NASDAQ : TTEK
Tetra Tech, Inc. — Financial statements
Industrials · Engineering & Construction · United States
Last price 38.09 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 9.75B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Tetra Tech, Inc. (TTEK) reported revenue of 4.36B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.36B | 4.62B | 4.32B | 3.75B | 2.84B | 2.55B |
| Cost of Revenue | 3.41B | 3.66B | 3.46B | 3.03B | 2.26B | 2.05B |
| Gross Profit | 951.81M | 961.34M | 866.44M | 725.03M | 575.56M | 498.40M |
| Selling, General & Admin | 354.87M | 355.24M | 354.22M | 305.11M | 234.78M | 222.97M |
| Operating Expenses | 354.87M | 355.24M | 354.22M | 305.11M | 234.78M | 222.97M |
| Operating Income | 596.95M | 606.11M | 512.22M | 419.92M | 340.77M | 275.43M |
| Interest Expense | -39.77M | -40.64M | -44.56M | -52.44M | -13.36M | -12.75M |
| Interest & Investment Income | 9.84M | 9.84M | 7.29M | 5.90M | 1.78M | 917.00K |
| Currency Exchange Gain (Loss) | -2.50M | -2.50M | -1.80M | 89.40M | 19.90M | |
| EBT Excluding Unusual Items | 564.51M | 572.80M | 473.14M | 462.79M | 349.10M | 263.60M |
| Merger & Restructuring Charges | -7.14M | -33.17M | ||||
| Impairment of Goodwill | -92.42M | |||||
| Gain (Loss) on Sale of Assets | 12.36M | |||||
| Asset Writedown | -16.39M | |||||
| Legal Settlements | -115.00M | |||||
| Other Unusual Items | 17.30M | 12.23M | -2.54M | -12.26M | -329.00K | 3.27M |
| Pretax Income | 594.18M | 377.62M | 463.47M | 400.98M | 348.77M | 266.87M |
| Income Tax Expense | 157.48M | 129.67M | 130.02M | 127.53M | 85.60M | 34.04M |
| Earnings From Continuing Operations | 436.70M | 247.95M | 333.44M | 273.45M | 263.16M | 232.83M |
| Minority Interest in Earnings | -717.00K | -225.00K | -61.00K | -32.00K | -39.00K | -21.00K |
| Net Income | 435.98M | 247.72M | 333.38M | 273.42M | 263.12M | 232.81M |
| Net Income to Common | 435.98M | 247.72M | 333.38M | 273.42M | 263.12M | 232.81M |
| Shares Outstanding (Basic) | 260.29M | 264.71M | 267.36M | 266.01M | 268.10M | 270.39M |
| Shares Outstanding (Diluted) | 262.13M | 267.12M | 270.04M | 268.19M | 270.81M | 273.38M |
| EPS (Basic) | 1.68 | 0.94 | 1.25 | 1.03 | 0.98 | 0.86 |
| EPS (Diluted) | 1.66 | 0.93 | 1.23 | 1.02 | 0.97 | 0.85 |
| Free Cash Flow | 547.33M | 439.05M | 340.57M | 341.56M | 325.61M | 295.80M |
| Free Cash Flow Per Share | 2.09 | 1.64 | 1.26 | 1.27 | 1.20 | 1.08 |
| Dividend Per Share | 0.27 | 0.25 | 0.22 | 0.20 | 0.17 | 0.15 |
| Gross Margin | 21.84% | 20.82% | 20.05% | 19.33% | 20.30% | 19.53% |
| Operating Margin | 13.70% | 13.13% | 11.85% | 11.20% | 12.02% | 10.79% |
| Profit Margin | 10.00% | 5.37% | 7.71% | 7.29% | 9.28% | 9.12% |
| Free Cash Flow Margin | 12.56% | 9.51% | 7.88% | 9.11% | 11.48% | 11.59% |
| EBITDA | 654.69M | 664.38M | 585.89M | 481.13M | 367.81M | 299.23M |
| EBITDA Margin | 15.02% | 14.39% | 13.56% | 12.83% | 12.97% | 11.72% |
| D&A For EBITDA | 57.74M | 58.28M | 73.68M | 61.21M | 27.03M | 23.80M |
| EBIT | 596.95M | 606.11M | 512.22M | 419.92M | 340.77M | 275.43M |
| EBIT Margin | 13.70% | 13.13% | 11.85% | 11.20% | 12.02% | 10.79% |
| Effective Tax Rate | 26.50% | 34.34% | 28.05% | 31.80% | 24.54% | 12.75% |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 230.84M | 167.46M | 232.69M | 168.83M | 185.09M | 166.57M |
| Cash & Short-Term Investments | 230.84M | 167.46M | 232.69M | 168.83M | 185.09M | 166.57M |
| Accounts Receivable | 1.23B | 1.30B | 1.18B | 1.09B | 847.52M | 772.78M |
| Other Receivables | 15.33M | 21.97M | 9.62M | 10.21M | 14.26M | |
| Receivables | 1.23B | 1.31B | 1.20B | 1.10B | 857.72M | 787.04M |
| Prepaid Expenses | 120.39M | 83.43M | 91.58M | 89.10M | 115.40M | 112.34M |
| Other Current Assets | 57.50M | |||||
| Total Current Assets | 1.58B | 1.62B | 1.53B | 1.36B | 1.16B | 1.07B |
| Property, Plant & Equipment | 263.60M | 263.77M | 251.01M | 250.76M | 214.63M | 253.16M |
| Long-Term Investments | 2.40M | 3.28M | ||||
| Goodwill | 2.22B | 2.05B | 2.05B | 1.88B | 1.11B | 1.11B |
| Other Intangible Assets | 123.59M | 121.16M | 160.59M | 173.94M | 29.16M | 37.99M |
| Long-Term Deferred Tax Assets | 64.92M | 106.24M | 105.53M | 89.00M | 47.80M | 54.41M |
| Other Long-Term Assets | 139.55M | 120.25M | 101.59M | 70.51M | 60.15M | 53.20M |
| Total Assets | 4.39B | 4.28B | 4.19B | 3.82B | 2.62B | 2.58B |
| Accounts Payable | 220.64M | 204.72M | 197.44M | 173.27M | 147.44M | 128.77M |
| Accrued Expenses | 316.66M | 346.91M | 332.10M | 302.75M | 237.67M | 206.32M |
| Current Portion of Long-Term Debt | 12.50M | 12.50M | ||||
| Current Portion of Leases | 74.68M | 69.10M | 63.42M | 65.00M | 57.87M | 67.45M |
| Current Unearned Revenue | 418.10M | 420.25M | 351.74M | 335.04M | 241.34M | 190.40M |
| Other Current Liabilities | 304.27M | 338.05M | 274.83M | 332.07M | 219.20M | 243.03M |
| Total Current Liabilities | 1.33B | 1.38B | 1.22B | 1.21B | 916.02M | 848.48M |
| Long-Term Debt | 801.06M | 763.36M | 812.63M | 879.53M | 246.25M | 200.00M |
| Long-Term Leases | 147.76M | 154.69M | 140.09M | 144.69M | 146.28M | 174.28M |
| Pension & Post-Retirement Benefits | 41.10M | |||||
| Long-Term Deferred Tax Liabilities | 21.83M | 21.33M | 30.16M | 14.26M | 15.16M | 10.56M |
| Other Long-Term Liabilities | 228.12M | 183.57M | 159.84M | 170.36M | 115.93M | 67.84M |
| Total Liabilities | 2.54B | 2.50B | 2.36B | 2.42B | 1.44B | 1.34B |
| Common Stock | 2.56M | 2.61M | 2.68M | 2.66M | 530.00K | 540.00K |
| Additional Paid-In Capital | 35.90M | |||||
| Retained Earnings | 1.96B | 1.87B | 1.87B | 1.60B | 1.39B | 1.36B |
| Comprehensive Income & Other | -105.78M | -95.78M | -78.88M | -195.29M | -208.14M | -125.03M |
| Total Common Equity | 1.85B | 1.78B | 1.83B | 1.40B | 1.18B | 1.23B |
| Minority Interest | 505.00K | 379.00K | 91.00K | 73.00K | 50.00K | 53.00K |
| Shareholders' Equity | 1.85B | 1.78B | 1.83B | 1.40B | 1.18B | 1.23B |
| Total Liabilities & Equity | 4.39B | 4.28B | 4.19B | 3.82B | 2.62B | 2.58B |
| Total Debt | 1.02B | 987.16M | 1.02B | 1.09B | 462.90M | 454.24M |
| Net Cash (Debt) | -792.66M | -819.70M | -783.46M | -920.39M | -277.81M | -287.67M |
| Net Cash Per Share | -3.02 | -3.07 | -2.90 | -3.43 | -1.03 | -1.05 |
| Filing Date Shares Outstanding | 256.04M | 260.83M | 267.74M | 266.24M | 264.91M | 269.43M |
| Total Common Shares Outstanding | 256.04M | 261.42M | 267.72M | 266.24M | 264.90M | 269.90M |
| Working Capital | 245.96M | 241.84M | 307.86M | 147.88M | 242.20M | 217.47M |
| Book Value Per Share | 7.23 | 6.81 | 6.84 | 5.27 | 4.47 | 4.57 |
| Tangible Book Value | -487.84M | -391.25M | -376.83M | -650.75M | 43.51M | 87.67M |
| Tangible Book Value Per Share | -1.91 | -1.50 | -1.41 | -2.44 | 0.16 | 0.32 |
| Machinery | 150.58M | 140.69M | 139.07M | 132.74M | 96.71M | 94.78M |
| Leasehold Improvements | 48.56M | 46.88M | 44.88M | 44.73M | 32.43M | 36.46M |
| Order Backlog | 4.10B |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 435.98M | 247.72M | 333.38M | 273.42M | 263.12M | 232.81M |
| Depreciation & Amortization | 57.74M | 58.28M | 73.68M | 61.21M | 27.03M | 23.80M |
| Loss (Gain) From Sale of Assets | -12.36M | |||||
| Asset Writedown & Restructuring Costs | 92.42M | 16.39M | ||||
| Stock-Based Compensation | 35.59M | 33.95M | 31.16M | 28.61M | 26.23M | 23.07M |
| Provision & Write-off of Bad Debts | 3.15M | 3.15M | ||||
| Other Operating Activities | 29.51M | -14.28M | -4.87M | -97.34M | -18.61M | -42.24M |
| Change in Accounts Receivable | 60.69M | -112.75M | -40.19M | -19.78M | -89.78M | 13.30M |
| Change in Accounts Payable | -17.70M | 2.40M | 18.09M | -19.21M | 17.10M | 13.55M |
| Change in Unearned Revenue | 27.50M | 73.49M | 4.70M | 44.15M | 55.91M | 13.41M |
| Change in Income Taxes | -17.62M | 23.23M | -35.53M | 40.53M | 14.63M | 13.09M |
| Change in Other Net Operating Assets | -35.09M | 50.09M | -21.71M | 40.51M | 40.55M | 13.58M |
| Operating Cash Flow | 567.40M | 457.69M | 358.71M | 368.46M | 336.19M | 304.37M |
| Capital Expenditures | -20.07M | -18.63M | -18.14M | -26.90M | -10.58M | -8.57M |
| Sale of Property, Plant & Equipment | 919.00K | 919.00K | 742.00K | 715.00K | 3.97M | 492.00K |
| Cash Acquisitions | -191.44M | -97.26M | -93.65M | -854.32M | -49.12M | -84.91M |
| Divestitures | 42.67M | 2.41M | ||||
| Other Investing Activities | 1.93M | 109.31M | ||||
| Investing Cash Flow | -164.04M | -106.75M | -111.04M | -771.20M | -55.74M | -92.99M |
| Long-Term Debt Issued | 715.00M | 217.00M | 1.57B | 161.46M | 370.22M | |
| Total Debt Issued | 245.00M | 715.00M | 217.00M | 1.57B | 161.46M | 370.22M |
| Short-Term Debt Repaid | -36.63M | |||||
| Long-Term Debt Repaid | -778.85M | -293.53M | -1.03B | -121.42M | -417.02M | |
| Total Debt Repaid | -323.90M | -778.85M | -293.53M | -1.03B | -121.42M | -453.65M |
| Net Debt Issued (Repaid) | -78.90M | -63.85M | -76.53M | 538.23M | 40.03M | -83.43M |
| Issuance of Common Stock | 817.00K | 469.00K | 3.07M | 626.00K | 1.81M | 11.25M |
| Repurchase of Common Stock | -264.60M | -264.03M | -12.98M | -16.83M | -225.22M | -77.63M |
| Common Dividends Paid | -69.52M | -65.04M | -58.83M | -52.11M | -46.10M | -40.04M |
| Other Financing Activities | -3.09M | -17.79M | -46.11M | -87.53M | -20.12M | -20.25M |
| Financing Cash Flow | -415.29M | -410.24M | -191.38M | 382.38M | -249.61M | -210.10M |
| Foreign Exchange Rate Adjustments | -65.00K | -5.00M | 7.57M | 4.09M | -12.31M | 7.77M |
| Net Cash Flow | -12.00M | -64.32M | 63.86M | -16.26M | 18.53M | 9.05M |
| Free Cash Flow | 547.33M | 439.05M | 340.57M | 341.56M | 325.61M | 295.80M |
| Free Cash Flow Margin | 12.56% | 9.51% | 7.88% | 9.11% | 11.48% | 11.59% |
| Free Cash Flow Per Share | 2.09 | 1.64 | 1.26 | 1.27 | 1.20 | 1.08 |
| Levered Free Cash Flow | 396.64M | 422.11M | 284.45M | 376.01M | 250.69M | 254.86M |
| Unlevered Free Cash Flow | 421.50M | 447.51M | 312.30M | 408.78M | 259.04M | 262.83M |
| Cash Interest Paid | 29.64M | 34.96M | 36.85M | 47.37M | 13.38M | 10.33M |
| Cash Income Tax Paid | 127.89M | 110.83M | 180.71M | 93.18M | 70.80M | 59.11M |
| Change in Working Capital | 17.78M | 36.45M | -74.64M | 86.19M | 38.41M | 66.93M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.90B | 8.76B | 12.42B | 8.09B | 6.85B | 8.21B |
| Enterprise Value | 10.69B | 9.59B | 13.26B | 9.07B | 7.12B | 8.48B |
| Last Close Price | 38.65 | 33.06 | 45.71 | 29.78 | 25.02 | 29.38 |
| PE Ratio | 23.22 | 35.35 | 37.25 | 29.61 | 26.05 | 35.27 |
| Forward PE | 23.00 | 22.85 | 32.83 | 27.45 | 28.53 | 38.00 |
| PS Ratio | 2.27 | 1.90 | 2.87 | 2.16 | 2.42 | 3.22 |
| PB Ratio | 5.34 | 4.92 | 6.79 | 5.77 | 5.79 | 6.65 |
| P/TBV Ratio | 157.50 | 93.66 | ||||
| P/FCF Ratio | 18.08 | 19.95 | 36.47 | 23.70 | 21.05 | 27.76 |
| P/OCF Ratio | 17.44 | 19.14 | 34.62 | 21.97 | 20.39 | 26.98 |
| PEG Ratio | 2.29 | 2.29 | 2.11 | 1.74 | 2.38 | |
| EV/Sales Ratio | 2.45 | 2.08 | 3.07 | 2.42 | 2.51 | 3.32 |
| EV/EBITDA Ratio | 16.33 | 14.43 | 22.64 | 18.85 | 19.36 | 28.33 |
| EV/EBIT Ratio | 17.91 | 15.82 | 25.89 | 21.60 | 20.90 | 30.77 |
| EV/FCF Ratio | 19.53 | 21.84 | 38.95 | 26.56 | 21.87 | 28.65 |
| Debt / Equity Ratio | 0.55 | 0.56 | 0.56 | 0.78 | 0.39 | 0.37 |
| Debt / EBITDA Ratio | 1.35 | 1.29 | 1.48 | 1.90 | 1.02 | 1.16 |
| Debt / FCF Ratio | 1.87 | 2.25 | 2.98 | 3.19 | 1.42 | 1.54 |
| Net Debt / Equity Ratio | 0.43 | 0.46 | 0.43 | 0.66 | 0.23 | 0.23 |
| Net Debt / EBITDA Ratio | 1.21 | 1.23 | 1.34 | 1.91 | 0.76 | 0.96 |
| Net Debt / FCF Ratio | 1.45 | 1.87 | 2.30 | 2.69 | 0.85 | 0.97 |
| Asset Turnover | 1.00 | 1.09 | 1.08 | 1.16 | 1.09 | 1.03 |
| Quick Ratio | 1.09 | 1.07 | 1.18 | 1.05 | 1.14 | 1.12 |
| Current Ratio | 1.18 | 1.18 | 1.25 | 1.12 | 1.26 | 1.26 |
| Return on Equity (ROE) | 24.30% | 13.73% | 20.62% | 21.14% | 21.77% | 20.50% |
| Return on Assets (ROA) | 8.54% | 8.94% | 7.99% | 8.15% | 8.19% | 6.95% |
| Return on Invested Capital (ROIC) | 16.26% | 15.27% | 14.93% | 15.13% | 17.24% | 16.18% |
| Return on Capital Employed (ROCE) | 19.50% | 20.90% | 17.20% | 16.10% | 20.00% | 15.90% |
| Earnings Yield | 4.31% | 2.83% | 2.68% | 3.38% | 3.84% | 2.83% |
| FCF Yield | 5.53% | 5.01% | 2.74% | 4.22% | 4.75% | 3.60% |
| Dividend Yield | 0.75% | 0.73% | 0.47% | 0.65% | 0.66% | 0.49% |
| Payout Ratio | 17.30% | 26.25% | 17.65% | 19.06% | 17.52% | 17.20% |
| Buyback Yield / Dilution | 2.55% | 1.08% | -0.69% | 0.97% | 0.94% | 0.63% |
| Total Shareholder Return | 3.30% | 1.81% | -0.22% | 1.62% | 1.60% | 1.12% |