Tutor Perini Reports Strong Financial Turnaround, Record Cash Flow, and Increased Backlog for 2025
TPC has more than doubled off its 52-week low of $18.335 on elevated volume (2.2× avg).
Summary
Tutor Perini reported a strong financial turnaround in 2025, achieving profitability, record operating cash flow, and a 10% increase in backlog, alongside new shareholder return initiatives.
Key Events · Earnings and Guidance · TPC
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Significant Financial Turnaround
The company swung from a net loss of $(163.7) million in 2024 to a net income of $80.4 million in 2025, with revenue increasing 28% to $5.54 billion.
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Record Operating Cash Flow
Tutor Perini generated a record $748.1 million in cash flow from operations in 2025, marking the fourth consecutive year of record operating cash flow.
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Increased Backlog to $20.6 Billion
Total consolidated backlog grew 10% to $20.6 billion as of December 31, 2025, with approximately $6 billion expected to be recognized as revenue in 2026.
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Initiated Quarterly Cash Dividend
The Board of Directors initiated a cash dividend of $0.06 per share in the fourth quarter of 2025, totaling $3.4 million for the year.
Analysis · TPC · Real Estate & Construction
Tutor Perini Corporation's 2025 annual report signals a significant operational and financial recovery, with a substantial swing from net losses to profitability and record operating cash flow. The 10% increase in backlog to $20.6 billion provides strong revenue visibility for future periods, particularly in civil and building infrastructure projects supported by government funding. The initiation of a quarterly dividend and authorization of a $200 million share repurchase program demonstrate a renewed focus on shareholder returns, reflecting improved financial health and confidence. While new awards decreased compared to the prior year, the overall backlog growth and strong project pipeline indicate continued business momentum. The company's improved debt metrics further strengthen its financial position. The stock is trading near its 52-week high, which is supported by these positive developments. Investors should monitor the ongoing HNTB litigation for potential impacts.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 41.1% of the 372 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.38%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TPC was trading at $87.50 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $4.7B. The 52-week trading range was $18.34 to $89.51. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.