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Tetra Tech vs Vse: revenue, profit, margins and growth compared

Tetra Tech brought in $5.4B of revenue in fiscal 2025, Vse $1.1B in fiscal 2025. Revenue changed by +4.7% at Tetra Tech and +41.5% at Vse on the year before, so Vse grew faster. Tetra Tech kept 4.6% of its revenue as net profit, Vse 1.1%. Free cash flow was $439.1M at Tetra Tech and $5.7M at Vse.

Side by side, latest fiscal year

TTEKVSEC
Fiscal year endedFY2025 (September 28, 2025)FY2025 (December 31, 2025)
Revenue$5.4B$1.1B
Revenue growth+4.7%+41.5%
Net income$247.7M$11.7M
Net margin4.6%1.1%
Free cash flow$439.1M$5.7M
Free cash flow margin8.1%0.5%
Earnings per share (diluted)$0.93$0.55
Cash$167.5M$69.4M
Debt$766.4M$292.8M
Price to earnings36.5328.7
Market value$8.7B$5.1B
Dividend yield0.73%0.22%
Rank by revenue in sector#188 of 778 · Consumer discretionary#446 of 778 · Consumer discretionary

Over the years

Revenue
TTEK FY2018: $3BTTEK FY2019: $3.1BTTEK FY2020: $3BTTEK FY2021: $3.2BTTEK FY2022: $3.5BTTEK FY2023: $4.5BTTEK FY2024: $5.2BTTEK FY2025: $5.4BVSEC FY2018: $697.2MVSEC FY2019: $752.6MVSEC FY2020: $661.7MVSEC FY2021: $481.4MVSEC FY2022: $669.4MVSEC FY2023: $544MVSEC FY2024: $786.3MVSEC FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
TTEK $5.4BVSEC $1.1B
Net income
TTEK FY2018: $136.9MTTEK FY2019: $158.7MTTEK FY2020: $173.9MTTEK FY2021: $232.8MTTEK FY2022: $263.1MTTEK FY2023: $273.4MTTEK FY2024: $333.4MTTEK FY2025: $247.7MVSEC FY2018: $35.1MVSEC FY2019: $37MVSEC FY2020: -$5.2MVSEC FY2021: $8MVSEC FY2022: $28.1MVSEC FY2023: $39.1MVSEC FY2024: $15.3MVSEC FY2025: $11.7MFY18FY19FY20FY21FY22FY23FY24FY25
TTEK $247.7MVSEC $11.7M
Net margin
TTEK FY2018: 4.6%TTEK FY2019: 5.1%TTEK FY2020: 5.8%TTEK FY2021: 7.2%TTEK FY2022: 7.5%TTEK FY2023: 6.0%TTEK FY2024: 6.4%TTEK FY2025: 4.6%VSEC FY2018: 5.0%VSEC FY2019: 4.9%VSEC FY2020: -0.8%VSEC FY2021: 1.7%VSEC FY2022: 4.2%VSEC FY2023: 7.2%VSEC FY2024: 1.9%VSEC FY2025: 1.1%FY18FY19FY20FY21FY22FY23FY24FY25
TTEK 4.6%VSEC 1.1%
Revenue growth
TTEK FY2019: +4.8%TTEK FY2020: -3.6%TTEK FY2021: +7.3%TTEK FY2022: +9.0%TTEK FY2023: +29.1%TTEK FY2024: +15.0%TTEK FY2025: +4.7%VSEC FY2019: +7.9%VSEC FY2020: -12.1%VSEC FY2021: -27.2%VSEC FY2022: +39.1%VSEC FY2023: -18.7%VSEC FY2024: +44.5%VSEC FY2025: +41.5%FY19FY20FY21FY22FY23FY24FY25
TTEK +4.7%VSEC +41.5%
Free cash flow
TTEK FY2018: $176MTTEK FY2019: $192.3MTTEK FY2020: $250.2MTTEK FY2021: $295.8MTTEK FY2022: $325.6MTTEK FY2023: $341.6MTTEK FY2024: $340.6MTTEK FY2025: $439.1MVSEC FY2018: $15.7MVSEC FY2019: $8.4MVSEC FY2020: $31.3MVSEC FY2021: -$28.1MVSEC FY2022: -$3.2MVSEC FY2023: -$40.5MVSEC FY2024: -$51.7MVSEC FY2025: $5.7MFY18FY19FY20FY21FY22FY23FY24FY25
TTEK $439.1MVSEC $5.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Tetra Tech and Vse

Which is bigger by revenue, Tetra Tech or Vse?

Tetra Tech is bigger by revenue: $5.4B in fiscal 2025, against $1.1B for Vse in fiscal 2025.

Which keeps more of its revenue as profit, Tetra Tech or Vse?

Tetra Tech had a net margin of 4.6% in fiscal 2025; Vse had 1.1% in fiscal 2025.

Which grew revenue faster, Tetra Tech or Vse?

In their latest fiscal years revenue changed by +4.7% at Tetra Tech and +41.5% at Vse.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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