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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 28, 2025
Sep. 28, 2025
Current assets:    
Cash and cash equivalents $ 269,448 $ 167,459
Accounts receivable, net 1,082,417 1,158,928
Contract assets 140,429 138,232
Prepaid expenses and other current assets 112,145 98,768
Assets held-for-sale 0 57,502
Total current assets 1,604,439 1,620,889
Property and equipment, net 65,395 66,148
Right-of-use assets, operating leases 199,552 197,618
Goodwill 2,065,914 2,049,874
Intangible assets, net 113,567 121,160
Deferred tax assets 92,638 106,238
Other non-current assets 123,222 120,247
Total assets 4,264,727 4,282,174
Current liabilities:    
Accounts payable 196,730 204,725
Accrued compensation 221,817 346,912
Contract liabilities 435,373 420,254
Short-term lease liabilities, operating leases 69,681 69,099
Current contingent earn-out liabilities 18,093 24,826
Liabilities held-for-sale 0 25,115
Other current liabilities 279,100 288,113
Total current liabilities 1,220,794 1,379,044
Deferred tax liabilities 20,171 21,333
Long-term debt 834,256 763,363
Long-term lease liabilities, operating leases 154,444 154,695
Non-current contingent earn-out liabilities 33,299 32,135
Other non-current liabilities 155,125 151,440
Commitments and contingencies (Note 16)
Equity:    
Preferred stock - authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at December 28, 2025 and September 28, 2025 0 0
Common stock - authorized, 750,000 shares of $0.01 par value; issued and outstanding, 260,811 and 261,418 shares at December 28, 2025 and September 28, 2025, respectively 2,608 2,614
Accumulated other comprehensive loss (76,356) (95,777)
Retained earnings 1,919,840 1,872,948
Tetra Tech stockholders’ equity 1,846,092 1,779,785
Noncontrolling interests 546 379
Total stockholders' equity 1,846,638 1,780,164
Total liabilities and stockholders' equity $ 4,264,727 $ 4,282,174