Filing Flows › Tetra Tech (TTEK) › Q2 FY25
Tetra Tech (TTEK) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 8, 2025
Tetra Tech (TTEK) reported revenue of $1.3B for the second quarter fiscal 2025 (Q2 FY25), +6% from a year earlier and -7% from the quarter before. Operating margin was 3.0%, net earnings $5.4M (0.4% of revenue).
Tetra Tech, Q2 FY25: revenue $1.3B (+6% year over year), operating margin 3.0%, net earnings $5.4M, operating cash flow −$5.8M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | -7% | +6% |
| Gross profit | $214M | -3% | +3% |
| Operating profit | $39.6M | +76% | -66% |
| Net earnings | $5.4M | +596% | -93% |
| Operating cash flow | −$5.8M | -106% | — |
What changed
Revenue was $1.3B in Q2 FY25, up 6% year over year and down 7% from the previous quarter.
Gross margin was 16.2%, down 0.4 points from a year earlier. Operating profit was $0.04B, a 3.0% margin (down 6.4 points year over year). Operating profit fell $0.08B even though revenue rose $0.07B versus a year earlier, so costs grew faster than sales. Operating expenses grew 94% against revenue growth of 6%. Net earnings were $0.01B, down 93% year over year. The effective tax rate was 82.6%.
Operating cash flow was −$0.01B. Non-cash charges added back $0.01B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.03B. Capital expenditures of $0.01B exceeded it, leaving free cash flow of −$0.01B.
Questions
What was Tetra Tech's revenue in the second quarter fiscal 2025?
Tetra Tech (TTEK) reported revenue of $1.3B for the second quarter fiscal 2025 (Q2 FY25), +6% from a year earlier and -7% from the quarter before.
Was Tetra Tech profitable in the second quarter fiscal 2025?
Operating profit was $39.6M (3.0% of revenue) and net earnings $5.4M.
Source: Tetra Tech 10-Q on SEC EDGAR.