Tutor Perini (TPC) Financials

$82.37 -0.42 (-0.51%)

As of 03:01 PM Eastern

Annual Income Statements for Tutor Perini

This table shows Tutor Perini's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	45	96	148	83	-388	108	92	-210	-171	-164	80
Consolidated Net Income / (Loss)	45	96	155	98	-360	152	134	-193	-128	-122	143
Net Income / (Loss) Continuing Operations	45	96	155	98	-360	152	134	-193	-128	-122	143
Total Pre-Tax Income	74	149	154	133	-426	174	160	-268	-183	-173	205
Total Operating Income	105	202	179	192	-365	262	227	-205	-115	-104	232
Total Gross Profit	356	457	454	454	242	486	466	30	141	197	648
Total Revenue	4,920	4,973	4,757	4,455	4,451	5,319	4,642	3,791	3,880	4,327	5,543
Operating Revenue	4,920	4,973	4,757	4,455	4,451	5,319	4,642	3,791	3,880	4,327	5,543
Total Cost of Revenue	4,564	4,516	4,303	4,000	4,209	4,833	4,175	3,761	3,740	4,130	4,896
Operating Cost of Revenue	4,564	4,516	4,303	4,000	4,209	4,833	4,175	3,761	3,740	4,130	4,896
Total Operating Expenses	251	255	275	263	607	224	240	234	255	301	416
Selling, General & Admin Expense	251	255	275	263	227	224	240	234	255	301	416
Total Other Income / (Expense), net	-32	-53	-26	-59	-61	-88	-67	-63	-68	-69	-27
Interest Expense	45	60	69	64	67	76	69	70	85	89	55
Other Income / (Expense), net	14	6.98	44	4.26	6.67	-12	2.00	6.73	17	20	28
Income Tax Expense	29	53	-0.57	35	-66	22	26	-75	-55	-51	61
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	6.16	14	27	44	42	17	44	41	63
Basic Earnings per Share	$0.92	$1.95	$2.99	$1.67	($7.72)	$2.14	$1.80	($4.09)	($3.30)	($3.13)	$1.53
Weighted Average Basic Shares Outstanding	48.98M	49.15M	49.65M	49.95M	50.22M	50.66M	51.02M	51.32M	51.85M	52.32M	52.69M
Diluted Earnings per Share	$0.91	$1.92	$2.92	$1.66	($7.72)	$2.12	$1.79	($4.09)	($3.30)	($3.13)	$1.51
Weighted Average Diluted Shares Outstanding	49.67M	49.86M	50.76M	50.30M	50.22M	51.08M	51.37M	51.32M	51.85M	52.32M	53.41M
Weighted Average Basic & Diluted Shares Outstanding	49.20M	49.10M	49.60M	50M	50.30M	50.91M	51.10M	51.52M	52.03M	52.49M	52.79M
Cash Dividends to Common per Share	-	-	-	-	-	-	-	-	-	-	$0.06

This table shows Tutor Perini's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-37	-48	16	0.81	-101	-79	28	20	3.63	29	26
Consolidated Net Income / (Loss)	-26	-36	28	16	-90	-76	43	47	19	34	40
Net Income / (Loss) Continuing Operations	-26	-36	28	16	-90	-76	43	47	19	34	40
Total Pre-Tax Income	-30	-39	35	23	-124	-108	56	69	34	46	57
Total Operating Income	-13	-22	49	40	-107	-86	65	76	40	50	59
Total Gross Profit	51	49	115	117	-26	-9.46	134	196	169	148	155
Total Revenue	1,061	1,021	1,049	1,127	1,083	1,068	1,247	1,374	1,415	1,507	1,389
Operating Revenue	1,061	1,021	1,049	1,127	1,083	1,068	1,247	1,374	1,415	1,507	1,389
Total Cost of Revenue	1,010	973	934	1,010	1,109	1,077	1,112	1,178	1,246	1,360	1,235
Operating Cost of Revenue	1,010	973	934	1,010	1,109	1,077	1,112	1,178	1,246	1,360	1,235
Total Operating Expenses	63	71	66	77	81	77	69	120	129	98	95
Selling, General & Admin Expense	63	71	66	77	81	77	69	120	129	98	95
Total Other Income / (Expense), net	-17	-17	-14	-17	-17	-21	-9.66	-7.38	-6.09	-4.31	-2.67
Interest Expense	20	21	19	23	21	26	14	14	14	13	13
Other Income / (Expense), net	2.97	4.76	5.31	5.84	4.49	4.24	4.69	6.20	7.46	9.16	11
Income Tax Expense	-4.09	-2.95	7.31	7.28	-34	-31	13	22	15	11	17
Net Income / (Loss) Attributable to Noncontrolling Interest	11	11	12	15	11	3.22	15	27	15	5.56	14
Basic Earnings per Share	($0.71)	($0.92)	$0.30	$0.02	($1.92)	($1.53)	$0.53	$0.38	$0.07	$0.55	$0.49
Weighted Average Basic Shares Outstanding	51.99M	51.85M	52.09M	52.33M	52.41M	52.32M	52.54M	52.72M	52.74M	52.69M	52.74M
Diluted Earnings per Share	($0.71)	($0.92)	$0.30	$0.02	($1.92)	($1.53)	$0.53	$0.38	$0.07	$0.53	$0.48
Weighted Average Diluted Shares Outstanding	51.99M	51.85M	52.52M	52.85M	52.41M	52.32M	53.01M	53.19M	53.66M	53.41M	53.75M
Weighted Average Basic & Diluted Shares Outstanding	52.02M	52.03M	52.28M	52.39M	52.43M	52.49M	52.70M	52.74M	52.74M	52.79M	52.61M
Cash Dividends to Common per Share	-	-	-	-	-	-	-	-	-	-	$0.06

This table details how cash moves in and out of Tutor Perini's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-60	75	1.04	-78	82	250	-240	62	121	70	306
Net Cash From Operating Activities	14	113	164	21	137	173	-148	207	308	504	748
Net Cash From Continuing Operating Activities	14	113	164	21	137	173	-148	207	308	504	748
Net Income / (Loss) Continuing Operations	45	96	155	98	-360	152	134	-193	-128	-122	143
Consolidated Net Income / (Loss)	45	96	155	98	-360	152	134	-193	-128	-122	143
Depreciation Expense	38	64	48	44	59	75	83	50	43	52	48
Amortization Expense	5.81	15	21	16	19	52	41	15	2.24	2.24	2.24
Non-Cash Adjustments To Reconcile Net Income	2.70	12	19	24	357	11	15	6.19	18	46	157
Changes in Operating Assets and Liabilities, net	-78	-72	-80	-159	62	-117	-421	329	373	526	398
Net Cash From Investing Activities	-32	-14	-87	-70	-76	-46	-37	-66	-78	-41	-257
Net Cash From Continuing Investing Activities	-32	-14	-87	-70	-76	-46	-37	-66	-78	-41	-257
Purchase of Property, Plant & Equipment	-36	-16	-30	-77	-84	-55	-39	-60	-53	-37	-181
Purchase of Investments	-	-	-61	-21	-35	-31	-31	-24	-48	-36	-125
Sale of Property, Plant & Equipment	4.98	1.90	2.74	6.39	13	15	7.25	8.60	10	4.75	8.88
Sale and/or Maturity of Investments	-	-	1.37	21	24	25	25	9.49	13	28	39
Net Cash From Financing Activities	-42	-24	-75	-29	22	123	-55	-79	-109	-393	-185
Net Cash From Continuing Financing Activities	-42	-24	-75	-29	22	123	-55	-79	-109	-393	-185
Repayment of Debt	-1,054	-1,578	-2,210	-1,738	-871	-1,131	-778	-732	-776	-1,167	-319
Payment of Dividends	-	-	-17	-45	-47	-48	-23	-47	-47	-23	-55
Issuance of Debt	1,013	1,554	2,161	1,753	932	1,301	741	694	712	787	188
Issuance of Common Equity	-	-	2.84	3.80	9.81	3.00	7.00	8.69	2.00	15	7.61
Other Financing Activities, net	-0.62	-0.32	-12	-2.67	-2.36	-1.40	-1.99	-1.73	-0.97	-5.56	-6.79

This table details how cash moves in and out of Tutor Perini's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	57	63	-22	-94	22	163	-147	230	211	12	57
Net Cash From Operating Activities	103	128	98	53	23	330	23	262	289	174	147
Net Cash From Continuing Operating Activities	103	128	98	53	23	330	23	262	284	179	147
Net Income / (Loss) Continuing Operations	-26	-36	28	16	-90	-76	43	47	19	34	40
Consolidated Net Income / (Loss)	-26	-36	28	16	-90	-76	43	47	19	34	40
Depreciation Expense	11	13	13	13	13	12	12	12	12	12	11
Amortization Expense	0.56	0.56	0.56	-1.25	0.56	0.56	0.56	0.56	0.56	0.56	0.56
Non-Cash Adjustments To Reconcile Net Income	-59	80	3.93	16	16	-3.82	9.05	57	93	-1.99	29
Changes in Operating Assets and Liabilities, net	176	71	53	9.22	82	397	-42	145	160	135	67
Net Cash From Investing Activities	-14	-35	-10	-14	-3.28	-13	-24	-44	-63	-126	-44
Net Cash From Continuing Investing Activities	-14	-35	-10	-14	-3.28	-13	-24	-44	-63	-126	-44
Purchase of Property, Plant & Equipment	-15	-7.36	-10	-11	-6.91	-9.14	-30	-27	-49	-75	-18
Purchase of Investments	-3.47	-30	-12	-10	-3.71	-9.86	-3.66	-30	-23	-69	-38
Sale of Property, Plant & Equipment	2.25	1.06	0.63	0.81	1.51	1.81	0.50	3.74	0.90	3.74	2.58
Sale and/or Maturity of Investments	1.91	1.86	12	6.45	5.83	3.80	9.39	9.36	7.36	13	10
Net Cash From Financing Activities	-31	-30	-110	-133	2.64	-153	-146	12	-15	-35	-46
Net Cash From Continuing Financing Activities	-31	-30	-110	-133	2.64	-153	-146	12	-15	-35	-46
Repayment of Debt	-187	-17	-101	-725	-41	-300	-189	-115	-7.35	-6.76	-9.56
Repurchase of Common Equity	-	-	-	-	-	-	0.00	-	-	-	-20
Payment of Dividends	-11	-20	-7.40	-5.00	-	-11	-12	-8.65	-7.50	-27	-15
Issuance of Debt	165	9.90	0.00	598	45	144	60	128	-	-	0.00
Issuance of Common Equity	2.50	-2.50	-	-	0.09	15	0.00	-	-	0.11	4.99
Other Financing Activities, net	-0.45	-0.23	-1.44	-0.75	-1.06	-2.30	-5.15	-0.00	-	-1.64	-7.12

This table presents Tutor Perini's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	3,861	4,039	4,264	4,388	4,486	5,046	4,725	4,543	4,430	4,243	5,160
Total Current Assets	2,609	2,838	3,074	3,176	3,511	4,080	3,862	3,679	3,521	3,287	4,117
Cash & Equivalents	75	146	193	116	194	374	202	259	381	455	735
Restricted Cash	46	51	58	62	79	156	94	106	144	149	265
Accounts Receivable	2,379	1,743	1,266	1,261	1,355	1,415	1,454	1,171	1,054	987	1,219
Other Current Assets	109	898	1,558	1,737	1,883	2,135	2,112	2,142	1,942	1,696	1,899
Plant, Property, & Equipment, net	524	478	467	491	510	489	430	435	441	423	548
Total Noncurrent Assets	729	723	722	721	465	476	433	429	467	533	496
Goodwill	585	585	585	585	205	205	205	205	205	205	205
Intangible Assets	97	93	89	86	155	123	85	71	68	66	64
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	16	74	143	97
Other Noncurrent Operating Assets	47	45	48	51	105	148	143	137	120	119	130
Total Liabilities & Shareholders' Equity	3,861	4,039	4,264	4,388	4,486	5,046	4,725	4,543	4,430	4,243	5,160
Total Liabilities	2,441	2,486	2,559	2,600	3,055	3,503	3,051	3,101	3,146	3,084	3,898
Total Current Liabilities	1,449	1,519	1,582	1,598	2,110	2,264	1,777	1,968	2,125	2,333	3,239
Short-Term Debt	89	86	31	17	124	100	24	70	117	24	15
Accounts Payable	937	994	700	622	683	795	512	495	467	631	725
Accrued Expenses	134	108	132	174	207	215	210	180	214	220	396
Current Deferred Revenue	288	331	-	-	844	839	762	976	1,104	1,217	1,839
Other Current Liabilities	-	-	719	212	252	315	269	247	223	241	265
Total Noncurrent Liabilities	992	967	977	1,002	945	1,238	1,274	1,133	1,021	751	658
Long-Term Debt	729	674	706	745	710	925	969	888	782	510	393
Other Noncurrent Operating Liabilities	141	162	163	152	199	230	234	240	238	241	265
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,420	1,553	1,705	1,788	1,431	1,543	1,674	1,442	1,284	1,159	1,263
Total Preferred & Common Equity	1,420	1,553	1,713	1,809	1,440	1,554	1,655	1,450	1,292	1,135	1,219
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,420	1,553	1,713	1,809	1,440	1,554	1,655	1,450	1,292	1,135	1,219
Common Stock	1,085	1,125	1,134	1,153	1,168	1,178	1,184	1,192	1,198	1,199	1,201
Retained Earnings	378	474	622	702	314	422	514	304	133	-31	46
Accumulated Other Comprehensive Income / (Loss)	-42	-45	-43	-45	-42	-47	-44	-47	-40	-34	-29
Noncontrolling Interest	-	-	-8.50	-21	-9.62	-11	19	-7.73	-7.68	24	44

This table presents Tutor Perini's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	4,761	4,477	4,469	4,486	4,370	4,294	4,387	4,454	4,870	5,165	5,138
Total Current Assets	3,906	3,528	3,546	3,569	3,467	3,396	3,452	3,489	3,898	4,172	4,099
Cash & Equivalents	323	283	264	290	358	267	287	276	526	696	803
Restricted Cash	101	108	108	140	145	147	149	176	178	236	280
Accounts Receivable	1,253	1,141	1,227	1,161	1,057	1,087	1,311	1,298	1,338	1,300	1,138
Other Current Assets	2,229	1,996	1,948	1,977	1,906	1,895	1,704	1,738	1,856	1,941	1,879
Plant, Property, & Equipment, net	430	442	445	447	439	434	427	441	455	491	555
Total Noncurrent Assets	425	508	478	470	465	463	508	525	517	502	484
Goodwill	205	205	205	205	205	205	205	205	205	205	205
Intangible Assets	71	70	69	69	68	67	67	66	65	64	63
Noncurrent Deferred & Refundable Income Taxes	-	-	-	72	70	67	111	134	117	103	82
Other Noncurrent Operating Assets	149	232	203	124	122	124	125	120	130	130	133
Total Liabilities & Shareholders' Equity	4,761	4,477	4,469	4,486	4,370	4,294	4,387	4,454	4,870	5,165	5,138
Total Liabilities	3,242	3,087	3,100	3,152	3,067	2,978	3,155	3,267	3,630	3,912	3,873
Total Current Liabilities	2,041	1,934	1,956	2,037	2,043	2,061	2,232	2,628	2,956	3,208	3,210
Short-Term Debt	27	66	21	28	21	19	26	14	26	20	8.11
Accounts Payable	590	472	488	559	600	623	652	758	716	647	679
Accrued Expenses	217	172	196	199	192	208	277	239	275	378	353
Current Deferred Revenue	966	979	1,025	1,029	1,002	987	1,052	1,376	1,684	1,905	1,894
Other Current Liabilities	242	246	226	221	228	224	226	242	254	259	276
Total Noncurrent Liabilities	1,201	1,153	1,144	1,115	1,024	917	923	639	674	703	663
Long-Term Debt	934	914	906	877	780	658	656	392	393	393	391
Other Noncurrent Operating Liabilities	253	238	239	238	244	259	267	247	281	310	272
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,519	1,390	1,368	1,334	1,303	1,316	1,232	1,188	1,240	1,253	1,265
Total Preferred & Common Equity	1,537	1,404	1,368	1,332	1,307	1,310	1,214	1,160	1,185	1,192	1,214
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,537	1,404	1,368	1,332	1,307	1,310	1,214	1,160	1,185	1,192	1,214
Common Stock	1,191	1,194	1,196	1,197	1,198	1,200	1,201	1,195	1,198	1,201	1,190
Retained Earnings	397	255	218	181	149	150	49	-2.58	17	21	55
Accumulated Other Comprehensive Income / (Loss)	-52	-45	-45	-46	-40	-40	-36	-32	-30	-30	-31
Noncontrolling Interest	-17	-14	0.61	2.45	-3.80	6.16	18	27	55	62	51

This table displays calculated financial ratios and metrics derived from Tutor Perini's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.53%	1.07%	-4.34%	-6.36%	-0.09%	19.50%	-12.73%	-18.33%	2.36%	11.51%	28.11%
EBITDA Growth	-43.34%	76.49%	1.99%	-12.77%	-209.64%	234.84%	-6.59%	-137.89%	60.97%	42.32%	1,127.94%
EBIT Growth	-49.04%	75.57%	6.92%	-12.19%	-282.70%	169.90%	-8.66%	-186.55%	50.82%	13.88%	409.36%
NOPAT Growth	-53.54%	100.68%	38.83%	-21.46%	-280.60%	189.75%	-16.96%	-175.27%	44.03%	9.46%	323.45%
Net Income Growth	-58.04%	111.57%	61.28%	-36.73%	-468.40%	142.29%	-11.94%	-243.55%	33.74%	4.12%	216.95%
EPS Growth	-58.64%	110.99%	52.08%	-43.15%	-565.06%	127.46%	-15.57%	-328.49%	19.32%	5.15%	148.24%
Operating Cash Flow Growth	124.83%	705.40%	44.31%	-86.91%	537.93%	26.55%	-185.92%	239.42%	49.04%	63.24%	48.56%
Free Cash Flow Firm Growth	99.26%	12,690.95%	670.54%	-193.42%	113.20%	48.11%	-178.19%	234.62%	53.23%	68.00%	16.58%
Invested Capital Growth	3.20%	-0.03%	-38.98%	83.67%	-16.00%	2.30%	16.39%	-14.19%	-18.49%	-34.37%	-38.37%
Revenue Q/Q Growth	-0.02%	0.93%	-1.11%	-0.22%	-0.12%	3.34%	-6.31%	-3.32%	3.05%	1.08%	8.62%
EBITDA Q/Q Growth	-15.14%	24.91%	-0.84%	14.71%	-165.28%	78.47%	-4.18%	-445.67%	60.55%	-174.82%	83.48%
EBIT Q/Q Growth	-26.88%	17.16%	3.25%	18.30%	-102.83%	181.12%	-5.69%	-338.87%	44.49%	-328.20%	119.53%
NOPAT Q/Q Growth	-24.38%	29.03%	51.32%	-27.76%	-102.58%	16.59%	-3.53%	-300.72%	39.54%	-159.50%	167.56%
Net Income Q/Q Growth	-29.56%	29.01%	51.58%	-21.92%	-57.58%	406.25%	-3.47%	-202.26%	28.79%	-48.81%	340.59%
EPS Q/Q Growth	-30.00%	29.73%	50.52%	-26.55%	-53.78%	857.14%	-6.28%	-139.18%	21.24%	-24.21%	374.55%
Operating Cash Flow Q/Q Growth	-86.90%	29.43%	676.07%	-83.13%	-18.50%	10.66%	-33.97%	-18.98%	125.98%	66.94%	-17.25%
Free Cash Flow Firm Q/Q Growth	-101.39%	12.23%	8,201.48%	-1,542.22%	-29.20%	-20.13%	-51.63%	-14.45%	158.09%	63.49%	-27.68%
Invested Capital Q/Q Growth	0.16%	0.87%	-42.08%	0.49%	-3.24%	0.60%	2.33%	-1.02%	-8.28%	-26.26%	-8.72%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	7.24%	9.19%	9.55%	10.20%	5.43%	9.14%	10.05%	0.78%	3.62%	4.55%	11.68%
EBITDA Margin	3.31%	5.77%	6.16%	5.73%	-6.29%	7.10%	7.60%	-3.53%	-1.34%	-0.70%	5.58%
Operating Margin	2.14%	4.06%	3.77%	4.31%	-8.20%	4.93%	4.89%	-5.40%	-2.95%	-2.40%	4.18%
EBIT Margin	2.42%	4.20%	4.70%	4.40%	-8.05%	4.71%	4.93%	-5.22%	-2.51%	-1.94%	4.68%
Profit (Net Income) Margin	0.92%	1.93%	3.25%	2.20%	-8.09%	2.86%	2.89%	-5.08%	-3.29%	-2.83%	2.58%
Tax Burden Percent	61.34%	64.26%	100.37%	73.73%	84.59%	87.41%	83.96%	71.94%	69.90%	70.71%	69.96%
Interest Burden Percent	62.06%	71.38%	68.94%	67.61%	118.84%	69.58%	69.83%	135.17%	187.43%	206.27%	78.82%
Effective Tax Rate	38.66%	35.74%	-0.37%	26.27%	0.00%	12.59%	16.04%	0.00%	0.00%	0.00%	30.04%
Return on Invested Capital (ROIC)	3.10%	6.13%	10.57%	7.73%	-11.71%	11.38%	8.64%	-6.51%	-4.34%	-5.29%	18.45%
ROIC Less NNEP Spread (ROIC-NNEP)	0.30%	0.74%	6.47%	0.83%	-30.00%	-3.20%	-0.80%	-14.13%	-14.13%	-37.91%	24.25%
Return on Net Nonoperating Assets (RNNOA)	0.15%	0.31%	3.73%	0.44%	-10.67%	-1.14%	-0.30%	-5.86%	-5.02%	-4.73%	-6.63%
Return on Equity (ROE)	3.25%	6.45%	14.30%	8.16%	-22.39%	10.25%	8.34%	-12.36%	-9.36%	-10.02%	11.82%
Cash Return on Invested Capital (CROIC)	-0.05%	6.16%	58.99%	-51.27%	5.68%	9.11%	-6.51%	8.77%	16.03%	36.22%	65.93%
Operating Return on Assets (OROA)	3.12%	5.29%	6.48%	5.41%	-8.08%	5.26%	4.68%	-4.27%	-2.17%	-1.93%	5.52%
Return on Assets (ROA)	1.19%	2.43%	4.48%	2.70%	-8.12%	3.20%	2.75%	-4.16%	-2.84%	-2.82%	3.04%
Return on Common Equity (ROCE)	3.25%	6.45%	14.37%	8.27%	-22.60%	10.32%	8.32%	-12.32%	-9.41%	-9.95%	11.49%
Return on Equity Simple (ROE_SIMPLE)	3.19%	6.17%	25.00%	5.40%	-25.01%	9.80%	8.11%	-13.28%	-9.88%	-10.78%	0.00%
Net Operating Profit after Tax (NOPAT)	65	130	180	141	-256	229	190	-143	-80	-73	162
NOPAT Margin	1.31%	2.61%	3.79%	3.18%	-5.74%	4.31%	4.10%	-3.78%	-2.07%	-1.68%	2.93%
Net Nonoperating Expense Percent (NNEP)	2.80%	5.39%	4.11%	6.90%	18.29%	14.58%	9.44%	7.63%	9.79%	32.63%	-5.80%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-5.97%	-3.67%	-4.29%	9.72%
Cost of Revenue to Revenue	92.76%	90.81%	90.45%	89.80%	94.57%	90.86%	89.95%	99.22%	96.38%	95.45%	88.32%
SG&A Expenses to Revenue	5.10%	5.13%	5.78%	5.89%	5.10%	4.21%	5.16%	6.18%	6.58%	6.95%	7.50%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	5.10%	5.13%	5.78%	5.89%	13.63%	4.21%	5.16%	6.18%	6.58%	6.95%	7.50%
Earnings before Interest and Taxes (EBIT)	119	209	223	196	-358	250	229	-198	-97	-84	259
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	163	287	293	255	-280	378	353	-134	-52	-30	309
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.58	0.89	2.04	0.44	0.45	0.42	0.38	0.27	0.37	1.12	2.90
Price to Tangible Book Value (P/TBV)	1.11	1.57	2.04	0.70	0.60	0.54	0.46	0.33	0.47	1.47	3.72
Price to Revenue (P/Rev)	0.17	0.28	0.27	0.18	0.15	0.12	0.14	0.10	0.12	0.29	0.64
Price to Earnings (P/E)	18.14	14.38	8.50	9.58	0.00	6.07	6.87	0.00	0.00	0.00	43.94
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.09%
Earnings Yield	5.51%	6.96%	11.76%	10.44%	0.00%	16.47%	14.55%	0.00%	0.00%	0.00%	2.28%
Enterprise Value to Invested Capital (EV/IC)	0.72	0.92	0.97	0.57	0.60	0.56	0.57	0.48	0.51	1.12	4.45
Enterprise Value to Revenue (EV/Rev)	0.31	0.39	0.26	0.31	0.27	0.21	0.29	0.26	0.22	0.28	0.54
Enterprise Value to EBITDA (EV/EBITDA)	9.33	6.76	4.27	5.33	0.00	3.02	3.82	0.00	0.00	0.00	9.66
Enterprise Value to EBIT (EV/EBIT)	12.76	9.29	5.60	6.94	0.00	4.56	5.89	0.00	0.00	0.00	11.51
Enterprise Value to NOPAT (EV/NOPAT)	23.47	14.96	6.95	9.62	0.00	4.98	7.08	0.00	0.00	0.00	18.41
Enterprise Value to Operating Cash Flow (EV/OCF)	107.86	17.12	7.65	63.60	8.78	6.61	0.00	4.71	2.72	2.43	3.99
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	14.88	1.25	0.00	9.67	6.22	0.00	5.04	2.84	2.46	5.15
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.58	0.49	0.00	0.43	0.58	0.66	0.59	0.66	0.70	0.46	0.32
Long-Term Debt to Equity	0.51	0.43	0.00	0.42	0.50	0.60	0.58	0.62	0.61	0.44	0.31
Financial Leverage	0.50	0.42	0.58	0.53	0.36	0.36	0.37	0.41	0.36	0.12	-0.27
Leverage Ratio	2.74	2.66	3.19	3.02	2.76	3.21	3.04	2.97	3.29	3.55	3.88
Compound Leverage Factor	1.70	1.90	2.20	2.04	3.28	2.23	2.12	4.02	6.17	7.32	3.06
Debt to Total Capital	36.54%	32.84%	0.00%	29.87%	36.84%	39.93%	37.25%	39.93%	41.20%	31.55%	24.39%
Short-Term Debt to Total Capital	3.97%	3.71%	0.00%	0.66%	5.48%	3.90%	0.92%	2.93%	5.38%	1.42%	0.87%
Long-Term Debt to Total Capital	32.56%	29.13%	0.00%	29.21%	31.37%	36.03%	36.34%	37.00%	35.83%	30.13%	23.52%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	-1.68%	-0.84%	-0.42%	-0.42%	0.70%	-0.32%	-0.35%	1.41%	2.64%
Common Equity to Total Capital	63.46%	67.16%	101.68%	70.97%	63.58%	60.50%	62.04%	60.39%	59.15%	67.03%	72.97%
Debt to EBITDA	5.03	2.64	0.00	2.98	-2.98	2.72	2.82	-7.17	-17.25	-17.75	1.32
Net Debt to EBITDA	4.28	1.96	0.00	2.28	-2.00	1.31	1.98	-4.44	-7.18	2.33	-1.91
Long-Term Debt to EBITDA	4.48	2.35	0.00	2.92	-2.54	2.45	2.75	-6.64	-15.00	-16.95	1.27
Debt to NOPAT	12.65	5.85	0.00	5.38	-3.27	4.47	5.22	-6.69	-11.22	-7.35	2.51
Net Debt to NOPAT	10.77	4.34	0.00	4.12	-2.20	2.16	3.67	-4.14	-4.67	0.96	-3.65
Long-Term Debt to NOPAT	11.27	5.19	0.00	5.26	-2.78	4.04	5.09	-6.20	-9.75	-7.02	2.42
Altman Z-Score	2.08	2.29	3.30	2.00	1.33	1.88	1.95	1.31	1.31	1.46	2.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	-0.47%	-1.31%	-0.96%	-0.69%	0.25%	0.36%	-0.57%	0.66%	2.80%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.80	1.87	1.96	1.99	1.66	1.80	2.17	1.87	1.66	1.41	1.27
Quick Ratio	1.69	1.24	0.87	0.86	0.73	0.79	0.93	0.73	0.68	0.62	0.60
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1.04	130	1,005	-939	124	184	-144	193	296	497	580
Operating Cash Flow to CapEx	45.49%	818.67%	593.95%	30.28%	190.64%	429.45%	-473.55%	404.39%	719.20%	1,541.92%	434.97%
Free Cash Flow to Firm to Interest Expense	-0.02	2.18	14.48	-14.78	1.84	2.41	-2.08	2.78	3.48	5.58	10.55
Operating Cash Flow to Interest Expense	0.31	1.90	2.36	0.34	2.02	2.27	-2.15	2.97	3.62	5.65	13.61
Operating Cash Flow Less CapEx to Interest Expense	-0.37	1.66	1.96	-0.78	0.96	1.74	-2.60	2.24	3.12	5.28	10.48
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.29	1.26	1.38	1.23	1.00	1.12	0.95	0.82	0.86	1.00	1.18
Accounts Receivable Turnover	2.15	2.41	3.16	3.53	3.40	3.84	3.24	2.89	3.49	4.24	5.03
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	9.36	9.93	0.00	0.00	8.90	10.65	10.10	8.77	8.86	10.01	11.42
Accounts Payable Turnover	5.26	4.68	5.08	6.05	6.45	6.54	6.39	7.47	7.78	7.52	7.22
Days Sales Outstanding (DSO)	170.05	151.27	115.43	103.52	107.25	95.03	112.81	126.40	104.65	86.08	72.61
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	69.40	78.06	71.85	60.30	56.56	55.79	57.11	48.88	46.94	48.52	50.57
Cash Conversion Cycle (CCC)	100.65	73.21	43.59	43.22	50.69	39.24	55.70	77.51	57.71	37.56	22.05
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,117	2,116	1,291	2,371	1,992	2,038	2,372	2,035	1,659	1,089	671
Invested Capital Turnover	2.36	2.35	2.79	2.43	2.04	2.64	2.11	1.72	2.10	3.15	6.30
Increase / (Decrease) in Invested Capital	66	-0.67	-825	1,080	-379	46	334	-337	-376	-570	-418
Enterprise Value (EV)	1,518	1,941	1,252	1,361	1,198	1,142	1,348	974	841	1,223	2,987
Market Capitalization	821	1,378	1,262	799	647	658	632	389	473	1,269	3,535
Book Value per Share	$28.94	$31.56	$12.42	$36.16	$28.64	$30.57	$32.40	$28.16	$24.83	$21.64	$23.11
Tangible Book Value per Share	$15.05	$17.78	$12.42	$22.75	$21.47	$24.11	$26.72	$22.80	$19.57	$16.47	$18.01
Total Capital	2,238	2,313	608	2,549	2,265	2,568	2,667	2,400	2,184	1,693	1,670
Total Debt	818	760	0.00	762	834	1,025	994	958	900	534	407
Total Long-Term Debt	729	674	0.00	745	710	925	969	888	782	510	393
Net Debt	696	563	0.00	583	561	495	698	593	375	-70	-592
Capital Expenditures (CapEx)	31	14	28	71	72	40	31	51	43	33	172
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,128	1,208	1,398	1,416	1,252	1,386	1,814	1,416	989	374	-107
Debt-free Net Working Capital (DFNWC)	1,249	1,405	1,398	1,594	1,525	1,916	2,110	1,782	1,514	978	892
Net Working Capital (NWC)	1,160	1,319	1,398	1,578	1,401	1,816	2,085	1,711	1,396	954	877
Net Nonoperating Expense (NNE)	19	34	26	44	105	77	56	49	47	50	19
Net Nonoperating Obligations (NNO)	696	563	683	583	561	495	698	593	375	-70	-592
Total Depreciation and Amortization (D&A)	44	78	70	59	78	127	124	64	45	54	50
Debt-free, Cash-free Net Working Capital to Revenue	22.92%	24.29%	29.39%	31.80%	28.13%	26.05%	39.08%	37.36%	25.48%	8.64%	-1.93%
Debt-free Net Working Capital to Revenue	25.38%	28.25%	29.39%	35.79%	34.27%	36.03%	45.45%	47.00%	39.01%	22.60%	16.09%
Net Working Capital to Revenue	23.58%	26.52%	29.39%	35.42%	31.48%	34.15%	44.93%	45.14%	35.99%	22.05%	15.83%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.92	$1.95	$2.99	$1.67	($7.72)	$2.14	$1.80	($4.09)	($3.30)	($3.13)	$1.53
Adjusted Weighted Average Basic Shares Outstanding	48.98M	49.15M	49.65M	49.95M	50.22M	50.66M	51.02M	51.32M	51.85M	52.32M	52.69M
Adjusted Diluted Earnings per Share	$0.91	$1.92	$2.92	$1.66	($7.72)	$2.12	$1.79	($4.09)	($3.30)	($3.13)	$1.51
Adjusted Weighted Average Diluted Shares Outstanding	49.67M	49.86M	50.76M	50.30M	50.22M	51.08M	51.37M	51.32M	51.85M	52.32M	53.41M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	49.07M	49.22M	49.79M	50.10M	50.30M	50.91M	51.10M	51.52M	52.03M	52.49M	52.79M
Normalized Net Operating Profit after Tax (NOPAT)	65	130	126	141	10	229	190	-143	-80	-73	162
Normalized NOPAT Margin	1.31%	2.61%	2.64%	3.18%	0.23%	4.31%	4.10%	-3.78%	-2.07%	-1.68%	2.93%
Pre Tax Income Margin	1.50%	3.00%	3.24%	2.98%	-9.57%	3.28%	3.44%	-7.06%	-4.70%	-4.00%	3.69%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.64	3.49	3.22	3.09	-5.31	3.29	3.31	-2.84	-1.14	-0.94	4.72
NOPAT to Interest Expense	1.43	2.17	2.60	2.23	-3.79	3.01	2.76	-2.06	-0.94	-0.81	2.95
EBIT Less CapEx to Interest Expense	1.95	3.26	2.82	1.98	-6.37	2.76	2.86	-3.58	-1.65	-1.31	1.59
NOPAT Less CapEx to Interest Expense	0.75	1.94	2.20	1.11	-4.85	2.48	2.30	-2.79	-1.45	-1.18	-0.18
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	11.32%	45.97%	-12.91%	31.82%	16.89%	-24.61%	-36.44%	-19.05%	38.31%
Augmented Payout Ratio	0.00%	0.00%	11.32%	45.97%	-12.91%	31.82%	16.89%	-24.61%	-36.44%	-19.05%	38.31%

This table displays calculated financial ratios and metrics derived from Tutor Perini's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	52,791,451.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	52,791,451.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.49
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.95%	12.66%	35.13%	10.35%	2.08%	4.52%	18.84%	21.84%	30.71%	41.19%	11.46%
EBITDA Growth	-83.63%	94.93%	208.41%	295.80%	-5,541.79%	-1,449.96%	21.99%	58.34%	167.29%	203.01%	-1.46%
EBIT Growth	-47.79%	81.51%	171.65%	750.73%	-965.94%	-362.88%	29.37%	78.36%	146.47%	172.28%	-0.15%
NOPAT Growth	-82.33%	76.93%	167.22%	1,564.02%	-749.97%	-283.75%	30.11%	87.38%	129.73%	162.34%	-17.49%
Net Income Growth	-7.30%	58.85%	156.21%	195.26%	-246.94%	-111.23%	55.44%	194.86%	121.04%	145.14%	-7.53%
EPS Growth	-12.70%	49.17%	131.58%	102.78%	-170.42%	-66.30%	76.67%	1,800.00%	103.65%	134.64%	-9.43%
Operating Cash Flow Growth	42.13%	388.13%	360.77%	-5.65%	-78.13%	158.17%	-76.74%	393.82%	1,181.74%	-47.31%	542.36%
Free Cash Flow Firm Growth	-7.09%	34.36%	102.28%	71.29%	7.92%	41.36%	22.29%	81.96%	196.48%	-10.68%	17.79%
Invested Capital Growth	-12.03%	-18.49%	-19.13%	-17.88%	-18.37%	-34.37%	-28.74%	-39.53%	-50.21%	-38.37%	-49.05%
Revenue Q/Q Growth	3.81%	-3.70%	2.69%	7.48%	-3.96%	-1.40%	16.76%	10.19%	3.03%	6.50%	-7.82%
EBITDA Q/Q Growth	-88.96%	-374.02%	3,564.86%	-15.79%	-251.73%	21.95%	219.15%	15.68%	-37.44%	19.48%	13.97%
EBIT Q/Q Growth	-276.26%	-84.56%	405.47%	-14.39%	-320.85%	19.86%	185.38%	18.03%	-42.46%	24.66%	17.94%
NOPAT Q/Q Growth	-626.21%	-78.85%	345.11%	-27.86%	-368.79%	19.25%	183.10%	3.89%	-57.36%	69.35%	9.99%
Net Income Q/Q Growth	-54.06%	-39.70%	176.23%	-41.94%	-661.10%	14.95%	156.10%	10.15%	-59.97%	82.50%	14.91%
EPS Q/Q Growth	1.39%	-29.58%	132.61%	-93.33%	-9,700.00%	20.31%	134.64%	-28.30%	-81.58%	657.14%	-9.43%
Operating Cash Flow Q/Q Growth	83.16%	23.75%	-23.02%	-45.93%	-57.55%	1,361.07%	-93.06%	1,047.76%	10.18%	-39.93%	-15.44%
Free Cash Flow Firm Q/Q Growth	9.98%	51.13%	15.70%	-10.92%	-30.71%	97.95%	0.09%	32.54%	12.90%	-40.36%	31.99%
Invested Capital Q/Q Growth	-5.94%	-8.28%	-3.49%	-1.37%	-6.50%	-26.26%	4.80%	-16.31%	-23.02%	-8.72%	-13.37%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	4.80%	4.79%	10.99%	10.38%	-2.39%	-0.89%	10.78%	14.27%	11.97%	9.80%	11.13%
EBITDA Margin	0.15%	-0.44%	6.63%	5.19%	-8.20%	-6.49%	6.62%	6.95%	4.22%	4.74%	5.86%
Operating Margin	-1.18%	-2.20%	4.65%	3.59%	-9.86%	-8.08%	5.24%	5.56%	2.83%	3.32%	4.26%
EBIT Margin	-0.91%	-1.73%	5.16%	4.11%	-9.45%	-7.68%	5.62%	6.02%	3.36%	3.93%	5.03%
Profit (Net Income) Margin	-2.43%	-3.53%	2.62%	1.42%	-8.27%	-7.14%	3.43%	3.43%	1.33%	2.28%	2.84%
Tax Burden Percent	86.34%	92.43%	79.01%	68.69%	72.53%	70.88%	76.80%	68.20%	55.43%	75.11%	69.95%
Interest Burden Percent	311.62%	220.32%	64.32%	50.18%	120.74%	131.12%	79.50%	83.56%	71.51%	77.27%	80.84%
Effective Tax Rate	0.00%	0.00%	20.99%	31.31%	0.00%	0.00%	23.20%	31.80%	44.57%	24.89%	30.05%
Return on Invested Capital (ROIC)	-1.62%	-3.24%	8.53%	6.00%	-18.00%	-17.81%	13.28%	14.29%	7.25%	15.73%	19.67%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.98%	-7.44%	6.04%	3.10%	-22.12%	-28.21%	7.37%	59.51%	9.71%	16.71%	20.19%
Return on Net Nonoperating Assets (RNNOA)	-1.77%	-2.64%	1.99%	0.94%	-6.20%	-3.52%	0.74%	-0.52%	-1.07%	-4.57%	-6.01%
Return on Equity (ROE)	-3.38%	-5.88%	10.52%	6.95%	-24.20%	-21.33%	14.03%	13.77%	6.18%	11.16%	13.66%
Cash Return on Invested Capital (CROIC)	5.94%	16.03%	21.78%	21.81%	18.53%	36.22%	29.10%	46.43%	72.53%	65.93%	82.86%
Operating Return on Assets (OROA)	-0.74%	-1.50%	4.84%	3.99%	-9.12%	-7.66%	5.76%	6.26%	3.59%	4.64%	5.96%
Return on Assets (ROA)	-1.98%	-3.05%	2.46%	1.38%	-7.99%	-7.12%	3.52%	3.57%	1.42%	2.69%	3.37%
Return on Common Equity (ROCE)	-3.40%	-5.91%	10.59%	6.93%	-24.00%	-21.19%	13.89%	13.44%	5.98%	10.85%	13.23%
Return on Equity Simple (ROE_SIMPLE)	-13.46%	0.00%	-3.91%	-1.41%	-6.77%	0.00%	-9.23%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-8.80	-16	39	28	-75	-60	50	52	22	38	41
NOPAT Margin	-0.83%	-1.54%	3.68%	2.47%	-6.90%	-5.65%	4.02%	3.79%	1.57%	2.50%	2.98%
Net Nonoperating Expense Percent (NNEP)	3.37%	4.20%	2.49%	2.90%	4.13%	10.39%	5.92%	-45.22%	-2.47%	-0.98%	-0.51%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.72%	-	-	-	-3.57%	3.15%	3.14%	1.33%	2.25%	2.49%
Cost of Revenue to Revenue	95.20%	95.21%	89.01%	89.62%	102.39%	100.89%	89.22%	85.73%	88.03%	90.20%	88.87%
SG&A Expenses to Revenue	5.98%	6.99%	6.33%	6.79%	7.48%	7.19%	5.54%	8.70%	9.14%	6.48%	6.87%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	5.98%	6.99%	6.33%	6.79%	7.48%	7.19%	5.54%	8.70%	9.14%	6.48%	6.87%
Earnings before Interest and Taxes (EBIT)	-9.60	-18	54	46	-102	-82	70	83	48	59	70
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.63	-4.47	70	59	-89	-69	83	96	60	71	81
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.31	0.37	0.58	0.87	1.17	1.12	1.05	2.08	2.90	2.90	3.36
Price to Tangible Book Value (P/TBV)	0.38	0.47	0.73	1.10	1.51	1.47	1.37	2.69	3.75	3.72	4.31
Price to Revenue (P/Rev)	0.11	0.12	0.18	0.27	0.33	0.29	0.27	0.52	0.68	0.64	0.72
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	43.94	52.15
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.09%	0.16%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.28%	1.92%
Enterprise Value to Invested Capital (EV/IC)	0.49	0.51	0.65	0.89	1.14	1.12	1.05	2.34	4.09	4.45	5.92
Enterprise Value to Revenue (EV/Rev)	0.23	0.22	0.25	0.33	0.39	0.28	0.26	0.47	0.59	0.54	0.61
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	12.04	10.77	41.92	0.00	0.00	111.76	17.81	9.66	11.17
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	32.44	19.25	0.00	0.00	0.00	0.00	25.41	11.51	13.27
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	92.51	37.06	0.00	0.00	0.00	0.00	49.51	18.41	22.38
Enterprise Value to Operating Cash Flow (EV/OCF)	6.48	2.72	2.71	3.68	5.59	2.43	2.80	3.51	3.32	3.99	3.95
Enterprise Value to Free Cash Flow (EV/FCFF)	7.70	2.84	2.68	3.69	5.54	2.46	3.00	3.80	3.74	5.15	4.82
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.68	0.70	0.61	0.51	0.55	0.46	0.34	0.34	0.33	0.32	0.32
Long-Term Debt to Equity	0.66	0.61	0.60	0.50	0.53	0.44	0.33	0.32	0.31	0.31	0.31
Financial Leverage	0.35	0.36	0.33	0.30	0.28	0.12	0.10	-0.01	-0.11	-0.27	-0.30
Leverage Ratio	3.24	3.29	3.29	3.26	3.46	3.55	3.54	3.59	3.84	3.88	3.91
Compound Leverage Factor	10.10	7.25	2.11	1.64	4.18	4.66	2.82	3.00	2.75	3.00	3.16
Debt to Total Capital	40.42%	41.20%	38.07%	33.95%	35.62%	31.55%	25.46%	25.28%	24.79%	24.39%	23.97%
Short-Term Debt to Total Capital	1.25%	5.38%	1.00%	0.93%	1.34%	1.42%	0.87%	1.57%	1.20%	0.87%	0.49%
Long-Term Debt to Total Capital	39.16%	35.83%	37.07%	33.01%	34.27%	30.13%	24.59%	23.70%	23.58%	23.52%	23.49%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.11%	-0.35%	-0.18%	0.31%	0.95%	1.41%	1.72%	3.29%	3.71%	2.64%	3.06%
Common Equity to Total Capital	59.47%	59.15%	62.11%	65.74%	63.43%	67.03%	72.82%	71.43%	71.51%	72.97%	72.97%
Debt to EBITDA	-6.84	-17.25	9.22	5.18	16.95	-17.75	-26.68	20.97	2.45	1.32	1.29
Net Debt to EBITDA	-3.59	-7.18	3.42	2.01	6.08	2.33	3.08	-14.25	-3.08	-1.91	-2.22
Long-Term Debt to EBITDA	-6.63	-15.00	8.98	5.03	16.31	-16.95	-25.77	19.67	2.33	1.27	1.27
Debt to NOPAT	-6.82	-11.22	70.85	17.81	-24.35	-7.35	-6.64	-11.68	6.81	2.51	2.59
Net Debt to NOPAT	-3.58	-4.67	26.32	6.92	-8.74	0.96	0.77	7.94	-8.55	-3.65	-4.45
Long-Term Debt to NOPAT	-6.61	-9.75	68.98	17.32	-23.43	-7.02	-6.42	-10.95	6.48	2.42	2.54
Altman Z-Score	1.38	1.37	1.58	1.68	1.52	1.46	1.52	1.68	1.78	1.87	2.01
Noncontrolling Interest Sharing Ratio	-0.52%	-0.57%	-0.65%	0.25%	0.80%	0.66%	0.95%	2.38%	3.22%	2.80%	3.19%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.75	1.66	1.70	1.65	1.55	1.41	1.33	1.32	1.30	1.27	1.28
Quick Ratio	0.71	0.68	0.69	0.66	0.72	0.62	0.60	0.63	0.62	0.60	0.60
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	239	361	417	372	258	510	510	676	763	455	601
Operating Cash Flow to CapEx	811.08%	2,024.10%	1,002.18%	525.50%	417.18%	4,495.01%	77.22%	1,136.13%	601.67%	243.85%	952.91%
Free Cash Flow to Firm to Interest Expense	11.75	16.92	21.61	16.10	12.13	19.98	35.55	49.77	56.35	33.79	44.86
Operating Cash Flow to Interest Expense	5.08	5.99	5.09	2.30	1.06	12.91	1.59	19.31	21.34	12.89	10.96
Operating Cash Flow Less CapEx to Interest Expense	4.45	5.69	4.58	1.86	0.81	12.63	-0.47	17.61	17.79	7.60	9.81
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.81	0.86	0.94	0.97	0.97	1.00	1.03	1.04	1.07	1.18	1.19
Accounts Receivable Turnover	3.12	3.49	3.78	3.68	3.46	4.24	3.84	3.93	3.91	5.03	4.67
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	8.58	8.86	9.44	9.69	9.79	10.01	10.29	10.73	11.12	11.42	11.42
Accounts Payable Turnover	6.46	7.78	7.22	7.07	6.65	7.52	6.35	6.68	7.10	7.22	6.99
Days Sales Outstanding (DSO)	117.00	104.65	96.58	99.16	105.38	86.08	95.01	92.77	93.36	72.61	78.19
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	56.49	46.94	50.52	51.62	54.88	48.52	57.52	54.61	51.38	50.57	52.25
Cash Conversion Cycle (CCC)	60.51	57.71	46.06	47.55	50.49	37.56	37.49	38.16	41.98	22.05	25.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,809	1,659	1,601	1,579	1,476	1,089	1,141	955	735	671	581
Invested Capital Turnover	1.95	2.10	2.32	2.43	2.61	3.15	3.30	3.77	4.62	6.30	6.60
Increase / (Decrease) in Invested Capital	-247	-376	-379	-344	-332	-570	-460	-624	-741	-418	-560
Enterprise Value (EV)	884	841	1,046	1,408	1,686	1,223	1,197	2,235	3,003	2,987	3,442
Market Capitalization	407	473	752	1,139	1,423	1,269	1,217	2,465	3,459	3,535	4,075
Book Value per Share	$25.62	$24.83	$25.09	$25.05	$23.16	$21.64	$22.11	$22.49	$22.59	$23.11	$23.00
Tangible Book Value per Share	$20.35	$19.57	$19.85	$19.85	$17.98	$16.47	$16.95	$17.36	$17.48	$18.01	$17.91
Total Capital	2,239	2,184	2,104	1,993	1,913	1,693	1,593	1,659	1,666	1,670	1,664
Total Debt	905	900	801	676	681	534	406	419	413	407	399
Total Long-Term Debt	877	782	780	658	656	510	392	393	393	393	391
Net Debt	475	375	298	263	245	-70	-47	-285	-518	-592	-684
Capital Expenditures (CapEx)	13	6.31	9.81	10	5.41	7.33	30	23	48	71	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,130	989	941	941	808	374	422	264	53	-107	-185
Debt-free Net Working Capital (DFNWC)	1,560	1,514	1,445	1,354	1,245	978	875	968	984	892	898
Net Working Capital (NWC)	1,532	1,396	1,424	1,336	1,220	954	861	942	964	877	889
Net Nonoperating Expense (NNE)	17	20	11	12	15	16	7.42	5.04	3.38	3.24	1.87
Net Nonoperating Obligations (NNO)	475	375	298	263	245	-70	-47	-285	-518	-592	-684
Total Depreciation and Amortization (D&A)	11	13	15	12	14	13	13	13	12	12	11
Debt-free, Cash-free Net Working Capital to Revenue	30.01%	25.48%	22.66%	22.08%	18.89%	8.64%	9.34%	5.53%	1.03%	-1.93%	-3.26%
Debt-free Net Working Capital to Revenue	41.43%	39.01%	34.79%	31.80%	29.09%	22.60%	19.33%	20.30%	19.28%	16.09%	15.79%
Net Working Capital to Revenue	40.69%	35.99%	34.28%	31.36%	28.49%	22.05%	19.03%	19.75%	18.89%	15.83%	15.64%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.71)	($0.92)	$0.30	$0.02	($1.92)	($1.53)	$0.53	$0.38	$0.07	$0.55	$0.49
Adjusted Weighted Average Basic Shares Outstanding	51.99M	51.85M	52.09M	52.33M	52.41M	52.32M	52.54M	52.72M	52.74M	52.69M	52.74M
Adjusted Diluted Earnings per Share	($0.71)	($0.92)	$0.30	$0.02	($1.92)	($1.53)	$0.53	$0.38	$0.07	$0.53	$0.48
Adjusted Weighted Average Diluted Shares Outstanding	51.99M	51.85M	52.52M	52.85M	52.41M	52.32M	53.01M	53.19M	53.66M	53.41M	53.75M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	52.02M	52.03M	52.28M	52.39M	52.43M	52.49M	52.70M	52.74M	52.74M	52.79M	52.61M
Normalized Net Operating Profit after Tax (NOPAT)	-8.80	-16	39	28	-75	-60	50	52	22	38	41
Normalized NOPAT Margin	-0.83%	-1.54%	3.68%	2.47%	-6.90%	-5.65%	4.02%	3.79%	1.57%	2.50%	2.98%
Pre Tax Income Margin	-2.82%	-3.82%	3.32%	2.06%	-11.41%	-10.07%	4.46%	5.03%	2.40%	3.04%	4.07%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.47	-0.83	2.80	2.01	-4.82	-3.21	4.88	6.08	3.51	4.40	5.22
NOPAT to Interest Expense	-0.43	-0.74	2.00	1.21	-3.52	-2.37	3.50	3.84	1.64	2.79	3.09
EBIT Less CapEx to Interest Expense	-1.10	-1.13	2.30	1.57	-5.08	-3.50	2.82	4.38	-0.04	-0.89	4.07
NOPAT Less CapEx to Interest Expense	-1.06	-1.03	1.49	0.77	-3.78	-2.65	1.43	2.14	-1.91	-2.49	1.94
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-15.28%	-36.44%	-88.73%	-236.80%	-39.41%	-19.05%	-25.82%	-41.20%	119.48%	38.31%	41.37%
Augmented Payout Ratio	-15.28%	-36.44%	-88.73%	-236.80%	-39.41%	-19.05%	-25.82%	-41.20%	119.48%	38.31%	41.37%

Financials Breakdown Chart

Key Financial Trends

Here are key takeaways from Tutor Perini's (NYSE: TPC) quarterly statements over the last four years, focused on what may matter to retail investors. Numbers are shown in U.S. dollars.

Revenue momentum in late 2025: Q4 2025 operating revenue rose to about $1.507B, contributing to a clear up‑tune in the year’s top line after weaker periods in 2023–2024.
Improved gross margin in Q4 2025: Total gross profit was about $147.7M on roughly $1.51B in revenue, yielding an estimated gross margin near 9.8% for the quarter, a strong rebound from negative margins in parts of 2024.
Profitability turning positive at a quarterly level: Q4 2025 net income attributable to common shareholders was about $28.84M, with basic EPS of $0.55 and diluted EPS of $0.53, marking a return to quarterly profitability.
Solid operating cash flow in 2025: Operating cash flow remained positive in the back half of 2025, with net cash from continuing operating activities of about $283.6M (Q3) and $179.2M (Q4), and net cash from operating activities around $289.1M (Q3) and $173.7M (Q4).
Strong per‑share metrics in Q4 2025: Basic EPS of $0.55 and diluted EPS of $0.53 in Q4 2025 reflect improving profitability on a per‑share basis.
Multi‑year revenue growth trend: Revenue rose from about $0.91B in 2022 to about $1.51B in 2025 (Q4), a roughly 66% increase over the period, indicating notable top‑line expansion.
Robust liquidity indicators: Cash and cash equivalents were around $696M with restricted cash of about $236M in 2025, providing a sizable liquidity cushion to support operations and backlog activity.
Balanced balance sheet backdrop: Total assets climbed to around $5.16B by 2025 (Q3), with total equity near $1.19B, suggesting a growing but stable capital base.
Debt levels appear manageable: Long‑term debt around $393M and short‑term debt in the $20–40M range (varies by quarter) indicate a modest debt load relative to current cash flow generation.
Historical profitability volatility remains a risk: The company posted notable net losses in several years (e.g., 2023–2024 quarters), with progress in 2025 continuing but profitability remains uneven across periods.
Investing cash outflows persist: Net cash from investing activities was negative in recent quarters (e.g., about −$126.4M in Q4 2025), reflecting ongoing capital expenditure and backlog funding that can pressure near‑term liquidity if not offset by cash flow gains.

05/12/26 03:02 PM ETAI Generated. May Contain Errors.

Tutor Perini Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Tutor Perini's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Tutor Perini's net income appears to be on a downward trend, with a most recent value of $143.08 million in 2025, rising from $45.29 million in 2015. The previous period was -$122.34 million in 2024. See Tutor Perini's forecast for analyst expectations on what's next for the company.

Tutor Perini's total operating income in 2025 was $231.96 million, based on the following breakdown:

Total Gross Profit: $647.52 million
Total Operating Expenses: $415.55 million

Over the last 10 years, Tutor Perini's total revenue changed from $4.92 billion in 2015 to $5.54 billion in 2025, a change of 12.7%.

Tutor Perini's total liabilities were at $3.90 billion at the end of 2025, a 26.4% increase from 2024, and a 59.7% increase since 2015.

In the past 10 years, Tutor Perini's cash and equivalents has ranged from $75.45 million in 2015 to $734.55 million in 2025, and is currently $734.55 million as of their latest financial filing in 2025.

Over the last 10 years, Tutor Perini's book value per share changed from 28.94 in 2015 to 23.11 in 2025, a change of -20.2%.

Related Companies

Financial statements for NYSE:TPC last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Tutor Perini (TPC) Financials

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Tutor Perini (TPC) Financials

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How has Tutor Perini's revenue changed over the last 10 years?

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