Tetra Tech, Inc. (TTEK) Income Statement
TTEK FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsTTEK revenue and net income
Where TTEK's revenue goes
FY2025Each bar shows an amount and its share of revenue. TTEK kept 4.6% of revenue as net income.
TTEK profit margins
TTEK growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.7% | +24.3% | +18.3% | +9.0% |
| Gross profit | +11.0% | +18.6% | +16.6% | +11.8% |
| Operating income | +21.0% | +21.2% | +20.2% | +21.3% |
| Net income | −25.7% | −2.0% | +7.3% | +20.3% |
| EPS (diluted) | +23.8% | +19.7% | +18.8% | +16.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TTEK quarterly EPS vs estimates
Tetra Tech beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 11, 2026 (estimate $0.47).
TTEK income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.44B | $5.20B | $4.52B | $2.84B | $3.21B | $2.35B | $3.11B | $2.96B | $2.75B | $2.58B |
| Cost of revenue | $4.48B | $4.33B | $3.80B | $2.26B | $2.72B | $1.90B | $2.70B | $2.58B | $2.40B | $2.25B |
| Gross profit | $961.3M | $866.4M | $725.0M | $575.6M | $498.4M | $446.5M | $408.2M | $384.5M | $353.6M | $330.2M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $357.7M | $356.0M | $305.1M | $235.1M | $223.0M | $204.6M | $200.2M | $190.1M | $177.2M | $172.0M |
| Total operating expenses | $355.2M | $365.7M | $366.9M | $235.1M | $219.7M | $205.4M | $200.2M | $190.1M | $177.2M | $172.0M |
| Operating income | $606.1M | $500.7M | $358.1M | $340.4M | $278.7M | $241.1M | $188.8M | $190.1M | $183.3M | $135.9M |
| Interest income | $9.8M | $7.3M | $5.9M | $1.8M | $917,000 | $1.4M | $1.7M | $1.8M | $729,000 | $996,000 |
| Interest expense | $40.6M | $44.6M | $52.4M | $13.4M | $12.7M | $14.5M | $15.4M | $17.3M | $12.3M | $12.4M |
| Income before taxes | $377.6M | $463.5M | $401.0M | $348.8M | $266.9M | $228.0M | $175.1M | $174.6M | $171.8M | $124.5M |
| Income taxes | $129.7M | $130.0M | $127.5M | $85.6M | $34.0M | $54.1M | $16.4M | $37.6M | $53.8M | $40.6M |
| Net income | $247.7M | $333.4M | $273.4M | $263.1M | $232.8M | $173.9M | $158.7M | $136.9M | $117.9M | $83.8M |
| EBITDA | $476.5M | $581.7M | $514.6M | $367.8M | $303.4M | $268.1M | $219.3M | $230.1M | $222.2M | $203.8M |
| EPS (diluted) | $1.56 | $1.26 | $2.52 | $0.91 | $0.76 | $0.66 | $0.64 | $0.53 | $0.44 | $0.37 |
| Gross margin | 17.7% | 16.7% | 16.0% | 20.3% | 15.5% | 19.0% | 13.1% | 13.0% | 12.8% | 12.8% |
| Operating margin | 11.1% | 9.6% | 7.9% | 12.0% | 8.7% | 10.3% | 6.1% | 6.4% | 6.7% | 5.3% |
| Net margin | 4.6% | 6.4% | 6.0% | 9.3% | 7.2% | 7.4% | 5.1% | 4.6% | 4.3% | 3.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.31B | $1.22B | $1.21B | $1.33B | $1.15B | $1.10B | $1.20B | $1.14B | $1.11B | $1.05B | $1.02B | $1.06B |
| Cost of revenue | $1.07B | $1.01B | $990.3M | $1.06B | $901.5M | $889.5M | $975.9M | $899.2M | $886.4M | $845.1M | $824.7M | $845.3M |
| Gross profit | $243.2M | $214.1M | $220.4M | $274.1M | $251.5M | $214.2M | $221.5M | $245.3M | $223.2M | $207.5M | $190.5M | $212.1M |
| Sales, general & admin | $85.2M | $86.8M | $86.8M | $102.7M | $86.6M | $84.1M | $84.0M | $92.7M | $94.0M | $89.8M | $79.4M | $77.2M |
| Total operating expenses | $85.2M | $82.6M | $79.4M | $102.5M | $86.6M | $174.6M | $199.0M | $101.9M | $94.5M | $89.8M | $79.4M | $104.7M |
| Operating income | $157.9M | $131.5M | $141.0M | $171.6M | $165.0M | $39.6M | $22.5M | $143.3M | $128.6M | $117.7M | $111.1M | $107.4M |
| Interest expense | $7.2M | $8.8M | $7.1M | $6.8M | $8.3M | $8.5M | $7.2M | $7.9M | $9.9M | $9.9M | $9.6M | $13.0M |
| Income before taxes | $150.8M | $127.3M | $141.6M | $174.5M | $156.7M | $31.1M | $15.3M | $135.4M | $118.7M | $107.8M | $101.5M | $94.4M |
| Income taxes | $41.2M | $33.5M | $36.4M | $46.6M | $42.8M | $25.7M | $14.5M | $39.3M | $32.9M | $31.3M | $26.5M | $40.7M |
| Net income | $109.6M | $93.6M | $105.2M | $127.7M | $113.8M | $5.4M | $747,000 | $96.2M | $85.8M | $76.4M | $75.0M | $53.6M |
| EBITDA | $172.7M | $150.5M | $162.7M | $195.9M | $178.6M | $144.0M | $153.6M | $171.3M | $148.6M | $135.4M | $130.6M | $152.9M |
| EPS (diluted) | $0.42 | $0.34 | $0.35 | $0.45 | $0.43 | $0.33 | $0.35 | $0.38 | $0.32 | $0.28 | $0.28 | $1.78 |
| Gross margin | 18.6% | 17.5% | 18.2% | 20.6% | 21.8% | 19.4% | 18.5% | 21.4% | 20.1% | 19.7% | 18.8% | 20.1% |
| Operating margin | 12.1% | 10.8% | 11.6% | 12.9% | 14.3% | 3.6% | 1.9% | 12.5% | 11.6% | 11.2% | 10.9% | 10.2% |
| Net margin | 8.4% | 7.7% | 8.7% | 9.6% | 9.9% | 0.5% | 0.1% | 8.4% | 7.7% | 7.3% | 7.4% | 5.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TTEK's financial statements (latest annual report filed November 20, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TTEK financial results
In fiscal year 2025 (ended September 30, 2025), Tetra Tech reported revenue of $5.4 billion, up 4.7% from the year before. It had net income of $247.7 million (down 25.7%), a net profit margin of 4.6%. Diluted earnings per share came to $1.56. Over five years revenue grew at an average rate of 18.3% a year.
See the TTEK stock overview for the latest quote and news, or the TTEK chart for price history and technical indicators.
TTEK income statement FAQ
What is Tetra Tech's annual revenue?
Tetra Tech reported total revenue of $5.4 billion for fiscal year 2025, which ended on September 30, 2025. That was up 4.7% from $5.2 billion the previous year.
Is Tetra Tech profitable?
Yes. Tetra Tech reported net income of $247.7 million in fiscal 2025, a net profit margin of 4.6%; its operating margin was 11.1%.
What is Tetra Tech's gross margin?
Tetra Tech's gross margin was 17.7% in fiscal 2025: for every $100 of revenue, Tetra Tech kept $18 after the direct cost of its products and services.
How fast is Tetra Tech growing?
Revenue grew 18.3% a year on average over the last five fiscal years, from $2.3 billion to $5.4 billion.
What are Tetra Tech's earnings per share?
Tetra Tech earned $1.56 per diluted share in fiscal 2025, compared with $1.26 a year earlier.
When will Tetra Tech report its next earnings?
Tetra Tech is expected to report results for the quarter ending September 30, 2026 on November 11, 2026 after the market closes.
When does Tetra Tech's fiscal year end?
Tetra Tech's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 20, 2025.