TIC Solutions reported $1.30B of remaining performance obligations at 30 Sep 2026, up 30% from a year earlier and up 8% from the previous quarter. That is 0.6 years of trailing revenue already under contract. Book-to-bill last quarter: 1.16.
Net new backlog added in the latest quarter: $100M.
Over the last twelve months it turned about 202% of its opening backlog into revenue (12-month conversion).
77% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 4.9% of the backlog.
Twelve-month book-to-bill: 1.14, i.e. 1.14 of new orders for every 1 of revenue recognised.
By backlog size it ranks 216th among US filers the cockpit tracks.
TIC Solutions backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$1.30B
$2.22B
0.6 yrs
$63.1M
30 Jun 2026
$1.20B
$2.05B
0.6 yrs
$61.8M
31 Mar 2026
$1.10B
$1.78B
0.6 yrs
$52.0M
31 Dec 2025
$1.10B
$1.53B
0.7 yrs
$47.8M
30 Sep 2025
$1.00B
n/a
n/a
$46.6M
Questions
What is TIC Solutions's backlog?
TIC Solutions reported $1.30B of remaining performance obligations at 30 Sep 2026, up 30% from a year earlier and up 8% from the previous quarter. That is 0.6 years of trailing revenue already under contract. Book-to-bill last quarter: 1.16.
How fast does TIC Solutions's backlog turn into revenue?
Over the last twelve months TIC Solutions recognised revenue equal to about 202% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.