Tetra Tech Reports Strong Q4 2026 Results with Record Backlog and Margin Expansion
Tetra Tech (TTEK) delivered a robust fourth quarter for fiscal 2026, reporting net revenue of $1.15 billion, representing 5% year-over-year growth when excluding episodic disaster response. The company achieved an adjusted EPS of $0.49, up 9% from the previous year, and saw its funded backlog reach a record $4.67 billion, marking a 13% increase. Growth was primarily driven by municipal water programs and federal infrastructure projects for agencies such as the U.S. Army Corps of Engineers. Despite strong performance, management noted potential headwinds including reduced Department of State work and anticipated declines in state and local disaster planning due to shifts in federal grant funding. However, these concerns are balanced by significant new contract wins, including a $1.4 billion NASA enterprise-wide technical support contract. Looking ahead, the company provided optimistic FY 2027 guidance with net revenue expected between $4.425 billion and $4.625 billion.