TTEK · Tetra Tech Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $5.44B | $5.20B | $4.52B | $3.50B | $3.21B | $2.99B |
| Cost of Revenue | $771.46M | - | - | - | - | - |
| Gross Profit | $961.34M | $866.44M | $725.03M | $575.56M | $498.40M | $446.54M |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $58.28M | $73.68M | $61.21M | $27.03M | $23.80M | $24.61M |
| Operating Income | $408.42M | $500.74M | $358.11M | $340.45M | $278.70M | $241.09M |
| Interest Expense | $40.64M | $13.36M | $52.44M | $13.36M | $12.75M | $14.47M |
| Income Tax | $129.67M | $130.02M | $127.53M | $85.60M | $34.04M | $54.10M |
| Net Income | $247.72M | $333.38M | $273.42M | $263.13M | $232.81M | $173.86M |
| EPS - Basic | $0.94 | $1.25 | $1.03 | $0.98 | $0.86 | $0.64 |
| EPS - Diluted | $0.93 | $1.23 | $1.02 | $0.97 | $0.85 | $0.63 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $167.46M | $232.69M | $168.83M | $185.09M | $166.57M | $157.51M |
| Accounts Receivable | $1.16B | $1.05B | $974.53M | $755.11M | $669.00M | $649.03M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $204.72M | $197.44M | $173.27M | $147.44M | $128.77M | $111.80M |
| Current Assets | $1.62B | $1.53B | $1.36B | $1.16B | $1.07B | $999.78M |
| Total Assets | $4.28B | $4.19B | $3.82B | $2.62B | $2.58B | $2.38B |
| Current Liabilities | $1.38B | $1.22B | $1.21B | $916.02M | $848.48M | $793.46M |
| Long-term Debt | $763.36M | $812.63M | $879.53M | $246.25M | $200.00M | $242.40M |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $1.78B | $1.83B | $1.40B | $1.18B | $1.23B | $1.04B |
| Retained Earnings | $1.87B | $1.87B | $1.60B | $1.39B | $1.36B | $1.20B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $457.69M | $358.71M | $368.46M | $336.19M | $304.37M | $262.48M |
| Investing Cash Flow | ($106.75M) | ($111.04M) | ($771.20M) | ($55.74M) | ($92.99M) | ($63.02M) |
| Financing Cash Flow | ($410.24M) | ($191.38M) | $382.38M | ($249.61M) | ($210.10M) | ($163.05M) |
| CapEx | $18.63M | $18.14M | $26.90M | $10.58M | $8.57M | $12.24M |
| Free Cash Flow | $439.05M | $340.57M | $341.56M | $325.61M | $295.80M | $250.23M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 17.7% | 16.7% | 16.0% | 16.4% | 15.5% | 14.9% |
| Operating margin | 7.5% | 9.6% | 7.9% | 9.7% | 8.7% | 8.1% |
| EBITDA margin | 8.6% | 11.0% | 9.3% | 10.5% | 9.4% | 8.9% |
| Net margin | 4.6% | 6.4% | 6.0% | 7.5% | 7.2% | 5.8% |
| Free cash flow margin | 8.1% | 6.6% | 7.6% | 9.3% | 9.2% | 8.4% |
| FCF / Net income | 1.77 | 1.02 | 1.25 | 1.24 | 1.27 | 1.44 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 34.4% | 28.1% | 31.8% | 24.5% | 12.8% | 23.7% |
| Return on assets | 5.8% | 8.0% | 7.2% | 10.0% | 9.0% | 7.3% |
| Return on equity | 13.9% | 18.2% | 19.5% | 22.2% | 18.9% | 16.8% |
| Return on invested capital | 10.5% | 13.6% | 10.7% | 18.0% | 17.0% | 14.4% |
| Liquidity | ||||||
| Current ratio | 1.18 | 1.25 | 1.12 | 1.26 | 1.26 | 1.26 |
| Quick ratio | 1.18 | 1.25 | 1.12 | 1.26 | 1.26 | 1.26 |
| Cash ratio | 0.12 | 0.19 | 0.14 | 0.20 | 0.20 | 0.20 |
| Leverage | ||||||
| Debt / Equity | 0.43 | 0.44 | 0.63 | 0.21 | 0.16 | 0.23 |
| Debt / Assets | 0.18 | 0.19 | 0.23 | 0.09 | 0.08 | 0.10 |
| Debt / EBITDA | 1.64 | 1.41 | 2.10 | 0.67 | 0.66 | 0.91 |
| Interest coverage | 10.0x | 37.5x | 6.8x | 25.5x | 21.9x | 16.7x |
| Equity multiplier | 2.41 | 2.29 | 2.72 | 2.22 | 2.09 | 2.29 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 1.27 | 1.24 | 1.18 | 1.34 | 1.25 | 1.26 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 78d | 74d | 79d | 79d | 76d | 79d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 97d | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 35.9x | 38.3x | 29.8x | 26.4x | 35.6x | 28.9x |
| P / B | 5.0x | 7.0x | 1.2x | 1.2x | 1.3x | 1.0x |
| P / S | 1.6x | 2.4x | 0.4x | 0.4x | 0.5x | 0.3x |
| EV / EBITDA | 20.4x | 23.2x | 5.6x | 4.0x | 5.6x | 4.1x |
| Growth | ||||||
| Revenue growth (YoY) | 4.7% | 15.0% | 29.1% | 9.0% | 7.3% | 8.8% |
| Revenue CAGR (3y) | 15.8% | 17.4% | 14.7% | 8.4% | 7.5% | - |
| Revenue CAGR (5y) | 12.7% | 13.6% | 11.9% | - | - | - |
| Gross profit growth (YoY) | 11.0% | 19.5% | 26.0% | 15.5% | 11.6% | 9.4% |
| Operating income growth (YoY) | -18.4% | 39.8% | 5.2% | 22.2% | 15.6% | 27.7% |
| Net income growth (YoY) | -25.7% | 21.9% | 3.9% | 13.0% | 33.9% | 9.6% |
| EPS growth (YoY) | -24.4% | 20.6% | 4.9% | 14.1% | 34.8% | -77.7% |
| EPS CAGR (3y) | -1.5% | 13.0% | 17.3% | -30.1% | -29.4% | -32.3% |
| EPS CAGR (5y) | 8.0% | -15.4% | -15.9% | -13.8% | -9.7% | -0.3% |
| FCF growth (YoY) | 28.9% | -0.3% | 4.9% | 10.1% | 18.2% | 30.1% |
| FCF CAGR (5y) | 11.9% | 12.1% | 20.9% | 20.5% | 17.9% | 12.6% |
| Book value growth (YoY) | -2.8% | 30.4% | 18.6% | -4.1% | 19.0% | 4.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-09-28.
Business segments
$5.44B totalCommercial International Services Group$2.81B · 51.5%
Government Services Group$2.64B · 48.5%
Geographic
$5.44B totalUS$3.45B · 63.3%
GB$771.72M · 14.2%
CA$512.29M · 9.4%
AU$489.10M · 9.0%
Other Countries$223.63M · 4.1%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Engineering Services
Comparing TETRA TECH INC against the 5 most active filers in the same SIC group.
Dividends
$0.27/share trailing 12 months · +11.7% YoY
| Ex-date | Per share |
|---|---|
| May 14, 2026 | $0.0720 |
| Feb 12, 2026 | $0.0650 |
| Dec 1, 2025 | $0.0650 |
| Aug 15, 2025 | $0.0650 |
| May 23, 2025 | $0.0650 |
| Feb 12, 2025 | $0.0580 |
| Nov 27, 2024 | $0.0580 |
| Aug 15, 2024 | $0.0580 |
| May 17, 2024 | $0.0580 |
| Feb 13, 2024 | $0.0520 |
| Nov 29, 2023 | $0.0520 |
| Aug 22, 2023 | $0.0520 |
| May 23, 2023 | $0.0520 |
| Feb 10, 2023 | $0.0460 |
| Nov 18, 2022 | $0.0460 |
| Aug 11, 2022 | $0.0460 |
| May 12, 2022 | $0.0460 |
| Feb 10, 2022 | $0.0400 |
| Dec 1, 2021 | $0.0400 |
| Aug 19, 2021 | $0.0400 |
| May 11, 2021 | $0.0400 |
| Feb 9, 2021 | $0.0340 |
| Nov 27, 2020 | $0.0340 |
| Aug 20, 2020 | $0.0340 |