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Tutor Perini Corp key statistics and ratios

In fiscal 2025, Tutor Perini Corp had return on equity of 6.8%, an operating margin of 4.2%, debt equal to 34.9% of equity and a current ratio of 1.27. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Gross margin9.2%9.6%10.2%5.4%9.1%10.0%0.8%3.6%4.6%11.7%11.5%
Operating margin4.1%3.8%4.3%−8.2%4.9%4.9%−5.4%−3.0%−2.4%4.2%4.5%
Net margin1.9%3.1%1.9%−8.7%2.0%2.0%−5.5%−4.4%−3.8%1.5%2.1%
Free-cash-flow margin2.0%2.8%−1.2%1.2%2.2%−4.0%3.9%6.6%10.8%10.2%10.4%
Return on equity6.2%9.1%4.7%−23.9%7.2%5.7%−13.5%−12.5%−13.5%6.8%10.0%
Return on assets2.4%3.6%1.9%−8.7%2.3%1.9%−4.5%−3.8%−3.8%1.7%2.4%
Asset turnover1.231.151.031.001.120.950.820.861.001.181.13
Current ratio1.871.941.991.661.802.171.871.661.411.271.29
Debt to equity52.5%45.6%44.0%59.6%67.4%61.1%67.1%70.5%49.0%34.9%31.3%
Interest cover (operating income ÷ interest)3.4x2.6x3.0xn/m3.4x3.3xn/mn/mn/m4.2x4.9x
Effective tax rate35.7%−0.4%26.3%—12.6%16.0%———30.0%29.6%
Capital spending as % of revenue0.3%0.6%1.7%1.9%1.0%0.8%1.6%1.4%0.9%3.3%3.0%
Free cash flow ÷ net income101.8%89.8%−66.7%—108.9%−203.5%———705.1%501.5%
Dividends ÷ net income—————————3.9%—
Dividends and buybacks ÷ free cash flow———————0.0%0.0%0.6%—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

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.

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.

Compare with peers

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Figures from Tutor Perini Corp's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Tutor Perini Corp.