Tetra Tech Inc (TTEK)
Gross profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 725,029 | 575,559 | 498,400 | 446,535 | 408,183 |
| Revenue | US$ in thousands | 4,470,860 | 3,490,830 | 3,200,980 | 2,991,130 | 3,107,350 |
| Gross profit margin | 16.22% | 16.49% | 15.57% | 14.93% | 13.14% |
September 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $725,029K ÷ $4,470,860K
= 16.22%
The gross profit margin of Tetra Tech Inc has shown a general upward trend over the past five years, indicating an improvement in the company's ability to generate profit from its core operations. In particular, from 2019 to 2023, the gross profit margin increased from 13.14% to 16.22%, reflecting a positive trajectory in the company's cost management and pricing strategies. This improvement suggests that Tetra Tech has been able to effectively control its production costs and/or increase its selling prices to achieve a higher margin on its goods and services. Overall, the trend in gross profit margin indicates a strengthening financial performance and operational efficiency for Tetra Tech Inc.
Peer comparison
Sep 30, 2023