Tetra Technologies, Inc. TTI

Competitive advantage analysis · energy

Corporate Default
Overall moat score
46/100
Developing

Ranked against 49 peers in Oil & Gas Equipment & Services

About Tetra Technologies, Inc.

TETRA Technologies, Inc., together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products; and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and … Full TTI analysis →

Key strengths

  • Operating Leverage in Effect Operating leverage is evident (score 0.61), with margins expanding over time.

Key risks

  • Inconsistent Cash Generation Cash generation is inconsistent (score 0.47), indicating operational challenges.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
60
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where TTI ranks in Oil & Gas Equipment & Services

Tetra Technologies, Inc. ranks #30 of 50 scored companies in Oil & Gas Equipment & Services by moat score — the top 60%. The widest moat in the group is Cactus, Inc. Class A Common Sto (WHD) at 78/100.

# Company Moat score Rating
26 NOV Inc. NOV 50/100 Developing
27 Helix Energy Solutions Group, I HLX 49/100 Developing
28 Expro Group Holdings N.V. XPRO 48/100 Developing
29 Flotek Industries, Inc. FTK 47/100 Developing
30 Tetra Technologies, Inc. TTI 46/100 Developing
31 Ranger Energy Services, Inc. RNGR 44/100 Developing
32 Select Water Solutions, Inc. WTTR 39/100 Developing
33 RPC, Inc. RES 39/100 Developing
34 Forum Energy Technologies, Inc. FET 38/100 Developing

See every Commodities & Mining company ranked by moat score →

How TTI scores on the Corporate Default defenses

Pricing Power

Score 60 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 35 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 53 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 22 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 47 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 57 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding TTI's moat

What is Tetra Technologies, Inc.'s moat score?

Tetra Technologies, Inc. (TTI) scores 46 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #30 of 50 scored companies in Oil & Gas Equipment & Services, the top 60%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 49 companies in Oil & Gas Equipment & Services. Its strongest defense is Pricing Power (60/100) and its weakest is Capital Efficiency (22/100).

How does Tetra Technologies, Inc. compare with other Oil & Gas Equipment & Services companies?

Tetra Technologies, Inc. ranks #30 of 50 scored companies in Oil & Gas Equipment & Services by moat score. The widest moat in Oil & Gas Equipment & Services is Cactus, Inc. Class A Common Sto (WHD) at 78/100. The companies ranked closest are Flotek Industries, Inc. (FTK) at 47 just above it and Ranger Energy Services, Inc. (RNGR) at 44 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 49 companies in Oil & Gas Equipment & Services. The defenses are then weighted to produce the overall score out of 100.

Why is Tetra Technologies, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Tetra Technologies, Inc.?

The Corporate Default template measures 6 defenses, and TTI scores: Pricing Power (60), Cost Advantage (35), Customer Stickiness (53), Capital Efficiency (22), Resilience (47), Scale & Market Position (57). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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