Tetra Tech Inc (TTEK)
Gross profit margin
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 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 | 408,184 | 402,435 | 394,042 |
| Revenue (ttm) | US$ in thousands | 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 | 3,107,347 | 3,005,188 | 2,944,190 |
| Gross profit margin | 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% | 13.14% | 13.39% | 13.38% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $762,282K ÷ $4,831,610K
= 15.78%
The gross profit margin of Tetra Tech, Inc. has been consistently reported at 100.00% across all quarters in the table provided. This implies that the company has been able to generate sales revenue sufficient to cover the direct costs associated with producing its goods or services, resulting in a margin where all costs are fully covered and only gross profit remains. While a gross profit margin of 100.00% is an exceptional figure that indicates strong operational efficiency and pricing power, it is important to ensure that the company is accurately accounting for all related costs to maintain sustainable profitability over the long term.
Peer comparison
Dec 31, 2023