Tetra Tech, Inc. (TTEK) Key Metrics
TTEK valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $8.89B
- Enterprise value
- $9.73B
- P/E (TTM)
- 20.9 10-yr median 30.0
- Forward P/E
- 19.9
- PEG ratio
- 2.10
- Price / sales
- 2.0 10-yr median 1.7
- Price / book
- 4.8 10-yr median 5.0
- EV / EBITDA
- 14.1 10-yr median 20.1
- Dividend yield
- 0.84% $0.29 a year
- Beta
- 0.95
TTEK key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsTTEK valuation Price multiples at each fiscal year-end price.
TTEK returns How much profit the business earns on the capital it uses.
TTEK per-share figures Results divided by the shares outstanding at year-end.
TTEK financial health Debt, liquidity and how easily interest is covered.
TTEK efficiency & capital use Working capital cycle and where the cash goes.
TTEK valuation history
TTEK returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TTEK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TTEK cash returned to shareholders
TTEK price vs earnings per share
TTEK key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $8.92B | $12.74B | $8.15B | $6.96B | $8.17B | $5.25B | $4.85B | $3.87B | $2.70B | $2.09B |
| Enterprise value | $9.74B | $13.52B | $9.07B | $7.24B | $8.45B | $5.65B | $5.01B | $4.00B | $2.86B | $2.28B |
| P/E ratio | 36.0 | 38.2 | 29.8 | 26.5 | 35.1 | 30.2 | 30.6 | 28.2 | 22.9 | 25.0 |
| Price / sales | 1.6 | 2.4 | 1.8 | 2.5 | 2.5 | 2.2 | 1.6 | 1.3 | 1.0 | 0.8 |
| Price / book | 5.0 | 7.0 | 5.8 | 5.9 | 6.6 | 5.1 | 4.9 | 4.0 | 2.9 | 2.4 |
| Price / free cash flow | 20.3 | 37.4 | 23.9 | 21.4 | 27.6 | 21.0 | 25.2 | 23.1 | 21.0 | 16.1 |
| Price / operating cash flow | 19.5 | 35.5 | 22.1 | 20.7 | 26.8 | 20.0 | 23.3 | 21.9 | 19.5 | 14.7 |
| EV / sales | 1.8 | 2.6 | 2.0 | 2.6 | 2.6 | 2.4 | 1.6 | 1.3 | 1.0 | 0.9 |
| EV / EBITDA | 20.4 | 23.2 | 17.6 | 19.7 | 27.9 | 21.1 | 22.8 | 17.4 | 12.9 | 11.2 |
| EV / free cash flow | 22.2 | 39.7 | 26.6 | 22.2 | 28.6 | 22.6 | 26.0 | 23.9 | 22.3 | 17.5 |
| Earnings yield | 2.8% | 2.6% | 3.4% | 3.8% | 2.9% | 3.3% | 3.3% | 3.5% | 4.4% | 4.0% |
| Free cash flow yield | 4.9% | 2.7% | 4.2% | 4.7% | 3.6% | 4.8% | 4.0% | 4.3% | 4.8% | 6.2% |
| Dividend yield | 0.7% | 0.5% | 0.6% | 0.7% | 0.5% | 0.7% | 0.6% | 0.6% | 0.8% | 0.9% |
| Shareholder yield (dividends + buybacks) | 3.5% | 0.6% | 1.3% | 3.5% | 1.2% | 2.9% | 2.7% | 2.6% | 4.5% | 5.7% |
| Share price at fiscal year-end | $33.38 | $47.16 | $30.41 | $25.71 | $29.87 | $19.10 | $17.35 | $13.66 | $9.31 | $7.09 |
| Per share | ||||||||||
| Revenue per share | $20.37 | $19.25 | $16.86 | $10.47 | $11.75 | $8.54 | $11.11 | $10.47 | $9.51 | $8.76 |
| Earnings per share | $0.93 | $1.23 | $1.02 | $0.97 | $0.85 | $0.63 | $0.57 | $0.48 | $0.41 | $0.28 |
| Operating cash flow per share | $1.71 | $1.33 | $1.37 | $1.24 | $1.11 | $0.95 | $0.75 | $0.62 | $0.48 | $0.48 |
| Free cash flow per share | $1.64 | $1.26 | $1.27 | $1.20 | $1.08 | $0.91 | $0.69 | $0.59 | $0.44 | $0.44 |
| Cash per share | $0.63 | $0.86 | $0.63 | $0.68 | $0.61 | $0.57 | $0.43 | $0.52 | $0.66 | $0.54 |
| Book value per share | $6.66 | $6.78 | $5.23 | $4.37 | $4.52 | $3.77 | $3.54 | $3.42 | $3.21 | $2.95 |
| Tangible book value per share | −$1.46 | −$1.40 | −$2.43 | $0.16 | $0.32 | $0.11 | $0.17 | $0.54 | $0.56 | $0.35 |
| Dividends per share | $0.24 | $0.22 | $0.19 | $0.17 | $0.15 | $0.13 | $0.11 | $0.09 | $0.07 | $0.07 |
| Capex per share | $0.07 | $0.07 | $0.10 | $0.04 | $0.03 | $0.04 | $0.06 | $0.03 | $0.03 | $0.04 |
| Debt per share | $3.70 | $3.76 | $4.06 | $1.71 | $1.66 | $2.01 | $0.99 | $0.98 | $1.23 | $1.18 |
| Shares outstanding | 267.1M | 270.0M | 268.2M | 270.8M | 273.4M | 275.1M | 279.7M | 283.0M | 289.6M | 294.8M |
| Change in shares outstanding | −1.1% | +0.7% | −1.0% | −0.9% | −0.6% | −1.6% | −1.2% | −2.3% | −1.8% | −4.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 13.7% | 20.6% | 21.1% | 21.8% | 20.5% | 17.2% | 16.2% | 14.4% | 13.1% | 9.7% |
| Return on invested capital (ROIC) | 15.3% | 14.6% | 12.9% | 17.2% | 16.5% | 14.3% | 15.3% | 13.6% | 11.7% | 9.3% |
| Return on assets (ROA) | 5.8% | 8.3% | 8.5% | 10.1% | 9.4% | 7.7% | 7.7% | 7.1% | 6.4% | 5.0% |
| Return on tangible assets | 11.7% | 16.8% | 15.4% | 17.7% | 16.3% | 12.7% | 13.1% | 12.1% | 10.4% | 8.1% |
| Free cash flow margin | 8.1% | 6.6% | 7.6% | 11.5% | 9.2% | 10.7% | 6.2% | 5.6% | 4.7% | 5.0% |
| Income quality (OCF / net income) | 1.85 | 1.08 | 1.35 | 1.28 | 1.31 | 1.51 | 1.31 | 1.29 | 1.17 | 1.70 |
| Financial health | ||||||||||
| Total debt | $987.2M | $1.02B | $1.09B | $462.9M | $454.2M | $553.3M | $276.5M | $277.3M | $356.9M | $347.0M |
| Cash & short-term investments | $167.5M | $232.7M | $168.8M | $185.1M | $166.6M | $157.5M | $120.7M | $146.2M | $190.0M | $160.5M |
| Net debt | $819.7M | $783.5M | $920.4M | $277.8M | $287.7M | $395.7M | $155.8M | $131.1M | $166.9M | $186.6M |
| Debt / equity | 0.55 | 0.56 | 0.78 | 0.39 | 0.37 | 0.53 | 0.28 | 0.29 | 0.38 | 0.40 |
| Debt / assets | 0.23 | 0.24 | 0.28 | 0.18 | 0.18 | 0.23 | 0.13 | 0.14 | 0.19 | 0.19 |
| Net debt / EBITDA | 1.72 | 1.35 | 1.79 | 0.76 | 0.95 | 1.48 | 0.71 | 0.57 | 0.75 | 0.92 |
| Current ratio | 1.18 | 1.25 | 1.13 | 1.26 | 1.26 | 1.26 | 1.43 | 1.71 | 1.94 | 1.94 |
| Quick ratio | 1.18 | 1.43 | 1.13 | 1.26 | 1.26 | 1.26 | 1.43 | 1.71 | 1.94 | 1.94 |
| Interest coverage | 14.9 | 11.2 | 6.8 | 25.5 | 21.9 | 16.7 | 12.3 | 11.0 | 14.9 | 11.0 |
| Working capital | $245.6M | $307.9M | $158.0M | $242.2M | $217.5M | $206.3M | $322.8M | $432.3M | $504.4M | $450.8M |
| Invested capital | $2.60B | $2.61B | $2.32B | $1.46B | $1.52B | $1.43B | $1.15B | $1.10B | $1.10B | $1.06B |
| Tangible asset value | −$390.9M | −$376.8M | −$650.7M | $43.6M | $87.7M | $29.9M | $48.2M | $153.2M | $161.1M | $102.5M |
| Net current asset value | −$877.3M | −$834.9M | −$1.07B | −$281.4M | −$276.3M | −$341.4M | −$81.1M | $60.2M | $67.9M | $4.1M |
| Graham number | $11.79 | $13.72 | $10.96 | $9.77 | $9.30 | $7.32 | $6.72 | $6.10 | $5.42 | $4.34 |
| Graham net-net per share | −$5.05 | −$4.95 | −$5.34 | −$2.26 | −$2.14 | −$2.23 | −$1.32 | −$0.73 | −$0.63 | −$0.76 |
| Capital allocation | ||||||||||
| Dividends paid | $65.0M | $58.8M | $52.1M | $46.1M | $40.0M | $34.7M | $29.7M | $24.5M | $21.7M | $19.7M |
| Share buybacks (net) | $250.0M | $13.0M | $50.0M | $200.0M | $60.0M | $117.2M | $100.0M | $75.0M | $100.0M | $99.5M |
| Dividend payout ratio | 26.3% | 17.6% | 19.1% | 17.5% | 17.2% | 20.0% | 18.7% | 17.9% | 18.4% | 23.6% |
| Dividends + buybacks / free cash flow | 71.8% | 21.1% | 29.9% | 75.6% | 33.8% | 60.7% | 67.4% | 59.5% | 94.9% | 91.7% |
| Capex / revenue | 0.3% | 0.3% | 0.6% | 0.4% | 0.3% | 0.5% | 0.5% | 0.3% | 0.4% | 0.5% |
| Capex / operating cash flow | 4.1% | 5.1% | 7.3% | 3.1% | 2.8% | 4.7% | 7.8% | 5.5% | 7.1% | 8.4% |
| Capex / depreciation | 0.32 | 0.25 | 0.44 | 0.39 | 0.36 | 0.50 | 0.56 | 0.25 | 0.21 | 0.26 |
| Stock-based compensation / revenue | 0.3% | 0.6% | 0.6% | 0.9% | 0.7% | 0.8% | 0.6% | 0.7% | 0.5% | 0.5% |
| SG&A / revenue | 6.6% | 6.8% | 6.7% | 8.3% | 6.9% | 8.7% | 6.4% | 6.4% | 6.4% | 6.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 84.4 | 80.6 | 78.7 | 105.9 | 87.9 | 129.0 | 102.1 | 101.1 | 101.2 | 96.9 |
| Days of inventory on hand | — | -9.3 | 0.0 | 0.0 | — | 0.0 | 0.0 | — | -0.0 | — |
| Days payables outstanding | 16.4 | 15.6 | 15.4 | 22.3 | 16.2 | 30.6 | 24.8 | 23.9 | 25.6 | 25.0 |
| Cash conversion cycle (days) | 68.0 | 55.7 | 63.3 | 83.6 | 71.8 | 98.4 | 77.3 | 77.2 | 75.6 | 71.9 |
| Receivables turnover | 4.33 | 4.53 | 4.64 | 3.45 | 4.15 | 2.83 | 3.57 | 3.61 | 3.61 | 3.77 |
| Payables turnover | 22.29 | 23.37 | 23.68 | 16.36 | 22.57 | 11.95 | 14.72 | 15.27 | 14.27 | 14.58 |
| Inventory turnover | — | — | 3,797,521,000.00 | 2,260,021,000.00 | — | 1,902,037,000.00 | 5,398,330,000.00 | — | — | — |
| Asset turnover | 1.28 | 1.30 | 1.40 | 1.09 | 1.30 | 1.04 | 1.52 | 1.54 | 1.49 | 1.54 |
| Average receivables | $1.26B | $1.15B | $975.5M | $822.4M | $774.1M | $830.0M | $869.6M | $821.2M | $763.6M | $685.7M |
| Average payables | $201.1M | $185.4M | $160.4M | $138.1M | $120.3M | $159.2M | $183.4M | $168.9M | $168.2M | $154.5M |
| Average inventory | — | −$110.6M | $1 | $1 | — | $1 | $0 | −$24,500 | −$24,500 | $0 |
| Intangibles / total assets | 50.7% | 52.6% | 53.7% | 43.4% | 44.5% | 42.4% | 43.7% | 41.8% | 40.3% | 42.7% |
Computed from TTEK's annual financial statements (latest annual report filed November 20, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
TTEK valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), Tetra Tech traded at 36.0 times earnings, against a 10-year median of 30.0. Based on the latest twelve months, the trailing P/E is 20.9 and the forward P/E is 19.9. Tetra Tech earned a return on equity of 13.7% and a return on invested capital of 15.3% in fiscal 2025. It ended the year with $987.2 million of debt and $167.5 million in cash and short-term investments, net debt of $819.7 million. It returned $315.0 million to shareholders: $65.0 million in dividends and $250.0 million in share buybacks, 72% of free cash flow. The share count fell 9.4% from 294.8M to 267.1M over 9 years.
See the TTEK income statement, the TTEK chart for price history, or the TTEK stock overview for the latest quote and news.
TTEK key metrics FAQ
What is Tetra Tech's P/E ratio?
Tetra Tech's trailing P/E ratio is 20.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 19.9. At the end of fiscal 2025 it was 36.0, compared with a 10-year median of 30.0.
What is Tetra Tech's EV/EBITDA?
Tetra Tech's enterprise value was 20.4 times EBITDA at the end of fiscal 2025 (enterprise value $9.7 billion, EBITDA $476.5 million); the current EV/EBITDA is 14.1.
What is Tetra Tech's return on equity?
Tetra Tech's return on equity (ROE) was 13.7% in fiscal 2025: net income of $247.7 million on average shareholders' equity of $1.8 billion.
What is Tetra Tech's ROIC?
Tetra Tech's return on invested capital was 15.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Tetra Tech have?
Tetra Tech had total debt of $987.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.55 and $819.7 million of net debt (1.72 times EBITDA).
What is Tetra Tech's dividend yield?
Tetra Tech's forward dividend yield is 0.84%. Tetra Tech paid $65.0 million in dividends in fiscal 2025 ($0.24 per share), a payout ratio of 26.3%.
Does Tetra Tech buy back its shares?
Yes. Tetra Tech spent $250.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.1% over the year, to 267.1M..
What is Tetra Tech's free cash flow yield?
Tetra Tech generated $439.1 million of free cash flow in fiscal 2025, a free cash flow yield of 4.9% on its market value at year-end ($8.9 billion).
What is Tetra Tech's current ratio?
Tetra Tech's current ratio was 1.18 at the end of fiscal 2025: current assets were 1.18 times current liabilities.