Tetra Tech Inc (TTEK)
Return on equity (ROE)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 380,571 | 344,605 | 319,030 | 303,595 | 320,673 | 308,098 | 331,768 | 345,277 | 340,447 | 327,481 | 295,479 | 266,476 | 231,692 | 216,591 | 210,185 | 201,065 | 195,939 | 149,869 | 153,605 | 173,119 |
| Total stockholders’ equity | US$ in thousands | 1,830,320 | 1,666,140 | 1,584,790 | 1,537,610 | 1,403,430 | 1,452,720 | 1,355,600 | 1,323,910 | 1,183,090 | 1,205,010 | 1,244,600 | 1,237,880 | 1,234,240 | 1,192,400 | 1,147,150 | 1,105,190 | 1,037,320 | 992,894 | 950,108 | 1,026,590 |
| ROE | 20.79% | 20.68% | 20.13% | 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% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $380,571K ÷ $1,830,320K
= 20.79%
The return on equity (ROE) of Tetra Tech Inc has shown a generally positive trend over the past two years, increasing from 15.09% at the end of December 2019 to 20.79% at the end of September 2024. This indicates that the company has been effectively utilizing its shareholders' equity to generate profits and create value.
Although there have been fluctuations in ROE over the quarters, the overall trend has been one of improvement and stability. The ROE peaked at 28.78% in September 2022 before experiencing a slight decline and eventually recovering to the current level of 20.79% in September 2024.
The consistent ROE performance suggests that Tetra Tech Inc has been efficiently managing its assets and liabilities to generate profits for its shareholders. Investors and stakeholders may view this as a positive indicator of the company's financial health and operational efficiency. It is important for the company to continue monitoring and improving its ROE to sustain long-term profitability and growth.
Peer comparison
Sep 30, 2024