Tetra Tech (TTEK) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 2, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Jul 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TTEK SEC filings page.
Tetra Tech (TTEK) reported $5.1B in revenue over the twelve months to Jun 28, 2026, down 7.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cash conversion strengthened even as operating profitability weakened, revealing a business with modest reinvestment needs but rising below-gross-profit costs
In FY2025, operating cash flow reached$458M versus$248M of net income, while free cash flow was$439M ; accounting earnings therefore understated cash generation, but the widening gap also means cash performance was not driven by reported profit alone. At the same time, accounts receivable rose to$1.16B and current liabilities to$1.38B , leaving the current ratio at1.2x versus1.3x in FY2024 and pointing to tighter working-capital headroom.
Gross margin expanded to
Free cash flow rose to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Tetra Tech's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Tetra Tech has an operating margin of 7.5%, meaning the company retains $8 of operating profit per $100 of revenue. This strong profitability earns a score of 71/100, reflecting efficient cost management and pricing power. This is down from 9.6% the prior year.
Tetra Tech's revenue grew a modest 4.7% year-over-year to $5.4B. This slow but positive growth earns a score of 64/100.
Tetra Tech has a moderate D/E ratio of 0.43. This balance of debt and equity financing earns a leverage score of 42/100.
Tetra Tech's current ratio of 1.18 is below the typical benchmark, resulting in a score of 27/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Tetra Tech has a free cash flow margin of 8.1%, earning a moderate score of 57/100. The company generates positive cash flow after capital investments, but with room for improvement.
Tetra Tech earns a strong 13.9% return on equity (ROE), meaning it generates $14 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 83/100. This is down from 18.2% the prior year.
Tetra Tech scores 4.46, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Tetra Tech passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Tetra Tech generates $1.85 in operating cash flow ($457.7M OCF vs $247.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Tetra Tech earns $10.05 in operating income for every $1 of interest expense ($408.4M vs $40.6M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Tetra Tech generated $1.3B in revenue in Q3 2026. This represents a decrease of 4.5% from the same quarter a year earlier. Against the prior quarter it is up 7.2%.
Tetra Tech's EBITDA was $172.6M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 3.4% from the same quarter a year earlier. Against the prior quarter it is up 18.3%.
Tetra Tech reported $109.8M in net income in Q3 2026. This represents a decrease of 3.6% from the same quarter a year earlier. Against the prior quarter it is up 17.1%.
Tetra Tech earned $0.42 per diluted share (EPS) in Q3 2026. This represents a decrease of 2.3% from the same quarter a year earlier. Against the prior quarter it is up 16.7%.
Cash & Balance Sheet
Tetra Tech generated $225.1M in free cash flow in Q3 2026, representing cash available after capex. This represents a decrease of 35.0% from the same quarter a year earlier. Against the prior quarter it is up 41.3%.
Tetra Tech held $230.8M in cash against $801.1M in long-term debt as of Q3 2026.
Tetra Tech paid $0.07 per share in dividends in Q3 2026. This represents an increase of 10.8% from the same quarter a year earlier. Against the prior quarter it is up 10.8%.
Margins & Returns
Tetra Tech's gross margin was 18.6% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.0 percentage points.
Tetra Tech's operating margin was 12.1% in Q3 2026, reflecting core business profitability. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.
Tetra Tech's net profit margin was 8.4% in Q3 2026, showing the share of revenue converted to profit. This is up 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.7 percentage points.
Tetra Tech's ROE was 5.9% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.9 percentage points.
Capital Allocation
Tetra Tech spent $100.0M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 300.0% from the same quarter a year earlier. Against the prior quarter it is up 92.3%.
Tetra Tech invested $3.8M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 9.1% from the same quarter a year earlier. Against the prior quarter it is down 36.4%.
Not reported for Q3 2026.
TTEK Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3B-4.5% | $1.2B-7.7% | $1.2B-14.8% | $1.3B-3.2% | $1.4B+1.9% | $1.3B+5.6% | $1.4B+15.7% | $1.4B+13.7% |
| Cost of Revenue | $200.0M-7.8% | $170.5M-21.9% | $173.5M-22.3% | N/A | $216.8M | $218.4M | $223.2M | N/A |
| Gross Profit | $243.2M-3.3% | $214.1M0.0% | $220.4M-0.5% | N/A | $251.5M+12.7% | $214.2M+3.2% | $221.5M+16.3% | N/A |
| Operating Income | $157.9M-4.3% | $131.5M+232.1% | $141.0M+525.9% | $181.3M+26.5% | $165.0M+28.3% | $39.6M-66.3% | $22.5M-79.7% | $143.3M+46.8% |
| EBITDA | $172.6M-3.4% | $145.9M+173.2% | $155.0M+301.6% | $195.9M+22.2% | $178.7M+20.6% | $53.4M-60.6% | $38.6M-70.4% | $160.3M+36.6% |
| Interest Expense | $7.2M-13.6% | $8.8M+4.1% | $7.1M-1.2% | N/A | $8.3M-16.4% | $8.5M-14.1% | $7.2M-24.6% | N/A |
| Income Tax | $41.0M-4.3% | $33.5M+30.5% | $36.4M+150.2% | N/A | $42.8M+30.2% | $25.7M-18.0% | $14.5M-45.2% | N/A |
| Net Income | $109.8M-3.6% | $93.8M+1640.9% | $105.2M+13424.7% | $127.7M+32.9% | $113.8M+32.7% | $5.4M-93.0% | $778K-99.0% | $96.2M+59.6% |
| EPS (Basic) | $0.42-2.3% | $0.36+1700.0% | $0.40 | $0.49+36.1% | $0.43+34.4% | $0.02-93.1% | $0.00-100.0% | $0.36+56.5% |
| EPS (Diluted) | $0.42-2.3% | $0.36+1700.0% | $0.40 | $0.48+37.1% | $0.43 | $0.02 | $0.00 | $0.35 |
| Diluted Shares (Avg) | 260M-1.9% | 262M-2.1% | 263M-3.4% | 264M-2.7% | 265M | 267M | 272M | 272M |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses.
TTEK Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.4B+0.8% | $4.4B+4.3% | $4.3B+2.0% | $4.3B+2.1% | $4.4B+6.6% | $4.2B+2.8% | $4.2B+5.8% | $4.2B+5.5% |
| Current Assets | $1.6B-2.4% | $1.5B-7.5% | $1.6B-1.7% | $1.6B+6.1% | $1.6B+7.5% | $1.7B+12.6% | $1.6B+12.2% | $1.5B+7.7% |
| Cash & Equivalents | $230.8M-4.9% | $223.6M+24.6% | $269.4M+8.6% | $167.5M-28.0% | $242.8M+14.4% | $179.4M-14.7% | $248.1M+24.9% | $232.7M+32.2% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $1.1B-4.5% | $1.0B-14.4% | $1.1B-3.2% | $1.2B+10.2% | $1.1B+7.0% | $1.2B+17.9% | $1.1B+7.4% | $1.1B+4.9% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $2.2B+6.3% | $2.2B+15.5% | $2.1B+4.9% | $2.0B+0.2% | $2.1B+4.7% | $1.9B-3.3% | $2.0B+2.4% | $2.0B+8.5% |
| Total Liabilities | $2.5B-2.9% | $2.5B-4.3% | $2.4B-2.8% | $2.5B+5.9% | $2.6B+8.0% | $2.6B+5.0% | $2.5B+3.1% | $2.4B-6.3% |
| Current Liabilities | $1.3B-3.0% | $1.2B-19.0% | $1.2B-3.7% | $1.4B+13.1% | $1.4B+10.4% | $1.5B+27.0% | $1.3B+9.2% | $1.2B+0.6% |
| Non-Current Liabilities | $1.2B-2.7% | $1.3B+16.1% | $1.2B-1.8% | $1.1B-1.7% | $1.2B+5.4% | $1.1B-15.3% | $1.2B-2.6% | $1.1B-12.7% |
| Long-Term Debt | $801.1M-7.1% | $880.2M+15.2% | $834.3M-6.1% | $763.4M-6.1% | $862.5M+0.1% | $764.2M-19.6% | $888.5M-6.0% | $812.6M-10.4% |
| Total Equity | $1.9B+6.3% | $1.9B+18.4% | $1.8B+9.1% | $1.8B-2.8% | $1.7B+4.5% | $1.6B-0.7% | $1.7B+10.0% | $1.8B+26.0% |
| Retained Earnings | $2.0B+8.4% | $2.0B+13.4% | $1.9B+3.4% | $1.9B+0.1% | $1.8B+0.7% | $1.7B+0.1% | $1.9B+11.8% | $1.9B+19.0% |
Not reported in any period shown, so not listed: Inventory.
TTEK Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $228.9M-34.5% | $165.3M+2939.5% | $72.3M+453.2% | $100.8M-4.5% | $349.6M+148.1% | -$5.8M-105.7% | $13.1M+41.3% | $105.6M-20.6% |
| Depreciation & Amortization | $14.7M+7.3% | $14.4M+4.3% | $14.0M-12.9% | $14.6M-13.7% | $13.7M-29.7% | $13.8M-22.0% | $16.1M-17.6% | $17.0M-13.9% |
| Stock-Based Compensation | $9.8M+11.4% | $9.5M+6.7% | $8.2M+0.5% | N/A | $8.8M+8.6% | $8.9M+11.3% | $8.1M+6.6% | N/A |
| Capital Expenditures | $3.8M+9.1% | $6.0M+7.2% | $4.2M+20.9% | $6.1M-10.2% | $3.5M-9.6% | $5.6M+38.7% | $3.4M0.0% | $6.8M-3.1% |
| Free Cash Flow | $225.1M-35.0% | $159.4M+1496.4% | $68.1M+607.3% | $94.7M-4.1% | $346.1M+152.5% | -$11.4M-111.5% | $9.6M+65.7% | $98.8M-21.5% |
| Investing Cash Flow | -$20.7M+78.3% | -$182.3M-1853.3% | $37.5M+1191.2% | $1.5M+122.6% | -$95.5M-279.8% | -$9.3M+87.7% | -$3.4M0.0% | -$6.7M-0.9% |
| Financing Cash Flow | -$200.5M-1.5% | -$28.6M+49.6% | -$10.9M-156.1% | -$175.3M-108.8% | -$197.6M-74.7% | -$56.8M-345.5% | $19.4M+5.5% | -$83.9M+54.9% |
| Dividends Paid | $18.6M+8.9% | $16.9M+10.2% | $16.9M+8.9% | $17.0M+9.8% | $17.1M+10.1% | $15.4M+10.4% | $15.5M+12.1% | $15.5M+12.2% |
| Share Buybacks | $100.0M+300.0% | $52.0M-65.3% | $50.0M+100.0% | $50.0M | $25.0M | $150.0M | $25.0M | $0 |
TTEK Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.6%+0.2pp | 17.5%+1.3pp | 18.2%+2.6pp | N/A | 18.4%+1.8pp | 16.2%-0.4pp | 15.6%+0.1pp | N/A |
| Operating Margin | 12.1%0.0pp | 10.8%+7.8pp | 11.7%+10.1pp | 13.6%+3.2pp | 12.0%+2.5pp | 3.0%-6.4pp | 1.6%-7.4pp | 10.4%+2.4pp |
| Net Margin | 8.4%+0.1pp | 7.7%+7.3pp | 8.7%+8.6pp | 9.6%+2.6pp | 8.3%+1.9pp | 0.4%-5.7pp | 0.1%-6.0pp | 7.0%+2.0pp |
| Return on Equity | 5.9%-0.6pp | 5.0%+4.7pp | 5.7%+5.7pp | 7.2%+1.9pp | 6.5%+1.4pp | 0.3%-4.5pp | 0.1%-4.8pp | 5.3%+1.1pp |
| Return on Assets | 2.5%-0.1pp | 2.1%+2.0pp | 2.5%+2.5pp | 3.0%+0.7pp | 2.6%+0.5pp | 0.1%-1.8pp | 0.0%-1.9pp | 2.3%+0.8pp |
| Current Ratio | 1.180.0x | 1.25+0.2x | 1.310.0x | 1.18-0.1x | 1.180.0x | 1.10-0.1x | 1.290.0x | 1.25+0.1x |
| Debt-to-Equity | 0.43-0.1x | 0.470.0x | 0.45-0.1x | 0.430.0x | 0.500.0x | 0.49-0.1x | 0.53-0.1x | 0.44-0.2x |
| Asset Turnover | 0.300.0x | 0.280.0x | 0.28-0.1x | 0.310.0x | 0.310.0x | 0.320.0x | 0.340.0x | 0.330.0x |
| FCF Margin | 17.2%-8.1pp | 13.1%+13.9pp | 5.6%+5.0pp | 7.1%-0.1pp | 25.3%+15.1pp | -0.9%-8.8pp | 0.7%+0.2pp | 7.2%-3.2pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Tetra Tech TTEK | FY2025 | $5.4B | $247.9M | 4.6% | $9.2B | 57/100 |
| Sterling Infra STRL | FY2025 | $2.5B | $290.2M | 11.7% | $14.4B | 71/100 |
| Ies Holdings Inc IESC | FY2025 | $3.4B | $306.0M | 9.1% | $12.1B | 71/100 |
| Dycom Inds Inc DY | FY2026 | $5.5B | $281.0M | 5.1% | $8.8B | 39/100 |
| Fluor Corp FLR | FY2025 | $15.5B | -$51.0M | -0.3% | $7.3B | 38/100 |
| KBR KBR | FY2025 | $7.8B | $415.0M | 5.3% | $4.7B | 50/100 |
Where Tetra Tech Ranks
Frequently Asked Questions
What is Tetra Tech's annual revenue?
Tetra Tech (TTEK) reported $5.4B in total revenue for fiscal year 2025. This represents a 4.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Tetra Tech's revenue growing?
Tetra Tech (TTEK) revenue grew by 4.7% year-over-year, from $5.2B to $5.4B in fiscal year 2025.
Is Tetra Tech profitable?
Yes, Tetra Tech (TTEK) reported a net income of $247.9M in fiscal year 2025, with a net profit margin of 4.6%.
What is Tetra Tech's EBITDA?
Tetra Tech (TTEK) had EBITDA of $466.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Tetra Tech have?
As of fiscal year 2025, Tetra Tech (TTEK) had $167.5M in cash and equivalents against $763.4M in long-term debt.
What is Tetra Tech's gross margin?
Tetra Tech (TTEK) had a gross margin of 17.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Tetra Tech's operating margin?
Tetra Tech (TTEK) had an operating margin of 7.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Tetra Tech's net profit margin?
Tetra Tech (TTEK) had a net profit margin of 4.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Tetra Tech pay dividends?
Yes, Tetra Tech (TTEK) paid $0.25 per share in dividends during fiscal year 2025.
What is Tetra Tech's return on equity (ROE)?
Tetra Tech (TTEK) has a return on equity of 13.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Tetra Tech's free cash flow?
Tetra Tech (TTEK) generated $439.1M in free cash flow during fiscal year 2025. This represents a 28.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Tetra Tech's operating cash flow?
Tetra Tech (TTEK) generated $457.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Tetra Tech's total assets?
Tetra Tech (TTEK) had $4.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Tetra Tech's capital expenditures?
Tetra Tech (TTEK) invested $18.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Tetra Tech's current ratio?
Tetra Tech (TTEK) had a current ratio of 1.18 as of fiscal year 2025, which is considered adequate.
What is Tetra Tech's debt-to-equity ratio?
Tetra Tech (TTEK) had a debt-to-equity ratio of 0.43 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Tetra Tech's return on assets (ROA)?
Tetra Tech (TTEK) had a return on assets of 5.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Tetra Tech's P/E ratio?
Tetra Tech (TTEK) trades at 21.0x earnings, its market capitalization divided by net income of $436.6M net income, trailing 12 months to June 28, 2026. The market capitalization is $9.2B as of Sep 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Tetra Tech's price-to-sales ratio?
Tetra Tech (TTEK) trades at 1.8x sales, its market capitalization divided by revenue of $5.1B revenue, trailing 12 months to June 28, 2026. The market capitalization is $9.2B as of Sep 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Tetra Tech's Altman Z-Score?
Tetra Tech (TTEK) has an Altman Z-Score of 4.46, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Tetra Tech's Piotroski F-Score?
Tetra Tech (TTEK) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Tetra Tech's earnings high quality?
Tetra Tech (TTEK) has an earnings quality ratio of 1.85x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Tetra Tech cover its interest payments?
Tetra Tech (TTEK) has an interest coverage ratio of 10.05x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Tetra Tech?
Tetra Tech (TTEK) scores 57 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.