v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 29, 2026
Sep. 28, 2025
Current assets:    
Cash and cash equivalents $ 223,612 $ 167,459
Accounts receivable, net 1,047,330 1,158,928
Contract assets 146,455 138,232
Prepaid expenses and other current assets 124,622 98,768
Assets held-for-sale 0 57,502
Total current assets 1,542,019 1,620,889
Property and equipment, net 65,367 66,148
Right-of-use assets, operating leases 206,527 197,618
Goodwill 2,209,588 2,049,874
Intangible assets, net 129,285 121,160
Deferred tax assets 78,763 106,238
Other non-current assets 130,682 120,247
Total assets 4,362,231 4,282,174
Current liabilities:    
Accounts payable 204,792 204,725
Accrued compensation 245,645 346,912
Contract liabilities 410,858 420,254
Short-term lease liabilities, operating leases 73,743 69,099
Current contingent earn-out liabilities 44,449 24,826
Liabilities held-for-sale 0 25,115
Other current liabilities 249,244 288,113
Total current liabilities 1,228,731 1,379,044
Deferred tax liabilities 20,022 21,333
Long-term debt 880,162 763,363
Long-term lease liabilities, operating leases 155,825 154,695
Non-current contingent earn-out liabilities 63,882 32,135
Other non-current liabilities 149,860 151,440
Commitments and contingencies (Note 16)
Equity:    
Preferred stock - authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at March 29, 2026 and September 28, 2025 0 0
Common stock - authorized, 750,000 shares of $0.01 par value; issued and outstanding, 259,525 and 261,418 shares at March 29, 2026 and September 28, 2025, respectively 2,595 2,614
Accumulated other comprehensive loss (94,684) (95,777)
Retained earnings 1,955,468 1,872,948
Tetra Tech stockholders’ equity 1,863,379 1,779,785
Noncontrolling interests 370 379
Total stockholders' equity 1,863,749 1,780,164
Total liabilities and stockholders' equity $ 4,362,231 $ 4,282,174