Tearsheet

Tetra Tech (TTEK)


Market Price (12/25/2025): $34.185 | Market Cap: $9.0 Bil
Sector: Industrials | Industry: Construction & Engineering

Tetra Tech (TTEK)


Market Price (12/25/2025): $34.185
Market Cap: $9.0 Bil
Sector: Industrials
Industry: Construction & Engineering

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


0 Low stock price volatility
Vol 12M is 33%
Weak multi-year price returns
2Y Excs Rtn is -43%, 3Y Excs Rtn is -62%
Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -3.2%
1 Megatrend and thematic drivers
Megatrends include Water Infrastructure, Sustainable Infrastructure, and Renewable Energy Transition. Themes include Water Treatment & Delivery, Show more.
  Key risks
TTEK key risks include [1] a substantial reliance on U.S. Show more.
0 Low stock price volatility
Vol 12M is 33%
1 Megatrend and thematic drivers
Megatrends include Water Infrastructure, Sustainable Infrastructure, and Renewable Energy Transition. Themes include Water Treatment & Delivery, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -43%, 3Y Excs Rtn is -62%
3 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -3.2%
4 Key risks
TTEK key risks include [1] a substantial reliance on U.S. Show more.

Valuation, Metrics & Events

TTEK Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

The stock of Tetra Tech (TTEK) experienced an approximate 5.17% decline from its post-Q4 2025 earnings surge in mid-November 2025, peaking at $36.32 on November 13, 2025, and subsequently falling to $34.44 by December 22, 2025. This movement occurred within the specified period of August 31, 2025, to December 25, 2025.

**1. Fiscal Year 2026 Guidance:** Despite reporting strong fiscal year 2025 results, Tetra Tech's guidance for fiscal year 2026 projected a net revenue range of $4.05 billion to $4.25 billion, which was lower than the record net revenue of $4.62 billion achieved in fiscal 2025. Additionally, the EPS guidance for fiscal 2026 ($1.40 to $1.55) was slightly below the adjusted EPS of $1.56 for fiscal 2025. This forward-looking outlook, signaling a potential slowdown, likely contributed to investor caution following the initial enthusiasm for the strong fiscal 2025 performance.

**2. Market Adjustment Post-Earnings Surge:** Tetra Tech's stock saw a significant 14.27% surge in after-hours trading following the announcement of its robust fourth-quarter and fiscal year 2025 results on November 13, 2025. The subsequent approximately 5% decline to late December could be attributed to a market correction as investors moved beyond the immediate positive earnings news to more closely evaluate the company's future prospects and guidance.

**3. Risks in Renewable Energy Projects:** The Q3 2025 earnings summary highlighted "reductions in renewable energy projects, particularly in offshore wind," as a risk that could lead to lower revenue from these segments. Ongoing or perceived concerns in specific sectors, such as offshore wind, may have exerted some downward pressure on the stock during this period.

**4. Potential for Slower Conversion of Federal Government Contracts:** During the Q3 2025 earnings call, a risk was identified regarding the "slower conversion of federal government contracts into task orders," which could impact the visibility of future revenues, despite robust contract commitments. This uncertainty regarding the timing of revenue generation from committed contracts could have contributed to investor hesitancy. Show more

Stock Movement Drivers

Fundamental Drivers

The 1.8% change in TTEK stock from 9/24/2025 to 12/24/2025 was primarily driven by a 15.6% change in the company's Net Income Margin (%).
924202512242025Change
Stock Price ($)33.5834.181.80%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)5486.965442.59-0.81%
Net Income Margin (%)3.94%4.55%15.55%
P/E Multiple40.8636.16-11.50%
Shares Outstanding (Mil)263.03262.080.36%
Cumulative Contribution1.79%

LTM = Last Twelve Months as of date shown

Market Drivers

9/24/2025 to 12/24/2025
ReturnCorrelation
TTEK1.8% 
Market (SPY)4.4%-12.8%
Sector (XLI)3.4%-0.3%

Fundamental Drivers

The -4.7% change in TTEK stock from 6/25/2025 to 12/24/2025 was primarily driven by a -28.6% change in the company's P/E Multiple.
625202512242025Change
Stock Price ($)35.8634.18-4.68%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)5461.475442.59-0.35%
Net Income Margin (%)3.44%4.55%32.16%
P/E Multiple50.6636.16-28.61%
Shares Outstanding (Mil)265.73262.081.37%
Cumulative Contribution-4.70%

LTM = Last Twelve Months as of date shown

Market Drivers

6/25/2025 to 12/24/2025
ReturnCorrelation
TTEK-4.7% 
Market (SPY)14.0%-0.1%
Sector (XLI)10.0%14.0%

Fundamental Drivers

The -13.7% change in TTEK stock from 12/24/2024 to 12/24/2025 was primarily driven by a -29.0% change in the company's Net Income Margin (%).
1224202412242025Change
Stock Price ($)39.6134.18-13.71%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)5198.685442.594.69%
Net Income Margin (%)6.41%4.55%-29.02%
P/E Multiple31.8036.1613.70%
Shares Outstanding (Mil)267.69262.082.09%
Cumulative Contribution-13.74%

LTM = Last Twelve Months as of date shown

Market Drivers

12/24/2024 to 12/24/2025
ReturnCorrelation
TTEK-13.7% 
Market (SPY)15.8%25.3%
Sector (XLI)18.6%31.8%

Fundamental Drivers

The 16.9% change in TTEK stock from 12/25/2022 to 12/24/2025 was primarily driven by a 55.3% change in the company's Total Revenues ($ Mil).
1225202212242025Change
Stock Price ($)29.2534.1816.87%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)3504.055442.5955.32%
Net Income Margin (%)7.51%4.55%-39.39%
P/E Multiple29.5436.1622.43%
Shares Outstanding (Mil)265.75262.081.38%
Cumulative Contribution16.85%

LTM = Last Twelve Months as of date shown

Market Drivers

12/25/2023 to 12/24/2025
ReturnCorrelation
TTEK4.3% 
Market (SPY)48.9%26.9%
Sector (XLI)42.7%32.0%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
TTEK Return35%47%-14%16%20%-13%107%
Peers Return12%14%9%9%13%340%652%
S&P 500 Return16%27%-19%24%23%18%115%

Monthly Win Rates [3]
TTEK Win Rate67%67%50%50%58%50% 
Peers Win Rate47%52%45%47%53%45% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
TTEK Max Drawdown-23%-1%-29%-9%-5%-30% 
Peers Max Drawdown-27%-9%-10%-12%-2%-19% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: LDOS, J, BAH, KBR, CDNL. 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] 2025 data is for the year up to 12/24/2025 (YTD)

How Low Can It Go

Unique KeyEventTTEKS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-37.2%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven59.4%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven657 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-32.9%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven49.0%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven184 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-32.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven48.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven127 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-49.9%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven99.8%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven211 days1,480 days

Compare to LDOS, J, BAH, KBR, CDNL

In The Past

Tetra Tech's stock fell -37.2% during the 2022 Inflation Shock from a high on 11/23/2021. A -37.2% loss requires a 59.4% gain to breakeven.

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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 for Tetra Tech:

  • They're like Accenture for environmental and infrastructure engineering.

  • Think of them as IBM, but for solving complex environmental, water, and infrastructure challenges.

  • They are a professional services firm, similar to Deloitte, but specialized in sustainable infrastructure and water resource management.

AI Analysis | Feedback

  • Water Management: Provides consulting and engineering services for water supply, wastewater treatment, stormwater management, and water resource planning.
  • Environmental Consulting: Offers scientific and engineering solutions for environmental compliance, remediation, climate change adaptation, and waste management.
  • Sustainable Infrastructure Design: Delivers planning, design, and engineering services for resilient infrastructure projects including transportation, buildings, and urban development.
  • Renewable Energy Solutions: Provides consulting, engineering, and program management for solar, wind, hydropower, and other renewable energy projects.
  • International Development: Offers technical expertise and program management for global development initiatives, focusing on governance, water, environment, and infrastructure.

AI Analysis | Feedback

Tetra Tech (symbol: TTEK) sells primarily to other companies and government entities (Business-to-Business and Business-to-Government).

Based on their latest public filings (10-K), no single private commercial customer accounts for a material portion of their revenue (typically defined as 10% or more). However, government entities collectively represent a significant portion of their business. Their major customers and customer categories include:

  • U.S. Federal Government Agencies: These collectively accounted for approximately 36% of Tetra Tech's net revenue in fiscal year 2023. No single federal agency constituted more than 10% of total revenue. Specific agencies served include:
    • U.S. Environmental Protection Agency (EPA)
    • U.S. Army Corps of Engineers
    • U.S. Department of Defense
    • U.S. Department of State
    • U.S. Agency for International Development (USAID)
  • Commercial Clients: These represent a substantial portion of Tetra Tech's revenue, distributed across a wide range of industries globally. While specific names are not disclosed due to the lack of revenue concentration from any single entity, these clients typically include companies in sectors such as:
    • Utilities (e.g., power generation, water and wastewater management)
    • Mining
    • Oil & Gas
    • Industrial and Manufacturing
    • Real estate and infrastructure development
  • U.S. State and Local Governmental Entities: Tetra Tech serves numerous state and local government agencies across the United States for various infrastructure and environmental projects.
  • International Governments and Agencies: This category includes various government bodies outside the U.S. Key examples mentioned in their filings include:
    • U.K. Department for Environment, Food & Rural Affairs (Defra)
    • U.K. Department for International Development (now largely integrated into the Foreign, Commonwealth & Development Office - FCDO)

AI Analysis | Feedback

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AI Analysis | Feedback

Dan L. Batrack, Chairman and Chief Executive Officer

Mr. Batrack joined Tetra Tech in 1980 and has served in numerous capacities throughout his more than 30-year tenure, including arctic research scientist, deep-water oceanographic hydrographer, coastal hydrodynamic modeler, environmental data analyst, project and program manager, President of the Engineering Division, Chief Operating Officer, and President. He was named Chief Executive Officer in 2005 and Chairman in 2008. During his leadership as CEO, Tetra Tech's annual revenue and employee count have more than tripled. He holds a bachelor's degree in business administration from the University of Washington.

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 the company in April 2003 as Vice President, Management Audit, and subsequently served as 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, including serving as Chief Financial Officer for TRW Ventures LLC and Aura Systems, Inc. He holds a Bachelor of Science in Business Administration from Santa Clara University and is a Certified Public Accountant.

Roger R. Argus, President

Mr. Argus was promoted to President of Tetra Tech for fiscal year 2026, effective October 2025. He previously served as Executive Vice President of Corporate Development and President of the Commercial/International Services Group. With 40 years of professional experience, including over 30 years with Tetra Tech, Mr. Argus has led multidisciplinary environmental, engineering, and management programs for federal, state, municipal, and private clients. He has also directed Tetra Tech's mergers and acquisitions program, identifying, negotiating, and integrating companies.

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

Ms. Shoemaker joined Tetra Tech in 1991. She has held various leadership positions within the company, including President of the Infrastructure Group, Chief Strategy Officer, and Project Manager. Prior to her current role, she served as President and Chief Sustainability Officer, and President of the Water, Environment and Infrastructure (WEI) and Commercial/International Services Group (CIG) business groups.

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

Mr. Hopson serves as Tetra Tech's Executive Vice President, Chief Legal and Human Capital Officer. He is also listed as Senior Vice President, General Counsel & Secretary.

AI Analysis | Feedback

The key risks to Tetra Tech (TTEK) are primarily concentrated in its significant reliance on government contracts, the cyclical nature of its markets, and the inherent complexities of managing large-scale projects.

  1. Government Contracting and Economic Sensitivity: A substantial portion of Tetra Tech's revenue is derived from U.S. government contracts, making the company vulnerable to shifts in governmental spending priorities, budgetary constraints, and political factors. Changes in funding or contract terms for these multi-year agreements could negatively impact the business. Furthermore, the demand for Tetra Tech's services is cyclical and highly sensitive to overall economic conditions. Economic downturns or reductions in government and private sector spending on infrastructure and environmental projects can lead to decreased revenue and profitability.
  2. Project Execution Complexities and Market Competition: Tetra Tech frequently undertakes large-scale and complex projects, which carry inherent risks related to project management. Delays, cost overruns, or failure to meet performance standards on these projects can result in financial losses, reduced profitability, and damage to the company's reputation. The company also operates within a highly competitive market, necessitating continuous innovation and differentiation of its services to maintain its leadership position.
  3. Rising Operating Costs and Debt Levels: Tetra Tech faces challenges from escalating operating costs and expenses, including increasing input and marketing costs, which can pressure its bottom line. In addition, the company has significant debt obligations, and its ability to service this debt is contingent on generating sufficient cash flow. High debt levels increase financial obligations and can consequently drain profitability, affecting overall financial stability.

AI Analysis | Feedback

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AI Analysis | Feedback

Tetra Tech (symbol: TTEK) operates in several large addressable markets for its consulting and engineering services, primarily focusing on water, environment, and sustainable infrastructure.

  • Environmental Consulting Services: The global environmental consulting services market was valued at approximately USD 45.09 billion in 2024 and is projected to grow to USD 76.59 billion by 2032, with a Compound Annual Growth Rate (CAGR) of 6.81% during the forecast period of 2025 to 2032. Another estimate places the global market at USD 43.20 billion in 2024, anticipating a rise to USD 92.85 billion by 2034 at a CAGR of 7.95%. North America is expected to be a dominant region in this market.

  • Sustainable Infrastructure Market: The global sustainable infrastructure market was valued at about USD 58.55 billion in 2024 and is forecast to reach approximately USD 405.08 billion by 2034, exhibiting a robust CAGR of 21.34% from 2025 to 2034. Another report indicates a market size of USD 52.35 billion in 2024, with a projection to reach USD 365.49 billion by 2033 at a CAGR of 24.1%. Asia Pacific held the largest market share in 2024.

  • Water Infrastructure Services (including Construction and Repair): The global water infrastructure construction market was valued at USD 69.9 billion in 2023 and is projected to reach USD 107.3 billion by 2030, with a CAGR of 13.8%. More specifically, the global water infrastructure repair technologies market was estimated at USD 70.17 billion in 2024 and is projected to reach USD 166.43 billion by 2034, growing at a CAGR of 8.3%. North America was the largest region in the water infrastructure repair technologies market in 2024. The broader global water infrastructure and repair technology market was valued at USD 99.28 billion in 2022 and is expected to reach USD 165.09 billion by 2030.

  • Engineering Consulting Services: The global engineering consulting services market was valued at USD 134.19 billion in 2024 and is projected to reach USD 201.76 billion by 2032, with a CAGR of 5.30%. Another estimate for the global engineering services market size is US$ 1,801.75 billion in 2024, projected to expand to US$ 3,756.09 billion by 2034. The Asia Pacific region holds a significant share and is expected to grow rapidly in the engineering services market. North America also held a dominant position in the engineering consulting services market in 2024.

AI Analysis | Feedback

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

  1. Growth in Water and Environmental Markets: Tetra Tech anticipates continued strong demand in its core water and environmental markets. This includes advanced water treatment solutions and addressing new regulatory requirements related to emerging contaminants like PFAS. The company has seen robust growth in municipal water programs, particularly in the U.S., UK, and Ireland, which are expected to support recurring revenue growth.
  2. Expansion of Digital Automation and High-End Consulting Services: A significant growth driver is Tetra Tech's strategic expansion in digital systems and automation. This involves leveraging proprietary data analytic tools, artificial intelligence-augmented consulting services, and increasing recurring revenue from software subscriptions. The company has an ambitious target to double its digital automation revenue to $500 million by 2030 and has made acquisitions, such as Sage Automation, to bolster these capabilities.
  3. Sustainable Infrastructure and Decarbonization Initiatives: Tetra Tech is well-positioned to benefit from increasing global investment and regulatory pressure around climate adaptation, sustainability, and infrastructure resilience. This includes projects focused on watershed management, coastal protection, and decarbonization efforts, aligning with worldwide priorities for a sustainable future.
  4. Federal Government Contracts and Disaster Response Programs: The company expects continued strong performance from its U.S. federal government contracts, including work on defense facilities, Coast Guard projects, and air traffic control system upgrades. Additionally, with the increasing frequency and severity of natural disasters, Tetra Tech's disaster response activities are becoming a significant and growing component of its revenue, particularly within its state and local client sectors.

AI Analysis | Feedback

Share Repurchases

  • Tetra Tech's Board of Directors approved an additional $500 million share repurchase program on May 5, 2025, bringing the total available for repurchases to $673 million, including amounts remaining from prior authorizations.
  • In the second quarter of fiscal year 2025, the company repurchased $150 million of common stock, followed by $25 million in the third quarter of fiscal year 2025.
  • An earlier share repurchase program, authorized on October 7, 2021, added $400 million, bringing the total available at that time to $563 million. As of July 30, 2025, $256.11 million had been repurchased under this program.

Share Issuance

  • Tetra Tech completed a 5:1 forward stock split in fiscal year 2024, which increased the number of outstanding shares.

Outbound Investments

  • In January 2023, Tetra Tech completed its largest-ever acquisition, purchasing the British environmental consulting firm RPS Group for $691 million.
  • In February 2024, Tetra Tech acquired LS Technologies, a firm specializing in IT modernization and cybersecurity services for the U.S. Government.
  • Notable acquisitions in 2021 included UK-based sustainable engineering design firm Hoare Lea in July, and IBRA-RMAC Automation Systems, Inc. in April, which provided digital transformation consulting for water infrastructure.

Capital Expenditures

  • For fiscal year 2024, Tetra Tech reported capital expenditures of -$18.14 million.
  • Capital expenditures are used for general corporate purposes and contribute to meeting sustainability targets, including the reduction of greenhouse gas emissions and projects that provide environmental, social, and governance benefits.

Better Bets than Tetra Tech (TTEK)

Trade Ideas

Select ideas related to TTEK. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CNM_11212025_Dip_Buyer_FCFYield11212025CNMCore & MainDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
18.7%18.7%-1.6%
VRRM_11212025_Dip_Buyer_FCFYield11212025VRRMVerra MobilityDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
4.7%4.7%-1.2%
LII_11212025_Dip_Buyer_ValueBuy11212025LIILennox InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
6.9%6.9%0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025ADPAutomatic Data ProcessingMonopolyMY | 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
2.6%2.6%-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%11212025CWCurtiss-WrightQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
6.0%6.0%-0.4%

Recent Active Movers

More From Trefis

Peer Comparisons for Tetra Tech

Peers to compare with:

Financials

TTEKLDOSJBAHKBRCDNLMedian
NameTetra Te.Leidos Jacobs S.Booz All.KBR Cardinal. 
Mkt Price34.18186.63136.1185.1540.2323.4662.69
Mkt Cap9.023.916.310.45.10.99.7
Rev LTM5,44317,33212,03011,7068,078-11,706
Op Inc LTM6042,0418641,106543-864
FCF LTM4391,338607819494-607
FCF 3Y Avg3741,149793641378-641
CFO LTM4581,506687910559-687
CFO 3Y Avg3951,312905728453-728

Growth & Margins

TTEKLDOSJBAHKBRCDNLMedian
NameTetra Te.Leidos Jacobs S.Booz All.KBR Cardinal. 
Rev Chg LTM4.7%6.5%4.6%2.4%10.2%-4.7%
Rev Chg 3Y Avg16.2%6.9%7.2%10.0%3.0%-7.2%
Rev Chg Q-3.2%6.7%6.6%-8.1%-0.3%--0.3%
QoQ Delta Rev Chg LTM-0.8%1.6%1.6%-2.1%-0.1%--0.1%
Op Mgn LTM11.1%11.8%7.2%9.5%6.7%-9.5%
Op Mgn 3Y Avg10.1%10.3%6.5%8.7%7.0%-8.7%
QoQ Delta Op Mgn LTM0.4%-0.1%0.0%-2.0%-0.3%--0.1%
CFO/Rev LTM8.4%8.7%5.7%7.8%6.9%-7.8%
CFO/Rev 3Y Avg7.8%8.0%8.0%6.4%6.0%-7.8%
FCF/Rev LTM8.1%7.7%5.0%7.0%6.1%-7.0%
FCF/Rev 3Y Avg7.4%7.0%7.0%5.6%5.0%-7.0%

Valuation

TTEKLDOSJBAHKBRCDNLMedian
NameTetra Te.Leidos Jacobs S.Booz All.KBR Cardinal. 
Mkt Cap9.023.916.310.45.10.99.7
P/S1.61.41.40.90.6-1.4
P/EBIT21.411.623.69.37.1-11.6
P/E36.217.056.212.713.6-17.0
P/CFO19.615.923.711.59.2-15.9
Total Yield3.5%6.8%2.2%7.9%9.0%-6.8%
Dividend Yield0.7%0.9%0.5%0.0%1.6%0.0%0.6%
FCF Yield 3Y Avg4.0%6.0%4.7%4.1%5.3%-4.7%
D/E0.10.20.20.40.60.10.2
Net D/E0.10.20.10.30.50.10.1

Returns

TTEKLDOSJBAHKBRCDNLMedian
NameTetra Te.Leidos Jacobs S.Booz All.KBR Cardinal. 
1M Rtn4.5%0.1%2.7%5.4%1.4%1,704.6%3.6%
3M Rtn1.8%-0.2%-7.5%-13.7%-18.4%1,704.6%-3.8%
6M Rtn-4.7%21.8%6.8%-15.0%-15.7%1,704.6%1.0%
12M Rtn-13.7%29.5%2.1%-32.9%-28.7%1,704.6%-5.8%
3Y Rtn16.9%84.0%40.5%-14.1%-20.5%1,704.6%28.7%
1M Excs Rtn1.1%-3.3%-0.7%2.1%-2.0%1,701.2%0.2%
3M Excs Rtn-1.5%-2.4%-11.7%-17.1%-19.0%1,699.7%-7.0%
6M Excs Rtn-17.7%7.5%-7.3%-29.5%-30.2%1,691.7%-12.5%
12M Excs Rtn-31.2%13.3%-14.6%-50.6%-45.3%1,687.7%-22.9%
3Y Excs Rtn-61.6%3.7%-38.3%-95.0%-100.2%1,623.0%-49.9%

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$34.18 
Market Cap ($ Bil)9.0 
First Trading Date12/17/1991 
Distance from 52W High-19.1% 
   50 Days200 Days
DMA Price$33.75$34.04
DMA Trendupindeterminate
Distance from DMA1.3%0.4%
 3M1YR
Volatility40.8%33.1%
Downside Capture2.7058.87
Upside Capture10.4535.57
Correlation (SPY)-12.0%25.3%
TTEK Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta-1.47-0.54-0.420.070.430.65
Up Beta-0.990.180.340.670.610.72
Down Beta-7.37-1.88-1.75-1.060.140.41
Up Capture3%3%-11%24%24%38%
Bmk +ve Days13263974142427
Stock +ve Days7192758114383
Down Capture-113%-31%12%49%69%93%
Bmk -ve Days7162452107323
Stock -ve Days13233566132363

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of TTEK With Other Asset Classes (Last 1Y)
 TTEKSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-14.6%20.9%19.2%71.9%8.9%6.0%-10.4%
Annualized Volatility32.9%18.8%19.5%19.3%15.3%17.1%35.0%
Sharpe Ratio-0.450.870.782.690.360.18-0.12
Correlation With Other Assets 31.8%25.2%2.3%17.9%21.7%23.8%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
 Comparison of TTEK With Other Asset Classes (Last 5Y)
 TTEKSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return8.8%14.0%14.9%18.7%11.7%4.8%32.6%
Annualized Volatility31.8%17.2%17.1%15.5%18.7%18.9%48.7%
Sharpe Ratio0.320.660.700.970.510.170.59
Correlation With Other Assets 50.7%48.7%9.7%10.9%44.9%26.5%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of TTEK With Other Asset Classes (Last 10Y)
 TTEKSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return21.2%13.4%14.7%14.9%6.9%5.2%69.2%
Annualized Volatility31.4%19.9%18.0%14.8%17.6%20.8%55.8%
Sharpe Ratio0.680.600.700.830.310.220.90
Correlation With Other Assets 60.1%59.4%4.0%21.2%50.9%17.3%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity8,242,674
Short Interest: % Change Since 11302025-11.2%
Average Daily Volume2,144,440
Days-to-Cover Short Interest3.84
Basic Shares Quantity262,085,000
Short % of Basic Shares3.1%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
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%
5/1/20246.1%10.1%9.0%
1/31/20243.9%10.2%11.8%
...
SUMMARY STATS   
# Positive131413
# Negative111011
Median Positive3.9%6.6%9.0%
Median Negative-1.4%-6.3%-10.6%
Max Positive15.7%13.0%15.5%
Max Negative-13.5%-15.1%-22.6%

SEC Filings

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Report DateFiling DateFiling
93020251120202510-K 9/28/2025
6302025801202510-Q 6/29/2025
3312025508202510-Q 3/30/2025
12312024131202510-Q 12/29/2024
93020241119202410-K 9/29/2024
6302024802202410-Q 6/30/2024
3312024503202410-Q 3/31/2024
12312023202202410-Q 12/31/2023
93020231122202310-K 10/1/2023
6302023810202310-Q 7/2/2023
3312023511202310-Q 4/2/2023
12312022203202310-Q 1/1/2023
93020221125202210-K 10/2/2022
6302022805202210-Q 7/3/2022
3312022506202210-Q 4/3/2022
12312021204202210-Q 1/2/2022