NYSE : TPC
Tutor Perini Corporation — Financial statements
Industrials · Engineering & Construction · United States
Last price 79.82 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.20B
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Financial statements
Tutor Perini Corporation (TPC) reported revenue of 5.95B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 5.95B | 5.54B | 4.33B | 3.88B | 3.79B | 4.64B |
| Cost of Revenue | 5.27B | 4.90B | 4.13B | 3.74B | 3.76B | 4.18B |
| Gross Profit | 683.03M | 647.51M | 197.04M | 140.62M | 29.61M | 466.39M |
| Selling, General & Admin | 413.78M | 413.48M | 299.13M | 253.52M | 231.81M | 236.73M |
| Operating Expenses | 413.78M | 413.48M | 299.13M | 253.52M | 231.81M | 236.73M |
| Operating Income | 269.25M | 234.03M | -102.09M | -112.90M | -202.19M | 229.66M |
| Interest Expense | -54.14M | -54.97M | -89.13M | -85.16M | -69.64M | -69.03M |
| Other Non Operating Income (Expenses) | 36.09M | 25.50M | 18.09M | 15.38M | 4.04M | 2.13M |
| EBT Excluding Unusual Items | 251.20M | 204.57M | -173.14M | -182.67M | -267.79M | 162.77M |
| Gain (Loss) on Sale of Investments | -41.00K | -65.00K | 128.00K | 115.00K | 121.00K | -352.00K |
| Gain (Loss) on Sale of Assets | -2.64M | |||||
| Pretax Income | 251.16M | 204.51M | -173.01M | -182.55M | -267.67M | 159.78M |
| Income Tax Expense | 74.32M | 61.43M | -50.67M | -54.96M | -75.10M | 25.63M |
| Earnings From Continuing Operations | 176.84M | 143.08M | -122.34M | -127.60M | -192.57M | 134.15M |
| Minority Interest in Earnings | -52.94M | -62.64M | -41.38M | -43.56M | -17.44M | -42.23M |
| Net Income | 123.91M | 80.44M | -163.72M | -171.16M | -210.01M | 91.92M |
| Net Income to Common | 123.91M | 80.44M | -163.72M | -171.16M | -210.01M | 91.92M |
| Shares Outstanding (Basic) | 52.71M | 52.69M | 52.32M | 51.84M | 51.32M | 51.02M |
| Shares Outstanding (Diluted) | 53.67M | 53.41M | 52.32M | 51.84M | 51.32M | 51.37M |
| EPS (Basic) | 2.35 | 1.53 | -3.13 | -3.30 | -4.09 | 1.80 |
| EPS (Diluted) | 2.32 | 1.51 | -3.13 | -3.30 | -4.09 | 1.79 |
| Free Cash Flow | 621.33M | 567.21M | 466.13M | 255.52M | 147.19M | -187.05M |
| Free Cash Flow Per Share | 11.58 | 10.62 | 8.91 | 4.93 | 2.87 | -3.64 |
| Dividend Per Share | 0.18 | 0.06 | ||||
| Gross Margin | 11.48% | 11.68% | 4.55% | 3.62% | 0.78% | 10.05% |
| Operating Margin | 4.53% | 4.22% | -2.36% | -2.91% | -5.33% | 4.95% |
| Profit Margin | 2.08% | 1.45% | -3.78% | -4.41% | -5.54% | 1.98% |
| Free Cash Flow Margin | 10.44% | 10.23% | 10.77% | 6.59% | 3.88% | -4.03% |
| EBITDA | 315.28M | 283.85M | -48.30M | -67.67M | -137.83M | 347.89M |
| EBITDA Margin | 5.30% | 5.12% | -1.12% | -1.74% | -3.64% | 7.50% |
| D&A For EBITDA | 46.03M | 49.81M | 53.79M | 45.23M | 64.36M | 118.23M |
| EBIT | 269.25M | 234.03M | -102.09M | -112.90M | -202.19M | 229.66M |
| EBIT Margin | 4.53% | 4.22% | -2.36% | -2.91% | -5.33% | 4.95% |
| Effective Tax Rate | 29.59% | 30.04% | 16.04% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 938.22M | 734.55M | 455.08M | 380.56M | 259.35M | 202.20M |
| Cash & Short-Term Investments | 938.22M | 734.55M | 455.08M | 380.56M | 259.35M | 202.20M |
| Receivables | 2.75B | 2.71B | 2.49B | 2.78B | 3.13B | 3.38B |
| Restricted Cash | 6.94M | 35.64M | 9.10M | 14.12M | 14.48M | 9.20M |
| Other Current Assets | 611.02M | 639.99M | 332.90M | 347.89M | 270.77M | 271.13M |
| Total Current Assets | 4.30B | 4.12B | 3.29B | 3.52B | 3.68B | 3.86B |
| Property, Plant & Equipment | 640.90M | 606.60M | 464.68M | 490.17M | 485.91M | 483.11M |
| Goodwill | 205.14M | 205.14M | 205.14M | 205.14M | 205.14M | 205.14M |
| Other Intangible Assets | 62.71M | 63.83M | 66.07M | 68.31M | 70.54M | 85.07M |
| Long-Term Deferred Tax Assets | 63.31M | 96.57M | 143.29M | 74.08M | 15.91M | |
| Long-Term Deferred Charges | 600.00K | 900.00K | 1.40M | 1.40M | 1.60M | 2.10M |
| Other Long-Term Assets | 84.50M | 70.49M | 75.46M | 69.40M | 84.92M | 86.99M |
| Total Assets | 5.36B | 5.16B | 4.24B | 4.43B | 4.54B | 4.72B |
| Accounts Payable | 730.65M | 724.93M | 631.47M | 466.55M | 495.35M | 512.06M |
| Accrued Expenses | 383.20M | 384.36M | 212.46M | 208.03M | 172.81M | 202.54M |
| Current Portion of Long-Term Debt | 5.00M | 14.59M | 24.11M | 117.43M | 70.28M | 24.41M |
| Current Portion of Leases | 13.18M | 11.76M | 7.07M | 6.28M | 6.71M | 7.48M |
| Current Unearned Revenue | 1.93B | 1.84B | 1.22B | 1.10B | 975.81M | 761.69M |
| Other Current Liabilities | 287.06M | 265.25M | 240.97M | 223.14M | 246.56M | 268.94M |
| Total Current Liabilities | 3.35B | 3.24B | 2.33B | 2.12B | 1.97B | 1.78B |
| Long-Term Debt | 391.34M | 392.79M | 510.02M | 782.31M | 888.15M | 969.25M |
| Long-Term Leases | 55.34M | 51.78M | 38.63M | 47.78M | 49.18M | 50.06M |
| Pension & Post-Retirement Benefits | 9.11M | 11.04M | 19.25M | 22.63M | 27.86M | |
| Long-Term Deferred Tax Liabilities | 956.00K | 4.65M | 70.99M | |||
| Other Long-Term Liabilities | 230.62M | 204.58M | 191.71M | 170.69M | 168.68M | 155.91M |
| Total Liabilities | 4.03B | 3.90B | 3.08B | 3.15B | 3.10B | 3.05B |
| Common Stock | 52.57M | 52.79M | 52.49M | 52.02M | 51.52M | 51.10M |
| Additional Paid-In Capital | 1.14B | 1.15B | 1.15B | 1.15B | 1.14B | 1.13B |
| Retained Earnings | 110.50M | 46.44M | -30.57M | 133.15M | 304.30M | 514.31M |
| Comprehensive Income & Other | -32.13M | -29.23M | -33.99M | -39.79M | -47.04M | -43.63M |
| Total Common Equity | 1.27B | 1.22B | 1.13B | 1.29B | 1.45B | 1.65B |
| Minority Interest | 68.87M | 44.03M | 23.88M | -7.68M | -7.73M | 18.80M |
| Shareholders' Equity | 1.34B | 1.26B | 1.16B | 1.28B | 1.44B | 1.67B |
| Total Liabilities & Equity | 5.36B | 5.16B | 4.24B | 4.43B | 4.54B | 4.72B |
| Total Debt | 464.86M | 470.92M | 579.83M | 953.80M | 1.01B | 1.05B |
| Net Cash (Debt) | 473.36M | 263.63M | -124.75M | -573.24M | -754.97M | -849.00M |
| Net Cash Per Share | 8.82 | 4.94 | -2.38 | -11.06 | -14.71 | -16.53 |
| Filing Date Shares Outstanding | 52.57M | 52.79M | 52.49M | 52.03M | 51.52M | 51.10M |
| Total Common Shares Outstanding | 52.79M | 52.79M | 52.49M | 52.03M | 51.52M | 51.10M |
| Working Capital | 955.20M | 877.39M | 953.97M | 1.40B | 1.71B | 2.09B |
| Book Value Per Share | 23.99 | 23.08 | 21.62 | 24.83 | 28.14 | 32.39 |
| Tangible Book Value | 998.35M | 949.66M | 863.51M | 1.02B | 1.17B | 1.36B |
| Tangible Book Value Per Share | 18.91 | 17.99 | 16.45 | 19.57 | 22.79 | 26.71 |
| Land | 44.13M | 44.13M | 44.13M | 44.43M | 40.17M | |
| Buildings | 149.97M | 138.80M | 132.64M | 124.43M | 116.15M | |
| Machinery | 924.08M | 806.37M | 798.70M | 771.74M | 756.74M | |
| Order Backlog | 20.56B | 18.67B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 123.91M | 80.44M | -163.72M | -171.16M | -210.01M | 91.92M |
| Depreciation & Amortization | 46.03M | 49.81M | 53.79M | 45.23M | 64.36M | 118.23M |
| Other Amortization | 4.83M | 4.55M | 14.07M | 5.46M | 3.70M | 5.76M |
| Loss (Gain) From Sale of Assets | 288.00K | -2.05M | 116.00K | -5.02M | 145.00K | 2.64M |
| Stock-Based Compensation | 145.96M | 150.00M | 40.36M | 12.26M | 9.06M | 11.64M |
| Other Operating Activities | 92.35M | 114.01M | -45.08M | -10.97M | -50.72M | 43.58M |
| Change in Accounts Receivable | -214.37M | -214.37M | 290.45M | 355.66M | 235.67M | -73.39M |
| Change in Accounts Payable | 93.46M | 93.46M | 164.92M | -28.80M | -15.78M | -283.48M |
| Change in Unearned Revenue | 646.26M | 646.26M | 130.93M | 104.29M | 191.74M | -123.72M |
| Change in Other Net Operating Assets | -141.80M | -174.06M | 17.73M | 1.51M | -21.21M | 58.37M |
| Operating Cash Flow | 796.92M | 748.07M | 503.54M | 308.47M | 206.97M | -148.45M |
| Capital Expenditures | -175.59M | -180.85M | -37.41M | -52.95M | -59.78M | -38.59M |
| Sale of Property, Plant & Equipment | 8.85M | 8.88M | 4.75M | 10.06M | 8.60M | 7.25M |
| Other Investing Activities | -114.57M | -85.33M | -8.03M | -35.35M | -14.46M | -5.99M |
| Investing Cash Flow | -281.31M | -257.31M | -40.69M | -78.25M | -65.64M | -37.34M |
| Long-Term Debt Issued | 188.22M | 787.13M | 712.32M | 693.76M | 740.74M | |
| Long-Term Debt Repaid | -318.97M | -1.14B | -774.00M | -732.10M | -777.76M | |
| Net Debt Issued (Repaid) | -27.35M | -130.76M | -354.63M | -61.67M | -38.34M | -37.02M |
| Common Dividends Paid | -9.64M | -3.17M | ||||
| Other Financing Activities | -50.55M | -50.82M | -38.72M | -47.70M | -40.56M | -17.64M |
| Financing Cash Flow | -117.54M | -184.75M | -393.35M | -109.38M | -78.90M | -54.66M |
| Net Cash Flow | 398.07M | 306.01M | 69.51M | 120.85M | 62.44M | -240.46M |
| Free Cash Flow | 621.33M | 567.21M | 466.13M | 255.52M | 147.19M | -187.05M |
| Free Cash Flow Margin | 10.44% | 10.23% | 10.77% | 6.59% | 3.88% | -4.03% |
| Free Cash Flow Per Share | 11.58 | 10.62 | 8.91 | 4.93 | 2.87 | -3.64 |
| Levered Free Cash Flow | 573.20M | 496.31M | 560.77M | 275.55M | 233.63M | -167.98M |
| Unlevered Free Cash Flow | 602.21M | 526.11M | 602.41M | 323.32M | 273.46M | -130.60M |
| Cash Interest Paid | 50.42M | 50.42M | 73.67M | 80.29M | 64.76M | 63.76M |
| Cash Income Tax Paid | 8.71M | 8.71M | 18.07M | 828.00K | 9.95M | -8.30M |
| Change in Working Capital | 383.56M | 351.29M | 604.02M | 432.66M | 390.42M | -422.23M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.18B | 3.53B | 1.27B | 473.40M | 388.71M | 631.77M |
| Enterprise Value | 3.70B | 3.37B | 1.74B | 1.14B | 1.08B | 1.48B |
| Last Close Price | 79.42 | 66.85 | 24.12 | 9.07 | 7.52 | 12.33 |
| PE Ratio | 34.23 | 43.94 | 6.87 | |||
| Forward PE | 16.66 | 18.26 | 20.78 | 6.62 | 75.50 | 6.19 |
| PS Ratio | 0.70 | 0.64 | 0.29 | 0.12 | 0.10 | 0.14 |
| PB Ratio | 3.31 | 2.80 | 1.09 | 0.37 | 0.27 | 0.38 |
| P/TBV Ratio | 4.18 | 3.72 | 1.47 | 0.47 | 0.33 | 0.46 |
| P/FCF Ratio | 6.72 | 6.23 | 2.72 | 1.85 | 2.64 | |
| P/OCF Ratio | 5.24 | 4.72 | 2.52 | 1.53 | 1.88 | |
| PEG Ratio | 0.66 | 0.66 | 0.66 | 0.66 | 0.66 | |
| EV/Sales Ratio | 0.62 | 0.61 | 0.40 | 0.29 | 0.28 | 0.32 |
| EV/EBITDA Ratio | 11.74 | 11.89 | 4.26 | |||
| EV/EBIT Ratio | 13.75 | 14.42 | 6.45 | |||
| EV/FCF Ratio | 5.96 | 5.95 | 3.73 | 4.48 | 7.31 | |
| Debt / Equity Ratio | 0.35 | 0.37 | 0.50 | 0.74 | 0.70 | 0.63 |
| Debt / EBITDA Ratio | 1.19 | 1.33 | 29.36 | 2,320.68 | 2.42 | |
| Debt / FCF Ratio | 0.75 | 0.83 | 1.24 | 3.73 | 6.89 | |
| Net Debt / Equity Ratio | -0.35 | -0.21 | 0.11 | 0.45 | 0.52 | 0.51 |
| Net Debt / EBITDA Ratio | -1.50 | -0.93 | -2.58 | -8.47 | -5.48 | 2.44 |
| Net Debt / FCF Ratio | -0.76 | -0.47 | 0.27 | 2.24 | 5.13 | -4.54 |
| Asset Turnover | 1.16 | 1.18 | 1.00 | 0.86 | 0.82 | 0.95 |
| Quick Ratio | 1.10 | 1.06 | 1.26 | 1.49 | 1.73 | 2.02 |
| Current Ratio | 1.28 | 1.27 | 1.41 | 1.66 | 1.87 | 2.17 |
| Return on Equity (ROE) | 13.74% | 11.82% | -10.02% | -9.36% | -12.36% | 8.34% |
| Return on Assets (ROA) | 3.29% | 3.11% | -1.47% | -1.57% | -2.73% | 2.94% |
| Return on Invested Capital (ROIC) | 21.19% | 14.35% | -6.50% | -5.57% | -8.57% | 8.08% |
| Return on Capital Employed (ROCE) | 13.40% | 12.20% | -5.30% | -4.90% | -7.90% | 7.80% |
| Earnings Yield | 2.92% | 2.28% | -12.90% | -36.15% | -54.03% | 14.55% |
| FCF Yield | 14.88% | 16.05% | 36.73% | 53.97% | 37.87% | -29.61% |
| Dividend Yield | 0.45% | 0.09% | ||||
| Payout Ratio | 11.64% | 3.94% | ||||
| Buyback Yield / Dilution | -2.16% | -2.08% | -0.92% | -1.01% | 0.09% | -0.57% |
| Total Shareholder Return | -1.71% | -1.99% | -0.92% | -1.01% | 0.09% | -0.57% |