TTEK
Tetra Tech, Inc.
TTEK's fundamentals are strong: its operating margin rose 5 points to 12% and earnings per share more than doubled, though revenue fell 7.6%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
TTEK Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Healthy | |
| Healthy |
TTEK's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
TTEK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 23x | $39.43 | — |
| Forward | 23x | $39.43 | — |
| Cheap | 26x | $43.51 | +10% |
| Fair | 33x | $54.13 | +37% |
| Expensive | 42x | $70.31 | +78% |
Historical ranges are pointers, not guarantees.
TTEK's PE is 23x, but its earnings don't support one, so it isn't a reliable read right now.
TTEK Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for TTEK, with profitability improving.
TTEK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.71 | +3.1% |
| Q2 2026 | $1.66 | +107% |
| Q1 2026 | $1.67 | +142% |
| Q4 2025 | $1.33 | +40% |
| Q3 2025 | $0.93 | -24% |
| Q2 2025 | $0.80 | -26% |
| Q1 2025 | $0.69 | -30% |
| Q4 2024 | $0.95 | +10% |
| Q3 2024 | $1.23 | +21% |
TTEK earned $1.66 per share over the past year, up 107% from the year before.
TTEK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.3B | -4.5% |
| Q1 2026 | $1.2B | -7.7% |
| Q4 2025 | $1.2B | -15% |
| Q3 2025 | $1.3B | -3.2% |
| Q2 2025 | $1.4B | +1.9% |
| Q1 2025 | $1.3B | +5.6% |
| Q4 2024 | $1.4B | +16% |
| Q3 2024 | $1.4B | +9% |
TTEK's revenue is shrinking: $1.3B last quarter, down 4.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 12% | 0 points |
| Q1 2026 | 11% | +7.8 points |
| Q4 2025 | 12% | +10 points |
| Q3 2025 | 14% | +3.2 points |
| Q2 2025 | 12% | +2.5 points |
| Q1 2025 | 3% | -6.4 points |
| Q4 2024 | 1.6% | -7.4 points |
| Q3 2024 | 10% | +1.9 points |
TTEK's operating margin was 12% last quarter, about level with the same quarter a year ago, near the top of its range since 2019.
TTEK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $225.1M | -35% |
| Q1 2026 | $159.4M | +$171.1M |
| Q4 2025 | $68.1M | +607% |
| Q3 2025 | $95.6M | -3.2% |
| Q2 2025 | $345.6M | +152% |
| Q1 2025 | -$11.8M | -112% |
| Q4 2024 | $9.6M | +66% |
| Q3 2024 | $98.8M | -12% |
TTEK generated $548M in free cash flow over the past year, up 24% from the year before.
TTEK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -2.1M shares |
| 1 year | -1.9% | -5.1M shares |
| 3 years | -3.2% | -8.5M shares |
| 5 years | -5% | -13.6M shares |
| Available history | -6.6% | -18.3M shares |
TTEK has 260M diluted shares, down 1.9% from a year ago, with $252M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $100M |
| Q1 2026 | $52M |
| Q4 2025 | $50M |
| Q3 2025 | $50M |
| Q2 2025 | $25M |
| Q1 2025 | $150M |
| Q4 2024 | $25M |
| Q3 2023 | — |
TTEK spent $252M buying back its own shares over the past year.
TTEK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.9x | Very low |
| Q1 2026 | 1.0x | Very low |
| Q4 2025 | 1.0x | Very low |
| Q3 2025 | 1.3x | Healthy |
| Q2 2025 | 1.4x | Healthy |
| Q1 2025 | 2.1x | Moderate |
| Q4 2024 | 1.3x | Healthy |
| Q3 2024 | 1.0x | Healthy |
TTEK's net debt is less than a year of its operating earnings (EBITDA), down from 1.4 years a year ago.
TTEK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 65.3 | Neutral |
| Stochastic | 86.5 | Overbought |
TTEK's weekly RSI is 65 (neutral) and its Stochastic is 87 (overbought).
TTEK PE vs Industrials Sector
| Metric | TTEK | Sector median | Relative |
|---|---|---|---|
| PE | 23x | 24x | 2.9% below |
| PE % | 9 | 58 | 49 pts below |
TTEK is trading at 23x earnings, in line with the Industrials sector's median of 24x, though its earnings don't support one.
TTEK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $36.3 | 8.6% above |
| 20 week MA | $35.1 | 12% above |
| 50 week MA | $33.6 | 17% above |
| 100 week MA | $34.1 | 16% above |
| 200 week MA | $35.1 | 12% above |
TTEK has climbed back above all five of its weekly moving averages, and it's now 12% above its 200-week average.
TTEK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $17.3 | $23.1 | +34% |
| 2021 | $23.1 | $33.6 | +45% |
| 2022 | $33.6 | $29.8 | -11% |
| 2023 | $29.8 | $33.4 | +12% |
| 2024 | $33.4 | $39.8 | +19% |
| 2025 | $39.8 | $34.0 | -15% |
| 2026 YTD | $34.0 | $39.4 | +16% |
TTEK has finished higher in four of the last six years. It's up 16% so far in 2026.