Tutor Perini (TPC)
NYSE:TPC
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Tutor Perini
(NYSE:TPC)
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Rating:72Outperform
Price Target:
$81.00
▼(-3.82% Downside)
Action:Reiterated
Date:05/27/26
The score is driven primarily by improved financial strength (robust operating/free cash flow and sharply reduced leverage) and supportive earnings guidance/backlog visibility. Offsetting factors are weak technical momentum (below key moving averages with negative MACD) and a mixed valuation profile (high P/E despite a very high dividend yield).
Positive Factors
Robust cash generation
Sustained, strong operating and free cash flow provides durable liquidity to fund working capital on large projects, absorb contract timing variability, and support capital allocation (reinvestment, buybacks, dividends). This reduces reliance on external financing and strengthens resilience across cycles.
Negative Factors
Significant legal exposure
A $175M adverse ruling creates durable financial and operational uncertainty: potential cash outflows, higher legal costs, and insurance/bonding implications. Even on appeal, multi-year resolution risk can divert management focus and constrain liquidity or capital deployment if upheld.
Read all positive and negative factors
Positive Factors
Negative Factors
Robust cash generation
Sustained, strong operating and free cash flow provides durable liquidity to fund working capital on large projects, absorb contract timing variability, and support capital allocation (reinvestment, buybacks, dividends). This reduces reliance on external financing and strengthens resilience across cycles.
Read all positive factors
Tutor Perini (TPC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.71B
Dividend Yield0.09%
Average Volume (3M)551.01K
Price to Earnings (P/E)47.6
Beta (1Y)1.56
Revenue Growth25.67%
EPS GrowthN/A
CountryUS
Employees7,500
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)1.49
Shares Outstanding52,614,704
10 Day Avg. Volume530,548
30 Day Avg. Volume551,010
Financial Highlights & Ratios
PEG Ratio-0.29
Price to Book (P/B)2.90
Price to Sales (P/S)0.64
P/FCF Ratio6.23
Enterprise Value/Market Cap0.92
Enterprise Value/Revenue0.60
Enterprise Value/Gross Profit5.11
Enterprise Value/Ebitda11.48
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.47
Revenue Forecast (FY)$6.31B
Tutor Perini Business Overview & Revenue Model
Company Description
Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide. It operates through three segments: Civil, Building,...
How the Company Makes Money
Tutor Perini primarily makes money by executing construction projects under contract and recognizing revenue as work progresses (typically under long-term contracts). Its key revenue streams are: (1) Civil segment revenue from large public infrast...
Tutor Perini Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The call was predominantly positive: management reported strong operational performance (record operating cash flow, revenue growth, robust backlog, and a 58% increase in adjusted EPS) and a materially improved balance sheet and liquidity position enabling capital returns and the ability to pursue larger projects. Notable negatives include a significant adverse legal ruling (~$175 million) under appeal, elevated share-based compensation that depressed GAAP results and increased the effective tax rate, and some project estimate adjustments and legacy dispute overhang in Specialty. On balance, management presented confidence in continued double-digit revenue growth for 2026 and substantially higher earnings in 2027, while acknowledging specific near-term risks and contingencies.Positive Updates
Record Operating Cash Flow
Operating cash flow of $147 million in Q1 2026, up 542% year-over-year and the highest first-quarter cash flow on record, driven by collections on new and ongoing projects.
Negative Updates
GAAP Operating Income and Net Income Pressure from Share-Based Compensation
GAAP operating income fell to $59 million, down 9% YoY, largely due to a $23 million increase in share-based compensation; corporate G&A rose to $45 million from $18 million (approx. +150%) primarily for the same reason, increasing earnings volatility.
Read all updates
Q1-2026 Updates
Positive
Negative
Record Operating Cash Flow
Operating cash flow of $147 million in Q1 2026, up 542% year-over-year and the highest first-quarter cash flow on record, driven by collections on new and ongoing projects.
Read all positive updates
Company Guidance
Management affirmed 2026 guidance calling for double‑digit revenue growth and strong earnings, with adjusted EPS of $4.90 to $5.30 and even higher earnings expected in 2027, while stressing continued strong operating cash generation (Q1 operating cash flow was a record $147 million) and a backlog of about $19.8 billion that should fuel growth; Q1 metrics supporting the outlook included revenue of $1.4 billion (+11% YoY), adjusted Q1 EPS of $1.03 (+58% YoY), nearly $700 million of new awards booked in the quarter and an anticipated ~$1 billion of additional Midtown Bus Terminal backlog in H2, and management reiterated segment margin targets of roughly 12%–15% for Civil, 3%–6% for Building and about 1%–3% for Specialty in 2026 (with Specialty longer‑term 5%–8%); the plan assumes continued strong cash (cash exceeded debt by $404 million, cash available $321 million, total debt $399 million), opportunistic share repurchases under a $200 million program (Q1 repurchase ~$20 million, ~278k shares at ~$72 average), a $0.06 quarterly dividend, a midyear refinancing expected to lower interest by ~400–500 bps (management aiming for a ~6% rate), and the guidance includes meaningful contingency for lower bid success, project delays, slower ramp‑ups or adverse legal outcomes.Tutor Perini Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
78
Positive
Cash Flow
86
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.69B | 5.54B | 4.33B | 3.88B | 3.79B | 4.64B |
| Gross Profit | 667.75M | 647.51M | 197.04M | 140.62M | 29.61M | 466.39M |
| EBITDA | 297.35M | 309.29M | -34.75M | -54.03M | -135.28M | 345.50M |
| Net Income | 78.14M | 80.44M | -163.72M | -171.16M | -210.01M | 91.92M |
Balance Sheet | ||||||
| Total Assets | 5.14B | 5.16B | 4.24B | 4.43B | 4.54B | 4.72B |
| Cash, Cash Equivalents and Short-Term Investments | 1.08B | 999.15M | 455.08M | 380.56M | 259.35M | 202.20M |
| Total Debt | 466.02M | 470.92M | 534.14M | 899.75M | 958.44M | 993.65M |
| Total Liabilities | 3.87B | 3.90B | 3.08B | 3.15B | 3.10B | 3.05B |
| Stockholders Equity | 1.21B | 1.22B | 1.13B | 1.29B | 1.45B | 1.65B |
Cash Flow | ||||||
| Free Cash Flow | 703.32M | 567.21M | 466.13M | 255.52M | 147.19M | -187.05M |
| Operating Cash Flow | 872.07M | 748.07M | 503.54M | 308.47M | 206.97M | -148.45M |
| Investing Cash Flow | -272.23M | -249.69M | -40.69M | -78.25M | -65.64M | -37.34M |
| Financing Cash Flow | -89.83M | -192.36M | -393.35M | -109.38M | -78.90M | -54.66M |
Tutor Perini Technical Analysis
Negative
84.22
Price Trends
80.96
Negative
79.10
Negative
71.96
Negative
Market Momentum
-3.08
Positive
35.44
Neutral
26.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TPC, the sentiment is Negative. The current price of 84.22 is above the 20-day moving average (MA) of 76.17, above the 50-day MA of 80.96, and above the 200-day MA of 71.96, indicating a bearish trend. The MACD of -3.08 indicates Positive momentum. The RSI at 35.44 is Neutral, neither overbought nor oversold. The STOCH value of 26.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TPC.
Tutor Perini Risk Analysis
Tutor Perini disclosed 26 risk factors in its most recent earnings report. Tutor Perini reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Tutor Perini Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $9.74B | 60.13 | 33.62% | 0.49% | 14.47% | 57.43% | |
79 Outperform | $6.94B | 48.80 | 22.14% | ― | 13.14% | 317.43% | |
72 Outperform | $3.71B | 47.60 | 6.50% | 0.09% | 25.67% | ― | |
72 Outperform | $6.18B | 33.27 | 16.70% | 0.45% | 14.93% | 49.81% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $567.95M | 50.41 | 4.14% | ― | 13.27% | 297.82% | |
50 Neutral | $6.64B | 23.00 | 8.12% | ― | -8.32% | -87.53% |
* Industrials Sector Average
TPC
Tutor Perini
70.53
30.07
74.32%
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MYRG
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BWMN
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Tutor Perini Corporate Events
Executive/Board ChangesShareholder Meetings
Tutor Perini Shareholders Back Board, Pay and Auditor
Positive
May 26, 2026
At its Annual Meeting, Tutor Perini shareholders elected 10 directors, including Chairman and CEO Ronald N. Tutor, to serve until the 2027 Annual Meeting, signaling continuity in the company’s leadership and governance structure. Shareholder...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.