Tetra Tech, Inc. (TTEK) Stock Analysis
Recovery setup
Industrials · Engineering & Construction
Sell if holding. Multiple concerning factors at $28.36: Below 200-MA, MA slope -3.7%/30d (confirmed downtrend); Weak growth.
Tetra Tech is a global consulting and engineering firm focused on water, environment, and sustainable infrastructure, operating through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. Revenue comes from U.S. federal (31.6%),... Read more
Sell if holding. Multiple concerning factors at $28.36: Below 200-MA, MA slope -3.7%/30d (confirmed downtrend); Weak growth. Chart setup: Death cross but MACD improving, RSI 53. Score 5.3/10, moderate confidence.
Passes 7/9 gates (positive momentum, favorable risk/reward ratio, clean insider activity, news events none recent, earnings proximity 43d clear, semi cycle peak clear, materials cycle peak clear). Suitability: moderate.
About Tetra Tech, Inc.
About Tetra Tech, Inc.
Tetra Tech ended fiscal 2025 with a $4.1 billion backlog and more than 25,000 associates delivering water, environment, and sustainable infrastructure services on over 100,000 projects across more than 100 countries. Revenue splits between its Government Services Group (GSG, 49.1% of fiscal 2025 revenue), which serves U.S. federal, state, and local clients, and its Commercial/International Services Group (CIG, 52.3%), which serves U.S. commercial and international clients. International clients, primarily in Australia, Canada, and the United Kingdom, contributed 37.4% of fiscal 2025 revenue.
The revenue model combines fixed-price (43.5% of fiscal 2025 revenue), time-and-materials (42.6%), and cost-plus (13.9%) contracts, with revenue recognized on a percentage-of-completion basis across project lifecycles. U.S. federal clients represented 31.6% of revenue, with the Department of Defense at 11.6% and USAID at 10.6% each individually exceeding 10% of total revenue in fiscal 2025. Tetra Tech supports a broad range of client missions including water treatment and distribution, environmental remediation, disaster recovery, and infrastructure engineering, and has been ranked No. 1 in water treatment and desalination by Engineering News-Record for 12 consecutive years. The company differentiates through its Tetra Tech Delta suite of proprietary analytics and AI-enabled tools for infrastructure assessment, spatial data interpretation, and water system optimization. Competition is fragmented, spanning large national engineering firms and specialized regional consultants.
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Government-contract concentration is the most directly quantified risk in the filing: U.S. federal contracts are terminable at the government's discretion without cause, and annual appropriations cycles create visibility gaps between backlog and realized revenue. USAID accounted for 10.6% of fiscal 2025 revenue, down from 13.0% in fiscal 2024, a decline that may reflect shifting foreign aid priorities; further reductions could create a meaningful revenue gap given the agency's historical share. DoD concentration at 11.6% of fiscal 2025 revenue carries different dynamics — defense budgets are more stable than foreign aid appropriations — but remains subject to program delays and authorization risk. In March 2026, Tetra Tech appointed Eric Thornburg, former CEO of H2O America (SJW Group) from 2017 to 2025, to its Board of Directors.
See also: Industrials · Engineering & Construction
From Tetra Tech, Inc.'s most recent 10-K filing, extracted June 16, 2026.
Recent developments
updated 2026-06-17Recent Developments — Tetra Tech, Inc.
Latest news
- NEWS Tetra Tech (NASDAQ:TTEK) Posts Better-Than-Expected Sales In Q1 CY2026, Stock Soars - StockStory — StockStory positive
- NEWS Earnings Flash (TTEK) Tetra Tech, Inc. Posts Q2 Adjusted EPS $0.34 per Share, vs. FactSet Est of $0.32 - marketscreener. — marketscreener.com positive
- NEWS Tetra Tech (TTEK) Expected to Announce Quarterly Earnings on Wednesday - MarketBeat — MarketBeat neutral
- NEWS Penobscot Investment Management Company Inc. Sells 46,350 Shares of Tetra Tech, Inc. $TTEK - MarketBeat — MarketBeat neutral
- NEWS 3 Reasons TTEK Has Explosive Upside Potential - StockStory — StockStory positive
Generated 2026-06-17T09:12:26Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWCustomerDoD12%10-K Item 1: 'The Department of Defense ("DoD") accounted for 11.6%, 8.5% and 8.9% of our revenue in fiscal 2025, 2024 and 2023, respectively.'
- LOWCustomerUSAID11%10-K Item 1: 'The United States Agency for International Development ("USAID") accounted for 10.6%, 13.0% and 12.2% of our revenue in fiscal 2025, 2024 and 2023, respectively.'
- MEDIUMGeographicInternational37%10-K Item 1A: 'In fiscal 2025, we generated 37.4% of our revenue from our international operations, primarily in Australia, Canada, Europe, the United Kingdom'
Material Events(8-K, last 90d)
- 2026-03-26Item 5.02LOWEric W. Thornburg appointed to Board of Directors effective March 30, 2026, to serve on Compensation and Nominating/Corporate Governance Committees. Board expanded to eight members.SEC filing →
- 2026-02-20Item 5.02MEDIUMRoger R. Argus appointed to Board and confirmed as CEO effective February 2026, succeeding prior CEO per previously announced promotion. Argus is a 30-year company veteran who served as President since October 2025.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
3 floor-breakers
Revenue shrinking — -4.9% YoY. Growth thesis broken unless recovery story develops.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Analyst Consensus
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Multiple concerning factors at $28.36: Below 200-MA, MA slope -3.7%/30d (confirmed downtrend); Weak growth. Chart setup: Death cross but MACD improving, RSI 53. Prior stop was $26.57. Score 5.3/10, moderate confidence.
Take-profit target: $35.52 (+25.2% upside). Prior stop was $26.57. Stop-loss: $26.57.
Weak growth; Below 200-MA, MA slope -3.7%/30d (confirmed downtrend).
Tetra Tech, Inc. trades at a P/E of 16.8 (forward 16.3). TrendMatrix value score: 8.1/10. Verdict: Sell.
15 analysts cover TTEK with a consensus score of 4.0/5. Average price target: $41.
What does Tetra Tech, Inc. do?Tetra Tech is a global consulting and engineering firm focused on water, environment, and sustainable infrastructure,...
Tetra Tech is a global consulting and engineering firm focused on water, environment, and sustainable infrastructure, operating through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. Revenue comes from U.S. federal (31.6%), international (37.4%), state/local (14.5%), and commercial (16.5%) clients across 100+ countries on 100,000+ annual projects.