Tetra Tech (TTEK) FY2024 results: revenue $5.2 billion, up 15.0% on the year
Tetra Tech Inc. (TTEK) reported revenue of $5.2 billion for fiscal 2024, the year ended 29 September 2024, up 15.0% on the year before. Net income was $333 million, up 21.9%, and diluted earnings per share $1.23. The figures are the company's own, from the 10-K it filed with the SEC on 19 November 2024.
Revenue
$5.2 billion
+15.0% on the year
FY2017FY2024
Operating margin
9.6%
7.9% a year earlier
FY2017FY2024
Net income
$333 million
+21.9% on the year
FY2017FY2024
Diluted EPS
$1.23
+20.6% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
359
368
336
-2.6%
Capital expenditure
18.1
26.9
10.6
-32.6%
Free cash flow
341
342
326
-0.3%
Free cash flow margin
6.6%
7.6%
9.3%
Cash from investing
-111
-771
-55.7
Cash from financing
-191
382
-250
Depreciation and amortisation
73.7
61.2
27.0
+20.4%
Share-based compensation
31.2
28.6
26.2
+8.9%
Buybacks
0.0
0.0
200
Dividends paid
58.8
52.1
46.1
+12.9%
Dividend per share
$0.22
$0.04
$0.03
+461.2%
Diluted shares, weighted
270m
268m
271m
+0.7%
Shares outstanding at period end
268m
266m
265m
+0.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,830
1,403
1,183
+30.4%
Non-controlling interest
0.1
0.1
0.1
+24.7%
Debt
825
895
259
-7.8%
Operating lease liabilities
140
145
146
-3.2%
Finance lease liabilities
n/a
n/a
4.7
Other liabilities
1,397
1,377
1,030
+1.4%
Total liabilities and equity
4,193
3,820
2,623
+9.7%
Fixed assets
73.1
74.8
32.3
-2.4%
Goodwill
2,047
1,880
1,110
+8.8%
Intangible assets
161
174
29.2
-7.7%
Cash and equivalents
233
169
185
+37.8%
Receivables
1,051
975
755
+7.9%
Other assets
628
548
511
+14.6%
Total assets
4,193
3,820
2,623
+9.7%
10-K for the year ended 29 September 2024, filed 19 November 2024: the filing.