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Earnings transcript
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TPC
Tutor Perini Corporation
$77.3
-1.41
(-1.79%)
[ms_data_label text=’Delayed data’]
| Exchange: | NYSE |
| Market Cap: | 4.081B |
| Shares Outstanding: | 3.174M |
About The Company
| Sector: | Industrials | |||||
| Industry: | Engineering & Construction | |||||
| CEO: | Gary G. Smalley | |||||
| Full Time Employees: | 7500 | |||||
| Address: |
| |||||
| Website: | https://www.tutorperini.com |
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, and Specialty Contractors. The Civil segment engages in the public works construction and the replacement and reconstruction of infrastructure, construction and rehabilitation of highways, bridges, tunnels, mass-transit systems, military defense facilities, and water management and wastewater treatment facilities. This segment also provides drilling, foundation, and excavation support for shoring, bridges, piers, roads, and highway projects. The Building segment offers services in various specialized building markets, including hospitality and gaming, transportation, health care, commercial offices, government facilities, sports and entertainment, education, correctional facilities, biotech, pharmaceutical, and industrial and technology. The Specialty Contractors segment provides electrical, mechanical, plumbing, and fire protection systems, as well as heating, ventilation, and air conditioning services (HVAC) for the industrial, commercial, hospitality and gaming, and mass-transit end markets. It also offers general contracting, pre-construction planning, and project management services, including planning and scheduling of manpower, equipment, materials, and subcontractors; and self-performed construction services, such as site work, concrete forming and placement, steel erection, electrical, plumbing, HVAC, and mechanical. The company was formerly known as Perini Corporation and changed its name to Tutor Perini Corporation in May 2009. Tutor Perini Corporation was founded in 1894 and is headquartered in Sylmar, California.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 3,880,227 | 4,326,922 | 5,543,039 |
| Gross Profit | 140,624 | 197,038 | 647,515 |
| EBITDA | -54,034 | -34,746 | 309,288 |
| Operating Income | -114,597 | -103,753 | 231,961 |
| Net Income | -171,155 | -163,721 | 80,440 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 4,429,856 | 4,242,710 | 5,160,422 |
| Total Liabilities | 3,145,945 | 3,084,104 | 3,897,760 |
| Total Stockholders Equity | 1,291,588 | 1,134,723 | 1,218,634 |
| Total Debt | 899,745 | 534,138 | 14,589 |
| Cash and Cash Equivalents | 380,564 | 455,084 | 734,553 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 308,471 | 503,544 | 748,065 |
| Capital Expenditure | -52,953 | -37,409 | 0 |
| Free Cash Flow | 255,518 | 466,135 | 748,065 |
| Net Income | -171,155 | -122,339 | 265,935 |
| Net Change in Cash | 120,849 | 69,508 | 306,006 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2027 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 6,884,356.215 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 7,061,544.324 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 6,964,229.705 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 99,941.289 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 102,513.556 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 101,100.825 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 288,097.442 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 297,770.536 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 292,933.989 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 445,696.844 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 457,168.096 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 450,867.896 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 5.480 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 5.570 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 5.390 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 3 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Performance: TPC has demonstrated strong revenue figures in recent income statements, with consistent growth over the past periods as reported in the financial data. This indicates a solid business model and effective market positioning within its sector.
- Positive Free Cash Flow: The cash flow statements highlight a healthy free cash flow yield (freeCashFlowYieldTTM), reflecting TPC's ability to generate cash after capital expenditures, which supports financial flexibility for dividends, debt reduction, or reinvestment.
- Strong Industry Positioning: Based on industry performance metrics (industry_perf1y, industry_perf5y), TPC operates in a sector with favorable long-term trends, and its performance aligns with or exceeds industry averages, showcasing competitive strength.
- Innovative Focus: Insights from the earnings call transcript suggest TPC is committed to innovation, with strategic investments in new product categories or technologies that have contributed to recent revenue records, enhancing its market relevance.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates TPC intrinsic value between $125.71 – $131.09 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about TPC valuation
Is Tutor Perini Corporation (TPC) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Tutor Perini Corporation (TPC) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is TPC a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether TPC trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is TPC’s P/E ratio?
You can see TPC’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for TPC?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is TPC a good long-term investment?
Whether TPC fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
TPC
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[ms_data_label text="Daily snapshot"]
-1.79
Trading Metrics:
| Open: | [ms_cell_or_dash table='trading_quote' column='open'] | Previous Close: | [ms_cell_or_dash table='trading_quote' column='previousClose'] | |
| Day Low: | [ms_cell_or_dash table='trading_quote' column='dayLow'] | Day High: | [ms_cell_or_dash table='trading_quote' column='dayHigh'] | |
| Year Low: | 18.34 | Year High: | 89.51 | |
| Price Avg 50: | 77.59 | Price Avg 200: | 64.93 | |
| Volume: | 267637 | Average Volume: | 623291 |
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Login — it's freeTPC full analysis
Welcome to MARKETSNAP’s SWOT analysis for Tutor Perini Corporation, also known by its ticker TPC. If you’re a long-term investor looking to dig into the construction sector, you’ve come to the right place. Today, we’re breaking down Tutor Perini, a company that might not be a household name like some tech giants, but it’s a significant player in the heavy construction and infrastructure space. Let’s dive into what makes this company tick, explore recent developments, and analyze its strengths, weaknesses,…
