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Side-by-side financial comparison of Magnera Corp (MAGN) and TIC Solutions, Inc. (TIC). Click either name above to swap in a different company.
Magnera Corp is the larger business by last-quarter revenue ($792.0M vs $508.3M, roughly 1.6× TIC Solutions, Inc.). Magnera Corp runs the higher net margin — -4.3% vs -9.3%, a 5.0% gap on every dollar of revenue. TIC Solutions, Inc. produced more free cash flow last quarter ($37.1M vs $-13.0M).
MAGN vs TIC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $508.3M |
| Net Profit | $-34.0M | $-47.2M |
| Gross Margin | 12.2% | 35.2% |
| Operating Margin | 1.8% | -3.8% |
| Net Margin | -4.3% | -9.3% |
| Revenue YoY | 12.8% | — |
| Net Profit YoY | 43.3% | — |
| EPS (diluted) | $-0.95 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $792.0M | $508.3M | ||
| Q3 25 | — | $473.9M | ||
| Q2 25 | $839.0M | $313.9M | ||
| Q1 25 | $824.0M | $234.2M | ||
| Q4 24 | $702.0M | — | ||
| Q3 24 | $332.1M | — | ||
| Q2 24 | $556.0M | — | ||
| Q1 24 | $558.0M | — |
| Q4 25 | $-34.0M | $-47.2M | ||
| Q3 25 | — | $-13.9M | ||
| Q2 25 | $-18.0M | $-233.0K | ||
| Q1 25 | $-41.0M | $-25.8M | ||
| Q4 24 | $-60.0M | — | ||
| Q3 24 | $-15.2M | — | ||
| Q2 24 | $19.0M | — | ||
| Q1 24 | $14.0M | — |
| Q4 25 | 12.2% | 35.2% | ||
| Q3 25 | — | 32.2% | ||
| Q2 25 | 10.7% | 23.6% | ||
| Q1 25 | 10.7% | 18.6% | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 10.7% | — | ||
| Q2 24 | 6.6% | — | ||
| Q1 24 | 6.2% | — |
| Q4 25 | 1.8% | -3.8% | ||
| Q3 25 | — | -1.4% | ||
| Q2 25 | 1.5% | 5.8% | ||
| Q1 25 | 0.5% | -4.0% | ||
| Q4 24 | -3.1% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 3.1% | — | ||
| Q1 24 | 3.8% | — |
| Q4 25 | -4.3% | -9.3% | ||
| Q3 25 | — | -2.9% | ||
| Q2 25 | -2.1% | -0.1% | ||
| Q1 25 | -5.0% | -11.0% | ||
| Q4 24 | -8.5% | — | ||
| Q3 24 | -4.6% | — | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 2.5% | — |
| Q4 25 | $-0.95 | — | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | $-0.51 | — | ||
| Q1 25 | $-1.15 | — | ||
| Q4 24 | $-1.69 | — | ||
| Q3 24 | $-0.33 | — | ||
| Q2 24 | $0.60 | — | ||
| Q1 24 | $0.44 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $264.0M | $439.5M |
| Total DebtLower is stronger | $1.9B | $1.6B |
| Stockholders' EquityBook value | $1.0B | $2.2B |
| Total Assets | $3.9B | $4.4B |
| Debt / EquityLower = less leverage | 1.86× | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $264.0M | $439.5M | ||
| Q3 25 | — | $164.4M | ||
| Q2 25 | $276.0M | $130.1M | ||
| Q1 25 | $282.0M | $155.7M | ||
| Q4 24 | $215.0M | — | ||
| Q3 24 | $230.0M | — | ||
| Q2 24 | $33.9M | — | ||
| Q1 24 | $30.2M | — |
| Q4 25 | $1.9B | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | $2.0B | $751.3M | ||
| Q1 25 | $2.0B | $752.4M | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $877.4M | — | ||
| Q1 24 | $884.7M | — |
| Q4 25 | $1.0B | $2.2B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.4B | — |
| Q4 25 | $3.9B | $4.4B | ||
| Q3 25 | — | $4.2B | ||
| Q2 25 | $4.1B | $2.2B | ||
| Q1 25 | $4.1B | $2.2B | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
| Q4 25 | 1.86× | 0.74× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | 1.77× | 0.64× | ||
| Q1 25 | 1.83× | 0.67× | ||
| Q4 24 | 1.80× | — | ||
| Q3 24 | 0.91× | — | ||
| Q2 24 | 0.37× | — | ||
| Q1 24 | 0.36× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.0M | $49.7M |
| Free Cash FlowOCF − Capex | $-13.0M | $37.1M |
| FCF MarginFCF / Revenue | -1.6% | 7.3% |
| Capex IntensityCapex / Revenue | 1.9% | 2.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $61.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0M | $49.7M | ||
| Q3 25 | — | $19.0M | ||
| Q2 25 | $0 | $-6.5M | ||
| Q1 25 | $65.0M | $32.8M | ||
| Q4 24 | $-58.0M | — | ||
| Q3 24 | $12.2M | — | ||
| Q2 24 | $38.0M | — | ||
| Q1 24 | $20.0M | — |
| Q4 25 | $-13.0M | $37.1M | ||
| Q3 25 | — | $10.3M | ||
| Q2 25 | — | $-14.5M | ||
| Q1 25 | $42.0M | $28.3M | ||
| Q4 24 | $-74.0M | — | ||
| Q3 24 | $3.6M | — | ||
| Q2 24 | $23.0M | — | ||
| Q1 24 | $12.5M | — |
| Q4 25 | -1.6% | 7.3% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | -4.6% | ||
| Q1 25 | 5.1% | 12.1% | ||
| Q4 24 | -10.5% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 4.1% | — | ||
| Q1 24 | 2.2% | — |
| Q4 25 | 1.9% | 2.5% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | 1.5% | 2.6% | ||
| Q1 25 | 2.8% | 1.9% | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 2.7% | — | ||
| Q1 24 | 1.3% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.00× | — | ||
| Q1 24 | 1.43× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
