TTEK
Tetra Tech, Inc.

Tetra Tech, Inc.TTEK

Industrials · Engineering & Construction
36.87USD
-0.70%
Oct 28, 2026
TTEK overview ready
Provider of Environmental Consulting and Engineering for Water Infrastructure Resilience
Tetra Tech is a direct professional-services beneficiary: it provides front-end science, environmental consulting, water-resource analysis, engineering design, digital-water capabilities, and program management for public-sector and commercial water, environmental, and resilient-infrastructure projects.
Narrative is still early
Exposed to the Water Infrastructure Modernization and Resilience narrative through Water Infrastructure Engineering, Resilience and Environmental Services — enabling…
An early price trend
Longer-term context reads early trend, with a near-term setup of daily reclaim.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Dependence on government contract funding.
Market Oct 27Filing Jun 28Price action Aug 9Research Aug 3

Conviction Level

CompanyFit8.0PriceAction8.6Valuation4.1CompanyPosition7.3BusinessQuality8.6

Conviction uses Company Fit, Price Action, Valuation, Business Quality. Company Position is research context, not an input.

Theme leadershipGroup context · not a Conviction input
vs SPY
+1.6pp
Theme return
+2.2%
Beating SPY
5 of 9
21 sessions to Oct 27, 2026 · ranked 23 of 59 themes
Price
Loading price history…

Price Action

An early price trend
Longer-term context reads early trend, with a near-term setup of daily reclaim.
EntryBreakout + retest

Price broke through the weekly SMA200, then retested it constructively and recovered — a fresh structural entry rather than a chase.

Key Financials

Market Cap
$9.4B
Avg Volume (60D)
2.0M
60 sessions
Revenue Growth YoY
+4.7%
FY2025 vs FY2024
Gross Margin
+18.8%
Trailing twelve months
Operating Margin
+12.1%
Trailing twelve months
Free Cash Flow Yield
+5.8%
P/E
21.6x
EV / EBITDA
15.0x
EV / Sales
2.0x
Market metrics as of Oct 27, 2026
Financial results for the period ended Jun 28, 2026
Filed balance-sheet data as of Jun 28, 2026

Fundamentals & Valuation

Two of the three valuation perspectives say fair; own history is the dissenting view.
Tetra Tech, Inc. has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

Company Research

Thesis
Tetra Tech is a direct professional-services beneficiary: it provides front-end science, environmental consulting, water-resource analysis, engineering design, digital-water capabilities, and program management for public-sector and commercial water, environmental, and resilient-infrastructure projects.
Opportunity
Moderate opportunity
Municipal, utility, government, and commercial spending on water-supply reliability, wastewater and stormwater systems, flood and coastal resilience, environmental compliance, and the planning, design, permitting, and program-management work required to execute those projects.
Key risk
Dependence on government contract funding.

Economic classification

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Business & Markets

Industrials · Engineering & Construction
What they do

Tetra Tech provides consulting and engineering services focused on water, environmental, and sustainable infrastructure projects, operating through government and commercial/international segments.

How it earns

The company generates revenue primarily through project-based consulting and engineering contracts.

Products & services
Water resources analysis and management
Environmental monitoring and data analytics
Government consulting
Waste management
Civil infrastructure master planning and resilient engineering design
Customers & end markets
Government agencies
Commercial and international clients
Market position

Tetra Tech is a recognized leader in environmental and infrastructure consulting services with a strong government client base.

Demand drivers
Medium cyclicality

Business is influenced by government spending cycles and commercial infrastructure investment trends.

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