TTEK · Tetra Tech Inc
Key customers — 37% of revenue (fiscal 2025)
“Approximately 32%, 14%, 17% and 37% of our fiscal 2025 revenue was generated from our U.S. federal government, U.S. state and local government, U.S. commercial and international clients, respectively.”
Key customers — 32% of revenue (fiscal 2025)
“Approximately 32%, 14%, 17% and 37% of our fiscal 2025 revenue was generated from our U.S. federal government, U.S. state and local government, U.S. commercial and international clients, respectively.”
Key customers — 17% of revenue (fiscal 2025)
“Approximately 32%, 14%, 17% and 37% of our fiscal 2025 revenue was generated from our U.S. federal government, U.S. state and local government, U.S. commercial and international clients, respectively.”
Key customers — 14% of revenue (fiscal 2025)
“Approximately 32%, 14%, 17% and 37% of our fiscal 2025 revenue was generated from our U.S. federal government, U.S. state and local government, U.S. commercial and international clients, respectively.”
Key customers — 27% of receivables (fiscal 2025 year-end)
“Approximately 27% of accounts receivable were due from various agencies of the U.S. federal government at fiscal 2025 year-end.”
Price & Indicators
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Metrics snapshot
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AI Brief
Q3 FY26 earnings call · Jul 30, 2026TL;DR. Tetra Tech delivered a strong Q3 FY26 with double-digit growth in U.S. federal and international markets, $208 million in sequential backlog growth to $4.49 billion, and record YTD operating cash flow of $467 million, prompting the company to raise full-year FY26 adjusted EPS guidance to $1.56–$1.59. However, reported revenue declined year-over-year due to USAID/DOS wind-down and prior-year disaster response, and management cited constrained U.S. federal contracting and state/local flood-protection funding as ongoing headwinds.
- + Raised full-year FY26 adjusted EPS guidance to $1.56–$1.59
- + Backlog grew $208M sequentially (up 5%) to $4.49B, second consecutive quarter of backlog growth
- + Record YTD operating cash flow of $467M, up 31% over prior year; 21st consecutive year OCF exceeding net income
- + EBITDA margin on net revenue expanded ~80bps YTD vs. prior year, supporting the 50bps annual margin target
- + Quarterly dividend raised 11% to $0.072/share (45th consecutive double-digit increase) and $100M Q3 buyback executed
- − Reported revenue declined Y/Y due to USAID/DOS wind-down and prior-year disaster response
- − U.S. federal flood-protection co-funding withheld, prompting lawsuits from 20+ states
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Engineering & Construction — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
TTEK
this stock
Tetra Tech Inc
|
$8.68B | -1.8% | +7.7% | 20.4 | 4.3% |
|
PWR
Quanta Services, Inc.
|
$97.59B | +52.2% | +13.4% | 74.4 | 2.1% |
|
FIX
Comfort Systems USA Inc
|
$58.38B | +77.2% | -73.9% | 40.8 | 2.4% |
|
FER
Ferrovial N.V.
|
$40.22B | -16.3% | — | — | 0.6% |
|
EME
EMCOR Group, Inc.
|
$33.62B | +23.3% | +16.6% | 23.7 | 2.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| TTEK | -5.6% | -7.8% | +6.8% | -8.8% | -1.8% |
| SPY | -0.7% | +0.1% | +12.2% | -0.6% | +11.8% |
| vs SPY | -4.9% | -7.9% | -5.4% | -8.3% | -13.6% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.