Tetra Tech, Inc. (TTEK) Balance Sheet
TTEK balance sheet, FY2025
September 30, 2025 · U.S. dollars$4.28B assets = $2.50B liabilities + $1.78B equity
Both columns are drawn to the same scale: what TTEK owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TTEK financial health
Current ratio1.18
Adequate · current assets cover current liabilities 1.18×
Debt / equity0.55
Moderate leverage · $0.55 of debt for each $1 of equity
Equity / assets41.6%
Equity-funded · of assets funded by shareholders
Cash / debt17.0%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles50.7%
Mostly intangible · of total assets
Descriptive bands, not a rating. Fiscal FY2025.
TTEK balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.80BFY2016 | $4.28BFY2025 | +10.1%/yr | |
| Total liabilities | $927.8MFY2016 | $2.50BFY2025 | +11.7%/yr | |
| Shareholders’ equity | $869.4MFY2016 | $1.78BFY2025 | +8.3%/yr | |
| Cash & short-term investments | $160.5MFY2016 | $167.5MFY2025 | +0.5%/yr | |
| Total debt | $347.0MFY2016 | $987.2MFY2025 | +12.3%/yr | |
| Net cash (debt) | −$186.6MFY2016 | −$819.7MFY2025 | −$633.1M | |
| Working capital | $450.8MFY2016 | $245.6MFY2025 | −$205.1M | |
| Book value per share | $2.95FY2016 | $6.66FY2025 | +9.5%/yr | |
| Current ratio | 1.94FY2016 | 1.18FY2025 | −0.76 | |
| Debt / equity | 0.40FY2016 | 0.55FY2025 | +0.16 | |
| Shares outstanding | 294.8MFY2016 | 267.1MFY2025 | −1.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TTEK assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
TTEK liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
TTEK debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TTEK balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $167.5M | $232.7M | $168.8M | $185.1M | $166.6M | $157.5M | $120.7M | $146.2M | $190.0M | $160.5M |
| Cash & equivalents | $167.5M | $232.7M | $168.8M | $185.1M | $166.6M | $157.5M | $120.7M | $146.2M | $190.0M | $160.5M |
| Short-term investments | — | — | — | — | — | $7.3M | — | $2.7M | $49,000 | $2.5M |
| Receivables | $1.31B | $1.20B | $1.09B | $857.7M | $787.0M | $761.2M | $898.8M | $840.4M | $802.1M | $725.2M |
| Inventory | $0 | −$221.3M | $1 | $1 | $0 | $1 | $1 | $0 | −$49,000 | $0 |
| Other current assets | $144.7M | $312.8M | $89.1M | $115.4M | $112.3M | $81.1M | $62.2M | $56.0M | $50.0M | $46.3M |
| Total current assets | $1.62B | $1.53B | $1.35B | $1.16B | $1.07B | $999.8M | $1.08B | $1.04B | $1.04B | $931.9M |
| Property, plant & equipment (net) | $263.8M | $251.0M | $250.8M | $214.6M | $253.2M | $274.9M | $39.4M | $43.3M | $56.8M | $67.8M |
| Goodwill & intangible assets | $2.17B | $2.21B | $2.05B | $1.14B | $1.15B | $1.01B | $941.3M | $813.9M | $767.6M | $767.0M |
| Long-term investments | $0 | $0 | $0 | $4.6M | $3.3M | $7.3M | $6.9M | $3.4M | $2.7M | $2.1M |
| Other non-current assets | $222.7M | $207.1M | $168.9M | $105.8M | $107.6M | $89.1M | $83.0M | $46.3M | $33.6M | $28.5M |
| Total assets | $4.28B | $4.19B | $3.83B | $2.62B | $2.58B | $2.38B | $2.15B | $1.95B | $1.90B | $1.80B |
| Liabilities | ||||||||||
| 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 | $69.1M | $63.4M | $65.0M | $70.4M | $80.0M | $118.9M | $12.6M | $12.6M | $15.6M | $15.5M |
| Deferred revenue | $420.3M | $351.7M | $335.0M | $241.3M | $190.4M | $171.9M | $165.6M | $143.3M | $117.5M | $88.2M |
| Total current liabilities | $1.38B | $1.22B | $1.19B | $916.0M | $848.5M | $793.5M | $758.9M | $610.3M | $537.7M | $481.1M |
| Long-term debt | $763.4M | $812.6M | $879.5M | $246.2M | $200.0M | $242.4M | $263.9M | $264.7M | $341.3M | $331.5M |
| Lease obligations | $223.8M | $203.5M | $209.7M | $204.2M | $241.7M | $261.6M | — | — | — | — |
| Other long-term liabilities | $356.3M | $330.1M | $348.9M | $277.4M | $293.8M | $305.3M | $139.9M | $107.3M | $95.2M | $115.2M |
| Total liabilities | $2.50B | $2.36B | $2.42B | $1.44B | $1.34B | $1.34B | $1.16B | $982.3M | $974.1M | $927.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $2.6M | $2.7M | $532,000 | $530,000 | $540,000 | $538,000 | $546,000 | $149.4M | $194.4M | $260.9M |
| Retained earnings (deficit) | $1.87B | $1.87B | $1.60B | $1.39B | $1.36B | $1.20B | $1.07B | $945.0M | $832.6M | $736.4M |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | −$95.8M | −$78.9M | −$195.3M | −$208.1M | −$125.0M | −$161.8M | −$160.6M | −$127.3M | −$98.5M | −$128.0M |
| Minority interest | $379,000 | $91,000 | $73,000 | $50,000 | $53,000 | $54,000 | — | $129,000 | $171,000 | $144,000 |
| Total shareholders' equity | $1.78B | $1.83B | $1.40B | $1.18B | $1.23B | $1.04B | $989.5M | $967.1M | $928.6M | $869.4M |
| Key figures | ||||||||||
| Total debt | $987.2M | $1.02B | $1.09B | $462.9M | $454.2M | $553.3M | $276.5M | $277.3M | $356.9M | $347.0M |
| Net cash (debt) | −$819.7M | −$783.5M | −$920.4M | −$277.8M | −$287.7M | −$395.7M | −$155.8M | −$131.1M | −$166.9M | −$186.6M |
| Working capital | $245.6M | $307.9M | $158.0M | $242.2M | $217.5M | $206.3M | $322.8M | $432.3M | $504.4M | $450.8M |
| Tangible book value | −$391.2M | −$376.9M | −$650.7M | $43.6M | $87.7M | $29.9M | $48.2M | $153.2M | $161.1M | $102.5M |
| Book value per share | $6.66 | $6.78 | $5.23 | $4.37 | $4.52 | $3.77 | $3.54 | $3.42 | $3.21 | $2.95 |
| Shares outstanding | 267.1M | 270.0M | 268.2M | 270.8M | 273.4M | 275.1M | 279.7M | 283.0M | 289.6M | 294.8M |
| Current ratio | 1.18 | 1.25 | 1.13 | 1.26 | 1.26 | 1.26 | 1.43 | 1.71 | 1.94 | 1.94 |
| Quick ratio | 1.07 | 1.18 | 1.06 | 1.14 | 1.12 | 1.16 | 1.34 | 1.62 | 1.85 | 1.84 |
| Debt / equity | 0.55 | 0.56 | 0.78 | 0.39 | 0.37 | 0.53 | 0.28 | 0.29 | 0.38 | 0.40 |
| Equity / assets | 41.6% | 43.7% | 36.7% | 45.1% | 47.9% | 43.6% | 46.0% | 49.6% | 48.8% | 48.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $230.8M | $223.6M | $269.4M | $167.5M | $242.8M | $179.4M | $248.1M | $232.7M | $212.3M | $210.3M | $198.7M | $168.8M |
| Cash & equivalents | $230.8M | $223.6M | $269.4M | $167.5M | $242.8M | $179.4M | $248.1M | $232.7M | $212.3M | $210.3M | $198.7M | $168.8M |
| Receivables | $1.08B | $1.05B | $1.08B | $1.31B | $1.27B | $1.36B | $1.24B | $1.20B | $1.17B | $1.14B | $1.13B | $1.09B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$221.3M | $0 | $1 | $1 | $0 |
| Other current assets | $273.0M | $271.1M | $252.6M | $144.7M | $106.6M | $129.4M | $143.8M | $312.8M | $121.8M | $128.8M | $125.8M | $89.1M |
| Total current assets | $1.58B | $1.54B | $1.60B | $1.62B | $1.62B | $1.67B | $1.63B | $1.53B | $1.51B | $1.48B | $1.45B | $1.35B |
| Property, plant & equipment (net) | $263.6M | $271.9M | $264.9M | $263.8M | $256.4M | $251.5M | $239.2M | $251.0M | $238.0M | $254.8M | $254.5M | $250.8M |
| Goodwill & intangible assets | $2.34B | $2.34B | $2.18B | $2.17B | $2.24B | $2.05B | $2.11B | $2.21B | $2.16B | $2.15B | $2.09B | $2.05B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $204.5M | $209.4M | $215.9M | $222.7M | $234.6M | $216.7M | $197.4M | $207.1M | $183.8M | $182.5M | $151.1M | $168.9M |
| Total assets | $4.39B | $4.36B | $4.26B | $4.28B | $4.35B | $4.18B | $4.18B | $4.19B | $4.08B | $4.07B | $3.95B | $3.83B |
| Liabilities | ||||||||||||
| Accounts payable | $220.6M | $204.8M | $196.7M | $204.7M | $234.6M | $262.3M | $238.2M | $197.4M | $198.3M | $215.6M | $207.1M | $173.3M |
| Short-term debt | $74.7M | $73.7M | $69.7M | $69.1M | $64.1M | $315.9M | $61.2M | $63.4M | $65.9M | $70.8M | $68.1M | $65.0M |
| Deferred revenue | $418.1M | $410.9M | $435.4M | $420.3M | $389.9M | $373.6M | $360.0M | $351.7M | $372.3M | $373.7M | $382.9M | $335.0M |
| Total current liabilities | $1.33B | $1.23B | $1.22B | $1.38B | $1.38B | $1.52B | $1.27B | $1.22B | $1.25B | $1.19B | $1.16B | $1.19B |
| Long-term debt | $801.1M | $880.2M | $834.3M | $763.4M | $862.5M | $764.2M | $888.5M | $812.6M | $861.8M | $951.0M | $945.3M | $879.5M |
| Lease obligations | $222.4M | $229.6M | $224.1M | $223.8M | $209.2M | $209.1M | $195.9M | $203.5M | $194.8M | $210.2M | $207.6M | $209.7M |
| Other long-term liabilities | $400.3M | $389.6M | $363.0M | $356.3M | $372.7M | $329.8M | $331.4M | $330.1M | $310.6M | $340.8M | $306.8M | $348.9M |
| Total liabilities | $2.54B | $2.50B | $2.42B | $2.50B | $2.61B | $2.61B | $2.49B | $2.36B | $2.42B | $2.49B | $2.41B | $2.42B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2.6M | $2.6M | $2.6M | $2.6M | $2.6M | $2.6M | $2.7M | $2.7M | $535,000 | $535,000 | $534,000 | $532,000 |
| Retained earnings (deficit) | $1.96B | $1.96B | $1.92B | $1.87B | $1.80B | $1.72B | $1.86B | $1.87B | $1.79B | $1.72B | $1.66B | $1.60B |
| Accumulated other comprehensive income | −$105.8M | −$94.7M | −$76.4M | −$95.8M | −$65.1M | −$153.2M | −$187.8M | −$78.9M | −$154.7M | −$156.5M | −$132.2M | −$195.3M |
| Minority interest | $505,000 | $370,000 | $546,000 | $379,000 | $156,000 | — | — | — | — | — | — | — |
| Total shareholders' equity | $1.85B | $1.86B | $1.85B | $1.78B | $1.74B | $1.57B | $1.69B | $1.83B | $1.67B | $1.58B | $1.54B | $1.40B |
| Key figures | ||||||||||||
| Total debt | $1.02B | $1.11B | $1.06B | $987.2M | $1.07B | $1.22B | $1.08B | $1.02B | $1.06B | $1.16B | $1.15B | $1.09B |
| Net cash (debt) | −$792.7M | −$886.1M | −$788.9M | −$819.7M | −$828.8M | −$1.04B | −$836.3M | −$783.5M | −$844.3M | −$950.9M | −$954.3M | −$920.4M |
| Working capital | $246.0M | $313.3M | $383.6M | $242.3M | $243.7M | $149.7M | $364.5M | $307.9M | $260.2M | $286.0M | $293.0M | $158.0M |
| Tangible book value | −$487.3M | −$475.1M | −$332.8M | −$391.2M | −$500.7M | −$476.2M | −$418.9M | −$376.9M | −$490.4M | −$568.5M | −$553.6M | −$650.7M |
| Book value per share | $7.13 | $7.12 | $7.03 | $6.74 | $6.50 | $5.88 | $6.22 | $6.74 | $6.16 | $5.88 | $5.72 | $5.23 |
| Shares outstanding | 259.8M | 261.9M | 262.7M | 264.2M | 268.1M | 267.4M | 271.9M | 271.7M | 270.3M | 269.4M | 268.7M | 268.5M |
| Current ratio | 1.18 | 1.25 | 1.31 | 1.18 | 1.18 | 1.10 | 1.29 | 1.25 | 1.21 | 1.24 | 1.25 | 1.13 |
| Quick ratio | 0.98 | 1.03 | 1.11 | 1.07 | 1.10 | 1.01 | 1.17 | 1.18 | 1.11 | 1.13 | 1.14 | 1.06 |
| Debt / equity | 0.55 | 0.60 | 0.57 | 0.55 | 0.62 | 0.78 | 0.64 | 0.56 | 0.63 | 0.73 | 0.75 | 0.78 |
| Equity / assets | 42.2% | 42.7% | 43.3% | 41.6% | 40.0% | 37.6% | 40.5% | 43.7% | 40.8% | 38.9% | 38.9% | 36.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 20, 2025); data from EODHD.
TTEK financial position
At the end of fiscal 2025 (September 30, 2025), Tetra Tech had total assets of $4.3 billion (up 2.1% from a year earlier), total liabilities of $2.5 billion and shareholders' equity of $1.8 billion. It held $167.5 million in cash and short-term investments against $987.2 million of debt, net debt of $819.7 million. Its current ratio was 1.18. In the latest quarter (ended June 30, 2026) total assets were $4.4 billion and equity $1.9 billion.
Related: TTEK income statement, TTEK cash flow statement, TTEK key metrics. See the TTEK stock overview for the latest quote and news.
TTEK balance sheet FAQ
What are Tetra Tech's total assets?
Tetra Tech reported total assets of $4.3 billion at the end of fiscal 2025 (September 30, 2025), compared with $4.2 billion a year earlier.
How much debt does Tetra Tech have?
Tetra Tech had $987.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.55.
How much cash does Tetra Tech have?
Tetra Tech held $167.5 million in cash and short-term investments at the end of fiscal 2025; with $987.2 million of debt that is net debt of $819.7 million.
What is Tetra Tech's book value?
Tetra Tech's shareholders' equity (book value) was $1.8 billion at the end of fiscal 2025, or $6.66 per share.
What is Tetra Tech's current ratio?
Tetra Tech had current assets of $1.6 billion and current liabilities of $1.4 billion, a current ratio of 1.18 (it can cover its short-term obligations).
How much goodwill does Tetra Tech have?
Tetra Tech carried $2.2 billion of goodwill and intangible assets, 50.7% of total assets, at the end of fiscal 2025.