TTEK logo Tetra Tech +
Ticker
TTEK
J
Headquarter
Pasadena ,CA
US
Dallas ,TX
US
CEO
Dan L. Batrack
Robert V. Pragada
Industry
Engineering & Construction
Engineering & Construction
Stock Price
Stock Price
Market Cap
Market Cap
$9.49 B
$16.57 B
Employees
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Employees
  • 27.00 K
  • 30.00 K
  • 25.00 K
  • 60.00 K
  • 45.00 K
  • 43.00 K
Y/Y
28.57%
11.11%
16.67%
0%
25%
4.44%

Income Statement

Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Revenue
  • $4.52 B
  • $5.20 B
  • $5.44 B
  • $10.85 B
  • $11.50 B
  • $12.03 B
Y/Y
29.07%
14.95%
4.69%
10.92%
5.99%
4.6%
Revenue by Products / Services
Years
  • 2025
  • 2025
Revenue by Geography
Years
  • 2025
  • 2025
Research and Development
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Research and Development
  • -
  • -
  • -
  • -
  • -
  • -
Y/Y
0%
0%
0%
0%
0%
0%
Operating Income
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Operating Income
  • $358.11 M
  • $500.74 M
  • $408.42 M
  • $676.48 M
  • $692.44 M
  • $863.63 M
Y/Y
5.19%
39.83%
18.44%
25.3%
2.36%
24.72%
Tax Rate (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Tax Rate (%)
  • 31.80%
  • 28.05%
  • -34.34%
  • 19.45%
  • 16.92%
  • 39.66%
Y/Y
29.58%
11.79%
222.4%
40.03%
13.03%
134.45%
Net Income
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income
  • $273.42 M
  • $333.38 M
  • $507.29 M
  • $665.78 M
  • $806.09 M
  • $290.25 M
Y/Y
3.91%
21.93%
52.16%
3.38%
21.08%
63.99%
Revenue Per Employee
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Revenue Per Employee
  • $167.50 K
  • $173.29 K
  • $217.70 K
  • $180.86 K
  • $255.58 K
  • $279.76 K
Y/Y
0.39%
3.46%
25.63%
10.92%
41.31%
9.46%
Net Income Per Employee
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income Per Employee
  • $10.13 K
  • $11.11 K
  • $20.29 K
  • $11.10 K
  • $17.91 K
  • $6.75 K
Y/Y
19.18%
9.74%
82.6%
3.38%
61.43%
62.32%

Assets & Liabilities | Cash Flow

Total Assets
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Total Assets
  • $3.82 B
  • $4.19 B
  • $4.28 B
  • $14.62 B
  • $11.76 B
  • $11.25 B
Y/Y
45.67%
9.74%
2.13%
0.3%
19.55%
4.31%
Total Liabilities
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Total Liabilities
  • $2.42 B
  • $2.36 B
  • $2.50 B
  • $7.38 B
  • $6.37 B
  • $6.59 B
Y/Y
67.89%
2.26%
5.92%
6.81%
13.71%
3.37%
Capital Expenditures (Capex)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Capital Expenditures (Capex)
  • -$26.90 M
  • -$18.14 M
  • -$18.63 M
  • -$137.49 M
  • -$121.11 M
  • -$79.23 M
Y/Y
154.21%
32.59%
2.75%
7.73%
11.91%
34.58%

Profitability

Operating Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Operating Income Margin (%)
  • 7.92%
  • 9.63%
  • 11.09%
  • 6.23%
  • 6.02%
  • 7.18%
Y/Y
34.05%
21.64%
15.14%
12.97%
3.42%
19.24%
Net Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income Margin (%)
  • 6.05%
  • 6.41%
  • 4.55%
  • 6.14%
  • 7.01%
  • 2.41%
Y/Y
34.85%
6.07%
29.02%
6.8%
14.24%
65.58%
EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
EBITDA
  • $517.40 M
  • $584.09 M
  • $466.70 M
  • $996.31 M
  • $1.26 B
  • $926.84 M
Y/Y
31.56%
12.89%
20.1%
13.38%
25.97%
26.15%
Free Cash Flow (FCF)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Free Cash Flow (FCF)
  • $341.56 M
  • $340.57 M
  • $439.05 M
  • $837.28 M
  • $933.56 M
  • $607.47 M
Y/Y
4.9%
0.29%
28.92%
141.22%
11.5%
34.93%

Ratios

Return on Equity (ROE)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Return on Equity (ROE)
  • 19.48%
  • 18.21%
  • 28.50%
  • 10.17%
  • 17.72%
  • 20.85%
Y/Y
12.4%
6.51%
56.48%
4.3%
74.22%
17.66%
Return on Assets (ROA)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Return on Assets (ROA)
  • 7.16%
  • 7.95%
  • 11.85%
  • 4.55%
  • 6.86%
  • 7.04%
Y/Y
28.66%
11.11%
48.98%
3.68%
50.5%
2.67%
Debt to Equity
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Debt to Equity
  • 77.61%
  • 55.52%
  • 55.46%
  • 52.97%
  • 60.49%
  • 74.43%
Y/Y
98.36%
28.47%
0.09%
22.94%
14.21%
23.04%

Valuation

Enterprise Value
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value
  • $8.98 B
  • $13.39 B
  • $9.72 B
  • $16.98 B
  • $17.72 B
  • $1.47 B
Y/Y
25.44%
49.17%
27.41%
16.61%
4.34%
91.68%
Enterprise value to Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value to Revenue
  • 1.99
  • 2.58
  • 1.79
  • 1.56
  • 1.54
  • 0.12
Y/Y
2.81%
29.77%
30.66%
5.13%
1.55%
92.04%
Enterprise value to EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value to EBITDA
  • 17.35
  • 22.93
  • 20.83
  • 17.04
  • 14.12
  • 1.71
Y/Y
4.65%
32.14%
9.15%
2.85%
17.17%
87.91%