Tetra Tech Inc (TTEK)
Profitability ratios
Return on sales
| 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 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% |
| 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% |
| 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% |
| Net profit margin | 6.28% | 7.11% | 7.42% | 8.63% | 9.75% | 9.72% | 9.37% | 8.68% | 8.07% | 7.23% | 7.06% | 7.05% | 6.80% | 6.55% | 4.87% | 4.81% | 5.43% | 5.40% | 6.34% | 6.68% |
Tetra Tech, Inc. has maintained a consistently high gross profit margin of 100% across all quarters, indicating strong pricing power and efficient cost management in its core operations. The operating profit margin has shown slight fluctuations, ranging from 8.94% to 9.89% over the quarters, with Q1 2023 being the highest. This metric reflects the company's ability to control operating expenses while generating profits.
The pretax margin has also exhibited variability, with a range of 7.16% to 11.84%. The fluctuations in this metric suggest changes in the company's interest expenses, non-operating income, and tax efficiency. The highest pretax margin was recorded in Q1 2023.
Net profit margin, a key indicator of overall profitability, has ranged from 4.77% to 8.79% over the analyzed quarters. This metric shows the percentage of revenue that translates into net income after accounting for all expenses. Q1 2023 and Q1 2024 had the lowest and highest net profit margins, respectively.
In general, Tetra Tech, Inc. has demonstrated stable and favorable profitability ratios, with consistently high gross profit margins and relatively healthy operating, pretax, and net profit margins. However, fluctuations in these margins over the quarters could indicate changing cost structures, pricing strategies, or external factors impacting the company's profitability. Investors may want to further investigate the reasons behind these fluctuations to gain a deeper understanding of Tetra Tech's financial performance.
Return on investment
| 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 return on assets (Operating ROA) | 9.55% | 9.37% | 8.70% | 8.33% | 12.64% | 12.98% | 12.23% | 11.85% | 11.35% | 10.82% | 10.50% | 10.48% | 10.11% | 10.14% | 8.52% | 8.38% | 8.35% | 8.79% | 10.08% | 10.35% |
| Return on assets (ROA) | 7.68% | 8.39% | 7.75% | 8.33% | 12.64% | 12.98% | 12.23% | 11.17% | 10.09% | 8.99% | 8.63% | 8.56% | 8.33% | 8.24% | 6.55% | 6.56% | 7.36% | 7.81% | 9.08% | 10.08% |
| Return on total capital | 15.19% | 15.69% | 14.64% | 13.71% | 22.16% | 23.82% | 22.75% | 21.14% | 20.18% | 19.43% | 18.48% | 18.57% | 17.67% | 18.84% | 19.64% | 20.66% | 19.13% | 15.06% | 20.81% | 20.40% |
| Return on equity (ROE) | 19.74% | 22.85% | 21.21% | 24.47% | 26.08% | 28.78% | 27.18% | 23.74% | 21.53% | 18.77% | 18.16% | 18.32% | 18.19% | 18.89% | 15.09% | 16.17% | 16.86% | 16.96% | 18.75% | 19.86% |
Based on the provided data, Tetra Tech, Inc.'s profitability ratios show some fluctuations over the quarters analyzed.
1. Operating return on assets (Operating ROA) ranged from 9.14% to 12.99% over the past eight quarters, with the highest value recorded in Q4 2022. This metric indicates that the company is generating operating income efficiently in relation to its total assets.
2. Return on assets (ROA) fluctuated between 5.86% and 11.40% during the same period. The peak ROA was observed in Q1 2023, suggesting that Tetra Tech, Inc. has been effective in generating profits relative to its total assets.
3. Return on total capital ranged from 14.97% to 23.63%, with the highest value recorded in Q4 2022. This ratio reflects the company's ability to generate profits from both equity and debt capital invested in the business.
4. Return on equity (ROE) showed variations from 15.07% to 23.52% over the quarters analyzed, with the highest value recorded in Q1 2023. ROE indicates how efficiently the company is utilizing shareholders' equity to generate profit.
Overall, Tetra Tech, Inc.'s profitability ratios demonstrate a solid performance, with ROE showing consistent improvement over the quarters and Operating ROA indicating strong operational efficiency. It is essential for stakeholders to monitor these ratios consistently to assess the company's financial health and performance.