Tetra Tech
Solving water, environmental and infrastructure challenges through consulting and engineering.
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Profile
Delivers consulting and engineering services focused on water, the environment and sustainable infrastructure. Work is organized between U.S. government and development-agency services and commercial and international clients, with strategic acquisitions broadening capabilities in areas including automation and program management.
Addresses water, environmental and sustainable-infrastructure needs through consulting and engineering. Scientists, engineers and technical specialists work across the project life cycle under the company’s Leading with Science® approach.
Government Services Group (GSG) serves U.S. government clients and worldwide development-agency activity. Commercial/International Group (CIG) serves commercial and international clients, giving the business a public-sector and commercial mix across a global footprint.
Strategic acquisitions and internal growth have expanded the capability mix beyond legacy engineering, adding environmental and water work alongside cyber, data, automation, program management and consulting. The operating model is built around those two client groups and its stated focus on water, environment and sustainable infrastructure.
Company facts
Categories
Key statistics
Year to date +8.6% · Average volume (30d) 2.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 30, 2026 | Robert W. Baird | Target | $35 | $37 | ||
| Apr 30, 2026 | Robert W. Baird | Target | $43 | $35 | ||
| Jan 29, 2026 | Robert W. Baird | Target | $47 | $43 | ||
| Nov 14, 2025 | RBC Capital | Reiterate | Outperform | $47 | $48 | |
| Sep 29, 2025 | RBC Capital | Reiterate | Outperform | $49 | $47 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q3 FY26 | $0.40 | $0.42 | +5.9% | $1.08B | $1.11B | +2.7% | −3.94% |
| Apr 29, 2026Q2 FY26 | $0.31 | $0.34 | +9.7% | $1.00B | $1.05B | +4.7% | +1.41% |
| Jan 28, 2026Q1 FY26 | $0.31 | $0.35 | +12.9% | $975.6M | $1.04B | +6.3% | +3.02% |
| Nov 12, 2025Q4 FY25 | $0.40 | $0.45 | +11.6% | $1.06B | $1.33B | +25.0% | +15.29% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.10B | $1.15B | $1.33B | $1.21B | $1.22B | $1.31B | |
| Gross profit | $214.2M | $251.5M | $274.1M | $220.4M | $214.1M | $243.2M | |
| Operating income | $39.6M | $165.0M | $171.6M | $141.0M | $131.5M | $157.9M | |
| Net income | $5.4M | $113.8M | $127.7M | $105.2M | $93.6M | $109.6M | |
| Diluted EPS | $0.02 | $0.43 | $0.48 | $0.40 | $0.36 | $0.42 | |
| Gross margin | 19.4% | 21.8% | 20.6% | 18.2% | 17.5% | 18.6% | |
| Operating margin | 3.6% | 14.3% | 12.9% | 11.6% | 10.8% | 12.1% |
Fiscal years (4-quarter sums)FY21 $2.55B · FY22 $2.84B · FY23 $3.75B · FY24 $4.32B · FY25 $4.78B
Revenue by product · Q3 FY26
Revenue by geography · FY25
Balance sheet, Jun 28, 2026Cash & short-term investments $230.8M · Total debt $1.02B · Total assets $4.39B · Shareholders' equity $1.85B
Dividends
Raised for 10 straight years — most recently to $0.072 from $0.065 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 13, 2026 | Aug 13 | Aug 27 | $0.072 | |
| May 14, 2026 | May 14 | Jun 2 | $0.072 | raised from $0.065 |
| Feb 12, 2026 | Feb 12 | Feb 27 | $0.065 | |
| Dec 1, 2025 | Dec 1 | Dec 12 | $0.065 | |
| Aug 15, 2025 | Aug 15 | Aug 29 | $0.065 | |
| May 23, 2025 | May 23 | Jun 5 | $0.065 | raised from $0.058 |
| Feb 12, 2025 | Feb 12 | Feb 26 | $0.058 | |
| Nov 27, 2024 | Nov 27 | Dec 13 | $0.058 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 259.52M · Float 258.21M · 99.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 28.68M | 11.05% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 12.47M | 4.80% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 11.73M | 4.52% | 13F | Aug 13, 2026 |
| Capital International Investors | 11.65M | 4.49% | 13F | Aug 12, 2026 |
| State Street Corp | 9.76M | 3.76% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 15, 2026 | Jeffrey R. Feeler | director | +1,900 | $26.41 |
| Feb 4, 2026 | Brian N. Carter | officer: SVP, Corporate Controller | −9,979 | $40.23 |
Peers
- AECOM
Water, environment, and infrastructure delivery at global scale
- Jacobs Solutions
Water and environmental infrastructure consulting across the lifecycle
- Stantec
Sustainable engineering and environmental consulting with water scale
- ICF
Environmental, policy, and technology consulting for public programs
- Booz Allen Hamilton
Federal technology and engineering services for mission programs
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Tetra Tech | $36.54 | 0.00% | $9.48B | 22.0 | 21.6 | 1.9 | −19.0% |
| AECOM | $69.38 | +0.29% | $8.89B | 31.7 | 11.2 | 0.6 | −61.5% |
| Jacobs Solutions | $151.98 | −0.01% | $17.95B | 53.3 | 18.9 | 1.3 | −20.2% |
| Stantec | $75.10 | +0.40% | $8.53B | 23.4 | 22.1 | 1.5 | −13.1% |
| ICF | $90.22 | +0.03% | $1.63B | 18.7 | 12.1 | 0.9 | −0.4% |
| Booz Allen Hamilton | $75.24 | −0.05% | $9.05B | 11.8 | 12.0 | 0.8 | −4.2% |
| Median | 23.4 | 12.1 | 0.9 | −13.1% |