Tutor Perini Financials
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).
Tutor Perini’s cash-rich recovery came from margin normalization, while its financing mix shifted away from debt and toward operating liabilities.
FY2025’s reported profit matters less than the gap between operating cash flow of$748M and net income of$80M . After three straight years when cash stayed positive despite accounting losses, that cash conversion pattern suggests working-capital timing and collections were carrying liquidity before margins fully recovered, not just a one-year earnings rebound.
Gross margin jumped to
Cash exceeded long-term debt in FY2025, with
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Tutor Perini's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Tutor Perini has an operating margin of 4.2%, meaning the company retains $4 of operating profit per $100 of revenue. This below-average margin results in a low score of 24/100, suggesting thin profitability after operating expenses. This is up from -2.4% the prior year.
Tutor Perini's revenue surged 28.1% year-over-year to $5.5B, reflecting rapid business expansion. This strong growth earns a score of 66/100.
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.
Tutor Perini's current ratio of 1.27 is below the typical benchmark, resulting in a score of 21/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Tutor Perini has a free cash flow margin of 10.2%, earning a moderate score of 49/100. The company generates positive cash flow after capital investments, but with room for improvement.
Tutor Perini generates a 6.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 3/100. This is up from -14.4% the prior year.
Tutor Perini scores 2.02, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
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.
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.
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
Earnings & Revenue
Tutor Perini generated $5.5B in revenue in fiscal year 2025. This represents an increase of 28.1% from the prior year.
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.
Tutor Perini reported $80.4M in net income in fiscal year 2025. This represents an increase of 149.1% from the prior year.
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
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.
Tutor Perini held $734.6M in cash against $392.8M in long-term debt as of fiscal year 2025.
Tutor Perini paid $0.06 per share in dividends in fiscal year 2025.
Tutor Perini had 53M shares outstanding in fiscal year 2025. This represents an increase of 0.6% from the prior year.
Margins & Returns
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.
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.
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.
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
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 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B-7.8% | $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 |
| Cost of Revenue | $1.2B-9.2% | $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 |
| Gross Profit | $154.6M+4.7% | $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 |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $95.5M-2.2% | $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 |
| Operating Income | $59.2M+18.1% | $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 |
| Interest Expense | $13.4M-0.6% | $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 |
| Income Tax | $17.0M+49.0% | $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 |
| Net Income | $25.7M-10.9% | $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 |
| EPS (Diluted) | $0.48 | N/A | $0.07-81.6% | $0.38-28.3% | $0.53 | N/A | $-1.92-9700.0% | $0.02 |
TPC Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.1B-0.4% | $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 |
| Current Assets | $4.1B-0.4% | $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 |
| Cash & Equivalents | $803.0M+9.3% | $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 |
| 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-0.6% | $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 |
| Current Liabilities | $3.2B-0.9% | $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 |
| Long-Term Debt | $390.8M-0.5% | $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 |
| Total Equity | $1.2B-0.4% | $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 |
| Retained Earnings | $55.0M+18.4% | $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 |
TPC Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $146.9M-15.4% | $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 |
| Capital Expenditures | $18.0M-76.0% | $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 |
| Free Cash Flow | $128.9M+30.6% | $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 |
| Investing Cash Flow | -$43.8M+65.3% | -$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 |
| Financing Cash Flow | -$46.5M-32.0% | -$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 |
| Dividends Paid | $3.3M | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| Share Buybacks | $20.0M | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
TPC Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 11.1%+1.3pp | 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% |
| Operating Margin | 4.3%+0.9pp | 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% |
| Net Margin | 1.8%-0.1pp | 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% |
| Return on Equity | 2.1%-0.2pp | 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% |
| Return on Assets | 0.5%-0.1pp | 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% |
| Current Ratio | 1.280.0 | 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 |
| Debt-to-Equity | 0.320.0 | 0.320.0 | 0.330.0 | 0.330.0 | 0.34-0.1 | 0.45-0.1 | 0.54+0.0 | 0.50 |
| FCF Margin | 9.3%+2.7pp | 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% |
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Frequently Asked Questions
What is Tutor Perini's annual revenue?
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.
How fast is Tutor Perini's revenue growing?
Tutor Perini (TPC) revenue grew by 28.1% year-over-year, from $4.3B to $5.5B in fiscal year 2025.
Is Tutor Perini profitable?
Yes, Tutor Perini (TPC) reported a net income of $80.4M in fiscal year 2025, with a net profit margin of 1.5%.
What is Tutor Perini's EBITDA?
Tutor Perini (TPC) had EBITDA of $281.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Tutor Perini have?
As of fiscal year 2025, Tutor Perini (TPC) had $734.6M in cash and equivalents against $392.8M in long-term debt.
What is Tutor Perini's gross margin?
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.
What is Tutor Perini's operating margin?
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.
What is Tutor Perini's net profit margin?
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.
Does Tutor Perini pay dividends?
Yes, Tutor Perini (TPC) paid $0.06 per share in dividends during fiscal year 2025.
What is Tutor Perini's return on equity (ROE)?
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.
What is Tutor Perini's free cash flow?
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.
What is Tutor Perini's operating cash flow?
Tutor Perini (TPC) generated $748.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Tutor Perini's total assets?
Tutor Perini (TPC) had $5.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Tutor Perini's capital expenditures?
Tutor Perini (TPC) invested $180.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Tutor Perini's current ratio?
Tutor Perini (TPC) had a current ratio of 1.27 as of fiscal year 2025, which is considered adequate.
What is Tutor Perini's debt-to-equity ratio?
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.
What is Tutor Perini's return on assets (ROA)?
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.
What is Tutor Perini's Altman Z-Score?
Tutor Perini (TPC) has an Altman Z-Score of 2.02, 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.
What is Tutor Perini's Piotroski F-Score?
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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Tutor Perini's earnings high quality?
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.
Can Tutor Perini cover its interest payments?
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.
How financially healthy is Tutor Perini?
Tutor Perini (TPC) scores 43 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.