TE Industrials

T1 Energy Inc.

$2.83+10.55%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Industrials
Industry: Electrical Equipment & Parts
Country: United States
Market cap: 833.5M USD
Enterprise value: 1.2B USD
Full-time employees: 562

Overall health

Strength: growing faster than most peersgrowing faster than peers
Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 2.25 vs a peer median of 0.64), less short-term liquidity (current ratio 1.30 vs a peer median of 1.62) and more debt relative to equity (2.73× vs a peer median of 0.40×)higher risk: bigger price swings (beta 2.25 vs peers 0.64), less liquidity (current ratio 1.30 vs peers 1.62) and more debt vs equity (2.73× vs peers 0.40×)

Ranks #2,108 of 2,308 industrials companies (bottom 9%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 111% from December 2022 to August 2026.
T1 Energy had 111% more shares at August 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.T1 Energy had 111% more shares at August 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Earnings slid into a loss. Loss per share this year after a profit last year.
T1 Energy made a loss per share in its latest year after a profit the year before.
Much more borrowing than peers. Debt is 2.7× equity vs a peer median of 0.4×.Debt is 2.7× equity vs peers 0.4×.
Debt is 2.7× shareholders' equity, against a peer median of 0.4×, among the highest 10% of its peer group.Debt is 2.7× shareholders' equity, vs peers 0.4×, among the highest 10% of its peer group.
Growing fast, still losing money. Revenue grew faster than 95% of peers, at an operating loss.
Revenue grew faster than 95% of peers, but the business runs at an operating loss (margin -22%).

StockQuotient Score

23/ 100

Oct 5 23 → Nov 4 23

Valuation

Is the price right?

9/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Share count up 5.5% (existing holders diluted)

Valuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-1.9%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.28Sector median: 0.0377 · MAD: 0.0294

EBITDA yield-9.5%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.64Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield-22.2%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield24.2%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

79/100

Moderate

2/3 inputs reported · Partial data

Since last quarter: ▲ Stronger

12-month revenue up 13.3%

Why

Stronger than most peers on:

▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Earnings per share turned from a profit to a loss33% base weight · Z-score -2.21Sector median: 0.0709 · MAD: 0.2481

3-year revenue growthUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0421 · MAD: 0.0625

Revenue growth427.0%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.55Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

4/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Operating margin rose 4.0 points to -22.4%

Why

Weaker than most peers on:

▼ Operating margin
▼ ROIC
▼ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-22.4%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -5.28Sector median: 0.0773 · MAD: 0.0507

Return on assets-1.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.70Sector median: 0.0311 · MAD: 0.0241

Return on invested capital-26.2%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.78Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin8.3%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity-8.0%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: Changed: worth a look

Debt up 45%

Why

Weaker than most peers on:

▼ Beta
▼ Debt / equity
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta2.25

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.49Sector median: 0.6440 · MAD: 0.2745

Current ratio1.30×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.59Sector median: 1.6180 · MAD: 0.5360

Debt / equity2.73×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score -6.37Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about T1 Energy

Is T1 Energy getting weaker?: Its latest SEC filing (Aug 12, 2026) was mixed: some things better, some worse: operating margin rose 4.0 points to -22.4%; share count up 5.5%. Its overall score is unchanged at 23/100 since Oct 28, 2026.
How is T1 Energy valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 9/100 against 2,459 industrials peers. Earnings yield -1.9% vs a peer median of 3.8% (weaker than 100% of peers).Earnings yield -1.9% vs peers 3.8% (weaker than 100% of peers).
Is T1 Energy growing?: Yes, faster than most of its peers. Growth scores 79/100 against 2,459 industrials peers. Revenue growth 427.0% vs a peer median of 4.4% (stronger than 95% of peers).Revenue growth 427.0% vs peers 4.4% (stronger than 95% of peers).
How profitable is T1 Energy?: Less profitable than most of its peers. Profitability scores 4/100 against 2,459 industrials peers. Operating margin -22.4% vs a peer median of 7.7% (weaker than 100% of peers).Operating margin -22.4% vs peers 7.7% (weaker than 100% of peers).
How risky is T1 Energy?: Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Beta 2.25 vs a peer median of 0.64 (weaker than 100% of peers).Beta 2.25 vs peers 0.64 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 12, 2026 · compared with the quarter ended Mar 31, 2026

Mixed: some things better, some worse

Operating margin rose 4.0 points to -22.4%
Share count up 5.5% (existing holders diluted)
Debt up 45%

Worth watching: T1 Energy is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	879.5M USD	996.9M USD	+13.3%
Net income (12 months)	−4.6M USD	−16.2M USD	+254.9%
Operating margin	-26.3%	-22.4%	+4.0 pts
Free cash flow (12 months)	−43.0M USD	−184.8M USD	+330.0%
Debt	378.4M USD	549.9M USD	+45.3%
Cash	46.4M USD	79.1M USD	+70.6%
Shares outstanding	279.3M	294.5M	+5.5%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Industrials · 318 companies

Valuations in Industrials are near the top of their range since 2016.

85% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +20% and earnings +14% (medians): prices and earnings moved broadly together.
Median price-to-sales is −24% vs the whole market, against a usual −31%.

2016Shaded: most expensive fifth of its range2026

Shown for Industrials: too few Electrical Equipment & Parts companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	—	—	—	41.7%	7.4%	▼ 34 pts
Operating margin	—	—	—	-2685.5%	-31.1%	▲ >999 pts
Net margin	—	—	—	-15314.5%	-48.7%	▲ >999 pts
Return on assets (ROA)	—	-11.9%	-9.8%	-33.7%	-26.8%	▲ 6.9 pts
Return on equity (ROE)	-17.1%	-13.8%	-11.4%	-238.7%	-146.9%	▲ 92 pts
Free cash flow margin	—	—	—	-5222.5%	2.2%	▲ >999 pts
Current ratio	—	9.26×	6.34×	1.39×	1.43×	▲ 2.6%
Quick ratio	—	—	6.34×	0.73×	1.18×	▲ 63%
Debt to equity	—	—	0.00×	3.19×	1.56×	▼ 51%

TE price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 2.25 vs a peer median of 0.64), less short-term liquidity (current ratio 1.30 vs a peer median of 1.62) and more debt relative to equity (2.73× vs a peer median of 0.40×)higher risk: bigger price swings (beta 2.25 vs peers 0.64), less liquidity (current ratio 1.30 vs peers 1.62) and more debt vs equity (2.73× vs peers 0.40×)

Ranks #2,108 of 2,308 industrials companies (bottom 9%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 111% from December 2022 to August 2026.

T1 Energy had 111% more shares at August 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.T1 Energy had 111% more shares at August 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Earnings slid into a loss. Loss per share this year after a profit last year.

T1 Energy made a loss per share in its latest year after a profit the year before.

Much more borrowing than peers. Debt is 2.7× equity vs a peer median of 0.4×.Debt is 2.7× equity vs peers 0.4×.

Debt is 2.7× shareholders' equity, against a peer median of 0.4×, among the highest 10% of its peer group.Debt is 2.7× shareholders' equity, vs peers 0.4×, among the highest 10% of its peer group.

Growing fast, still losing money. Revenue grew faster than 95% of peers, at an operating loss.

Revenue grew faster than 95% of peers, but the business runs at an operating loss (margin -22%).

Questions investors ask about T1 Energy

Is T1 Energy getting weaker?

Its latest SEC filing (Aug 12, 2026) was mixed: some things better, some worse: operating margin rose 4.0 points to -22.4%; share count up 5.5%. Its overall score is unchanged at 23/100 since Oct 28, 2026.

How is T1 Energy valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 9/100 against 2,459 industrials peers. Earnings yield -1.9% vs a peer median of 3.8% (weaker than 100% of peers).Earnings yield -1.9% vs peers 3.8% (weaker than 100% of peers).

Is T1 Energy growing?

Yes, faster than most of its peers. Growth scores 79/100 against 2,459 industrials peers. Revenue growth 427.0% vs a peer median of 4.4% (stronger than 95% of peers).Revenue growth 427.0% vs peers 4.4% (stronger than 95% of peers).

How profitable is T1 Energy?

Less profitable than most of its peers. Profitability scores 4/100 against 2,459 industrials peers. Operating margin -22.4% vs a peer median of 7.7% (weaker than 100% of peers).Operating margin -22.4% vs peers 7.7% (weaker than 100% of peers).

How risky is T1 Energy?

Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Beta 2.25 vs a peer median of 0.64 (weaker than 100% of peers).Beta 2.25 vs peers 0.64 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

879.5M USD

996.9M USD

+13.3%

Net income (12 months)

−4.6M USD

−16.2M USD

+254.9%

Operating margin

-26.3%

-22.4%

+4.0 pts

Free cash flow (12 months)

−43.0M USD

−184.8M USD

+330.0%

Debt

378.4M USD

549.9M USD

+45.3%

Cash

46.4M USD

79.1M USD

+70.6%

Shares outstanding

279.3M

294.5M

+5.5%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

—

41.7%

7.4%

▼ 34 pts

Operating margin

—

-2685.5%

-31.1%

▲ >999 pts

Net margin

—

-15314.5%

-48.7%

▲ >999 pts

Return on assets (ROA)

—

-11.9%

-9.8%

-33.7%

-26.8%

▲ 6.9 pts

Return on equity (ROE)

-17.1%

-13.8%

-11.4%

-238.7%

-146.9%

▲ 92 pts

Free cash flow margin

—

-5222.5%

2.2%

▲ >999 pts

Current ratio

—

9.26×

6.34×

1.39×

1.43×

▲ 2.6%

Quick ratio

—

6.34×

0.73×

1.18×

▲ 63%

Debt to equity

—

0.00×

3.19×

1.56×

▼ 51%