Tutor Perini Posts Record $5.5B Revenue, $748M Cash Flow and $200M Buyback
Tutor Perini’s Civil segment drove record $2.8B revenue in 2025, up 34%, with operating income tripling to $391M and 13.7% margin. Full-year revenue reached $5.5B, adjusted EPS $4.29, operating cash flow $748M, net cash position $327M, and board authorized a $200M buyback plus $0.06 dividend.
1. Record 2025 Financial Results
Tutor Perini posted record full-year revenue of $5.5B and adjusted EPS of $4.29, while operating cash flow rose 49% to $748M. Net cash exceeded debt by $327M after a 24% reduction in total debt, driven by strong collections and improved working capital management.
2. Segment Performance Highlights
The Civil segment generated $2.8B in revenue, up 34%, with operating income tripling to $391M and a 13.7% margin. Building segment revenue climbed 15% to $1.9B with a 3.1% margin, and Specialty Contractors revenue rose 43% to $844M as the segment returned to profitability in the second half.
3. Backlog, Guidance and Capital Returns
Year-end backlog increased 10% to $20.6B, supported by nine mega projects totaling $16B with healthy margins and longer durations. For 2026, the company targets adjusted EPS of $4.90 to $5.30 on double-digit revenue growth and authorized a $0.06 quarterly dividend plus a $200M buyback.