Tetra Tech Inc (TTEK)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 419,686 | 448,198 | 424,007 | 447,438 | 453,020 | 426,049 | 379,613 | 340,428 | 305,554 | 265,731 | 274,362 | 267,268 | 253,308 | 250,040 | 189,691 | 191,013 | 191,348 | 184,181 | 212,234 | 224,259 |
| 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 |
| Pretax margin | 8.69% | 9.94% | 10.22% | 11.63% | 12.80% | 12.16% | 10.87% | 10.01% | 9.26% | 8.29% | 8.94% | 8.97% | 8.56% | 8.36% | 6.16% | 5.98% | 6.01% | 5.93% | 7.06% | 7.62% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $419,686K ÷ $4,831,610K
= 8.69%
Tetra Tech, Inc.'s pretax margin has exhibited some fluctuations over the past eight quarters. The company's pretax margin was highest in Q1 2023 at 11.84% and lowest in Q1 2024 at 7.16%. These variations suggest some volatility in the company's profitability before accounting for taxes. Despite the fluctuations, Tetra Tech, Inc. has generally maintained a pretax margin above 7% over the period, indicating a consistent ability to generate profits relative to its total revenue before tax expenses. The downward trend observed from Q1 2023 to Q1 2024 may warrant further investigation into factors impacting the company's pre-tax profitability.
Peer comparison
Dec 31, 2023