Tutor Perini Corporation (together with its consolidated subsidiaries, “Tutor Perini,” the “Company,” “we,” “us,” and “our,” unless the context indicates otherwise) is a leading construction company offering diversified general contracting, construction management and design-build services to private customers and public agencies throughout the world. The Company was formed through the 2008 merger between Tutor-Saliba Corporation and Perini Corporation (“Perini”) and our legacy dates to 1894, when Perini's predecessor businesses began providing construction services. Our corporate headquarters are in Los Angeles (Sylmar), California, and we have various other principal offices throughout the United States and its territories (see Item 2. Properties for a listing of our major facilities). Our common stock is listed on the New York Stock Exchange under the symbol “TPC.” We are incorporated in the Commonwealth of Massachusetts.
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Mass transit (includes certain transportation and tunneling projects) | $1.42B | $1.03B | $1.08B | $1.13B | $1.69B | 36% |
Healthcare facilities | — | $179M | $295M | $591M | $944M | 20% |
Detention facilities | — | — | $43M | $106M | $415M | 9% |
Military facilities | $195M | $258M | $348M | $437M | $383M | 8% |
Bridges | $238M | $265M | $204M | $170M | $378M | 8% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 5.5B | 5.5B | 4.3B | 3.9B | 3.8B | 4.6B |
| Net Income | 80M | 80M | -164M | -171M | -210M | 92M |
| EPS | $1.51 | $1.51 | $-3.13 | $-3.30 | $-4.09 | $1.79 |
| Free Cash Flow | 567M | 567M | 466M | 256M | 147M | -187M |
| ROIC | 14.5% | 34.0% | -10.0% | -8.3% | -9.0% | 8.4% |
| Gross Margin | 11.7% | 11.7% | 4.6% | 3.6% | 0.8% | 10.0% |
| Debt/Equity | 0.35 | 0.35 | 0.49 | 0.79 | 0.71 | 0.62 |
| Dividends/Share | $0.06 | $0.06 | $0.00 | - | - | - |
| Operating Income | 232M | 232M | -104M | -115M | -205M | 227M |
| Operating Margin | 4.2% | 4.2% | -2.4% | -3.0% | -5.4% | 4.9% |
| ROE | 6.6% | 6.8% | -14.4% | -13.3% | -14.5% | 5.6% |
| Shares Outstanding | 53M | 53M | 52M | 52M | 51M | 51M |
TUTOR PERINI CORP passes 1 of 9 quality checks, indicating weak fundamentals.
TUTOR PERINI CORP trades at 57.1x trailing earnings, compared to its 15-year median P/E of 9.2x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 8.0x vs a median of 6.2x. The company's 5-year average ROIC is 3.0% with a gross margin of 6.1%. At current prices, the estimated annualized return to fair value is +42.7%.
TUTOR PERINI CORP (TPC) has a current P/E ratio of 57.1, compared to its historical median P/E of 9.2. The stock is currently considered Expensive based on its historical valuation range.
TUTOR PERINI CORP (TPC) has a 5-year average return on invested capital (ROIC) of 3.0%. This is below average and may indicate limited pricing power.
TUTOR PERINI CORP (TPC) has a market capitalization of $4.6B. It is classified as a mid-cap stock.
Yes, TUTOR PERINI CORP (TPC) pays a dividend with a trailing twelve-month yield of 0.07%.
Based on historical P/E analysis, TUTOR PERINI CORP (TPC) appears expensive. The current P/E of 57.1 is 520% above its historical median of 9.2. The estimated fair value CAGR (P/E method) is -10.6%.
TUTOR PERINI CORP (TPC) operates in the General Bldg Contractors - Nonresidential Bldgs industry, within the Industrials sector.
TUTOR PERINI CORP (TPC) reported annual revenue of $5.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
TUTOR PERINI CORP (TPC) has a net profit margin of 1.5%. This is a modest margin.
TUTOR PERINI CORP (TPC) generated $567 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
TUTOR PERINI CORP (TPC) has a debt-to-equity ratio of 0.35. This indicates a conservatively financed balance sheet.
TUTOR PERINI CORP (TPC) reported earnings per share (EPS) of $1.51 in its most recent fiscal year.
TUTOR PERINI CORP (TPC) has a return on equity (ROE) of 6.8%. This indicates moderate shareholder returns.
TUTOR PERINI CORP (TPC) has a 5-year average gross margin of 6.1%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for TUTOR PERINI CORP (TPC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TUTOR PERINI CORP (TPC) has a book value per share of $22.88, based on its most recent annual SEC filing.
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