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Tutor Perini Corp (TPC) stock

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NYSE: TPC NYSE Construction & Engineering Next results ~November 4, 2026

C+ Fundamentals grade

Tutor Perini Corp is a US-listed company in the construction & engineering industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($473.24) was left out of our combined valuation (it is 5.82x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.

Price vs value

Under review: our cash-flow value ($473.24) was left out of our combined valuation (it is 5.82x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating. We'll show the comparison once resolved.

Tutor Perini Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 4 selling12 purchases and 11 sales by directors and officers, last 12 monthsInsider trades
  • Funds175 adding, 162 cuttingOf 58 active managers that changed their stake, 34 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Tutor Perini files

Where Tutor Perini stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $5.95bn, up 24.7% on a year earlier, slower than the 25.7% growth a quarter earlier. Free-cash-flow margin fell to 10.4% from 11.8% a year earlier. Operating margin widened to 4.5% from -1.1%. The diluted share count is up 2.2% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 6 of our 7 financial-health checks.

Our model value for Tutor Perini is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Tutor Perini Corp's trailing-twelve-month revenue grew 24.7% year on year, with a free-cash-flow margin of 10.4%. Where it stands out: free-cash-flow margin of 10.4% ranks 5 of 43 construction & engineering companies we cover. Where it lags: stock pay as % of revenue of 2.5% ranks 29 of 33 construction & engineering companies we cover.

Our discounted-cash-flow model values the business at ~$470 per share in the base case (~$360–$620 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 38% in the quarter to 2026-06-30, the 3rd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 24.7% over the last 12 months, against a median of 21.2% for construction & engineering companies we cover.
  • Margins widening. Operating margin is up 5.6 points on a year ago.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Share dilution. Diluted shares rose 2.2% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 49% and a beta of 1.8 against the S&P 500.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 2.5% ranks 29 of 33 construction & engineering companies we cover (median 0.7%).

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$1.74 against an average estimate of $1.26: beat by 37.6%
Revenue
$1.64bn, up 19.2% on a year earlier
Share reaction
+11.7% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Next report
November 4, 2026; average EPS estimate $1.34

Tutor Perini's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.5%
  • 1 week+1.2%
  • 1 month-8.4%
  • This year+18.8%
  • 1 year+18.3%
  • 5 years+456.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$5.9B
Operating margin
4.5%
Net margin
2.1%
EPS (TTM, diluted)
$2.31

Growth

Revenue growth
+24.7%
Change in growth rate
−1.0 pts
Share count change
+2.2%

Cash

Free cash flow (TTM)
$621M
FCF margin
10.4%
Stock pay % of revenue
2.5%

Earnings

Last results
August 5, 2026
Next results (est.)
November 4, 2026

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Partnership
  3. Partnership
  4. Leadership
  5. Partnership
  6. Partnership
  7. Regulatory
  8. Partnership
  9. Insider trade
  10. Insider trade
  11. Leadership
  12. Partnership
  13. Insider trade
  14. Results
  15. Partnership
  16. Partnership
  17. Agreement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Tutor Perini Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($473.24) was left out of our combined valuation (it is 5.82x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.

Our value per share comes from a discounted-cash-flow model of Tutor Perini Corp's free cash flow after stock-based pay ( $571M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Tutor Perini Corp as an operating company, with every model that fits that kind of business. Cost of equity 12%: the 10-year Treasury yield (4.9%) plus a beta of 1.57 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$470 ~$360–$620 Left out: out of range vs price (5.96x)
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$87 ~$74–$120 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$1.0 ~$0.5–$2.0 Left out: out of range vs price (0.01x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Tutor Perini Corp with Construction & Engineering in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$27.90$25.26$15.91$12.82$12.91$12.33$7.52$9.07$24.12$66.85$79.42
Market value$1.4bn$1.3bn$801m$644m$659m$633m$386m$470m$1.3bn$3.6bn$4.3bn
+ Net debt (− = net cash)$669m$589m$680m$664m$673m$809m$713m$530m$101m−$309m−$542m
Enterprise value$2.1bn$1.9bn$1.5bn$1.3bn$1.3bn$1.4bn$1.1bn$1.0bn$1.4bn$3.3bn$3.7bn
Multiples
Price / sales 0.3x0.3x0.2x0.1x0.1x0.1x0.1x0.1x0.3x0.6x0.7x
Price / earnings 14.5x8.6x9.6x—6.1x6.9x———44.4x34.4x
Price / free cash flow 14.3x9.6x—12.3x5.6x—2.6x1.8x2.7x6.3x6.9x
EV / EBITDA 7.7x8.1x6.2x—3.6x4.2x———11.6x11.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

31 /100

Weak moat

How hard Tutor Perini's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -0.7% of total assets over 10 years.

  • Pricing power 7 / 20

    Gross margin has been a median 7.8%, moving by 2.9 percentage points (standard deviation) across 9 years.

  • Durability 0 / 20

    Operating margin has been a median 1.2%; its worst year was -4.9%.

  • Cash conversion 9 / 20

    Free cash flow was positive in 7 of 9 years, at a median 2.8% of revenue.

  • Discipline 15 / 20

    The diluted share count rose 4.6% over five years; stock-based pay has been a median 0.5% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $1.6bn and EPS of $1.34 (range $1.31 to $1.37) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $5.38 +256% $6.4bn +15%
Next $6.07 +13% $7.2bn +13%

Next year's EPS estimate has moved −0.3% in 90 days, across 3 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.26 $1.74 +37.6%
Mar 2026 $0.96 $1.03 +7.8%
Dec 2025 $0.92 $0.54 −41.3%
Sept 2025 $0.89 $1.15 +28.6%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Tutor Perini Corp's revenue by +16.4% next year and +18.2% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+14.1%, weight 60%) and the company's own record (+20.0%, weight 40%) . How the weights are set.

Analyst recommendations

4 analysts, Oct 2026
Buy4100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202644
  2. Sep 202644
  3. Aug 202644

Counts of recommendations published by analysts covering Tutor Perini Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.0%
of tradable shares
Days to cover
4.36
at average volume
Short interest, 1 month
−10%
to September 30, 2026
Held by institutions
84%
of shares
Held by insiders
9.9%
of shares
Employees
7,400
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +18.3%

$67.13 on October 31, 2025 to $79.42

ThenNowEffect
Revenue (last 12 months) $4.8bn $5.9bn +24.7%
P/S multiple 0.7x 0.7x −3.1%
Share count 53m 54m −2.1%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

Last 3 years +990.2%

$7.28 on November 3, 2023 to $79.42

ThenNowEffect
Revenue (last 12 months) $3.8bn $5.9bn +57.6%
P/S multiple 0.1x 0.7x +620.1%
Share count 52m 54m −3.9%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
TPC−5%−39%+21%+166%+177%+19%
Industry peers (median)+41%−8%+46%+47%+25%−11%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
TPC42%42%58%58%67%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
TPC−40%−57%−47%−34%−33%−29%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 91% from January 26, 2017 to March 17, 2020. Getting back needed a 1013% gain, reached on November 7, 2024, 1696 days after the low.

Price behaviour

52-week range
$58.56 – $99.01
From 52-week high
−19.8%
vs 50-day average
−5.7%
vs 200-day average
−2.5%
Volatility (1 year)
49%
Beta vs S&P 500
1.79

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±16.9%
After a week
6 up, 6 down
typical move ±16.6%
After a month
8 up, 4 down
typical move ±21.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 +11.7% −0.4% +12.2% +2.0%
May 6, 2026 −15.8% +1.1% −17.1% −27.5%
February 26, 2026 −12.5% −1.0% −17.4% −11.5%
November 5, 2025 +2.6% −0.7% −5.2% +3.2%
August 6, 2025 +15.5% +0.7% +21.2% +31.4%
May 7, 2025 +27.8% +1.1% +54.3% +73.7%
February 27, 2025 +27.0% −0.1% +13.4% +1.6%
November 6, 2024 +21.3% +3.3% +2.9% −2.3%
October 21, 2024 +8.1% −0.2% −3.6% +7.7%
August 1, 2024 −30.3% −3.3% −24.2% −3.7%
April 25, 2024 +27.8% +0.6% +25.0% +55.8%
April 15, 2024 −2.2% −1.4% −2.5% +40.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Tutor Perini Corp in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Tutor Perini Corp
$3B $4B $5B $6B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $3.8B Revenue (TTM), FY23 Q4: $3.9B Revenue (TTM), FY24 Q1: $4.2B Revenue (TTM), FY24 Q2: $4.3B Revenue (TTM), FY24 Q3: $4.3B Revenue (TTM), FY24 Q4: $4.3B Revenue (TTM), FY25 Q1: $4.5B Revenue (TTM), FY25 Q2: $4.8B Revenue (TTM), FY25 Q3: $5.1B Revenue (TTM), FY25 Q4: $5.5B Revenue (TTM), FY26 Q1: $5.7B Revenue (TTM), FY26 Q2: $5.9B $5.9B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $3.8B
FY23 Q4 $3.9B
FY24 Q1 $4.2B
FY24 Q2 $4.3B
FY24 Q3 $4.3B
FY24 Q4 $4.3B
FY25 Q1 $4.5B
FY25 Q2 $4.8B
FY25 Q3 $5.1B
FY25 Q4 $5.5B
FY26 Q1 $5.7B
FY26 Q2 $5.9B
Revenue growth, TTM YoY Tutor Perini Corp
-10% 0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -4.0% Revenue growth, TTM YoY, FY23 Q4: 2.4% Revenue growth, TTM YoY, FY24 Q1: 14.9% Revenue growth, TTM YoY, FY24 Q2: 12.8% Revenue growth, TTM YoY, FY24 Q3: 13.7% Revenue growth, TTM YoY, FY24 Q4: 11.5% Revenue growth, TTM YoY, FY25 Q1: 8.9% Revenue growth, TTM YoY, FY25 Q2: 12.0% Revenue growth, TTM YoY, FY25 Q3: 19.2% Revenue growth, TTM YoY, FY25 Q4: 28.1% Revenue growth, TTM YoY, FY26 Q1: 25.7% Revenue growth, TTM YoY, FY26 Q2: 24.7% 24.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -4.0%
FY23 Q4 2.4%
FY24 Q1 14.9%
FY24 Q2 12.8%
FY24 Q3 13.7%
FY24 Q4 11.5%
FY25 Q1 8.9%
FY25 Q2 12.0%
FY25 Q3 19.2%
FY25 Q4 28.1%
FY26 Q1 25.7%
FY26 Q2 24.7%
Operating margin (TTM) Tutor Perini Corp
-10% -5% 0% 5% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -5.0% Operating margin (TTM), FY23 Q4: -3.0% Operating margin (TTM), FY24 Q1: 0.4% Operating margin (TTM), FY24 Q2: 1.3% Operating margin (TTM), FY24 Q3: -0.9% Operating margin (TTM), FY24 Q4: -2.4% Operating margin (TTM), FY25 Q1: -1.9% Operating margin (TTM), FY25 Q2: -1.1% Operating margin (TTM), FY25 Q3: 1.9% Operating margin (TTM), FY25 Q4: 4.2% Operating margin (TTM), FY26 Q1: 4.0% Operating margin (TTM), FY26 Q2: 4.5% 4.5%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -5.0%
FY23 Q4 -3.0%
FY24 Q1 0.4%
FY24 Q2 1.3%
FY24 Q3 -0.9%
FY24 Q4 -2.4%
FY25 Q1 -1.9%
FY25 Q2 -1.1%
FY25 Q3 1.9%
FY25 Q4 4.2%
FY26 Q1 4.0%
FY26 Q2 4.5%
FCF margin (TTM) Tutor Perini Corp
0% 5% 10% 15% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 2.0% FCF margin (TTM), FY23 Q4: 6.6% FCF margin (TTM), FY24 Q1: 8.2% FCF margin (TTM), FY24 Q2: 7.9% FCF margin (TTM), FY24 Q3: 6.2% FCF margin (TTM), FY24 Q4: 10.8% FCF margin (TTM), FY25 Q1: 8.2% FCF margin (TTM), FY25 Q2: 11.8% FCF margin (TTM), FY25 Q3: 15.5% FCF margin (TTM), FY25 Q4: 10.2% FCF margin (TTM), FY26 Q1: 12.4% FCF margin (TTM), FY26 Q2: 10.4% 10.4%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 2.0%
FY23 Q4 6.6%
FY24 Q1 8.2%
FY24 Q2 7.9%
FY24 Q3 6.2%
FY24 Q4 10.8%
FY25 Q1 8.2%
FY25 Q2 11.8%
FY25 Q3 15.5%
FY25 Q4 10.2%
FY26 Q1 12.4%
FY26 Q2 10.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Tutor Perini took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $5.5B
  2. Cost of revenue $4.9B · 88.3%
  3. Gross profit $648M · 11.7%
  4. Selling, general and admin $416M · 7.5%
  5. Operating income $232M · 4.2%
  6. Income tax $61.4M · 1.1%
  7. Interest and other $90.1M · 1.6%
  8. Net income $80.4M · 1.5%

Shares of revenue. Source: Tutor Perini's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 4,973 4,757 4,455 4,451 5,319 4,642 3,791 3,880 4,327 5,543 5,949
Gross profit 457 454 454 242 486 466 30 141 197 648 683
EBITDA 269 231 239 −300 369 345 −140 −69 −50 282 313
Operating income 202 179 192 −365 262 227 −205 −115 −104 232 267
Net income 96 148 83 −388 108 92 −210 −171 −164 80 124
Diluted EPS $1.92 $2.92 $1.66 −$7.72 $2.12 $1.79 −$4.09 −$3.30 −$3.13 $1.51 $2.31
Growth (year on year)
Revenue — −4.3% −6.4% −0.1% +19.5% −12.7% −18.3% +2.4% +11.5% +28.1% +24.7%
EBITDA — −14.0% +3.3% −225.4% — −6.6% −140.7% — — — —
Operating income — −11.1% +6.9% −290.2% — −13.5% −190.3% — — — —
Net income — — −43.8% — — −15.2% — — — — —
Diluted EPS — — −43.2% — — −15.6% — — — — —
Margins
Gross margin 9.2% 9.6% 10.2% 5.4% 9.1% 10.0% 0.8% 3.6% 4.6% 11.7% 11.5%
EBITDA margin 5.4% 4.9% 5.4% −6.7% 6.9% 7.4% −3.7% −1.8% −1.2% 5.1% 5.3%
Operating margin 4.1% 3.8% 4.3% −8.2% 4.9% 4.9% −5.4% −3.0% −2.4% 4.2% 4.5%
Net margin 1.9% 3.1% 1.9% −8.7% 2.0% 2.0% −5.5% −4.4% −3.8% 1.5% 2.1%
Free-cash-flow margin 2.0% 2.8% −1.2% 1.2% 2.2% −4.0% 3.9% 6.6% 10.8% 10.2% 10.4%
Cash flow
Cash from operations 113 164 21 137 173 −148 207 308 504 748 797
Capital spending 16 30 77 84 55 39 60 53 37 181 176
Free cash flow 98 133 −56 52 118 −187 147 256 466 567 621
Stock-based pay 13 21 23 19 12 12 9 12 40 150 146
Free cash flow after stock pay 84 112 −78 33 106 −199 138 243 426 417 475
Balance sheet
Cash 146 193 116 194 374 202 259 381 455 735 938
Total debt 816 782 797 858 1,048 1,011 972 911 556 425 396
Net debt (negative = net cash) 669 589 680 664 673 809 713 530 101 −309 −542
Diluted shares 50m 51m 50m 50m 51m 51m 51m 52m 52m 53m 54m
Returned to shareholders
Dividends — — — — — — — 0 0 3 —
Total returned — — — — — — — 0 0 3 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

6 of 7 checks passed · June 30, 2026
What it owns · $5.4bn
Short-term assets $4.3bnLonger-term assets $1.1bn
What it owes, and who funded it · $5.3bn
Short-term liabilities $3.3bnLonger-term liabilities $677mShareholders' equity $1.3bn
  • Short-term assets cover short-term liabilities $4.3bn of assets due within a year against $3.3bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $4.3bn short-term assets against $677m of longer-dated liabilities.
  • More cash than debt $938m of cash against $396m of debt.
  • Debt below 40% of shareholders' equity Debt is 31% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 59% to 31% over five years.
  • A year's operating cash flow covers at least 20% of debt $797m of operating cash flow against $396m of debt.
  • Operating profit covers interest at least five times over Operating income of $267m against $54m of interest.

From Tutor Perini Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+2.2%
year over year

Competitors: side by side with peers

Closest by revenue in construction & engineering
Last 12 months unless stated TPC STN GVA FIX DY PRIM Median
Revenue, last 12 months $5.9bn $5.8bn $5.3bn $5.3bn $6.9bn $7.3bn $1.5bn
Revenue growth, last 12 months 24.7% 6.5% 25.1% −36.6% 37.8% 5.1% 21.2%
Revenue growth, 3-year average 16.4% — 16.4% 2.0% 19.4% 11.3% 11.3%
Revenue growth, latest quarter 19.2% — 23.2% 53.7% 45.6% −10.7% 26.9%
Gross margin 11.5% 42.4% 16.1% 26.8% 19.5% 8.6% 13.0%
Operating margin 4.5% — 7.5% 18.8% — 2.9% 4.1%
Operating margin, 3-year average 1.6% — 6.0% 14.0% — 4.4% 5.4%
Net margin 2.1% 5.9% −5.0% 30.9% 4.8% 1.9% 1.9%
Cash from operations / revenue 13.4% 10.6% 11.0% 57.0% 10.4% 2.7% 4.4%
Free-cash-flow margin 10.4% 8.8% 8.4% 46.3% 6.8% 1.2% 2.3%
Free-cash-flow margin, 3-year average 10.1% 7.2% 8.0% 22.3% 3.2% 3.8% 5.5%
Stock pay / revenue 2.5% 0.5% 0.9% 0.7% 0.5% 0.3% 0.7%
Change in share count 2.2% 0.0% −6.9% −0.7% 2.1% −0.2% 0.8%

Median of all 43 companies we cover in construction & engineering. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

43 construction & engineering companies
Measure Company Peer median Rank
Revenue growth Growth 24.7% 21.2% 17 of 43
Change in growth rate Growth -1.0pp +3.2pp 31 of 43
Gross margin Profitability 11.5% 11.8% 23 of 39
Operating margin Profitability 4.5% 4.1% 18 of 39
Net margin Profitability 2.1% 2.1% 21 of 42
Free-cash-flow margin Cash generation 10.4% 2.3% 5 of 43
Stock pay as % of revenue Cash generation 2.5% 0.7% 29 of 33
Long-term debt as % of assets Balance sheet 7.3% 16.2% 9 of 35
Change in share count Balance sheet 2.2% 1.9% 24 of 40

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Civil $2.8B 51.4% ▲ 34.4%
Building Group $1.9B 33.4% ▲ 14.5%
Specialty Contractors $844M 15.2% ▲ 42.9%
Geography
Region Revenue Share YoY
United States $5.1B 91.2% ▲ 35.0%
Outside the US $490M 8.8% ▼ 16.1%

From Tutor Perini Corp's 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.5B
Institutions reporting
336
Shares held vs prior quarter
▲ 3.2%
Positions opened / closed
45 / 43

Top buyers and sellers, Q2 2026: 175 institutions bought and 162 sold ; the biggest buyer was Capital International Investors (+752K shares) and the biggest seller Donald Smith & Co., Inc (−826K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $358M 4.3M 10.2% ▼ 1.8%
American Century Companies Inc $189M 2.3M 5.4% ▲ 28.2%
Capital International Investors $187M 2.3M 5.4% ▲ 49.9%
Vanguard Capital Management LLC $164M 2.0M 4.7% ▲ 0.3%
First Trust Advisors LP $150M 1.8M 4.3% ▲ 33.4%
Dimensional Fund Advisors LP $140M 1.7M 4.0% ▼ 2.7%
Gendell Jeffrey L $128M 1.5M 3.6% ▲ 23.1%
Geode Capital Management, LLC $108M 1.3M 3.1% ▲ 6.8%
State Street Corp $89.5M 1.1M 2.6% ▲ 5.9%
Principal Financial Group Inc $78.8M 950K 2.3% ▲ 22.7%
SG Americas Securities, LLC $66.7M 804K 1.9% ▲ 38.9%
Renaissance Technologies LLC $66.4M 800K 1.9% ▼ 3.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Tutor Perini Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $5.4M 12 trades by 2 insiders, last 12 months Insider sales History → $219M 11 trades by 4 insiders · 0% under pre-set plans
Net ▼ $213M net selling
Insider Date Trade Shares Price Value
Tutor Ronald N Director August 31, 2026 Sell 1,500,000 $85.57 $128M
Tutor Ronald N Director August 31, 2026 Sell 10,000 $89.86 $898,600
Tutor Ronald N Director August 31, 2026 Sell 800,000 $85.57 $68.5M
Reiss Dale Anne Director August 27, 2026 Sell 7,400 $92.02 $680,948
Reiss Dale Anne Director August 27, 2026 Sell 6,000 $92.07 $552,420
Feltenstein Sidney J Director August 7, 2026 Sell 62,482 $98.18 $6.1M
Feltenstein Sidney J Director August 7, 2026 Sell 32,661 $95.66 $3.1M
Feltenstein Sidney J Director August 7, 2026 Sell 52,579 $96.26 $5.1M
Feltenstein Sidney J Director August 7, 2026 Sell 36,487 $97.50 $3.6M
Lieber Robert C Director May 27, 2026 Sell 17,500 $75.36 $1.3M
Lieber Robert C Director May 19, 2026 Sell 10,000 $74.25 $742,500
Arkley Peter Director March 6, 2026 Buy 4,913 $72.85 $357,912

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 6, 2026
  • February 26, 2026
  • November 5, 2025
  • August 6, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on Tutor Perini Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Tutor Perini Corp in brief

What does Tutor Perini Corp do?
Tutor Perini Corp is a US-listed company in the construction & engineering industry. Its financial year ends in December.
What is Tutor Perini Corp's stock ticker?
Tutor Perini Corp trades under the ticker TPC on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Tutor Perini Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Tutor Perini Corp reported revenue of $5.9B, 24.7% higher than a year earlier, according to its SEC filings.
What is Tutor Perini Corp's free cash flow?
Tutor Perini Corp's free-cash-flow margin is 10.4% of revenue over the trailing twelve months, ranking 5 of the 43 construction & engineering companies we cover.
Who are Tutor Perini Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., American Century Companies Inc and Capital International Investors. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Tutor Perini Corp's market cap?
On November 2, 2026, Tutor Perini Corp's market capitalisation was about $4.3B, with a price-to-earnings ratio of 34.4 and net debt of -$542M. Market figures come from third-party market data and may be delayed.
How much debt does Tutor Perini Corp have?
Tutor Perini Corp's debt-to-equity ratio is 31.3%, from its latest balance sheet (58.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Tutor Perini Corp's competitors?
In our Construction & Engineering peer group, the companies closest to Tutor Perini Corp are Stantec Inc, Granite Construction Inc, Comfort Systems USA, Dycom Industries Inc and Primoris Services Corp. The side-by-side comparison below sets their revenue, margins and growth against Tutor Perini Corp's.
Are insiders buying or selling Tutor Perini Corp stock?
Over the last 12 months, Tutor Perini Corp's directors and officers reported 12 open-market purchases and 11 sales on Form 4. The insider trading page charts every trade.
When is Tutor Perini Corp's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Tutor Perini Corp announces its own schedule.