# Tetra Tech Inc (TTEK) — Stock CV

Tetra Tech Inc is a $8.54B technology company. Revenue grew 10.0% over the last year, it keeps 9¢ of every dollar of sales as profit, and its net debt equals ~1.1 years of free cash flow. It trades at 19.6× earnings — near the lowest of its own history.

> Tetra Tech Inc provides consulting and engineering services for environmental, infrastructure, resource management, energy, and international development markets. It specializes in providing water-related services for public and private clients.

## Identity

- **Ticker**: TTEK
- **Sector**: Technology
- **Industry**: Services-Engineering Services
- **Headquarters**: PASADENA, CA
- **Employees**: 25 000
- **Website**: https://www.tetratech.com
- **Market cap**: $8.54B
- **Last price**: $33.34
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $5.07B
- **Net income**: $436M
- **Free cash flow**: $548M
- **Net debt**: $596M
- **P/E**: 19.6
- **Revenue growth (YoY)**: 10.0%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 90 |
| Growth | 38 |
| Profitability | 57 |
| Health | 49 |
| Quality | 85 |
| Moat | 62 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +10.0% YoY
- [x] Profitable — $436M TTM
- [ ] Profit growing — -1.5% YoY
- [x] Generates cash — $548M TTM
- [x] Debt under control — ~1.1y of cash flow to repay
- [x] Established company — $8.54B market cap
- [x] Not printing shares — -2.9% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 37/100
- [x] Pays a dividend — yield 0.81%
- [x] Valuation not extreme — P/E 19.6

## Experience (career milestones)

- **FY2024** — Best year on record: $333M net income
- **2024** — Tetra Tech announced the acquisition of LS Technologies, a Fairfax Virginia based contracting firm
- **2023** — Tetra Tech completed its largest-ever acquisition in January 2023
- **2022** — Tetra acquired The Integration Group of Americas (TIGA), a systems integration and engineering…
- **2021** — Tetra Tech acquired Coanda Research and Development Corporation, a Canadian engineering consulting…
- **2019** — Tetra Tech acquired the UK-based professional consultancy firm White Young Green in 2019
- **2018** — Tetra Tech acquired Bridgenet
- **2017** — Tetra Tech acquired Glumac in October 2017
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $2.58B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2015** — Coffey International was purchased
- **1982** — Honeywell purchased Tetra Tech's U.S. operations and another group acquired Tetra Tech International
- **1966** — Tetra Tech, Inc. was founded in 1966 as the Water Management Group of Tetra Tech Inc., by Nicholas Boratynski, Henri…

## Strengths

- Interest covered 13.3× by operating earnings

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $3.21B | $233M | $296M |
| FY2022 | $2.84B | $263M | $326M |
| FY2023 | $4.52B | $273M | $342M |
| FY2024 | $4.32B | $333M | $341M |
| FY2025 | $5.44B | $248M | $439M |

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Source: https://stockcv.com/TTEK — derived from company filings; may be delayed or incomplete. Information, not investment advice.