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 | 6.4% | 28.1% | - |
| 2024 | $4.3B | $-35M | $-164M | $466M | -14.1% | 11.5% | - |
| 2023 | $3.9B | $-54M | $-171M | $256M | -13.3% | 2.4% | - |
| 2022 | $3.8B | $-135M | $-210M | $147M | -14.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 | 647.51 |
| Operating Expense | 234.38 | 255.22 | 300.79 | 415.55 |
| Operating Income | -204.76 | -114.60 | -103.75 | 231.96 |
| EBITDA | -135.28 | -54.03 | -34.75 | 304.74 |
| EBIT | -199.65 | -99.26 | -88.53 | 254.92 |
| Pretax Income | -267.67 | -182.55 | -173.01 | 204.51 |
| Tax Provision | -75.10 | -54.96 | -50.67 | 61.43 |
| Net Income | -210.01 | -171.16 | -163.72 | 80.44 |
| Net Income Common Stockholders | -210.01 | -171.16 | -163.72 | 80.44 |
| Total Expenses | 3,995.52 | 3,994.82 | 4,430.68 | 5,311.08 |
| Interest Expense | 68.03 | 83.29 | 84.47 | 50.41 |
| Selling General And Administration | 234.38 | 255.22 | 300.79 | 415.55 |
| Normalized EBITDA | -135.28 | -54.03 | -33.55 | 304.74 |
| Normalized Income | -210.01 | -171.16 | -162.87 | 80.44 |
| Basic EPS | -4.09 | -3.30 | -3.13 | 1.53 |
| Diluted EPS | -4.09 | -3.30 | -3.13 | 1.51 |
| Tax Effect Of Unusual Items | 0 | 0 | -0.35 | 0 |
| Tax Rate For Calcs | 0.28 | 0.30 | 0.29 | 0.30 |
| Total Unusual Items | 0 | 0 | -1.20 | 0 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | -1.20 | 0 |
| Net Income From Continuing Operation Net Minority Interest | -210.01 | -171.16 | -163.72 | 80.44 |
| Reconciled Depreciation | 64.36 | 45.23 | 53.79 | 49.81 |
| Reconciled Cost Of Revenue | 3,761.14 | 3,739.60 | 4,129.88 | 4,895.52 |
| Net Interest Income | -69.64 | -85.16 | -87.94 | -54.97 |
| Net Income From Continuing And Discontinued Operation | -210.01 | -171.16 | -163.72 | 80.44 |
| Total Operating Income As Reported | -204.76 | -114.60 | -103.75 | 231.96 |
| Diluted Average Shares | 51.32 | 51.84 | 52.32 | 53.41 |
| Basic Average Shares | 51.32 | 51.84 | 52.32 | 52.69 |
| Diluted NI Availto Com Stockholders | -210.01 | -171.16 | -163.72 | 80.44 |
| Minority Interests | -17.44 | -43.56 | -41.38 | -62.64 |
| Net Income Including Noncontrolling Interests | -192.57 | -127.60 | -122.34 | 143.08 |
| Net Income Continuous Operations | -192.57 | -127.60 | -122.34 | 143.08 |
| Other Income Expense | 6.73 | 17.20 | 18.68 | 27.51 |
| Other Non Operating Income Expenses | 6.73 | 17.20 | 19.88 | 27.51 |
| Special Income Charges | 0 | 0 | -1.20 | 0 |
| Other Special Charges | 0 | 0 | 1.20 | 0 |
| Impairment Of Capital Assets | 0 | 0 | 0 | 0 |
| Net Non Operating Interest Income Expense | -69.64 | -85.16 | -87.94 | -54.97 |
| Total Other Finance Cost | 1.61 | 1.87 | 3.46 | 4.55 |
| Interest Expense Non Operating | 68.03 | 83.29 | 84.47 | 50.41 |
| General And Administrative Expense | 234.38 | 255.22 | 300.79 | 415.55 |
| Other Gand A | 234.38 | 255.22 | 300.79 | 415.55 |
| Operating Revenue | 3,790.76 | 3,880.23 | 4,326.92 | 5,543.04 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Tutor Perini Corporationthis co. | TPC | $4.5B | 56.98β premium | 3.73 | 6.4% | 15.23 |
| Firefly Aerospace Inc. | FLY | $5.4B | - | 4.48 | -25.1% | -23.98 |
| Plug Power Inc. | PLUG | $4.8B | - | 4.86 | -162.6% | -7.99 |
| The Brink's Company | BCO | $4.4B | 22.84 | 15.89 | 49.0% | 8.43 |
| Herc Holdings Inc. | HRI | $4.4B | - |
| 2.25 |
| 0.1% |
| 15.30 |
| Archer Aviation Inc. | ACHR | $4.2B | - | 1.89 | -28.1% | -3.28 |
| GPGI, Inc. | GPGI | $4.2B | - | 7.52 | -55.9% | -335.00 |
| Intuitive Machines, Inc. | LUNR | $4.0B | - | -3.98 | -40.9% | -55.99 |
| York Space Systems, Inc. | YSS | $3.7B | - | 1.68 | -9.7% | -473.39 |
| Peer Median | - | 22.84 | 3.37 | -26.6% | -15.99 | |