TUTOR PERINI CORP (TPC) FY2025 10-K Annual Report

Filed: Feb 26, 2026
Industrials
General Bldg Contractors - Nonresidential BldgsSEC EDGAR

TUTOR PERINI CORP (TPC) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 26, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

TUTOR PERINI CORP FY2025 10-K Analysis

Business Overview

  • Core business model: diversified general contracting, construction management, design-build services globally
  • No new products, services, or segments introduced or emphasized this year
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Management Discussion & Analysis

  • Revenue $5.5B in 2025, up 28% YoY from $4.3B in 2024
  • Operating margin 4.2% in 2025 ($232M income from operations on $5.5B revenue) vs loss margin in 2024 (-$103.8M); Civil segment best at 13.7% margin, Specialty Contractors worst at (0.9)% margin
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Risk Factors

  • Legal risk from $101.6 million non-cash charge due to October 2024 adverse arbitration decision on legacy California Civil bridge project
  • Geopolitical exposure includes $489.7 million (9%) 2025 revenue from international projects with risks like political instability and trade restrictions
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TUTOR PERINI CORP FY2025 Key Financial Metrics
XBRL

Revenue

$5.5B

+28.1% YoY

Net Income

$80M

+149.1% YoY

Gross Margin

11.7%

+713bp YoY

Operating Margin

4.2%

+658bp YoY

Net Margin

1.5%

+523bp YoY

ROE

6.6%

+2103bp YoY

Total Assets

$5.2B

+21.6% YoY

EPS (Diluted)

$1.51

+148.2% YoY

Operating Cash Flow

$748M

+48.6% YoY

Source: XBRL data from TUTOR PERINI CORP FY2025 10-K filing on SEC EDGAR. All figures in USD.

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