TETRA TECH INC TTEK

Industrials SIC 8711 - Services-Engineering Services NAICS Professional, Scientific, and Technical Services › Architectural, Engineering, and Related Services › Engineering Services derived Nasdaq

Tetra Tech, Inc. ("Tetra Tech") is a leading global provider of high-end consulting and engineering services that focuses on water, environment and sustainable infrastructure. We are a global company that is Leading with Science® to provide innovative solutions for our public and private clients. We typically begin at the earliest stage of a project by identifying technical solutions and developing execution plans tailored to our clients' needs and resources.

Tetra Tech is Leading with Science® to provide sustainable and resilient solutions to our clients' most complex needs. Engineering News-Record ("ENR"), the engineering industry's leading magazine, has ranked Tetra Tech #1 in Water Treatment and Desalination for 12 years in a row. In 2025, we were also ranked #1 in consulting studies, environmental management, environmental science, wind power, hydro plants, site assessment and compliance, and green government offices. ENR also ranked Tetra Tech in the Top 10 in numerous categories, including dams and reservoirs, marine and port facilities, power, solar power, solid waste, chemical and soil remediation, and hazardous waste.

Last close 36.98 2026-10-23
Market cap $9.47B 2026-06-28 share count
52-week range 25.81 - 43.14

Valuation FY2025 figures against the last close

P/S1.7x
P/E39.8x
P/FCF21.6x
EV/EBITDA21.6x
Dividend yield0.7%
Diluted EPS0.93

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • United Kingdom
  • Canada
  • Australia
  • Other Countries
Revenue by geography, 5 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 3.4B (63.3%) 63% United States United Kingdom, FY2025: 771.7M (14.2%) 14% United Kingdom Canada, FY2025: 512.3M (9.4%) 9% Canada Australia, FY2025: 489.1M (9.0%) 9% Australia Other Countries, FY2025: 223.6M (4.1%) 4% FY2024 United States, FY2024: 3.2B (61.5%) 62% United Kingdom, FY2024: 711.6M (13.7%) 14% Canada, FY2024: 498.6M (9.6%) 10% Australia, FY2024: 529.1M (10.2%) 10% Other Countries, FY2024: 260.6M (5.0%) 5% FY2023 United States, FY2023: 2.9B (63.3%) 63% United Kingdom, FY2023: 601.2M (13.3%) 13% Canada, FY2023: 436.2M (9.6%) 10% Australia, FY2023: 449.5M (9.9%) 10% Other Countries, FY2023: 172M (3.8%) 4%
Region FY2025FY2024FY2023
United States $3.45B $3.20B $2.86B
United Kingdom $771.7M $711.6M $601.2M
Canada $512.3M $498.6M $436.2M
Australia $489.1M $529.1M $449.5M
Other Countries $223.6M $260.6M $172.0M

As the company reported it, from the “Reportable Segments - Geographic Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $5.44B$5.20B$4.52B$3.50B$3.21B$2.99B$3.11B$2.96B$2.75B$2.58B
Cost of revenue $825.2M$876.8M$771.5M———————
Gross profit $961.3M$866.4M$725.0M$575.6M$498.4M$446.5M$408.2M$384.5M$353.6M$330.2M
Operating income $408.4M$500.7M$358.1M$340.4M$278.7M$241.1M$188.8M$190.1M$183.3M$135.9M
Interest expense $40.6M$44.6M$52.4M$13.4M$12.7M$14.5M$15.4M$17.3M$12.3M$12.4M
Pre-tax income $377.6M$463.5M$401.0M$348.8M$266.9M$228.0M$175.1M$174.6M$171.8M$124.5M
Income tax $129.7M$130.0M$127.5M$85.6M$34.0M$54.1M$16.4M$37.6M$53.8M$40.6M
Net income $247.9M$333.4M$273.5M$263.2M$232.8M$173.9M$158.8M$137.0M$117.9M$83.9M
EPS, basic 0.941.251.030.984.313.212.892.462.071.44
EPS, diluted 0.931.231.020.974.263.162.842.422.041.42
Shares, diluted (wtd. avg.) 267.1M270.0M268.2M270.8M54.7M55.0M55.9M56.6M57.9M59.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $167.5M$232.7M$168.8M$185.1M$166.6M$157.5M$120.9M$148.9M$192.7M$163.0M
Receivables $1.16B$1.05B$974.5M$755.1M$669.0M$649.0M$768.7M$694.2M$788.8M$714.3M
Total current assets $1.62B$1.53B$1.36B$1.16B$1.07B$999.8M$1.08B$1.05B$1.04B$935.4M
Property, plant and equipment $66.1M$73.1M$74.8M$32.3M$37.7M$35.5M$39.4M$43.3M$56.8M$67.8M
Goodwill $2.05B$2.05B$1.88B$1.11B$1.11B$993.5M$924.8M$798.8M$740.9M$718.0M
Other intangibles $121.2M$160.6M$173.9M$29.2M$38.0M$13.9M$16.4M$16.1M$26.7M$49.0M
Total assets $4.28B$4.19B$3.82B$2.62B$2.58B$2.38B$2.15B$1.96B$1.90B$1.80B
Accounts payable $204.7M$197.4M$173.3M$147.4M$128.8M$111.8M$206.6M$160.2M$177.6M$158.8M
Short-term debt ——$0$12.5M$12.5M$49.3M$12.5M———
Total current liabilities $1.38B$1.22B$1.21B$916.0M$848.5M$793.5M$770.0M$618.1M$537.7M$481.1M
Long-term debt $763.4M$812.6M$879.5M$246.2M$200.0M$242.4M$263.9M———
Retained earnings $1.87B$1.87B$1.60B$1.39B$1.36B$1.20B$1.07B$945.0M$832.6M$736.4M
Total equity $1.78B$1.83B$1.40B$1.18B$1.23B$1.04B$989.5M$967.1M$928.6M$869.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $457.7M$358.7M$368.5M$336.2M$304.4M$262.5M$208.5M$185.7M$141.5M$142.0M
Depreciation and amortisation $58.3M$73.7M$61.2M$27.0M$23.8M$24.6M$28.8M$38.6M$45.8M$45.6M
Stock-based compensation $33.9M$31.2M$28.6M$26.2M$23.1M$19.4M$17.6M$19.6M$13.4M$13.0M
Capital expenditure $18.6M$18.1M$26.9M$10.6M$8.6M$12.2M$16.2M$9.7M$9.7M$11.9M
Investing cash flow -$106.8M-$111.0M-$771.2M-$55.7M-$93.0M-$63.0M-$99.7M-$42.6M-$17.0M-$94.0M
Financing cash flow -$410.2M-$191.4M$382.4M-$249.6M-$210.1M-$163.0M-$135.1M-$182.0M-$98.3M-$25.4M
Dividends paid $65.0M$58.8M$52.1M$46.1M$40.0M$34.7M$29.7M$24.5M$21.7M$19.7M
Buybacks $250.0M$0$0$200.0M$60.0M$117.2M$100.0M$75.0M$100.0M$99.5M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000831641-25-000032.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2016: 2.6B Gross profit, FY2016: 330.2M Net income, FY2016: 83.9M Revenue, FY2017: 2.8B Gross profit, FY2017: 353.6M Net income, FY2017: 117.9M Revenue, FY2018: 3B Gross profit, FY2018: 384.5M Net income, FY2018: 137M Revenue, FY2019: 3.1B Gross profit, FY2019: 408.2M Net income, FY2019: 158.8M Revenue, FY2020: 3B Gross profit, FY2020: 446.5M Net income, FY2020: 173.9M Revenue, FY2021: 3.2B Gross profit, FY2021: 498.4M Net income, FY2021: 232.8M Revenue, FY2022: 3.5B Gross profit, FY2022: 575.6M Net income, FY2022: 263.2M Revenue, FY2023: 4.5B Gross profit, FY2023: 725M Net income, FY2023: 273.5M Revenue, FY2024: 5.2B Gross profit, FY2024: 866.4M Net income, FY2024: 333.4M Revenue, FY2025: 5.4B Gross profit, FY2025: 961.3M Net income, FY2025: 247.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.58B $2.75B $2.96B $3.11B $2.99B $3.21B $3.50B $4.52B $5.20B $5.44B
Gross profit $330.2M $353.6M $384.5M $408.2M $446.5M $498.4M $575.6M $725.0M $866.4M $961.3M
Net income $83.9M $117.9M $137.0M $158.8M $173.9M $232.8M $263.2M $273.5M $333.4M $247.9M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event Item 8.01
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Other event Item 8.01
  • Officer or director change Item 5.02
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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