10-K · February 26, 2026
Tutor Perini Corporation reported strong growth in 2025, achieving consolidated revenue of $5.5 billion, a 28% increase year-over-year, driven by successful project execution across all three segments: Civil, Building,…
Earnings analysis · 10-Q
TPC earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
Tutor Perini Corporation reported a strong Q1 2026 with adjusted EPS of $1.03, representing a 58% year-over-year increase. Revenue for the quarter reached $1.39 billion, up 11.5% compared to the same quarter last year,…
Read full summary
Tutor Perini Corporation reported a strong Q1 2026 with adjusted EPS of $1.03, representing a 58% year-over-year increase. Revenue for the quarter reached $1.39 billion, up 11.5% compared to the same quarter last year, driven by increased project execution across all segments. However, the company missed revenue estimates slightly, leading to concerns about potential future performance.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.03
What stood out
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Strong Adjusted EPS Growth
Adjusted diluted EPS was $1.03, up 58% YoY from $0.65.
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Revenue Increased 11.5% Year-Over-Year
Q1 2026 revenue was $1.39 billion, up from $1.25 billion in Q1 2025.
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Record Operating Cash Flow
Operating cash flow reached $146.9 million, a significant increase from $22.9 million in Q1 2025.
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Civil Segment Revenues Reached New Highs
Civil segment revenue was $697.8 million, up 14.4% from $610 million YoY.
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Improved Building Segment Performance
Building segment revenue increased to $473 million, a 2.9% rise YoY.
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Positive Cash Position
Cash and cash equivalents rose to $803 million, up from $734.6 million at year-end 2025.
What to watch
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Increased Share-Based Compensation
Share-based compensation expense rose by $23.5 million YoY, impacting overall profitability.
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Decline in New Awards Comparatively
New awards totaled $0.7 billion, significantly down from $2.0 billion in Q1 2025.
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Rising Corporate General Admin Expenses
Corporate expenses increased to $45.5 million from $17.6 million, primarily due to share-based compensation.
Management's outlook
Management affirmed adjusted EPS guidance for 2026 in the range of $4.90 to $5.30.
Earlier filings 4
10-Q · November 5, 2025
Tutor Perini Corporation reported strong financial results for Q3 2025, achieving $1.42 billion in revenue, a 30.7% increase year-over-year. The company also marked significant improvements in earnings per share, with…
10-Q · August 6, 2025
Tutor Perini Corporation reported a strong Q2 2025, with revenues of $1.37 billion, reflecting a 21.8% year-over-year increase. Diluted EPS surged to $1.41, significantly above estimates, driven by improved project…
10-Q · May 7, 2025
Tutor Perini Corporation (TPC) reported a strong Q1 2025 with significant growth in revenue and earnings, surpassing both prior estimates and previous year’s results. Revenue increased by 19% year-over-year to $1.25…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.