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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 28, 2025
Sep. 29, 2024
Current assets:    
Cash and cash equivalents $ 167,459 $ 232,689
Accounts receivable, net 1,158,928 1,051,461
Contract assets 138,232 129,678
Prepaid expenses and other current assets 83,434 91,585
Assets held-for-sale 57,502 0
Income taxes receivable 15,334 21,970
Total current assets 1,620,889 1,527,383
Property and equipment, net 66,148 73,065
Right-of-use assets, operating leases 197,618 177,950
Goodwill 2,049,874 2,046,569
Intangible assets, net 121,160 160,585
Deferred tax assets 106,238 105,529
Other non-current assets 120,247 101,595
Total assets 4,282,174 4,192,676
Current liabilities:    
Accounts payable 204,725 197,440
Accrued compensation 346,912 332,096
Contract liabilities 420,254 351,738
Short-term lease liabilities, operating leases 69,099 63,419
Current contingent earn-out liabilities 24,826 26,934
Liabilities held-for-sale 25,115 0
Other current liabilities 288,113 247,900
Total current liabilities 1,379,044 1,219,527
Deferred tax liabilities 21,333 30,162
Long-term debt 763,363 812,634
Long-term lease liabilities, operating leases 154,695 140,095
Non-current contingent earn-out liabilities 32,135 21,812
Other non-current liabilities 151,440 138,033
Commitments and contingencies (Note 18)
Equity:    
Preferred stock – Authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at September 28, 2025 and September 29, 2024 0 0
Common stock – Authorized, 750,000 shares of $0.01 par value; issued and outstanding, 261,418 and 267,717 shares at September 28, 2025 and September 29, 2024, respectively 2,614 2,677
Additional paid-in capital 0 35,900
Accumulated other comprehensive loss (95,777) (78,875)
Retained earnings 1,872,948 1,870,620
Tetra Tech stockholders' equity 1,779,785 1,830,322
Noncontrolling interests 379 91
Total stockholders' equity 1,780,164 1,830,413
Total liabilities and stockholders' equity $ 4,282,174 $ 4,192,676