What is Tetra Tech's contract assets?

Tetra Tech (TTEK) reported contract assets of $146.46M in Q1 2026.

How has Tetra Tech's contract assets changed year-over-year?

Tetra Tech's contract assets increased by 9.2% year-over-year, from $134.11M to $146.46M.

What is the long-term trend for Tetra Tech's contract assets?

Over 5 years (2020 to 2025), Tetra Tech's contract assets has grown at a 8.3% compound annual growth rate (CAGR), from $92.63M to $138.23M.

What does contract assets mean?

Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

Tetra Tech TTEK Contract Assets

Contract Assets at other companies

AECOMACM

$2.16B+14.9%

FluorFLR

$1.23B-6.0%

Leidos HoldingsLDOS

——

Booz Allen HamiltonBAH

——

MYR GroupMYRG

——

CACI InternationalCACI

——

Segments

By product

See full

Contract Retentions$10.7M—

Other financials

Income statement

See full

Revenue$1.2B-7.7%

Gross profit$1.0B-4.9%

Operating income$131.5M+232%

Net income$93.8M+1,641%

EPS (diluted)$0.36+1,700%

Balance sheet

See full

Cash & equivalents$223.6M+24.6%

Total debt$1.1B-9.3%

Total equity$1.9B+18.4%

Total assets$4.4B+4.3%

Cash flow

See full

Operating cash flow$165.3M—

CapEx$6.0M+7.2%

Free cash flow$159.4M+1,496%

Valuation

See full

Market cap$7.1B+0.2%

Enterprise value$7.99B-1.6%

P/E16.1×-21.6×

P/S1.4×+0.1×

Profitability

See full

Gross margin122.2%+8.2pp

Operating margin12.1%+5.9pp

Net margin8.6%+5.1pp

FCF margin13%+8.7pp

Returns & leverage

See full

Return on equity25.6%+13.7pp

Debt / equity0.6×-0.2×

Current ratio1.3×+0.2×

Where this comes from

Reported directly by Tetra Tech in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: Tetra Tech’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tetra Tech's contract assets?: Tetra Tech (TTEK) reported contract assets of $146.46M in Q1 2026.
How has Tetra Tech's contract assets changed year-over-year?: Tetra Tech's contract assets increased by 9.2% year-over-year, from $134.11M to $146.46M.
What is the long-term trend for Tetra Tech's contract assets?: Over 5 years (2020 to 2025), Tetra Tech's contract assets has grown at a 8.3% compound annual growth rate (CAGR), from $92.63M to $138.23M.
What does contract assets mean?: Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.