Tetra Tech, Inc. (TTEK) is a publicly traded company in the Industrials — Engineering & Construction industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Tetra Tech, Inc. operates as a global provider of specialized consulting and engineering services. The firm organizes its activities into two primary divisions: the Government Services Group (GSG) and the Commercial/International Services Group (CIG).
Is Tetra Tech, Inc. stock overvalued or undervalued in 2026?
As of October 5, 2026, Tetra Tech, Inc. (TTEK) trades at 20.0× earnings (P/E), against a median of 26.1× across the 273 industrials companies above $2bn in Kaplio's universe. Kaplio's verdict: cheap. At the decade median (31.4×) $52 (+57 %); at its sector median (26.1×) $43 (+31 %).
Kaplio overview: Tetra Tech, Inc.
Market cap $9B · 52 weeks $26 – $43 (21 % below the high) · P/E 20.0× · 2027 expected P/E 19.1× · Dividend 0.8 % · 11 years rising · Next earnings November 11, 2026 · expected EPS $0.47 · Price as of Oct 5 · accounts published Jul 29.
- Valuation: P/E 20.0× (cheap).
- Business: ROIC 14 % (fair).
- Balance sheet: Net debt/EBITDA 1.7× (solid).
- Earnings: 7 of 8 (on track).
What would it be worth at its usual multiples?
At the decade median (31.4×) $52 (+57 %); at its sector median (26.1×) $43 (+31 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in industrials: 7 of 10 pass
- Capex / Revenue 0.3 %, fails.
- Operating margin 11.1 %, borderline.
- ROIC 14.1 %, borderline.
- 5y revenue growth 18.9 %, passes.
- FCF conversion 177.2 %, passes.
- Net debt / EBITDA 1.7×, passes.
- Altman Z-Score 4.6, passes.
- Piotroski F-Score 7 de 9, passes.
- P/E vs own 10y history 20.0×, passes.
- Cycle-adjusted EV/EBITDA 14.1×, passes.
Against its peers (reference peers) — Tetra Tech, Inc.: P/E 19.9×; EV/EBITDA 14.1×; ROIC 14.1 %; $8.6B. Dycom Industries, Inc. (P/E 24.7×; EV/EBITDA 9.4×; ROIC 11.9 %; $8.1B), IES Holdings, Inc. (P/E 29.7×; EV/EBITDA 22.7×; ROIC 28.3 %; $12.9B), Primoris Services Corporation (P/E 30.6×; EV/EBITDA 14.7×; ROIC 10.7 %; $4.0B).
Expensive or cheap against its last ten years?
P/E at each close: today 19.9× · median 31.4× · minimum 15.8× · maximum 59.1× · cheap below 28.3× · expensive above 36.4×. It has been cheaper than today only 4% of the time over its last ten years.
Dividend
solid · Yield 0.83 % ($0.25 per share in 2025) · Years raising it ≥ 11 · 5-year growth +14 % a year · Free cash flow coverage 6.4× · With $1,000 invested today you'd collect $8.30 a year ($0.69 a month).
Profitability
| Return on Equity | 23.76% |
| Return on Invested Capital | 14.14% |
| Return on Assets | 9.94% |
| Gross Margin | 18.78% |
| Operating Margin | 11.88% |
| Net Margin | 8.60% |
Financial Health
| Debt / Equity | 0.55 |
| Current Ratio | 1.18 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 4.55 |
Price Performance
| 1 month | -7.18% |
| 3 months | +8.25% |
| Year-to-date | -0.63% |
| 1 year | -1.59% |
| 3 years | +7.10% |
| 5 years | +5.21% |
Dividend History
Paid in the last 12 months: $0.2740 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-08-13 | $0.0720 |
| 2026-05-14 | $0.0720 |
| 2026-02-12 | $0.0650 |
| 2025-12-01 | $0.0650 |
| 2025-08-15 | $0.0650 |
| 2025-05-23 | $0.0650 |
| 2025-02-12 | $0.0580 |
| 2024-11-27 | $0.0580 |
| 2024-08-15 | $0.0580 |
| 2024-05-17 | $0.0580 |
Amounts adjusted for stock splits.
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Explore sector: Industrials · Engineering & Construction
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