Filing Flows › Tetra Tech (TTEK) › Q2 FY26 › vs Q2 FY25
Tetra Tech (TTEK) Q2 FY26 vs Q2 FY25 (year over year)
Tetra Tech's revenue fell $102M (-8%) from $1.3B in Q2 FY25 to $1.2B in Q2 FY26. Gross margin 17.5% against 16.2% (+1.3 pts).
Tetra Tech, Q2 FY26: revenue $1.2B (-8% year over year), operating margin 10.8%, net earnings $93.8M, operating cash flow $165M. The chart draws each line against Q2 FY25, the increases inside each band.
Margins
| Q2 FY26 | Q2 FY25 | Change | |
|---|---|---|---|
| Gross margin | 17.5% | 16.2% | +1.3 pts |
| Operating margin | 10.8% | 3.0% | +7.8 pts |
| Net margin | 7.7% | 0.4% | +7.3 pts |
| Free cash flow margin | 13.1% | -0.9% | +13.9 pts |
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $1.2B | $1.3B | −$102M | -8% |
| Gross profit | $214M | $214M | −$91K | 0% |
| Cost of revenue | $1.0B | $1.1B | −$102M | -9% |
| Operating profit | $132M | $39.6M | $91.9M | +232% |
| Operating expenses | $82.6M | $175M | −$92.0M | -53% |
| Pre-tax earnings | $127M | $31.1M | $96.2M | +309% |
| Other expense, net | $4.2M | $8.5M | −$4.3M | -51% |
| Net earnings | $93.8M | $5.4M | $88.4M | 17× |
| Income tax | $33.5M | $25.7M | $7.8M | +30% |
| Depreciation & amortization | $14.3M | $13.9M | $465K | +3% |
| Share-based compensation | $9.5M | $8.9M | $603K | +7% |
| Working capital & other | $47.7M | −$34.0M | $81.7M | — |
| Operating cash flow | $165M | −$5.8M | $171M | — |
| Free cash flow (OCF − capex) | $159M | −$11.4M | $171M | — |
| Capital expenditures | $6.0M | $5.6M | $403K | +7% |
Questions
How much did Tetra Tech's revenue grow year over year in Q2 FY26?
Tetra Tech's revenue fell $102M (-8%) from $1.3B in Q2 FY25 to $1.2B in Q2 FY26. Gross margin 17.5% against 16.2% (+1.3 pts).