Tetra Tech, Inc. (TTEK) SEC Filings & Earnings Calls
EquiReason read 14 Tetra Tech, Inc. SEC filings in the last 12 months. Latest: 8-K on 2026-09-10 — Board authorized a $500 million increase to share repurchase program, signaling capital return commitment..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 9.5B
- P/E TTM
- 22.3
- Dividend yield
- 0.7%
- 52-week
- —
- Next earnings
- 11 Nov, in 18 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
31 Jul 202610-QTetra Tech reported Q3 FY2026 results with revenue down 9.1% YTD due to USAID contract cancellations, but adjusted EPS flat at $1.11 and backlog grew to $4.5B.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q3-2026 | $3.74B | -9% y/y |
| Net income attributable to Tetra Tech · Q3-2026 | $308M | +157% y/y |
| Diluted earnings per share · Q3-2026 | $1.18 | +162% y/y |
| Adjusted EPS · Q3-2026 | $1.11 | 0% y/y |
| Backlog · 2026-06-28 | $4.49B | |
| Cash and cash equivalents · 2026-06-28 | $231M | +38% y/y |
| Operating cash flow · Q3-2026 | $467M | +31% y/y |
| GSG Revenue · GSG · Q3-2026 | $1.68B | -23% y/y |
| CIG Revenue · CIG · Q3-2026 | $2.11B | +8% y/y |
| GSG Operating Income · GSG · Q3-2026 | $229M | -16% y/y |
Guidance
Expect US federal revenue to grow for remainder of fiscal year excluding USAID/DOS and disaster response; expect US state/local government to continue to grow; expect international work to continue to grow; expect US commercial excluding renewable energy to grow in Q4
Management expects growth in US federal (ex-USAID/disaster), state/local, international, and US commercial (ex-renewable) segments for the remainder of fiscal 2026.
Risks flagged
USAID Contract Cancellation
“On February 27, 2025, U.S. Secretary of State Rubio announced the cancellation of 83% of United States Agency for International Development ("USAID") programs, totaling approximately 5,200 contracts.” · word for word
Disaster Response Revenue Volatility
“Our year-over-year revenue comparisons include lower disaster response activity in both of our U.S. government client sectors.” · word for word
29 Jul 20268-K · 2.02, 8.01Revenue $1.31B; Net revenue $1.11B (+8% y/y); Operating income $158M; Guidance: FY2026 adjusted EPS guidance raised to $1.56-$1.59; net revenue narrowed to $4.315B-$4.365Bearningsopen
Figures in the filing · each found in the filing text
| Revenue · Q3-2026 | $1.31B | |
| Net revenue · Q3-2026 | $1.11B | +8% y/y |
| Operating income · Q3-2026 | $158M | |
| EBITDA · Q3-2026 | $173M | |
| EPS · Q3-2026 | $0.42 | |
| Backlog · Q3-2026 | $4.49B | |
| Cash from operations · Q3-2026 | $229M | |
| Quarterly dividend per share · Q3-2026 | $0.07 | +11% y/y |
Guidance
FY2026 adjusted EPS guidance raised to $1.56-$1.59; net revenue narrowed to $4.315B-$4.365B
Raised full-year guidance on strong YTD performance; Q4 outlook also above expectations.
Risks flagged
Exposure to USAID/DOS funding; backlog growth dependent on government contracts.
“Net revenue increased 8% Y/Y excluding USAID/DOS and episodic disaster response” · word for word
1 May 202610-QRevenue $2.43B (-11% y/y); Net income attributable to Tetra Tech $199M (+3138% y/y); Backlog $4.28Bopen
Figures in the filing · each found in the filing text
| Revenue · H1-FY2026 | $2.43B | -11% y/y |
| Net income attributable to Tetra Tech · H1-FY2026 | $199M | +3138% y/y |
| Backlog · 2026-03-29 | $4.28B | |
| Revenue - GSG · GSG · H1-FY2026 | $1.08B | -27% y/y |
| Revenue - CIG · CIG · H1-FY2026 | $1.38B | +8% y/y |
| Operating income - GSG · GSG · H1-FY2026 | $146M | -15% y/y |
| Operating income - CIG · CIG · H1-FY2026 | $151M | +9% y/y |
| Cash and cash equivalents · 2026-03-29 | $224M | |
| Operating cash flow · H1-FY2026 | $238M | +3182% y/y |
| Adjusted EPS · H1-FY2026 | $0.69 | +2% y/y |
Guidance
Management expects U.S. federal revenue to grow excluding USAID/DOS and disaster response. State/local and international growth expected to continue. GSG operating margin improved and expected to remain strong due to better project mix.
Risks flagged
USAID contract cancellation impact
“Following a six-week review, on February 27, 2025, U.S. Secretary of State Rubio announced the cancellation of 83% of United States Agency for International Development ("USAID") programs, totaling approximately 5,200 contracts.” · word for word
Legal contingency costs
“The first half of fiscal 2025 also excludes a non-recurring charge of $115.0 million related to legal contingencies as described in Note 16, "Commitments and Contingencies"” · word for word
29 Apr 20268-K · 2.02, 8.01Revenue $1.22B; Net revenue $1.05B; Operating Income $132M; Guidance: FY26 net revenue guidance raised to $4.25B-$4.40B (from prior range not disclosed); adjusted EPS raised to $1.50-$1.58earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q2-2026 | $1.22B | |
| Net revenue · Q2-2026 | $1.05B | |
| Operating Income · Q2-2026 | $132M | |
| EBITDA · Q2-2026 | $146M | |
| EPS · Q2-2026 | $0.36 | |
| Adjusted EPS · Q2-2026 | $0.34 | |
| Backlog · Q2-2026 | $4.28B | |
| Cash from operations · Q2-2026 | $165M | |
| Cash from operations TTM · TTM | $688M | |
| DSO · Q2-2026 | 58 |
Guidance
FY26 net revenue guidance raised to $4.25B-$4.40B (from prior range not disclosed); adjusted EPS raised to $1.50-$1.58
Tetra Tech raised FY26 guidance on strong Q2 results, backlog growth, and positive demand trends across water, environment, defense, and data center end markets.
Risks flagged
Exposure to USAID/DOS and disaster-related revenue declines; net revenue growth of 8% Y/Y excludes these segments, implying potential headwinds if those areas remain weak.
“Net revenue increased 8% Y/Y excluding USAID / DOS and disasters.” · word for word
Dependence on government contracts (USACE, USAF, US Navy, DLA) which are subject to budget uncertainty and procurement cycles.
“Key wins include multiple U.S. federal contracts; any slowdown in federal spending could impact future backlog.”
Forward-looking statements caution about risks including subcontractor costs, transaction impacts, and market conditions.
“These statements are forward-looking, and the actual results could differ materially. These statements do not include the potential impact of transactions that may be completed or developments that become evident after the date of this release.” · word for word
26 Mar 20268-K · 5.02, 8.01Annual retainer $110,000.00; meeting fee $2,000.00; annual long-term equity award $175,000.00open
Figures in the filing · each found in the filing text
| annual retainer · FY2026 | $110000.00 | |
| meeting fee · FY2026 | $2000.00 | |
| annual long-term equity award · FY2026 | $175000.00 |
30 Jan 202610-QTetra Tech reported Q1 FY2026 results with a 14.8% revenue decline due to USAID contract cancellations, but adjusted EPS flat YoY and operating margins improved.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $1.21B | -15% y/y |
| Net income attributable to Tetra Tech · Q1-2026 | $105M | |
| Cash and cash equivalents · 2025-12-28 | $269M | |
| Backlog · 2025-12-28 | $3.95B | |
| Operating cash flow · Q1-2026 | $72M | +453% y/y |
Guidance
Expect no significant USAID/DOS revenue in remainder of FY2026; expect U.S. federal revenue to grow excluding USAID; expect U.S. commercial revenue excluding renewable energy to grow in H2; expect int
Management expects U.S. federal revenue to grow excluding USAID, U.S. commercial ex-renewables to grow in H2, and international growth to continue, but USAID revenue is expected to be negligible.
Risks flagged
USAID contract cancellation risk
“We currently expect no significant USAID/DOS revenue in the remainder of fiscal 2026.” · word for word
Disaster response revenue volatility
“Our U.S. state and local government revenue declined 15.5% compared to the fiscal 2025 quarter due to decreased disaster response activity primarily related to Hurricanes Helene and Milton.” · word for word
Renewable energy activity decline
“Our U.S. commercial revenue declined 3.5% in the first quarter of fiscal 2026 primarily due to lower activity related to renewable energy.” · word for word
28 Jan 20268-K · 2.02, 8.01Revenue $1.21B; Net Revenue $1.04B; Operating Income $141M; Guidance: FY26 net revenue $4.15B-$4.30B (from prior range not given but raised), adjusted EPS $1.46-$1.56earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $1.21B | |
| Net Revenue · Q1-2026 | $1.04B | |
| Operating Income · Q1-2026 | $141M | |
| Adjusted EBITDA · Q1-2026 | $147M | |
| EPS · Q1-2026 | $0.40 | |
| Adjusted EPS · Q1-2026 | $0.35 | |
| Backlog · Q1-2026 | $3.95B | |
| Cash from Operations · Q1-2026 | $72M | |
| Dividend per share · Q1-2026 | $0.07 | +12% y/y |
Guidance
FY26 net revenue $4.15B-$4.30B (from prior range not given but raised), adjusted EPS $1.46-$1.56
Tetra Tech raised FY26 guidance citing strong demand across water, environment, defense, and power/transmission; margin expansion; record backlog.
9 Jan 2026DEF 14AProxy statement for 2026 Annual Meeting, detailing executive compensation, governance, and shareholder proposals.open
Figures in the filing · each found in the filing text
| Revenue · FY2025 | $5.44B | +5% y/y |
| Net Revenue · FY2025 | $4.62B | +7% y/y |
| Operating Income · FY2025 | $604M | +18% y/y |
| Adjusted EPS · FY2025 | $1.56 | +24% y/y |
| Operating Cash Flow · FY2025 | $555M | +55% y/y |
| Backlog · FY2025 | $4.14B | -23% y/y |
| Net Income · FY2025 | $248M | -26% y/y |
Risks flagged
Backlog Decline
“Backlog: Actual FY 2025 $4,139,502 vs Target FY 2025 $5,650,000 (73.27% of target)”
Revenue Miss vs Target
“Revenue: Actual FY 2025 $5,442,590 vs Target FY 2025 $5,700,000 (95.48% of target)”
20 Nov 202510-KRevenue $5.44B (+5% y/y); Net income attributable to Tetra Tech $248M (-26% y/y); Operating cash flow $458M (+28% y/y); Guidance: Expects U.S. federal revenue growth excluding USAID and disaster response; state/local and international growtopen
Figures in the filing · each found in the filing text
| Revenue · FY2025 | $5.44B | +5% y/y |
| Net income attributable to Tetra Tech · FY2025 | $248M | -26% y/y |
| Operating cash flow · FY2025 | $458M | +28% y/y |
| Adjusted EPS · FY2025 | $1.56 | +24% y/y |
| GSG Revenue · GSG · FY2025 | $2.67B | +8% y/y |
| CIG Revenue · CIG · FY2025 | $2.84B | +2% y/y |
| GSG Operating Margin (net of sub costs) · GSG · FY2025 | 16.0% | |
| CIG Operating Margin (net of sub costs) · CIG · FY2025 | 14.3% | |
| Cash and cash equivalents · FY2025 | $167M | -28% y/y |
| Goodwill · FY2025 | $2.00B |
Guidance
Expects U.S. federal revenue growth excluding USAID and disaster response; state/local and international growth expected to continue.
Management expects U.S. federal revenue to grow excluding USAID and disaster response; state/local and international growth to continue.
Risks flagged
USAID contract cancellation
“We currently expect no significant USAID revenue in fiscal 2026.” · word for word
Legal contingency costs
“Legal contingency costs $115,000”
Goodwill impairment risk
“Impairment of goodwill $92,416”
12 Nov 20258-K · 2.02, 8.01Net revenue $1.16B (+2% y/y); Operating income $181M (+26% y/y); EPS $0.48 (+37% y/y); Guidance: FY2026 net revenue guidance $4.05-4.25B (5-11% growth ex-USAID/DOS), EPS $1.40-1.55.earningsopen
Figures in the filing · each found in the filing text
| Net revenue · Q4-2025 | $1.16B | +2% y/y |
| Operating income · Q4-2025 | $181M | +26% y/y |
| EPS · Q4-2025 | $0.48 | +37% y/y |
| Annual net revenue · FY2025 | $4.62B | +7% y/y |
| Annual EPS · FY2025 | $0.93 | -24% y/y |
| Adjusted annual EPS · FY2025 | $1.56 | +24% y/y |
| Operating cash flow · FY2025 | $458M | +28% y/y |
| Quarterly dividend · Q1-2026 | $0.07 | +12% y/y |
Guidance
FY2026 net revenue guidance $4.05-4.25B (5-11% growth ex-USAID/DOS), EPS $1.40-1.55.
Strong guidance with continued growth in water and infrastructure, backlog doubling in high-voltage engineering.
Risks flagged
Exposure to USAID/DOS revenue decline; company successfully navigated but remains a risk.
“Excluding USAID and Dept. of State (DOS) revenue declined significantly.” · word for word
Government contract awards
federal awards · contract value, often multi-year| Date | Agency | Value | What for |
|---|---|---|---|
| 2026-05-29 | Department of State | $29M | THE PURPOSE OF THIS REQUISITION IS EXERCISE OPTION YEAR 4 AND ADD FUNDING IN THE AMOUNT OF $29,000,000. |
| 2026-02-26 | Environmental Protection Agency | $5M | R10 DES: EASTERN MICHAUD FLATS (EMF) SUPERFUND SITE FIELD OVERSIGHT AND TECHNICAL SUPPORT |
| 2026-02-25 | Department of the Army | $9M | POWER GENERATION AND MICROGRID, PARKS RESERVE FORCES TRAINING AREA, CA IN SUPPORT OF THE DEVELOPMENT OF A 100% DESIGN BID BUILD PACKAGE, TO INCLUDE THE DEVELOPMENT OF COST ESTIMATE |
| 2026-01-27 | Department of the Army | $8M | AE, CY27 ROKFC IN-KIND A23R900, ELEMENTARY SCHOOL, CAMP WALKER, KOREA |
Tetra Tech, Inc. — questions
- What did Tetra Tech, Inc. file recently?
- 14 SEC filings in the last 12 months. Latest: 8-K on 2026-09-10 — Board authorized a $500 million increase to share repurchase program, signaling capital return commitment.
Every figure on this page comes from Tetra Tech, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.