TTEK

Tetra Tech Inc

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Advanced Chart

37.270

-0.1(-0.268%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

37.715

Open

37.310

VWAP

37.30

Vol

3.14M

Mkt Cap

9.79B

Low

37.100

Amount

117.18M

EV/EBITDA(TTM)

16.17

Total Shares

53.50M

10.44B

EV/OCF(TTM)

22.58

P/S(TTM)

2.19

Tetra Tech, Inc. is a global provider of consulting and engineering services that is focused on water, environment and sustainable infrastructure. It provides solutions to complex problems by Leading with Science to address the entire water cycle, protect and restore the environment, design sustainable and resilient infrastructure, and support the clean energy transition. It operates through two segments: Government Services Group (GSG) and Commercial/International Services Group (CIG). Its GSG segment provides consulting and engineering services primarily to United States (U.S.) government clients and international development agencies worldwide. CIG segment primarily provides consulting and engineering services to U.S. commercial clients and international clients that include both commercial and government sectors. Its CIG segment also provides sustainable infrastructure and related environmental, engineering and project management services to commercial and local government clients.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2026Q1

FY2026Q2

1.07B

-6.7%

0.406

+6.84%

1.07B

-10.67%

0.335

-4.29%

1.04B

-5.95%

0.333

+0.76%

Estimates Revision

The market is revising Downward the revenue expectations for Tetra Tech, Inc. (TTEK) for FY2025, with the revenue forecasts being adjusted by -1.34% over the past three months. During the same period, the stock price has changed by 21.92%.

Revenue Estimates for FY2025

Revise Downward

-1.34%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+0.48%

In Past 3 Month

Stock Price

Go Up

+21.92%

In Past 3 Month

6 Analyst Rating

13.58% Upside

Wall Street analysts forecast TTEK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TTEK is 42.33 USD with a low forecast of 39.00 USD and a high forecast of 48.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

4 Buy

2 Hold

0 Sell

Moderate Buy

13.58% Upside

Current: 37.270

Low

39.00

Averages

42.33

High

48.00

13.58% Upside

Current: 37.270

Low

39.00

Averages

42.33

High

48.00

KeyBanc

Overweight

maintain

$41 -> $43

2025-08-01

Reason

KeyBanc

Price Target

$41 -> $43

2025-08-01

maintain

Overweight

Reason

KeyBanc raised the firm's price target on Tetra Tech to $43 from $41 and keeps an Overweight rating on the shares. The firm notes the company reported better than expected Q3 driven by strong operating margin expansion as the dilutive USAID exits the system. Despite a tough Federal contracting environment filled with uncertainties, Tetra Tech continues to deliver on above expectation margins and free cash flow, and is making it look easy, KeyBanc adds.

KeyBanc

Overweight

maintain

$34 -> $41

2025-05-09

Reason

KeyBanc

Price Target

$34 -> $41

2025-05-09

maintain

Overweight

Reason

KeyBanc raised the firm's price target on Tetra Tech to $41 from $34 to reflect a reduced risk profile, and a cleaner growth and higher margin story going forward. The firm keeps an Overweight rating on the shares. KeyBanc notes the firm reported results above its estimates, 10 bps of EBITDA margin expansion year-over-year despite 30-50 bps impact from USAID cancelations and guided higher for FY25.

Baird

Neutral

maintain

$31 -> $33

2025-05-08

Reason

Baird

Price Target

$31 -> $33

2025-05-08

maintain

Neutral

Reason

Baird raised the firm's price target on Tetra Tech to $33 from $31 and keeps a Neutral rating on the shares. The firm updated its model following Q1 results where it said visibility for 2026 is improving.

Keybanc

Sangita Jain

Buy

Maintains

$45 → $34

2025-04-16

Reason

Keybanc

Sangita Jain

Price Target

$45 → $34

2025-04-16

Maintains

Buy

Reason

KeyBanc lowered the firm's price target on Tetra Tech to $34 from $45 and keeps an Overweight rating on the shares. All E&C names under coverage underperformed in Q1 2025 following a strong 2024. The quarter was significantly impacted by macroeconomic and policy uncertainty stemming from the Trump administration's actions, including concerns over DOGE, uncertainty around USAID contracts and tariffs, the firm notes. With that said, investors are unlikely to dwell on Q1 beats or misses. The focus will almost entirely be on business sentiment going forward, argues KeyBanc.

Maxim Group

Tate Sullivan

Strong Buy

Hold

Downgrades

n/a

2025-02-06

Reason

Maxim Group

Tate Sullivan

Price Target

n/a

2025-02-06

Downgrades

Strong Buy

Hold

Reason

Maxim downgraded Tetra Tech to Hold from Buy.

Keybanc

Sangita Jain

Buy

Maintains

$49 → $45

2025-01-31

Reason

Keybanc

Sangita Jain

Price Target

$49 → $45

2025-01-31

Maintains

Buy

Reason

KeyBanc says Tetra Tech paused some U.S. Federal government work at the request of the incoming administration and its guidance accounts for that. The company's fiscal Q1 was largely in line, and the earnings guidance is in line as well, the analyst tells investors in a research note. The firm believes management is being "appropriately cautious" in providing a lower midpoint for revenue guidance to account for United States Agency for International Development uncertainty and a wider range for earnings "until matters settle down in D.C." The firm says that while investors are nervous around the impacts of the Department of Government Efficiency and federal spending pauses, since the election the stock's multiple has contracted five-times, implying a 24% EBITDA contraction. Since 30% of its business is levered to federal spending, it implies an anticipated 80% drop in its federal EBITDA, which "seems excessive for a high-quality company," contends KeyBanc. The firm keeps an Overweight rating on the shares, which are down 16% to $31.54 in morning trading.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Tetra Tech Inc (TTEK.O) is 24.93, compared to its 5-year average forward P/E of 30.28. For a more detailed relative valuation and DCF analysis to assess Tetra Tech Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Undervalued

5Y Average PE

30.28

Current PE

24.93

Overvalued PE

34.85

Undervalued PE

25.70

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Undervalued

5Y Average EV/EBITDA

20.18

Current EV/EBITDA

16.34

Overvalued EV/EBITDA

23.67

Undervalued EV/EBITDA

16.68

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

2.43

Current PS

2.22

Overvalued PS

2.84

Undervalued PS

2.03