“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 ↗
Tetra Tech, Inc.
TTEK
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.
- 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.
Research brief
The story so far
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.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- 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
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
No qualifying supportive evidence was identified.
- 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.
- EV/sales is 346% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
36.52Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“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 ↗
“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 ↗
“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.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
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.