Tetra Tech (TTEK) FY2022 results: revenue $3.5 billion, up 9.0% on the year
Tetra Tech Inc. (TTEK) reported revenue of $3.5 billion for fiscal 2022, the year ended 2 October 2022, up 9.0% on the year before. Net income was $263 million, up 13.0%, and diluted earnings per share $0.97. The figures are the company's own, from the 10-K it filed with the SEC on 25 November 2022.
Revenue
$3.5 billion
+9.0% on the year
FY2016FY2022
Operating margin
9.7%
8.7% a year earlier
FY2016FY2022
Net income
$263 million
+13.0% on the year
FY2016FY2022
Diluted EPS
$0.97
+14.1% on the year
FY2016FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
336
304
262
+10.5%
Capital expenditure
10.6
8.6
12.2
+23.4%
Free cash flow
326
296
250
+10.1%
Free cash flow margin
9.3%
9.2%
8.4%
Cash from investing
-55.7
-93.0
-63.0
Cash from financing
-250
-210
-163
Depreciation and amortisation
27.0
23.8
24.6
+13.6%
Share-based compensation
26.2
23.1
19.4
+13.7%
Buybacks
200
60.0
117
+233.3%
Dividends paid
46.1
40.0
34.7
+15.1%
Dividend per share
$0.03
$0.15
$0.13
-76.8%
Diluted shares, weighted
271m
273m
275m
-0.9%
Shares outstanding at period end
265m
270m
269m
-1.9%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,183
1,234
1,037
-4.1%
Non-controlling interest
0.1
0.1
0.1
-5.7%
Debt
259
212
292
+21.8%
Operating lease liabilities
146
174
192
-16.1%
Finance lease liabilities
4.7
n/a
n/a
Other liabilities
1,030
955
858
+7.8%
Total liabilities and equity
2,623
2,577
2,379
+1.8%
Fixed assets
32.3
37.7
35.5
-14.4%
Goodwill
1,110
1,109
993
+0.2%
Intangible assets
29.2
38.0
13.9
-23.2%
Cash and equivalents
185
167
158
+11.1%
Receivables
755
669
649
+12.9%
Other assets
511
557
529
-8.3%
Total assets
2,623
2,577
2,379
+1.8%
10-K for the year ended 2 October 2022, filed 25 November 2022: the filing.