Tutor Perini Corporation (TPC) Key Metrics
TPC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $4.09B
- Enterprise value
- $3.89B
- P/E (TTM)
- 33.5 10-yr median 9.1
- Forward P/E
- 12.9
- PEG ratio
- 0.62
- Price / sales
- 0.7 10-yr median 0.2
- Price / book
- 3.5 10-yr median 0.4
- EV / EBITDA
- 11.2 10-yr median 6.3
- Dividend yield
- 0.46% $0.36 a year
- Beta
- 2.06
TPC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTPC valuation Price multiples at each fiscal year-end price.
TPC returns How much profit the business earns on the capital it uses.
TPC per-share figures Results divided by the shares outstanding at year-end.
TPC financial health Debt, liquidity and how easily interest is covered.
TPC efficiency & capital use Working capital cycle and where the cash goes.
TPC valuation history
TPC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TPC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TPC cash returned to shareholders
TPC price vs earnings per share
TPC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.58B | $1.27B | $471.8M | $387.5M | $635.4M | $661.4M | $645.8M | $803.3M | $1.29B | $1.40B |
| Enterprise value | $3.05B | $1.35B | $991.0M | $1.09B | $1.43B | $1.31B | $1.29B | $1.45B | $1.83B | $2.01B |
| P/E ratio | 44.5 | — | — | — | 6.9 | 6.1 | — | 9.6 | 8.7 | 14.6 |
| Price / sales | 0.6 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.3 |
| Price / book | 2.9 | 1.1 | 0.4 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.8 | 0.9 |
| Price / free cash flow | 6.3 | 2.7 | 1.8 | 2.6 | — | 5.6 | 12.3 | — | 9.7 | 14.3 |
| Price / operating cash flow | 4.8 | 2.5 | 1.5 | 1.9 | — | 3.8 | 4.7 | 37.5 | 7.9 | 12.3 |
| EV / sales | 0.6 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 | 0.4 | 0.4 |
| EV / EBITDA | 9.9 | — | — | — | 4.1 | 3.8 | — | 6.0 | 6.6 | 7.3 |
| EV / free cash flow | 5.4 | 2.9 | 3.9 | 7.4 | — | 11.1 | 24.6 | — | 13.7 | 20.6 |
| Earnings yield | 2.2% | −12.9% | −36.3% | −54.2% | 14.5% | 16.4% | −60.0% | 10.4% | 11.5% | 6.9% |
| Free cash flow yield | 15.8% | 36.8% | 54.2% | 38.0% | −29.4% | 17.8% | 8.1% | −6.9% | 10.4% | 7.0% |
| Dividend yield | 0.1% | 0.0% | 0.0% | — | — | — | — | 3.6% | 1.4% | 111.3% |
| Shareholder yield (dividends + buybacks) | 0.1% | 0.0% | 0.0% | 10.0% | 2.5% | 6.9% | 5.7% | 6.7% | 2.5% | 111.4% |
| Share price at fiscal year-end | $67.02 | $24.20 | $9.10 | $7.55 | $12.37 | $12.95 | $12.86 | $15.97 | $25.35 | $28.00 |
| Per share | ||||||||||
| Revenue per share | $103.78 | $82.70 | $74.84 | $73.86 | $90.36 | $104.13 | $88.63 | $88.56 | $93.72 | $99.73 |
| Earnings per share | $1.51 | −$3.13 | −$3.30 | −$4.09 | $1.79 | $2.12 | −$7.72 | $1.66 | $2.92 | $1.92 |
| Operating cash flow per share | $14.01 | $9.62 | $5.95 | $4.03 | −$2.89 | $3.38 | $2.72 | $0.43 | $3.22 | $2.27 |
| Free cash flow per share | $10.62 | $8.91 | $4.93 | $2.87 | −$3.64 | $2.31 | $1.04 | −$1.11 | $2.63 | $1.96 |
| Cash per share | $18.71 | $8.70 | $7.34 | $5.05 | $3.94 | $7.33 | $3.86 | $2.31 | $3.80 | $2.93 |
| Book value per share | $22.82 | $21.69 | $24.91 | $28.25 | $32.22 | $30.42 | $28.68 | $35.97 | $33.75 | $31.15 |
| Tangible book value per share | $17.78 | $16.50 | $19.64 | $22.87 | $26.57 | $24.00 | $21.50 | $22.63 | $20.47 | $17.55 |
| Dividends per share | $0.06 | $0.00 | $0.00 | — | — | — | — | $0.58 | $0.34 | $31.17 |
| Capex per share | $3.39 | $0.71 | $1.02 | $1.16 | $0.75 | $1.07 | $1.68 | $1.53 | $0.60 | $0.32 |
| Debt per share | $8.82 | $10.21 | $17.35 | $18.67 | $19.34 | $20.08 | $16.62 | $15.14 | $14.51 | $15.23 |
| Shares outstanding | 53.4M | 52.3M | 51.8M | 51.3M | 51.4M | 51.1M | 50.2M | 50.3M | 50.8M | 49.9M |
| Change in shares outstanding | +2.1% | +0.9% | +1.0% | −0.1% | +0.6% | +1.7% | −0.2% | −0.9% | +1.8% | +0.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 6.8% | −13.5% | −12.5% | −13.5% | 5.7% | 7.2% | −23.9% | 4.7% | 9.1% | 6.4% |
| Return on invested capital (ROIC) | 17.0% | −5.4% | −4.6% | −7.0% | 8.2% | 10.7% | −12.7% | 6.0% | 8.1% | 6.0% |
| Return on assets (ROA) | 1.7% | −3.8% | −3.8% | −4.5% | 1.9% | 2.3% | −8.7% | 1.9% | 3.6% | 2.4% |
| Return on tangible assets | 1.6% | −4.1% | −4.1% | −4.9% | 2.1% | 2.3% | −9.4% | 2.2% | 4.1% | 2.9% |
| Free cash flow margin | 10.2% | 10.8% | 6.6% | 3.9% | −4.0% | 2.2% | 1.2% | −1.2% | 2.8% | 2.0% |
| Income quality (OCF / net income) | 9.30 | — | — | — | −1.61 | 1.59 | — | 0.26 | 1.10 | 1.18 |
| Financial health | ||||||||||
| Total debt | $470.9M | $534.1M | $899.7M | $958.4M | $993.7M | $1.03B | $834.5M | $761.5M | $736.3M | $759.5M |
| Cash & short-term investments | $999.2M | $455.1M | $380.6M | $259.4M | $202.2M | $374.3M | $193.7M | $116.1M | $192.9M | $146.1M |
| Net debt | −$528.2M | $79.1M | $519.2M | $699.1M | $791.5M | $651.2M | $640.8M | $645.4M | $543.4M | $613.4M |
| Debt / equity | 0.39 | 0.47 | 0.70 | 0.66 | 0.60 | 0.66 | 0.58 | 0.42 | 0.43 | 0.49 |
| Debt / assets | 0.09 | 0.13 | 0.20 | 0.21 | 0.21 | 0.20 | 0.19 | 0.17 | 0.17 | 0.19 |
| Net debt / EBITDA | −1.71 | — | — | — | 2.29 | 1.88 | — | 2.65 | 1.97 | 2.22 |
| Current ratio | 1.27 | 1.41 | 1.66 | 1.87 | 2.17 | 1.80 | 1.66 | 1.99 | 1.94 | 1.87 |
| Quick ratio | 1.27 | 1.41 | 1.66 | 1.82 | 2.12 | 1.73 | 1.63 | 1.95 | 1.91 | 1.83 |
| Interest coverage | 4.2 | -1.2 | -1.3 | -3.0 | 3.4 | 3.4 | -5.4 | 3.0 | 2.6 | 3.4 |
| Working capital | $877.4M | $954.0M | $1.40B | $1.71B | $2.09B | $1.82B | $1.40B | $1.58B | $1.49B | $1.32B |
| Invested capital | $690.4M | $1.21B | $1.81B | $2.15B | $2.45B | $2.21B | $2.08B | $2.45B | $2.26B | $2.17B |
| Tangible asset value | $993.7M | $887.4M | $1.01B | $1.17B | $1.38B | $1.21B | $1.07B | $1.12B | $1.03B | $875.0M |
| Net current asset value | $219.1M | $202.6M | $375.4M | $578.0M | $811.3M | $577.8M | $455.7M | $575.8M | $515.0M | $352.2M |
| Graham number | $27.80 | — | — | — | $36.02 | $38.11 | — | $36.64 | $47.12 | $36.70 |
| Graham net-net per share | −$16.26 | −$14.56 | −$13.14 | −$8.53 | −$5.20 | −$11.26 | −$10.78 | −$5.79 | −$5.65 | −$7.68 |
| Capital allocation | ||||||||||
| Dividends paid | $3.2M | $0 | $0 | — | — | — | — | $29.0M | $17.5M | $1.55B |
| Share buybacks (net) | — | — | — | $38.7M | $15.7M | $45.5M | $36.7M | $25.2M | $14.7M | $584,000 |
| Dividend payout ratio | 3.9% | — | — | — | — | — | — | 34.8% | 11.8% | — |
| Dividends + buybacks / free cash flow | 0.6% | 0.0% | 0.0% | 26.3% | — | 38.5% | 70.1% | — | 24.1% | — |
| Capex / revenue | 3.3% | 0.9% | 1.4% | 1.6% | 0.8% | 1.0% | 1.9% | 1.7% | 0.6% | 0.3% |
| Capex / operating cash flow | 24.2% | 7.4% | 17.2% | 28.9% | — | 31.7% | 61.7% | 360.1% | 18.5% | 13.9% |
| Capex / depreciation | 3.63 | 0.70 | 1.17 | 0.93 | 0.33 | 0.51 | 1.29 | 1.63 | 0.58 | 0.23 |
| Stock-based compensation / revenue | 2.7% | 0.9% | 0.3% | 0.2% | 0.3% | 0.2% | 0.4% | 0.5% | 0.4% | 0.3% |
| SG&A / revenue | 7.5% | 7.0% | 6.6% | 6.2% | 5.2% | 4.2% | 5.1% | 5.9% | 5.8% | 5.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 171.1 | 222.2 | 278.1 | 313.6 | 262.6 | 217.6 | 242.8 | 230.1 | 203.7 | 181.8 |
| Days of inventory on hand | — | — | 5.2 | 9.7 | 10.9 | 8.9 | 6.1 | 5.5 | 4.6 | 5.0 |
| Days payables outstanding | 69.4 | 69.0 | 69.9 | 73.9 | 82.6 | 77.2 | 76.7 | 81.9 | 83.0 | 78.1 |
| Cash conversion cycle (days) | 101.6 | 153.2 | 213.4 | 249.4 | 190.9 | 149.3 | 172.3 | 153.6 | 125.3 | 108.7 |
| Receivables turnover | 2.13 | 1.64 | 1.31 | 1.16 | 1.39 | 1.68 | 1.50 | 1.59 | 1.79 | 2.01 |
| Payables turnover | 5.26 | 5.29 | 5.22 | 4.94 | 4.42 | 4.73 | 4.76 | 4.46 | 4.40 | 4.68 |
| Inventory turnover | — | — | 70.53 | 37.69 | 33.40 | 40.98 | 59.57 | 66.82 | 79.46 | 73.63 |
| Asset turnover | 1.18 | 1.00 | 0.86 | 0.82 | 0.95 | 1.12 | 1.00 | 1.03 | 1.15 | 1.23 |
| Average receivables | $2.60B | $2.63B | $2.96B | $3.26B | $3.34B | $3.17B | $2.96B | $2.81B | $2.65B | $2.48B |
| Average payables | $931.3M | $781.1M | $715.8M | $761.5M | $945.4M | $1.02B | $884.3M | $897.7M | $977.9M | $965.7M |
| Average inventory | — | — | $53.0M | $99.8M | $125.0M | $117.9M | $70.7M | $59.9M | $54.1M | $61.3M |
| Intangibles / total assets | 5.2% | 6.4% | 6.2% | 6.1% | 6.1% | 6.5% | 8.0% | 15.3% | 15.8% | 16.8% |
Computed from TPC's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
TPC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Tutor Perini traded at 44.5 times earnings, against a 10-year median of 9.1. Based on the latest twelve months, the trailing P/E is 33.5 and the forward P/E is 12.9. Tutor Perini earned a return on equity of 6.8% and a return on invested capital of 17.0% in fiscal 2025. It ended the year with $470.9 million of debt and $999.2 million in cash and short-term investments, a net cash position of $528.2 million. It returned $3.2 million to shareholders: $3.2 million in dividends and $0 in share buybacks, 1% of free cash flow. The share count rose 7.1% from 49.9M to 53.4M over 9 years.
See the TPC income statement, the TPC chart for price history, or the TPC stock overview for the latest quote and news.
TPC key metrics FAQ
What is Tutor Perini's P/E ratio?
Tutor Perini's trailing P/E ratio is 33.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 12.9. At the end of fiscal 2025 it was 44.5, compared with a 10-year median of 9.1.
What is Tutor Perini's EV/EBITDA?
Tutor Perini's enterprise value was 9.9 times EBITDA at the end of fiscal 2025 (enterprise value $3.1 billion, EBITDA $309.3 million); the current EV/EBITDA is 11.2.
What is Tutor Perini's return on equity?
Tutor Perini's return on equity (ROE) was 6.8% in fiscal 2025: net income of $80.4 million on average shareholders' equity of $1.2 billion.
What is Tutor Perini's ROIC?
Tutor Perini's return on invested capital was 17.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Tutor Perini have?
Tutor Perini had total debt of $470.9 million at the end of fiscal 2025, a debt-to-equity ratio of 0.39 and more cash than debt.
What is Tutor Perini's dividend yield?
Tutor Perini's forward dividend yield is 0.46%. Tutor Perini paid $3.2 million in dividends in fiscal 2025 ($0.06 per share), a payout ratio of 3.9%.
What is Tutor Perini's free cash flow yield?
Tutor Perini generated $567.2 million of free cash flow in fiscal 2025, a free cash flow yield of 15.8% on its market value at year-end ($3.6 billion).
What is Tutor Perini's current ratio?
Tutor Perini's current ratio was 1.27 at the end of fiscal 2025: current assets were 1.27 times current liabilities.