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Tutor Perini Financials

TPC
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Tutor Perini (TPC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 51 / 100
Financial Profile 51/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
32

Tutor Perini has an operating margin of 4.2%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 32/100, indicating healthy but not exceptional operating efficiency. This is up from -2.4% the prior year.

Growth
80

Tutor Perini's revenue surged 28.1% year-over-year to $5.5B, reflecting rapid business expansion. This strong growth earns a score of 80/100.

Leverage
95

Tutor Perini carries a low D/E ratio of 0.32, meaning only $0.32 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
21

Tutor Perini's current ratio of 1.27 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 21/100, which could limit financial flexibility.

Cash Flow
51

Tutor Perini has a free cash flow margin of 10.2%, earning a moderate score of 51/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
26

Tutor Perini generates a 6.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 26/100. This is up from -14.4% the prior year.

Altman Z-Score Grey Zone
2.08

Tutor Perini scores 2.08, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Strong
7/9

Tutor Perini passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
9.30x

For every $1 of reported earnings, Tutor Perini generates $9.30 in operating cash flow ($748.1M OCF vs $80.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
4.2x

Tutor Perini earns $4.2 in operating income for every $1 of interest expense ($232.0M vs $55.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue
$5.5B
YoY+28.1%
5Y CAGR+0.8%

Tutor Perini generated $5.5B in revenue in fiscal year 2025. This represents an increase of 28.1% from the prior year.

EBITDA
$281.8M
YoY+663.9%
5Y CAGR-5.3%
10Y CAGR+6.7%

Tutor Perini's EBITDA was $281.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 663.9% from the prior year.

Net Income
$80.4M
YoY+149.1%
5Y CAGR-5.8%
10Y CAGR+5.9%

Tutor Perini reported $80.4M in net income in fiscal year 2025. This represents an increase of 149.1% from the prior year.

EPS (Diluted)
$1.51
YoY+148.2%
5Y CAGR-6.6%
10Y CAGR+5.2%

Tutor Perini earned $1.51 per diluted share (EPS) in fiscal year 2025. This represents an increase of 148.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$567.2M
YoY+21.7%
5Y CAGR+36.9%

Tutor Perini generated $567.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 21.7% from the prior year.

Cash & Debt
$734.6M
YoY+61.4%
5Y CAGR+14.4%
10Y CAGR+25.6%

Tutor Perini held $734.6M in cash against $392.8M in long-term debt as of fiscal year 2025.

Dividends Per Share
$0.06

Tutor Perini paid $0.06 per share in dividends in fiscal year 2025.

Shares Outstanding
53M
YoY+0.6%
5Y CAGR+0.8%
10Y CAGR+0.7%

Tutor Perini had 53M shares outstanding in fiscal year 2025. This represents an increase of 0.6% from the prior year.

Margins & Returns

Gross Margin
11.7%
YoY+7.1pp
5Y CAGR+2.5pp

Tutor Perini's gross margin was 11.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 7.1 percentage points from the prior year.

Operating Margin
4.2%
YoY+6.6pp
5Y CAGR-0.8pp

Tutor Perini's operating margin was 4.2% in fiscal year 2025, reflecting core business profitability. This is up 6.6 percentage points from the prior year.

Net Margin
1.5%
YoY+5.2pp
5Y CAGR-0.6pp

Tutor Perini's net profit margin was 1.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5.2 percentage points from the prior year.

Return on Equity
6.6%
YoY+21.0pp
5Y CAGR-0.4pp
10Y CAGR+3.4pp

Tutor Perini's ROE was 6.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 21.0 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$180.9M
YoY+383.5%
5Y CAGR+27.0%
10Y CAGR+17.5%

Tutor Perini invested $180.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 383.5% from the prior year.

TPC Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $1.5B+6.5% $1.4B+3.0% $1.4B+10.2% $1.2B+16.8% $1.1B-1.4% $1.1B-4.0% $1.1B+7.5% $1.0B
Cost of Revenue $1.4B+9.1% $1.2B+5.8% $1.2B+5.9% $1.1B+3.3% $1.1B-2.8% $1.1B+9.7% $1.0B+8.2% $933.7M
Gross Profit $147.7M-12.8% $169.4M-13.6% $196.0M+45.8% $134.4M+1520.3% -$9.5M+63.4% -$25.8M-122.1% $117.1M+1.6% $115.3M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $97.6M-24.5% $129.3M+8.1% $119.6M+73.1% $69.1M-10.0% $76.8M-5.2% $81.0M+5.7% $76.6M+15.3% $66.4M
Operating Income $50.1M+25.0% $40.1M-47.5% $76.4M+17.0% $65.3M+175.7% -$86.2M+19.3% -$106.8M-363.8% $40.5M-17.0% $48.8M
Interest Expense $13.5M-0.5% $13.5M-0.3% $13.6M-5.3% $14.4M-43.8% $25.5M+20.2% $21.2M-8.1% $23.1M+19.6% $19.3M
Income Tax $11.4M-24.8% $15.2M-31.0% $22.0M+70.1% $12.9M+141.2% -$31.3M+7.7% -$33.9M-566.4% $7.3M-0.4% $7.3M
Net Income $28.8M+694.2% $3.6M-81.8% $20.0M-28.7% $28.0M+135.2% -$79.4M+21.2% -$100.9M-12521.4% $812K-94.8% $15.8M
EPS (Diluted) N/A $0.07-81.6% $0.38-28.3% $0.53 N/A $-1.92-9700.0% $0.02-93.3% $0.30

TPC Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $5.2B-0.1% $5.2B+6.1% $4.9B+9.3% $4.5B+5.0% $4.2B-3.3% $4.4B+2.2% $4.3B-1.8% $4.4B
Current Assets $4.1B-1.3% $4.2B+7.0% $3.9B+11.7% $3.5B+6.2% $3.3B-4.8% $3.5B+1.6% $3.4B-2.0% $3.5B
Cash & Equivalents $734.6M+5.6% $695.7M+32.2% $526.1M+90.3% $276.5M-39.2% $455.1M+58.3% $287.4M+7.6% $267.1M-25.5% $358.3M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill $205.1M0.0% $205.1M0.0% $205.1M0.0% $205.1M0.0% $205.1M0.0% $205.1M0.0% $205.1M0.0% $205.1M
Total Liabilities $3.9B-0.4% $3.9B+7.8% $3.6B+11.1% $3.3B+5.9% $3.1B-2.2% $3.2B+6.0% $3.0B-2.9% $3.1B
Current Liabilities $3.2B+1.0% $3.2B+8.5% $3.0B+12.5% $2.6B+12.7% $2.3B+4.5% $2.2B+8.3% $2.1B+0.9% $2.0B
Long-Term Debt $392.8M-0.1% $393.0M-0.1% $393.3M+0.4% $391.8M-23.2% $510.0M-22.2% $655.7M-0.3% $657.8M-15.7% $780.1M
Total Equity $1.2B+2.3% $1.2B+0.5% $1.2B+2.1% $1.2B+2.2% $1.1B-6.5% $1.2B-7.4% $1.3B+0.2% $1.3B
Retained Earnings $46.4M+120.9% $21.0M+20.9% $17.4M+775.1% -$2.6M+91.6% -$30.6M-162.6% $48.9M-67.4% $149.7M+0.5% $148.9M

TPC Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $173.7M-39.9% $289.1M+10.2% $262.4M+1047.8% $22.9M-93.1% $329.6M+1361.1% $22.6M-57.6% $53.1M-45.9% $98.3M
Capital Expenditures $75.0M+53.1% $49.0M+82.4% $26.8M-10.9% $30.1M+229.3% $9.1M+32.2% $6.9M-36.7% $10.9M+4.6% $10.4M
Free Cash Flow $98.7M-58.9% $240.2M+2.0% $235.6M+3353.4% -$7.2M-102.3% $320.4M+1948.4% $15.6M-62.9% $42.2M-51.9% $87.8M
Investing Cash Flow -$126.4M-99.7% -$63.3M-44.4% -$43.8M-83.5% -$23.9M-78.3% -$13.4M-307.8% -$3.3M+76.0% -$13.7M-32.7% -$10.3M
Financing Cash Flow -$35.2M-137.0% -$14.8M-227.0% $11.7M+108.0% -$146.4M+4.6% -$153.4M-5921.3% $2.6M+102.0% -$133.0M-21.4% -$109.6M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

TPC Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 9.8%-2.2pp 12.0%-2.3pp 14.3%+3.5pp 10.8%+11.7pp -0.9%+1.5pp -2.4%-12.8pp 10.4%-0.6pp 11.0%
Operating Margin 3.3%+0.5pp 2.8%-2.7pp 5.6%+0.3pp 5.2%+13.3pp -8.1%+1.8pp -9.9%-13.5pp 3.6%-1.1pp 4.7%
Net Margin 1.9%+1.7pp 0.3%-1.2pp 1.5%-0.8pp 2.3%+9.7pp -7.4%+1.9pp -9.3%-9.4pp 0.1%-1.4pp 1.5%
Return on Equity 2.4%+2.1pp 0.3%-1.4pp 1.7%-0.7pp 2.4%+9.4pp -7.0%+1.3pp -8.3%-8.4pp 0.1%-1.1pp 1.2%
Return on Assets 0.6%+0.5pp 0.1%-0.3pp 0.4%-0.2pp 0.6%+2.5pp -1.9%+0.4pp -2.3%-2.3pp 0.0%-0.3pp 0.4%
Current Ratio 1.27-0.0 1.30-0.0 1.320.0 1.33-0.1 1.41-0.1 1.55-0.1 1.65-0.0 1.70
Debt-to-Equity 0.320.0 0.330.0 0.330.0 0.34-0.1 0.45-0.1 0.54+0.0 0.50-0.1 0.60
FCF Margin 6.6%-10.4pp 17.0%-0.2pp 17.2%+17.7pp -0.6%-30.6pp 30.0%+28.6pp 1.4%-2.3pp 3.7%-4.6pp 8.4%

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Frequently Asked Questions

Tutor Perini (TPC) reported $5.5B in total revenue for fiscal year 2025. This represents a 28.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Tutor Perini (TPC) revenue grew by 28.1% year-over-year, from $4.3B to $5.5B in fiscal year 2025.

Yes, Tutor Perini (TPC) reported a net income of $80.4M in fiscal year 2025, with a net profit margin of 1.5%.

Tutor Perini (TPC) reported diluted earnings per share of $1.51 for fiscal year 2025. This represents a 148.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Tutor Perini (TPC) had EBITDA of $281.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Tutor Perini (TPC) had $734.6M in cash and equivalents against $392.8M in long-term debt.

Tutor Perini (TPC) had a gross margin of 11.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Tutor Perini (TPC) had an operating margin of 4.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Tutor Perini (TPC) had a net profit margin of 1.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Tutor Perini (TPC) paid $0.06 per share in dividends during fiscal year 2025.

Tutor Perini (TPC) has a return on equity of 6.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Tutor Perini (TPC) generated $567.2M in free cash flow during fiscal year 2025. This represents a 21.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Tutor Perini (TPC) generated $748.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Tutor Perini (TPC) had $5.2B in total assets as of fiscal year 2025, including both current and long-term assets.

Tutor Perini (TPC) invested $180.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Tutor Perini (TPC) had 53M shares outstanding as of fiscal year 2025.

Tutor Perini (TPC) had a current ratio of 1.27 as of fiscal year 2025, which is considered adequate.

Tutor Perini (TPC) had a debt-to-equity ratio of 0.32 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Tutor Perini (TPC) had a return on assets of 1.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Tutor Perini (TPC) has an Altman Z-Score of 2.08, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Tutor Perini (TPC) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Tutor Perini (TPC) has an earnings quality ratio of 9.30x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Tutor Perini (TPC) has an interest coverage ratio of 4.2x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Tutor Perini (TPC) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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