A Business at a Glance
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Tetra Tech, Inc. ("Tetra Tech") is a leading global provider of high-end consulting and engineering services that focuses on water, environment and sustainable infrastructure. We are a global company that is Leading with Science® to provide innovative solutions for our public and private clients. We typically begin at the earliest stage of a project by identifying technical solutions and developing execution plans tailored to our clients' needs and resources. Tetra Tech is Leading with Science® to provide sustainable and resilient solutions to our clients' most complex needs. Engineering News-Record ("ENR"), the engineering industry's leading magazine, has ranked Tetra Tech #1 in Water Treatment and Desalination for 12 years in a row. In 2025, we were also ranked #1 in consulting studies, environmental management, environmental science, wind power, hydro plants, site assessment and compliance, and green government offices.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 5.2B | 5.4B | 5.2B | 4.5B | 3.5B | 3.2B |
| Net Income | 352M | 248M | 333M | 273M | 263M | 233M |
| EPS | $1.35 | $0.93 | $0.25 | $1.02 | $0.97 | $0.85 |
| Free Cash Flow | 498M | 439M | 341M | 342M | 326M | 296M |
| ROIC | 15.3% | 11.2% | 15.9% | 13.8% | 19.1% | 19.0% |
| Gross Margin | 18.4% | 17.7% | 16.7% | 16.0% | 16.4% | 15.5% |
| Debt/Equity | 0.45 | 0.43 | 0.44 | 0.63 | 0.22 | 0.17 |
| Dividends/Share | $0.25 | $0.25 | $0.04 | $0.04 | $0.03 | $0.15 |
| Operating Income | 527M | 408M | 501M | 358M | 340M | 279M |
| Operating Margin | 10.1% | 7.5% | 9.6% | 7.9% | 9.7% | 8.7% |
| ROE | 19.1% | 13.7% | 20.6% | 21.1% | 21.8% | 20.5% |
| Shares Outstanding | 261M | 266M | 1,355M | 268M | 271M | 273M |
TETRA TECH INC passes 6 of 9 quality checks, suggesting mixed fundamentals.
TETRA TECH INC trades at 23.6x trailing earnings, compared to its 15-year median P/E of 28.8x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 16.5x vs a median of 20.9x. The company's 5-year average ROIC is 15.8% with a gross margin of 16.5%. Total shareholder yield (dividends + buybacks) is 4.2%. At current prices, the estimated annualized return to fair value is +14.4%.
TETRA TECH INC (TTEK) has a current P/E ratio of 23.6, compared to its historical median P/E of 28.8. The stock is currently considered Cheap based on its historical valuation range.
TETRA TECH INC (TTEK) has a 5-year average return on invested capital (ROIC) of 15.8%. This indicates strong capital allocation and a potential competitive advantage.
TETRA TECH INC (TTEK) has a market capitalization of $8.2B. It is classified as a mid-cap stock.
Yes, TETRA TECH INC (TTEK) pays a dividend with a trailing twelve-month yield of 0.81%. The company also returns capital through share buybacks, with a buyback yield of 3.36%.
Based on historical P/E analysis, TETRA TECH INC (TTEK) appears cheap. The current P/E of 23.6 is 18% below its historical median of 28.8. The estimated fair value CAGR (P/E method) is 16.7%.
TETRA TECH INC (TTEK) operates in the Services-Engineering Services industry, within the Industrials sector.
TETRA TECH INC (TTEK) reported annual revenue of $5.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
TETRA TECH INC (TTEK) has a net profit margin of 4.6%. This is a modest margin.
TETRA TECH INC (TTEK) generated $439 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
TETRA TECH INC (TTEK) has a debt-to-equity ratio of 0.43. This indicates a conservatively financed balance sheet.
TETRA TECH INC (TTEK) reported earnings per share (EPS) of $0.93 in its most recent fiscal year.
TETRA TECH INC (TTEK) has a return on equity (ROE) of 13.7%. This indicates moderate shareholder returns.
TETRA TECH INC (TTEK) has a 5-year average gross margin of 16.5%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 18 years of financial data for TETRA TECH INC (TTEK), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TETRA TECH INC (TTEK) has a book value per share of $6.68, based on its most recent annual SEC filing.