November 12, 2025 — Tetra Tech, Inc. (NASDAQ: TTEK) has announced its financial results for the fourth quarter and fiscal year ended September 28, 2025, showcasing significant revenue and earnings growth.
The company reported a 6% year-over-year increase in revenue for the fourth quarter, reaching $1.23 billion. Net revenue, excluding USAID and Department of State (DOS) contributions, rose by 10% to $1.07 billion. Adjusted operating income saw a 23% increase, totaling $168 million, and adjusted EPS increased by 29% to $0.44.
For the full fiscal year 2025, Tetra Tech reported a 9% increase in revenue, amounting to $4.79 billion. Net revenue increased by 10% to $4.06 billion. The adjusted operating income increased by 24% to $563 million, and adjusted EPS increased by 31% to $1.45.
Tetra Tech secured several key contracts recently:
- $500 million multiple-award contract for environmental services for USACE Baltimore District
- $249 million multiple-award contract for planning and engineering services for USACE Mobile District
- $240 million single-award contract for environmental assessment services for U.S. Navy
- $240 million multiple-award contract for planning and engineering services for USACE Norfolk District
- $38 million multiple-award contract for transmission and distribution services for an Irish grid operator
- $23 million single-award contract for water engineering services for Portsmouth Water in the U.K.
- $18 million single-award contract for high-voltage energy design services for a U.S. commercial client
On November 10, 2025, Tetra Tech’s Board of Directors approved a quarterly dividend of $0.065 per share, a 12% year-over-year increase, payable on December 12, 2025, to stockholders of record as of December 1, 2025. During the fourth quarter, the company repurchased $50 million of common stock, with $598 million remaining under approved share repurchase programs as of September 28, 2025.
Dan Batrack, Chairman and CEO, attributed the strong performance to high demand for the company’s consulting services in resilient water management and digital water automation. President Roger Argus noted an increased demand for high-end services related to water-reliant infrastructure development, including data centers and industrial manufacturing, as well as front-end consulting services for coastal and marine infrastructure.
Tetra Tech anticipates net revenue for fiscal year 2026 to range from $4.05 billion to $4.25 billion, with EPS guidance between $1.40 and $1.55. For the first quarter of fiscal year 2026, the company projects net revenue between $950 million and $1.0 billion and EPS between $0.30 and $0.33.
Investors can access a live audio-visual webcast and supplemental financial information on the company’s website on November 13, 2025, at 8:00 a.m. (PT).
Tetra Tech is a provider of consulting and engineering services related to water, the environment, and sustainable infrastructure.
Source: Tetra Tech
