Tetra Tech, Inc.

NasdaqGS:TTEK Stock Report

Market Cap: US$9.1b

Tetra Tech Future Growth

Future criteria checks 2/6

Tetra Tech is forecast to grow earnings and revenue by 4.2% and 3.3% per annum respectively. EPS is expected to grow by 5% per annum. Return on equity is forecast to be 21.8% in 3 years.

Key information

4.2%

Earnings growth rate

4.98%

EPS growth rate

Commercial Services earnings growth13.8%
Revenue growth rate3.3%
Future return on equity21.80%
Analyst coverage

Good

Last updated03 Aug 2026

Recent future growth updates

Analysis Article • Aug 05

Tetra Tech, Inc. Just Beat EPS By 6.3%: Here's What Analysts Think Will Happen Next

Tetra Tech, Inc. ( NASDAQ:TTEK ) investors will be delighted, with the company turning in some strong numbers with its...

Recent updates

Analysis Article • Aug 05

Tetra Tech, Inc. Just Beat EPS By 6.3%: Here's What Analysts Think Will Happen Next

Tetra Tech, Inc. ( NASDAQ:TTEK ) investors will be delighted, with the company turning in some strong numbers with its...
Seeking Alpha • Aug 04

Tetra Tech: Market Leadership In Water

Summary Tetra Tech is a global leader in water-focused engineering and consulting, driven by aggressive acquisitions and robust organic growth. TTEK demonstrates outstanding dividend safety with an 11-year growth streak, a low payout ratio (~18%), and rising free cash flow, but offers a low yield (~0.87%). Despite trading below historical valuation averages (21.1x FY26E EPS vs. 29–32x norm), TTEK is only slightly undervalued, warranting a 'hold' rating. Federal government contract volatility and acquisition execution remain key risks, while water demand—especially from data centers—continues to drive long-term growth. Read the full article on Seeking Alpha
Narrative Update • Jul 24

TTEK: Future Premium P/E Will Rely On Expanding Water Infrastructure Backlog

Analysts have adjusted their price target on Tetra Tech to $39.50 from $40.83, reflecting updated views on fair value, revenue growth expectations, profit margins, and future P/E assumptions. What’s in the News Tetra Tech was selected by the City of Dayton’s Department of Water to design advanced treatment solutions for what is described as the largest dedicated PFAS water treatment facility in the United States.
New Narrative • Jul 13

Slow Infrastructure Funding And Data Center Constraints Will Eventually Support Modest Upside Potential

Catalysts About Tetra Tech Tetra Tech provides consulting, engineering and technical services focused on water, environmental projects and sustainable infrastructure for government, commercial and international clients. What are the underlying business or industry changes driving this perspective?
Analysis Article • Jun 19

Tetra Tech (TTEK) Stock Could Be 46% Below Fair Value After Scotland Excel Win

Tetra Tech (TTEK) stock is back in focus after Scotland Excel awarded the company positions across all nine service lots in its Engineering and Technical Consultancy Framework, a 4 year infrastructure and resiliency contract. See our latest analysis for Tetra Tech. Despite the Scotland Excel award highlighting fresh contract momentum, Tetra Tech’s share price has been weak recently, with the stock down 10% over 90 days and the 1 year total shareholder return declining 21.63%. If this kind of...
Narrative Update • Jun 18

TTEK: Future Premium P/E Will Depend On Long Term Infrastructure Backlog

Analysts modestly adjusted their Tetra Tech price target by $1, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E that they see as better aligning the stock with current research views. Analyst Commentary Recent research on Tetra Tech stock reflects a mix of optimism and caution, with the $1 price target adjustment capturing both supportive and more reserved views on valuation, execution, and growth assumptions.
Narrative Update • Jun 03

TTEK: Future Premium P/E Will Rest On Sustained Margin And Backlog Strength

Analysts made a small adjustment to their Tetra Tech price target, moving it by $1 as they fine tuned their assumptions around the discount rate, revenue growth, profit margin, and future P/E expectations. Analyst Commentary Recent research around Tetra Tech centers on small moves in the price target, with analysts fine tuning assumptions rather than making a major shift in stance.
Narrative Update • May 16

TTEK: Future Premium P/E Assumptions Will Reflect Resilient Margin Expectations

Narrative Update The analyst price target for Tetra Tech has been adjusted slightly lower by $0.33 to reflect updated views on fair value, revenue growth, profit margins, and future P/E assumptions discussed in recent research. Analyst Commentary Recent research updates around Tetra Tech focus on how current execution lines up with prior expectations for revenue growth, profitability, and the P/E multiple used in valuation models.
Narrative Update • Apr 23

TTEK: Future Premium P/E And Margin Assumptions Will Support Upside

Analysts have trimmed their price target on Tetra Tech by about $1 to around $41. They cited updated views on fair value, a slightly higher discount rate, revised revenue growth expectations, and a modestly higher projected profit margin and future P/E.
Narrative Update • Apr 08

TTEK: Lower Discount Rate And Higher Margin Assumptions Will Support Future Upside

Analysts have increased their price target on Tetra Tech by $2, citing updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions reflected in recent research. Analyst Commentary Analysts lifting their price target by $2 are signaling an updated view of where Tetra Tech’s shares might sit relative to their assessment of fair value.
Narrative Update • Jan 22

TTEK: Conservative FY26 Guidance And Low Leverage Will Support Future Upside

Narrative Update: Tetra Tech Analyst Target Revision Analysts have nudged their price target on Tetra Tech up by $1 to $48, citing the recent Q4 earnings beat, in-line but viewed as conservative FY26 guidance, and the company's current leverage of 0.9, which they see as providing room for further M&A activity. Analyst Commentary Analysts are reacting to Tetra Tech's Q4 earnings beat and updated FY26 outlook by fine tuning their expectations, with the new US$48 target framed as a measured adjustment rather than a wholesale re-rating.
Narrative Update • Jan 07

TTEK: Conservative FY26 Outlook And M&A Capacity Will Support Future Upside

Narrative Update Analysts have lifted their price target on Tetra Tech by $1 to $48, citing the recent Q4 earnings beat, in-line but viewed as conservative FY26 guidance, and balance sheet flexibility for M&A with leverage at 0.9 exiting Q4. Analyst Commentary Recent research updates around Tetra Tech center on the modest price target lift to $48, the Q4 earnings beat, and what conservative FY26 guidance might signal for execution and valuation.
Analysis Article • Jan 02

These 4 Measures Indicate That Tetra Tech (NASDAQ:TTEK) Is Using Debt Safely

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Narrative Update • Dec 22

TTEK: Conservative FY26 Outlook Will Support Upside Through M&A Execution

Analysts have raised their price target on Tetra Tech modestly, from $47.00 to $48.00, citing confidence that conservative FY26 guidance, solid Q4 execution, and financial flexibility for M&A support the company’s ability to meet longer term growth and margin objectives, despite at least one recent downgrade to Neutral. Analyst Commentary Street research remains broadly constructive on Tetra Tech, with recent notes highlighting a mix of optimism around execution and balance sheet strength, alongside some caution that recent outperformance and valuation already discount a fair amount of the long term growth story.
Narrative Update • Dec 08

TTEK: Earnings Beat And M&A Flexibility Will Drive Upside Ahead

The analyst price target for Tetra Tech has inched up by $1 to $48 as analysts cite a conservative but achievable long term outlook, supported by a recent earnings beat and balance sheet flexibility for continued M&A. Analyst Commentary Analyst sentiment around Tetra Tech reflects a generally constructive long term view, tempered by near term caution on valuation and the pace of execution against its multi year growth targets.
Analysis Article • Nov 28

Tetra Tech's (NASDAQ:TTEK) Soft Earnings Don't Show The Whole Picture

Tetra Tech, Inc.'s ( NASDAQ:TTEK ) recent soft profit numbers didn't appear to worry shareholders, as the stock price...
Narrative Update • Nov 24

TTEK: Mergers And Acquisitions Flexibility Will Unlock Upside Through 2026

Analysts have moderately lowered their fair value estimate for Tetra Tech to $42.17 from $42.60. They cite stable profit margins and a slight increase in the discount rate as reasons for the adjustment.
Analysis Article • Nov 22

Tetra Tech (NASDAQ:TTEK) Is Paying Out A Dividend Of $0.065

The board of Tetra Tech, Inc. ( NASDAQ:TTEK ) has announced that it will pay a dividend on the 12th of December, with...
Narrative Update • Nov 06

TTEK: Long-Term Demand Trends Will Drive Shareholder Value Through 2030

Analysts have slightly lowered their price target for Tetra Tech to $47 from $48, citing discussions on long-term demand trends and confidence in the company's ability to achieve its stated financial objectives by 2030. Analyst Commentary Recent analyst notes on Tetra Tech reveal a mix of confidence in the company’s strategic execution and caution regarding near-term valuation and growth prospects.
Narrative Update • Oct 23

Analysts Weigh Tetra Tech’s Growth Prospects Amid New Guidance and Slight Valuation Adjustments

Analysts have slightly lowered their price target for Tetra Tech from $48 to $47. This change reflects updated discussions around long-term growth prospects and recent adjustments in financial projections.
Narrative Update • Oct 08

Water Sustainability And Digital Automation Will Generate Lasting Impact

Analysts have lowered their fair value estimate for Tetra Tech from $43.60 to $42.60. This change reflects a modestly reduced revenue outlook, while maintaining confidence in the company’s ability to sustain long-term margin improvements.
Analysis Article • Sep 30

Tetra Tech (NASDAQ:TTEK) Has A Rock Solid Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Earnings and Revenue Growth Forecasts

NasdaqGS:TTEK - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
9/30/20284,6254845145301
9/30/20274,5434334484907
9/30/20264,3544234915557
6/28/20264,359436547567N/A
3/29/20264,403440668688N/A
12/28/20254,457352498517N/A
9/28/20254,617248439458N/A
6/29/20254,599216443462N/A
3/30/20254,555188234254N/A
12/29/20244,504259344363N/A
9/29/20244,322333341359N/A
6/30/20244,235291355376N/A
3/31/20244,113265343368N/A
12/31/20234,030232327353N/A
10/1/20233,751273342368N/A
7/2/20233,430303287306N/A
4/2/20233,163301257272N/A
1/1/20232,893311265279N/A
10/2/20222,836263326336N/A
7/3/20222,809263343354N/A
4/3/20222,726256315324N/A
1/2/20222,626249345354N/A
10/3/20212,552233296304N/A
6/27/20212,433195285294N/A
3/28/20212,355188326337N/A
12/27/20202,340179303314N/A
9/27/20202,349174250262N/A
6/28/20202,386141274290N/A
3/29/20202,449144N/A192N/A
12/29/20192,450164N/A206N/A
9/29/20192,390159N/A209N/A
6/30/20192,315176N/A223N/A
3/31/20192,262160N/A261N/A
12/30/20182,209133N/A228N/A
9/30/20182,201137N/A186N/A
7/1/20182,182143N/A143N/A
4/1/20182,110139N/A111N/A
12/31/20172,089137N/A139N/A
10/1/20172,034118N/A141N/A
7/2/20172,031115N/A124N/A
4/2/20172,031110N/A162N/A
1/1/20171,99887N/A60N/A
10/2/20161,92984N/A142N/A
6/26/20161,82521N/A119N/A
3/27/20161,74921N/A168N/A
12/27/20151,70337N/A181N/A
9/27/20151,71939N/A163N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TTEK's forecast earnings growth (4.2% per year) is above the savings rate (3.7%).

Earnings vs Market: TTEK's earnings (4.2% per year) are forecast to grow slower than the US market (17.4% per year).

High Growth Earnings: TTEK's earnings are forecast to grow, but not significantly.

Revenue vs Market: TTEK's revenue (3.3% per year) is forecast to grow slower than the US market (13.6% per year).

High Growth Revenue: TTEK's revenue (3.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TTEK's Return on Equity is forecast to be high in 3 years time (21.8%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/21 04:01
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/28
Annual Earnings2025/09/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Tetra Tech, Inc. is covered by 23 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew WittmannBaird
Samuel EnglandBerenberg
Christopher PurtillBrean Capital Historical (Janney Montgomery)