Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
Our common stock is traded on the NASDAQ Global Select Market under the symbol TTEK. There were approximately 1,020 stockholders of record at September 28, 2025.
Stock-Based Compensation
For information regarding our stock-based compensation, see Note 12, "Stockholders' Equity and Stock Compensation Plans" of the "Notes to Consolidated Financial Statements" included in Item 8.
Performance Graph
The following graph shows a comparison of our cumulative total returns with those of the NASDAQ Market Index and the Standard & Poor's ("S&P") 1000 Index. At this time, we do not have a comparable p eer group due to the combination of our differentiated high-end consulting services and our end-markets. Thus, we have selected the S&P 1000 Index. The graph assumes that the value of an investment in our common stock and in each such index was $100 on September 27, 2020, and that all dividends have been reinvested. Dividends declared and paid in fiscal 2025 totaled $0.246 per share. We declared and paid dividends in the first and second quarters totaling $0.116 per share ($0.058 each quarter) on our common stock and paid dividends in the third and fourth quarters totaling $0.130 per share ($0.065 each quarter) on our common stock. We declared and paid dividends totaling $0.220, $0.196, $0.172 and $0.148 per share in fiscal 2024, 2023, 2022 and 2021, respectively. The comparison in the graph below is based on historical data and is not intended to forecast the possible future performa nce of our common stock.
ASSUMES $100 INVESTED ON SEPTEMBER 27, 2020
ASSUMES DIVIDEND REINVESTED
FISCAL YEAR ENDED SEPTEMBER 28, 2025
2020 2021 2022 2023 2024 2025
Tetra Tech, Inc. $ 100.00 $ 167.36 $ 142.49 $ 169.64 $ 260.35 $ 188.31
NASDAQ Market Index 100.00 134.39 98.30 123.97 171.20 213.87
S&P 1000 Index 100.00 153.93 126.58 144.12 182.04 192.10
The performance graph above and related text are being furnished solely to accompany this annual report on Form 10-K pursuant to Item 201(e) of Regulation S-K, and are not being filed for purposes of Section 18 of the Exchange Act, and are
31
not to be incorporated by reference into any of our filings with the SEC, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
Stock Repurchase Program
On May 5, 2025, our Board of Directors authorized an additional $500 million stock repurchase program in addition to the previous $400 million stock repurchase program authorized on October 5, 2021. In fiscal 2025, we repurchased and settled 7,304,697 shares with an average price of $34.22 per share for a total cost of $250.0 million in the open market. In fiscal 2024 and 2023, we did not repurchase any shares of our common stock. At fiscal 2025 year-end, we had a remaining balance of $597.8 million under our stock repurchase program.
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Dollar Value that May Yet be Purchased Under the Plans or Programs (in thousands)
September 30, 2024 - October 27, 2024 — $ — — $ 347,813
October 28, 2024 - November 24, 2024 80,973 40.75 80,973 344,513
November 25, 2024 - December 29, 2024 519,034 41.81 519,034 322,813
December 30, 2024 - January 26, 2025 153,591 41.02 153,591 316,513
January 27, 2025 - February 23, 2025 3,203,776 33.88 3,203,776 207,963
February 24, 2025 - March 30, 2025 1,208,341 29.08 1,208,341 172,828
March 31, 2025 - April 27, 2025 292,865 29.84 292,865 164,089
April 28, 2025 - May 25, 2025 262,477 33.30 262,477 655,349
May 26, 2025 - June 29, 2025 212,028 35.47 212,028 647,828
June 30, 2025 - July 27, 2025 203,819 37.09 203,819 640,269
July 28, 2025 - August 24, 2025 505,514 36.61 505,514 621,761
August 25, 2025 - September 28, 2025 662,279 36.14 662,279 597,828
Item 6. [Reserved]