Tetra Tech Inc (TTEK)
Gross profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 866,440 | 833,257 | 798,931 | 762,282 | 725,030 | 668,973 | 624,711 | 589,038 | 575,558 | 563,433 | 544,545 | 521,856 | 498,400 | 479,891 | 468,592 | 453,108 | 446,535 | 416,176 | 419,766 | 419,237 |
| Revenue (ttm) | US$ in thousands | 5,179,210 | 5,065,350 | 4,915,110 | 4,831,610 | 4,507,686 | 4,149,638 | 3,845,789 | 3,540,303 | 3,504,047 | 3,493,497 | 3,402,183 | 3,301,410 | 3,205,014 | 3,067,366 | 2,979,729 | 2,958,931 | 2,992,562 | 3,079,700 | 3,194,213 | 3,185,661 |
| Gross profit margin | 16.73% | 16.45% | 16.25% | 15.78% | 16.08% | 16.12% | 16.24% | 16.64% | 16.43% | 16.13% | 16.01% | 15.81% | 15.55% | 15.65% | 15.73% | 15.31% | 14.92% | 13.51% | 13.14% | 13.16% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $866,440K ÷ $5,179,210K
= 16.73%
The gross profit margin of Tetra Tech Inc has shown a generally positive trend over the past several quarters, indicating improving efficiency in generating profits from its core business activities. The margin has remained relatively stable, staying within the range of 15.31% to 16.73% in the most recent quarters.
This consistency suggests that Tetra Tech has been effectively managing its production costs and pricing strategies to maintain a healthy level of profitability. The increase in the gross profit margin from 13.16% in December 2019 to around 16.73% in September 2024 reflects the company's efforts to enhance operational efficiency and optimize its revenue-generating processes.
Overall, the gradual improvement in Tetra Tech's gross profit margin demonstrates the company's ability to generate more profits from its sales, which is a positive indicator for its financial performance and sustainability in the long run.
Peer comparison
Sep 30, 2024