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泰瑞达（TER）与TETRA TECH INC（TTEK）财务数据对比。点击上方公司名可切换其他公司
TETRA TECH INC的季度营收约是泰瑞达的1.1倍（$1.2B vs $1.1B），泰瑞达净利率更高（23.7% vs 8.7%，领先15.1%），泰瑞达同比增速更快（43.9% vs -14.8%），泰瑞达自由现金流更多（$218.8M vs $68.1M），过去两年泰瑞达的营收复合增速更高（34.4% vs -1.6%）
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
Tetra Tech Inc.是总部位于美国加利福尼亚州帕萨迪纳的咨询与工程服务企业，业务覆盖水资源、生态环境、基础设施、资源管理、能源、国际发展等领域，可提供专业咨询、工程设计、项目管理、施工管理等多元化专业服务。
TER vs TTEK — 直观对比
营收规模更大
TTEK
是对方的1.1倍
$1.1B
营收增速更快
TER
高出58.7%
-14.8%
净利率更高
TER
高出15.1%
8.7%
自由现金流更多
TER
多$150.6M
$68.1M
两年增速更快
TER
近两年复合增速
-1.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $257.2M | $105.2M |
| 毛利率 | 57.2% | 18.2% |
| 营业利润率 | 27.1% | 11.6% |
| 净利率 | 23.7% | 8.7% |
| 营收同比 | 43.9% | -14.8% |
| 净利润同比 | 75.9% | 13424.7% |
| 每股收益（稀释后） | $1.62 | $0.40 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收TERTTEK
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $769.2M | $1.3B | ||
| Q2 25 | $651.8M | $1.4B | ||
| Q1 25 | $685.7M | $1.3B | ||
| Q4 24 | $752.9M | $1.4B | ||
| Q3 24 | $737.3M | $1.4B | ||
| Q2 24 | $729.9M | $1.3B | ||
| Q1 24 | $599.8M | $1.3B |
净利润TERTTEK
| Q4 25 | $257.2M | $105.2M | ||
| Q3 25 | $119.6M | $127.9M | ||
| Q2 25 | $78.4M | $113.8M | ||
| Q1 25 | $98.9M | $5.4M | ||
| Q4 24 | $146.3M | $778.0K | ||
| Q3 24 | $145.6M | $96.2M | ||
| Q2 24 | $186.3M | $85.8M | ||
| Q1 24 | $64.2M | $76.4M |
毛利率TERTTEK
| Q4 25 | 57.2% | 18.2% | ||
| Q3 25 | 58.4% | 20.6% | ||
| Q2 25 | 57.2% | 18.4% | ||
| Q1 25 | 60.6% | 16.2% | ||
| Q4 24 | 59.4% | 15.6% | ||
| Q3 24 | 59.2% | 17.8% | ||
| Q2 24 | 58.3% | 16.6% | ||
| Q1 24 | 56.6% | 16.6% |
营业利润率TERTTEK
| Q4 25 | 27.1% | 11.6% | ||
| Q3 25 | 18.9% | 13.6% | ||
| Q2 25 | 13.9% | 12.0% | ||
| Q1 25 | 17.6% | 3.0% | ||
| Q4 24 | 20.4% | 1.6% | ||
| Q3 24 | 20.6% | 10.4% | ||
| Q2 24 | 28.8% | 9.6% | ||
| Q1 24 | 13.0% | 9.4% |
净利率TERTTEK
| Q4 25 | 23.7% | 8.7% | ||
| Q3 25 | 15.5% | 9.6% | ||
| Q2 25 | 12.0% | 8.3% | ||
| Q1 25 | 14.4% | 0.4% | ||
| Q4 24 | 19.4% | 0.1% | ||
| Q3 24 | 19.8% | 7.0% | ||
| Q2 24 | 25.5% | 6.4% | ||
| Q1 24 | 10.7% | 6.1% |
每股收益（稀释后）TERTTEK
| Q4 25 | $1.62 | $0.40 | ||
| Q3 25 | $0.75 | $0.48 | ||
| Q2 25 | $0.49 | $0.43 | ||
| Q1 25 | $0.61 | $0.02 | ||
| Q4 24 | $0.89 | $0.00 | ||
| Q3 24 | $0.89 | $-3.18 | ||
| Q2 24 | $1.14 | $1.59 | ||
| Q1 24 | $0.40 | $1.42 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $293.8M | $269.4M |
| 总债务越低越好 | — | $837.1M |
| 股东权益账面价值 | $2.8B | $1.8B |
| 总资产 | $4.2B | $4.3B |
| 负债/权益比越低杠杆越低 | — | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资TERTTEK
| Q4 25 | $293.8M | $269.4M | ||
| Q3 25 | $272.7M | $167.5M | ||
| Q2 25 | $339.3M | $242.8M | ||
| Q1 25 | $475.6M | $179.4M | ||
| Q4 24 | $553.4M | $248.1M | ||
| Q3 24 | $510.0M | $232.7M | ||
| Q2 24 | $421.9M | $212.3M | ||
| Q1 24 | $707.4M | $210.3M |
总债务TERTTEK
| Q4 25 | — | $837.1M | ||
| Q3 25 | — | $766.4M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $888.5M | ||
| Q3 24 | — | $812.6M | ||
| Q2 24 | — | $861.8M | ||
| Q1 24 | — | $951.0M |
股东权益TERTTEK
| Q4 25 | $2.8B | $1.8B | ||
| Q3 25 | $2.7B | $1.8B | ||
| Q2 25 | $2.8B | $1.7B | ||
| Q1 25 | $2.8B | $1.6B | ||
| Q4 24 | $2.8B | $1.7B | ||
| Q3 24 | $2.9B | $1.8B | ||
| Q2 24 | $2.7B | $1.7B | ||
| Q1 24 | $2.6B | $1.6B |
总资产TERTTEK
| Q4 25 | $4.2B | $4.3B | ||
| Q3 25 | $4.0B | $4.3B | ||
| Q2 25 | $3.8B | $4.4B | ||
| Q1 25 | $3.7B | $4.2B | ||
| Q4 24 | $3.7B | $4.2B | ||
| Q3 24 | $3.8B | $4.2B | ||
| Q2 24 | $3.6B | $4.1B | ||
| Q1 24 | $3.4B | $4.1B |
负债/权益比TERTTEK
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.64× | ||
| Q4 24 | — | 0.53× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.52× | ||
| Q1 24 | — | 0.60× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $281.6M | $72.3M |
| 自由现金流经营现金流 - 资本支出 | $218.8M | $68.1M |
| 自由现金流率自由现金流/营收 | 20.2% | 5.6% |
| 资本支出强度资本支出/营收 | 5.8% | 0.3% |
| 现金转化率经营现金流/净利润 | 1.09× | 0.69× |
| 过去12个月自由现金流最近4个季度 | $450.4M | $497.5M |
8季度趋势，按日历期对齐
经营现金流TERTTEK
| Q4 25 | $281.6M | $72.3M | ||
| Q3 25 | $49.0M | $100.8M | ||
| Q2 25 | $182.1M | $349.6M | ||
| Q1 25 | $161.6M | $-5.8M | ||
| Q4 24 | $282.6M | $13.1M | ||
| Q3 24 | $166.3M | $105.6M | ||
| Q2 24 | $216.1M | $140.9M | ||
| Q1 24 | $7.3M | $102.9M |
自由现金流TERTTEK
| Q4 25 | $218.8M | $68.1M | ||
| Q3 25 | $2.4M | $95.6M | ||
| Q2 25 | $131.7M | $345.6M | ||
| Q1 25 | $97.6M | $-11.8M | ||
| Q4 24 | $225.2M | $9.6M | ||
| Q3 24 | $114.4M | $98.8M | ||
| Q2 24 | $171.2M | $137.1M | ||
| Q1 24 | $-36.7M | $98.9M |
自由现金流率TERTTEK
| Q4 25 | 20.2% | 5.6% | ||
| Q3 25 | 0.3% | 7.2% | ||
| Q2 25 | 20.2% | 25.2% | ||
| Q1 25 | 14.2% | -0.9% | ||
| Q4 24 | 29.9% | 0.7% | ||
| Q3 24 | 15.5% | 7.2% | ||
| Q2 24 | 23.5% | 10.2% | ||
| Q1 24 | -6.1% | 7.9% |
资本支出强度TERTTEK
| Q4 25 | 5.8% | 0.3% | ||
| Q3 25 | 6.1% | 0.4% | ||
| Q2 25 | 7.7% | 0.3% | ||
| Q1 25 | 9.3% | 0.4% | ||
| Q4 24 | 7.6% | 0.2% | ||
| Q3 24 | 7.0% | 0.5% | ||
| Q2 24 | 6.1% | 0.3% | ||
| Q1 24 | 7.3% | 0.3% |
现金转化率TERTTEK
| Q4 25 | 1.09× | 0.69× | ||
| Q3 25 | 0.41× | 0.79× | ||
| Q2 25 | 2.32× | 3.07× | ||
| Q1 25 | 1.63× | -1.08× | ||
| Q4 24 | 1.93× | 16.79× | ||
| Q3 24 | 1.14× | 1.10× | ||
| Q2 24 | 1.16× | 1.64× | ||
| Q1 24 | 0.11× | 1.35× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
TER
| Soc | $646.5M | 60% |
| Memory | $206.5M | 19% |
| Transferred At Point In Time | $90.0M | 8% |
| Universal Robots | $89.4M | 8% |
| IST | $30.5M | 3% |
| Transferred Over Time | $20.5M | 2% |
TTEK
| Commercial International Services Group | $704.2M | 58% |
| Commercial | $225.4M | 19% |
| State And Local Government | $171.5M | 14% |
| Cost Plus | $95.1M | 8% |
| Related Party | $15.8M | 1% |
