Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in public works construction and the replacement and reconstruction of infrastructure; and offers civil contracting services, including construction and rehabilitation of highways, bridges, tunnels, mass-transit systems, military and other government facilities, and water management and wastewater treatment facilities, as well as provides drilling, foundation, and excavation support for shoring, bridges, piers, roads, and highway projects. The Building segment offers various specialized building markets, such as hospitality and gaming, transportation, healthcare, commercial offices, government facilities, sports and entertainment, education, correctional and detention facilities, biotech, pharmaceutical, industrial, and technology. The Specialty Contractors segment provides electrical, mechanical, plumbing, and fire protection systems, as well as heating, ventilation, and air conditioning services (HVAC) for civil and building construction projects in industrial, commercial, hospitality and gaming, and mass-transit end markets. It also offers pre-construction planning and project management services comprising planning and scheduling of the manpower, equipment, materials, and subcontractor services; and self-performed construction services consisting of site work, concrete forming and placement, and steel erection. The company was formerly known as Perini Corporation and changed its name to Tutor Perini Corporation in May 2009. Tutor Perini Corporation was founded in 1894 and is headquartered in Sylmar, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $5.5B | $305M | $80M | $567M | 6.6% | 28.1% | -149.1% |
| 2024 | $4.3B | $-35M | $-164M | $466M | -14.4% | 11.5% | -4.3% |
| 2023 | $3.9B | $-54M | $-171M | $256M | -13.3% | 2.4% | -18.5% |
| 2022 | $3.8B | $-135M | $-210M | $147M | -14.5% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 3,790.76 | 3,880.23 | 4,326.92 | 5,543.04 |
| Operating Revenue | - | 3,790.76 | 3,880.23 | 4,326.92 | 5,543.04 |
| Cost Of Revenue | - | 3,761.14 | 3,739.60 | 4,129.88 | 4,895.52 |
| Gross Profit | - | 29.61 | 140.62 | 197.04 | 647.52 |
| Operating Expense | - | 234.38 | 255.22 | 300.79 | 415.55 |
| Selling General And Administration | - | 234.38 | 255.22 | 300.79 | 415.55 |
| Total Expenses | - | 3,995.52 | 3,994.82 | 4,430.68 | 5,311.08 |
| Operating Income | - | -204.76 | -114.60 | -103.75 | 231.96 |
| Total Operating Income As Reported | - | -204.76 | -114.60 | -103.75 | 231.96 |
| EBITDA | - | -135.28 | -54.03 | -34.75 | 304.74 |
| Normalized EBITDA | - | -135.28 | -54.03 | -33.55 | 304.74 |
| EBIT | - | -199.64 | -99.26 | -88.53 | 254.92 |
| Interest Expense | - | 68.03 | 83.29 | 84.48 | 50.41 |
| Net Interest Income | - | -69.64 | -85.16 | -87.94 | -54.96 |
| Other Non Operating Income Expenses | - | 6.73 | 17.20 | 19.88 | 27.51 |
| Other Income Expense | - | 6.73 | 17.20 | 18.68 | 27.51 |
| Interest Expense Non Operating | - | 68.03 | 83.29 | 84.48 | 50.41 |
| Net Non Operating Interest Income Expense | - | -69.64 | -85.16 | -87.94 | -54.96 |
| Pretax Income | - | -267.67 | -182.55 | -173.01 | 204.51 |
| Tax Provision | - | -75.10 | -54.96 | -50.67 | 61.43 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | -0.35 | 0 |
| Net Income Continuous Operations | - | -192.57 | -127.60 | -122.34 | 143.08 |
| Net Income From Continuing And Discontinued Operation | - | -210.01 | -171.16 | -163.72 | 80.44 |
| Net Income From Continuing Operation Net Minority Interest | - | -210.01 | -171.16 | -163.72 | 80.44 |
| Net Income | - | -210.01 | -171.16 | -163.72 | 80.44 |
| Net Income Common Stockholders | - | -210.01 | -171.16 | -163.72 | 80.44 |
| Net Income Including Noncontrolling Interests | - | -192.57 | -127.60 | -122.34 | 143.08 |
| Normalized Income | - | -210.01 | -171.16 | -162.87 | 80.44 |
| Diluted NI Availto Com Stockholders | - | -210.01 | -171.16 | -163.72 | 80.44 |
| Basic Average Shares | - | 51.32 | 51.84 | 52.32 | 52.69 |
| Diluted Average Shares | - | 51.32 | 51.84 | 52.32 | 53.41 |
| Reconciled Depreciation | - | 64.36 | 45.23 | 53.79 | 49.82 |
| Reconciled Cost Of Revenue | - | 3,761.14 | 3,739.60 | 4,129.88 | 4,895.52 |
| Total Unusual Items | - | 0 | 0 | -1.20 | 0 |
| Total Unusual Items Excluding Goodwill | - | 0 | 0 | -1.20 | 0 |
| Minority Interests | - | -17.44 | -43.56 | -41.38 | -62.64 |
| Special Income Charges | - | 0 | 0 | -1.20 | 0 |
| Other Special Charges | - | - | - | 1.20 | - |
| Impairment Of Capital Assets | 0 | - | - | - | - |
| General And Administrative Expense | - | 234.38 | 255.22 | 300.79 | 415.55 |
| Other Gand A | - | 234.38 | 255.22 | 300.79 | 415.55 |
| Total Other Finance Cost | - | 1.61 | 1.87 | 3.46 | 4.55 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Tutor Perini Corporationthis co. | TPC | $3.8B | 47.50 | 3.14 | 6.6% | 11.47 |
| BETA Technologies, Inc. | BETA | $4.3B | -5.82 | 2.39 | -41.0% | -3.99 |
| Redwire Corporation | RDW | $4.3B | -18.82 | 4.02 | -21.4% | -23.94 |
| The Brink's Company | BCO | $4.2B | 20.82 | 14.97 | 71.9% | 7.92 |
| NuScale Power Corporation | SMR | $4.2B | -11.67 |
| - |
| - |
| - |
| - |
| - |
| - |
| 3.55 |
| -30.4% |
| - |
| York Space Systems, Inc. | YSS | $3.8B | -45.52 | 4.43 | -9.7% | -211.18 |
| GPGI, Inc. | GPGI | $3.5B | -25.51 | 14.27 | -55.9% | -15.20 |
| T1 Energy Inc. | TE | $3.3B | -8.85 | 13.01 | -146.9% | -17.22 |
| Amprius Technologies, Inc. | AMPX | $3.2B | -72.51 | 30.75 | -42.4% | -168.40 |
| Peer Median | - | -15.24 | 8.72 | -35.7% | -17.22 | |