Is the business good?
How good a business is TTEK?
Tetra Tech, Inc. earns 19% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
19%
Return on invested capital · cost of capital 9.0% · 10 points above what the capital costs: growth creates value
- Operating margin
- 12%
Operating margin · Engineering & Construction median 7.4% · 12 months to Q2 2026
- Cash conversion
- 1.52×
Cash conversion · 1.24× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −2.1%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 8.1% |
| FY2021 | 8.7% |
| FY2022 | 9.7% |
| FY2023 | 7.9% |
| FY2024 | 9.6% |
| FY2025 | 7.5% |
Details›
- Gross margin12 months to Q2 2026
- 19%
- Operating margin12 months to Q2 2026
- 12%
- Net margin12 months to Q2 2026
- 8.6%
- Free cash flow margin
- 13%
- Revenue, trailing twelve months
- $5.13B
- Free cash flow, trailing twelve months
- $668M
- Net income, trailing twelve months
- $441M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 19%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Engineering & Construction
Ranks #10 of 27 by Smart Score