Tetra Tech, Inc. (TTEK)
Fair ValueFundamental
62
Price
$36.98
Market Cap
$8.97B
Part 1 · What the company is worth
Overview
Tetra Tech, Inc. provides consulting and engineering services focusing on water, environment, and sustainable infrastructure in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers consulting and engineering services, including water resources analysis and water management, environmental monitoring, data analytics, government consulting, waste management, and civil infrastructure master planning and resilient engineering design for facilities, as well as transportation and local development projects primarily to government clients, including federal, state, and local, as well as international development agencies. It also offers sustainable solutions, such as energy management consulting, and greenhouse gas inventory assessment, certification, reduction, and management services. The CIG segment provides consulting and engineering services, including natural resources, energy, and utilities, as well as sustainable infrastructure master planning and engineering design for facilities; and transportation and local development projects to commercial and international clients, including the commercial and government sectors. The company 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; climate change consulting; greenhouse gas inventory assessment, certification, reduction, and management services; environmental remediation and reconstruction services, industrial water treatment and reuse services; and engineering services, such as data centers, advanced manufacturing, security systems, training and audiovisual facilities, clean rooms, laboratories, medical facilities, and disaster preparedness facilities. The company was founded in 1966 and is headquartered in Pasadena, California.
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Direct competitors
Who this company fights with for the same customers
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No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$5.07B
Trailing 12 months (through 6/28/2026)
Net Income
$437M
Trailing 12 months (through 6/28/2026)
Free Cash Flow
$439M
Total Equity
$1.78B
Total Liabilities
$2.50B
Current Ratio
1.18
Interest Coverage
10.05
Debt/EBITDA
2.19
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$35.10
Current Price
$36.98
Margin of Safety
-5.4%
Fair Value Range
$29.76 - $40.43
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
22.28
ROE
13.9%
P/B Ratio
5.11
P/FCF
17.30
Gross Margin
17.7%
ROIC
15.8%
Profitability Radar
Value Creation (Economic Moat)
ROIC
15.8%
WACC
8.8%
ROIC − WACC
+7.0 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Fundamental Analysis Criteria
Passed (18)
- Price CAGR 15.00%
- ROIC 15.8%
- P/FCF 17.30
- Debt/equity ratio
- Operating margin 12.1%
- Positive free cash flow
- CapEx intensity
- Current ratio
- Interest coverage
- Debt/EBITDA
- Return on tangible assets
- ROE 23.8%
- Revenue growth 5Y 14.5%
- Earnings surprise, average 7.1%
- Earnings quality (operating cash flow / net income) 1.30
- Share dilution -1.7%
- Net margin trend 8.6% vs 3.9%
- Piotroski F-Score 6/9
Failed (8)
- EPS shows upward trend
- EPS CAGR -0.54%
- Gross margin 17.7%
- P/B ratio 5.11
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
- PEG ratio 2.60
Unavailable (1)
- Dividend payout –
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Dan L. Batrack | Executive Chairman of the Board of Directors | 67 |
| Mr. Roger R. Argus | CEO, President & Director | 64 |
| Mr. Steven M. Burdick CPA | CFO & Executive VP | 60 |
| Mr. Preston Hopson J.D. | Executive VP, Secretary, Chief Legal & Human Capital Officer | 48 |
| Dr. Leslie L. Shoemaker Ph.D. | Executive VP and Chief Innovation & Sustainability Officer | 68 |
| Mr. Brian N. Carter CPA | Senior VP, Corporate Controller & Chief Accounting Officer | 58 |
| Mr. Craig L. Christensen | Senior VP & Chief Information Officer | 72 |
| Mr. Richard A. Lemmon | Senior Vice President of Corporate Administration | 66 |
| Dr. William R. Brownlie | Senior VP & Chief Engineer | 72 |
| Mr. Olivier H. Jeannot | President of Federal Information Technology Division | - |
Audit Risk
7
Board Risk
5
Compensation Risk
1
Shareholder Rights Risk
1
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2025-11-20
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-07-31
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-09-10
via SEC EDGAR
Income History
via SEC EDGAR
Part 2 · The price and its context
This part shows how the price has behaved, not whether the company is worth owning. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Market Reaction Profile
How much TTEK moves, measured on its daily prices.
More volatile than 28% of the tracked stocks (90-day volatility).
- Volatility 30d
- 26.8%
- Volatility 90d
- 27.9%
- Beta vs S&P 500 (1y)
- 0.30Correlation 0.10
- Max drawdown (12m)
- -38.6%
- ATR (14d, % of price)
- 2.40%
Earnings reactions
How TTEK moved around its past quarterly results.
Next earnings release
Nov 11, 2026 · In 18 days · Time not known
EPS estimate: 0.47Revenue estimate: $1.2B
What usually happens
- Over the last 12 releases the stock moved a median of 3.9% the next day, up or down.
- Next-day moves: up 8, down 4 (out of 12).
- Of the 5 releases that beat estimates, the stock fell the next day after 2.
Release history
| Date | When | EPS est. | EPS actual | Surprise | Gap | 1 day | 5 days |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026 | After the close | 0.40 | 0.42 | +3.8% | +3.5% | -3.9% | +1.5% |
| Apr 29, 2026 | After the close | 0.33 | 0.34 | +4.2% | +5.6% | +1.4% | -2.7% |
| Jan 28, 2026 | After the close | 0.32 | 0.35 | +8.9% | +6.5% | +3.0% | +9.8% |
| Nov 12, 2025 | After the close | 0.41 | 0.45 | +9.3% | +10.9% | +15.3% | +8.9% |
| Jul 30, 2025 | After the close | 0.39 | 0.43 | +10.9% | +3.0% | -1.1% | +0.4% |
| May 7, 2025 | After the close | n/a | n/a | n/a | +11.0% | +13.0% | +12.5% |
| Jan 29, 2025 | After the close | n/a | n/a | n/a | -4.2% | -2.9% | -9.5% |
| Nov 13, 2024 | After the close | n/a | n/a | n/a | -9.0% | -13.5% | -15.1% |
| Jul 31, 2024 | After the close | n/a | n/a | n/a | +4.3% | +9.0% | +7.2% |
| May 1, 2024 | After the close | n/a | n/a | n/a | +0.5% | +6.1% | +10.1% |
| Jan 31, 2024 | After the close | n/a | n/a | n/a | +3.0% | +3.9% | +10.2% |
| Nov 15, 2023 | After the close | n/a | n/a | n/a | +1.1% | +3.5% | +4.0% |
Release dates from SEC 8-K filings.
Updated 10/24/2026
Historical statistics for educational purposes only. They are not forecasts and not investment advice.
Price reaction to the news
Latest news on TTEK and what the price did next.
- 3/11/2026PositiveFernbridge Doubles Down on Tetra Tech Stock, Adds 2.05 Million Shares, According to Latest SEC Filing
Published while the US market was open: the move of that day cannot be split into before and after the news, so no figure is shown.
Return of the stock minus return of SPY over the same days. A news item close to a price move did not necessarily cause it. Historical data for educational purposes only, not investment advice.
Latest News
Recent headlines for TTEK.
- 3/11/2026POSITIVEFernbridge Doubles Down on Tetra Tech Stock, Adds 2.05 Million Shares, According to Latest SEC Filing
Fernbridge has significantly increased its stake in Tetra Tech, acquiring an additional 2.05 million shares. This substantial investment, detailed in a recent SEC filing, signals strong conviction from a major institutional investor in Tetra Tech's business model and future prospects. Tetra Tech, which provides consulting and engineering services across water, energy, and infrastructure sectors to government and commercial clients, is likely to see this increased institutional backing as a positive endorsement. Investors may interpret this move as a signal of potential undervaluation or upcoming positive catalysts for TTEK stock.