TPC · Tutor Perini Corp - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · TPC

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$5.54B	$4.33B	$3.88B	$3.79B	$4.64B	$5.32B
Cost of Revenue	$4.90B	$4.13B	$3.74B	$3.76B	$4.18B	$4.83B
Gross Profit	$647.51M	$197.04M	$140.62M	$29.61M	$466.39M	$486.15M
R&D	-	-	-	-	-	-
SG&A	$415.55M	$300.79M	$255.22M	$234.38M	$239.59M	$223.81M
Total Operating Expenses	-	-	-	-	-	-
D&A	$49.81M	$53.79M	$45.23M	$64.36M	$118.23M	$107.03M
Operating Income	$231.96M	($103.75M)	($114.60M)	($204.76M)	$226.80M	$262.34M
Interest Expense	$54.97M	$89.13M	$85.16M	$69.64M	$69.03M	$76.21M
Income Tax	$61.43M	($50.67M)	($54.96M)	($75.10M)	$25.63M	$21.94M
Net Income	$80.44M	($163.72M)	($171.16M)	($210.01M)	$91.92M	$108.39M
EPS - Basic	$1.53	($3.13)	($3.30)	($4.09)	$1.80	$2.14
EPS - Diluted	$1.51	($3.13)	($3.30)	($4.09)	$1.79	$2.12

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$734.55M	$455.08M	$380.56M	$259.35M	$202.20M	$374.29M
Accounts Receivable	$1.22B	$986.89M	$1.05B	$1.17B	$1.45B	$1.42B
Inventory	-	-	-	-	-	-
Accounts Payable	$724.93M	$631.47M	$466.55M	$495.35M	$512.06M	$794.61M
Current Assets	$4.12B	$3.29B	$3.52B	$3.68B	$3.86B	$4.08B
Total Assets	$5.16B	$4.24B	$4.43B	$4.54B	$4.72B	$5.05B
Current Liabilities	$3.24B	$2.33B	$2.12B	$1.97B	$1.78B	$2.26B
Long-term Debt	$392.79M	$510.02M	$782.31M	$888.15M	$969.25M	$925.28M
Total Liabilities	$3.90B	$3.08B	$3.15B	$3.10B	$3.05B	$3.50B
Stockholders' Equity	$1.22B	$1.13B	$1.29B	$1.45B	$1.65B	$1.55B
Retained Earnings	$46.44M	($30.57M)	$133.15M	$304.30M	$514.31M	$422.38M

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$748.07M	$503.54M	$308.47M	$206.97M	($148.45M)	$172.77M
Investing Cash Flow	($257.31M)	($40.69M)	($78.25M)	($65.64M)	($37.34M)	($46.36M)
Financing Cash Flow	($184.75M)	($393.35M)	($109.38M)	($78.90M)	($54.66M)	$123.34M
CapEx	$180.85M	$37.41M	$52.95M	$59.78M	$38.59M	$54.78M
Free Cash Flow	$567.21M	$466.13M	$255.52M	$147.19M	($187.05M)	$117.99M

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	11.7%	4.6%	3.6%	0.8%	10.0%	9.1%
Operating margin	4.2%	-2.4%	-3.0%	-5.4%	4.9%	4.9%
EBITDA margin	5.1%	-1.2%	-1.8%	-3.7%	7.4%	6.9%
Net margin	1.5%	-3.8%	-4.4%	-5.5%	2.0%	2.0%
Free cash flow margin	10.2%	10.8%	6.6%	3.9%	-4.0%	2.2%
FCF / Net income	7.05	-2.85	-1.49	-0.70	-2.03	1.09
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	7.5%	7.0%	6.6%	6.2%	5.2%	4.2%
Effective tax rate	43.3%	-	-	-	21.8%	16.8%
Return on assets	1.6%	-3.9%	-3.9%	-4.6%	1.9%	2.1%
Return on equity	6.6%	-14.4%	-13.3%	-14.5%	5.6%	7.0%
Return on invested capital	8.2%	-5.0%	-4.4%	-6.9%	6.8%	8.8%
Liquidity
Current ratio	1.27	1.41	1.66	1.87	2.17	1.80
Quick ratio	1.27	1.41	1.66	1.87	2.17	1.80
Cash ratio	0.23	0.20	0.18	0.13	0.11	0.17
Leverage
Debt / Equity	0.32	0.45	0.61	0.61	0.59	0.60
Debt / Assets	0.08	0.12	0.18	0.20	0.21	0.18
Debt / EBITDA	1.39	-	-	-	2.81	2.50
Interest coverage	4.2x	-1.2x	-1.3x	-2.9x	3.3x	3.4x
Equity multiplier	4.23	3.74	3.43	3.13	2.86	3.25
Liabilities / Assets	0.76	0.73	0.71	0.68	0.65	0.69
Efficiency
Asset turnover	1.07	1.02	0.88	0.83	0.98	1.05
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	80d	83d	99d	113d	114d	97d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	54d	56d	46d	48d	45d	60d
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	44.4x	-	-	-	6.9x	6.1x
P / B	2.9x	1.1x	0.4x	0.3x	0.4x	0.4x
P / S	0.6x	0.3x	0.1x	0.1x	0.1x	0.1x
EV / EBITDA	11.5x	-	-	-	4.1x	3.3x
Growth
Revenue growth (YoY)	28.1%	11.5%	2.4%	-18.3%	-12.7%	19.5%
Revenue CAGR (3y)	13.5%	-2.3%	-10.0%	-5.2%	-2.3%	-
Revenue CAGR (5y)	0.8%	-0.6%	-4.8%	-	-	-
Gross profit growth (YoY)	228.6%	40.1%	374.9%	-93.7%	-4.1%	101.1%
Operating income growth (YoY)	-	9.5%	44.0%	-	-13.5%	-
Net income growth (YoY)	-	4.3%	18.5%	-	-15.2%	-
EPS growth (YoY)	-	5.2%	19.3%	-	-15.6%	-
EPS CAGR (3y)	-	-	-	-	2.5%	-10.1%
EPS CAGR (5y)	-6.6%	-	-	-	-1.4%	18.4%
FCF growth (YoY)	21.7%	82.4%	73.6%	-	-	125.5%
FCF CAGR (5y)	36.9%	54.9%	47.8%	2.0%	-	51.4%
Book value growth (YoY)	7.4%	-12.1%	-10.9%	-12.4%	6.5%	7.9%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$5.54B total

Civil$2.85B · 51.4%

Building Group$1.85B · 33.4%

Specialty Contractors$843.97M · 15.2%

Product / service

$4.37B total

Mass Transit$1.69B · 38.6%

Health Care Facilities$943.91M · 21.6%

Military Facilities$382.51M · 8.7%

Bridges$378.50M · 8.7%

Government Contract$191.52M · 4.4%

Detention Facilities$160.35M · 3.7%

Power And Energy$144.75M · 3.3%

Commercial And Industrial Facilities$142.53M · 3.3%

Education Facilities$122.32M · 2.8%

Multi Unit Residential$102.35M · 2.3%

Commercial And Industrial Sites$82.52M · 1.9%

Water$24.43M · 0.6%

Other$8.17M · 0.2%

Geographic

$5.54B total

US$5.05B · 91.2%

Non Us$489.73M · 8.8%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

1.47

Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

7/9

Strong

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
✓Long-term debt decreased
✗Current ratio improved
✗No share dilution
✓Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: General Bldg Contractors - Nonresidential Bldgs

Company	Revenue (last FY)	Net margin	ROE
JFB	$23.09M	0.5%	0.3%

Comparing TUTOR PERINI CORP against the 1 most active filer in the same SIC group.

Dividends

$0.18/share trailing 12 months

Ex-date	Per share
May 21, 2026	$0.0600
Mar 10, 2026	$0.0600
Dec 9, 2025	$0.0600
Nov 2, 2010	$1.0000