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Side-by-side financial comparison of RLI CORP (RLI) and TIC Solutions, Inc. (TIC). Click either name above to swap in a different company.
TIC Solutions, Inc. is the larger business by last-quarter revenue ($508.3M vs $465.7M, roughly 1.1× RLI CORP). RLI CORP runs the higher net margin — 19.6% vs -9.3%, a 28.9% gap on every dollar of revenue. RLI CORP produced more free cash flow last quarter ($155.0M vs $37.1M).
RLI Corp. is an American insurance company specializing in property insurance and casualty insurance. It is headquartered in Peoria, Illinois.
RLI vs TIC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $465.7M | $508.3M |
| Net Profit | $91.2M | $-47.2M |
| Gross Margin | — | 35.2% |
| Operating Margin | 24.4% | -3.8% |
| Net Margin | 19.6% | -9.3% |
| Revenue YoY | 6.1% | — |
| Net Profit YoY | 123.1% | — |
| EPS (diluted) | $1.00 | — |
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 | $465.7M | $508.3M | ||
| Q3 25 | $509.3M | $473.9M | ||
| Q2 25 | $499.8M | $313.9M | ||
| Q1 25 | $407.7M | $234.2M | ||
| Q4 24 | $439.1M | — | ||
| Q3 24 | $470.0M | — | ||
| Q2 24 | $416.4M | — | ||
| Q1 24 | $444.8M | — |
| Q4 25 | $91.2M | $-47.2M | ||
| Q3 25 | $124.6M | $-13.9M | ||
| Q2 25 | $124.3M | $-233.0K | ||
| Q1 25 | $63.2M | $-25.8M | ||
| Q4 24 | $40.9M | — | ||
| Q3 24 | $95.0M | — | ||
| Q2 24 | $82.0M | — | ||
| Q1 24 | $127.9M | — |
| Q4 25 | — | 35.2% | ||
| Q3 25 | — | 32.2% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 24.4% | -3.8% | ||
| Q3 25 | 30.9% | -1.4% | ||
| Q2 25 | 31.3% | 5.8% | ||
| Q1 25 | 19.3% | -4.0% | ||
| Q4 24 | 10.8% | — | ||
| Q3 24 | 24.9% | — | ||
| Q2 24 | 24.8% | — | ||
| Q1 24 | 36.0% | — |
| Q4 25 | 19.6% | -9.3% | ||
| Q3 25 | 24.5% | -2.9% | ||
| Q2 25 | 24.9% | -0.1% | ||
| Q1 25 | 15.5% | -11.0% | ||
| Q4 24 | 9.3% | — | ||
| Q3 24 | 20.2% | — | ||
| Q2 24 | 19.7% | — | ||
| Q1 24 | 28.8% | — |
| Q4 25 | $1.00 | — | ||
| Q3 25 | $1.35 | $-0.08 | ||
| Q2 25 | $1.34 | — | ||
| Q1 25 | $0.68 | — | ||
| Q4 24 | $-2.87 | — | ||
| Q3 24 | $2.06 | — | ||
| Q2 24 | $1.78 | — | ||
| Q1 24 | $2.77 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $439.5M |
| Total DebtLower is stronger | — | $1.6B |
| Stockholders' EquityBook value | $1.8B | $2.2B |
| Total Assets | $6.2B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $439.5M | ||
| Q3 25 | — | $164.4M | ||
| Q2 25 | — | $130.1M | ||
| Q1 25 | — | $155.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $1.6B | ||
| Q3 25 | $100.0M | $1.6B | ||
| Q2 25 | $100.0M | $751.3M | ||
| Q1 25 | $100.0M | $752.4M | ||
| Q4 24 | $100.0M | — | ||
| Q3 24 | $100.0M | — | ||
| Q2 24 | $100.0M | — | ||
| Q1 24 | $100.0M | — |
| Q4 25 | $1.8B | $2.2B | ||
| Q3 25 | $1.9B | $2.0B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.5B | — |
| Q4 25 | $6.2B | $4.4B | ||
| Q3 25 | $6.2B | $4.2B | ||
| Q2 25 | $6.0B | $2.2B | ||
| Q1 25 | $5.7B | $2.2B | ||
| Q4 24 | $5.6B | — | ||
| Q3 24 | $5.8B | — | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $5.3B | — |
| Q4 25 | — | 0.74× | ||
| Q3 25 | 0.05× | 0.83× | ||
| Q2 25 | 0.06× | 0.64× | ||
| Q1 25 | 0.06× | 0.67× | ||
| Q4 24 | 0.07× | — | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | 0.06× | — | ||
| Q1 24 | 0.07× | — |
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 | $156.8M | $49.7M |
| Free Cash FlowOCF − Capex | $155.0M | $37.1M |
| FCF MarginFCF / Revenue | 33.3% | 7.3% |
| Capex IntensityCapex / Revenue | 0.4% | 2.5% |
| Cash ConversionOCF / Net Profit | 1.72× | — |
| TTM Free Cash FlowTrailing 4 quarters | $608.7M | $61.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.8M | $49.7M | ||
| Q3 25 | $179.2M | $19.0M | ||
| Q2 25 | $174.7M | $-6.5M | ||
| Q1 25 | $103.5M | $32.8M | ||
| Q4 24 | $128.1M | — | ||
| Q3 24 | $219.4M | — | ||
| Q2 24 | $141.8M | — | ||
| Q1 24 | $70.9M | — |
| Q4 25 | $155.0M | $37.1M | ||
| Q3 25 | $177.8M | $10.3M | ||
| Q2 25 | $173.4M | $-14.5M | ||
| Q1 25 | $102.5M | $28.3M | ||
| Q4 24 | $127.6M | — | ||
| Q3 24 | $219.0M | — | ||
| Q2 24 | $139.1M | — | ||
| Q1 24 | $69.9M | — |
| Q4 25 | 33.3% | 7.3% | ||
| Q3 25 | 34.9% | 2.2% | ||
| Q2 25 | 34.7% | -4.6% | ||
| Q1 25 | 25.1% | 12.1% | ||
| Q4 24 | 29.0% | — | ||
| Q3 24 | 46.6% | — | ||
| Q2 24 | 33.4% | — | ||
| Q1 24 | 15.7% | — |
| Q4 25 | 0.4% | 2.5% | ||
| Q3 25 | 0.3% | 1.8% | ||
| Q2 25 | 0.3% | 2.6% | ||
| Q1 25 | 0.3% | 1.9% | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 0.2% | — |
| Q4 25 | 1.72× | — | ||
| Q3 25 | 1.44× | — | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 3.13× | — | ||
| Q3 24 | 2.31× | — | ||
| Q2 24 | 1.73× | — | ||
| Q1 24 | 0.55× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RLI
| Casualty Segment | $246.8M | 53% |
| Property Insurance Segment | $122.5M | 26% |
| Other | $59.3M | 13% |
| Surety Insurance Segment | $37.1M | 8% |
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
