Tetra Tech
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

20252025202620272028
Price/Earnings ratio
4.895.454.454.073.83
Price/Sales ratio
0.410.440.400.380.37
Earnings per Share (EPS)
$7.34$6.59$8.07$8.81$9.36

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
38.2724.4422.7627.6930.0629.5235.1026.1429.4637.8231.9830.06
Price/Sales ratio
0.650.790.971.271.531.712.541.961.782.422.051.53
Price/Book Value ratio
1.742.352.893.924.824.946.625.815.746.885.824.82
Price/Cash Flow ratio
9.1814.4219.4421.4322.8719.5526.8520.4621.8635.1529.7222.87
Price/Free Cash Flow ratio
10.7915.7420.9222.6824.8020.5127.6321.1223.5937.0231.3124.80
Price/Earnings Growth ratio
-0.610.190.551.411.632.851.021.875.771.77-9.022.85
Dividend Yield
1.21%0.96%0.80%0.64%0.62%0.67%0.48%0.67%0.64%0.46%0.56%0.67%
Profitability Indicator Ratios
Gross Profit Margin
13.73%12.78%12.84%12.97%13.13%14.90%15.50%16.42%16.03%16.66%16.66%13.13%
Operating Profit Margin
3.81%5.25%6.65%6.41%6.07%8.05%8.67%9.71%7.91%9.63%9.63%6.07%
Pretax Profit Margin
3.49%4.81%6.23%5.88%5.63%7.61%8.30%9.95%8.86%8.91%8.91%5.63%
Net Profit Margin
1.69%3.24%4.28%4.61%5.10%5.80%7.24%7.50%6.04%6.41%6.41%5.10%
Effective Tax Rate
51.16%32.62%31.34%21.54%9.34%23.72%12.75%24.54%31.80%28.05%28.05%9.34%
Return on Assets
2.50%4.66%6.19%7.02%7.37%7.30%9.03%10.03%7.15%7.95%7.95%7.37%
Return On Equity
4.56%9.63%12.69%14.15%16.03%16.76%18.86%22.24%19.48%18.21%20.14%16.03%
Return on Capital Employed
7.90%10.32%13.43%14.19%13.54%15.20%16.12%19.94%13.70%16.84%16.84%13.54%
Liquidity Ratios
Current Ratio
1.821.941.931.691.401.26N/AN/AN/AN/A1.251.26
Quick Ratio
1.821.931.931.701.421.261.251.261.121.251.251.26
Cash ratio
0.300.330.350.230.150.190.190.200.130.190.190.15
Days of Sales Outstanding
102.59100.92106.32103.07103.7292.7689.3989.3488.6284.4784.4792.76
Days of Inventory outstanding
N/AN/A-0.00N/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
102.59100.92106.32103.07103.7292.7689.3989.3488.6284.4784.4792.76
Days of Payables Outstanding
27.6525.7127.0122.6627.9316.0117.3118.3716.6516.6316.6316.01
Cash Conversion Cycle
74.9475.2079.3080.4075.7876.7572.0870.9671.9667.8367.8376.75
Debt Ratios
Debt Ratio
0.120.190.180.140.120.150.100.120.230.200.200.12
Debt Equity Ratio
0.220.390.380.280.270.340.220.260.620.470.470.27
Long-term Debt to Capitalization
0.170.270.260.210.210.180.130.170.380.300.300.21
Total Debt to Capitalization
0.180.280.270.220.210.250.180.210.380.320.320.21
Interest Coverage Ratio
10.9010.9614.8911.2012.2916.71N/AN/AN/AN/A13.4312.29
Cash Flow to Debt Ratio
0.840.400.380.630.750.721.081.060.410.400.400.72
Company Equity Multiplier
1.822.062.042.012.172.292.082.212.722.292.292.17
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.070.050.050.050.060.080.090.090.080.060.060.06
Free Cash Flow / Operating Cash Flow Ratio
0.850.910.920.940.920.950.970.960.920.940.940.92
Cash Flow Coverage Ratio
0.840.400.380.630.750.721.081.060.410.400.400.72
Short Term Coverage Ratio
13.689.158.8514.0316.582.203.804.77N/A5.655.655.65
Dividend Payout Ratio
46.68%23.55%18.38%17.88%18.70%19.98%17.19%17.51%19.05%17.64%17.64%19.98%