Industrials · Engineering & Construction
Price
$28.87
Market Cap
$7.5B
Employees
30,000
Beta
0.93
Avg Volume
3,516,835
CEO
Roger R. Argus
Business Description
Tetra Tech, Inc. operates as a global provider of specialized consulting and engineering services. The firm organizes its activities into two primary divisions: the Government Services Group (GSG) and the Commercial/International Services Group (CIG). The GSG division delivers a comprehensive suite of solutions, encompassing initial data collection and ongoing monitoring, advanced data analytics and information management, practical scientific and engineering research, intricate engineering design, thorough project management, and continuous operations and maintenance support. Furthermore, it offers expert consulting on climate change and energy efficiency, alongside services dedicated to the evaluation, certification, reduction, and overall management of greenhouse gas emissions. This segment primarily supports federal, state, and local governmental bodies, as well as various development agencies. Its areas of expertise include water resource analysis and management, environmental surveillance, data intelligence, public sector advisory, waste disposal solutions, and broad civil infrastructure master planning and engineering initiatives. Conversely, the CIG division provides a similar array of essential services, including early data acquisition and surveillance, data interpretation and information governance, viability studies and assessments, applied science and engineering investigations, engineering scheme development, project execution oversight, and operational sustainment. This segment's clientele spans the natural resources, energy, and utilities industries, in addition to markets focused on sustainable infrastructure master planning and engineering design. Established in 1966, Tetra Tech, Inc. maintains its corporate headquarters in Pasadena, California.
Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
30.71
Stock Price: $28.87
EPS (Diluted): 0.94
EPS (Diluted): 0.94
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
5.00
Stock Price: $28.87
Total Equity: $1.78B
Shares: 267,123,000
Total Equity: $1.78B
Shares: 267,123,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
20.40
Market Cap: $7.49B
Total Debt: $763.36M
Cash: $167.46M
EBITDA: $476.53M
Total Debt: $763.36M
Cash: $167.46M
EBITDA: $476.53M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$9.7B
Market Cap: $7.49B
Total Debt: $763.36M
Cash: $167.46M
Total Debt: $763.36M
Cash: $167.46M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
17.7%
Gross Profit: $961.34M
Revenue: $5.44B
Revenue: $5.44B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
11.1%
Operating Income: $606.11M
Revenue: $5.44B
Revenue: $5.44B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
4.6%
Net Income: $247.72M
Revenue: $5.44B
Revenue: $5.44B
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
13.9%
Net Income: $247.72M
Total Equity: $1.78B
Total Equity: $1.78B
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
16.8%
Operating Income: $606.11M
Tax Rate: 34.3%
Equity: $1.78B
Total Debt: $763.36M
Cash: $167.46M
Tax Rate: 34.3%
Equity: $1.78B
Total Debt: $763.36M
Cash: $167.46M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.18
Current Assets: $1.62B
Current Liabilities: $1.38B
Current Liabilities: $1.38B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.43
Short-Term Debt: $0.00
Long-Term Debt: $763.36M
Total Debt: $763.36M
Total Equity: $1.78B
Long-Term Debt: $763.36M
Total Debt: $763.36M
Total Equity: $1.78B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$20.37
Revenue: $5.44B
Shares: 267,123,000
Shares: 267,123,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$6.66
Total Equity: $1.78B
Shares: 267,123,000
Shares: 267,123,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$1.64
Operating CF: $457.69M
CapEx: -$18.63M
Shares: 267,123,000
CapEx: -$18.63M
Shares: 267,123,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.7%
Last Dividend: N/A
Stock Price: $28.87
Stock Price: $28.87
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $247.72M
Net Income: $247.72M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares TTEK against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 7:24pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $3.2B | $2.8B | $4.5B | $5.2B | $5.4B |
| Cost of Revenue | $2.7B | $2.3B | $3.8B | $4.3B | $4.5B |
| Gross Profit | $498.4M | $575.6M | $725.0M | $866.4M | $961.3M |
| Operating Expenses | $219.7M | $235.1M | $366.9M | $365.7M | $355.2M |
| Operating Income | $278.7M | $340.4M | $358.1M | $500.7M | $606.1M |
| Net Income | $232.8M | $263.1M | $273.4M | $333.4M | $247.7M |
| EBITDA | $303.4M | $367.8M | $514.6M | $581.7M | $476.5M |
| EPS | $0.86 | $0.98 | $1.03 | $1.25 | $0.94 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:24pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $166.6M | $185.1M | $168.8M | $232.7M | $167.5M |
| Total Current Assets | $1.1B | $1.2B | $1.4B | $1.5B | $1.6B |
| Total Assets | $2.6B | $2.6B | $3.8B | $4.2B | $4.3B |
| Current Liabilities | $848.5M | $916.0M | $1.2B | $1.2B | $1.4B |
| Long-Term Debt | $200.0M | $246.3M | $879.5M | $812.6M | $763.4M |
| Total Liabilities | $1.3B | $1.4B | $2.4B | $2.4B | $2.5B |
| Total Equity | $1.2B | $1.2B | $1.4B | $1.8B | $1.8B |
| Retained Earnings | $1.4B | $1.4B | $1.6B | $1.9B | $1.9B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:24pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $304.4M | $336.2M | $368.5M | $358.7M | $457.7M |
| Capital Expenditure | -$8.6M | -$10.6M | -$26.9M | -$18.1M | -$18.6M |
| Free Cash Flow | $295.8M | $325.6M | $341.6M | $340.6M | $439.1M |
| Acquisitions (net) | -$84.9M | -$49.1M | -$854.3M | -$93.7M | -$97.3M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$60.0M | -$200.0M | $0 | $0 | -$250.0M |
| Net Change in Cash | $9.1M | $18.5M | -$16.3M | $63.9M | -$64.3M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 11:04am (23h ago)| Metric | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Revenue |
$4.3B $4.3B – $4.3B
|
$4.5B $4.5B – $4.5B
|
$4.5B $4.4B – $4.5B
|
$4.9B $4.8B – $5.0B
|
| EBITDA |
$463.1M $459.8M – $467.4M
|
$484.9M $482.7M – $488.1M
|
$479.3M $473.8M – $486.3M
|
$526.8M $520.7M – $534.5M
|
| Net Income |
$416.6M $407.5M – $418.2M
|
$457.9M $455.3M – $460.6M
|
$507.3M $498.7M – $516.0M
|
$534.2M $526.2M – $544.4M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:24pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -11.8% | +59.5% | +15.0% | +4.7% |
| Gross Profit Growth | +15.5% | +26.0% | +19.5% | +11.0% |
| Operating Income Growth | +22.2% | +5.2% | +39.8% | +21.0% |
| Net Income Growth | +13.0% | +3.9% | +21.9% | -25.7% |
| EBITDA Growth | +21.2% | +39.9% | +13.0% | -18.1% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 7:24pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-14 | $0.07 | 2026-04-27 | 2026-05-14 | 2026-06-02 |
| 2026-02-12 | $0.07 | 2026-01-26 | 2026-02-12 | 2026-02-27 |
| 2025-12-01 | $0.07 | 2025-11-10 | 2025-12-01 | 2025-12-12 |
| 2025-08-15 | $0.07 | 2025-07-28 | 2025-08-15 | 2025-08-29 |
| 2025-05-23 | $0.07 | 2025-05-05 | 2025-05-23 | 2025-06-05 |
| 2025-02-12 | $0.06 | 2025-01-29 | 2025-02-12 | 2025-02-26 |
| 2024-11-27 | $0.06 | 2024-11-13 | 2024-11-27 | 2024-12-13 |
| 2024-08-15 | $0.29 | 2024-07-31 | 2024-08-15 | 2024-08-30 |
| 2024-05-17 | $0.29 | 2024-05-01 | 2024-05-20 | 2024-05-31 |
| 2024-02-13 | $0.26 | 2024-01-29 | 2024-02-14 | 2024-02-27 |
| 2023-11-29 | $0.26 | 2023-11-15 | 2023-11-30 | 2023-12-13 |
| 2023-08-22 | $0.26 | 2023-08-07 | 2023-08-23 | 2023-09-06 |
| 2023-05-23 | $0.26 | 2023-05-10 | 2023-05-24 | 2023-06-06 |
| 2023-02-10 | $0.23 | 2023-02-01 | 2023-02-13 | 2023-02-24 |
| 2022-11-18 | $0.23 | 2022-11-07 | 2022-11-21 | 2022-12-09 |
| 2022-08-11 | $0.23 | 2022-08-03 | 2022-08-12 | 2022-08-26 |
| 2022-05-12 | $0.23 | 2022-05-02 | 2022-05-13 | 2022-05-27 |
| 2022-02-10 | $0.20 | 2022-02-02 | 2022-02-11 | 2022-02-25 |
| 2021-12-01 | $0.20 | 2021-11-15 | 2021-12-02 | 2021-12-20 |
| 2021-08-19 | $0.20 | 2021-07-26 | 2021-08-20 | 2021-09-03 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for TTEK — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30