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TPC

Tutor Perini Corporation

TPC

Tutor Perini Corporation • NYSE
$68.55 ▲ 1.47% (+0.99)
Market Cap $3.62 B
52w High $77.00
52w Low $18.34
Dividend Yield 0.24%
P/E -124.64
Volume 245.32K
Outstanding Shares 52.74M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.415B ▲ $129.301M ▲ $18.848M ▼ 1.332% ▼ $0.07 ▼ $59.763M ▼
Q2-2025 $1.374B ▲ $119.565M ▲ $19.974M ▼ 1.454% ▼ $0.38 ▼ $95.535M ▲
Q1-2025 $1.247B ▲ $69.076M ▼ $27.998M ▲ 2.246% ▲ $0.53 ▲ $81.499M ▲
Q4-2024 $1.068B ▼ $76.783M ▼ $-79.431M ▲ -7.44% ▲ $-1.51 ▲ $-70.37M ▲
Q3-2024 $1.083B $80.979M $-100.862M -9.315% $-1.92 $-89.837M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $931.519M ▲ $5.165B ▲ $3.912B ▲ $1.192B ▲
Q2-2025 $704.453M ▲ $4.87B ▲ $3.63B ▲ $1.185B ▲
Q1-2025 $276.489M ▼ $4.454B ▲ $3.267B ▲ $1.16B ▲
Q4-2024 $455.084M ▲ $4.243B ▼ $3.084B ▼ $1.135B ▼
Q3-2024 $287.403M $4.387B $3.155B $1.214B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $18.848M ▼ $289.121M ▲ $-63.267M ▼ $-14.85M ▼ $211.004M ▼ $240.17M ▼
Q2-2025 $47.086M ▲ $262.412M ▲ $-43.809M ▼ $11.692M ▲ $230.295M ▲ $262.412M ▲
Q1-2025 $42.749M ▲ $22.863M ▼ $-23.872M ▼ $-146.394M ▲ $-147.403M ▼ $-7.241M ▼
Q4-2024 $-76.208M ▲ $329.574M ▲ $-13.391M ▼ $-153.392M ▼ $162.791M ▲ $320.431M ▲
Q3-2024 $-89.602M $22.557M $-3.284M $2.635M $21.908M $15.643M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Building Group
Building Group
 $350.00M ▲$460.00M ▲$460.00M ▲$440.00M ▼
Civil
Civil
 $550.00M ▲$610.00M ▲$730.00M ▲$830.00M ▲
Specialty Contractors
Specialty Contractors
 $160.00M ▲$180.00M ▲$180.00M ▲$230.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been fairly resilient, dipping earlier in the period and then recovering more recently. The bigger story, though, is profit pressure: margins have narrowed significantly, and the company has moved from modest profitability a few years ago to several consecutive years of losses. This suggests that project mix, cost overruns, disputes, or pricing have weighed on results. The pattern points to a business that can win work and generate scale, but has struggled to convert that work into consistent earnings.

Balance Sheet

Balance Sheet The balance sheet shows a slow erosion of equity as losses have accumulated, which reduces the financial cushion over time. On the positive side, debt has been worked down meaningfully, easing financial risk compared with a few years ago. Cash levels have improved from earlier lows, which supports liquidity and day‑to‑day operations. Overall, the company looks less leveraged but also carries a thinner capital base, making future profitability and disciplined risk management especially important.

Cash Flow

Cash Flow Despite weak accounting profits, cash generation from operations has been broadly positive in most recent years, and free cash flow has generally followed the same pattern. Capital spending is relatively modest and stable, which helps support free cash flow. The one notable weak spot in the past was a year with negative operating cash flow, but since then the trend has been toward healthier cash inflows. This contrast—cash flowing in while earnings are negative—often reflects working capital swings, project timing, and accounting charges rather than a simple collapse in underlying activity.

Competitive Edge

Competitive Edge Tutor Perini is positioned as a specialist in large, complex, and technically demanding projects where fewer firms can compete. Its ability to self‑perform key trades and handle civil, building, and specialty work under one roof gives it strong control over quality and schedule, and can be attractive to clients that want a single, accountable partner. Long‑standing relationships with public agencies and a history of landmark projects reinforce its credibility. The flip side is that concentrating on mega‑projects exposes the company to higher project‑specific risk, legal disputes, and lumpiness in results if a few large jobs go poorly.

Innovation and R&D

Innovation and R&D The company’s innovation is mostly operational rather than laboratory‑style R&D. It has leaned heavily into digital tools such as Building Information Modeling and Virtual Design and Construction, running these capabilities in‑house to coordinate design, scheduling, and cost more tightly. This type of process innovation can cut errors and rework, and can differentiate the firm on complex jobs. Tutor Perini also emphasizes sustainable building practices and advanced cost‑modeling and bidding strategies. However, there is little evidence of breakthrough product‑level innovation; the edge appears to come from integrating technology, construction know‑how, and self‑performed trades more effectively than many peers.

Summary

Tutor Perini combines strong technical capabilities and a solid position in large infrastructure and complex buildings with a financial record that has become more volatile and pressured. The company is still winning work and generating cash, has reduced its debt burden, and maintains important competitive strengths in digital construction and self‑performance. At the same time, several years of losses and a thinner equity base highlight execution risk and the challenges of operating in a high‑stakes, low‑margin segment of construction. Future performance will largely hinge on converting its backlog and technical advantages into steadier, more reliable profitability while managing project and legal risks carefully.

NEWS

November 18, 2025 · 6:00 AM UTC

Tutor Perini Initiates a Quarterly Cash Dividend and a $200 Million Share Repurchase Program

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November 5, 2025 · 4:15 PM UTC

Tutor Perini Reports Strong Third Quarter 2025 Results; Further Raises 2025 Adjusted EPS Guidance

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October 28, 2025 · 7:43 PM UTC

Tutor Perini Announces Conference Call to Discuss Third Quarter 2025 Results

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October 27, 2025 · 7:10 PM UTC

Nagelbush Mechanical Awarded Five Projects Collectively Valued at $154.6 Million

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October 22, 2025 · 4:15 PM UTC

Fisk Electric Awarded $43.4 Million Electrical Contract for Cruise Terminal G Complex at Port of Miami

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