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Tutor Perini Corporation

TPC Industrials Engineering & Construction

Tutor Perini Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.5 billion, up 28.1% from fiscal 2024.

Revenue
+21.5%
EPS
+457.1%
Free cash flow
+21.2%
Total debt
−2.29%

Quarter to September 2026, against a year earlier

81.75 1.38 −1.66%
Market cap
$4.3B
P/E
30.5×
Fwd P/E
20.2×
Dividend yield
0.33%
F-score
7/9
Altman Z
1.98
Beneish M
−3.23
Dividend safety
70/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 2.56
Sold, $m 218.88
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — 2 — — — — — — — —
Sell — — — — — 2 — — 3 — — —
Insider Ownership 10.02%

Capital & Financial Ratios $m

Size
Market Cap 4,300.00
Revenue ttm 6,254.13
Net income ttm 195.87
Free cash flow ttm 681.34
Net debt Q (1,035.22)
Valuation
P/E 30.50
Forward P/E 20.20
Price / sales 0.69
Forward P/S Powerpack
Price / FCF 6.31
Price / book 3.13
Financial health
Current ratio Q 1.27
Debt / equity Q 0.29 (at or below 0.5: strong)
Interest coverage Q 17.20
Growth
Revenue growth Q +21.54% (above 0%: growing)
Operating income growth Q +212.81% (above 0%: growing)
EPS, this year +107.95% (at or above 15%: strong)
EPS, next year A +75.90% (at or above 15%: strong)
Revenue, next year A +15.10% (at or above 10%: strong)
EPS, past 5 yrs −6.56% (below 0%: weak)
EPS, next 5 yrs A +76.56% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.5×, against a ten-year median of 0.3×; over the ten years it ranged from 0.2× in 2020 to 0.7× in 2026.
P/E against its own 10 years 86.38%
10-year low 10-year high
P/S against its own 10 years 92.23%
10-year low 10-year high
P/B against its own 10 years 94.72%
10-year low 10-year high
EV/Sales against its own 10 years 89.11%
10-year low 10-year high
EV/FCF against its own 10 years 21.82%
10-year low 10-year high

Dividends

Yield
0.33%
Annual rate
0.27
Payout ratio
10.2%
  1. 0.06 ’25
  2. 0.30 ’26e +400
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 525 604 999 1,439
Receivables 1,635 1,547 1,888 2,090
Inventory — — — —
Other 1,361 1,135 1,230 1,152
3,521 3,287 4,117 4,681
2023 2024 2025 Q'26
Payables 467 631 725 881
ST’ Debt 117 24 15 5
Other 1,104 1,217 1,839 2,044
2,125 2,333 3,239 3,679

Compound Annual Growth %

10y 5y 3y
Sales 1.20% 0.83% 13.50%
Cash Flow 48.78% 34.06% 53.47%
Earnings 5.91% (5.79%) 0.00%
Book Value (1.17%) (3.93%) (4.33%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 1.36 Actual 1.74

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.96 1.15 Beat by 0.19
Q4 FY25 0.92 1.07 Beat by 0.15
Q1 FY26 0.96 1.03 Beat by 0.07
Q2 FY26 1.36 1.74 Beat by 0.38
Q3 FY26 1.34 — Reports 4 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.48 1.23 0.39 — —
’25 0.53 0.38 0.07 0.54 1.51
’24 0.30 0.02 (1.92) (1.51) (3.13)
’23 (0.95) (0.72) (0.71) (0.91) (3.30)
’22 (0.42) (1.23) (0.63) (1.80) (4.09)
’21 0.31 0.61 0.30 0.57 1.79
’20 0.34 0.37 0.72 0.69 2.12
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,389 1,637 1,720 — —
’25 1,247 1,374 1,415 1,507 5,543
’24 1,049 1,127 1,083 1,068 4,327
’23 776 1,022 1,061 1,021 3,880
’22 952 861 1,071 907 3,791
’21 1,208 1,219 1,178 1,037 4,642
’20 1,251 1,276 1,442 1,350 5,319
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 147 187 331 — —
’25 23 262 289 174 748
’24 98 53 23 330 504
’23 21 56 103 128 308
’22 121 58 73 (44) 207
’21 (47) (85) (21) 4 (148)
’20 (34) 92 73 42 173
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 131 155 292 — —
’25 (7) 239 241 102 576
’24 88 43 17 322 471
’23 10 44 90 121 266
’22 110 46 59 (59) 156
’21 (56) (90) (28) (5) (180)
’20 (45) 73 73 32 133
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 4,973 4,757 4,455 4,451 5,319 4,642 3,791 3,880 4,327 5,543 6,254 +1.2% 6,380 7,188 7,707 +11.6%
Gross margin, % 9.19 9.55 10.20 5.43 9.14 10.05 0.78 3.62 4.55 11.68 11.75 +2.5 pt
EBT 149 154 133 (426) 174 160 (268) (183) (173) 205 266 +3.6%
EBT margin, % 3.00 3.24 2.98 (9.57) 3.28 3.44 (7.06) (4.70) (4.00) 3.69 4.26 +0.7 pt
Net income 96 155 98 (360) 152 134 (193) (128) (122) 143 196 +4.6%
Per share, $
Per share, $ Revenue 101.18 95.82 89.18 88.63 105.00 90.99 73.86 74.84 82.70 105.20 118.97 +0.4%
Earnings 1.95 2.99 1.67 (7.72) 2.14 1.80 (4.09) (3.30) (3.13) 1.53 2.68 (2.7%)
Cash flow 2.31 3.29 0.43 2.72 3.41 (2.91) 4.03 5.95 9.62 14.20 15.95 +22.4%
Capex (0.28) (0.55) (1.41) (1.43) (0.79) (0.61) (1.00) (0.83) (0.62) (3.26) (2.99) +31.3%
Free cash flow 2.02 2.74 (0.99) 1.29 2.62 (3.52) 3.04 5.12 9.00 10.93 12.96 +20.6%
Book value 31.60 34.34 35.79 28.49 30.46 32.81 28.10 24.76 22.14 23.96 26.15 (3.0%)
Shares, m 49 50 50 50 51 51 51 52 52 53 53 +0.8%
Valuation, ×
Valuation, × P/E 14.56 8.50 9.51 0.00 6.05 6.91 0.00 0.00 0.00 43.80 30.50 8.9
P/S 0.28 0.27 0.18 0.15 0.12 0.14 0.10 0.12 0.29 0.64 0.69 0.2
P/B 0.90 0.74 0.45 0.45 0.43 0.38 0.27 0.37 1.09 2.80 3.13 0.8
EV/Sales 0.39 0.37 0.31 0.27 0.22 0.29 0.26 0.22 0.28 0.53 0.52 0.3
EV/FCF 19.69 12.84 (28.03) 18.60 8.68 (7.39) 6.29 3.18 2.54 5.10 4.79 4.2
Cash, $m
Cash, $m Operating cash flow 113 164 21 137 173 (148) 207 308 504 748 839 +23.3%
Capex (14) (28) (71) (72) (40) (31) (51) (43) (33) (172) (157) +32.3%
Free cash flow 99 136 (49) 65 133 (180) 156 266 471 576 681 +21.5%
Balance, $m
Balance, $m Working capital 1,319 1,493 1,578 1,401 1,816 2,085 1,711 1,396 954 877 1,002 (4.4%)
Net debt 563 486 583 561 495 698 593 375 (70) (592) (1,035) n/m
Shareholders’ equity 1,553 1,705 1,788 1,431 1,543 1,674 1,442 1,284 1,159 1,263 1,375 (2.3%)
Returns, %
Returns, % ROA 2.43 3.57 1.93 (8.74) 2.27 1.88 (4.53) (3.82) (3.78) 1.71 2.59 (0.7) pt
ROIC 5.96 5.12 5.06 (11.45) 8.05 5.98 (6.29) (4.32) (5.96) 21.61 64.85 +15.6 pt
ROE 6.45 9.11 4.78 (24.09) 7.29 5.72 (13.48) (12.56) (13.41) 6.64 10.73 +0.2 pt
People
People Employees 11,603 10,061 8,200 9,100 8,700 7,800 8,100 8,200 7,500 7,400 — (4.9%)
Revenue/emp, $m 0.43 0.47 0.54 0.49 0.61 0.60 0.47 0.47 0.58 0.75 — +6.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026

Tutor Perini Corporation vs peers in Engineering & Construction (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
KBR KBR, Inc. $4.8B 10.8× 11.0× +5.02% (above 0%: growing) +19.93% (above 0%: growing) −14.21% (below 0%: shrinking) 14.84% 9.17% Compare
ROAD Construction Partners, Inc. $4.4B 30.2× 31.2× +28.25% (above 0%: growing) +33.75% (above 0%: growing) −19.66% (below 0%: shrinking) 16.85% 10.94% Compare
TPC Tutor Perini Corporation $4.3B 30.5× 20.2× +21.54% (above 0%: growing) +457.14% (above 0%: growing) +21.22% (above 0%: growing) 12.87% 7.29%
EXPO Exponent, Inc. $4.1B 36.8× 34.0× +18.09% (above 0%: growing) +16.89% (above 0%: growing) −14.24% (below 0%: shrinking) 88.10% 24.10% Compare
MYRG MYR Group, Inc. $3.8B 19.9× 21.2× +32.47% (above 0%: growing) +86.07% (above 0%: growing) −84.04% (below 0%: shrinking) 13.60% 6.76% Compare
ECG Everus Construction Group, Inc. $3.7B 12.8× — +40.27% (above 0%: growing) +60.60% (above 0%: growing) −20.67% (below 0%: shrinking) 14.81% 8.84% Compare
AGX Argan, Inc. $3.7B 20.3× 25.8× +61.51% (above 0%: growing) +47.86% (above 0%: growing) +178.70% (above 0%: growing) 19.33% 14.79% Compare
PRIM Primoris Services Corporation $3.2B 33.5× 57.6× −10.38% (below 0%: shrinking) −45.21% (below 0%: shrinking) −33.74% (below 0%: shrinking) 10.48% 4.86% Compare
LGN Legence Corp. $2.8B — (loss-making) 15.4× +110.74% (above 0%: growing) n/m +106.83% (above 0%: growing) 17.45% (0.52%) Compare
Median of peers $3.8B 20.3× 25.8× +30.36% +33.75% −16.95% 15.85% 9.01%

All 51 Engineering & Construction stocks →

Pay and ownership Proxy statement filed 9 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 10.04m 70.23m 517.98
2024 26.04m 59.96m 186.87
2023 20.65m 18.81m 70.27
2022 14.88m 3.16m 58.30
2021 14.81m 11.18m 95.52

Ownership

Directors and executive officers, together 15.40%
Ronald N. Tutor 12.60%
BlackRock, Inc. 7.30%
The Vanguard Group, Inc. 5.30%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Tutor Perini Corporation (TPC) Latest News

5 Nov

Impact 4 · · The Motley Fool transcript
Impact 4 · · Zacks
Impact 4 · · GuruFocus.com
Impact 3 · · Simply Wall St.

4 Nov

Impact 4 · · Business Wire
Impact 3 · · StockStory

29 Oct

Impact 3 · · StockStory

28 Oct

Impact 3 · · 24/7 Wall St.
Impact 3 · · Zacks

27 Oct

Impact 3 · · Zacks

26 Oct

Impact 3 · · Zacks
Impact 3 · · Business Wire

22 Oct

Impact 3 · · Zacks
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21 Oct

Impact 3 · · Trefis
Impact 3 · · InvestorsHub
Impact 3 · · CNW Group

18 Oct

Impact 3 · · TIKR

17 Oct

Impact 3 · · Simply Wall St.

16 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

15 Oct

Impact 3 · · Zacks
Impact 3 · · Insider Monkey

13 Oct

Impact 4 · · Zacks
Impact 3 · · PR Newswire

12 Oct

Impact 3 · · 24/7 Wall St.

10 Oct

Impact 3 · · Simply Wall St.

9 Oct

Impact 4 · · Zacks
Impact 3 · · Zacks
Impact 3 · · constructiondive.com

TPC metrics, ten years each

stockrow.com/TPC · Data as of Nov 4, 2026 · For information only; not investment advice. · © 2026 stockrow.com