2023−67%2024: $10.1M$10.1M20242025: $14.1M$14.1M2025+39%
Net income67895-$49.2M in 2025+52% since 2019
-$300.0M-$200.0M-$100.0M0$100.0M2019: -$32.4M-$32.4M20192020: -$237.2M-$237.2M2020+632%2021: -$186.0M-$186.0M2021−22%2022: $70.1M$70.1M20222023: -$75.7M-$75.7M20232024: -$38.3M-$38.3M2024−49%2025: -$49.2M-$49.2M2025+29%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Revenues$896.5M$852.3M
Operating expenses$664.8M$629.1M
Gross margin$231.7M$223.2M
Selling, general and administrative expenses$217.6M$213.0M
Operating income$14.1M$10.1M
Interest expense, net-$44.7M-$47.8M
Loss on debt extinguishment-$13.1M$0
Other income (expense), net-$2.9M$2.7M
Loss before income taxes-$46.6M-$35.0M
Provision for income taxes (see Note 10)-$2.6M-$3.3M
Net loss-$49.2M-$38.3M
Dividend and accretion to redemption value on redeemable preferred stock-$3.5M$0
Net loss attributable to common shareholders, basic-$52.7M-$38.3M
Net loss attributable to common shareholders, diluted-$52.7M-$38.3M
Basic (in usd per share)-$11.70-$8.64
Diluted (in usd per share)-$11.70-$8.64
Basic (in shares)4.5M shares4.4M shares
Diluted (in shares)4.5M shares4.4M shares

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Leadership

Who has led TEAM INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Philip J. Hawk2006–2014
  2. Ted W. Owen2015–2016
  3. Declan G. Rushe2015
  4. Gary G. Yesavage2017–2018
  5. Amerino Gatti2018–2021
  6. Keith D. Tucker2022–2026
  7. Gary L. Hill2026–now

Chair

  1. Philip J. Hawk2015–2016
  2. Amerino Gatti2020–2021
  3. Michael J. Caliel2022–2024

President

  1. Kenneth M. Tholan2006–2007
  2. Jeffrey L. Ott2013–2020
  3. Peter W. Wallace Jr.2013–2015
  4. Arthur F. Victorson2013–2017
  5. Ted W. Owen2014–2016
  6. Declan G. Rushe2015–2017
  7. Grant D. Roscoe2018–2020
  8. Keith D. Tucker2021

Chief financial officer

  1. Ted W. Owen2006–2014
  2. Greg L. Boane2014–2018
  3. Susan M. Ball2018–2021
2010201520202025
Board members and other officers (36)

Timeline

  1. Feb 10, 2026New chief executive Gary L. Hill becomes CEO13
  2. Jun 22, 2022New chief executive Keith D. Tucker becomes CEO14
  3. Jan 24, 2018New chief executive Amerino Gatti becomes CEO15
  4. Sep 20, 2017New chief executive Gary G. Yesavage becomes CEO16
  5. Jul 20, 2015New chief executive Declan G. Rushe becomes CEO18
  6. Feb 12, 2015New chief executive Ted W. Owen becomes CEO17
  7. Jan 18, 2006New chief executive Philip J. Hawk becomes CEO19
  8. Feb 4, 1987Founded TEAM INC is founded2

Filings

301 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 80 major events, 135 insider forms, 27 large holders, 38 other. The latest 20:

  1. Oct 8, 20263 EDGAR
  2. Oct 6, 20268-K EDGAR
  3. Oct 5, 20264 EDGAR
  4. Sep 8, 20264 EDGAR
  5. Aug 25, 20264 EDGAR
  6. Aug 25, 20264 EDGAR
  7. Aug 21, 20264 EDGAR
  8. Aug 19, 20264 EDGAR
  9. Aug 17, 20264 EDGAR
  10. Aug 11, 20268-K EDGAR
  11. Aug 10, 2026SCHEDULE 13D EDGAR
  12. Aug 10, 20264 EDGAR
  13. Aug 10, 20263 EDGAR
  14. Aug 10, 2026SCHEDULE 13D/A EDGAR
  15. Aug 10, 20264 EDGAR
  16. Aug 10, 202610-Q EDGAR
  17. Aug 10, 20268-K EDGAR
  18. Jul 10, 20268-K EDGAR
  19. Jul 1, 20263 EDGAR
  20. Jun 23, 20268-K EDGAR

The 301 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

75 open-market trades by officers, directors and large owners since October 2021: 70 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 3, 2026Roeder Clinton WilliamChief Financial OfficerBuy8,000$27.59$220.7KForm 4
Aug 24, 2026Horton Anthony RDirectorBuy2,000$22.90$45.8KForm 4
Aug 21, 2026Roeder Clinton WilliamChief Financial OfficerBuy9,000$22.89$206.0KForm 4
Aug 21, 2026Horton Anthony RDirectorBuy2,000$23.15$46.3KForm 4
Aug 18, 2026Horton Anthony RDirectorBuy2,000$22.71$45.4KForm 4
Aug 17, 2026Lederman Evan S.DirectorBuy500$23.00$11.5KForm 4
Aug 13, 2026McGinnis Pamela J.DirectorBuy2,000$22.90$45.8KForm 4
Aug 6, 2026Stewart Michael DavidDirectorBuy1,604,326Form 4
Aug 6, 2026CORRE HORIZON FUND, LP10% ownerSale1,604,326$35.50$57.0MForm 4
Jun 1, 2026Hill Gary L.Chief Executive OfficerBuy6,250$16.00$100.0KForm 4
May 20, 2026Hill Gary L.Chief Executive OfficerBuy5,800$16.22$94.1KForm 4
May 18, 2026Lederman Evan S.DirectorBuy600$16.31$9.8KForm 4
Mar 30, 2026Lederman Evan S.DirectorBuy1,000$16.19$16.2KForm 4
Mar 30, 2026Horton Anthony RDirectorBuy3,000$16.19$48.6KForm 4
Mar 24, 2026Stenger Edward J.DirectorBuy3,583$16.31$58.4KForm 4
Mar 23, 2026Stenger Edward J.DirectorBuy1,417$15.21$21.6KForm 4
Mar 20, 2026Horton Anthony RDirectorBuy10,000$14.44$144.4KForm 4
Dec 8, 2025Corre Opportunities Qualified Master Fund, LP10% ownerBuy1,076$15.13$16.3KForm 4
Dec 5, 2025Corre Opportunities Qualified Master Fund, LP10% ownerBuy1,320$14.78$19.5KForm 4
Dec 4, 2025Corre Opportunities Qualified Master Fund, LP10% ownerBuy600$14.81$8.9KForm 4

All 75 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 27. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Corre Partners Management, LLC1,604,326$27.7M7.3%No change
Barclays PLC333,881$5.8M0.0%+9,935
22nw, LP170,187$2.9M2.8%No change
Vanguard Capital Management LLC141,380$2.4M0.0%+4,284
IES Holdings, Inc.75,002$1.3M0.4%No change
BlackRock, Inc.57,918$1.0M0.0%+2,599
Geode Capital Management, LLC47,760$825.6K0.0%−747
Renaissance Technologies LLC34,451$595.3K0.0%+3,000
Vanguard Fiduciary Trust Co25,954$448.5K0.0%+183
Manatuck Hill Partners, LLC19,911$344.1K0.1%−7,620
State Street Corp18,711$323.3K0.0%No change
Susquehanna International Group, Llp16,823$290.7K0.0%−13,202
Dimensional Fund Advisors LP15,311$264.6K0.0%+359
Cerity Partners LLC14,890$257.3K0.0%No change
Citadel Advisors LLC10,784$186.3K0.0%New
Vanguard Global Advisers, LLC2,683$46.4K0.0%No change
Morgan Stanley2,150$37.2K0.0%No change
NewEdge Advisors, LLC466$8.1K0.0%New
Bnp Paribas Financial Markets382$6.6K0.0%No change
Winch Advisory Services, LLC140$2.4K0.0%No change
UBS Group AG61$1.1K0.0%+60
Fmr LLC31$5360.0%New
Jpmorgan Chase & Co11$1850.0%No change
Gsa Capital Partners Llp10,282$1780.0%−1,313
Wells Fargo & Company/mn4$690.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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