Tearsheet

Tetra Tech (TTEK)


Market Price (5/9/2026): $30.4 | Market Cap: $7.9 Bil
Sector: Industrials | Industry: Construction & Engineering

Tetra Tech (TTEK)


Market Price (5/9/2026): $30.4
Market Cap: $7.9 Bil
Sector: Industrials
Industry: Construction & Engineering

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.4%, FCF Yield is 8.5%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%

Low stock price volatility
Vol 12M is 36%

Megatrend and thematic drivers
Megatrends include Water Infrastructure, Sustainable Infrastructure, and Renewable Energy Transition. Themes include Water Treatment & Delivery, Show more.

Weak multi-year price returns
2Y Excs Rtn is -70%, 3Y Excs Rtn is -70%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.1%, Rev Chg QQuarterly Revenue Change % is -7.7%

Key risks
TTEK key risks include [1] a substantial reliance on U.S. Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.4%, FCF Yield is 8.5%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%
2 Low stock price volatility
Vol 12M is 36%
3 Megatrend and thematic drivers
Megatrends include Water Infrastructure, Sustainable Infrastructure, and Renewable Energy Transition. Themes include Water Treatment & Delivery, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -70%, 3Y Excs Rtn is -70%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.1%, Rev Chg QQuarterly Revenue Change % is -7.7%
6 Key risks
TTEK key risks include [1] a substantial reliance on U.S. Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Tetra Tech (TTEK) stock has lost about 20% since 1/31/2026 because of the following key factors:

1. Stock overvaluation at the start of the period led to a valuation correction. On February 4, 2026, Tetra Tech's stock was trading at a price-to-earnings (P/E) ratio of 31.05, significantly higher than the industry median of 16.95 and the company's historical median. This elevated valuation likely set the stage for a downward adjustment, despite subsequent positive earnings reports.

2. Mixed segment performance and future growth concerns impacted investor sentiment. While Tetra Tech reported overall strong financial results and raised its full-year fiscal 2026 guidance, specific areas of the business showed weakness or adjusted expectations. U.S. commercial revenue declined by 2% due to reduced activity in renewable energy, particularly offshore wind. Additionally, management lowered its outlook for state and local government growth from an anticipated 10-15% to 5-10% due to "client funding caution and base effects," which may have introduced uncertainty regarding the pace of future growth in these key sectors.

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Stock Movement Drivers

Fundamental Drivers

The -19.4% change in TTEK stock from 1/31/2026 to 5/8/2026 was primarily driven by a -35.8% change in the company's P/E Multiple.
(LTM values as of)13120265082026Change
Stock Price ($)37.6030.29-19.4%
Change Contribution By: 
Total Revenues ($ Mil)5,2335,131-1.9%
Net Income Margin (%)6.7%8.6%27.6%
P/E Multiple27.917.9-35.8%
Shares Outstanding (Mil)2612600.3%
Cumulative Contribution-19.4%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/8/2026
ReturnCorrelation
TTEK-19.4% 
Market (SPY)3.6%34.2%
Sector (XLI)5.0%32.6%

Fundamental Drivers

The -5.0% change in TTEK stock from 10/31/2025 to 5/8/2026 was primarily driven by a -53.8% change in the company's P/E Multiple.
(LTM values as of)103120255082026Change
Stock Price ($)31.8730.29-5.0%
Change Contribution By: 
Total Revenues ($ Mil)5,4875,131-6.5%
Net Income Margin (%)3.9%8.6%117.8%
P/E Multiple38.817.9-53.8%
Shares Outstanding (Mil)2632601.1%
Cumulative Contribution-5.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/8/2026
ReturnCorrelation
TTEK-5.0% 
Market (SPY)5.5%15.9%
Sector (XLI)12.4%23.4%

Fundamental Drivers

The -2.2% change in TTEK stock from 4/30/2025 to 5/8/2026 was primarily driven by a -44.1% change in the company's P/E Multiple.
(LTM values as of)43020255082026Change
Stock Price ($)30.9730.29-2.2%
Change Contribution By: 
Total Revenues ($ Mil)5,3915,131-4.8%
Net Income Margin (%)4.8%8.6%78.5%
P/E Multiple32.017.9-44.1%
Shares Outstanding (Mil)2682603.0%
Cumulative Contribution-2.2%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/8/2026
ReturnCorrelation
TTEK-2.2% 
Market (SPY)30.4%18.5%
Sector (XLI)33.8%27.8%

Fundamental Drivers

The 11.6% change in TTEK stock from 4/30/2023 to 5/8/2026 was primarily driven by a 44.9% change in the company's Total Revenues ($ Mil).
(LTM values as of)43020235082026Change
Stock Price ($)27.1430.2911.6%
Change Contribution By: 
Total Revenues ($ Mil)3,5405,13144.9%
Net Income Margin (%)8.8%8.6%-2.4%
P/E Multiple23.117.9-22.6%
Shares Outstanding (Mil)2652602.0%
Cumulative Contribution11.6%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/8/2026
ReturnCorrelation
TTEK11.6% 
Market (SPY)78.7%29.9%
Sector (XLI)81.1%36.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
TTEK Return47%-14%16%20%-15%-8%37%
Peers Return14%9%9%13%0%-30%7%
S&P 500 Return27%-19%24%23%16%7%95%

Monthly Win Rates [3]
TTEK Win Rate67%50%50%58%50%40% 
Peers Win Rate52%45%47%53%45%36% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
TTEK Max Drawdown-1%-29%-9%-5%-30%-11% 
Peers Max Drawdown-9%-10%-12%-2%-19%-31% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: LDOS, J, BAH, KBR, MGN. See TTEK Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/8/2026 (YTD)

How Low Can It Go

EventTTEKS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-15.2%-9.5%
  % Gain to Breakeven18.0%10.5%
  Time to Breakeven103 days24 days
2023 SVB Regional Banking Crisis
  % Loss-10.2%-6.7%
  % Gain to Breakeven11.4%7.1%
  Time to Breakeven8 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-30.1%-24.5%
  % Gain to Breakeven43.0%32.4%
  Time to Breakeven393 days427 days
2020 COVID-19 Crash
  % Loss-32.9%-33.7%
  % Gain to Breakeven49.0%50.9%
  Time to Breakeven184 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-28.3%-19.2%
  % Gain to Breakeven39.5%23.7%
  Time to Breakeven148 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-14.2%-12.2%
  % Gain to Breakeven16.5%13.9%
  Time to Breakeven32 days62 days

Compare to LDOS, J, BAH, KBR, MGN

In The Past

Tetra Tech's stock fell -8.2% during the 2025 US Tariff Shock. Such a loss loss requires a 9.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventTTEKS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-30.1%-24.5%
  % Gain to Breakeven43.0%32.4%
  Time to Breakeven393 days427 days
2020 COVID-19 Crash
  % Loss-32.9%-33.7%
  % Gain to Breakeven49.0%50.9%
  Time to Breakeven184 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-28.3%-19.2%
  % Gain to Breakeven39.5%23.7%
  Time to Breakeven148 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-24.2%-17.9%
  % Gain to Breakeven32.0%21.8%
  Time to Breakeven24 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-21.2%-15.4%
  % Gain to Breakeven27.0%18.2%
  Time to Breakeven115 days125 days
2008-2009 Global Financial Crisis
  % Loss-34.1%-53.4%
  % Gain to Breakeven51.8%114.4%
  Time to Breakeven26 days1085 days

Compare to LDOS, J, BAH, KBR, MGN

In The Past

Tetra Tech's stock fell -8.2% during the 2025 US Tariff Shock. Such a loss loss requires a 9.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Tetra Tech (TTEK)

Tetra Tech, Inc. provides consulting and engineering services worldwide. The company operates through two segments Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services. This segment serves federal, state, and local governments, and development agencies in water resources analysis and water management, environmental monitoring, data analytics, government consulting, waste management, and a range of civil infrastructure master planning and engineering design markets. The CIG segment provides early data collection and monitoring, data analysis and information management, feasibility studies and assessments, science and engineering applied research, engineering design, project management, and operations and maintenance services. This segment serves natural resources, energy, and utilities markets, as well as sustainable infrastructure master planning and engineering design markets. Tetra Tech, Inc. was founded in 1966 and is headquartered in Pasadena, California.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe Tetra Tech (TTEK):

  • The "Accenture for environmental and infrastructure engineering."
  • The "IBM for water management and sustainable development."

AI Analysis | Feedback

  • Consulting and Engineering Design: Provides comprehensive consulting services, including early data collection, monitoring, data analysis, scientific and engineering applied research, feasibility studies, and detailed engineering design for complex projects.
  • Project Management and Operations: Offers end-to-end project management services and provides ongoing operations and maintenance support for various infrastructure and environmental systems.
  • Environmental and Water Management: Delivers specialized services in water resources analysis, water management, environmental monitoring, and waste management solutions.
  • Climate Change and Energy Management: Furnishes consulting services related to climate change, energy management, greenhouse gas inventory assessment, certification, reduction, and overall sustainability strategies.
  • Infrastructure Master Planning and Engineering: Specializes in master planning and engineering design for civil, sustainable, and critical infrastructure across governmental, commercial, and international sectors.

AI Analysis | Feedback

Tetra Tech (TTEK) primarily sells its consulting and engineering services to governments and other companies, not individuals.

Major Customers:

  • Government Agencies:

    This includes federal, state, and local governments, as well as development agencies worldwide.

  • Commercial Entities:

    Companies operating within the natural resources, energy, and utilities markets.

AI Analysis | Feedback

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AI Analysis | Feedback

Roger R. Argus, Chief Executive Officer

Mr. Argus was promoted to President of Tetra Tech and appointed Chief Executive Officer in February 2026. He brings 40 years of professional experience, with over 30 years at Tetra Tech. Previously, he served as Executive Vice President of Corporate Development and President of the Commercial/International Services Group. Mr. Argus has directed Tetra Tech's mergers and acquisitions program, identifying, negotiating, and integrating companies.

Steven M. Burdick, Executive Vice President and Chief Financial Officer

Mr. Burdick has served as Executive Vice President and Chief Financial Officer of Tetra Tech since April 2011. He joined Tetra Tech in April 2003 as Vice President, Management Audit, and held the role of Senior Vice President and Corporate Controller from January 2004 to March 2011. Prior to joining Tetra Tech, Mr. Burdick held senior financial and executive positions with Aura Systems, Inc., TRW Ventures, and Ernst & Young LLP. He is also on the board of Tetra Tech Industries, Inc. and Tetra Tech UK Holdings Ltd.

Dan L. Batrack, Executive Chairman

Mr. Batrack was named Executive Chairman in February 2026, having served as Chief Executive Officer from 2005 to 2026 and Chairman since 2003. He joined Tetra Tech in 1980 and has held numerous roles including arctic research scientist, deep water oceanographic hydrographer, and President of the Engineering Division. During his tenure as Chief Executive Officer, Tetra Tech's annual revenue and employee count more than tripled. He established the firm's strategic direction, focusing on becoming a leading firm in Water Consulting and Engineering, Environmental Management, and Climate Change Response.

Leslie L. Shoemaker, PhD, Executive Vice President, Chief Innovation and Sustainability Officer

Dr. Shoemaker is the Executive Vice President, Chief Innovation and Sustainability Officer for Tetra Tech.

Preston Hopson, Executive Vice President, Chief Legal and Human Capital Officer

Mr. Hopson serves as the Executive Vice President, Chief Legal and Human Capital Officer.

AI Analysis | Feedback

The key risks to Tetra Tech's business are primarily associated with its significant reliance on government contracts, its financial stability due to escalating operating costs and high debt, and the inherent project execution risks, particularly with an increasing focus on fixed-price contracts.

  1. Reliance on Government Contracts and Shifting Government Spending Priorities: A substantial portion of Tetra Tech's revenue is derived from U.S. federal, state, and local government contracts, which are typically multi-year agreements. Changes in terms, funding, or priorities within these contracts can negatively impact the company's business. For example, the termination of USAID contracts has led to a reduction in backlog and a goodwill impairment charge. Shifts in government spending, influenced by the political landscape or budgetary constraints, pose ongoing challenges for securing and maintaining project opportunities in sectors like environmental services and water management.
  2. Escalating Operating Costs and High Debt Levels: Tetra Tech faces challenges from rising operating costs and expenses, which can threaten its profitability. The company's total cost of sales increased significantly in the first quarter of fiscal 2025 due to rising input costs. Additionally, high debt levels represent a significant financial obligation that can strain profitability. Tetra Tech's long-term debt has shown a substantial increase over the past five years, raising concerns about its financial stability and ability to service this debt, especially with potential changes in interest rates or credit conditions.
  3. Project Execution Risks, Especially with Fixed-Price Contracts: As a provider of consulting and engineering services, Tetra Tech undertakes large-scale and complex projects. The successful execution of these projects is critical, and delays, cost overruns, or failure to meet performance standards can result in financial losses and damage to the company's reputation. The company's increasing shift towards fixed-price contracts, while potentially offering better margins, also introduces greater execution risks. If projects under fixed-price arrangements encounter unforeseen issues or cost escalations, profitability could be negatively impacted.

AI Analysis | Feedback

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AI Analysis | Feedback

Tetra Tech (TTEK) operates within several large addressable markets, offering a range of consulting and engineering services globally.

Addressable Markets for Tetra Tech's Main Products and Services:

  • Environmental Consulting Services: The global environmental consulting services market was valued at approximately USD 43.20 billion in 2024 and is projected to reach USD 92.85 billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 7.95% from 2025 to 2034. North America is anticipated to continue its dominance in this market. Other estimates place the global market at USD 46.50 billion in 2025, expected to grow to USD 65.72 billion by 2031, and over USD 51.8 billion in 2025, poised to exceed USD 100.01 billion by 2035.
  • Waste Management Market: The global waste management market size was estimated at USD 1.51 trillion in 2025 and is projected to reach around USD 2.69 trillion by 2035, expanding at a CAGR of 5.95% between 2026 and 2035. Another source valued the global market at USD 1,497.17 billion in 2025, projecting it to reach USD 2,365.14 billion by 2033.
  • Engineering Consulting Services: The global engineering consulting services market size was valued at USD 202.8 billion in 2025 and is projected to reach USD 296.2 billion by the end of 2035, with a CAGR of 4.3% during the forecast period of 2026-2035. Other estimates indicate the market was USD 175.43 billion in 2025, expected to rise to USD 348.79 billion by 2034.
  • Civil Engineering Market: The global civil engineering market size was estimated at USD 9.7032 trillion in 2024 and is expected to reach approximately USD 17.214 trillion by 2034, growing at a CAGR of 5.9% from 2025 to 2034. Another valuation placed it at USD 10.4 trillion in 2025, projected to reach USD 15.5 trillion by 2034.
  • Water Management Systems/Smart Water Management Market: The global water management systems market size was valued at USD 15.6 billion in 2023 and is projected to exceed USD 52.9 billion by 2033, growing at a CAGR of 12.99% from 2023 to 2033. More specifically, the global smart water management market size was estimated at USD 18,340.5 million in 2024 and is projected to reach USD 50,740.8 million by 2033.
  • Energy Consulting Market: The global energy consulting market size was approximately USD 16 billion in 2024 and is projected to reach USD 21 billion by 2030, with an estimated CAGR of 5% during the forecast period of 2025-2030. Another estimate valued the market at USD 18.7 billion in 2025, expected to reach USD 22.94 billion by 2030.
  • Natural Resource Management Consulting: The global market size for the natural resource management consulting sector was estimated at $6.5 billion in 2023 and is anticipated to reach approximately $12.1 billion by 2032, with a projected CAGR of 7.2%.

AI Analysis | Feedback

Tetra Tech (TTEK) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives and market trends.

One significant driver is the company's focus on **expanding its services in water and environmental markets, particularly in response to new regulatory requirements and increasingly complex challenges**. This includes addressing emerging contaminants such as PFAS, as well as engaging in more sophisticated projects related to watershed management, coastal protection, and decarbonization. This aligns with the strong demand seen in the U.S. water infrastructure and environmental sectors, including steady spending on U.S. water systems, power grid upgrades, and the rising need for water cooling in data centers.

Another key growth driver for Tetra Tech is its **growth in international markets**. The company anticipates continued strong performance in regions such as the U.K. and Canada, fueled by significant water investment cycles like the U.K.'s AMP8 and Canada's large infrastructure programs. Additionally, increased high-priority defense spending in the U.K. and Australia is expected to contribute to international revenue growth.

Tetra Tech is also driving revenue growth through **technological innovation, specifically by leveraging proprietary data analytic tools and artificial intelligence (AI)-augmented consulting services**. This strategy aims to increase productivity and enhance margins. Furthermore, the company is focused on generating higher recurring revenue through increased software subscriptions from its proprietary suite of applications.

Finally, **strategic mergers and acquisitions (M&A)** are expected to accelerate Tetra Tech's growth. With a strong balance sheet, the company has the capacity to pursue material acquisitions that align with its strategic priorities, particularly in expanding its front-end consulting business.

AI Analysis | Feedback

Share Repurchases

  • As of December 28, 2025, Tetra Tech had $548 million remaining under its approved share repurchase programs.
  • The company expanded its share repurchase program by an additional $500 million in Q2 2025 (ended March 30, 2025).
  • Tetra Tech repurchased $50 million of common stock in the first quarter ended December 28, 2025, and another $50 million in the fourth quarter of fiscal 2025 (ended September 28, 2025).

Share Issuance

  • On February 20, 2026, Tetra Tech's CEO received a grant of 28,174 restricted stock units (RSUs).
  • A five-for-one stock split was approved by Tetra Tech's Board of Directors on July 29, 2024, becoming effective after the close of trading on September 6, 2024.

Outbound Investments

  • Tetra Tech completed the acquisition of RPS Group, a global professional services firm, on January 24, 2023, to strengthen its positions in water, renewable energy, and sustainable infrastructure.
  • Recent acquisitions, including LS Technologies and Convergence Controls & Engineering, have expanded Tetra Tech's capabilities in enterprise technology services, data analytics, and cybersecurity.
  • The company has highlighted over $2 billion in immediate borrowing capacity for strategic acquisitions, indicating an ongoing focus on acquisitions as a growth strategy.

Capital Expenditures

  • Tetra Tech's capital expenditures forecast median consensus for the next fiscal year is $20 million, and it is expected to average $18.5 million over the next five fiscal years.
  • For the three months ended December 2025, Tetra Tech spent $4 million on purchasing property, plant, and equipment.
  • Over the past decade (up to March 2025), the company incurred USD 74 million on capital expenditures.

Better Bets vs. Tetra Tech (TTEK)

Trade Ideas

Select ideas related to TTEK.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
GEO_4302026_Dip_Buyer_ValueBuy04302026GEOGEODip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
0.0%0.0%0.0%
RUN_4302026_Short_Squeeze04302026RUNSunrunSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
0.0%0.0%0.0%
RSG_4172026_Monopoly_xInd_xCD_Getting_Cheaper04172026RSGRepublic ServicesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.8%0.8%-1.1%
VRSK_4102026_Dip_Buyer_FCFYield04102026VRSKVerisk AnalyticsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
12.3%12.3%0.0%
UHAL_4102026_Monopoly_xInd_xCD_Getting_Cheaper04102026UHALU-HaulMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.3%0.3%-1.0%
TTEK_3062026_Dip_Buyer_FCFYield03062026TTEKTetra TechDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-7.3%-7.3%-14.7%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

TTEKLDOSJBAHKBRMGNMedian
NameTetra Te.Leidos Jacobs S.Booz All.KBR Megan  
Mkt Price30.29130.11118.4377.0432.540.1754.79
Mkt Cap7.916.413.99.34.1-9.3
Rev LTM5,13117,32913,17511,4097,691-11,409
Op Inc LTM6012,1115981,045537-601
FCF LTM6681,859484933524-668
FCF 3Y Avg4151,433624685408-624
CFO LTM6881,9935721,020576-688
CFO 3Y Avg4361,590726769461-726

Growth & Margins

TTEKLDOSJBAHKBRMGNMedian
NameTetra Te.Leidos Jacobs S.Booz All.KBR Megan  
Rev Chg LTM-6.1%2.3%12.7%-3.1%-2.8%--2.8%
Rev Chg 3Y Avg11.0%5.9%10.3%8.3%5.7%-8.3%
Rev Chg Q-7.7%3.7%27.0%-10.2%-4.7%--4.7%
QoQ Delta Rev Chg LTM-1.9%0.9%6.3%-2.5%-1.2%--1.2%
Op Inc Chg LTM9.6%9.4%-23.8%-23.2%-6.8%--6.8%
Op Inc Chg 3Y Avg18.4%24.0%2.4%26.7%7.5%-18.4%
Op Mgn LTM11.7%12.2%4.5%9.2%7.0%-9.2%
Op Mgn 3Y Avg10.4%10.9%5.6%9.2%7.1%-9.2%
QoQ Delta Op Mgn LTM0.3%-0.0%-2.6%-0.3%-0.3%--0.3%
CFO/Rev LTM13.4%11.5%4.3%8.9%7.5%-8.9%
CFO/Rev 3Y Avg8.5%9.5%7.0%6.8%6.1%-7.0%
FCF/Rev LTM13.0%10.7%3.7%8.2%6.8%-8.2%
FCF/Rev 3Y Avg8.1%8.6%6.0%6.0%5.4%-6.0%

Valuation

TTEKLDOSJBAHKBRMGNMedian
NameTetra Te.Leidos Jacobs S.Booz All.KBR Megan  
Mkt Cap7.916.413.99.34.1-9.3
P/S1.50.91.10.80.5-0.9
P/Op Inc13.17.823.28.97.7-8.9
P/EBIT12.37.921.18.65.5-8.6
P/E17.911.636.411.110.3-11.6
P/CFO11.58.224.39.17.2-9.1
Total Yield6.4%9.9%3.3%9.0%11.8%-9.0%
Dividend Yield0.9%1.3%0.6%0.0%2.1%-0.9%
FCF Yield 3Y Avg5.0%7.8%3.8%5.3%6.9%-5.3%
D/E0.10.40.30.40.7-0.4
Net D/E0.10.40.20.30.6-0.3

Returns

TTEKLDOSJBAHKBRMGNMedian
NameTetra Te.Leidos Jacobs S.Booz All.KBR Megan  
1M Rtn-2.1%-19.0%-9.7%-5.6%-15.0%-29.8%-12.4%
3M Rtn-26.5%-32.4%-20.2%-12.8%-24.8%-91.2%-25.7%
6M Rtn-5.6%-33.6%-22.4%-10.6%-23.0%-88.3%-22.7%
12M Rtn-12.5%-15.1%-1.7%-36.1%-39.8%-85.2%-25.6%
3Y Rtn7.3%67.8%24.5%-11.9%-42.7%-85.2%-2.3%
1M Excs Rtn-10.2%-24.8%-15.3%-11.5%-21.6%-26.4%-18.4%
3M Excs Rtn-33.3%-39.1%-26.9%-19.5%-31.6%-97.9%-32.4%
6M Excs Rtn-15.6%-41.9%-32.6%-18.6%-32.2%-98.5%-32.4%
12M Excs Rtn-32.6%-46.5%-30.1%-67.3%-70.7%-116.6%-56.9%
3Y Excs Rtn-70.2%-14.3%-52.6%-93.8%-123.3%-166.1%-82.0%

Financials

Segment Financials

Assets by Segment
$ Mil20252024202320222021
Corporate2,4742,2831,3751,3211,236
Commercial/International Group (CIG)1,060994689699479
Government Services Group (GSG)658543559546649
Remediation and Construction Management (RCM)   1114
Total4,1933,8202,6232,5772,379


Price Behavior

Price Behavior
Market Price$30.29 
Market Cap ($ Bil)7.9 
First Trading Date12/17/1991 
Distance from 52W High-28.8% 
   50 Days200 Days
DMA Price$31.94$34.42
DMA Trenddowndown
Distance from DMA-5.2%-12.0%
 3M1YR
Volatility41.9%33.7%
Downside Capture1.270.43
Upside Capture58.6143.83
Correlation (SPY)39.9%18.7%
TTEK Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta0.310.820.970.490.530.61
Up Beta0.180.160.180.080.320.63
Down Beta-2.261.062.300.600.480.44
Up Capture58%52%56%55%46%34%
Bmk +ve Days15223166141428
Stock +ve Days12203259120380
Down Capture179%158%137%73%83%90%
Bmk -ve Days4183056108321
Stock -ve Days10233266130368

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TTEK
TTEK-1.2%36.0%0.03-
Sector ETF (XLI)31.0%15.6%1.5328.3%
Equity (SPY)29.0%12.5%1.8318.7%
Gold (GLD)39.8%27.0%1.2210.3%
Commodities (DBC)50.6%18.0%2.217.7%
Real Estate (VNQ)13.0%13.5%0.6615.8%
Bitcoin (BTCUSD)-17.9%42.1%-0.3522.6%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TTEK
TTEK4.2%31.8%0.18-
Sector ETF (XLI)12.7%17.4%0.5749.3%
Equity (SPY)12.8%17.1%0.5948.3%
Gold (GLD)20.9%17.9%0.9512.5%
Commodities (DBC)13.8%19.1%0.5912.1%
Real Estate (VNQ)3.4%18.8%0.0844.8%
Bitcoin (BTCUSD)6.9%56.0%0.3424.0%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TTEK
TTEK18.7%31.9%0.61-
Sector ETF (XLI)13.9%20.0%0.6158.8%
Equity (SPY)15.1%17.9%0.7258.1%
Gold (GLD)13.4%15.9%0.696.6%
Commodities (DBC)9.3%17.8%0.4419.9%
Real Estate (VNQ)5.8%20.7%0.2449.9%
Bitcoin (BTCUSD)67.7%66.9%1.0716.6%

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Short Interest

Short Interest: As Of Date4152026
Short Interest: Shares Quantity11.3 Mil
Short Interest: % Change Since 3312026-7.2%
Average Daily Volume2.4 Mil
Days-to-Cover Short Interest4.8 days
Basic Shares Quantity260.1 Mil
Short % of Basic Shares4.3%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/29/20261.4%-2.7% 
1/28/20263.0%9.8%-3.2%
11/12/202515.3%8.9%6.3%
7/30/2025-1.1%0.3%-0.4%
5/7/202513.0%12.5%15.5%
1/30/20250.6%-7.6%-22.6%
11/13/2024-13.5%-15.1%-11.1%
7/31/20249.0%7.2%10.8%
...
SUMMARY STATS   
# Positive151413
# Negative91010
Median Positive3.5%7.7%9.0%
Median Negative-1.4%-4.4%-10.7%
Max Positive15.7%13.0%15.5%
Max Negative-13.5%-15.1%-22.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/01/202610-Q
12/31/202501/30/202610-Q
09/30/202511/20/202510-K
06/30/202508/01/202510-Q
03/31/202505/08/202510-Q
12/31/202401/31/202510-Q
09/30/202411/19/202410-K
06/30/202408/02/202410-Q
03/31/202405/03/202410-Q
12/31/202302/02/202410-Q
09/30/202311/22/202310-K
06/30/202308/10/202310-Q
03/31/202305/11/202310-Q
12/31/202202/03/202310-Q
09/30/202211/25/202210-K
06/30/202208/05/202210-Q

Recent Forward Guidance [BETA]

Latest: Q1 2026 Earnings Reported 1/28/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Revenue975.00 Mil1.00 Bil1.02 Bil   
Q2 2026 EPS0.30.320.33   
2026 Revenue4.15 Bil4.22 Bil4.30 Bil1.8% RaisedGuidance: 4.15 Bil for 2026
2026 EPS1.461.511.562.4% RaisedGuidance: 1.48 for 2026

Prior: Q4 2025 Earnings Reported 11/12/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Revenue950.00 Mil975.00 Mil1.00 Bil-7.1% Lower NewGuidance: 1.05 Bil for Q4 2025
Q1 2026 EPS0.30.320.33-22.2% Lower NewGuidance: 0.41 for Q4 2025
2026 Revenue4.05 Bil4.15 Bil4.25 Bil-7.9% Lower NewGuidance: 4.50 Bil for 2025
2026 EPS1.41.481.55-2.6% Lower NewGuidance: 1.51 for 2025

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Carter, Brian NSVP, Corporate ControllerDirectSell206202640.239,979401,4051,870,302Form
2Birkenbeuel, Gary DirectSell815202536.002,39086,0501,358,258Form