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MARKETS / NASDAQ / TTEK
NASDAQ · SERVICES-ENGINEERING SERVICES · LARGE CAP

Tetra Tech Inc. TTEK

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$5.4B
▲ 4.7% YoY
$247.9M
▼ 25.6% YoY
$439.1M
▲ 28.9% YoY
In brief

What this company does

Tetra Tech, Inc. provides high-end consulting and engineering services focused on water, environment and sustainable infrastructure. In fiscal 2025, the company worked on over 100,000 projects in more than 100 countries on all seven continents, with more than 25,000 associates. The company manages its operations under two reportable segments: the Government Services Group ("GSG"), which primarily includes activities with U.S. government clients and all activities with development agencies worldwide, and the Commercial/International Services Group ("CIG"), which primarily includes activities with U.S. commercial clients and international clients other than development agencies. Its GSG segment supports U.S. government civilian and defense agencies with services in water, environment, sustainable infrastructure, information technology and disaster management. Its CIG segment supports commercial clients worldwide in energy, industrial, high-performance buildings and aerospace markets. The United States Agency for International Development accounted for 10.6% of the company's revenue in fiscal 2025.

Written from the business description in TETRA TECH INC's annual report to the U.S. Securities and Exchange Commission, filed 20 November 2025. Every sentence was checked against that document before publication.

Growth
USD 5.4B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 5.4 · Net income 0.2
2B4B2008201120142017202020232025
Compound annual growth
+15.8%
+12.7%
+9.0%
+6.2%
−2.0%
+7.4%
+20.2%
+8.1%
+8.8%
+17.3%
+11.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +12.7% a year over five years — but profit grew slower: net income at +7.4%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
5 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 7.5% · Net 4.6%
5%2008201120142017202020232025
ROE
FY2025 · ROE 13.7%
10%20%2008201120142017202020232025

Each USD of equity produced 14 cents of profit this year.

Cash & shareholders
USD 314.6M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 439.1
200M400M2008201120142017202020232025
Net buybacks $M Dividends $M
FY2025 · Dividends 65.0 · Net buybacks 249.5
200MDividendsNet buybacks2013201520172019202120232025
Dividends paidUSD 65.0M
Net buybacksUSD 249.5M
Share of profit126.9%
Consecutive raises2 years (since the 2023 share-count change)

USD 65.0M in dividends and USD 249.5M in buybacks — 127% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 4.3B
EquityUSD 1.8B
CashUSD 167.5M
Gross debtUSD 763.4M
Net debtUSD 595.9M
Current ratio1.18×

Net debt stands at 33% of equity.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B5.45.24.53.53.23.03.13.02.82.62.32.52.62.72.62.22.32.1
Operating income $B0.40.50.40.30.30.20.20.20.20.10.10.20.00.20.10.10.10.1
EBITDA $B0.50.60.40.40.30.30.20.20.20.20.10.20.10.20.20.20.10.1
Income tax $B0.10.10.10.10.00.10.00.00.10.00.00.00.00.10.00.00.00.0
Net income $B0.20.30.30.30.20.20.20.10.10.10.00.1−0.00.10.10.10.10.1
Free cash flow $B0.40.30.30.30.30.30.20.20.10.10.10.10.10.10.10.10.20.1
EPS, diluted $0.931.231.020.974.263.162.842.422.041.420.641.66−0.031.631.431.241.431.02
Dividend / sh $0.250.220.200.170.740.640.540.440.380.340.300.14······
Payout %26181918172019181824468······
ROE %13.720.621.121.820.517.216.214.513.19.74.210.8−0.111.211.610.3··
Shares out B0.260.270.270.050.050.050.050.060.060.060.060.060.060.060.060.060.06·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures · 3 divergences in 73 reconciliationsAUDITED

Reconciled in 15 of 19 fiscal years. 3 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 22 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures3 divergent
ActivityServices-Engineering Services
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsSeptember 27
Data on record since2008

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