Sunday 18 October 2026 Export TTEK’s income statement to Excel — free account

Tetra Tech, Inc.

TTEK Industrials Engineering & Construction

Tetra Tech, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $5.4 billion, up 4.69% from fiscal 2024. In the quarter to June 2026, revenue fell 4.47%, EPS fell 2.33%, free cash flow fell 35.0% and total debt fell 7.12%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five; insiders bought in the last twelve months.

34.72 0.06 −0.17%

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Market cap: $8.9B
P/E: 20.8×
Fwd P/E: 17.9×
Dividend yield: 0.79%
F-score: 6/9
Altman Z: 4.38
Beneish M: −2.69
Dividend safety: 92/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.05

Total sells 0.40

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	1	—	—	—	—	—
Sell	—	—	—	1	—	—	—	—	—	—	—	—

Insider Ownership 1.33%

Capital & Financial Ratios $m

Market Cap 8,910.00

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 20.79

Fwd P/E 17.90

P/S ratio 1.77

P/B ratio 4.84

Past 5Y EPS Growth 8.03%

This Y EPS Growth 1.06%

Next Y EPS Growth 8.65%

Next Y revenue growth (20.04%)

Next 5Y EPS Growth 6.79%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 7.00%

10-year low 10-year high

P/S against its own 10 years 56.87%

10-year low 10-year high

P/B against its own 10 years 47.18%

10-year low 10-year high

EV/Sales against its own 10 years 57.50%

10-year low 10-year high

EV/FCF against its own 10 years 17.03%

10-year low 10-year high

Dividends

Payout Ratio 0.17

Annual Dividend Rate 0.27

Annual Dividend Yield 0.79%

	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 special payouts not included in total or ratios

Assets vs Liabilities $m

	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	—	—	—	—
Other	667	627	758	722
	1,208	1,220	1,379	1,334

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 $m

	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

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	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

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	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

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	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
	High	8.86	10.18	14.51	18.07	25.44	38.58	35.29	34.65	51.20	42.98
People
People	Employees	16,000	16,000	17,000	20,000	20,000	21,000	21,000	27,000	30,000	25,000
	Revenue/emp, $m	0.16	0.17	0.17	0.16	0.15	0.15	0.17	0.17	0.17	0.22
Income, $m
Income, $m	Revenue	2,583	2,753	2,964	3,107	2,995	3,214	3,504	4,523	5,199	5,443
	Gross margin, %	12.78	12.84	12.97	13.14	14.91	15.51	16.43	16.03	16.67	17.66
	EBT	124	172	175	175	228	267	349	401	463	378
	EBT margin, %	4.82	6.24	5.89	5.64	7.61	8.30	9.95	8.87	8.92	6.94
	Net income	84	118	137	159	174	233	263	273	333	248
	Depreciation	46	59	58	54	60	47	53	90	105	185
Per share, $
Per share, $	Revenue	8.88	9.68	10.65	11.30	11.04	11.88	13.07	17.00	19.44	20.56
	Earnings	0.29	0.41	0.49	0.58	0.64	0.86	0.98	1.03	1.25	0.94
	Cash flow	0.49	0.50	0.67	0.76	0.97	1.13	1.25	1.39	1.34	1.73
	Capex	(0.03)	(0.03)	(0.03)	(0.06)	0.02	(0.03)	(0.02)	(0.10)	(0.07)	(0.07)
	Free cash flow	0.46	0.47	0.63	0.70	0.99	1.10	1.23	1.29	1.28	1.66
	Book value	2.99	3.26	3.47	3.60	3.83	4.56	4.41	5.28	6.85	6.72
	Shares, m	291	285	278	275	271	270	268	266	267	265
Valuation, ×
Valuation, ×	P/E	24.79	22.89	27.80	30.12	29.75	34.65	26.13	29.58	37.79	35.40
	P/S	0.80	0.97	1.28	1.54	1.73	2.51	1.97	1.78	2.43	1.62
	P/B	2.37	2.89	3.92	4.82	4.99	6.54	5.83	5.74	6.89	4.96
	EV/Sales	0.87	1.04	1.32	1.59	1.77	2.53	1.99	1.95	2.55	1.78
	EV/FCF	16.89	21.50	22.28	25.53	19.83	27.41	21.14	25.81	38.83	22.01
Cash, $m
Cash, $m	Operating cash flow	142	141	186	209	262	304	336	368	359	458
	Capex	(9)	(9)	(10)	(16)	5	(8)	(7)	(26)	(17)	(18)
	Free cash flow	133	133	176	193	268	296	330	342	341	440
Balance, $m
Balance, $m	Working capital	454	504	432	310	206	217	242	148	308	242
	Total debt	347	357	277	276	292	213	259	880	813	763
	Net debt	187	167	131	156	134	46	74	711	580	596
	Shareholders’ equity	869	929	967	989	1,037	1,234	1,183	1,404	1,830	1,780
Returns, %
Returns, %	ROA	4.99	6.37	7.09	7.73	7.68	9.40	10.12	8.49	8.32	5.85
	ROIC	8.04	10.46	10.82	10.30	12.86	13.61	16.93	10.59	12.98	10.74
	ROE	9.71	13.11	14.44	16.22	17.16	20.50	21.77	21.14	20.62	13.72

Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MTZ MasTec, Inc.	$15.4B	30.1×	53.1×	+23.38% (above 0%: growing)	+51.82% (above 0%: growing)	−31.15% (below 0%: shrinking)	12.72%	5.17%	Compare
STRL Sterling Infrastructure, Inc.	$13.7B	30.1×	52.6×	+90.11% (above 0%: growing)	+118.03% (above 0%: growing)	+55.30% (above 0%: growing)	24.82%	18.77%	Compare
IESC IES Holdings, Inc.	$10.6B	22.1×	36.6×	+39.60% (above 0%: growing)	+98.70% (above 0%: growing)	−14.63% (below 0%: shrinking)	27.41%	14.37%	Compare
TTEK Tetra Tech, Inc.	$8.9B	20.8×	17.9×	−4.47% (below 0%: shrinking)	−2.33% (below 0%: shrinking)	−34.95% (below 0%: shrinking)	18.59%	12.07%
DY Dycom Industries, Inc.	$7.8B	22.8×	41.3×	+45.57% (above 0%: growing)	+13.95% (above 0%: growing)	+106.51% (above 0%: growing)	21.96%	9.57%	Compare
ACM AECOM	$7.6B	26.7×	15.5×	−14.18% (below 0%: shrinking)	n/m	−78.95% (below 0%: shrinking)	(0.95%)	(2.12%)	Compare
ACA Arcosa, Inc.	$7.2B	14.7×	28.6×	+1.73% (above 0%: growing)	+447.54% (above 0%: growing)	−193.75% (below 0%: shrinking)	23.64%	12.80%	Compare
FLR Fluor Corporation	$6.4B	— (loss-making)	13.5×	+8.82% (above 0%: growing)	−94.46% (below 0%: shrinking)	−825.71% (below 0%: shrinking)	4.13%	3.12%	Compare
ECG Everus Construction Group, Inc.	$5.7B	22.0×	—	+33.65% (above 0%: growing)	+57.69% (above 0%: growing)	+140.72% (above 0%: growing)	14.85%	9.08%	Compare
Median of peers	$7.7B	22.8×	36.6×	+28.52%	+57.69%	−22.89%	18.41%	9.33%

All 51 Engineering & Construction stocks →

Tetra Tech, Inc. (TTEK) key facts

Strength: Tetra Tech, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $5.4 billion, up 4.69% from fiscal 2024.
Tetra Tech, Inc. (TTEK) is an Engineering & Construction company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, TTEK traded at $34.72, a market capitalization of $8.9 billion.
Tetra Tech, Inc. pays an annual dividend of $0.27 per share, a yield of 0.79%, with a payout ratio of 16.5%.
Return on equity was 13.7% and debt-to-equity 0.43.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 4.38 (safe zone) for fiscal 2025.