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TTEKTetra Tech, Inc.
$40.29$10.5B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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TTEK logo

Tetra Tech, Inc.

TTEK
NASDAQ · Engineering & Construction
$40.29
At close - Nov 6, 4:00 PM EST - USD
Market Cap$10.46B
P/E24.0x
52W High$43.14
Volume2.66M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Accelerating Revenue Growth Masks Margin Compression Risk

Tetra Tech is executing well on federal and data center demand, with revenue growth accelerating to 13.5% YoY in 2026Q3 and free cash flow surging to $225.1M (17.2% margin). However, gross margin declined 200bps to 18.6% and EPS missed consensus by $0.05, suggesting potential structural cost pressures.

GrowthAccelerating
ProfitabilityStable
ValuationExpensive
TechnicalsStrong
Explore valuation models
MARKET ACTION

TTEK price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

+6% Peers

P/E is 6% above peer median

03

Market leadership

RS 87 · Leader

High momentum (Outperforming 87% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystConfirmed earnings · Nov 11
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth accelerated to 13.5% YoY in 2026Q3, but gross margin fell 200bps to 18.6% from 20.6% in 2025Q4, while operating margin rebounded to 12.1% from a 1.9% trough in 2025Q1.

Analyst Consensus-3.2% target
Hold(26 analysts)
10 Buy16 Hold0 Sell

The Bull Case

Upside Catalysts

EPS growth resilience

Even in a worst-case scenario, EPS is projected to grow 10–11% in 2026 due to proactive derisking and a shift to higher-margin work.

Water and environmental focus

Tetra Tech's exposure to water and environmental infrastructure, coupled with digital automation, is driving growth.

Margin improvement strategy

Management is shifting focus to higher-margin disaster response, federal, and state/local work, enhancing profitability.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
TTEK+20.35%
S&P 500 (^GSPC)+7.63%
1-Year Return
TTEK+27.04%
S&P 500 (^GSPC)+9.69%
3-Year Return
TTEK+34.79%
S&P 500 (^GSPC)+67.74%
5-Year Return
TTEK+16.29%
S&P 500 (^GSPC)+55.84%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
24.0x
Forward P/E
25.6x
EV/EBITDA20th %ile
17.1x
FCF YieldCash Flow
5.2%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
24.0x
35.1x
0th· Low
EV/EBITDA
17.1x
21.6x
20th· Low
Price/FCF
19.1x
23.9x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$13.22-67.2%
Base (Fair)$28.15-30.1%
Bull$42.82+6.3%
$13.22 Bear$28.15 Base$42.82 Bull
Current Market Price: $40.29
Trades at a 43.1% premium to Base DCF ($28.15)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$5.44B+4.7% YoY
Net income FY25
$248M-25.7% YoY
Free cash flow FY25
$439M+28.9% YoY
Operating margin FY25
11.1%+1.5 pts YoY
ROIC (FY25)17.4%
Avg ROIC 5Y15.6%
ROE (TTM)23.8%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate12/12 (100%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 29, 2026
$0.42+5.9%
vs $0.40
$1.1B+2.7%
vs $1.1B
Q2 2026
Apr 29, 2026
$0.34+9.7%
vs $0.31
$1.0B+4.7%
vs $1.0B
Q1 2026
Jan 28, 2026
$0.35+12.9%
vs $0.31
$1.0B+6.3%
vs $976M
Q4 2025
Nov 12, 2025
$0.45+11.6%
vs $0.40
$1.3B+25.0%
vs $1.1B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Business Wire·Oct 21, 2026
Tetra Tech Announces Planned Dates for Fourth Quarter and Fiscal 2026 Results and Conference Call

PASADENA, Calif.--(BUSINESS WIRE)-- #leadingwithscience--Tetra Tech, Inc. (NASDAQ: TTEK), a global provider of high-end technical and engineering services, Leading with Science® in water, environment and sustainable infrastructure, announced today the planned dates for its fourth quarter and fiscal 2026 results and conference call.On Wednesday, November 11, 2026, after market close, Tetra Tech intends to announce its fourth quarter and fiscal 2026 results. On Thursday, November 12, 2026, at 8:00 a.m. Pacific Time, Te.

Defense World·Oct 21, 2026
Louisbourg Investments Inc. Sells 48,394 Shares of Tetra Tech, Inc. $TTEK

Louisbourg Investments Inc. trimmed its position in shares of Tetra Tech, Inc. (NASDAQ: TTEK) by 32.9% during the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,867 shares of the industrial products company's stock after selling 48,394 shares during the quarter. Louisbourg

Zacks Investment Research·Sep 30, 2026
CECO vs. Tetra Tech: Which Industrial Stock Has Greater Upside?

Tetra Tech's water, environmental and defense strengths, cash flow and acquisitions are weighed against market challenges in this stock comparison.

Business Wire·Sep 29, 2026
Tetra Tech Appoints Group Presidents

PASADENA, Calif.--(BUSINESS WIRE)-- #environment--Tetra Tech, Inc. (NASDAQ: TTEK), a global provider of high-end technical and engineering services, Leading with Science® in water, environment and sustainable infrastructure, announced today the promotions of Lauren Springer to President of the Government Services Group and David Bohmann to President of the Commercial/International Group, our two reporting segments. “Lauren and David are exceptional leaders who combine deep technical expertise with a strong re.

Filtered for Tetra Tech, Inc.More Headlines
04

Compare before deciding

Benchmark TTEK against direct peers instead of judging its metrics in isolation.

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
$40.29$10.46B24.004.69%8.6%23.76%0.6%
ACM logoACMAecom
$66.74$8.58B29.790.21%1.87%11.5%1.5%
EXPO logoEXPOExponent, Inc.
$84.02$4.08B35.484.21%17.4%34.61%1.43%
PRIM logoPRIMPrimoris Services Corporation
$65.40$3.55B36.7418.97%1.36%5.9%0.48%
WLDN logoWLDNWilldan Group, Inc.
$66.22$1B16.2220.46%8.19%18.99%—
PWR logoPWRQuanta Services, Inc.
$540.90$81.17B48.7819.76%4.54%17.58%0.07%

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

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

TTEK SEC Filings & Documents

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

8-K Announcements

6
Material company update

Jul 29, 2026·SEC

Material company update

Apr 29, 2026·SEC

Material company update

Mar 26, 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

Jul 31, 2026·SEC

FY 2026

May 1, 2026·SEC

FY 2026

Jan 30, 2026·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 $5.07B in revenue over the trailing twelve months. Revenue was $5.44B in fiscal year 2025. That is 2373% more than the $220.1M of fiscal year 1996.

How fast is Tetra Tech, Inc. growing?

Tetra Tech, Inc. (TTEK) grew revenue by 10.2% over the trailing twelve months, compared with the twelve months before.

Is TTEK profitable?

Yes. Tetra Tech, Inc. (TTEK) earned $436.2M in net income over the trailing twelve months (a 8.6% net margin).

Dividend & Returns
Does TTEK pay dividends?

Yes. Tetra Tech, Inc. (TTEK) pays a dividend that yields 0.60% at the current price, a small yield.

What is TTEK's return on equity?

Tetra Tech, Inc. (TTEK) had a return on equity (ROE) of 23.8% over the trailing twelve months. That is well above the market's typical 10-15%.

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

Tetra Tech, Inc. (TTEK) generated $548.2M in free cash flow over the trailing twelve months.

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

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

See returns →