NYSE$TPC

Tutor Perini Corp · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Tutor Perini reported Q4 2025 revenue of $1.51B and net income attributable to the company of $28.8M, or $0.54 diluted EPS.

Q4 2025 revenue from external customers was $1.507 billion with income from construction operations of $50.1 million. Net income attributable to Tutor Perini was $28.8 million, or $0.54 diluted EPS; adjusted EPS was $1.07. Full-year revenue was a record $5.5 billion with operating cash flow of $748.1 million.

  • Q4 revenue $1.51B.
  • Net income $28.8M; GAAP EPS $0.54; adj. EPS $1.07.
  • Income from construction ops $50.1M in Q4.
  • Backlog $20.6B (+10% YoY).

Headline financials

Total Revenue

$1.51B

Previous: $4.3B-64.9%
EPS (adj)

$1.07

Previous: -$1.51+170.7%
Operating cash flow

$748M

No prior period
Backlog

$20.6B

Previous: $18.7B+10.1%
New awards (Q4)

$426M

No prior period
Debt reduction in 2025

$127M

No prior period
CIE balance

$819M

Previous: $943M-13.1%
Net Income

$28.8M

Previous: -$76.2M+137.8%
Operating Income

$50.1M

Previous: -$86.2M+158.1%
Gross Profit

$148M

Previous: -$9.46M+1661.2%

Revenue & EPS history

Tutor Perini · Revenue · Quarterly

$1.51B

Q4 2025-64.9%vs Q4 2024
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Revenue by segment

Tutor Perini · $1.06B total across 3 segments · Q3 2023

  • Civil
    $520M+3.9%
  • Building
    $365M+14.9%
  • Specialty Contractors
    $175M-30.6%

Forward guidance

FY 2026 adjusted EPS $4.90–$5.30 with double-digit revenue growth expected.

Tailwinds

  • Record cash flow and backlog.
  • Large infrastructure project pipeline.

Headwinds

  • Share-based comp volatility in GAAP EPS.
  • Project execution and dispute resolution risk.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

-0.2%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+0.4%

Avg return

30 days after

48%

31 / 65 earnings

Positive

+34.4%

Q4 2024

Best reaction

-30.3%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.3%-14.9%-27.6%
Q4 2025-15.7%-17.5%-14.8%
Q3 2025-1.2%-7.8%-0.1%
Q1 2025+25.2%+51.6%+71.8%
Q4 2024+34.4%+25.6%+7.5%
Q3 2024+21.3%+11.8%-2.3%
Q2 2024-30.3%-24.5%-3.7%
Q1 2024+2.4%+8.4%+15.0%
Q4 2023+25.1%+28.1%+59.6%
Q3 2023-3.2%+9.5%+10.9%
Q2 2023-3.9%+11.1%+5.7%
Q1 2023+2.9%-4.0%-10.9%
Q4 2022-17.3%-15.2%-28.3%
Q3 2022-0.7%+4.2%-1.2%
Q2 2022-18.9%-20.0%-26.7%
Q1 2022+2.9%-4.2%-11.2%
Q4 2021-6.2%-16.0%-6.8%
Q3 2021-5.9%+3.5%-7.1%
Q2 2021-1.4%-0.3%-1.2%
Q1 2021+0.4%+2.8%-14.8%
Q4 2020-1.2%-12.9%+1.9%
Q3 2020-5.0%-8.1%-7.8%
Q2 2020+3.8%+6.1%+7.3%
Q1 2020+14.4%+10.3%+20.1%
Q4 2019+4.7%+21.0%-48.0%
Q3 2019+10.1%+14.3%-10.2%
Q2 2019-6.7%-5.3%-6.2%
Q1 2019+2.6%+10.7%+16.6%
Q4 2018+6.5%+8.3%-3.1%
Q3 2018-2.3%-6.0%-5.3%
Q2 2018+9.7%+6.8%+6.1%
Q1 2018-1.4%+5.0%-6.3%
Q4 2017+7.3%-2.4%-2.0%
Q3 2017-6.2%-7.6%+7.6%
Q2 2017+4.4%-1.1%-1.1%
Q1 2017-1.1%-1.9%-1.0%
Q4 2016+4.0%+5.5%+2.3%
Q3 2016+2.9%+5.6%+38.6%
Q2 2016-4.8%-1.3%-6.9%
Q1 2016-0.8%
Q4 2015+9.2%
Q3 2015+1.5%
Q2 2015-16.6%
Q1 2015+0.4%
Q4 2014-10.7%
Q3 2014+0.9%
Q2 2014+3.8%
Q1 2014+3.4%
Q4 2013+9.0%
Q3 2013-2.6%
Q2 2013-2.1%
Q1 2013-1.8%
Q4 2012-4.5%
Q3 2012+24.4%
Q2 2012-12.8%
Q1 2011-18.7%
Q1 2012+2.8%
Q4 2011-9.0%
Q4 2009-9.0%
Q3 2010+3.8%
Q3 2011+3.8%
Q4 2010-15.7%
Q2 2010-15.7%
Q2 2011-15.7%
Q1 2010+8.2%

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