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Tetra Tech

TTEK

Tetra Tech is a leading global provider of high-end consulting and engineering services specializing in water, environment, and sustainable infrastructure.

Market cap
$8.28B-15.4%
Revenue$5.1B-6.1%
Net income$440.6M+134%
Free cash flow$668.3M+186%
EPS (diluted)$1.67+142%
Trailing twelve months · change vs. prior year

Earnings

Q3 2026 report

July 29, 2026

Next report

Date not yet announced

Financials

Q2 2026

Income statement

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Revenue$1.2B-7.7%
Gross profit$1.0B-4.9%
Operating income$131.5M+232%
Net income$93.8M+1,641%
EPS (diluted)$0.36+1,700%

Balance sheet

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Cash & equivalents$223.6M+24.6%
Total debt$1.1B-9.3%
Total equity$1.9B+18.4%
Total assets$4.4B+4.3%

Cash flow

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Operating cash flow$165.3M
CapEx$6.0M+7.2%
Free cash flow$159.4M+1,496%

Valuation & ratios

Valuation

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Market cap$8.28B-15.4%
Enterprise value$9.16B-14.6%
P/E18.8×-27.0×
P/S1.6×-0.2×

Profitability

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Gross margin122.2%+8.2pp
Operating margin12.1%+5.9pp
Net margin8.6%+5.1pp
FCF margin13%+8.7pp

Returns & leverage

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Return on equity25.6%+13.7pp
Debt / equity0.6×-0.2×
Current ratio1.3×+0.2×

Segments

By segment

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CIG$676.1M+6.0%
GSG$559.4M-20.0%

Competitors

Profile

Tetra Tech is a leading global provider of high-end consulting and engineering services specializing in water, environment, and sustainable infrastructure. The company leverages its 'Leading with Science' approach to provide innovative technical solutions, advanced analytics, and digital technology for complex public and private sector projects. Its core value proposition centers on addressing global challenges related to water security, climate change mitigation, and resilient infrastructure through a combination of domain expertise and proprietary digital tools.

Competitive position

A market leader in water treatment and desalination, ranked #1 by Engineering News-Record for over a decade, with a strong emphasis on high-end technical differentiation through its Tetra Tech Delta technology suite.

GeographiesUnited States, Canada, United Kingdom, Australia, Europe, Asia Pacific, South America
Customer segmentsGovernment, Enterprise, Utilities
Business modelProfessional Services, Fixed-price contracts, Time-and-materials, Subscription SaaS
SuppliersTechnical and professional labor force, Software and IT infrastructure providers, Specialized scientific equipment manufacturers, Subcontractors and field service providers
CustomersUnited States Agency for International Development (USAID), U.S. Department of Defense (DoD), Federal Aviation Administration (FAA), Municipal water and waste authorities, Fortune 500 industrial and energy companies
Listed1991
Employees27.0K
CEORoger R. Argus
FilingsSEC EDGAR

Questions, answered.

What is Tetra Tech's market cap?
Tetra Tech (TTEK) has a market capitalization of $8.3B and trades on NASDAQ.
What is Tetra Tech's revenue and profitability?
Tetra Tech generated $5.1B in trailing twelve-month revenue with net income of $440.6M, representing a net margin of 8.6%. Gross margin stands at 122.2%, with free cash flow of $668.3M. These figures are based on the Q1 2026 filing.
Who are Tetra Tech's competitors?
Tetra Tech's key competitors include Booz Allen Hamilton, AECOM, Jacobs Solutions, Inc., and others. These companies compete in similar markets and product categories.
Who does Tetra Tech partner with?
Tetra Tech's notable partners include United States Agency for International Development, Federal Aviation Administration.
What subsidiaries does Tetra Tech have?
Tetra Tech's subsidiaries include RPS Group plc, SAGE Group Holdings, LS Technologies, and others.
Where is Tetra Tech headquartered?
Tetra Tech is headquartered in United States of America and employs approximately 27,000 people. It has been publicly traded since 1991.