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Large US construction contractor building civil infrastructure, transportation projects and commercial buildings.
Large US construction contractor building civil infrastructure, transportation projects and commercial buildings.
Wins work through competitive bids and books revenue as projects progress, so results hinge on how well it prices fixed-price jobs and how long disputes over cost overruns and change orders take to settle. Public transit and other civil work and large private buildings, such as hotels and casinos, make up much of the order book.
Moat: none (scale). Large project scale and bonding capacity, but construction is a low-margin, bid-competitive business.
Headquarters: Sylmar, California, US · Founded: 1894 · Employees: 7,400
Size Tutor Perini (TPC) is a United States Industrials company (Engineering & Construction) with a market value of $4.73B, the 1221st largest of 3,117 United States companies the cockpit tracks. Shares closed at $89.89 on 6 Nov 2026.
Performance Over six months the shares gained 8.5%, against -10.8% for the median peer and -1.1% for the United States market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 24.7% over the last twelve months (peer median +11.6%); the operating margin is 4.5% (peer median 7.7%).
Valuation It trades at 18.8× forward earnings against a peer median of 17.0× (8th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +9 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 17.7 points above its cost of capital (14.6% WACC).
Short interest Short interest is 3.6% of the free float (15 Oct 2026).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $5.95B | $5.54B | $4.33B | $3.88B | $3.79B |
| Revenue growth | — | +28% | +12% | +2% | — |
| Gross profit | $683M | $648M | $197M | $141M | $29.6M |
| EBITDA | $313M | $282M | -$50.0M | -$69.4M | -$140M |
| Net income | $124M | $80.4M | -$164M | -$171M | -$210M |
| Free cash flow | $621M | $567M | $466M | $256M | $147M |
| Capital expenditure | $176M | $181M | $37.4M | $53.0M | $59.8M |
| Total debt | $465M | $471M | $580M | $954M | $1.01B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Tutor Perini TPC | $4.73B | +8% | +25% | 4% | 18.8× | 9.6% |
| Fluor FLR | $6.22B | +7% | -5% | -2% | 14.2× | n/a |
| Granite Construction GVA | $5.32B | -15% | +25% | 7% | 16.7× | 10.1% |
| Aecom ACM | $8.59B | -17% | -4% | 5% | 11.0× | 7.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TPC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.7% | -1.5% | 5th highest of 21 |
| 6-month return | +8.5% | -10.8% | 5th highest of 21 |
| Distance from 52-week high | -12.1% | -28.6% | 5th highest of 21 |
| Revenue growth (TTM) | +24.7% | +11.6% | 6th highest of 20 |
| Operating margin | 4.5% | 7.7% | 5th lowest of 21 |
| Forward P/E | 18.8× | 17.0× | 8th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 9.6% | 4.0% | 6th most demanding of 15 |
| Growth delivered (Del g) | +0.8% | +8.1% | 2nd lowest of 14 |
| Hurdle (Req g minus delivered) | +8.7 pp | -4.3 pp | 2nd most demanding of 14 |
| ROIC minus cost of capital | +17.7 pp | +3.2 pp | 2nd highest of 18 |
| EV / EBITDA | 12.9× | 11.3× | 4th most expensive of 15 |
| Net debt / EBITDA | -2.4× | 0.8× | 3rd least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tutor Perini TPC | United States | $4.73B | +8% | +25% | 4% | 18.8× | 9.6% | +0.8% |
| MAIRE MAIRE.MI | Italy | $4.81B | -12% | +7% | 7% | 14.7× | 2.9% | +22.1% |
| Budimex BDX.WA | Poland | $4.82B | +10% | +12% | 9% | 26.5× | 15.7% | +4.1% |
| VSE VSEC | United States | $4.85B | -10% | +23% | 12% | 22.1× | n/a | n/a |
| INFRONEER 5076.T | Japan | $4.44B | +2% | +44% | 6% | 6.2× | 0.0% | +10.7% |
| Central New Energy 1735.HK | Hong Kong | $4.42B | -11% | +76% | 1% | 63.1× | n/a | n/a |
| Arcadis ARCAD.AS | Netherlands | $4.42B | +31% | -1% | 6% | 15.0× | 5.5% | +8.1% |
| Construction Partners ROAD | United States | $4.38B | -45% | +42% | 9% | 26.5× | 12.5% | +29.1% |
| United Integrated Services 2404.TW | Taiwan | $5.11B | -9% | +72% | 18% | 9.7× | -11.4% | +13.0% |
| CTF Services 0659.HK | Hong Kong | $5.13B | +2% | +12% | 11% | 13.8× | 1.7% | -0.8% |
| SOLV Energy MWH | United States | $5.19B | -40% | n/a | 8% | 14.9× | 26.2% | n/a |
| Rail Vikas Nigam RVNL.NS | India | $4.27B | -37% | +5% | 4% | 46.0× | n/a | n/a |
| Kandenko 1942.T | Japan | $5.26B | -41% | +4% | 12% | 11.2× | -0.9% | +5.9% |
| Offshore Oil Engineering 600583.SS | China | $4.22B | -6% | +7% | 8% | 12.1× | n/a | n/a |
| China Nuclear Engineering and Construction 601611.SS | China | $4.22B | -29% | -14% | 4% | 26.9× | n/a | n/a |
| Sweco SWEC-A.ST | Sweden | $5.32B | +12% | +6% | 10% | 20.6× | 5.0% | +8.7% |
| Granite Construction GVA | United States | $5.32B | -15% | +25% | 7% | 16.7× | 10.1% | +7.2% |
| Balfour Beatty BBY.L | United Kingdom | $5.34B | +1% | +12% | 2% | 17.2× | 1.0% | +5.3% |
| MYR MYRG | United States | $4.09B | -40% | +23% | 6% | 18.1× | 14.0% | +10.2% |
| Kinden 1944.T | Japan | $5.56B | -36% | +8% | 13% | 11.6× | -0.9% | +6.2% |
| Guangdong Provincial Expressway Development 000429.SZ | China | $4.01B | +9% | +1% | 58% | 18.2× | n/a | n/a |