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TIC Solutions (TIC) backlog: remaining performance obligations

How much revenue TIC Solutions already has under contract, how fast it converts, and who it is with.

Data as of .

TIC Solutions backlog history

$0$1B$2BSep 2025Dec 2025Mar 2026Jun 2026Sep 2026Backlog (RPO)Trailing 12-month revenue
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter endBacklog (RPO)TTM revenueCoverageCustomer prepayments
30 Sep 2026$1.30B$2.22B0.6 yrs$63.1M
30 Jun 2026$1.20B$2.05B0.6 yrs$61.8M
31 Mar 2026$1.10B$1.78B0.6 yrs$52.0M
31 Dec 2025$1.10B$1.53B0.7 yrs$47.8M
30 Sep 2025$1.00Bn/an/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.