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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Tetra Tech
Tetra Tech (TTEK) investor relations material
Tetra Tech Q4 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2026 earnings summary12 Nov, 2026
Executive summary
FY26 net revenue grew 7% excluding USAID/DOS and episodic disaster response; funded backlog reached $4.67B, up 13% YoY, supporting continued growth and margin expansion.
FY26 reported EPS reached a record $1.69; adjusted EPS was $1.60. Q4 adjusted EPS was $0.49, up 9% YoY.
Broad-based demand across government and commercial markets was led by water, infrastructure, and digital automation work.
Financial highlights
Q4 revenue was $1.337B and net revenue was $1.153B; FY26 revenue was $5.077B and net revenue was $4.348B.
FY26 reported net revenue declined from $4.617B to $4.348B; excluding USAID/DOS and episodic disaster response, it rose 7% to $4.077B from $3.802B.
FY26 operating income was $618.9M versus $408.4M in FY25; net income attributable to shareholders was $440.0M versus $247.7M.
Q4 adjusted EBITDA was $194.5M; FY26 adjusted EBITDA was $660.0M.
FY26 operating cash flow was $523M, up 14% YoY from $458M; it exceeded net income for the 21st consecutive year.
Outlook and guidance
FY27 net revenue guidance is $4.425B–$4.625B and EPS guidance is $1.65–$1.80; guidance excludes future acquisition contributions.
Q1 FY27 net revenue guidance is $1.04B–$1.08B and EPS guidance is $0.36–$0.38.
FY27 market outlook: U.S. Commercial +10%, International +5%, U.S. Federal +5%, and U.S. State & Local flat.
FY27 assumptions include $24M intangible amortization, $25M depreciation, $30M–$35M interest expense, a 27.5% effective tax rate, and 255M average diluted shares.
Federal growth guidance is all-in; lower Department of State/Ukraine revenue is a headwind, while backlog includes amounts expected to convert during FY27.
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Latest events from Tetra Tech
- Q3 net revenue and EPS beat guidance, with record cash flow and a rising backlog.TTEK
Q3 2026 - Q2 saw 8% revenue growth, record EBITDA, and raised FY26 guidance on strong demand.TTEKQ2 2026
- Q1-26 delivered robust growth in revenue and EPS, with raised FY26 guidance and strong backlog.TTEKInvestor presentation
- Net revenue up 8% and EPS up 17% year-over-year, with raised FY26 guidance and major contract wins.TTEKQ1 2026
- Director elections, executive pay, stock plan, and auditor ratification up for February 2026 vote.TTEKProxy Filing
- Record financials, strong governance, and major ESG progress with key votes at 2026 meeting.TTEKProxy Filing
- Record Q3 results, raised guidance, and a five-for-one stock split highlight strong momentum.TTEKQ3 2024
- Record revenue, margin, and backlog growth drive robust FY2025 outlook.TTEKQ4 2024
- Record revenue, backlog, and adjusted EPS growth despite legal charge and paused federal work.TTEKQ1 2025
Next Tetra Tech earnings date
Q1 202728 Jan, 2027
Tetra Tech
Next Tetra Tech earnings date
Q1 202728 Jan, 2027
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Frequently asked questions
Tetra Tech Inc provides consulting and engineering services in areas such as water, environment, infrastructure, resource management, and energy. The company offers project management, technical services, and sustainable solutions to government and commercial clients. The company is headquartered in Pasadena, California, and its shares are listed on the NASDAQ.