Tetra Tech Reports Record Fiscal 2026 Earnings and $4.7 Billion Funded Backlog

Tetra Tech (TTEK) reported record operating income and earnings per share for fiscal 2026, driven by a strategic focus on high-end water and environmental engineering. The company ended the fiscal year with a funded backlog of $4.7 billion, representing a 13% increase from the previous year. This robust backlog provides significant multiyear revenue visibility across federal, municipal, and commercial sectors. Management highlighted strong momentum in the U.S. commercial segment, particularly within advanced manufacturing, mining, and data centers. Driven by demand for water recycling and digital automation solutions, Tetra Tech projects 10% revenue growth in this segment for fiscal 2027. The company also remains committed to its long-term goal of expanding EBITDA margins by an average of 50 basis points annually through high-margin technical design services.

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