Tutor Perini Corp income statement
In fiscal 2025, Tutor Perini Corp reported revenue of $5.54bn, up 28.1% on the year before, operating income of $232m (a 4.2% margin) and net income of $80.4m, or $1.51 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,973 | 4,757 | 4,455 | 4,451 | 5,319 | 4,642 | 3,791 | 3,880 | 4,327 | 5,543 | 5,949 |
| Cost of revenue | 4,516 | 4,303 | 4,000 | 4,209 | 4,833 | 4,175 | 3,761 | 3,740 | 4,130 | 4,896 | 5,266 |
| Gross profit | 457 | 454 | 454 | 242 | 486 | 466 | 30 | 141 | 197 | 648 | 683 |
| General and administrative | 255 | 275 | 263 | 227 | 224 | 240 | 234 | 255 | 301 | 416 | 416 |
| Operating income | 202 | 179 | 192 | −365 | 262 | 227 | −205 | −115 | −104 | 232 | 267 |
| Interest expense | 60 | 69 | 64 | 67 | 76 | 69 | 70 | 85 | 89 | 55 | 54 |
| Income before tax | 149 | 154 | 133 | −426 | 174 | 160 | −268 | −183 | −173 | 205 | 251 |
| Income tax | 53 | −1 | 35 | −66 | 22 | 26 | −75 | −55 | −51 | 61 | 74 |
| 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 |
| Diluted shares (average) | 50m | 51m | 50m | 50m | 51m | 51m | 51m | 52m | 52m | 53m | 54m |
| EBITDA | 269 | 231 | 239 | −300 | 369 | 345 | −140 | −69 | −50 | 282 | 313 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,083 | 1,068 | 1,247 | 1,374 | 1,415 | 1,507 | 1,389 | 1,637 |
| Cost of revenue | 1,109 | 1,077 | 1,112 | 1,178 | 1,246 | 1,360 | 1,235 | 1,426 |
| Gross profit | −26 | −9 | 134 | 196 | 169 | 148 | 155 | 211 |
| General and administrative | 81 | 77 | 69 | 120 | 129 | 98 | 95 | 94 |
| Operating income | −107 | −86 | 65 | 76 | 40 | 50 | 59 | 118 |
| Interest expense | 21 | 26 | 14 | 14 | 14 | 13 | 13 | 14 |
| Income before tax | −124 | −108 | 56 | 69 | 34 | 46 | 57 | 115 |
| Income tax | −34 | −31 | 13 | 22 | 15 | 11 | 17 | 31 |
| Net income | −101 | −79 | 28 | 20 | 4 | 29 | 26 | 66 |
| Diluted EPS | −$1.92 | −$1.52 | $0.53 | $0.38 | $0.07 | $0.54 | $0.48 | $1.23 |
| EBITDA | −93 | −74 | 78 | 89 | 52 | 62 | 71 | 128 |
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