Tetra Tech (TTEK) FY2023 results: revenue $4.5 billion, up 29.1% on the year
Tetra Tech Inc. (TTEK) reported revenue of $4.5 billion for fiscal 2023, the year ended 1 October 2023, up 29.1% on the year before. Net income was $273 million, up 3.9%, and diluted earnings per share $1.02. The figures are the company's own, from the 10-K it filed with the SEC on 22 November 2023.
Revenue
$4.5 billion
+29.1% on the year
FY2016FY2023
Operating margin
7.9%
9.7% a year earlier
FY2016FY2023
Net income
$273 million
+3.9% on the year
FY2016FY2023
Diluted EPS
$1.02
+4.9% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
368
336
304
+9.6%
Capital expenditure
26.9
10.6
8.6
+154.2%
Free cash flow
342
326
296
+4.9%
Free cash flow margin
7.6%
9.3%
9.2%
Cash from investing
-771
-55.7
-93.0
Cash from financing
382
-250
-210
Depreciation and amortisation
61.2
27.0
23.8
+126.4%
Share-based compensation
28.6
26.2
23.1
+9.1%
Buybacks
0.0
200
60.0
Dividends paid
52.1
46.1
40.0
+13.0%
Dividend per share
$0.04
$0.03
$0.15
+14.0%
Diluted shares, weighted
268m
271m
273m
-1.0%
Shares outstanding at period end
266m
265m
270m
+0.5%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,403
1,183
1,234
+18.6%
Non-controlling interest
0.1
0.1
0.1
+46.0%
Debt
895
259
212
+245.9%
Operating lease liabilities
145
146
174
-1.1%
Finance lease liabilities
n/a
4.7
n/a
Other liabilities
1,377
1,030
955
+33.7%
Total liabilities and equity
3,820
2,623
2,577
+45.7%
Fixed assets
74.8
32.3
37.7
+131.6%
Goodwill
1,880
1,110
1,109
+69.3%
Intangible assets
174
29.2
38.0
+496.4%
Cash and equivalents
169
185
167
-8.8%
Receivables
975
755
669
+29.1%
Other assets
548
511
557
+7.3%
Total assets
3,820
2,623
2,577
+45.7%
10-K for the year ended 1 October 2023, filed 22 November 2023: the filing.