Tetra Tech (TTEK) FY2021 results: revenue $3.2 billion, up 7.3% on the year
Tetra Tech Inc. (TTEK) reported revenue of $3.2 billion for fiscal 2021, the year ended 3 October 2021, up 7.3% on the year before. Net income was $233 million, up 33.9%, and diluted earnings per share $0.85. The figures are the company's own, from the 10-K it filed with the SEC on 24 November 2021.
Revenue
$3.2 billion
+7.3% on the year
FY2016FY2021
Operating margin
8.7%
8.1% a year earlier
FY2016FY2021
Net income
$233 million
+33.9% on the year
FY2016FY2021
Diluted EPS
$0.85
+34.8% on the year
FY2016FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
304
262
209
+16.0%
Capital expenditure
8.6
12.2
16.2
-30.0%
Free cash flow
296
250
192
+18.2%
Free cash flow margin
9.2%
8.4%
6.2%
Cash from investing
-93.0
-63.0
-99.7
Cash from financing
-210
-163
-135
Depreciation and amortisation
23.8
24.6
28.8
-3.3%
Share-based compensation
23.1
19.4
17.6
+18.8%
Buybacks
60.0
117
100
-48.8%
Dividends paid
40.0
34.7
29.7
+15.2%
Dividend per share
$0.15
$0.13
$0.11
+15.6%
Diluted shares, weighted
273m
275m
280m
-0.6%
Shares outstanding at period end
270m
269m
273m
+0.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,234
1,037
989
+19.0%
Non-controlling interest
0.1
0.1
0.2
-1.9%
Debt
212
292
276
-27.1%
Operating lease liabilities
174
192
n/a
-9.2%
Other liabilities
955
858
882
+11.4%
Total liabilities and equity
2,577
2,379
2,147
+8.3%
Fixed assets
37.7
35.5
39.4
+6.3%
Goodwill
1,109
993
925
+11.6%
Intangible assets
38.0
13.9
16.4
+172.5%
Cash and equivalents
167
158
121
+5.7%
Receivables
669
649
769
+3.1%
Other assets
557
529
277
+5.2%
Total assets
2,577
2,379
2,147
+8.3%
10-K for the year ended 3 October 2021, filed 24 November 2021: the filing.