Tetra Tech, Inc. (Tetra Tech) provides high-end consulting and engineering services that focuses on water, environment and sustainable infrastructure. Th company is a global company that is Leading with Science to provide innovative solutions for its public and private clients. The company typically begin at the earliest stage of a project by identifying technical solutions and developing execution plans tailored to its clients' needs and resources.
Tetra Tech is Leading with Science to provide...
Tetra Tech, Inc. (Tetra Tech) provides high-end consulting and engineering services that focuses on water, environment and sustainable infrastructure. Th company is a global company that is Leading with Science to provide innovative solutions for its public and private clients. The company typically begin at the earliest stage of a project by identifying technical solutions and developing execution plans tailored to its clients' needs and resources.
Tetra Tech is Leading with Science to provide sustainable and resilient solutions to the company’s clients' most complex needs. The company’s reputation for high-end consulting and engineering services and its ability to develop solutions for water and environmental management has supported its growth for more than 50 years. The company’s market leading climate mitigation and adaptation services are solving its clients' most complex challenges related to coastal flooding, water security, energy transition and biodiversity protection. In fiscal 2024, the company worked on over 100,000 projects, in more than 100 countries on all seven continents, with a talent force of 30,000 associates. The company is Leading with Science throughout its operations, with domain experts across multiple disciplines supported by its advanced analytics, artificial intelligence (AI), machine learning and digital technology solutions. The company’s ability to provide innovative and first-of-kind solutions is enhanced by partnerships with its forward-thinking clients. The company seeks to add value and provide long-term sustainable consulting, engineering and technology solutions.
The following core principles form the underpinning of how the company works together to serve its clients:
Service: The company puts its clients first. The company listens closely to better understand its clients' needs and deliver smart, cost-effective solutions that meet their needs.
Value: The company solves its clients' problems as if they were its own. The company develops and implements sustainable solutions that are innovative, efficient and practical.
Excellence: The company brings superior technical capability, disciplined project management and excellence in safety and quality to all of its services.
Opportunity: Opportunity means new technical challenges that provide advancement within the company, encourage an inclusive and diverse workforce and ensure a safe workplace.
The company has a strong project management culture that enables it to deliver on more than 100,000 projects per fiscal year. The company’s client-focused project management is supported by strong fiscal management and financial tools.
The company has built a broad client and contract base by proactively understanding its clients' priorities and demonstrating a long track record of successful performance that results in repeat business and limits competition. Proximity to the company’s clients is also instrumental to integrating global experience and resources with an understanding of its local clients' needs.
The company is often at the leading edge of new challenges where it is delivering one-of-a-kind solutions. These might be a new water treatment technology, a unique solution to addressing coastal erosion, an AI-enabled system for remote assessment of infrastructure assets or a digital twin for real time management of water treatment systems.
The company combines interdisciplinary capabilities, technical resources and institutional knowledge to implement complex projects that are at the leading edge of policy and technology development for its clients around the world.
Leading with Science
At Tetra Tech, the company provides value-generating solutions by combining operational expertise, science and technology. By Leading with Science and leveraging the company’s collective technology including advanced data analytics, digital technologies and AI, it creates transformational solutions and provide subscription software solutions to its clients.
Tetra Tech's proprietary technologies and solutions, referred to collectively as the Tetra Tech Delta, differentiate the company in the market and provides it with a competitive advantage. The company creates customized solutions; from smart data collection and advanced analytics that support decision making to AI-enabled solutions for asset management. The company’s Tetra Tech Delta technologies are drawn from its decades of operational experience and a reservoir of technical applications that are shared throughout the company, as well as scalable solutions that are sold externally as software subscriptions. The company’s high-end teams connect interdisciplinary experts from across its staff worldwide. Tetra Tech mobilizes teams that include analysts, statisticians, digital engineers and industry experts who effectively implement value-generating and pragmatic solutions for the company’s clients.
These advanced analytical solutions enable the company to provide clients with real-time reporting, automated and remote data collection and dashboards for tracking and communicating results. Tetra Tech Delta is continually expanding and includes cutting-edge tools on interpretive analysis, modeling of physical systems, forecasting and scenario analysis, optimization and operations research. The company’s subscription solutions provide its clients with extended capabilities for AI-enabled large scale data management, spatial data interpretation, and ability to build and utilize digital twins for land, coastal and structural assets.
Leading with Science also means fully leveraging the collective expertise provided by the company’s global workforce of 30,000 associates. The company actively shares information, ideas and resources across its global operations through its network structure, guided subject matter teams and project team building. The company uses company-wide virtual events to engage Tetra Tech experts world-wide to solve client challenges and identify the best ideas for further development. The company also proactively shares emerging technology and new ideas through its knowledge transfer system, Tetra Tech Technology Transfer (T4). T4 facilitates the company’s innovation culture through webcasts, blogs, multi-media and social media across its global operations. The company’s Tetra Tech Learning Hub provides a full suite of training resources, including project management, leadership development, and broad technical skills. Learning Hub curriculum is provided through online training, virtual workshops and in-person events.
Segments
The company operates through two segments, Government Services Group and Commercial/International Services Group.
Government Services Group (GSG) reportable segment primarily includes activities with the U.S. government clients (federal, state and local) and all activities with development agencies worldwide.
Commercial/International Services Group (CIG) reportable segment primarily includes activities with U.S. commercial clients and international clients other than development agencies.
Government Services Group
GSG provides high-end consulting and engineering services primarily to the U.S. government clients (federal, state and local) and international development agencies worldwide. GSG supports U.S. government civilian and defense agencies with services in water, environment, sustainable infrastructure, information technology and disaster management. GSG also provides engineering design services for U.S. based federal and municipal clients, especially in water infrastructure, flood protection and solid waste. GSG also leads the company’s support for development agencies worldwide, especially in the United States, the United Kingdom and Australia.
GSG provides consulting and engineering services for a broad range of water, environment and sustainable infrastructure-related needs primarily for the U.S. government clients. The primary GSG markets include water resources analysis and water management, environmental monitoring, data analytics, government consulting, waste management and a broad range of civil infrastructure master planning and resilient engineering design for facilities, transportation and local development projects. GSG's services span from early data collection and monitoring, to data analysis and information management, to science and engineering applied research, to engineering design, to project management and operations and maintenance.
GSG provides the company’s clients with sustainable solutions that optimize their water management and environmental programs to address regulatory requirements, improve operational efficiencies and manage assets. The company’s services advance resiliency through the greening of infrastructure, design of energy efficiency and resource conservation programs, innovation in the capture and sequestration of carbon, development of disaster preparedness and response plans and improvement in water and land resource management practices. The company provides energy management consulting, and greenhouse gas (GHG) inventory assessment, certification, reduction and management services. GSG also provides planning, architectural and engineering services for U.S. federal, state and local government facilities. The company supports government agencies with related resilient infrastructure needs, asset management for military housing and educational, institutional and research facilities.
The company’s integrated water management services support government agencies responsible for managing water supplies, wastewater treatment, storm water management and flood protection. The company helps its clients develop more resilient water supplies and more sustainable management of water resources, while addressing a wide range of local and national government requirements and policies. Fluctuations in weather patterns and extreme events, such as prolonged droughts and more frequent flooding, are increasing concerns over the reliability of water supplies, the need to protect coastal areas and flood mitigation and adaptation in metropolitan areas. The company provides smart water infrastructure solutions that integrate water modeling, instrumentation and controls and real-time controls to create flexible water systems that respond to changing conditions, optimize use of existing infrastructure and provide clients with the ability to monitor and manage their water infrastructure more efficiently. The company provides operational technology for secure management of water treatment and wastewater systems, including cybersecurity assessments and digital twin solutions.
The company also supports government agencies in the full range of disaster response and community resilience services, including monitoring and environmental response, damage assessment and program management services and resilient engineering design and mitigation planning. The company has a full suite of Tetra Tech Delta technology and specialized software that support its disaster response, planning and management support services. These tools and procedures address disaster management and community resilience data management needs, including information technology systems, portals, dashboards, data management, data analytics and statistical analysis.
GSG provides a wide range of consulting and engineering services for solid waste management, including landfill design and management, and recycling facility design throughout the United States; providing design, project management and maintenance services to manage solid and hazardous waste; as well as innovative renewable energy projects such as solar energy-generating landfill caps; and providing full-service solutions for gas-to-energy facilities to efficiently use landfill methane gas.
The company provides high-end advanced analytics and information technology (IT) consulting and support to various federal clients, including AI applications, machine learning, modernization of IT systems and cloud migration. The company designs solutions to manage and analyze data for major federal agency programs, including data related to health, security, environment and water programs. The company provides technical support for the Federal Aviation Administration to optimize the U.S. airspace system and support related aviation systems integration for the U.S. and other countries' metropolitan airports. The company provides specialized software products, modeling and data analytics for airspace acoustic analysis. The company’s aviation airspace services include data management, data processing, communications and outreach and systems development; and providing systems analysis and information management.
The company supports governments in implementing international development programs for developing nations to help them address numerous challenges, including access to potable water, essential energy needs, economic development and climate adaptation. The company’s international development services include supporting donor agencies to develop safe and reliable water supplies and sanitation services, support the eradication of poverty, improve livelihoods, promote democracy and increase economic growth. The company’s programs span planning, designing, implementing, researching and monitoring projects and leverage advanced technology and AI-enabled analytics to collect, interpret and provide solutions for its clients. Key areas of focus include agriculture and rural development, governance and institutional development, natural resources and the environment, energy and power, infrastructure, economic growth, rule of law and justice systems, land tenure and property rights and training and consulting for public-private partnerships. The company’s projects also include building capacity and strengthening institutions in areas, such as global health, energy sector reform, utility management, education, food security and local governance.
Commercial/International Services Group
CIG primarily provides high-end consulting and engineering services to the U.S. commercial clients, and international clients inclusive of the commercial and government sectors. CIG supports commercial clients worldwide in renewable energy, industrial, high-performance buildings and aerospace markets. CIG also provides sustainable infrastructure and related environmental, engineering, and project management services to commercial and local government clients across Canada, in Asia Pacific (primarily Australia and New Zealand), Europe, the United Kingdom, and South America (primarily Brazil).
CIG provides consulting and engineering services worldwide for a broad range of water, environment and sustainable infrastructure-related needs in both developed and emerging economies. The primary markets for CIG's services include natural resources, energy and utilities, as well as sustainable infrastructure master planning and engineering design for facilities, transportation and local development projects. CIG's services span from early data collection and monitoring to data analysis and information management, to feasibility studies and assessments, to science and engineering applied research, to engineering design, to project management and operations and maintenance. CIG advances the application and development of Tetra Tech Delta technologies and integrates the company’s high-end AI-enabled software solutions for a wide range of applications, including condition assessments, digital twins, integration of satellite and drone imagery and advanced rapid scanning techniques.
CIG's environmental services include cleanup and beneficial reuse of sites contaminated with hazardous materials, toxic chemicals and oil and petroleum products, which cover all phases of the remedial planning process, starting with disaster response and initial site assessment through removal actions, remedial design and implementation oversight; and supporting both commercial and government clients in planning and implementing remedial activities at numerous sites around the world, and providing a broad range of environmental analysis and planning services.
CIG also supports commercial clients by providing design services to renovate, upgrade and modernize industrial water supplies, and address industrial water treatment and water reuse needs; and provides plant engineering, project execution and program management services for industrial water treatment projects throughout the world.
CIG provides planning, architectural and high-performance building engineering services for commercial and government facilities. The company provides high-end design of sustainable energy, water and GHG decarbonization solutions, including civil, electrical, mechanical, structural and hydraulic engineering for buildings, campuses and surrounding developments. The company provides high-end services in addressing indoor health and associated assessment, consulting and retrofits of buildings to address indoor air quality and safety. The company also provides engineering services for a wide range of clients with specialized needs, such as data centers, advanced manufacturing, security systems, training and audiovisual facilities, clean rooms, laboratories, medical facilities and disaster preparedness facilities.
CIG's international services, especially in Canada, Europe, the United Kingdom, and the Asia Pacific, include high-end analytical, engineering, architecture, geotechnical, project management and advisory services for infrastructure projects, including early project planning, rail and roadway monitoring and asset management services, collection of condition data, optimization of upgrades and long-term planning for expansion; multi-modal design services for commuter railway stations, airport expansions, bridges and major highways and ports and harbors; and designing resilient solutions to repair, replace and upgrade older transportation infrastructure.
CIG provides infrastructure design services in extreme and remote areas by using specialized techniques that are adapted to local resources, while minimizing environmental impacts, and considering potential climate change impacts. These include providing consulting, geotechnical and design services to owners of transportation, natural resources, energy and community infrastructure in areas of permafrost or extreme climate regions.
CIG's energy services include support for electric power utilities and independent power producers worldwide, ranging from macro-level planning and management advisory services to project-specific environmental, engineering, project management and operational services, and advising on energy security and the design and implementation of smart grids, both domestically and internationally, including increasing utility automation, information and operational technologies and critical infrastructure security. For utilities and governmental regulatory agencies, the company’s services include policy and regulatory development, utility management, performance improvement and asset management and evaluation. For developers and owners of renewable energy resources such as solar grid and off-grid, on-shore and off-shore wind, biogas and biomass, tidal, hydropower, conventional power generation facilities, micro-grid and battery or alternative storage facilities, as well as transmission and distribution assets, the company’s services include environmental, electrical, mechanical and civil engineering, procurement, operations and maintenance and regulatory support for all project phases.
CIG supports industrial clients globally. The company’s services include environmental permitting support, siting studies, strategic planning and analyses; design of site civil works; water management; biological and cultural assessments, and site investigations; and hazardous waste site remediation.
CIG also provides environmental remediation and reconstruction services to evaluate and restore lands to beneficial use, remediating, and restoring contaminated facilities in the U.S. and around the world; managing large, complex sediment remediation programs that help restore rivers and coastal waters to beneficial use; and supporting utilities in the U.S. in implementing restoration and environmental management programs.
Project Examples
Project examples are provided on the company website located at tetratech.com, including expert interviews, in-depth articles and project profiles that demonstrate its services across water, environment, sustainable infrastructure, renewable energy and international development.
Clients
The company provides services to a diverse base of the U.S. federal government, U.S. state and local government, the U.S. commercial and international clients. The following table presents the percentage of the company’s revenue by client sector:
U.S. federal government agencies are significant clients. The U.S. Agency for International Development accounted for 13.0% of the company’s revenue in fiscal 2024. The Department of Defense (DoD) accounted for 8.5% of the company’s revenue in fiscal 2024. The company typically supports multiple programs within a single the U.S. federal government agency, both domestically and internationally. The company also assists the U.S. state and local government clients in various jurisdictions across the United States. The company’s international clients are primarily focused in Canada, Australia, Europe and the United Kingdom, and consist of a relatively equal sized mix of government and commercial clients. The company’s the U.S. commercial clients include companies in the chemical, energy, pharmaceutical, retail, aerospace and automotive industries.
Contracts
The company’s services are performed under three principal types of contracts with its clients: fixed-price, time-and-materials and cost-plus.
Some of the company’s operating units have contracts with the U.S. federal government that are subject to audit by the government, primarily the Defense Contract Audit Agency (DCAA). The DCAA examines the company’s internal control systems, management policies and financial capability; evaluates the accuracy, reliability and reasonableness of its cost representations and records; and assesses its compliance with Cost Accounting Standards (CAS) and defective-pricing clauses found within the Federal Acquisition Regulation (FAR).
The DCAA considers the company’s cost accounting system, estimating methods and procedures and specific proposal requirements.
Growth Strategy
The company maintains centralized business development resources to develop its corporate branding and marketing materials, support proposal preparation and planning, conduct market research and manage promotional and professional activities, including appearances at trade shows, advertising and public relations.
The company has established company-wide growth initiatives that reinforce internal coordination, track the development of new programs, identify and coordinate collective resources for major bids and bring together high-end interdisciplinary teams that provide innovative solutions for major pursuits. The company’s growth initiatives provide a forum for cross-sector collaboration, access to technical solutions and the development of interdisciplinary solutions. The company continuously identifies new markets that are consistent with its strategic plan and service offerings, and it leverages its full-service capabilities and internal coordination structure to develop and implement strategies to research, anticipate and position us for future procurements and emerging programs. The company’s Tetra Tech Delta program facilitates access and exchange of technology solutions and AI-enabled software solutions across its, through the use of internal training, inventories and facilitated virtual networking events.
The company’s strategic growth plans are augmented by its selective investment in acquisitions aligned with its business. Acquisitions advance the company’s strategy by adding new technologies, broadening its service offerings, adding contract capacity and expanding its geographic presence. The company’s long-established experience in identifying and integrating acquisitions strengthens its ability to integrate and rapidly leverage the resources of the acquired companies post-acquisition.
Acquisitions
In the second quarter of fiscal 2024, the company acquired LS Technologies (LST), an innovative U.S. federal enterprise technology services and management consulting firm based in Fairfax, Virginia. LST provides high-end consulting and engineering services including advanced data analytics, cybersecurity and digital transformation solutions to U.S. government clients. In the third quarter of fiscal 2024, the company also acquired Convergence Controls & Engineering (CCE), an industry leader in process automation and systems integration solutions. CCE’s expertise includes customized digital controls and software solutions, advanced data analytics, cloud data integration and cybersecurity applications. Both LST and CCE are included in the company’s GSG segment.
In the second quarter of fiscal 2023, the company completed the acquisition of RPS Group plc (RPS), a publicly traded company on the London Stock Exchange. RPS employs approximately 5,000 associates in the United Kingdom, Europe, the Asia Pacific and North America, delivering high-end solutions, especially in energy transformation, water and program management for government and commercial clients. Substantially all of RPS is included in the company’s CIG segment.
In 2023, the company also acquired Amyx, Inc. (Amyx), an enterprise technology services, cybersecurity and management consulting firm based in Reston, Virginia. Amyx provides application modernization, cybersecurity, systems engineering, financial management and program management support on over 30 U.S. federal government programs. Amyx is included in the company’s GSG segment.
Divestitures
In 2024, the company agreed to divest a financially immaterial subsidiary in South America and a line of business in Australia.
Seasonality
The company experiences seasonal trends in its business. The company’s revenue and operating income are typically lower in the first half of its fiscal year (year ended September 29, 2024) primarily due to the Thanksgiving (in the U.S. and Canada), Christmas and New Year's holidays. Many of the company’s clients' employees, as well as its own employees, take vacations during these holiday periods. These occurrences result in fewer billable hours worked on projects and, correspondingly, less revenue recognized.
Regulations
Certain of the company’s business operations are covered by U.S. Public Law 85-804, which provides for government indemnification against claims and damages arising out of unusually hazardous activities performed at the request of the government.
History
Tetra Tech, Inc. was founded in 1966. The company was incorporated in 1988.
