Feed / TTEK

Tetra Tech, Inc.

TTEK

Industrials · 36.52 +2.3% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Tetra Tech, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.

Company+2.3% todayVolume comparison unavailable
Market group0 of 1 activeWater & Environmental Consulting · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • Net interest expense decreased in Q3 and YTD fiscal 2026, attributed to lower borrowings and lower average debt interest rates.
  • Net interest expense rose, with higher interest tied to contingent earn-out liabilities for the Halvik and SAGE acquisitions driving the increase.

Invalidation: The isolated read changes if TTEK's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Engineering & Construction

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Net interest expense decreased in Q3 and YTD fiscal 2026, attributed to lower borrowings and lower average debt interest rates.
  • Net interest expense rose, with higher interest tied to contingent earn-out liabilities for the Halvik and SAGE acquisitions driving the increase.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements89
Verified relationships9
Evidence supporting the case

No qualifying supportive evidence was identified.

Evidence challenging the case
  • Operating margin changed -2.1 percentage points in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 5 filings.
  • Macroeconomic conditions has repeated adverse evidence across 5 filings.
Questions before a position
  • EV/sales is 346% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

36.52
6m+10.1%12m+2.4%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-10-03$3.2B+7.3%$4.26-0.6%
2022-10-02$3.5B+9.0%$0.97
2023-10-01$4.5B+29.1%$1.02-1.0%
2024-09-29$5.2B+15.0%$1.23+0.7%
2025-09-28$5.4B+4.7%$0.93-1.1%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 5 filings
33 Three Months Ended Nine Months Ended June 28, 2026 June 29, 2025 Change June 28, 2026 June 29, 2025 Change $ % $ % ($ in thousands) Net interest expense $ 7,158 $ 8,288 $ (1,130) (13.6)% $ 23,124 $ 23,996 $ (872) (3.6)% Net interest expense decreased in th…
10-Q · Jul 31, 2026
Macroeconomic conditionsnegative · 5 filings
We believe our operations have not been, and, in the foreseeable future, are not expected to be, materially adversely affected by inflation or changing prices due to the average duration of our projects and our ability to negotiate prices as contracts end and…
10-Q · Jul 31, 2026
Demand and volumemixed · 2 filings
Commercial/International Services Group ("CIG") Fiscal Year Ended September 28, 2025 September 29, 2024 Change $ % ($ in thousands) Revenue $ 2,844,647 $ 2,786,731 $ 57,916 2.1% Subcontractor costs (357,069) (374,847) 17,778 4.7 Revenue, net of subcontractor…
10-K · Nov 20, 2025
Legal and regulatory exposuremixed · 1 filings
As a result of the settlement agreement and consent decree with the United States and in connection with discussions regarding the ancillary claims, we recorded a $ 115.0 million charge to operating income ($ 97.0 million for the settlement and $ 18.0 million…
10-K · Nov 20, 2025

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.8× · EV/sales 1.9×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

36.52+2.3% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for TTEK. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for TTEK. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind TTEK

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

COOTFiling-linked namecustomerMay 1, 2026

In the third quarter of fiscal 2025, we acquired SAGE Group Holdings ("SAGE"), an Australian consulting firm that provides innovative technology and high-quality automation services that optimize operational efficiency and drive digital transformation for com…

ACMAECOMcompetitorNov 20, 2025

We believe that our principal competitors include the following firms, in alphabetical order: AECOM; Arcadis NV; AtkinsRéalis; Black & Veatch Corporation; Booz Allen Hamilton; Brown & Caldwell; CDM Smith Inc.; Exponent, Inc.; GHD; ICF International, Inc.; Jac…

Depended on by

UECUranium Energy Corp.partnerSep 24, 2025

The economic analysis is included in a TRS titled “S-K 1300 Initial Assessment Report – Roughrider Uranium Project, Saskatchewan, Canada”, issued on November 5, 2024 and prepared for the Company by Tetra Tech Canada Inc., Understood Mineral Resources Ltd., Sn…

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 7 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

TTEK is currently a Leader in the organic co-movement group Water & Environmental Consulting. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for TTEK; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.