Tetra Tech Inc (TTEK)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 377,144 | 358,113 | 345,538 | 331,768 | 345,277 | 340,447 | 327,481 | 313,383 | 299,670 | 278,702 | 263,601 | 257,319 | 244,042 | 241,092 | 195,022 | 196,338 | 196,353 | 188,762 | 211,382 | 202,037 |
| 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 |
| Operating profit margin | 7.81% | 7.94% | 8.33% | 8.63% | 9.75% | 9.72% | 9.37% | 9.21% | 9.08% | 8.70% | 8.59% | 8.64% | 8.25% | 8.06% | 6.33% | 6.15% | 6.16% | 6.07% | 7.03% | 6.86% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $377,144K ÷ $4,831,610K
= 7.81%
The operating profit margin of Tetra Tech, Inc. has shown some fluctuation over the past several quarters. It ranged from a high of 9.89% in Q1 2023 to a low of 8.94% in Q1 2024. Overall, the margins have generally been above 9% with only a few exceptions. This indicates that the company has been able to effectively manage its operating expenses relative to its sales revenue. However, the slight variations in the margin suggest that periods of increased or decreased profitability may have occurred due to factors such as changes in costs, pricing strategies, or sales volumes. Further analysis would be needed to determine the specific drivers behind these fluctuations and their impact on the company's overall financial performance.
Peer comparison
Dec 31, 2023