Jun 2026 (Q3 FY26) — Jul 30, 2026
Tetra Tech, Inc. Q3 FY26 — Strong Performance Drives Raised Guidance and Backlog Growth
Read the full callTetra Tech (TTEK) earnings
- Jun 2026
- Jun 2026 (Q3 FY26)
- Sep 2025
Tetra Tech earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,309 | −4.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 12.1 | +0.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. |
Guidance
What management said, and what became of it
11 of 12 judged targets kept · 18 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Quarterly adjusted diluted EPS guidance | $0.38 to $0.41 | Mar 2026 | Earnings per share of $0.42 also exceeded the upper end of our guidance. | Achieved |
| Full-year adjusted diluted EPS guidance | $1.40 to $1.55 | Sep 2025 | our increased adjusted earnings per share guidance is from $1.56 and to $1.59 | Revised Up |
| Long-term average annual EBITDA margin expansion (FY2030 plan) | expand operating margin by 50 basis points | Dec 2024 | in fiscal '23, our margin was where we were from '23 to '24, we increased it by about 70 basis points. From '24 to '25, we increased it by about 80 basis points. This year, we're about 70. | On Track |
1 of TETRA TECH INC's 30 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 27 more targets are in the full ledger.
Claimed
- Net revenue of $1.1 billion exceeded the upper end of guidance.
- Earnings per share of $0.42 also exceeded the upper end of guidance.
- Generated $229 million in operating cash flow for the quarter, and $467 million year-to-date, an all-time high for the first three quarters.
- Backlog increased by 5% sequentially to just under $4.5 billion, marking the second consecutive quarter of growth.
- Board approved an 11% year-over-year increase in the quarterly cash dividend, marking the 45th consecutive quarterly dividend with double-digit annual increases.
Qualified
- U.S. federal government contracting office staff pool remains constrained, creating bottlenecks for issuing task orders.
- Decline in renewable energy work, including the cancellation of remaining offshore wind programs along the Atlantic Coast.
- Reduction in federal co-funding for flood protection work in the U.S. state and local market, leading to lawsuits from over 20 states.
- General uncertainty around the U.S. administration and geopolitical issues (e.g., war in Iran, supply chain) causes caution in the commercial sector.
Price
$34.78 +3.48% · +$1.17
Performance +4.4% 1Y
1Y: $33.32 on 14 Oct 2025 → $34.78. High $42.61 (10 Feb 2026), low $26.18 (15 May 2026).
- Previous close
- $33.61
- 52-week range
- $26.18 – $42.61
- One year
- +7.02%
Overview
- Symbol
- TTEK
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
11 of 12 judged targets kept · 18 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Quarterly adjusted diluted EPS guidance | $0.38 to $0.41 | Mar 2026 | Earnings per share of $0.42 also exceeded the upper end of our guidance. | Achieved |
| Full-year adjusted diluted EPS guidance | $1.40 to $1.55 | Sep 2025 | our increased adjusted earnings per share guidance is from $1.56 and to $1.59 | Revised Up |
| Long-term average annual EBITDA margin expansion (FY2030 plan) | expand operating margin by 50 basis points | Dec 2024 | in fiscal '23, our margin was where we were from '23 to '24, we increased it by about 70 basis points. From '24 to '25, we increased it by about 80 basis points. This year, we're about 70. | On Track |
Claimed
- Net revenue of $1.1 billion exceeded the upper end of guidance.
- Earnings per share of $0.42 also exceeded the upper end of guidance.
- Generated $229 million in operating cash flow for the quarter, and $467 million year-to-date, an all-time high for the first three quarters.
- Backlog increased by 5% sequentially to just under $4.5 billion, marking the second consecutive quarter of growth.
- Board approved an 11% year-over-year increase in the quarterly cash dividend, marking the 45th consecutive quarterly dividend with double-digit annual increases.
Qualified
- U.S. federal government contracting office staff pool remains constrained, creating bottlenecks for issuing task orders.
- Decline in renewable energy work, including the cancellation of remaining offshore wind programs along the Atlantic Coast.
- Reduction in federal co-funding for flood protection work in the U.S. state and local market, leading to lawsuits from over 20 states.
- General uncertainty around the U.S. administration and geopolitical issues (e.g., war in Iran, supply chain) causes caution in the commercial sector.
The full ledger
Open TETRA TECH INC’s full ledger
A free account opens 5 company ledgers a month. All 30 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q2 FY26) — Apr 30, 2026
Tetra Tech Q2 FY26 — Record EBITDA and Backlog Growth Drive Raised Full-Year Guidance
Read the full callEvery analysed call
Tetra Tech earnings calls (TTEK)
Financials
What the filings say
Net profit, against the quarter before: +2013% (quarter to jun 2025 against mar 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,374 | 1,421 | 1,322 | 1,370 | 1,330 | 1,211 | 1,220 | 1,309 |
| Operating profit | 143 | 23 | 40 | 165 | 181 | 141 | 132 | 158 |
| Operating margin | 10.4% | 1.6% | 3.0% | 12.0% | 13.6% | 11.7% | 10.8% | 12.1% |
| Interest | 15 | 7 | 8 | 8 | 17 | 7 | 9 | 7 |
| Profit before tax | 135 | 15 | 31 | 157 | 174 | 142 | 127 | 151 |
| Tax rate | 29.0% | 94.9% | 82.6% | 27.3% | 26.7% | 25.7% | 26.3% | 27.2% |
| Net profit | — | — | 5 | 114 | — | — | — | — |
| EPS ($ per share) | 0.36 | 0 | 0.02 | 0.43 | 0.49 | 0.40 | 0.36 | 0.42 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 3 |
| Reserves | 945 | 1,071 | 1,199 | 1,359 | 1,391 | 1,596 | 1,871 | 1,873 |
| Total liabilities | 992 | 1,158 | 1,341 | 1,342 | 1,440 | 2,417 | 2,362 | 2,502 |
| Fixed assets | 43 | 39 | 36 | 38 | 32 | 75 | 73 | 66 |
| Total assets | 1,959 | 2,147 | 2,379 | 2,577 | 2,623 | 3,820 | 4,193 | 4,282 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 186 | 209 | 262 | 304 | 336 | 368 | 359 | 458 |
| Cash from investing | -43 | -100 | -63 | -93 | -56 | -771 | -111 | -107 |
| Cash from financing | -182 | -135 | -163 | -210 | -250 | 382 | -191 | -410 |
| Net cash flow | -44 | -28 | 37 | 9 | 19 | -16 | 64 | -64 |
| Capital expenditure | -10 | -16 | -12 | -9 | -11 | -27 | -18 | -19 |
| Free cash flow | 176 | 192 | 250 | 296 | 326 | 342 | 341 | 439 |
TTEK revenue by segment
Government Services Group grew from 42% to 45% of revenue over the last two years.
| Segment | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Commercial International Services Group | 54% | 48% | 51% | 52% | 54% | 58% | 55% | 55% | +0.3% |
| Government Services Group | 48% | 53% | 50% | 49% | 41% | 42% | 45% | 45% | -12.3% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
76 filings between Nov 18, 2025 and Aug 4, 2026.
Open market
decisions to buy or sellPurchases
$50.2K
1 purchase by 1 insider
Sales
$401.4K
1 sale by 1 insider
Compensation
not trading decisions- 12
- Award — granted as compensation
- 43
- Option exercise — converted options into shares
- 18
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| CARTER BRIAN N | — | $401.4K | Feb 4, 2026 |
| Feeler Jeffrey R | $50.2K | — | May 15, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 4, 2026 | Volpi Kirsten M Director | Option exercise | 2,300 | $22.1K |
| Jun 4, 2026 | Volpi Kirsten M Director | Option exercise | 1,700 | $16.3K |
| May 15, 2026 | Feeler Jeffrey R Director | Purchase | 1,900 | $50.2K |
| Mar 16, 2026 | Ritrievi Kimberly E Director | Option exercise | 1,925 | $0 |
| Mar 16, 2026 | Ritrievi Kimberly E Director | Option exercise | 1,900 | $0 |
| Mar 16, 2026 | Ritrievi Kimberly E Director | Award | 25,883 | $0 |
| Mar 16, 2026 | Ritrievi Kimberly E Director | Option exercise | 2,250 | $0 |
| Mar 16, 2026 | Ritrievi Kimberly E Director | Option exercise | 795 | $0 |
| Mar 16, 2026 | Ritrievi Kimberly E Director | Option exercise | 4,500 | $0 |
| Mar 16, 2026 | Ritrievi Kimberly E Director | Option exercise | 2,050 | $0 |
| Mar 16, 2026 | Ritrievi Kimberly E Director | Option exercise | 795 | $0 |
| Mar 16, 2026 | Ritrievi Kimberly E Director | Option exercise | 1,718 | $0 |
| Mar 16, 2026 | Ritrievi Kimberly E Director | Option exercise | 2,125 | $0 |
| Mar 16, 2026 | Ritrievi Kimberly E Director | Option exercise | 2,910 | $0 |
| Feb 19, 2026 | Obiaya Christiana Director | Option exercise | 495 | $0 |
| Feb 10, 2026 | Volpi Kirsten M Director | Option exercise | 1,000 | $9.6K |
| Feb 6, 2026 | BURDICK STEVEN M EVP, CFO | Gift | 11,100 | $0 |
| Feb 4, 2026 | CARTER BRIAN N SVP, Corporate Controller | Sale | 9,979 | $401.4K |
| Jan 12, 2026 | Birkenbeuel Gary Director | Award | 4,397 | $0 |
| Jan 12, 2026 | Birkenbeuel Gary Director | Option exercise | 1,590 | $0 |
| Jan 12, 2026 | Ritrievi Kimberly E Director | Award | 2,208 | $0 |
| Nov 30, 2025 | Hopson Preston III EVP, Chief Legal/Human Capital | Option exercise | 2,735 | $0 |
| Nov 30, 2025 | Hopson Preston III EVP, Chief Legal/Human Capital | Option exercise | 2,455 | $0 |
| Nov 30, 2025 | Argus Roger R President | Option exercise | 2,455 | $0 |
| Nov 30, 2025 | Argus Roger R President | Option exercise | 2,735 | $0 |
| Nov 30, 2025 | Gandhi Prashant Director | Option exercise | 1,718 | $0 |
| Nov 30, 2025 | Obiaya Christiana Director | Option exercise | 1,718 | $0 |
| Nov 30, 2025 | Hopson Preston III EVP, Chief Legal/Human Capital | Tax withheld | 2,044 | $71.0K |
| Nov 30, 2025 | Volpi Kirsten M Director | Option exercise | 1,718 | $0 |
| Nov 30, 2025 | CARTER BRIAN N SVP, Corporate Controller | Option exercise | 1,520 | $0 |
| Nov 30, 2025 | BURDICK STEVEN M EVP, CFO | Tax withheld | 4,044 | $140.5K |
| Nov 30, 2025 | SHOEMAKER LESLIE L EVP, Chief Sustainability | Tax withheld | 3,707 | $128.8K |
| Nov 30, 2025 | SHOEMAKER LESLIE L EVP, Chief Sustainability | Option exercise | 3,682 | $0 |
| Nov 30, 2025 | SHOEMAKER LESLIE L EVP, Chief Sustainability | Option exercise | 3,035 | $0 |
| Nov 30, 2025 | BURDICK STEVEN M EVP, CFO | Option exercise | 3,682 | $0 |
| Nov 30, 2025 | BURDICK STEVEN M EVP, CFO | Option exercise | 3,645 | $0 |
| Nov 30, 2025 | BATRACK DAN L Chairman and CEO | Tax withheld | 22,396 | $778.0K |
| Nov 30, 2025 | BATRACK DAN L Chairman and CEO | Option exercise | 19,330 | $0 |
| Nov 30, 2025 | BATRACK DAN L Chairman and CEO | Option exercise | 21,255 | $0 |
| Nov 30, 2025 | CARTER BRIAN N SVP, Corporate Controller | Tax withheld | 1,500 | $52.1K |
| Nov 30, 2025 | Argus Roger R President | Tax withheld | 2,865 | $99.5K |
| Nov 30, 2025 | CARTER BRIAN N SVP, Corporate Controller | Option exercise | 1,228 | $0 |
| Nov 28, 2025 | Volpi Kirsten M Director | Option exercise | 1,000 | $9.6K |
| Nov 18, 2025 | CARTER BRIAN N SVP, Corporate Controller | Tax withheld | 5,977 | $213.3K |
| Nov 18, 2025 | CARTER BRIAN N SVP, Corporate Controller | Award | 10,954 | $0 |
| Nov 18, 2025 | CARTER BRIAN N SVP, Corporate Controller | Tax withheld | 1,234 | $44.0K |
| Nov 18, 2025 | CARTER BRIAN N SVP, Corporate Controller | Option exercise | 1,265 | $0 |
| Nov 18, 2025 | CARTER BRIAN N SVP, Corporate Controller | Option exercise | 995 | $0 |
| Nov 18, 2025 | BATRACK DAN L Chairman and CEO | Option exercise | 14,030 | $0 |
| Nov 18, 2025 | BATRACK DAN L Chairman and CEO | Option exercise | 19,015 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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