Tetra Tech, Inc. (TTEK) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Engineering & Construction
EV/EBITDA
↓
11.97
↓-44% vs avg
5yr avg: 21.49
30Y Low6.0·High27.9
P/FCF
↓
16.25
↓-38% vs avg
5yr avg: 26.11
30Y Low5.0·High37.4
P/B Ratio
↓
4.11
↓-32% vs avg
5yr avg: 6.05
30Y Low1.1·High7.0
ROE
↓
13.7%
↑-30% vs avg
5yr avg: 19.5%
30Y Low-28%·High22%
Debt/EBITDA
↓
1.49
↓-14% vs avg
5yr avg: 1.72
30Y Low0.0·High2.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TTEK Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Tetra Tech, Inc. trades at 29.4x earnings, 11% below its 5-year average of 33.1x, sitting at the 63rd percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a premium of 15%. On a free-cash-flow basis, the stock trades at 16.3x P/FCF, 38% below the 5-year average of 26.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.1B | $8.9B | $12.7B | $8.2B | $7.0B | $8.2B | $5.3B | $4.9B | $3.9B | $2.7B | $2.1B |
| Enterprise Value | $8.0B | $9.7B | $13.5B | $9.1B | $7.2B | $8.5B | $5.7B | $5.0B | $4.0B | $2.9B | $2.3B |
| P/E Ratio → | 29.42 | 35.84 | 38.34 | 29.81 | 26.51 | 35.14 | 30.32 | 30.44 | 28.46 | 22.71 | 25.32 |
| P/S Ratio | 1.31 | 1.64 | 2.45 | 1.80 | 2.46 | 2.54 | 2.24 | 1.56 | 1.30 | 0.98 | 0.81 |
| P/B Ratio | 4.11 | 5.00 | 6.96 | 5.81 | 5.88 | 6.62 | 5.07 | 4.90 | 4.00 | 2.90 | 2.40 |
| P/FCF | 16.25 | 20.28 | 37.39 | 23.88 | 21.38 | 27.61 | 21.00 | 25.23 | 23.13 | 21.02 | 16.07 |
| P/OCF | 15.59 | 19.45 | 35.50 | 22.13 | 20.71 | 26.83 | 20.02 | 23.27 | 21.86 | 19.54 | 14.72 |
P/E links to full P/E history page with 30-year chart
TTEK EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Tetra Tech, Inc.'s enterprise value stands at 12.0x EBITDA, 44% below its 5-year average of 21.5x. The Industrials sector median is 13.8x, placing the stock at a 13% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.79 | 2.60 | 2.01 | 2.55 | 2.63 | 2.41 | 1.61 | 1.35 | 1.04 | 0.88 |
| EV / EBITDA | 11.97 | 14.63 | 23.53 | 21.64 | 19.70 | 27.94 | 21.27 | 23.01 | 17.54 | 12.50 | 12.55 |
| EV / EBIT | 13.13 | 16.04 | 26.61 | 20.02 | 21.25 | 30.23 | 23.20 | 26.29 | 20.87 | 15.55 | 16.64 |
| EV / FCF | — | 22.15 | 39.69 | 26.57 | 22.24 | 28.58 | 22.58 | 26.04 | 23.91 | 22.32 | 17.50 |
TTEK Profitability
Margins and return-on-capital ratios measuring operating efficiency
Tetra Tech, Inc. earns an operating margin of 11.1%, above the Industrials sector average of 4.3%. Operating margins have expanded from 7.9% to 11.1% over the past 3 years, signaling improving operational efficiency. ROE of 13.7% is modest. ROIC of 17.4% represents solid returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.7% | 17.7% | 16.7% | 16.0% | 20.3% | 15.5% | 19.0% | 13.1% | 13.0% | 12.8% | 12.8% |
| Operating Margin | 11.1% | 11.1% | 9.6% | 7.9% | 12.0% | 8.7% | 10.3% | 6.1% | 6.4% | 6.7% | 5.3% |
| Net Profit Margin | 4.6% | 4.6% | 6.4% | 6.0% | 9.3% | 7.2% | 7.4% | 5.1% | 4.6% | 4.3% | 3.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.7% | 13.7% | 20.6% | 21.1% | 21.8% | 20.5% | 17.2% | 16.2% | 14.4% | 13.1% | 9.7% |
| ROA | 5.8% | 5.8% | 8.3% | 8.5% | 10.1% | 9.4% | 7.7% | 7.7% | 7.1% | 6.4% | 5.0% |
| ROIC | 17.4% | 17.4% | 15.2% | 14.2% | 17.1% | 14.1% | 14.0% | 12.6% | 13.0% | 12.8% | 10.3% |
| ROCE | 20.6% | 20.6% | 17.9% | 16.6% | 19.8% | 16.8% | 16.2% | 13.9% | 14.1% | 13.7% | 11.2% |
TTEK Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Tetra Tech, Inc. carries a Debt/EBITDA ratio of 1.5x, which is manageable (54% below the sector average of 3.2x). Net debt stands at $820M ($987M total debt minus $167M cash). Interest coverage of 14.9x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.55 | 0.55 | 0.56 | 0.78 | 0.39 | 0.37 | 0.53 | 0.28 | 0.29 | 0.38 | 0.40 |
| Debt / EBITDA | 1.49 | 1.49 | 1.77 | 2.60 | 1.26 | 1.50 | 2.08 | 1.27 | 1.22 | 1.56 | 1.91 |
| Net Debt / Equity | — | 0.46 | 0.43 | 0.66 | 0.23 | 0.23 | 0.38 | 0.16 | 0.14 | 0.18 | 0.21 |
| Net Debt / EBITDA | 1.23 | 1.23 | 1.36 | 2.19 | 0.76 | 0.95 | 1.49 | 0.72 | 0.58 | 0.73 | 1.03 |
| Debt / FCF | — | 1.87 | 2.30 | 2.69 | 0.85 | 0.97 | 1.58 | 0.81 | 0.78 | 1.30 | 1.43 |
| Interest Coverage | 14.91 | 14.91 | 11.40 | 8.65 | 25.50 | 21.93 | 16.82 | 12.40 | 11.04 | 14.95 | 11.05 |
TTEK Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.18x means Tetra Tech, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.12x to 1.18x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.18 | 1.18 | 1.25 | 1.12 | 1.26 | 1.26 | 1.26 | 1.40 | 1.69 | 1.94 | 1.94 |
| Quick Ratio | 1.18 | 1.18 | 1.25 | 1.12 | 1.26 | 1.26 | 1.26 | 1.40 | 1.69 | 1.94 | 1.94 |
| Cash Ratio | 0.12 | 0.12 | 0.19 | 0.14 | 0.20 | 0.20 | 0.20 | 0.16 | 0.24 | 0.35 | 0.33 |
| Asset Turnover | — | 1.27 | 1.24 | 1.18 | 1.08 | 1.25 | 0.99 | 1.44 | 1.52 | 1.45 | 1.44 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 88.02 | 84.47 | 88.62 | 110.41 | 89.39 | 118.30 | 103.73 | 107.71 | 106.33 | 105.90 |
TTEK Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Tetra Tech, Inc. returns 4.4% to shareholders annually — split between a 0.9% dividend yield and 3.5% buyback yield. The payout ratio of 26.3% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.9% | 0.7% | 0.5% | 0.6% | 0.7% | 0.5% | 0.7% | 0.6% | 0.6% | 0.8% | 0.9% |
| Payout Ratio | 26.3% | 26.3% | 17.6% | 19.1% | 17.5% | 17.2% | 20.0% | 18.7% | 17.9% | 18.4% | 23.6% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.4% | 2.8% | 2.6% | 3.4% | 3.8% | 2.8% | 3.3% | 3.3% | 3.5% | 4.4% | 3.9% |
| FCF Yield | 6.2% | 4.9% | 2.7% | 4.2% | 4.7% | 3.6% | 4.8% | 4.0% | 4.3% | 4.8% | 6.2% |
| Buyback Yield | 3.5% | 2.8% | 0.0% | 0.0% | 2.9% | 0.7% | 2.2% | 2.1% | 1.9% | 3.7% | 4.8% |
| Total Shareholder Yield | 4.4% | 3.5% | 0.5% | 0.6% | 3.5% | 1.2% | 2.9% | 2.7% | 2.6% | 4.5% | 5.7% |
| Shares Outstanding | — | $267M | $270M | $268M | $271M | $273M | $275M | $280M | $283M | $290M | $295M |
Peer Comparison
Compare TTEK with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TTEKYou | $7B | 29.4 | 12.0 | 16.3 | 17.7% | 11.1% | 13.7% | 17.4% | 1.5 |
 ACM | $9B | 16.3 | 8.8 | 12.9 | 7.5% | 6.4% | 22.2% | 18.6% | 2.8 |
 EXPO | $3B | 27.5 | 20.5 | 22.9 | 25.0% | 20.6% | 26.1% | 36.3% | 0.6 |
 PRIM | $5B | 20.2 | 12.3 | 16.1 | 10.7% | 5.5% | 17.8% | 13.6% | 2.5 |
 WLDN | $1B | 25.5 | 21.5 | 19.0 | 37.5% | 6.5% | 19.5% | 11.5% | 1.1 |
 PWR | $105B | 103.3 | 42.8 | 65.0 | 13.0% | 5.8% | 12.6% | 11.8% | 0.5 |
 MTZ | $30B | 74.9 | 29.9 | 104.7 | 9.6% | 4.6% | 12.6% | 8.9% | 2.6 |
 STRL | $26B | 91.9 | 53.7 | 72.9 | 22.1% | 16.6% | 30.0% | 38.9% | 0.7 |
 GVA | $6B | 40.4 | 17.7 | 19.4 | 16.1% | 5.9% | 16.8% | 10.8% | 3.8 |
 MYRG | $7B | 61.2 | 31.1 | 30.9 | 11.5% | 4.4% | 18.8% | 18.3% | 0.5 |
 AWK | $24B | 21.9 | 14.5 | — | 43.3% | 36.6% | 10.5% | 5.5% | 5.7 |
| Industrials Median | — | 25.6 | 13.8 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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TTEK — Frequently Asked Questions
Quick answers to the most common questions about buying TTEK stock.
What is Tetra Tech, Inc.'s P/E ratio?
Tetra Tech, Inc.'s current P/E ratio is 29.4x. The historical average is 26.5x. This places it at the 63th percentile of its historical range.
What is Tetra Tech, Inc.'s EV/EBITDA?
Tetra Tech, Inc.'s current EV/EBITDA is 12.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.5x.
What is Tetra Tech, Inc.'s ROE?
Tetra Tech, Inc.'s return on equity (ROE) is 13.7%. The historical average is 10.8%.
Is TTEK stock overvalued?
Based on historical data, Tetra Tech, Inc. is trading at a P/E of 29.4x. This is at the 63th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Tetra Tech, Inc.'s dividend yield?
Tetra Tech, Inc.'s current dividend yield is 0.89% with a payout ratio of 26.3%.
What are Tetra Tech, Inc.'s profit margins?
Tetra Tech, Inc. has 17.7% gross margin and 11.1% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Tetra Tech, Inc. have?
Tetra Tech, Inc.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.