Tetra Tech Inc (TTEK)
Pretax margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 400,946 | 348,727 | 266,849 | 227,960 | 175,043 |
| Revenue | US$ in thousands | 4,470,860 | 3,490,830 | 3,200,980 | 2,991,130 | 3,107,350 |
| Pretax margin | 8.97% | 9.99% | 8.34% | 7.62% | 5.63% |
September 30, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $400,946K ÷ $4,470,860K
= 8.97%
Tetra Tech Inc's pretax margin has shown a consistent upward trend over the past five years, indicating improved profitability before accounting for taxes. The pretax margin was 8.97% in 2023, a slight decrease from the previous year but still higher than in 2021 and 2020. This suggests that Tetra Tech Inc has been effectively managing its expenses and generating higher revenues relative to costs. The company's ability to maintain and increase its pretax margin demonstrates operational efficiency and effective cost control measures, which are positive indicators of financial health and profitability. Overall, Tetra Tech Inc's pretax margin performance reflects a favorable trend in profitability over the years.
Peer comparison
Sep 30, 2023