Granite Construction vs Tutor Perini
Tutor Perini is the larger business, with $5.54bn of revenue in fiscal 2025 against $4.42bn for Granite Construction (1.3 times as much). Tutor Perini grew faster (28.1% against 10.4%). Granite Construction kept more of each dollar of sales as profit: a net margin of 4.4% against 1.5%. Tutor Perini carries less debt relative to equity (34.9% against 113.6%).
| Latest fiscal year | Granite ConstructionGVA, 2025 | Tutor PeriniTPC, 2025 |
|---|---|---|
| Revenue | $4.42bn | $5.54bn |
| Revenue growth | 10.4% | 28.1% |
| Net income | $193m | $80.4m |
| Operating margin | 6.4% | 4.2% |
| Net margin | 4.4% | 1.5% |
| Return on equity | 17.6% | 6.8% |
| Free cash flow | $331m | $567m |
| Cash | $529m | $735m |
| Total debt | $1.34bn | $425m |
| Debt to equity | 113.6% | 34.9% |
| Dividend per share | $0.52 | $0.06 |
| Dividend yield | 0.4% | — |
| Share buybacks | $48.2m | — |
| Employees | — | — |
| Market value | $5.93bn | $4.35bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 29 (Weak) | 31 (Weak) |
| Insider trades, 12 months | 4 buys, 16 sales | 12 buys, 11 sales |