Tutor Perini Corporation (TPC) Income Statement
TPC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTPC revenue and net income
Where TPC's revenue goes
2025Each bar shows an amount and its share of revenue. TPC kept 1.5% of revenue as net income.
TPC profit margins
TPC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +28.1% | +13.5% | +0.8% | +1.2% |
| Gross profit | +228.6% | +179.6% | +5.9% | +6.2% |
| Operating income | — | — | −2.4% | +8.2% |
| Net income | — | — | −5.8% | +5.9% |
| EPS (diluted) | — | — | +8.1% | +8.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TPC quarterly EPS vs estimates
Tutor Perini beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 4, 2026 (estimate $1.34).
TPC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.54B | $4.33B | $3.88B | $3.79B | $4.64B | $5.32B | $4.45B | $4.45B | $4.76B | $4.97B |
| Cost of revenue | $4.90B | $4.13B | $3.74B | $3.76B | $4.18B | $4.83B | $4.21B | $4.00B | $4.30B | $4.52B |
| Gross profit | $647.5M | $197.0M | $140.6M | $29.6M | $466.4M | $486.2M | $241.8M | $454.5M | $454.4M | $457.2M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $415.6M | $300.8M | $255.2M | $234.4M | $239.6M | $223.8M | $226.9M | $262.6M | $274.9M | $255.3M |
| Total operating expenses | $415.6M | $300.8M | $255.2M | $234.4M | $239.6M | $223.8M | $606.8M | $262.6M | $274.9M | $255.3M |
| Operating income | $232.0M | −$103.8M | −$114.6M | −$204.8M | $226.8M | $262.3M | −$365.0M | $191.9M | $179.5M | $201.9M |
| Interest income | $55.0M | $89.1M | $85.2M | $69.6M | $69.0M | $76.2M | $67.5M | $63.5M | $69.4M | $59.8M |
| Interest expense | $55.0M | $89.1M | $85.2M | $68.0M | $67.5M | $76.2M | $67.5M | $63.5M | $69.4M | $59.8M |
| Income before taxes | $204.5M | −$173.0M | −$182.6M | −$267.7M | $159.8M | $174.3M | −$425.8M | $132.6M | $154.0M | $149.1M |
| Income taxes | $61.4M | −$50.7M | −$55.0M | −$75.1M | $25.6M | $21.9M | −$65.6M | $34.8M | −$569,000 | $53.3M |
| Net income | $80.4M | −$163.7M | −$171.2M | −$210.0M | $91.9M | $108.4M | −$387.7M | $83.4M | $148.4M | $95.8M |
| EBITDA | $309.3M | −$34.7M | −$54.0M | −$135.3M | $345.5M | $346.3M | −$295.7M | $243.4M | $275.3M | $276.2M |
| EPS (diluted) | $3.13 | −$3.11 | −$3.29 | −$4.08 | $1.79 | $2.12 | $0.68 | $1.90 | $1.88 | $1.91 |
| Gross margin | 11.7% | 4.6% | 3.6% | 0.8% | 10.0% | 9.1% | 5.4% | 10.2% | 9.6% | 9.2% |
| Operating margin | 4.2% | −2.4% | −3.0% | −5.4% | 4.9% | 4.9% | −8.2% | 4.3% | 3.8% | 4.1% |
| Net margin | 1.5% | −3.8% | −4.4% | −5.5% | 2.0% | 2.0% | −8.7% | 1.9% | 3.1% | 1.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.64B | $1.39B | $1.51B | $1.42B | $1.37B | $1.25B | $1.07B | $1.08B | $1.13B | $1.05B | $1.02B | $1.06B |
| Cost of revenue | $1.43B | $1.23B | $1.36B | $1.25B | $1.18B | $1.11B | $1.08B | $1.11B | $1.01B | $933.7M | $972.6M | $1.01B |
| Gross profit | $211.3M | $154.6M | $147.7M | $169.4M | $196.0M | $134.4M | −$9.5M | −$25.8M | $117.1M | $115.3M | $48.9M | $50.9M |
| Sales, general & admin | $93.5M | $95.5M | $97.6M | $129.3M | $119.6M | $69.1M | $76.8M | $81.0M | $76.6M | $66.4M | $71.4M | $63.5M |
| Total operating expenses | $93.5M | $95.5M | $97.6M | $129.3M | $119.6M | $69.1M | $76.8M | $81.0M | $76.6M | $66.4M | $71.4M | $63.5M |
| Operating income | $117.7M | $59.2M | $50.1M | $40.1M | $76.4M | $65.3M | −$86.2M | −$106.8M | $40.5M | $48.8M | −$22.5M | −$12.6M |
| Interest income | — | — | $13.5M | $13.5M | $13.6M | $14.4M | $25.5M | $21.2M | — | — | — | — |
| Interest expense | $13.7M | $13.4M | $13.5M | $13.5M | $13.6M | $14.4M | $25.5M | $21.2M | $21.0M | $18.8M | $21.3M | $20.3M |
| Income before taxes | $114.8M | $56.5M | $45.8M | $34.0M | $69.0M | $55.7M | −$107.5M | −$123.5M | $23.2M | $34.8M | −$39.0M | −$29.9M |
| Income taxes | $30.8M | $17.0M | $11.4M | $15.2M | $22.0M | $12.9M | −$31.3M | −$33.9M | $7.3M | $7.3M | −$3.0M | −$4.1M |
| Net income | $65.7M | $25.7M | $28.8M | $3.6M | $20.0M | $28.0M | −$79.4M | −$100.9M | $812,000 | $15.8M | −$47.5M | −$36.9M |
| EBITDA | $117.1M | $54.6M | $71.4M | $59.8M | $95.5M | $81.5M | −$70.4M | −$89.8M | $58.2M | $67.2M | −$5.0M | $1.2M |
| EPS (diluted) | $1.74 | $1.03 | $1.07 | $1.15 | $0.38 | $0.53 | −$1.51 | −$1.92 | $0.02 | $0.30 | −$0.91 | −$0.71 |
| Gross margin | 12.9% | 11.1% | 9.8% | 12.0% | 14.3% | 10.8% | −0.9% | −2.4% | 10.4% | 11.0% | 4.8% | 4.8% |
| Operating margin | 7.2% | 4.3% | 3.3% | 2.8% | 5.6% | 5.2% | −8.1% | −9.9% | 3.6% | 4.7% | −2.2% | −1.2% |
| Net margin | 4.0% | 1.8% | 1.9% | 0.3% | 1.5% | 2.2% | −7.4% | −9.3% | 0.1% | 1.5% | −4.7% | −3.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TPC's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TPC financial results
In fiscal year 2025 (ended December 31, 2025), Tutor Perini reported revenue of $5.5 billion, up 28.1% from the year before. It had net income of $80.4 million, a net profit margin of 1.5%. Diluted earnings per share came to $3.13. Over five years revenue grew at an average rate of 0.8% a year.
See the TPC stock overview for the latest quote and news, or the TPC chart for price history and technical indicators.
TPC income statement FAQ
What is Tutor Perini's annual revenue?
Tutor Perini reported total revenue of $5.5 billion for fiscal year 2025, which ended on December 31, 2025. That was up 28.1% from $4.3 billion the previous year.
Is Tutor Perini profitable?
Yes. Tutor Perini reported net income of $80.4 million in fiscal 2025, a net profit margin of 1.5%; its operating margin was 4.2%.
What is Tutor Perini's gross margin?
Tutor Perini's gross margin was 11.7% in fiscal 2025: for every $100 of revenue, Tutor Perini kept $12 after the direct cost of its products and services.
How fast is Tutor Perini growing?
Revenue grew 0.8% a year on average over the last five fiscal years, from $5.3 billion to $5.5 billion.
What are Tutor Perini's earnings per share?
Tutor Perini earned $3.13 per diluted share in fiscal 2025, compared with $-3.11 a year earlier.
When will Tutor Perini report its next earnings?
Tutor Perini is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Tutor Perini's fiscal year end?
Tutor Perini's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.