NASDAQ : TTEC
TTEC Holdings, Inc. — Financial statements
Technology · Information Technology Services · United States
Last price 1.57 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 77.33M
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Financial statements
TTEC Holdings, Inc. (TTEC) reported revenue of 2.04B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.04B | 2.14B | 2.21B | 2.46B | 2.44B | 2.27B |
| Cost of Revenue | 1.56B | 1.63B | 1.70B | 1.89B | 1.82B | 1.66B |
| Gross Profit | 476.02M | 504.02M | 510.67M | 568.82M | 626.72M | 613.82M |
| Selling, General & Admin | 303.33M | 316.23M | 330.39M | 328.07M | 325.52M | 283.51M |
| Operating Expenses | 389.95M | 405.99M | 428.34M | 429.34M | 437.31M | 380.22M |
| Operating Income | 86.06M | 98.03M | 82.32M | 139.48M | 189.41M | 233.60M |
| Interest Expense | -67.35M | -71.71M | -84.31M | -78.32M | -36.07M | -12.38M |
| Interest & Investment Income | 2.12M | 9.37M | 2.73M | 5.15M | 1.81M | 761.00K |
| Currency Exchange Gain (Loss) | 1.19M | 173.00K | -1.25M | 1.88M | 827.00K | |
| Other Non Operating Income (Expenses) | 4.68M | 7.16M | 1.25M | -111.00K | 9.63M | 2.17M |
| EBT Excluding Unusual Items | 26.71M | 43.03M | 732.00K | 68.08M | 165.62M | 224.15M |
| Merger & Restructuring Charges | -6.60M | -5.90M | -10.15M | -8.04M | -5.67M | -3.81M |
| Gain (Loss) on Sale of Assets | 15.50M | |||||
| Asset Writedown | -208.26M | -207.37M | -244.09M | -11.73M | -13.75M | -11.25M |
| Other Unusual Items | 1.50M | -7.58M | -1.75M | -1.20M | ||
| Pretax Income | -188.14M | -170.24M | -236.52M | 40.72M | 144.45M | 207.88M |
| Income Tax Expense | 11.63M | 14.84M | 74.10M | 22.46M | 27.11M | 49.70M |
| Earnings From Continuing Operations | -199.78M | -185.07M | -310.62M | 18.26M | 117.33M | 158.19M |
| Minority Interest in Earnings | -9.07M | -7.39M | -10.35M | -9.84M | -14.09M | -17.22M |
| Net Income | -208.85M | -192.47M | -320.96M | 8.43M | 103.24M | 140.97M |
| Net Income to Common | -208.85M | -192.47M | -320.96M | 8.43M | 103.24M | 140.97M |
| Shares Outstanding (Basic) | 48.62M | 48.21M | 47.61M | 47.34M | 47.12M | 46.89M |
| Shares Outstanding (Diluted) | 48.62M | 48.21M | 47.61M | 47.42M | 47.34M | 47.39M |
| EPS (Basic) | -4.30 | -3.99 | -6.74 | 0.18 | 2.19 | 3.01 |
| EPS (Diluted) | -4.30 | -3.99 | -6.74 | 0.18 | 2.18 | 2.97 |
| Free Cash Flow | 41.09M | 82.97M | -103.99M | 76.93M | 53.04M | 190.94M |
| Free Cash Flow Per Share | 0.84 | 1.72 | -2.18 | 1.62 | 1.12 | 4.03 |
| Dividend Per Share | 0.06 | 1.04 | 1.02 | 0.90 | ||
| Gross Margin | 23.33% | 23.59% | 23.13% | 23.10% | 25.65% | 27.00% |
| Operating Margin | 4.22% | 4.59% | 3.73% | 5.66% | 7.75% | 10.28% |
| Profit Margin | -10.23% | -9.01% | -14.54% | 0.34% | 4.23% | 6.20% |
| Free Cash Flow Margin | 2.01% | 3.88% | -4.71% | 3.12% | 2.17% | 8.40% |
| EBITDA | 172.69M | 187.79M | 180.28M | 240.75M | 301.21M | 330.30M |
| EBITDA Margin | 8.46% | 8.79% | 8.17% | 9.78% | 12.33% | 14.53% |
| D&A For EBITDA | 86.62M | 89.76M | 97.95M | 101.27M | 111.79M | 96.71M |
| EBIT | 86.06M | 98.03M | 82.32M | 139.48M | 189.41M | 233.60M |
| EBIT Margin | 4.22% | 4.59% | 3.73% | 5.66% | 7.75% | 10.28% |
| Effective Tax Rate | 55.15% | 18.77% | 23.91% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 93.87M | 82.90M | 84.99M | 172.75M | 153.44M | 158.21M |
| Cash & Short-Term Investments | 93.87M | 82.90M | 84.99M | 172.75M | 153.44M | 158.21M |
| Accounts Receivable | 396.19M | 455.83M | 452.57M | 394.87M | 417.64M | 357.31M |
| Other Receivables | 13.04M | 10.62M | 21.79M | 18.52M | 45.53M | 48.14M |
| Receivables | 409.23M | 466.44M | 474.36M | 413.39M | 463.17M | 405.45M |
| Prepaid Expenses | 87.82M | 95.70M | 60.92M | 53.38M | 72.82M | 60.34M |
| Restricted Cash | 1.16M | 13.63M | 22.48M | |||
| Other Current Assets | 1.25M | 28.30M | 32.03M | 40.53M | 46.91M | 51.52M |
| Total Current Assets | 592.17M | 673.35M | 652.30M | 681.20M | 749.97M | 697.99M |
| Property, Plant & Equipment | 174.36M | 197.84M | 223.31M | 312.58M | 275.79M | 258.58M |
| Goodwill | 367.90M | 368.68M | 571.20M | 808.99M | 807.85M | 739.48M |
| Other Intangible Assets | 117.91M | 133.69M | 164.81M | 198.43M | 233.91M | 212.35M |
| Long-Term Deferred Tax Assets | 6.67M | 6.58M | 8.50M | 38.15M | 18.71M | 11.13M |
| Long-Term Deferred Charges | 15.16M | 12.03M | 24.25M | 6.55M | 14.41M | |
| Other Long-Term Assets | 114.64M | 103.78M | 121.24M | 122.00M | 61.18M | 62.87M |
| Total Assets | 1.37B | 1.50B | 1.75B | 2.19B | 2.15B | 2.00B |
| Accounts Payable | 66.52M | 72.64M | 84.18M | 96.58M | 93.94M | 70.42M |
| Accrued Expenses | 135.24M | 175.07M | 160.21M | 178.40M | 179.55M | 219.69M |
| Current Portion of Leases | 30.26M | 35.29M | 35.02M | 40.37M | 37.33M | 47.46M |
| Current Income Taxes Payable | 19.96M | 11.96M | 3.01M | 4.91M | 7.17M | 9.47M |
| Current Unearned Revenue | 59.56M | 58.83M | 64.75M | 81.17M | 87.85M | 95.61M |
| Other Current Liabilities | 5.75M | 2.17M | 6.76M | 1.60M | 5.54M | 1.75M |
| Total Current Liabilities | 317.29M | 355.95M | 353.94M | 403.03M | 411.36M | 444.40M |
| Long-Term Debt | 855.00M | 905.00M | 975.00M | 995.00M | 960.00M | 791.00M |
| Long-Term Leases | 48.12M | 61.44M | 72.08M | 98.70M | 70.83M | 67.28M |
| Long-Term Unearned Revenue | 3.14M | 4.41M | 4.81M | 5.76M | 17.08M | |
| Long-Term Deferred Tax Liabilities | 1.45M | 1.23M | 17.46M | 3.14M | 3.83M | 5.33M |
| Other Long-Term Liabilities | 60.97M | 59.42M | 62.37M | 65.38M | 68.43M | 77.37M |
| Total Liabilities | 1.28B | 1.39B | 1.49B | 1.57B | 1.52B | 1.40B |
| Common Stock | 492.00K | 486.00K | 477.00K | 474.00K | 472.00K | 470.00K |
| Additional Paid-In Capital | 436.78M | 432.27M | 420.18M | 407.42M | 367.67M | 361.13M |
| Retained Earnings | 331.16M | 354.15M | 546.62M | 870.43M | 911.23M | 856.07M |
| Treasury Stock | -584.90M | -584.90M | -584.90M | -589.81M | -593.16M | -597.03M |
| Comprehensive Income & Other | -111.33M | -106.94M | -132.12M | -89.88M | -126.30M | -98.43M |
| Total Common Equity | 72.20M | 95.07M | 250.25M | 598.63M | 559.91M | 522.21M |
| Minority Interest | 18.63M | 17.84M | 17.86M | 16.91M | 73.84M | 72.13M |
| Shareholders' Equity | 90.83M | 112.90M | 268.12M | 615.54M | 633.75M | 594.34M |
| Total Liabilities & Equity | 1.37B | 1.50B | 1.75B | 2.19B | 2.15B | 2.00B |
| Total Debt | 933.37M | 1.00B | 1.08B | 1.13B | 1.07B | 905.75M |
| Net Cash (Debt) | -839.50M | -918.83M | -997.11M | -961.32M | -914.72M | -747.54M |
| Net Cash Per Share | -17.27 | -19.06 | -20.94 | -20.27 | -19.32 | -15.78 |
| Filing Date Shares Outstanding | 49.25M | 48.57M | 47.76M | 47.43M | 47.23M | 46.99M |
| Total Common Shares Outstanding | 47.75M | 48.56M | 47.75M | 47.43M | 47.22M | 46.99M |
| Working Capital | 274.88M | 317.40M | 298.36M | 278.18M | 338.61M | 253.59M |
| Book Value Per Share | 1.51 | 1.96 | 5.24 | 12.62 | 11.86 | 11.11 |
| Tangible Book Value | -413.61M | -407.30M | -485.75M | -408.79M | -481.84M | -429.62M |
| Tangible Book Value Per Share | -8.66 | -8.39 | -10.17 | -8.62 | -10.20 | -9.14 |
| Land | 31.97M | 32.07M | 32.94M | |||
| Machinery | 431.14M | 499.82M | 544.58M | 654.43M | 638.51M | |
| Construction In Progress | 784.00K | |||||
| Leasehold Improvements | 140.98M | 162.30M | 175.96M | 171.14M | 189.16M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -208.85M | -192.47M | -320.96M | 8.43M | 103.24M | 140.97M |
| Depreciation & Amortization | 86.62M | 89.76M | 97.95M | 101.27M | 111.79M | 96.71M |
| Other Amortization | 3.98M | 3.63M | 4.01M | 3.35M | 3.08M | 2.00M |
| Loss (Gain) From Sale of Assets | 1.30M | 1.69M | -13.28M | 2.52M | 1.92M | 1.13M |
| Asset Writedown & Restructuring Costs | 208.26M | 207.37M | 244.09M | 11.73M | 13.75M | 11.25M |
| Stock-Based Compensation | 11.22M | 13.44M | 18.69M | 22.07M | 17.57M | 16.43M |
| Provision & Write-off of Bad Debts | 471.00K | 980.00K | 3.60M | 2.01M | 9.39M | -350.00K |
| Other Operating Activities | -10.77M | -9.99M | 67.77M | 9.88M | 4.83M | 19.00M |
| Change in Accounts Receivable | 17.03M | 1.64M | -66.33M | 22.36M | -74.56M | 40.16M |
| Change in Accounts Payable | 9.89M | 25.07M | -43.22M | 9.52M | -12.70M | -17.21M |
| Change in Unearned Revenue | -61.57M | -58.93M | -38.37M | -58.66M | -83.84M | -71.89M |
| Change in Other Net Operating Assets | 25.32M | 36.69M | -17.12M | 8.57M | 43.70M | 18.41M |
| Operating Cash Flow | 85.65M | 121.08M | -58.82M | 144.76M | 137.05M | 251.30M |
| Capital Expenditures | -44.56M | -38.11M | -45.17M | -67.84M | -84.01M | -60.36M |
| Sale of Property, Plant & Equipment | 5.77M | 4.48M | 45.65M | 261.00K | 229.00K | 93.00K |
| Cash Acquisitions | -142.42M | -481.72M | ||||
| Investing Cash Flow | -38.80M | -33.63M | 477.00K | -67.58M | -226.20M | -541.98M |
| Long-Term Debt Issued | 35.00M | 169.00M | 406.00M | |||
| Long-Term Debt Repaid | -72.32M | -22.41M | -2.32M | -3.25M | -6.63M | |
| Net Debt Issued (Repaid) | -25.84M | -72.32M | -22.41M | 32.68M | 165.75M | 399.37M |
| Repurchase of Common Stock | -877.00K | -1.34M | -1.01M | -3.04M | -7.16M | -11.40M |
| Common Dividends Paid | -2.85M | -49.23M | -48.07M | -42.22M | ||
| Other Financing Activities | -9.09M | -9.63M | -12.03M | -48.65M | -21.48M | -26.11M |
| Financing Cash Flow | -35.80M | -83.30M | -38.30M | -68.23M | 89.04M | 319.64M |
| Foreign Exchange Rate Adjustments | 256.00K | -6.24M | 7.72M | -2.11M | -13.50M | -7.29M |
| Net Cash Flow | 11.31M | -2.09M | -88.91M | 6.84M | -13.62M | 21.67M |
| Free Cash Flow | 41.09M | 82.97M | -103.99M | 76.93M | 53.04M | 190.94M |
| Free Cash Flow Margin | 2.01% | 3.88% | -4.71% | 3.12% | 2.17% | 8.40% |
| Free Cash Flow Per Share | 0.84 | 1.72 | -2.18 | 1.62 | 1.12 | 4.03 |
| Levered Free Cash Flow | 81.57M | 63.79M | -28.35M | 173.78M | 64.62M | 227.75M |
| Unlevered Free Cash Flow | 120.88M | 106.31M | 22.33M | 221.66M | 86.15M | 234.47M |
| Cash Interest Paid | 62.72M | 68.96M | 82.08M | 77.20M | 34.98M | 11.19M |
| Cash Income Tax Paid | 29.60M | 25.29M | 43.61M | 46.13M | 42.56M | 71.39M |
| Change in Working Capital | -9.33M | 4.46M | -165.04M | -18.21M | -127.40M | -30.54M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 76.84M | 174.78M | 238.17M | 1.03B | 2.08B | 4.25B |
| Enterprise Value | 916.34M | 1.10B | 1.30B | 2.00B | 3.05B | 5.10B |
| Last Close Price | 1.59 | 3.60 | 4.99 | 21.54 | 42.29 | 85.35 |
| PE Ratio | 121.94 | 20.18 | 30.18 | |||
| Forward PE | 1.34 | 2.69 | 6.50 | 11.79 | 13.09 | 19.98 |
| PS Ratio | 0.04 | 0.08 | 0.11 | 0.42 | 0.85 | 1.87 |
| PB Ratio | 1.05 | 1.55 | 0.89 | 1.67 | 3.29 | 7.16 |
| P/FCF Ratio | 1.91 | 2.11 | 13.36 | 39.29 | 22.28 | |
| P/OCF Ratio | 0.91 | 1.44 | 7.10 | 15.21 | 16.93 | |
| PEG Ratio | 0.27 | 0.22 | 3.78 | 2.81 | 0.75 | 0.99 |
| EV/Sales Ratio | 0.45 | 0.52 | 0.59 | 0.81 | 1.25 | 2.25 |
| EV/EBITDA Ratio | 5.31 | 5.87 | 7.21 | 8.29 | 10.12 | 15.45 |
| EV/EBIT Ratio | 10.66 | 11.24 | 15.78 | 14.31 | 16.09 | 21.85 |
| EV/FCF Ratio | 22.34 | 13.29 | 25.95 | 57.45 | 26.73 | |
| Debt / Equity Ratio | 10.28 | 8.87 | 4.04 | 1.84 | 1.69 | 1.52 |
| Debt / EBITDA Ratio | 4.43 | 4.40 | 4.83 | 3.91 | 3.08 | 2.37 |
| Debt / FCF Ratio | 22.72 | 12.07 | 14.74 | 20.14 | 4.74 | |
| Net Debt / Equity Ratio | 9.24 | 8.14 | 3.72 | 1.56 | 1.44 | 1.26 |
| Net Debt / EBITDA Ratio | 4.86 | 4.89 | 5.53 | 3.99 | 3.04 | 2.26 |
| Net Debt / FCF Ratio | 20.43 | 11.07 | -9.59 | 12.50 | 17.25 | 3.92 |
| Asset Turnover | 1.33 | 1.31 | 1.12 | 1.14 | 1.18 | 1.29 |
| Quick Ratio | 1.59 | 1.54 | 1.58 | 1.45 | 1.50 | 1.27 |
| Current Ratio | 1.87 | 1.89 | 1.84 | 1.69 | 1.82 | 1.57 |
| Return on Equity (ROE) | -103.51% | -97.15% | -70.30% | 2.92% | 19.11% | 28.63% |
| Return on Assets (ROA) | 3.51% | 3.77% | 2.61% | 4.02% | 5.70% | 8.31% |
| Return on Invested Capital (ROIC) | 8.98% | 8.54% | 5.79% | 4.00% | 10.65% | 15.75% |
| Return on Capital Employed (ROCE) | 8.10% | 8.60% | 5.90% | 7.80% | 10.90% | 15.00% |
| Earnings Yield | -275.38% | -110.12% | -134.77% | 0.82% | 4.95% | 3.31% |
| FCF Yield | 52.47% | 47.47% | -43.66% | 7.49% | 2.54% | 4.49% |
| Dividend Yield | 1.20% | 4.80% | 2.31% | 0.99% | ||
| Payout Ratio | 584.15% | 46.56% | 29.95% | |||
| Buyback Yield / Dilution | -1.65% | -1.25% | -0.41% | -0.18% | 0.11% | -0.84% |
| Total Shareholder Return | -1.65% | -1.25% | 0.79% | 4.62% | 2.42% | 0.16% |