What is Tetra Tech's lease impairment?

Tetra Tech (TTEK) reported lease impairment of $0 in Q3 2025.

What does lease impairment mean?

This represents a non-cash charge recognized when the carrying value of a right-of-use asset related to an operating lease exceeds its recoverable amount. It often signals a reduction in the company's physical footprint or a strategic shift in office space requirements. This metric is used to assess the impact of asset rationalization on the balance sheet and income statement.

Tetra Tech TTEK Lease impairment

Lease impairment at other companies

Tetra TechTTEK

$0—

Tetra TechTTEK

$0—

Lumentum Holdings Inc.LITE

$0-100%

Henry ScheinHSIC

$0-100%

SemtechSMTC

$0—

ExelixisEXEL

$0-100%

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:OperatingLeaseImpairmentLoss.

The official record: Tetra Tech’s 10-K, filed November 20, 2025, on SEC EDGAR. View the filing →

Ask your AI about Tetra Tech's lease impairment.

Connect your AI assistant and see it in context, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Tetra Tech's lease impairment?: Tetra Tech (TTEK) reported lease impairment of $0 in Q3 2025.
What does lease impairment mean?: This represents a non-cash charge recognized when the carrying value of a right-of-use asset related to an operating lease exceeds its recoverable amount. It often signals a reduction in the company's physical footprint or a strategic shift in office space requirements. This metric is used to assess the impact of asset rationalization on the balance sheet and income statement.