Tetra Tech, Inc. reported a revenue of $5.44 billion for the fiscal year ending September 28, 2025, marking a 4.7% increase from $5.20 billion in the previous fiscal year. The company's net income attributable to Tetra Tech decreased by 25.7% to $247.7 million, or $0.93 per diluted share, compared to $333.4 million, or $1.23 per diluted share, in fiscal 2024. The decline in profitability was attributed to a $115 million legal contingency charge and a $92.4 million goodwill impairment related to the cancellation of contracts with the U.S. Agency for International Development (USAID).
The Government Services Group (GSG) segment saw a revenue increase of 7.7% to $2.67 billion, driven by disaster response work, while the Commercial/International Services Group (CIG) segment's revenue rose by 2.1% to $2.84 billion. The GSG segment's growth was partially offset by a revenue decline of approximately $100 million due to the aforementioned USAID contract cancellations. In contrast, the CIG segment's growth was supported by increased demand for water planning and design services in the United Kingdom, although it faced challenges in Australia.
Tetra Tech's operational metrics showed a significant increase in U.S. state and local government revenue, which grew by 28.8% to $790 million, largely due to disaster response activities related to hurricanes. The company also reported a backlog of $4.1 billion at the end of fiscal 2025, with expectations to recognize approximately 70% of this backlog as revenue in fiscal 2026. The company employed over 25,000 associates globally and completed over 100,000 projects across more than 100 countries.
Strategically, Tetra Tech made two acquisitions in fiscal 2025: Carron + Walsh, a project management firm based in Ireland, and SAGE Group Holdings, an Australian consulting firm. These acquisitions are expected to enhance Tetra Tech's service offerings and geographic reach. The company also authorized a $500 million stock repurchase program, complementing a previous $400 million program, and declared dividends totaling $65 million for the fiscal year. Looking ahead, Tetra Tech anticipates continued growth in its U.S. federal revenue, excluding USAID and disaster response activities, and expects to leverage its strong market position in water and environmental services.
About TETRA TECH INC
Tetra Tech, Inc. is a global provider of consulting, engineering, and technology services focused on water, environment, and sustainable infrastructure. It offers solutions in water management, environmental remediation, renewable energy, and disaster response for government and commercial clients worldwide. Leveraging advanced analytics, AI, and digital tools, the company delivers innovative, sustainable, and resilient projects across diverse markets and regions.
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