Team, Inc.

Global leader in inspection, testing, verification, and certification services including NDT and industrial asset integrity. Much larger scale but provides a benchmark for the inspection services industry.

Bureau Veritas SA

EPA:BVI

International testing, inspection, and certification company with significant industrial services and NDT operations. Comparable exposure to energy and industrial end markets.

지역

공급망을 왜곡할 수 있는 지역별 노출.

지역

United States Gulf Coast

Canada (Alberta oil sands & refining)

Europe & Middle East

ExxonMobil Corporation

Chevron Corporation

Marathon Petroleum Corporation

Shell plc

Suncor Energy Inc.

Imperial Oil Limited

Shell plc

BP p.l.c.

TotalEnergies SE

United States Gulf Coast

Revenue concentration — majority of IHT and MS revenue derives from refining and petrochemical complexes along the Texas and Louisiana Gulf Coast

ExxonMobil CorporationNYSE:XOMMajor Gulf Coast refining and chemical operations (Baytown, Beaumont, Baton Rouge)

Chevron CorporationNYSE:CVXGulf Coast refining (Pascagoula) and chemical operations

Marathon Petroleum CorporationNYSE:MPCGulf Coast (Garyville, Galveston Bay) refineries

Canada (Alberta oil sands & refining)

Significant international operations with exposure to Canadian oil sands maintenance cycles and refinery turnarounds

Suncor Energy Inc.TSX:SUOil sands maintenance and inspection services

Imperial Oil LimitedTSX:IMORefinery inspection and mechanical services

Europe & Middle East

International revenue from European refining and petrochemical markets and Middle Eastern oil & gas facilities

Shell plcNYSE:SHELEuropean and global downstream operations

BP p.l.c.NYSE:BPEuropean and global refining operations

TotalEnergies SENYSE:TTEEuropean refining and petrochemical operations

집중도

공급망을 왜곡할 수 있는 고객, 공급업체 또는 파트너 집중 노출.

Customer

High

Significant exposure to the refining and petrochemical end market, which accounts for approximately two-thirds of the customer base. Any prolonged downturn in oil refining margins, refinery closures, or energy transition-related asset retirements could materially reduce demand for services.

Other

Critical

High debt leverage following multiple acquisitions (Furmanite, All Tech Inspection, Quest Integrity). The company carries substantial debt from its refinancing in early 2025. Net losses persisted through FY2025 ($49.2M loss), limiting financial flexibility for capital investment in equipment.

Other

High

Labor availability risk — specialized industrial services require certified NDT technicians (ASNT Level I/II/III), welders, and machinists. Industry-wide skilled labor shortage could constrain capacity to execute projects during peak turnaround cycles.

Other

Medium

Small market capitalization (~$78M as of June 2026) and low trading liquidity make the stock volatile and potentially limit access to equity capital markets for strategic investments.

매출 구성

대상 기업의 매출 구성이 공급망 영향력과 의존도로 이어지는 방식.

Inspection & Heat Treating (IHT)

57.5%

$0.5B

IHT is the largest and fastest-growing segment (~57% of revenue). Drives demand for NDT equipment (ultrasonic, radiographic, magnetic particle, eddy current), heat treating furnaces/torches, and inspection software. Capital equipment procurement from NDT OEMs is a key upstream activity.

Mechanical Services (MS)

42.5%

$0.4B

MS covers leak repair, hot tapping, field machining, composite repair, valve insertion, bolted joint integrity, and emissions control. Consumables-intensive: sealants, composite wrap materials, machining tools, bolting tools, and safety equipment. Also requires specialty chemical consumables for leak sealing applications.

회사 소개개인정보 처리방침서비스 약관면책 조항종목 디렉터리ETF지수13F 보유 종목목표주가무료 도구기술 지도Slack 참여하기

Plutux는 투자자문업자가 아닙니다. 시장 데이터와 AI가 생성한 분석은 정보 제공 및 교육 목적일 뿐 투자 자문이 아닙니다. 면책 조항

Team, Inc.

TISI 공급망

상류

Waygate Technologies (Baker Hughes / pending Hexagon acquisition)

Evident Inspection Technologies (Wabtec Corporation)

Olympus Corporation

MISTRAS Group, Inc.

3M Company

Lincoln Electric Holdings, Inc.

Hexagon AB

Bain Capital (via Evident divestiture to Wabtec)

View More

하류

ExxonMobil Corporation

Chevron Corporation

Marathon Petroleum Corporation

Shell plc

BP p.l.c.

Phillips 66

Valero Energy Corporation

Dow Inc.

View More

대체 기업

MISTRAS Group, Inc.

ABM Industries Incorporated

SGS SA

Bureau Veritas SA

지역

United States Gulf Coast

Canada (Alberta oil sands & refining)

Europe & Middle East

TISI 공급망

상류

Waygate Technologies (Baker Hughes / pending Hexagon acquisition)

Evident Inspection Technologies (Wabtec Corporation)

Olympus Corporation

MISTRAS Group, Inc.

3M Company

Lincoln Electric Holdings, Inc.

Hexagon AB

Bain Capital (via Evident divestiture to Wabtec)

View More

하류

ExxonMobil Corporation

Chevron Corporation

Marathon Petroleum Corporation

Shell plc

BP p.l.c.

Phillips 66

Valero Energy Corporation

Dow Inc.

View More

대체 기업

MISTRAS Group, Inc.

ABM Industries Incorporated

SGS SA

Bureau Veritas SA

지역

United States Gulf Coast

Canada (Alberta oil sands & refining)

Europe & Middle East