Tutor Perini Corporation reported a significant increase in financial performance for the fiscal year ending December 31, 2025, with consolidated revenue reaching $5.5 billion, a 28% increase from $4.3 billion in 2024. The company also saw a turnaround in profitability, posting income from construction operations of $232 million, compared to a loss of $103.8 million in the previous year. This improvement was attributed to heightened project execution activities on larger, higher-margin projects, as well as a reduction in unfavorable adjustments related to project estimates.
The company’s backlog, which represents the total value of work remaining on awarded projects, grew to approximately $20.6 billion, a 10% increase from $18.7 billion in 2024. The Civil segment accounted for 49% of this backlog, while the Building and Specialty Contractors segments represented 36% and 15%, respectively. Notably, Tutor Perini secured new awards totaling $7.4 billion in 2025, although this was a decrease from $12.8 billion in 2024. Significant projects included the $1.87 billion Midtown Bus Terminal Replacement and the $1.18 billion Manhattan Tunnel project, both in New York.
Operationally, Tutor Perini employed approximately 7,400 individuals as of December 31, 2025, with a mix of salaried and hourly workers. The company has maintained a strong focus on safety and quality control, which has contributed to its reputation in executing large, complex projects. The Civil segment, in particular, has benefited from substantial government funding initiatives, including the Bipartisan Infrastructure Law, which is expected to provide $1.2 trillion in federal infrastructure funding over ten years.
Looking ahead, Tutor Perini anticipates continued growth driven by strong demand for infrastructure projects and favorable market conditions. The company expects to recognize approximately $6 billion, or 29% of its backlog, as revenue in 2026. Management remains optimistic about securing additional project awards, particularly in the healthcare, education, and transportation sectors, as public funding for infrastructure projects remains robust. The company’s strategic focus on large, long-duration projects positions it well for future opportunities in the construction market.
About TUTOR PERINI CORP
Tutor Perini Corporation is a leading construction firm providing diversified general contracting, construction management, and design-build services. Its core segments include civil infrastructure, building projects, and specialty contracting, serving public agencies and private clients across the U.S. The company specializes in large, complex projects such as transit systems, airports, and high-end facilities, leveraging vertical integration, strong reputation, and extensive experience to deliver high-quality infrastructure and building solutions.
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