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- Tetra Tech
Tetra Tech Valuation Multiples
Discover revenue and EBITDA valuation multiples for Tetra Tech and similar public comparables like IES Holdings, Babcock International, Installed Building Products, SPIE and more.
Tetra Tech Overview
About Tetra Tech
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. It designs infrastructure, facilities, and other structures with complex plans and resource management. it has two reportable segments. Its Government Services Group (GSG) segment includes activities with U.S. government clients (federal, state and local) and activities with development agencies world-wide. Commercial/International Services Group (CIG) segment, which derives maximum revenue, includes activities with U.S. commercial clients and international clients other than development agencies.
Founded
1988
HQ

Employees
25.0K
Website
Financials (LTM)
EV
$10B
Tetra Tech Financials
Tetra Tech reported last 12-month revenue of $4B and EBITDA of $648M.
In the same LTM period, Tetra Tech generated $960M in gross profit, $648M in EBITDA, and $318M in net income.
Revenue (LTM)
Tetra Tech P&L
In the most recent fiscal year, Tetra Tech reported revenue of $5B and EBITDA of $657M.
Tetra Tech expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4B | XXX | $5B | XXX | XXX | XXX |
| Gross Profit | $960M | XXX | $961M | XXX | XXX | XXX |
| Gross Margin | 22% | XXX | 18% | XXX | XXX | XXX |
| EBITDA | $648M | XXX | $657M | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 12% | XXX | XXX | XXX |
| EBIT Margin | 13% | XXX | 11% | XXX | XXX | XXX |
| Net Profit | $318M | XXX | $248M | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 5% | XXX | XXX | XXX |
| Net Debt | — | — | $596M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Tetra Tech Stock Performance
Tetra Tech has current market cap of $9B, and enterprise value of $10B.
Market Cap Evolution
Tetra Tech's stock price is $36.02.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $10B | $9B | 0.0% | XXX | XXX | XXX | $0.95 |
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Start Free TrialTetra Tech Valuation Multiples
Tetra Tech trades at 2.3x EV/Revenue multiple, and 15.7x EV/EBITDA.
EV / Revenue (LTM)
Tetra Tech Financial Valuation Multiples
As of March 15, 2026, Tetra Tech has market cap of $9B and EV of $10B.
Equity research analysts estimate Tetra Tech's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Tetra Tech has a P/E ratio of 29.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV (current) | $10B | XXX | $10B | XXX | XXX | XXX |
| EV/Revenue | 2.3x | XXX | 1.9x | XXX | XXX | XXX |
| EV/EBITDA | 15.7x | XXX | 15.5x | XXX | XXX | XXX |
| EV/EBIT | 17.1x | XXX | 16.9x | XXX | XXX | XXX |
| EV/Gross Profit | 10.6x | XXX | 10.6x | XXX | XXX | XXX |
| P/E | 29.6x | XXX | 37.9x | XXX | XXX | XXX |
| EV/FCF | 25.1x | XXX | 23.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Tetra Tech Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Tetra Tech Margins & Growth Rates
Tetra Tech's revenue in the last 12 month declined by (2%).
Tetra Tech's revenue per employee in the last FY averaged $0.2M.
Tetra Tech's rule of 40 is 13% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Tetra Tech's rule of X is 10% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Tetra Tech Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (2%) | XXX | (22%) | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Growth | 2% | XXX | (3%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 13% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 10% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 7% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Tetra Tech Public Comps
See public comps and valuation multiples for other Construction & Engineering comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| IES Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Babcock International | XXX | XXX | XXX | XXX | XXX | XXX |
| Installed Building Products | XXX | XXX | XXX | XXX | XXX | XXX |
| SPIE | XXX | XXX | XXX | XXX | XXX | XXX |
| Stantec | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Tetra Tech M&A Activity
Tetra Tech acquired XXX companies to date.
Last acquisition by Tetra Tech was on XXXXXXXX, XXXXX. Tetra Tech acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Tetra Tech
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialTetra Tech Investment Activity
Tetra Tech invested in XXX companies to date.
Tetra Tech made its latest investment on XXXXXXXX, XXXXX. Tetra Tech invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Tetra Tech
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Tetra Tech
| When was Tetra Tech founded? | Tetra Tech was founded in 1988. |
| Where is Tetra Tech headquartered? | Tetra Tech is headquartered in United States. |
| How many employees does Tetra Tech have? | As of today, Tetra Tech has over 25K employees. |
| Who is the CEO of Tetra Tech? | Tetra Tech's CEO is Roger R. Argus. |
| Is Tetra Tech publicly listed? | Yes, Tetra Tech is a public company listed on Nasdaq. |
| What is the stock symbol of Tetra Tech? | Tetra Tech trades under TTEK ticker. |
| When did Tetra Tech go public? | Tetra Tech went public in 1991. |
| Who are competitors of Tetra Tech? | Tetra Tech main competitors are IES Holdings, Babcock International, Installed Building Products, SPIE. |
| What is the current market cap of Tetra Tech? | Tetra Tech's current market cap is $9B. |
| What is the current revenue of Tetra Tech? | Tetra Tech's last 12 months revenue is $4B. |
| What is the current revenue growth of Tetra Tech? | Tetra Tech revenue growth (NTM/LTM) is (2%). |
| What is the current EV/Revenue multiple of Tetra Tech? | Current revenue multiple of Tetra Tech is 2.3x. |
| Is Tetra Tech profitable? | Yes, Tetra Tech is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Tetra Tech? | Tetra Tech's last 12 months EBITDA is $648M. |
| What is Tetra Tech's EBITDA margin? | Tetra Tech's last 12 months EBITDA margin is 15%. |
| What is the current EV/EBITDA multiple of Tetra Tech? | Current EBITDA multiple of Tetra Tech is 15.7x. |
| What is the current FCF of Tetra Tech? | Tetra Tech's last 12 months FCF is $406M. |
| What is Tetra Tech's FCF margin? | Tetra Tech's last 12 months FCF margin is 9%. |
| What is the current EV/FCF multiple of Tetra Tech? | Current FCF multiple of Tetra Tech is 25.1x. |
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