Tetra Tech Inc (TTEK) financial statements: income statement, balance sheet and cash flow
Tetra Tech Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 28, 2025 · FY), Tetra Tech Inc reported revenue of $5.4B (+4.7% year on year) and net income of $247.9M (-25.6% year on year).
Income statement
Tetra Tech Inc income statement, fiscal years
Line item
Sep 28, 2025 · FY
Sep 29, 2024 · FY
Oct 1, 2023 · FY
Oct 2, 2022 · FY
Revenue
$5.4B
$5.2B
$4.5B
$3.5B
Costs of revenue
($825.2M)
($4.3B)
($3.8B)
($2.9B)
Other costs of revenue
($3.7B)
—
—
—
Gross profit
$961.3M
$866.4M
$725.0M
$575.6M
Selling, general and administrative expenses
($357.7M)
($356.0M)
($305.1M)
($234.8M)
Legal contingency costs
($115.0M)
—
—
—
Impairment of goodwill
($92.4M)
—
—
$0
Acquisition and integration expenses
$0
($7.1M)
($33.2M)
—
Right-of-use operating lease asset impairment
$0
$0
($16.4M)
—
Contingent consideration – fair value adjustments
$12.2M
($2.5M)
($12.3M)
($329.0K)
Income from operations
$408.4M
$500.7M
$358.1M
$340.4M
Interest income
$9.8M
$7.3M
$5.9M
$1.8M
Interest expense
($40.6M)
($44.6M)
($52.4M)
($13.4M)
Other non-operating income
$0
$0
$89.4M
—
Income before income tax expense
$377.6M
$463.5M
$401.0M
$348.8M
Income tax expense
($129.7M)
($130.0M)
($127.5M)
($85.6M)
Net income
$247.9M
$333.4M
$273.5M
$263.2M
Net income attributable to noncontrolling interests
($225.0K)
($61.0K)
($32.0K)
($39.0K)
Net income attributable to Tetra Tech
$247.7M
$333.4M
$273.4M
$263.1M
Basic (in dollars per share)
$0.94
$1.25
$5.14
$4.91
Diluted (in dollars per share)
$0.93
$1.23
$5.10
$4.86
Basic (in shares)
264.7M
267.4M
53.2M
53.6M
Diluted (in shares)
267.1M
270.0M
53.6M
54.2M
Tetra Tech Inc income statement, quarters
Line item
Jun 28, 2026 · Q3
Mar 29, 2026 · Q2
Dec 28, 2025 · Q1
Jun 29, 2025 · Q3
Revenue
$1.3B
$1.2B
$1.2B
$1.4B
Subcontractor costs
($200.0M)
($170.5M)
($173.5M)
($1.1B)
Other costs of revenue
($865.4M)
($835.5M)
($816.8M)
—
Gross profit
$243.2M
$214.1M
$220.4M
$251.5M
Selling, general and administrative expenses
($85.2M)
($82.6M)
($86.8M)
($86.6M)
Legal contingency costs
$0
$0
$0
$0
Contingent consideration – fair value adjustments
($77.0K)
$58.0K
$7.4M
$58.0K
Impairment of goodwill
$0
$0
—
$0
Income from operations
$157.9M
$131.5M
$141.0M
$165.0M
Interest expense, net
($7.2M)
($8.8M)
($7.1M)
($8.3M)
Other non-operating income
$0
$4.7M
$7.7M
—
Income before income tax expense
$150.8M
$127.3M
$141.6M
$156.7M
Income tax expense
($41.0M)
($33.5M)
($36.4M)
($42.8M)
Net income
$109.8M
$93.8M
$105.2M
$113.9M
Net income attributable to noncontrolling interests
($217.0K)
($175.0K)
($194.0K)
($39.0K)
Net income attributable to Tetra Tech
$109.6M
$93.6M
$105.0M
$113.8M
Basic (in dollars per share)
$0.42
$0.36
$0.40
$0.43
Diluted (in dollars per share)
$0.42
$0.36
$0.40
$0.43
Basic (in shares)
258.2M
260.1M
260.8M
263.0M
Diluted (in shares)
259.8M
261.9M
262.7M
264.9M
Balance sheet
Tetra Tech Inc balance sheet, fiscal years
Line item
Sep 28, 2025 · FY
Sep 29, 2024 · FY
Oct 1, 2023 · FY
Oct 2, 2022 · FY
Cash and cash equivalents
$167.5M
$232.7M
$168.8M
$185.1M
Accounts receivable, net
$1.2B
$1.1B
$974.5M
$755.1M
Contract assets
$138.2M
$129.7M
$113.9M
$92.4M
Prepaid expenses and other current assets
$83.4M
$91.6M
$89.1M
$115.4M
Assets held-for-sale
$57.5M
—
—
—
Income taxes receivable
$15.3M
$22.0M
$9.6M
$10.2M
Total current assets
$1.6B
$1.5B
$1.4B
$1.2B
Property and equipment, net
$66.1M
$73.1M
$74.8M
$32.3M
Right-of-use assets, operating leases
$197.6M
$177.9M
$175.9M
$182.3M
Goodwill
$2.0B
$2.0B
$1.9B
$1.1B
Intangible assets, net
$121.2M
$160.6M
$173.9M
$29.2M
Deferred tax assets
$106.2M
$105.5M
$89.0M
$47.8M
Other non-current assets
$120.2M
$101.6M
$70.5M
$58.0M
Total assets
$4.3B
$4.2B
$3.8B
$2.6B
Accounts payable
$204.7M
$197.4M
$173.3M
$147.4M
Accrued compensation
$346.9M
$332.1M
$302.8M
$237.7M
Contract liabilities
$420.3M
$351.7M
$335.0M
$241.3M
Short-term lease liabilities, operating leases
$69.1M
$63.4M
$65.0M
$57.9M
Current contingent earn-out liabilities
$24.8M
$26.9M
$51.1M
$28.8M
Liabilities held-for-sale
$25.1M
—
—
—
Other current liabilities
$288.1M
$247.9M
$281.0M
$190.4M
Total current liabilities
$1.4B
$1.2B
$1.2B
$916.0M
Deferred tax liabilities
$21.3M
$30.2M
$14.3M
$15.2M
Long-term debt
$763.4M
$812.6M
$879.5M
$246.3M
Long-term lease liabilities, operating leases
$154.7M
$140.1M
$144.7M
$146.3M
Non-current contingent earn-out liabilities
$32.1M
$21.8M
$22.3M
$36.8M
Other non-current liabilities
$151.4M
$138.0M
$148.0M
$79.2M
Preferred stock – Authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at September 28, 2025 and September 29, 2024
0
0
0
0
Common stock – Authorized, 750,000 shares of $0.01 par value; issued and outstanding, 261,418 and 267,717 shares at September 28, 2025 and September 29, 2024, respectively
2.6M
2.7M
532.0K
530.0K
Additional paid-in capital
$0
$35.9M
$0
—
Accumulated other comprehensive loss
($95.8M)
($78.9M)
($195.3M)
($208.1M)
Retained earnings
$1.9B
$1.9B
$1.6B
$1.4B
Tetra Tech stockholders' equity
$1.8B
$1.8B
$1.4B
$1.2B
Noncontrolling interests
$379.0K
$91.0K
$73.0K
$50.0K
Total stockholders' equity
$1.8B
$1.8B
$1.4B
$1.2B
Total liabilities and stockholders' equity
$4.3B
$4.2B
$3.8B
$2.6B
Tetra Tech Inc balance sheet, quarters
Line item
Jun 28, 2026
Mar 29, 2026
Dec 28, 2025
Jun 29, 2025
Cash and cash equivalents
$230.8M
$223.6M
$269.4M
$242.8M
Accounts receivable, net
$1.1B
$1.0B
$1.1B
$1.1B
Contract assets
$152.6M
$146.5M
$140.4M
$142.9M
Prepaid expenses and other current assets
$120.4M
$124.6M
$112.1M
$106.6M
Assets held-for-sale
$0
$0
$0
—
Total current assets
$1.6B
$1.5B
$1.6B
$1.6B
Property and equipment, net
$63.2M
$65.4M
$65.4M
$70.3M
Right-of-use assets, operating leases
$200.4M
$206.5M
$199.6M
$186.1M
Goodwill
$2.2B
$2.2B
$2.1B
$2.1B
Intangible assets, net
$123.6M
$129.3M
$113.6M
$157.8M
Deferred tax assets
$64.9M
$78.8M
$92.6M
$109.5M
Other non-current assets
$139.6M
$130.7M
$123.2M
$125.1M
Total assets
$4.4B
$4.4B
$4.3B
$4.4B
Accounts payable
$220.6M
$204.8M
$196.7M
$234.6M
Accrued compensation
$316.7M
$245.6M
$221.8M
$313.3M
Contract liabilities
$418.1M
$410.9M
$435.4M
$389.9M
Short-term lease liabilities, operating leases
$74.7M
$73.7M
$69.7M
$64.1M
Current contingent earn-out liabilities
$43.6M
$44.4M
$18.1M
$35.4M
Liabilities held-for-sale
$0
$0
$0
—
Other current liabilities
$260.7M
$249.2M
$279.1M
$338.9M
Total current liabilities
$1.3B
$1.2B
$1.2B
$1.4B
Deferred tax liabilities
$21.8M
$20.0M
$20.2M
$30.7M
Long-term debt
$801.1M
$880.2M
$834.3M
$862.5M
Long-term lease liabilities, operating leases
$147.8M
$155.8M
$154.4M
$145.0M
Non-current contingent earn-out liabilities
$70.2M
$63.9M
$33.3M
$34.4M
Other non-current liabilities
$160.5M
$149.9M
$155.1M
$162.7M
Preferred stock - authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at June 28, 2026 and September 28, 2025
0
0
0
0
Common stock - authorized, 750,000 shares of $0.01 par value; issued and outstanding, 256,044 and 261,418 shares at June 28, 2026 and September 28, 2025, respectively
2.6M
2.6M
2.6M
2.6M
Accumulated other comprehensive loss
($105.8M)
($94.7M)
($76.4M)
($65.1M)
Retained earnings
$2.0B
$2.0B
$1.9B
$1.8B
Tetra Tech stockholders’ equity
$1.9B
$1.9B
$1.8B
$1.7B
Noncontrolling interests
$505.0K
$370.0K
$546.0K
$156.0K
Total stockholders' equity
$1.9B
$1.9B
$1.8B
$1.7B
Total liabilities and stockholders' equity
$4.4B
$4.4B
$4.3B
$4.4B
Cash flow statement
Tetra Tech Inc cash flow statement, fiscal years
Line item
Sep 28, 2025 · FY
Sep 29, 2024 · FY
Oct 1, 2023 · FY
Oct 2, 2022 · FY
Net income
$247.9M
$333.4M
$273.5M
$263.2M
Depreciation and amortization
$58.3M
$73.7M
$61.2M
$27.0M
Amortization of stock-based awards
$33.9M
$31.2M
$28.6M
$26.2M
Deferred income taxes
($11.3M)
($20.0M)
($21.2M)
$2.2M
Provision for losses on accounts receivables
$3.1M
—
—
—
Impairment of goodwill
$92.4M
—
—
$0
Fair value adjustments to contingent consideration
($12.2M)
$2.5M
$12.3M
$329.0K
Right-of-use operating lease asset impairment
$0
$0
$16.4M
—
Fair value adjustment to foreign currency forward contract
$0
$0
($89.4M)
($19.9M)
Acquisition and integration expenses
$0
$7.1M
—
—
Other non-cash items
$9.0M
$5.4M
$975.0K
—
Accounts receivable and contract assets
($112.8M)
($40.2M)
($19.8M)
($89.8M)
Prepaid expenses and other assets
($30.6M)
($20.9M)
$78.7M
$69.7M
Accounts payable
$2.4M
$18.1M
($19.2M)
$17.1M
Accrued compensation
$18.9M
$6.7M
$37.1M
$27.5M
Contract liabilities
$73.5M
$4.7M
$44.2M
$55.9M
Cash settled contingent earn-out liability
($11.2M)
($7.9M)
—
—
Income taxes receivable/payable
$23.2M
($35.5M)
$40.5M
$14.6M
Other liabilities
$72.9M
$468.0K
($75.3M)
($56.6M)
Net cash provided by operating activities
$457.7M
$358.7M
$368.5M
$336.2M
Payments for business acquisitions, net of cash acquired
($97.3M)
($93.7M)
($854.3M)
($49.1M)
Settlement of foreign currency forward contract
$0
$0
$109.3M
—
Capital expenditures
($18.6M)
($18.1M)
($26.9M)
($10.6M)
Proceeds from sales of assets
$919.0K
$742.0K
$715.0K
$4.0M
Proceeds from company-owned life insurance policies
$1.9M
—
—
—
Proceeds from divested business, net
$2.4M
—
—
—
Proceeds from loan repayment from divested business
$3.9M
—
—
—
Net cash used in investing activities
($106.8M)
($111.0M)
($771.2M)
($55.7M)
Proceeds from borrowings
$715.0M
$217.0M
$994.9M
$161.5M
Repayments on long-term debt
($771.0M)
($287.0M)
($1.0B)
($117.1M)
Proceeds from issuance of convertible notes
$0
$0
$575.0M
—
Payments of debt issuance costs
($2.7M)
$0
($14.5M)
—
Capped call transactions
$0
$0
($51.8M)
—
Repurchases of common stock
($250.0M)
$0
$0
($200.0M)
Shares repurchased for tax withholdings on share-based awards
-14.0M
-13.0M
-16.8M
-25.2M
Payments of contingent earn-out liabilities
($15.1M)
($46.1M)
($21.3M)
($20.1M)
Stock options exercised
$469.0K
$3.1M
$626.0K
$1.8M
Dividends paid
($65.0M)
($58.8M)
($52.1M)
($46.1M)
Principal payments on finance leases
($7.8M)
($6.5M)
($5.6M)
($4.3M)
Net cash (used in) provided by financing activities
($410.2M)
($191.4M)
$382.4M
($249.6M)
Effect of exchange rate changes on cash and cash equivalents
($5.0M)
$7.6M
$4.1M
($12.3M)
Net increase (decrease) in cash and cash equivalents
($64.3M)
$63.9M
($16.3M)
$18.5M
Cash and cash equivalents at beginning of year
$232.7M
—
—
—
Cash and cash equivalents at end of year
$168.4M
$232.7M
$168.8M
$185.1M
Interest
$35.0M
$36.9M
$47.4M
$13.4M
Tetra Tech Inc cash flow statement, quarters
Line item
Jun 28, 2026 · YTD
Mar 29, 2026 · YTD
Dec 28, 2025 · Q1
Jun 29, 2025 · YTD
Net income
$308.8M
$199.0M
$105.2M
$120.1M
Depreciation and amortization
$43.1M
$28.3M
$14.0M
$43.6M
Amortization of stock-based awards
$27.4M
$17.7M
$8.2M
$25.8M
Deferred income taxes
$42.4M
$27.1M
$13.1M
($7.7M)
Gain on sale of divested business
($12.4M)
($12.4M)
($7.7M)
—
Impairment of goodwill
$0
$0
—
$92.4M
Fair value adjustments to contingent consideration
($7.4M)
($7.5M)
($7.4M)
($2.4M)
Gain on cash surrender value of life insurance policies
$0
$0
—
($1.6M)
Other non-cash items
$3.9M
$2.4M
$1.8M
$3.8M
Accounts receivable and contract assets
$107.6M
$143.3M
$79.9M
($65.9M)
Prepaid expenses and other assets
$791.0K
$1.4M
($17.9M)
($21.7M)
Accounts payable
$7.4M
($8.2M)
($8.8M)
$27.5M
Accrued compensation
($36.0M)
($106.8M)
($126.7M)
($16.0M)
Contract liabilities
($1.5M)
($9.5M)
$13.2M
$44.5M
Income taxes receivable/payable
($8.0M)
($14.0M)
$2.5M
$32.8M
Cash settled on contingent earn-out liabilities
$0
$0
$0
($7.4M)
Other liabilities
($9.6M)
($23.0M)
$2.9M
$85.5M
Net cash provided by operating activities
$466.6M
$237.6M
$72.3M
$356.8M
Payments for business acquisitions, net of cash acquired
($191.9M)
($175.0M)
—
($97.7M)
Capital expenditures
($14.0M)
($10.1M)
($4.2M)
($13.4M)
Proceeds from divested business, net
$40.3M
$40.3M
$41.6M
—
Proceeds from company-owned life insurance policies
$0
$0
—
$1.9M
Net cash used in investing activities
($165.6M)
($144.9M)
$37.5M
($108.3M)
Proceeds from borrowings
$245.0M
$240.0M
$70.0M
$715.0M
Repayments on long-term debt
($210.0M)
($125.0M)
$0
($665.0M)
Payment of debt issuance costs
$0
—
—
($2.7M)
Repurchases of common stock
($202.0M)
($102.0M)
($50.0M)
($200.0M)
Shares repurchased for tax withholdings on share-based awards
-12.5M
-12.4M
-11.9M
-13.9M
Payments of contingent earn-out liabilities
($2.8M)
($2.8M)
$0
($14.8M)
Stock options exercised
$564.0K
$458.0K
$10.0K
$216.0K
Dividends paid
($52.5M)
($33.9M)
($16.9M)
($48.0M)
Principal payments on finance leases
($5.8M)
($3.8M)
($2.1M)
($5.7M)
Net cash used in financing activities
($240.0M)
($39.5M)
($10.9M)
($235.0M)
Effect of exchange rate changes on cash and cash equivalents
$1.5M
$2.0M
$2.2M
($3.4M)
Net increase in cash and cash equivalents
$62.5M
$55.2M
$101.1M
$10.1M
Cash and cash equivalents at beginning of period
$168.4M
$168.4M
$168.4M
$232.7M
Cash and cash equivalents at end of period
$230.8M
$223.6M
$269.4M
$242.8M
Interest
$18.5M
$15.4M
$3.8M
$23.8M
Income taxes, net of refunds received of $7.8 million and $13.6 million