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Te tra Tech, Inc. ("Tetra Tech") is a leading global provider of high-end consulting and engineering services that focuses on water, environment and sustainable infrastructure. We are a global company that is Leading with Science to provide innovative solutions for our public and private clients.
Operating margin is thin at 7.50%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 4.7%, steady but not accelerating. Margins contracted 2.1pp, which offsets some of the top-line progress.
ROIC dropped from 13.89% to 9.93%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$5.24B
▲ +4.7% YoY
Net Income (TTM)
$341M
▼ -25.7% YoY
Op. Margin
9.87%
▼ -2.1pp YoY
ROIC
12.99%
▼ -4.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$589M
▲ +28.9% YoY
Op. Cash Flow (TTM)
$610M
▲ +27.6% YoY
Net Debt
$886M
Cash & Equiv.
$224M
5Y CAGR: +12.7%
5Y CAGR: +11.9%
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