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TTEKTetra Tech, Inc.
$30.93$8.1B
Overview & Verdict
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TTEK logoTetra Tech, Inc.(TTEK)Earnings, Financials & Key Ratios

TTEK•NASDAQ
$30.93
33.3× P/E·Price updated Jul 7, 2026
SectorIndustrialsIndustryEngineering & ConstructionSub-IndustryEngineering and environmental consulting
AboutTetra Tech, Inc. provides consulting and engineering services worldwide. The company operates through two segments Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services. This segment serves federal, state, and local governments, and development agencies in water resources analysis and water management, environmental monitoring, data analytics, government consulting, waste management, and a range of civil infrastructure master planning and engineering design markets. The CIG segment provides early data collection and monitoring, data analysis and information management, feasibility studies and assessments, science and engineering applied research, engineering design, project management, and operations and maintenance services. This segment serves natural resources, energy, and utilities markets, as well as sustainable infrastructure master planning and engineering design markets. Tetra Tech, Inc. was founded in 1966 and is headquartered in Pasadena, California.Show more
  • Revenue$5.44B+4.7%
  • EBITDA$664M+15.7%
  • Net Income$248M-25.7%
  • EPS (Diluted)0.93-24.4%
  • Gross Margin17.66%+6.0%
  • EBITDA Margin12.21%+10.5%
  • Operating Margin11.14%+15.6%
  • Net Margin4.55%-29.0%
  • ROE13.72%-33.4%

TTEK Price & Volume

Tetra Tech, Inc. (TTEK) stock price & volume — 10-year historical chart

Loading chart...

Acquisition Driven Growth Masks Structural Margin Volatility

Investment Thesis • Updated 2026Q2

VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Adequate
Cash Flow:Mixed
Primary Risk:Federal budget dependency

Key Thesis Takeaways

  • Tetra Tech continues to pursue an aggressive inorganic growth strategy, evidenced by a $216.6M net acquisition outflow in 2026Q2, which complicates the company's underlying operational performance.
  • While the firm maintains a consistent presence in engineering and construction, investors should monitor the persistent margin compression, with gross margins falling from 21.8% in 2025Q3 to 17.5% in 2026Q2.
  • The reliance on debt to fund expansion, coupled with a high goodwill concentration of $2.2B, suggests that long-term value creation remains sensitive to the successful integration of acquired assets.

Verdict Logic

while the company maintains a forward P/E of 18.93, the inconsistent cash flow conversion and recent margin compression to 10.8% operating margin in 2026Q2 warrant a cautious approach.

TTEK Growth Metrics

Tetra Tech, Inc. (TTEK) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years9%
5 Years18.3%
3 Years24.28%
TTM7.88%

Profit CAGR

10 Years20.28%
5 Years7.34%
3 Years-1.99%
TTM134.15%

EPS CAGR

10 Years21.75%
5 Years8.1%
3 Years-1.39%
TTM141.02%

Return on Capital

10 Years16.09%
5 Years18.36%
3 Years18.38%
Last Year20.63%

TTEK Recent Earnings

Tetra Tech, Inc. (TTEK) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 12/12 qtrs (100%)
Q2 2026Latest
Apr 29, 2026
Metric
Actual
Est
EPS
$0.34+9.7%
$0.31
Rev
$1.0B+4.7%
$1.0B
Q1 2026
Jan 28, 2026
Metric
Actual
Est
EPS
$0.35+12.9%
$0.31
Rev
$1.0B+6.3%
$976M
Q4 2025
Nov 12, 2025
Metric
Actual
Est
EPS
$0.45+11.6%
$0.40
Rev
$1.3B+25.0%
$1.1B
Q3 2025
Jul 30, 2025
Metric
Actual
Est
EPS
$0.43+16.2%
$0.37
Rev
$1.4B+28.0%
$1.1B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 29, 2026
$0.34vs $0.31+9.7%
$1.0Bvs $1.0B+4.7%
Q1 2026Jan 28, 2026
$0.35vs $0.31+12.9%
$1.0Bvs $976M+6.3%
Q4 2025Nov 12, 2025
$0.45vs $0.40+11.6%
$1.3Bvs $1.1B+25.0%
Q3 2025Jul 30, 2025
$0.43vs $0.37+16.2%
$1.4Bvs $1.1B+28.0%
Based on last 12 quarters of dataView full earnings history →

Latest TTEK News

Recent stock market news and headlines for Tetra Tech, Inc. (TTEK)

Business Wire·19h ago
Tetra Tech Selected for $15 Million Multiple-Award City of Los Angeles Environmental and Digital Automation Contract

PASADENA, Calif.--(BUSINESS WIRE)-- #ladwp--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that the Los Angeles Department of Water and Power (LADWP) has selected Tetra Tech for a 5-year, $15 million, multiple-award contract to provide high-end engineering design and technical services for the Owens Lake Dust Mitigation Program, the largest dust mitigation and control program in the.

Business Wire·Jun 25, 2026
Tetra Tech Selected for $49 Million Multiple-Award U.S. Army Corps of Engineers Contract

PASADENA, Calif.--(BUSINESS WIRE)-- #USACE--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that the U.S. Army Corps of Engineers (USACE) Mobile District has selected the Company for a $49 million multiple-award contract to provide architect-engineer (A-E) design and technical services for inland and coastal navigation and water resources infrastructure projects. Under this 5-year c.

Zacks Investment Research·Jun 24, 2026
TTEK Clinches Single-Award Contract From Encina Wastewater Authority

Tetra Tech wins EWA contract to deliver digital automation and operational technology solutions for a California wastewater project.

Business Wire·Jun 23, 2026
Tetra Tech Awarded Digital Systems Integration Contract for Wastewater Authority in California

PASADENA, Calif.--(BUSINESS WIRE)-- #digitalautomation--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that California's Encina Wastewater Authority (EWA) has selected Tetra Tech for a single-award contract to deliver digital automation and operational technology (OT) network solutions for the Cogeneration Low-Emission Augmentation and Retrofit (CLEAR) project.Tetra Tech Digital Systems special.

Zacks Investment Research·Jun 17, 2026
Tetra Tech Wins Four-Year Scotland Excel Consultancy Framework

Tetra Tech secures all nine lots in Scotland Excel's four-year framework, expanding infrastructure and environmental project support.

Peers Comparison

Key metrics vs top competitors for Tetra Tech, Inc. (TTEK)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
TTEK logoTTEKTetra Tech, Inc.Current
$30.93$8.07B33.264.69%4.55%13.72%0.79%
ACM logoACMAecom
$67.64$8.69B16.070.21%3.16%19.61%—
EXPO logoEXPOExponent, Inc.
$62.07$3.01B29.994.21%18.07%27.94%—
PRIM logoPRIMPrimoris Services Corporation
$86.97$4.72B17.3218.97%3.31%15.21%—
WLDN logoWLDNWilldan Group, Inc.
$76.89$1.16B22.0320.46%8.24%19.38%—
PWR logoPWRQuanta Services, Inc.
$656.79$98.56B96.5919.76%3.72%12.96%—

Compare TTEK vs Peers

Tetra Tech, Inc. (TTEK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ACM

Most directly comparable listed peer for TTEK.

Scale Benchmark

vs PWR

Larger-name benchmark to compare TTEK against a more recognizable public peer.

Peer Set

Compare Top 5

vs ACM, EXPO, PRIM, WLDN

TTEK SEC Filings & Documents

Tetra Tech, Inc. (TTEK) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 29, 2026·SEC

Material company update

Mar 26, 2026·SEC

Material company update

Feb 20, 2026·SEC

10-K Annual Reports

3
FY 2025

Nov 20, 2025·SEC

FY 2024

Nov 19, 2024·SEC

FY 2023

Nov 22, 2023·SEC

10-Q Quarterly Reports

6
FY 2026

May 1, 2026·SEC

FY 2026

Jan 30, 2026·SEC

FY 2025

Aug 1, 2025·SEC

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TTEK Frequently Asked Questions

Tetra Tech, Inc. (TTEK) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Tetra Tech, Inc.'s revenue?

Tetra Tech, Inc. (TTEK) reported $4.91B in revenue for fiscal year 2025. This represents a 2133% increase from $220.1M in 1996.

How fast is Tetra Tech, Inc. growing?

Tetra Tech, Inc. (TTEK) grew revenue by 4.7% over the past year. Growth has been modest.

Is TTEK profitable?

Yes, Tetra Tech, Inc. (TTEK) is profitable, generating $440.4M in net income for fiscal year 2025 (4.6% net margin).

Dividend & Returns
Does TTEK pay dividends?

Yes, Tetra Tech, Inc. (TTEK) pays a dividend with a yield of 0.79%. This makes it attractive for income-focused investors.

What is TTEK's return on equity?

Tetra Tech, Inc. (TTEK) has a return on equity (ROE) of 13.7%. This is reasonable for most industries.

What is Tetra Tech, Inc.'s free cash flow?

Tetra Tech, Inc. (TTEK) generated $668.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in TTEK back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →