Tetra Tech (TTEK) Cash Flow: Operating & Free Cash Flow

Tetra Tech (TTEK) Cash Flow Statement

In fiscal 2025 (fiscal year ended Sep 30, 2025), Tetra Tech generated $457.69M of operating cash flow and spent $18.63M on capital expenditures. That left free cash flow of $439.05M, up 28.9% from $340.57M a year earlier, or 8.1% of revenue. It returned $315.02M to shareholders through $65.04M in dividends and $249.98M in share buybacks.

Tetra Tech Cash Flow Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Tetra Tech, Inc. (TTEK) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Sep 2025	Sep 2024	Oct 2023	Sep 2023	Oct 2022	Sep 2022	Oct 2021	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Operating Activities
Net Income	0.51	0.33	0.27	0.27	0.26	0.26	0.23	0.23	0.17	0.16	0.14	0.12
Depreciation & Amortization	0.06	0.07	0.06	0.06	0.03	0.03	0.02	0.02	0.02	0.03	0.04	0.05
Deferred Income Tax	-0.01	-0.02	-	-0.02	-	0.00	-	-0.04	0.00	-0.03	-0.02	-0.01
Stock Based Compensation	0.03	0.03	0.03	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.02	0.01
Change in Working Capital	0.05	-0.07	0.09	0.09	0.04	0.04	0.07	0.07	0.05	0.01	-0.01	-0.02
Change in Accounts Receivable	-0.09	-0.04	-0.02	-0.02	-0.09	-0.09	0.01	0.01	0.16	-0.01	-0.05	-0.06
Change in Inventory	0.00	0.00	-	0.00	-	0.00	-	0.00	0.00	-0.01	0.00	-0.01
Change in Accounts Payable	0.00	0.02	-0.02	-0.02	0.02	0.02	0.01	0.01	-0.10	0.04	-0.02	0.02
Change in Other Working Capital	-0.01	0.01	0.00	0.01	0.01	0.00	0.01	0.04	0.00	0.00	0.05	0.03
Other Operating Activities	-0.01	0.01	-0.08	0.01	-0.02	0.00	-0.04	0.00	-0.01	0.03	0.01	0.00
Net Cash from Operating Activities	0.46	0.36	0.37	0.37	0.34	0.34	0.30	0.30	0.26	0.21	0.18	0.14
Investing Activities
Capital Expenditures	-0.02	-0.02	-0.03	-0.03	-0.01	-0.01	-0.01	-0.01	-0.01	-0.02	-0.01	-0.01
Acquisitions	-0.10	-0.09	-0.85	-0.85	-0.05	-0.05	-0.08	-0.08	-0.07	-0.08	-0.07	-0.01
Purchases of Investments	0.00	0.00	-	0.00	-	0.00	-	0.00	0.00	0.00	0.00	0.00
Sales/Maturities of Investments	0.00	0.00	-	0.11	-	0.00	-	0.00	0.00	0.00	0.00	0.00
Other Investing Activities	0.01	0.00	0.10	0.00	-	0.00	-	0.00	0.02	0.00	0.04	0.00
Net Cash from Investing Activities	-0.11	-0.11	-0.77	-0.77	-0.06	-0.06	-0.09	-0.09	-0.06	-0.10	-0.04	-0.02
Financing Activities
Debt Repayment	-0.78	-0.29	-1.02	-1.03	-0.12	-0.12	-0.41	-0.08	0.01	0.00	-0.08	0.01
Common Stock Issued	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.01	0.02
Common Stock Repurchased	-0.25	0.00	-0.03	0.00	-0.23	-0.20	-0.08	-0.06	-0.12	-0.10	-0.08	-0.10
Dividends Paid	-0.07	-0.06	-0.05	-0.05	-0.05	-0.05	-0.04	-0.04	-0.03	-0.03	-0.02	-0.02
Other Financing Activities	-0.03	-0.06	-0.09	-0.10	-0.02	-0.05	-0.02	-0.03	-0.02	-0.01	0.00	0.02
Net Cash from Financing Activities	-0.41	-0.19	0.38	0.38	-0.25	-0.25	-0.21	-0.21	-0.16	-0.14	-0.18	-0.09
Summary
Effect of Forex Changes on Cash	-0.01	0.01	0.00	0.00	-0.01	-0.01	0.01	0.01	0.00	0.00	0.00	0.00
Net Change in Cash	-0.06	0.06	-0.02	-0.02	0.02	0.02	0.01	0.01	0.04	-0.03	-0.04	0.03
Cash at Beginning of Period	0.23	0.17	-	0.19	-	0.17	-	0.16	0.12	0.15	0.19	0.16
Cash at End of Period	0.17	0.23	-	0.17	-	0.19	-	0.17	0.16	0.12	0.15	0.19
Free Cash Flow	0.44	0.34	0.34	0.34	0.33	0.33	0.30	0.30	0.25	0.19	0.17	0.13
Supplemental Disclosures
Interest Paid	0.03	0.04	0.05	-	0.01	-	0.01	-	-	-	-	-
Income Taxes Paid	0.11	0.18	0.09	-	0.07	-	0.06	-	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Tetra Tech Cash Flow

What is Tetra Tech's free cash flow?

Tetra Tech generated free cash flow of $439.05M in fiscal 2025 (fiscal year ended Sep 30, 2025), operating cash flow of $457.69M minus $18.63M of capital expenditures. That was up 28.9% from $340.57M a year earlier. Free cash flow equaled 8.1% of revenue.

How much does Tetra Tech spend on capital expenditures?

Tetra Tech spent $18.63M on capital expenditures in fiscal 2025, compared with $18.14M a year earlier. That equals 4.1% of operating cash flow.

Does Tetra Tech pay dividends or buy back shares?

Yes. In fiscal 2025 Tetra Tech returned $65.04M in dividends and $249.98M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition