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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 29, 2025
Sep. 29, 2024
Current assets:    
Cash and cash equivalents $ 242,833 $ 232,689
Accounts receivable, net 1,127,519 1,051,461
Contract assets 142,852 129,678
Prepaid expenses and other current assets 106,592 113,555
Total current assets 1,619,796 1,527,383
Property and equipment, net 70,302 73,065
Right-of-use assets, operating leases 186,145 177,950
Goodwill 2,084,872 2,046,569
Intangible assets, net 157,752 160,585
Deferred tax assets 109,477 105,529
Other non-current assets 125,103 101,595
Total assets 4,353,447 4,192,676
Current liabilities:    
Accounts payable 234,591 197,440
Accrued compensation 313,335 332,096
Contract liabilities 389,856 351,738
Short-term lease liabilities, operating leases 64,109 63,419
Current contingent earn-out liabilities 35,362 26,934
Other current liabilities 338,868 247,900
Total current liabilities 1,376,121 1,219,527
Deferred tax liabilities 30,673 30,162
Long-term debt 862,483 812,634
Long-term lease liabilities, operating leases 145,045 140,095
Non-current contingent earn-out liabilities 34,369 21,812
Other non-current liabilities 162,660 138,033
Commitments and contingencies (Note 17)
Equity:    
Preferred stock - authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at June 29, 2025 and September 29, 2024 0 0
Common stock - authorized, 750,000 shares of $0.01 par value; issued and outstanding, 262,752 and 267,717 shares at June 29, 2025 and September 29, 2024, respectively 2,628 2,677
Additional paid-in capital 0 35,900
Accumulated other comprehensive loss (65,117) (78,875)
Retained earnings 1,804,429 1,870,620
Tetra Tech stockholders’ equity 1,741,940 1,830,322
Noncontrolling interests 156 91
Total stockholders' equity 1,742,096 1,830,413
Total liabilities and stockholders' equity $ 4,353,447 $ 4,192,676