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Tutor Perini

Logo: tutorperini.com4

American construction company (founded 1894)

Tutor Perini Corporation (formerly Perini Corporation) is one of the largest general contractors in the United States. It was formed by the merger of Perini Corporation and Tutor-Saliba Corporation in 2008.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

1894Founded1

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  • TickerTPC on NYSE1
  • Industryconstruction1
  • HeadquartersLos Angeles1
  • Websitewww.tutorperini.com
  • Incorporated inMA5
  • Business address15901 Olden Street, Sylmar, Ca 913425
  • Filer categoryLarge accelerated filer5

Tutor Perini Corporation (formerly Perini Corporation) is one of the largest general contractors in the United States. It was formed by the merger of Perini Corporation and Tutor-Saliba Corporation in 2008. As of 2025, it reported annual revenue of approximately $5.54 billion. Tutor Perini is headquartered in Sylmar, California, and works on construction projects throughout North America and certain overseas and international locations including Guam and the Indo-Pacific Region. Specific areas of focus are civil infrastructure such as bridges, highways, tunnels, airports, and mass transit systems, building infrastructure (healthcare, education, municipal government, detention facilities, hospitality and gaming, multi-use, office towers, multi-unit residential towers, high-technology projects), and specialty contracting (electrical, mechanical, plumbing, heating, air conditioning and ventilation (HVAC), and fire protection systems).3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

11.7%Gross margin7
4.2%Operating margin7
1.5%Net margin7
28.1%Revenue growth, 20257
6.6%Return on equity7
0.32×Debt to equity7
$567.2MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Civil brought in 53% of the revenue Tutor Perini broke down this way in fiscal 2025.

  1. Civil$3.1B753%up 36% from 2024
  2. Building Group$1.9B732%up 15% from 2024
  3. Specialty Contractors$844.0M715%up 43% from 2024
Business segments by year
Business segments202320242025
Civil$2.0B$2.2B$3.1B
Building Group$1.3B$1.6B$1.9B
Specialty Contractors$693.8M$590.4M$844.0M

Regions

United States brought in 91% of the revenue Tutor Perini broke down this way in fiscal 2025.

  1. United States$5.1B791%up 35% from 2024
  2. Outside the United States$489.7M79%down 16% from 2024
Regions by year
Regions202320242025
United States$3.4B$3.7B$5.1B
Outside the United States$442.3M$583.4M$489.7M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue88¢$4.9B
  • Other costs9¢$505.6M
  • Income tax1¢$61.4M
  • Profit1¢$80.4M

Out of $5.5B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Capital spending24¢$180.9M
  • Dividends paid0¢$3.2M
  • Kept or used elsewhere75¢$564.0M

Out of $748.1M of cash from operations.7

Financial statements

Revenue8910117$5.5B in 2025+25% since 2019
0$2.0B$4.0B$6.0B2019: $4.5B$4.5B20192020: $5.3B$5.3B2020+20%2021: $4.6B$4.6B2021−13%2022: $3.8B$3.8B2022−18%2023: $3.9B$3.9B2023+2%2024: $4.3B$4.3B2024+12%2025: $5.5B$5.5B2025+28%
Gross profit8910117$647.5M in 2025+168% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $241.8M$241.8M20192020: $486.2M$486.2M2020+101%2021: $466.4M$466.4M2021−4%2022: $29.6M$29.6M2022−94%2023: $140.6M$140.6M2023+375%2024: $197.0M$197.0M2024+40%2025: $647.5M$647.5M2025+229%
Operating income8910117$232.0M in 2025
-$400.0M-$200.0M0$200.0M$400.0M2019: -$365.0M-$365.0M20192020: $262.3M$262.3M20202021: $226.8M$226.8M2021−14%2022: -$204.8M-$204.8M20222023: -$114.6M-$114.6M2023−44%2024: -$103.8M-$103.8M2024−9%2025: $232.0M$232.0M2025
Net income8910117$80.4M in 2025
-$400.0M-$200.0M0$200.0M2019: -$387.7M-$387.7M20192020: $108.4M$108.4M20202021: $91.9M$91.9M2021−15%2022: -$210.0M-$210.0M20222023: -$171.2M-$171.2M2023−19%2024: -$163.7M-$163.7M2024−4%2025: $80.4M$80.4M2025

Every line of the income statement in the latest annual report, as filed.7

Period ending2025-12-312024-12-312023-12-31
REVENUE$5.5B$4.3B$3.9B
COST OF OPERATIONS-$4.9B-$4.1B-$3.7B
GROSS PROFIT$647.5M$197.0M$140.6M
General and administrative expenses-$415.6M-$300.8M-$255.2M
INCOME (LOSS) FROM CONSTRUCTION OPERATIONS$232.0M-$103.8M-$114.6M
Other income, net$27.5M$19.9M$17.2M
Interest expense-$55.0M-$89.1M-$85.2M
INCOME (LOSS) BEFORE INCOME TAXES$204.5M-$173.0M-$182.6M
Income tax (expense) benefit-$61.4M$50.7M$55.0M
NET INCOME (LOSS)$143.1M-$122.3M-$127.6M
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS$62.6M$41.4M$43.6M
NET INCOME (LOSS) ATTRIBUTABLE TO TUTOR PERINI CORPORATION$80.4M-$163.7M-$171.2M
BASIC EARNINGS (LOSS) PER COMMON SHARE (in dollars per share)$1.53-$3.13-$3.30
DILUTED EARNINGS (LOSS) PER COMMON SHARE (in dollars per share)$1.51-$3.13-$3.30
BASIC (in shares)52.7M shares52.3M shares51.8M shares
DILUTED (in shares)53.4M shares52.3M shares51.8M shares

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The story

Founded by Albert Garrow Tutor in 1894.1

A.G. Tutor Company, Inc

In 1949, Albert G. Tutor launched a family construction business, A.G. Tutor Company, Inc. His son Ronald joined the company in 1963, and the company expanded under his leadership. In 1972, the company partnered with N.M. Saliba. In 1981, Ron Tutor took the reins as president of the Tutor-Saliba Corporation.

Perini Corporation

Perini Corporation was founded in 1894 in Ashland, Massachusetts by a stonemason named Bonfiglio Perini. The company grew to become one of the region's most recognized heavy construction contractors. From 1931 to 2009, Perini was headquartered in Framingham, Massachusetts.

Under the direction of Bonfiglio's grandson, Lou Perini, the company moved into the real-estate business, developing|4500 acres in Palm Beach County, Florida. Later real-estate ventures were less successful, leaving Perini deeply in debt by the mid-1990s.

Tutor Perini Corporation

In 1997, Ron Tutor helped Perini Corp. recapitalize alongside investor Richard Blum. Tutor became CEO of Perini in 2000 and merged Perini with Tutor-Saliba in 2008 in a transaction valued at $862 million.

Perini was originally listed OTC on June 15, 1961, then subsequently listed on AMEX on May 12, 1970, then listed on the NYSE on April 1, 2004. It was headquartered in Framingham, Massachusetts until relocating to Sylmar, California in 2009.

In May 2009, Perini shareholders voted to change the company's name to Tutor Perini Corporation.

From Wikipedia’s article on Tutor Perini, shared under CC BY-SA 4.0.6

Leadership

Who has led Tutor Perini, and when. Pick a name to see everywhere that person has worked.

Products and brands

Civil

Tutor Perini Civil

Frontier-Kemper Constructors, Inc.

Lunda Construction Company

Read the full text

Black Construction Corporation

Becho, Inc.

Building

Tutor Perini Building Corp.

Rudolph and Sletten, Inc.

Roy Anderson Corp

Perini Management Services, Inc.

Specialty

Desert Mechanical, Inc.

Fisk Electric Company

Five Star Electric

Nagelbush Mechanical

WDF Inc.

From Wikipedia’s article on Tutor Perini, shared under CC BY-SA 4.0.6

Subsidiaries and ownership

Owners

From Wikidata.1

Acquisitions

In 2003, Perini acquired Florida-based James A. Cummings Inc.

In 2005, the company acquired Cherry Hill Construction, a Maryland-based contractor, and California-based Rudolph & Sletten, Inc.

January 2008, Perini acquired Desert Heating and Cooling (later renamed Desert Mechanical), a southwestern U.S. mechanical contractor

In 2009, Perini acquired Black Construction, based in Guam.

Read the full text

In January 2009, the corporation acquired Philadelphia-based building contractor Keating Building Corporation.

November 1, 2010 - Superior Gunite, a structural concrete firm headquartered in Lakeview Terrace, California.

January 3, 2011 – Fisk Electric, a provider of electrical and technological services headquartered in Houston.

April 4, 2011 – Anderson Companies, a general contractor headquartered in Gulfport, Mississippi.

June 1, 2011 – Frontier-Kemper Constructors, a provider of numerous construction services including civil construction, mine development, drilling, tunneling, and electrical services headquartered in Evansville, Indiana.

July 1, 2011 – Lunda Construction Company, provider of various construction services such as the construction, rehabilitation, and maintenance of bridges, railroads, and other civil structures headquartered in Black River Falls, Wisconsin.

July 1, 2011 – GreenStar Services Corporation, an electrical and mechanical services provider that is composed of three operating entities: Five Star Electric Corporation, WDF, and Nagelbush.

August 18, 2011 – Becho, Inc., a specialty construction company incorporated in 1979.

From Wikipedia’s article on Tutor Perini, shared under CC BY-SA 4.0.6

Former names

  • PERINI CORPFeb 14, 1994 to May 8, 20095

Timeline

  1. Jul 13, 2007Went public Listed on NYSE1
  2. 1894Founded Founded1

Recent filings

  1. Oct 13, 20268-K
  2. Sep 2, 20264
  3. Sep 2, 2026SCHEDULE 13D/A
  4. Aug 31, 2026144
  5. Aug 31, 2026144
  6. Aug 31, 2026144
  7. Aug 28, 20264
  8. Aug 27, 2026144
  9. Aug 27, 2026144
  10. Aug 14, 20268-K
  11. Aug 11, 20264
  12. Aug 7, 2026144
  13. Aug 5, 20268-K
  14. Aug 5, 202610-Q
  15. Jul 6, 20268-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2