Tetra Tech, Inc. TTEK

33.91 0.27 0.80% as of 25 Sep
Market cap
$8.6B
P/E
20.3×
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.05
Total sells 0.40
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — 1 — — — —
Sell — — — — 1 — — — — — — —
Insider Ownership 1.33%

Capital & Financial Ratios

Market Cap 8,610.00
Revenue 5,069.48
Net Income 436.70
Free Cash Flow 548.25
Net Debt 570.22
Current Ratio 1.18
Debt/Equity 0.43
P/E ratio 20.31
P/S ratio 1.73
P/B ratio 4.73
Past 5Y EPS Growth 16.83%
This Y EPS Growth 1.09%
Next Y EPS Growth 10.19%
Next 5Y EPS Growth 6.42%
in millions of $

Dividends

Payout Ratio 0.17
Annual Dividend Rate 1.04
Annual Dividend Yield 0.63%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.21
0.07
0.07
0.07
2025 0.25
0.06
0.07
0.07
0.07
2024 0.23
0.05
0.06
0.06
0.06
2023 0.20
0.05
0.05
0.05
0.05
2022 0.18
0.04
0.05
0.05
0.05
2021 0.15
0.03
0.04
0.04
0.04
2020 0.13
0.03
0.03
0.03
0.03
2019 0.11
0.02
0.03
0.03
0.03
2018 0.09
0.02
0.02
0.02
0.02
2017 0.08
0.02
0.02
0.02
0.02
2016 0.07
0.02
0.02
0.02
0.02
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 169 233 167 231
Receivables 984 1,073 1,174 1,076
Inventory — — — —
Other 114 130 196 153
1,356 1,527 1,621 1,580
2023 2024 2025 Q'26
Payables 173 197 205 221
ST’ Debt 65 — — —
Other 667 627 758 722
1,208 1,220 1,379 1,334
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 9.00% 12.69% 15.81%
Cash Flow 10.89% 11.76% 10.83%
Earnings 20.28% 7.34% (1.99%)
Book Value 7.59% 11.41% 14.59%

Revenue

Dec Mar Jun Sep Year
’26 1,211 1,220 1,309 — —
’25 1,421 1,322 1,370 1,330 5,443
’24 1,228 1,252 1,344 1,374 5,199
’23 895 1,158 1,209 1,261 4,523
’22 859 853 890 903 3,504
’21 765 755 802 892 3,214
’20 798 734 710 753 2,995
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Dec Mar Jun Sep Year
’26 72 165 229 — —
’25 13 (6) 350 101 458
’24 9 103 141 106 359
’23 25 88 133 122 368
’22 82 95 98 60 336
’21 33 124 69 78 304
’20 (18) 101 111 68 262
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Dec Mar Jun Sep Year
’26 68 159 225 — —
’25 10 (11) 346 96 440
’24 6 99 138 99 341
’23 20 83 126 113 342
’22 84 91 96 58 330
’21 31 122 67 76 296
’20 (21) 105 119 66 268
in millions of $ · fiscal quarters ending in the months shown

EPS

Dec Mar Jun Sep Year
’26 0.40 0.36 0.42 — —
’25 0.00 0.02 0.43 0.48 0.93
’24 0.28 0.28 0.32 0.35 1.23
’23 0.44 0.16 0.22 0.20 1.02
’22 0.25 0.20 0.22 0.31 0.97
’21 0.19 0.17 0.19 0.30 0.85
’20 0.17 0.13 0.17 0.16 0.63
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.9
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
4.57 7.77 8.93 9.70 12.72 22.63 23.71 26.24 31.61 27.27

Analyst estimates 2026–2028

Powerpack
Low Price
8.86 10.18 14.51 18.07 25.44 38.58 35.29 34.65 51.20 42.98
High Price
16,000 16,000 17,000 20,000 20,000 21,000 21,000 27,000 30,000 25,000
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
2,583 2,753 2,964 3,107 2,995 3,214 3,504 4,523 5,199 5,443
Revenue
12.78% 12.84% 12.97% 13.14% 14.91% 15.51% 16.43% 16.03% 16.67% 17.66%
Gross Margin
124 172 175 175 228 267 349 401 463 378
EBT
4.82% 6.24% 5.89% 5.64% 7.61% 8.30% 9.95% 8.87% 8.92% 6.94%
EBT Margin
84 118 137 159 174 233 263 273 333 248
Net Income
46 59 58 54 60 47 53 90 105 185
Depreciation
8.88 9.68 10.65 11.30 11.04 11.88 13.07 17.00 19.44 20.56
Revenue/Sh
0.29 0.41 0.49 0.58 0.64 0.86 0.98 1.03 1.25 0.94
Earnings/Sh
0.49 0.50 0.67 0.76 0.97 1.13 1.25 1.39 1.34 1.73
Cash Flow/Sh
(0.03) (0.03) (0.03) (0.06) 0.02 (0.03) (0.02) (0.10) (0.07) (0.07)
Capex/Sh
0.46 0.47 0.63 0.70 0.99 1.10 1.23 1.29 1.28 1.66
Free CF/Sh
2.99 3.26 3.47 3.60 3.83 4.56 4.41 5.28 6.85 6.72
Book Value/Sh
291 285 278 275 271 270 268 266 267 265
Shares
24.79 22.89 27.80 30.12 29.75 34.65 26.13 29.58 37.79 35.40
PE Ratio
0.80 0.97 1.28 1.54 1.73 2.51 1.97 1.78 2.43 1.62
PS Ratio
2.37 2.89 3.92 4.82 4.99 6.54 5.83 5.74 6.89 4.96
PB Ratio
0.87 1.04 1.32 1.59 1.77 2.53 1.99 1.95 2.55 1.78
EV/Sales
16.89 21.50 22.28 25.53 19.83 27.41 21.14 25.81 38.83 22.01
EV/FCF
142 141 186 209 262 304 336 368 359 458
Op' Cash Flow
(9) (9) (10) (16) 5 (8) (7) (26) (17) (18)
Capex
133 133 176 193 268 296 330 342 341 440
FCF
454 504 432 310 206 217 242 148 308 242
Working Cap'
347 357 277 276 292 213 259 945 813 763
Total Debt
187 167 131 156 134 46 74 776 580 596
Net Debt
869 929 967 989 1,037 1,234 1,183 1,404 1,830 1,780
Sh' Equity
4.99% 6.37% 7.09% 7.73% 7.68% 9.40% 10.12% 8.49% 8.32% 5.85%
ROA
8.04% 10.46% 10.82% 10.30% 12.86% 13.61% 16.93% 10.27% 12.98% 10.74%
ROIC
9.71% 13.11% 14.44% 16.22% 17.16% 20.50% 21.77% 21.14% 20.62% 13.72%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Tetra Tech, Inc. peers in Engineering & Construction

Company Market cap P/E Compare
DY Dycom Industries, Inc. $8.2B 24.4× Compare
ACM AECOM $7.7B 27.6× Compare
ACA Arcosa, Inc. $7.2B 14.7× Compare
FLR Fluor Corporation $6.9B 0.0× Compare
Company Market cap P/E Compare
ECG Everus Construction Group, Inc. $6.1B 23.5× Compare
IESC IES Holdings, Inc. $12.8B 28.4× Compare
LGN Legence Corp. $5.7B 0.0× Compare
AGX Argan, Inc. $5.1B 28.3× Compare

All 51 Engineering & Construction stocks →

Tetra Tech, Inc. (TTEK) key facts

  • Tetra Tech, Inc. (TTEK) is an Engineering & Construction company in the Industrials sector, listed on Nasdaq.
  • Tetra Tech, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $5.4 billion, up 4.69% from fiscal 2024.
  • Net income was $247.9 million, or $0.94 per share (basic), a net margin of 4.55%.
  • As of September 25, 2026, TTEK traded at $33.91, a market capitalization of $8.6 billion.
  • At that price the stock trades at 20.3× trailing-twelve-month earnings and 1.7× sales.
  • Tetra Tech, Inc. pays an annual dividend of $1.04 per share, a yield of 0.63%, with a payout ratio of 16.8%.
  • Return on equity was 13.7% and debt-to-equity 0.43.

Source: company filings (standardised) and stockrow calculations.

Tetra Tech, Inc. (TTEK) Latest News

News by impact score

Fine-tune

23 Sep

3

CECO Environmental's Industrial Process Solutions (IPS) segment showed solid momentum in Q2 2026, with IPS revenue up 8.4% YoY to $61.7 million (21.6% of quarterly revenue) and IPS orders at $90.3 million, up 81% YoY (157% organic). CECO's scrubber tech demand remains strong in semiconductor and international markets, feeding a backlog of $1.82 billion, up 129% from 2025-end. The backlog is well diversified, supporting cash flow as CECO expands in power, gas infrastructure, industrial and semiconductor activity. CECO raised the lower end of its 2026 revenue outlook to $1.300-$1.375 billion, with adjusted EBITDA of $200-$225 million and free cash flow conversion at least 55% of adjusted EBITDA. TTEK is cited as a peer benefiting from ongoing water, environmental and defense program investments. Tetra Tech is identified as a peer benefiting from water/environmental and defense programs.

21 Sep

3

RBC maintains Tetra Tech's outlook as intact after European investor meetings, signaling no change to the growth path. Focus remains on Water, Environmental Services and Clean Energy as the key segments expected to drive performance; no new guidance or earnings figures are provided, but the reaffirmed outlook suggests positive sentiment from European investors. Outlook reaffirmation offers moderate sentiment support without new numbers or strategic shifts.

14 Sep

3

Tetra Tech's board approved an additional share buyback program. Share buybacks can support stock price and signal management confidence but rarely shift long-term fundamentals or competitive position.

10 Sep

3

Tetra Tech increases its share repurchase program by $500 million. Expanded buyback program supports share price and signals capital return focus without altering core operations.

7 Sep

3

Tetra Tech navigates growth amid uncertainty in infrastructure investments that may affect project pipelines and revenue stability. Infrastructure spending uncertainty can moderately influence Tetra Tech contract flow and investor sentiment without immediate transformative effects.

4 Sep

3

Tetra Tech lands EPA contract after stock rally, raising questions on whether shares are fully valued. EPA contract win delivers moderate revenue upside for Tetra Tech but follows prior rally and invites valuation scrutiny.

3 Sep

4

Tetra Tech won an EPA contract, indicating its stock could be undervalued by 24%. EPA contract win signals major revenue potential and upward revaluation for Tetra Tech.

24 Aug

3

Greenland Mines has released the first S-K 1300 Mineral Resource Estimate for Sarfartoq in Greenland, delivering the initial indicated resource and first combined open pit/underground estimate for the Nd-Pr magnet rare earths project. Landmark resource estimate advances development of critical rare earths project with potential operational benefits.

20 Aug

3

Tetra Tech wins $49M NOAA contract for geospatial and engineering services. Contract adds revenue but remains modest relative to overall operations and trajectory.

8 Aug

4

Tetra Tech raised its 2026 guidance and reported a record backlog, raising questions on whether the stock remains undervalued. Raised 2026 guidance and record backlog signal strong growth and positive market positioning for Tetra Tech.

7 Aug

3 transcript

Tetra Tech (TTEK) released its Q3 2026 earnings call transcript covering financial results, operational performance, and forward guidance. Q3 earnings details and guidance provide financial updates that moderately affect valuation and investor sentiment.

31 Jul

4

Tetra Tech reports Q2 results with rising water infrastructure demand driving backlog growth and supporting a positive company outlook. Water infrastructure demand and backlog expansion signal major revenue growth and strengthened competitive position ahead.

30 Jul

4 transcript

Tetra Tech reported record cash flow and backlog growth during its Q3 2026 earnings call. Record cash flow and backlog growth point to strong operational results that can materially lift future performance and investor sentiment.

4

Tetra Tech, Inc. released its Q3 2026 earnings call summary covering financial performance, operational updates, and forward guidance. Earnings results and guidance directly shape near-term valuation and investor positioning for TTEK.

3 transcript

Tetra Tech reported Q3 results during its earnings call, noting revenue growth, backlog expansion in water and infrastructure projects, and reaffirmed full-year guidance amid steady demand. Q3 earnings update and guidance offer moderate financial details likely to influence near-term investor sentiment without major strategic shifts.

3

Tetra Tech reported Q3 earnings that beat estimates, driven by growth in core markets. Q3 earnings beat on core market growth signals improved financial performance with moderate positive effect on near-term results and sentiment.

29 Jul

4

Tetra Tech beats expectations with strong Q2 CY2026 results. Earnings beat signals robust performance likely to lift valuation and sentiment.

4

Tetra Tech, Inc. (TTEK) reported strong third quarter 2026 results. Strong quarterly results signal improved financial health and positive effects on future performance and investor sentiment.

28 Jul

3

Tetra Tech (TTEK) prepares to report Q2 earnings with analyst focus on revenue, EPS, and backlog growth in water, environment, and infrastructure projects. Q2 earnings release and related metrics can shift near-term stock price and investor views on operations.

23 Jul

3

Tetra Tech wins EPA water contract while analysts question if 24% stock upside remains achievable. EPA contract win offers revenue and sentiment lift but does not fundamentally shift long-term trajectory or competitive position.

22 Jul

4

Tetra Tech wins major PFAS and EPA contracts that may strengthen its investment case and future performance. Major PFAS and EPA contract wins signal significant strategic growth for Tetra Tech.

21 Jul

4

Tetra Tech selected to design largest dedicated PFAS water treatment facility in the United States. Major contract win for largest PFAS facility strengthens revenue pipeline and market position.

19 Jun

4

Tetra Tech gains relevance as data centers encounter water and permitting constraints that favor its services. Data center water and permitting constraints directly boost Tetra Tech demand and growth outlook.

11 Jun

3

Tetra Tech reported Q1 earnings, triggering analysis of whether the stock merits a buy, sell or hold decision based on financial results and outlook. Q1 earnings release supplies fresh financial data that can shift near-term TTEK valuation and sentiment.

10 Jun

3

Tetra Tech secured a contract for Columbia River dam upgrades. Contract adds project revenue with moderate but non-transformative effect on overall performance.

9 Jun

3

Tetra Tech selected as lead designer for hydropower dam modernization contract. Contract win adds to Tetra Tech infrastructure backlog and supports near-term revenue visibility.

6 May

4

Tetra Tech, Inc. beat earnings expectations. Analysts predict continued strong performance amid positive outlook. Earnings beat and analyst forecasts signal major positive shift in financial trajectory and investor sentiment.

4 May

3

Wall Street analysts forecast a 30.5% rally for Tetra Tech (TTEK) stock, citing strong upside potential and providing specific trading strategies. Analysts' 30.5% upside prediction for TTEK could moderately influence investor sentiment and short-term stock performance.

2 May

4

Tetra Tech (TTEK) Q1 results show margin expansion and backlog growth, signaling resilient demand. Margin expansion and backlog growth indicate strong profitability and secured future revenue for TTEK.

1 May

4

Tetra Tech (TTEK) beat Q2 earnings expectations, raised its dividend, and announced share buybacks, triggering a valuation reassessment amid strong performance. Strong Q2 earnings beat, dividend hike, and buybacks represent major financial signals boosting valuation, investor sentiment, and market trajectory.

stockrow.com/TTEK · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com