Tetra Tech (TTEK) Financials

$29.98 -0.44 (-1.45%)

Closing price 04/15/2025 04:00 PM Eastern

Extended Trading

$30.00 +0.02 (+0.07%)

As of 04/15/2025 06:49 PM Eastern

Annual Income Statements for Tetra Tech

This table shows Tetra Tech's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	39	84	118	137	159	174	233	263	273	333
Consolidated Net Income / (Loss)	39	84	118	137	159	174	233	263	273	333
Net Income / (Loss) Continuing Operations	39	84	118	137	159	174	233	263	273	333
Total Pre-Tax Income	80	124	172	175	175	228	267	349	401	463
Total Operating Income	88	136	183	190	189	241	279	340	358	501
Total Gross Profit	316	330	354	384	408	447	498	576	725	866
Total Revenue	2,299	2,583	2,753	2,964	3,107	2,995	3,214	3,504	4,523	5,199
Operating Revenue	2,299	2,583	2,753	2,964	3,107	2,995	3,214	3,504	4,523	5,199
Total Cost of Revenue	1,984	2,253	2,400	2,580	2,699	2,548	2,715	2,928	3,798	4,332
Operating Cost of Revenue	581	654	2,400	2,580	2,699	2,548	2,715	2,928	3,798	4,332
Total Operating Expenses	228	194	170	194	219	205	220	235	367	366
Selling, General & Admin Expense	170	172	177	190	200	205	223	235	305	356
Other Operating Expenses / (Income)	-3.11	2.82	-6.92	4.25	1.09	-15	-3.27	0.33	12	2.54
Impairment Charge	61	-	0.00	0.00	7.76	16	0.00	0.00	16	0.00
Restructuring Charge	0.00	20	0.00	0.00	10	-	0.00	0.00	33	7.14
Total Other Income / (Expense), net	-7.36	-11	-12	-16	-14	-13	-12	8.32	43	-37
Interest Expense	8.04	12	12	17	15	14	13	13	52	45
Interest & Investment Income	0.68	1.00	0.73	1.82	1.73	1.38	0.92	1.78	5.90	7.29
Other Income / (Expense), net	-	-	-	-	-	0.00	0.00	20	89	0.00
Income Tax Expense	41	41	54	38	16	54	34	86	128	130
Net Income / (Loss) Attributable to Noncontrolling Interest	0.15	0.07	0.04	0.07	0.09	0.03	0.02	0.04	0.03	0.06
Basic Earnings per Share	$0.64	$1.44	$2.07	$2.46	$2.89	$3.21	$4.31	$0.98	$1.03	$1.25
Weighted Average Basic Shares Outstanding	60.91M	58.19M	56.91M	55.67M	54.99M	54.24M	54.08M	268.10M	266.02M	267.36M
Diluted Earnings per Share	$0.64	$1.42	$2.04	$2.42	$2.84	$3.16	$4.26	$0.97	$1.02	$1.23
Weighted Average Diluted Shares Outstanding	61.53M	58.97M	57.91M	56.60M	55.94M	55.02M	54.68M	270.82M	268.19M	270.04M
Weighted Average Basic & Diluted Shares Outstanding	61.10M	58.20M	56.90M	55.60M	54.90M	53.78M	53.89M	52.98M	53.25M	267.74M
Cash Dividends to Common per Share	$0.30	$0.34	$0.38	$0.44	$0.54	$0.64	$0.74	-	-	$0.22

This table shows Tetra Tech's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Income / (Loss) Attributable to Common Shareholders	59	83	117	43	60	54	75	76	86	96	0.75
Consolidated Net Income / (Loss)	59	83	117	43	60	54	75	76	86	96	0.78
Net Income / (Loss) Continuing Operations	59	83	117	43	60	54	75	76	86	96	0.78
Total Pre-Tax Income	81	112	155	69	83	94	102	108	119	135	15
Total Operating Income	84	95	92	61	98	107	111	118	129	143	23
Total Gross Profit	145	156	153	171	189	212	190	207	223	245	221
Total Revenue	890	903	895	1,158	1,209	1,261	1,228	1,252	1,344	1,374	1,421
Operating Revenue	890	903	895	1,158	1,209	1,261	1,228	1,252	1,344	1,374	1,421
Total Cost of Revenue	746	747	742	987	1,020	1,049	1,038	1,044	1,121	1,129	1,199
Operating Cost of Revenue	746	747	742	987	1,020	1,049	1,038	1,044	1,121	1,129	1,199
Total Operating Expenses	61	61	61	110	91	105	79	90	95	102	199
Selling, General & Admin Expense	61	61	57	82	89	77	79	90	94	93	84
Other Special Charges / (Income)	-	-	-	-	-	-	0.00	-	-	-	115
Total Other Income / (Expense), net	-2.92	17	63	8.08	-15	-13	-9.58	-9.88	-9.91	-7.90	-7.22
Interest Expense	2.92	4.40	5.37	13	-	-	9.58	9.88	-	-	7.22
Income Tax Expense	22	29	38	26	23	41	27	31	33	39	15
Net Income / (Loss) Attributable to Noncontrolling Interest	0.01	0.01	0.01	0.01	0.00	0.01	0.01	0.01	0.01	0.03	0.03
Basic Earnings per Share	$1.10	$0.31	$2.20	$0.80	$1.13	$0.20	$0.28	$1.43	$1.60	$0.36	$0.00
Weighted Average Basic Shares Outstanding	53.51M	268.10M	53.07M	53.23M	53.23M	266.02M	266.59M	53.48M	53.52M	267.36M	267.85M
Diluted Earnings per Share	$1.09	$0.31	$2.18	$0.80	$1.12	$0.20	$0.28	$1.42	$1.59	$0.36	$0.00
Weighted Average Diluted Shares Outstanding	54.01M	270.82M	53.53M	53.63M	53.65M	268.19M	268.69M	53.88M	54.05M	270.04M	271.89M
Weighted Average Basic & Diluted Shares Outstanding	53.32M	52.98M	53.23M	53.23M	53.25M	53.25M	53.47M	53.50M	53.53M	267.74M	268.04M
Cash Dividends to Common per Share	$0.23	$0.05	$0.23	$0.23	$0.26	$0.05	-	$0.26	$0.29	$0.06	$0.06

This table details how cash moves in and out of Tetra Tech's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	13	25	30	-44	-28	37	9.05	19	-16	64
Net Cash From Operating Activities	163	142	141	186	209	262	304	336	368	359
Net Cash From Continuing Operating Activities	163	142	141	186	209	262	304	336	368	359
Net Income / (Loss) Continuing Operations	39	84	118	137	159	174	233	263	273	333
Consolidated Net Income / (Loss)	39	84	118	137	159	174	233	263	273	333
Depreciation Expense	44	46	46	39	29	25	24	27	61	74
Non-Cash Adjustments To Reconcile Net Income	62	27	-28	-15	33	165	33	-84	-51	6.02
Changes in Operating Assets and Liabilities, net	18	-14	5.67	25	-12	-101	15	130	85	-54
Net Cash From Investing Activities	-21	-94	-17	-43	-100	-63	-93	-56	-771	-111
Net Cash From Continuing Investing Activities	-21	-94	-17	-43	-100	-63	-93	-56	-771	-111
Purchase of Property, Plant & Equipment	-24	-12	-9.74	-9.73	-16	-12	-8.57	-11	-27	-18
Acquisitions	-12	-83	-8.04	-68	-84	-68	-85	-49	-854	-94
Sale of Property, Plant & Equipment	10	-	-	-	0.65	18	0.49	3.97	0.72	0.74
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	0.00	109	0.00
Net Cash From Financing Activities	-124	-25	-98	-182	-135	-163	-210	-250	382	-191
Net Cash From Continuing Financing Activities	-124	-25	-98	-182	-135	-163	-210	-250	382	-191
Repayment of Debt	-77	-151	-234	-488	-415	-331	-414	-117	-1,041	-287
Repurchase of Common Equity	-101	-100	-100	-75	-100	-117	-60	-200	0.00	0.00
Payment of Dividends	-19	-20	-22	-24	-30	-35	-40	-46	-52	-59
Issuance of Debt	65	229	244	402	417	308	370	161	1,570	217
Other Financing Activities, net	-3.03	-2.33	14	3.24	-7.16	12	-66	-48	-95	-63
Effect of Exchange Rate Changes	-5.30	2.52	3.45	-4.95	-1.73	0.21	7.77	-12	4.09	7.57
Cash Interest Paid	7.32	13	12	16	12	13	10	13	47	37
Cash Income Taxes Paid	23	35	73	50	66	55	59	71	93	181

This table details how cash moves in and out of Tetra Tech's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Change in Cash & Equivalents	23	-32	-13	60	-55	-7.23	30	12	2.03	20	15
Net Cash From Operating Activities	98	60	25	88	133	122	9.25	103	141	106	13
Net Cash From Continuing Operating Activities	98	60	25	88	133	122	9.25	103	141	106	13
Net Income / (Loss) Continuing Operations	59	83	117	43	60	54	75	76	86	96	0.78
Consolidated Net Income / (Loss)	59	83	117	43	60	54	75	76	86	96	0.78
Depreciation Expense	6.88	7.49	6.62	17	20	18	19	18	20	17	16
Non-Cash Adjustments To Reconcile Net Income	-47	-48	-76	-27	1.85	51	-15	7.98	-20	32	-83
Changes in Operating Assets and Liabilities, net	80	18	-22	56	51	-0.18	-71	0.77	55	-40	79
Net Cash From Investing Activities	-2.71	-17	-4.95	-750	-6.68	-9.30	-3.43	-76	-25	-6.74	-3.43
Net Cash From Continuing Investing Activities	-2.71	-17	-4.95	-750	-6.68	-9.30	-3.43	-76	-25	-6.74	-3.43
Purchase of Property, Plant & Equipment	-2.78	-2.18	-5.00	-5.30	-7.03	-9.58	-3.43	-4.01	-3.86	-6.81	-3.43
Net Cash From Financing Activities	-67	-67	-42	723	-186	-112	18	-13	-113	-84	19
Net Cash From Continuing Financing Activities	-67	-67	-42	723	-186	-112	18	-13	-113	-84	19
Repayment of Debt	-3.13	-8.13	-73	-177	-162	-629	-60	-50	-90	-87	-15
Repurchase of Common Equity	-50	-50	-	-	-	-	0.00	-	-	-	-25
Payment of Dividends	-12	-12	-12	-12	-14	-14	-14	-14	-16	-16	-16
Issuance of Debt	-	20	61	915	3.97	590	125	55	-	37	90
Other Financing Activities, net	-1.26	-17	-18	-3.46	-14	-59	-33	-3.85	-7.57	-18	-15
Effect of Exchange Rate Changes	-6.02	-7.91	8.70	-0.80	4.51	-8.32	5.66	-2.85	-0.66	5.43	-14
Cash Interest Paid	2.42	5.82	3.43	15	16	13	6.37	14	3.34	9.99	4.30
Cash Income Taxes Paid	24	22	15	26	15	38	43	42	31	65	14

This table presents Tetra Tech's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	1,559	1,801	1,903	1,959	2,147	2,379	2,577	2,623	3,820	4,193
Total Current Assets	824	935	1,042	1,050	1,080	1,000	1,066	1,158	1,356	1,527
Cash & Equivalents	135	160	190	146	121	158	167	185	169	233
Accounts Receivable	636	714	789	694	769	649	669	755	975	1,051
Prepaid Expenses	42	46	50	56	62	81	112	115	89	114
Other Current Assets	-	-	-	143	114	93	104	92	114	130
Plant, Property, & Equipment, net	65	68	57	43	39	36	38	32	75	73
Total Noncurrent Assets	671	798	804	866	1,028	1,343	1,473	1,432	2,390	2,592
Goodwill	601	718	741	799	925	993	1,109	1,110	1,880	2,047
Intangible Assets	40	49	27	16	16	14	38	29	174	161
Noncurrent Deferred & Refundable Income Taxes	0.00	0.63	1.76	8.61	28	32	54	48	89	106
Other Noncurrent Operating Assets	27	28	32	39	52	296	269	245	246	280
Total Liabilities & Shareholders' Equity	1,559	1,801	1,903	1,959	2,147	2,379	2,577	2,623	3,820	4,193
Total Liabilities	702	931	974	992	1,158	1,341	1,342	1,440	2,417	2,362
Total Current Liabilities	450	481	538	618	770	793	848	916	1,208	1,220
Short-Term Debt	12	16	18	26	37	65	32	41	51	27
Accounts Payable	150	159	178	160	207	112	129	147	173	197
Current Employee Benefit Liabilities	104	129	143	180	203	200	206	238	303	332
Other Current Liabilities	70	89	82	100	322	416	481	490	681	663
Total Noncurrent Liabilities	252	450	436	374	388	548	494	524	1,209	1,143
Long-Term Debt	181	332	341	265	264	242	200	246	880	813
Capital Lease Obligations	-	-	-	-	0.00	192	174	146	145	140
Noncurrent Deferred & Payable Income Tax Liabilities	35	60	44	30	13	16	11	15	14	30
Other Noncurrent Operating Liabilities	36	58	51	79	111	97	109	116	170	160
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	857	869	929	967	989	1,037	1,234	1,183	1,404	1,830
Total Preferred & Common Equity	856	869	928	967	989	1,037	1,234	1,183	1,403	1,830
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	856	869	928	967	989	1,037	1,234	1,183	1,403	1,830
Common Stock	327	261	194	149	79	0.54	0.54	0.53	2.66	39
Retained Earnings	672	736	833	945	1,071	1,199	1,359	1,391	1,596	1,871
Accumulated Other Comprehensive Income / (Loss)	-143	-128	-99	-127	-161	-162	-125	-208	-195	-79
Noncontrolling Interest	0.47	0.14	0.17	0.13	0.18	0.05	0.05	0.05	0.07	0.09

This table presents Tetra Tech's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Total Assets	2,678	2,731	3,985	3,974	3,951	4,071	4,085	4,179
Total Current Assets	1,145	1,235	1,469	1,418	1,454	1,480	1,506	1,632
Cash & Equivalents	217	164	231	176	199	210	212	248
Accounts Receivable	723	796	990	1,002	1,041	1,038	1,054	1,118
Prepaid Expenses	94	194	126	114	126	129	122	144
Other Current Assets	100	81	121	125	89	103	119	122
Plant, Property, & Equipment, net	35	35	77	81	75	73	71	67
Total Noncurrent Assets	1,497	1,462	2,440	2,474	2,422	2,518	2,508	2,480
Goodwill	1,151	1,133	1,856	1,887	1,923	1,978	1,992	1,969
Intangible Assets	34	28	233	225	168	176	164	142
Noncurrent Deferred & Refundable Income Taxes	57	52	74	82	76	88	90	97
Other Noncurrent Operating Assets	251	249	276	281	254	277	262	273
Total Liabilities & Shareholders' Equity	2,678	2,731	3,985	3,974	3,951	4,071	4,085	4,179
Total Liabilities	1,473	1,408	2,629	2,521	2,413	2,486	2,419	2,487
Total Current Liabilities	945	871	1,173	1,212	1,161	1,194	1,246	1,267
Short-Term Debt	59	46	59	48	38	47	47	24
Accounts Payable	138	151	236	189	207	216	198	238
Current Employee Benefit Liabilities	225	184	223	271	223	251	317	223
Other Current Liabilities	523	215	656	704	694	680	683	782
Total Noncurrent Liabilities	527	537	1,456	1,309	1,252	1,292	1,172	1,220
Long-Term Debt	234	234	1,065	907	945	951	862	888
Capital Lease Obligations	154	-	161	164	140	139	129	135
Noncurrent Deferred & Payable Income Tax Liabilities	18	33	63	71	12	18	17	25
Other Noncurrent Operating Liabilities	120	270	168	166	156	184	164	172
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,205	1,324	1,356	1,453	1,538	1,585	1,666	1,692
Total Preferred & Common Equity	1,205	1,324	1,356	1,453	1,538	1,585	1,666	1,692
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,205	1,324	1,356	1,453	1,538	1,585	1,666	1,692
Common Stock	0.53	3.81	11	18	11	20	29	24
Retained Earnings	1,362	1,495	1,526	1,572	1,659	1,722	1,792	1,856
Accumulated Other Comprehensive Income / (Loss)	-158	-175	-181	-138	-132	-157	-155	-188
Noncontrolling Interest	0.05	0.06	0.07	0.07	0.08	0.06	0.07	0.12

This table displays calculated financial ratios and metrics derived from Tetra Tech's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.43%	12.36%	6.58%	7.66%	4.83%	-3.62%	7.30%	9.04%	29.07%	14.95%
EBITDA Growth	-36.71%	37.58%	26.26%	-0.16%	-4.86%	22.10%	13.85%	28.06%	31.32%	12.91%
EBIT Growth	-43.00%	54.94%	34.95%	3.68%	-0.70%	27.72%	15.60%	29.30%	24.19%	11.89%
NOPAT Growth	-63.03%	113.73%	37.52%	18.49%	14.74%	7.46%	32.23%	5.65%	-4.93%	47.51%
Net Income Growth	-63.90%	113.76%	40.62%	16.15%	15.92%	9.53%	33.90%	13.03%	3.91%	21.94%
EPS Growth	-61.45%	121.88%	43.66%	18.63%	17.36%	11.27%	34.81%	13.03%	3.91%	20.59%
Operating Cash Flow Growth	27.85%	-12.79%	-0.38%	31.27%	12.26%	25.88%	15.96%	10.45%	9.60%	-2.65%
Free Cash Flow Firm Growth	126.12%	-122.41%	270.16%	59.56%	-14.14%	-121.60%	675.73%	104.41%	-314.33%	114.65%
Invested Capital Growth	-16.47%	15.50%	3.89%	1.25%	4.94%	17.97%	7.18%	-2.64%	61.33%	11.58%
Revenue Q/Q Growth	-1.87%	6.17%	0.24%	0.14%	3.40%	-2.86%	4.51%	0.30%	8.60%	2.24%
EBITDA Q/Q Growth	-26.40%	61.49%	3.19%	-6.04%	-9.60%	19.88%	5.79%	9.42%	0.63%	6.48%
EBIT Q/Q Growth	-33.82%	97.99%	4.24%	-5.64%	-10.70%	23.62%	5.73%	10.04%	-1.61%	7.74%
NOPAT Q/Q Growth	-56.94%	270.98%	2.52%	-2.90%	-9.02%	20.96%	19.63%	-6.02%	-2.26%	12.55%
Net Income Q/Q Growth	-58.11%	299.53%	2.88%	-3.98%	-9.82%	23.53%	19.67%	0.01%	-9.68%	14.62%
EPS Q/Q Growth	-57.33%	273.68%	3.55%	-3.59%	-9.55%	23.92%	19.66%	0.01%	-9.68%	-77.26%
Operating Cash Flow Q/Q Growth	10.65%	19.80%	14.30%	27.05%	-6.43%	-9.39%	3.36%	-4.98%	20.31%	-4.48%
Free Cash Flow Firm Q/Q Growth	34.69%	-43.59%	-11.86%	62.66%	13.37%	-138.57%	-55.95%	410.55%	11.22%	-58.54%
Invested Capital Q/Q Growth	-9.96%	-1.76%	-0.40%	-5.22%	-7.31%	2.27%	20.89%	-0.01%	-3.59%	3.43%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	13.73%	12.78%	12.84%	12.97%	13.14%	14.91%	15.51%	16.43%	16.03%	16.67%
EBITDA Margin	5.74%	7.02%	8.32%	7.72%	7.00%	8.87%	9.41%	11.06%	11.25%	11.05%
Operating Margin	3.81%	5.26%	6.66%	6.41%	6.07%	8.05%	8.67%	9.72%	7.92%	9.63%
EBIT Margin	3.81%	5.26%	6.66%	6.41%	6.07%	8.05%	8.67%	10.28%	9.90%	9.63%
Profit (Net Income) Margin	1.71%	3.25%	4.28%	4.62%	5.11%	5.81%	7.25%	7.51%	6.05%	6.41%
Tax Burden Percent	48.84%	67.37%	68.65%	78.46%	90.65%	76.27%	87.25%	75.46%	68.20%	71.95%
Interest Burden Percent	91.60%	91.62%	93.68%	91.83%	92.78%	94.57%	95.75%	96.79%	89.60%	92.56%
Effective Tax Rate	51.16%	32.63%	31.35%	21.54%	9.35%	23.73%	12.75%	24.54%	31.80%	28.05%
Return on Invested Capital (ROIC)	4.27%	9.31%	11.72%	13.54%	15.06%	14.50%	17.11%	17.70%	13.05%	14.74%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.06%	2.92%	7.18%	5.62%	7.23%	10.58%	13.49%	20.29%	18.11%	11.50%
Return on Net Nonoperating Assets (RNNOA)	-0.08%	0.41%	1.40%	0.91%	1.16%	2.65%	3.39%	4.07%	8.09%	5.88%
Return on Equity (ROE)	4.20%	9.72%	13.12%	14.45%	16.23%	17.16%	20.50%	21.77%	21.14%	20.62%
Cash Return on Invested Capital (CROIC)	22.22%	-5.08%	7.90%	12.30%	10.24%	-1.98%	10.18%	20.38%	-33.88%	3.80%
Operating Return on Assets (OROA)	5.26%	8.09%	9.90%	9.84%	9.19%	10.65%	11.25%	13.86%	13.89%	12.50%
Return on Assets (ROA)	2.35%	4.99%	6.37%	7.09%	7.73%	7.68%	9.40%	10.12%	8.49%	8.32%
Return on Common Equity (ROCE)	4.19%	9.71%	13.11%	14.45%	16.23%	17.16%	20.50%	21.77%	21.14%	20.62%
Return on Equity Simple (ROE_SIMPLE)	4.58%	9.65%	12.70%	14.16%	16.05%	16.76%	18.86%	22.24%	19.48%	18.22%
Net Operating Profit after Tax (NOPAT)	43	92	126	149	171	184	243	257	244	360
NOPAT Margin	1.86%	3.54%	4.57%	5.03%	5.51%	6.14%	7.57%	7.33%	5.40%	6.93%
Net Nonoperating Expense Percent (NNEP)	5.33%	6.39%	4.53%	7.92%	7.84%	3.93%	3.61%	-2.59%	-5.06%	3.24%
Cost of Revenue to Revenue	86.27%	87.22%	87.16%	87.03%	86.86%	85.09%	84.49%	83.57%	83.97%	83.33%
SG&A Expenses to Revenue	7.41%	6.66%	6.44%	6.41%	6.44%	6.83%	6.94%	6.70%	6.75%	6.85%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.92%	7.52%	6.19%	6.56%	7.06%	6.86%	6.84%	6.71%	8.11%	7.03%
Earnings before Interest and Taxes (EBIT)	88	136	183	190	189	241	279	360	448	501
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	132	181	229	229	218	266	303	387	509	574
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.64	2.21	2.70	3.76	4.55	4.63	6.53	5.72	5.74	6.79
Price to Tangible Book Value (P/TBV)	6.53	18.82	15.60	23.90	93.68	160.72	91.99	155.59	0.00	0.00
Price to Revenue (P/Rev)	0.61	0.75	0.91	1.23	1.45	1.60	2.51	1.93	1.78	2.39
Price to Earnings (P/E)	35.87	22.98	21.29	26.54	28.36	27.62	34.64	25.73	29.44	37.25
Dividend Yield	1.29%	1.01%	0.86%	0.67%	0.66%	0.72%	0.50%	0.83%	0.65%	0.00%
Earnings Yield	2.79%	4.35%	4.70%	3.77%	3.53%	3.62%	2.89%	3.89%	3.40%	2.68%
Enterprise Value to Invested Capital (EV/IC)	1.60	2.00	2.44	3.41	4.02	3.74	5.64	4.90	3.88	5.11
Enterprise Value to Revenue (EV/Rev)	0.63	0.82	0.97	1.27	1.50	1.72	2.58	2.00	1.98	2.53
Enterprise Value to EBITDA (EV/EBITDA)	11.05	11.63	11.68	16.50	21.47	19.33	27.44	18.12	17.60	22.92
Enterprise Value to EBIT (EV/EBIT)	16.62	15.53	14.60	19.86	24.76	21.31	29.79	19.48	20.01	26.29
Enterprise Value to NOPAT (EV/NOPAT)	34.04	23.05	21.26	25.31	27.31	27.94	34.14	27.32	36.67	36.55
Enterprise Value to Operating Cash Flow (EV/OCF)	8.95	14.86	18.92	20.32	22.41	19.57	27.27	20.88	24.31	36.71
Enterprise Value to Free Cash Flow (EV/FCFF)	6.54	0.00	31.52	27.86	40.17	0.00	57.37	23.73	0.00	141.78
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.23	0.40	0.39	0.30	0.30	0.48	0.33	0.37	0.77	0.54
Long-Term Debt to Equity	0.21	0.38	0.37	0.27	0.27	0.42	0.30	0.33	0.73	0.52
Financial Leverage	0.07	0.14	0.20	0.16	0.16	0.25	0.25	0.20	0.45	0.51
Leverage Ratio	1.78	1.95	2.06	2.04	2.10	2.23	2.18	2.15	2.49	2.48
Compound Leverage Factor	1.63	1.78	1.93	1.87	1.95	2.11	2.09	2.08	2.23	2.29
Debt to Total Capital	18.37%	28.53%	27.87%	23.13%	23.35%	32.51%	24.77%	26.83%	43.38%	34.86%
Short-Term Debt to Total Capital	1.13%	1.28%	1.37%	2.09%	2.90%	4.26%	1.95%	2.55%	2.06%	0.96%
Long-Term Debt to Total Capital	17.24%	27.25%	26.51%	21.04%	20.45%	28.26%	22.81%	24.28%	41.32%	33.90%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.05%	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	81.58%	71.46%	72.11%	76.86%	76.64%	67.48%	75.23%	73.17%	56.62%	65.13%
Debt to EBITDA	1.46	1.91	1.57	1.27	1.39	1.88	1.34	1.12	2.11	1.71
Net Debt to EBITDA	0.42	1.02	0.73	0.62	0.80	1.26	0.78	0.64	1.78	1.30
Long-Term Debt to EBITDA	1.37	1.83	1.49	1.16	1.21	1.63	1.24	1.01	2.01	1.66
Debt to NOPAT	4.50	3.79	2.85	1.95	1.76	2.72	1.67	1.69	4.40	2.72
Net Debt to NOPAT	1.30	2.02	1.32	0.95	1.02	1.82	0.97	0.97	3.71	2.07
Long-Term Debt to NOPAT	4.23	3.62	2.71	1.78	1.54	2.36	1.54	1.53	4.19	2.64
Altman Z-Score	3.75	3.80	4.24	4.97	4.94	4.55	6.05	5.46	4.20	5.50
Noncontrolling Interest Sharing Ratio	0.08%	0.04%	0.02%	0.02%	0.02%	0.01%	0.00%	0.00%	0.00%	0.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.83	1.94	1.94	1.70	1.40	1.26	1.26	1.26	1.12	1.25
Quick Ratio	1.71	1.82	1.82	1.36	1.16	1.02	0.98	1.03	0.95	1.05
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	223	-50	85	135	116	-25	145	296	-634	93
Operating Cash Flow to CapEx	1,174.10%	1,188.95%	1,452.49%	1,909.65%	1,341.18%	0.00%	3,766.51%	5,081.44%	1,407.10%	2,062.37%
Free Cash Flow to Firm to Interest Expense	27.69	-4.03	6.90	7.81	7.57	-1.74	11.35	22.13	-12.09	2.08
Operating Cash Flow to Interest Expense	20.25	11.47	11.49	10.71	13.58	18.13	23.88	25.16	7.03	8.05
Operating Cash Flow Less CapEx to Interest Expense	18.52	10.50	10.70	10.15	12.56	18.51	23.24	24.66	6.53	7.66
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.38	1.54	1.49	1.54	1.51	1.32	1.30	1.35	1.40	1.30
Accounts Receivable Turnover	3.44	3.83	3.66	4.00	4.25	4.22	4.88	4.92	5.23	5.13
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	33.14	38.93	44.17	59.22	75.13	79.92	87.75	100.05	84.42	70.30
Accounts Payable Turnover	12.16	14.58	14.27	15.27	14.72	16.01	22.57	21.21	23.68	23.37
Days Sales Outstanding (DSO)	106.19	95.39	99.63	91.31	85.92	86.39	74.85	74.17	69.80	71.12
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	30.02	25.03	25.58	23.90	24.80	22.80	16.17	17.21	15.41	15.62
Cash Conversion Cycle (CCC)	76.18	70.36	74.05	67.40	61.12	63.59	58.68	56.96	54.38	55.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	912	1,054	1,095	1,108	1,163	1,372	1,471	1,432	2,310	2,577
Invested Capital Turnover	2.29	2.63	2.56	2.69	2.74	2.36	2.26	2.41	2.42	2.13
Increase / (Decrease) in Invested Capital	-180	141	41	14	55	209	98	-39	878	267
Enterprise Value (EV)	1,458	2,110	2,676	3,775	4,673	5,137	8,301	7,019	8,956	13,167
Market Capitalization	1,401	1,925	2,510	3,633	4,499	4,802	8,065	6,770	8,049	12,420
Book Value per Share	$14.22	$15.14	$16.42	$17.48	$18.10	$19.25	$22.83	$22.19	$5.28	$34.19
Tangible Book Value per Share	$3.56	$1.78	$2.84	$2.75	$0.88	$0.55	$1.62	$0.82	($2.45)	($7.04)
Total Capital	1,050	1,216	1,288	1,258	1,291	1,537	1,641	1,617	2,479	2,810
Total Debt	193	347	359	291	301	500	406	434	1,075	980
Total Long-Term Debt	181	332	341	265	264	434	374	393	1,024	953
Net Debt	56	184	166	141	174	335	236	249	906	747
Capital Expenditures (CapEx)	14	12	9.74	9.73	16	-5.47	8.08	6.62	26	17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	250	309	332	312	227	114	83	98	30	102
Debt-free Net Working Capital (DFNWC)	385	470	522	459	347	272	249	284	199	335
Net Working Capital (NWC)	373	454	504	432	310	206	217	242	148	308
Net Nonoperating Expense (NNE)	3.60	7.67	7.95	12	12	9.99	10	-6.28	-29	27
Net Nonoperating Obligations (NNO)	56	184	166	141	174	335	236	249	906	747
Total Depreciation and Amortization (D&A)	44	46	46	39	29	25	24	27	61	74
Debt-free, Cash-free Net Working Capital to Revenue	10.87%	11.98%	12.06%	10.54%	7.29%	3.81%	2.58%	2.81%	0.67%	1.96%
Debt-free Net Working Capital to Revenue	16.75%	18.19%	18.96%	15.47%	11.18%	9.07%	7.76%	8.09%	4.40%	6.44%
Net Working Capital to Revenue	16.24%	17.59%	18.32%	14.58%	9.97%	6.89%	6.77%	6.91%	3.27%	5.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.64	$1.44	$2.07	$2.46	$2.89	$3.21	$4.31	$0.98	$1.03	$1.25
Adjusted Weighted Average Basic Shares Outstanding	60.91M	58.19M	56.91M	55.67M	54.99M	54.24M	54.08M	268.10M	266.02M	267.36M
Adjusted Diluted Earnings per Share	$0.64	$1.42	$2.04	$2.42	$2.84	$3.16	$4.26	$0.97	$1.02	$1.23
Adjusted Weighted Average Diluted Shares Outstanding	61.53M	58.97M	57.91M	56.60M	55.94M	55.02M	54.68M	270.82M	268.19M	270.04M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	59.03M	57.06M	55.72M	55.36M	54.59M	53.78M	53.89M	264.91M	266.24M	267.74M
Normalized Net Operating Profit after Tax (NOPAT)	104	105	126	149	188	196	243	257	278	365
Normalized NOPAT Margin	4.52%	4.05%	4.57%	5.03%	6.03%	6.54%	7.57%	7.33%	6.15%	7.03%
Pre Tax Income Margin	3.49%	4.82%	6.24%	5.89%	5.64%	7.61%	8.30%	9.95%	8.87%	8.92%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.90	10.97	14.89	10.96	12.29	16.66	21.86	26.96	8.53	11.24
NOPAT to Interest Expense	5.32	7.39	10.22	8.60	11.14	12.70	19.07	19.22	4.66	8.09
EBIT Less CapEx to Interest Expense	9.18	10.00	14.10	10.40	11.28	17.03	21.23	26.47	8.04	10.85
NOPAT Less CapEx to Interest Expense	3.60	6.43	9.43	8.04	10.13	13.08	18.44	18.73	4.16	7.69
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	47.81%	23.54%	18.38%	17.87%	18.69%	19.98%	17.20%	17.52%	19.06%	17.64%
Augmented Payout Ratio	304.00%	142.20%	103.18%	72.63%	81.68%	87.37%	42.97%	93.52%	19.06%	17.64%

This table displays calculated financial ratios and metrics derived from Tetra Tech's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.05%	1.18%	4.22%	35.82%	35.80%	39.67%	37.27%	8.06%	11.20%	9.03%	15.66%
EBITDA Growth	20.90%	37.56%	78.57%	22.53%	29.27%	2.59%	-21.66%	36.32%	26.22%	27.87%	-70.44%
EBIT Growth	20.20%	40.17%	83.50%	10.60%	16.41%	-6.39%	-30.59%	42.79%	31.69%	33.50%	-79.72%
NOPAT Growth	12.45%	-18.75%	-1.97%	-31.70%	16.92%	-13.02%	18.13%	120.65%	30.87%	66.78%	-98.60%
Net Income Growth	12.97%	0.03%	70.39%	-19.24%	2.70%	-35.32%	-35.76%	78.47%	42.47%	79.25%	-98.96%
EPS Growth	14.74%	0.03%	74.40%	-18.37%	2.75%	-35.32%	-35.76%	77.50%	41.96%	80.00%	-100.00%
Operating Cash Flow Growth	42.41%	-22.64%	-69.44%	-7.57%	35.05%	103.30%	-63.30%	17.06%	6.02%	-13.73%	41.28%
Free Cash Flow Firm Growth	-186.27%	1,000.17%	-130.43%	-1,508.41%	-477.41%	-849.38%	-1,565.95%	97.81%	99.65%	79.73%	96.94%
Invested Capital Growth	17.70%	-2.64%	9.58%	61.81%	67.31%	61.33%	70.94%	4.27%	4.01%	11.58%	1.21%
Revenue Q/Q Growth	4.40%	1.39%	-0.86%	29.44%	4.38%	4.27%	-2.57%	1.90%	7.41%	2.24%	3.35%
EBITDA Q/Q Growth	11.99%	34.59%	36.39%	-40.39%	18.14%	6.82%	4.15%	3.71%	9.39%	8.21%	-75.93%
EBIT Q/Q Growth	12.59%	36.71%	39.53%	-48.50%	18.51%	9.93%	3.45%	5.94%	9.30%	11.44%	-84.29%
NOPAT Q/Q Growth	9.72%	15.46%	-1.00%	-45.54%	87.83%	-14.11%	34.45%	1.72%	11.41%	9.46%	-98.88%
Net Income Q/Q Growth	10.57%	41.43%	40.69%	-63.29%	40.61%	-10.92%	39.74%	1.97%	12.25%	12.07%	-99.19%
EPS Q/Q Growth	11.22%	41.43%	41.56%	-63.30%	40.00%	-10.92%	39.74%	1.43%	11.97%	-77.36%	-100.00%
Operating Cash Flow Q/Q Growth	3.47%	-38.83%	-58.16%	249.06%	51.17%	-7.91%	-92.45%	1,013.29%	36.91%	-25.07%	-87.63%
Free Cash Flow Firm Q/Q Growth	-181.84%	170.51%	-151.72%	-1,464.84%	-1.18%	8.48%	-14.98%	97.94%	84.05%	-5,263.79%	82.66%
Invested Capital Q/Q Growth	-3.81%	-0.01%	0.56%	67.31%	-0.55%	-3.59%	6.55%	2.05%	-0.79%	3.43%	-3.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	16.24%	17.29%	17.13%	14.75%	15.62%	16.82%	15.51%	16.58%	16.60%	17.85%	15.59%
EBITDA Margin	10.20%	13.54%	18.63%	8.58%	9.71%	9.94%	10.63%	10.82%	11.02%	11.66%	2.72%
Operating Margin	9.43%	10.50%	10.29%	5.27%	8.08%	8.52%	9.04%	9.40%	9.57%	10.43%	1.59%
EBIT Margin	9.43%	12.71%	17.89%	7.12%	8.08%	8.52%	9.04%	9.40%	9.57%	10.43%	1.59%
Profit (Net Income) Margin	6.59%	9.19%	13.04%	3.70%	4.98%	4.26%	6.10%	6.11%	6.38%	7.00%	0.05%
Tax Burden Percent	72.43%	74.01%	75.46%	62.00%	72.75%	56.84%	73.87%	70.93%	72.29%	71.01%	5.08%
Interest Burden Percent	96.52%	97.72%	96.64%	83.83%	84.78%	87.92%	91.38%	91.60%	92.29%	94.49%	67.96%
Effective Tax Rate	27.57%	25.99%	24.54%	38.00%	27.25%	43.16%	26.13%	29.07%	27.71%	28.99%	94.92%
Return on Invested Capital (ROIC)	18.01%	18.77%	19.96%	6.44%	12.79%	11.70%	16.63%	13.41%	14.39%	15.75%	0.18%
ROIC Less NNEP Spread (ROIC-NNEP)	16.32%	24.04%	69.18%	7.22%	10.94%	10.43%	15.27%	12.71%	13.58%	15.08%	0.13%
Return on Net Nonoperating Assets (RNNOA)	1.71%	4.83%	5.19%	3.60%	4.82%	4.66%	5.55%	8.56%	7.70%	7.71%	0.07%
Return on Equity (ROE)	19.72%	23.60%	25.14%	10.05%	17.60%	16.36%	22.18%	21.97%	22.09%	23.46%	0.25%
Cash Return on Invested Capital (CROIC)	4.37%	20.38%	9.49%	-34.92%	-37.31%	-33.88%	-39.49%	7.92%	9.17%	3.80%	10.23%
Operating Return on Assets (OROA)	12.69%	17.13%	23.58%	8.25%	10.12%	11.96%	13.14%	11.55%	12.08%	13.53%	2.10%
Return on Assets (ROA)	8.87%	12.39%	17.19%	4.29%	6.24%	5.98%	8.87%	7.51%	8.06%	9.08%	0.07%
Return on Common Equity (ROCE)	19.72%	23.59%	25.14%	10.05%	17.60%	16.36%	22.18%	21.97%	22.09%	23.46%	0.25%
Return on Equity Simple (ROE_SIMPLE)	21.84%	0.00%	23.52%	22.22%	20.84%	0.00%	15.07%	16.74%	17.46%	0.00%	15.32%
Net Operating Profit after Tax (NOPAT)	61	70	69	38	71	61	82	83	93	102	1.14
NOPAT Margin	6.83%	7.77%	7.76%	3.27%	5.88%	4.84%	6.68%	6.67%	6.92%	7.41%	0.08%
Net Nonoperating Expense Percent (NNEP)	1.68%	-5.27%	-49.22%	-0.77%	1.85%	1.28%	1.36%	0.71%	0.81%	0.68%	0.04%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	3.08%	-	-	-	0.04%
Cost of Revenue to Revenue	83.76%	82.71%	82.87%	85.25%	84.38%	83.18%	84.49%	83.42%	83.40%	82.16%	84.41%
SG&A Expenses to Revenue	6.85%	6.74%	6.31%	7.11%	7.37%	6.12%	6.47%	7.18%	7.00%	6.75%	5.91%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.82%	6.78%	6.84%	9.48%	7.54%	8.31%	6.47%	7.18%	7.03%	7.42%	14.01%
Earnings before Interest and Taxes (EBIT)	84	115	160	82	98	107	111	118	129	143	23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	91	122	167	99	117	125	131	135	148	160	39
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.10	5.72	5.75	5.72	5.96	5.74	0.00	6.22	6.56	6.79	6.30
Price to Tangible Book Value (P/TBV)	374.73	155.59	46.67	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.10	1.93	2.15	2.01	2.08	1.78	0.00	1.99	2.15	2.39	1.98
Price to Earnings (P/E)	27.93	25.73	24.44	25.73	28.58	29.44	0.00	37.13	37.56	37.25	41.15
Dividend Yield	0.61%	0.83%	0.76%	0.63%	0.58%	0.65%	0.61%	0.56%	0.52%	0.00%	0.57%
Earnings Yield	3.58%	3.89%	4.09%	3.89%	3.50%	3.40%	0.00%	2.69%	2.66%	2.68%	2.43%
Enterprise Value to Invested Capital (EV/IC)	5.29	4.90	5.37	3.65	4.00	3.88	0.00	4.29	4.72	5.11	4.60
Enterprise Value to Revenue (EV/Rev)	2.17	2.00	2.18	2.29	2.30	1.98	0.00	2.18	2.31	2.53	2.13
Enterprise Value to EBITDA (EV/EBITDA)	21.40	18.12	16.77	18.38	18.98	17.60	0.00	21.19	21.78	22.92	23.76
Enterprise Value to EBIT (EV/EBIT)	23.13	19.48	17.84	19.96	21.10	20.01	0.00	24.84	25.28	26.29	27.81
Enterprise Value to NOPAT (EV/NOPAT)	27.72	27.32	30.12	36.72	38.40	36.67	0.00	36.19	36.71	36.55	40.47
Enterprise Value to Operating Cash Flow (EV/OCF)	21.41	20.88	27.70	32.39	31.33	24.31	0.00	29.32	31.29	36.71	31.62
Enterprise Value to Free Cash Flow (EV/FCFF)	130.78	23.73	59.13	0.00	0.00	0.00	0.00	55.27	52.46	141.78	45.25
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.37	0.37	0.21	0.95	0.77	0.77	0.73	0.72	0.62	0.54	0.62
Long-Term Debt to Equity	0.32	0.33	0.18	0.90	0.74	0.73	0.71	0.69	0.59	0.52	0.60
Financial Leverage	0.10	0.20	0.08	0.50	0.44	0.45	0.36	0.67	0.57	0.51	0.53
Leverage Ratio	2.16	2.15	2.10	2.55	2.50	2.49	2.34	2.74	2.58	2.48	2.52
Compound Leverage Factor	2.09	2.10	2.03	2.14	2.12	2.19	2.13	2.51	2.38	2.34	1.71
Debt to Total Capital	27.12%	26.83%	17.47%	48.66%	43.52%	43.38%	42.19%	41.78%	38.39%	34.86%	38.23%
Short-Term Debt to Total Capital	3.60%	2.55%	2.88%	2.23%	1.88%	2.06%	1.41%	1.73%	1.75%	0.96%	0.88%
Long-Term Debt to Total Capital	23.52%	24.28%	14.59%	46.43%	41.63%	41.32%	40.78%	40.06%	36.63%	33.90%	37.35%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	72.88%	73.17%	82.52%	51.34%	56.48%	56.62%	57.80%	58.22%	61.61%	65.13%	61.76%
Debt to EBITDA	1.27	1.12	0.61	2.68	2.21	2.11	2.49	2.24	1.92	1.71	2.17
Net Debt to EBITDA	0.64	0.64	0.25	2.20	1.87	1.78	2.05	1.82	1.53	1.30	1.66
Long-Term Debt to EBITDA	1.10	1.01	0.51	2.56	2.12	2.01	2.40	2.14	1.84	1.66	2.12
Debt to NOPAT	1.64	1.69	1.09	5.36	4.48	4.40	4.47	3.82	3.24	2.72	3.70
Net Debt to NOPAT	0.83	0.97	0.45	4.39	3.77	3.71	3.68	3.11	2.58	2.07	2.82
Long-Term Debt to NOPAT	1.42	1.53	0.91	5.11	4.29	4.19	4.32	3.66	3.10	2.64	3.61
Altman Z-Score	5.20	5.16	5.66	3.43	3.80	3.91	0.00	4.37	4.75	5.22	4.61
Noncontrolling Interest Sharing Ratio	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.21	1.26	1.42	1.25	1.17	1.12	1.25	1.24	1.21	1.25	1.29
Quick Ratio	0.99	1.03	1.10	1.04	0.97	0.95	1.07	1.05	1.02	1.05	1.08
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-155	109	-56	-882	-893	-817	-939	-19	-3.09	-166	-29
Operating Cash Flow to CapEx	3,656.28%	3,058.00%	509.42%	1,671.39%	1,990.86%	1,315.81%	269.25%	2,618.54%	4,279.65%	1,567.90%	380.51%
Free Cash Flow to Firm to Interest Expense	-52.97	24.80	-10.50	-66.23	0.00	0.00	-98.10	-1.96	0.00	0.00	-3.98
Operating Cash Flow to Interest Expense	33.72	13.69	4.69	6.60	0.00	0.00	0.97	10.42	0.00	0.00	1.81
Operating Cash Flow Less CapEx to Interest Expense	32.80	13.25	3.77	6.21	0.00	0.00	0.61	10.02	0.00	0.00	1.33
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.35	1.35	1.32	1.16	1.25	1.40	1.45	1.23	1.26	1.30	1.33
Accounts Receivable Turnover	5.04	4.92	4.74	4.64	4.83	5.23	5.29	4.88	4.95	5.13	5.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	98.39	100.05	100.69	67.89	71.60	84.42	88.40	66.22	66.90	70.30	75.89
Accounts Payable Turnover	21.64	21.21	20.07	17.68	21.38	23.68	22.85	18.39	21.96	23.37	20.19
Days Sales Outstanding (DSO)	72.47	74.17	76.94	78.64	75.59	69.80	69.01	74.77	73.79	71.12	73.06
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	16.87	17.21	18.19	20.64	17.07	15.41	15.97	19.84	16.62	15.62	18.08
Cash Conversion Cycle (CCC)	55.60	56.96	58.75	57.99	58.52	54.38	53.04	54.93	57.17	55.51	54.98
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,432	1,432	1,440	2,409	2,396	2,310	2,461	2,512	2,492	2,577	2,491
Invested Capital Turnover	2.64	2.41	2.57	1.97	2.18	2.42	2.49	2.01	2.08	2.13	2.18
Increase / (Decrease) in Invested Capital	215	-39	126	920	964	878	1,022	103	96	267	30
Enterprise Value (EV)	7,576	7,019	7,726	8,802	9,595	8,956	0.00	10,777	11,751	13,167	11,464
Market Capitalization	7,349	6,770	7,610	7,748	8,652	8,049	0.00	9,850	10,925	12,420	10,664
Book Value per Share	$22.45	$22.19	$24.99	$25.47	$27.29	$5.28	$5.77	$29.64	$31.14	$34.19	$6.32
Tangible Book Value per Share	$0.37	$0.82	$3.08	($13.78)	($12.38)	($2.45)	($2.08)	($10.63)	($9.17)	($7.04)	($1.56)
Total Capital	1,653	1,617	1,604	2,640	2,572	2,479	2,660	2,722	2,704	2,810	2,739
Total Debt	448	434	280	1,285	1,119	1,075	1,122	1,137	1,038	980	1,047
Total Long-Term Debt	389	393	234	1,226	1,071	1,024	1,085	1,090	991	953	1,023
Net Debt	227	249	116	1,053	943	906	924	927	826	747	799
Capital Expenditures (CapEx)	2.69	1.97	4.95	5.26	6.68	9.30	3.43	3.93	3.29	6.74	3.43
Debt-free, Cash-free Net Working Capital (DFCFNWC)	42	98	246	123	78	30	132	123	95	102	141
Debt-free Net Working Capital (DFNWC)	259	284	410	355	254	199	331	333	308	335	389
Net Working Capital (NWC)	200	242	364	296	206	148	293	286	260	308	365
Net Nonoperating Expense (NNE)	2.11	-13	-47	-5.01	11	7.37	7.07	7.01	7.17	5.61	0.37
Net Nonoperating Obligations (NNO)	227	249	116	1,053	943	906	924	927	826	747	799
Total Depreciation and Amortization (D&A)	6.88	7.49	6.62	17	20	18	19	18	20	17	16
Debt-free, Cash-free Net Working Capital to Revenue	1.20%	2.81%	6.95%	3.20%	1.88%	0.67%	2.72%	2.48%	1.87%	1.96%	2.61%
Debt-free Net Working Capital to Revenue	7.42%	8.09%	11.59%	9.22%	6.10%	4.40%	6.81%	6.73%	6.05%	6.44%	7.21%
Net Working Capital to Revenue	5.72%	6.91%	10.29%	7.69%	4.94%	3.27%	6.03%	5.78%	5.12%	5.92%	6.76%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.10	$0.06	$2.20	$0.80	$1.13	$0.04	$0.28	$1.43	$1.60	$0.36	$0.00
Adjusted Weighted Average Basic Shares Outstanding	53.51M	1.34B	53.07M	53.23M	53.23M	1.33B	266.59M	53.48M	53.52M	267.36M	267.85M
Adjusted Diluted Earnings per Share	$1.09	$0.06	$2.18	$0.80	$1.12	$0.04	$0.28	$1.42	$1.59	$0.36	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	54.01M	1.35B	53.53M	53.63M	53.65M	1.34B	268.69M	53.88M	54.05M	270.04M	271.89M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.06	$0.00	$0.00	$0.00	$0.04	$0.00	$0.00	$0.00	$0.36	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	53.32M	264.91M	53.23M	53.23M	53.25M	266.24M	267.33M	53.50M	53.53M	267.74M	268.04M
Normalized Net Operating Profit after Tax (NOPAT)	61	70	72	50	73	65	82	83	93	107	96
Normalized NOPAT Margin	6.83%	7.77%	8.08%	4.33%	6.00%	5.17%	6.68%	6.67%	6.92%	7.77%	6.78%
Pre Tax Income Margin	9.10%	12.42%	17.29%	5.97%	6.85%	7.49%	8.26%	8.61%	8.83%	9.85%	1.08%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	28.74	26.09	29.79	6.19	0.00	0.00	11.60	11.91	0.00	0.00	3.12
NOPAT to Interest Expense	20.82	15.96	12.93	2.84	0.00	0.00	8.57	8.45	0.00	0.00	0.16
EBIT Less CapEx to Interest Expense	27.82	25.64	28.87	5.79	0.00	0.00	11.24	11.51	0.00	0.00	2.65
NOPAT Less CapEx to Interest Expense	19.90	15.51	12.01	2.44	0.00	0.00	8.21	8.05	0.00	0.00	-0.32
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	16.98%	17.52%	15.25%	16.26%	16.68%	19.06%	23.22%	20.90%	19.64%	17.64%	23.34%
Augmented Payout Ratio	79.68%	93.52%	15.25%	16.26%	16.68%	19.06%	23.22%	20.90%	19.64%	17.64%	32.98%

Frequently Asked Questions About Tetra Tech's Financials

When does Tetra Tech's fiscal year end?

According to the most recent income statement we have on file, Tetra Tech's financial year ends in September. Their financial year 2024 ended on September 29, 2024.

How has Tetra Tech's net income changed over the last 9 years?

Tetra Tech's net income appears to be on an upward trend, with a most recent value of $333.44 million in 2024, rising from $39.23 million in 2015. The previous period was $273.45 million in 2023.

What is Tetra Tech's operating income?

Tetra Tech's total operating income in 2024 was $500.74 million, based on the following breakdown:

Total Gross Profit: $866.44 million
Total Operating Expenses: $365.70 million

How has Tetra Tech revenue changed over the last 9 years?

Over the last 9 years, Tetra Tech's total revenue changed from $2.30 billion in 2015 to $5.20 billion in 2024, a change of 126.1%.

How much debt does Tetra Tech have?

Tetra Tech's total liabilities were at $2.36 billion at the end of 2024, a 2.3% decrease from 2023, and a 236.3% increase since 2015.

How much cash does Tetra Tech have?

In the past 9 years, Tetra Tech's cash and equivalents has ranged from $120.73 million in 2019 to $232.69 million in 2024, and is currently $232.69 million as of their latest financial filing in 2024.

How has Tetra Tech's book value per share changed over the last 9 years?

Over the last 9 years, Tetra Tech's book value per share changed from 14.22 in 2015 to 34.19 in 2024, a change of 140.4%.

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This page (NASDAQ:TTEK) was last updated on 4/16/2025 by MarketBeat.com Staff

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Tetra Tech (TTEK) Financials

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