Tutor Perini Corporation (TPC) Stock Price & Analysis
Tutor Perini Corporation (TPC) closed at USD 76.88 on Thursday, October 22, 2026, down 4.09% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 80.16; the Oct 22, 2026 session ranged USD 75.94–78.49 on volume of 325,766 shares. Market capitalization is $4.05B, with a 52-week range of USD 57.9–102.3 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:07 UTC.
Also available as compact Markdown for AI agents: nexqual.com/TPC.md
Key facts (TPC)
- Last four reported quarters (through Jun 30, 2026): revenue $5.95B, net income $124M (2.1% margin), free cash flow $621M (SEC filings).
- Valuation: P/E 32.6x (avg 44.5x at the last 1 fiscal year-ends), EV/EBITDA 11.2x, net cash $542M.
- 1 of 80 tracked superinvestors hold TPC (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $219M; 5 not under a Rule 10b5-1 plan ($219M); 1 by opportunistic insiders (1 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (4 analysts), mean target USD 116.25 (range 105–125).
- Total return with dividends: 1Y +14.0% vs S&P 500 +14.9%; 5Y +460.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 1.34, revenue estimate $1.63B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (TPC)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $4.64B | $3.79B | $3.88B | $4.33B | $5.54B | $5.95B |
| Gross profit | $466M | $29.6M | $141M | $197M | $648M | — |
| Operating income | $227M | -$205M | -$115M | -$104M | $232M | $267M |
| Net income | $91.9M | -$210M | -$171M | -$164M | $80.4M | $124M |
| EPS (diluted) | $1.79 | -$4.09 | -$3.30 | -$3.13 | $1.51 | — |
| Free cash flow | -$187M | $147M | $256M | $466M | $567M | $621M |
| Gross margin | 10.0% | 0.8% | 3.6% | 4.6% | 11.7% | — |
| Operating margin | 4.9% | -5.4% | -3.0% | -2.4% | 4.2% | 4.5% |
| Net margin | 2.0% | -5.5% | -4.4% | -3.8% | 1.5% | 2.1% |
| Revenue growth | -12.7% | -18.3% | +2.4% | +11.5% | +28.1% | — |
| Cash + short-term investments | $202M | $259M | $381M | $455M | $735M | — |
| Total debt | $994M | $958M | $900M | $534M | $407M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (TPC)
P/E 32.6x · P/S 0.7x · EV/EBITDA 11.2x · EV/Sales 0.6x · P/FCF 6.5x · P/B 3.2x · FCF yield 15.36% · Earnings yield 3.06% · Net cash $542M · EV $3.50B
P/E at fiscal year-ends: Dec 2025 44.5x.
Superinvestors (SEC 13F-HR, Q2 2026) (TPC)
1 of 80 tracked investors hold TPC. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Bill Miller | Miller Value Partners | 0.05% | $205K | Reduced -11.6% |
Insider sales (SEC Form 4, open-market, last ~7 months) (TPC)
0 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-31 | Tutor Ronald N | Director | 2,310,000 | $198M | 36.2% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-27 | Reiss Dale Anne | Director | 13,400 | $1.2M | 13.2% | No | Too little history (no open-market trades in 2024 or 2025) |
| 2026-08-07 | Feltenstein Sidney J | Director | 184,209 | $17.9M | 96.5% | No | Too little history (no open-market trades in 2024) |
| 2026-05-27 | Lieber Robert C | Director | 17,500 | $1.3M | 11% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-19 | Lieber Robert C | Director | 10,000 | $743K | 5.7% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (TPC)
Consensus Buy (mean 2.00 on a 1–5 scale), 4 analysts; mean target USD 116.25 (low 105, high 125).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-06 | UBS | Target raised | Buy | $98 → $105 |
Total return (dividends reinvested) (TPC)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +14.0% | +460.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +14.1% | +41.0% |
| Volatility (annualized) | 49.6% | 54.9% |
| Max drawdown | -29.3% (May 2026→Jun 2026) | -67.5% (Nov 2021→Apr 2023) |
TPC revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Civil | $816.2M | 49.9% | +11.2% |
| Building | $559.6M | 34.2% | +21.1% |
| Specialty Contractors | $261.3M | 16.0% | +47.3% |
| Total revenue | $1.64B | 100% | — |
TPC revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Mass transit (includes certain transportation and tunneling projects) | $476.4M | 29.1% | +13.2% |
| — Healthcare facilities (part of Mass transit (includes certain transportation and tunneling projects)) | $295.5M | 18.0% | +26.6% |
| — Bridges (part of Mass transit (includes certain transportation and tunneling projects)) | $109.5M | 6.7% | +5.2% |
| — Detention facilities (part of Mass transit (includes certain transportation and tunneling projects)) | $40.1M | 2.5% | +3.6% |
| — Power and energy (part of Mass transit (includes certain transportation and tunneling projects)) | $32.2M | 2.0% | -15.4% |
| Military facilities | $101.3M | 6.2% | -0.3% |
| Other | $56.7M | 3.5% | +82.4% |
| Government | $44.8M | 2.7% | -28.9% |
| Commercial and industrial facilities | $38.1M | 2.3% | +13.6% |
| Education facilities | $28.8M | 1.8% | -21.6% |
| Multi-unit residential | $22.4M | 1.4% | -2.3% |
| Total revenue | $1.64B | 100% | — |
TPC revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $1.49B | 90.8% | +20.5% |
| Foreign and U.S. territories | $150.6M | 9.2% | +7.3% |
| Total revenue | $1.64B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
TPC customer concentration
In the period ended Jun 30, 2026, 2 direct customers each accounted for at least 10% (14.4%, 10.2%) of revenue, per the company's 10-Q filed Aug 5, 2026. The company does not name them.
TPC company outlook (results filed Aug 5, 2026)
- “Over the first six months of 2026, the Company has delivered double-digit year-over-year growth across all three segments, with growing and sustainable business momentum driven by increased project execution activities on various large projects, all of which have significant scope of work remaining.”
Quoted word-for-word from the SEC 8-K results press release.
TPC analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.34 | $1.45 | -7.9% | $1.63B | 2 |
| Next quarter (ends Dec 2026) | $1.28 | $1.41 | -8.6% | $1.68B | 2 |
| Current fiscal year (ends Dec 2026) | $5.38 | $5.10 | +5.4% | $6.38B | 3 |
| Next fiscal year (ends Dec 2027) | $6.07 | $6.09 | -0.3% | $7.19B | 3 |
TPC options: expected move
Options price a move of about ±14.6% (±$11.25) by Nov 20, 2026, which includes earnings on Nov 4, 2026. Over the last 8 reports the stock moved ±16.8% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 64.9% | ±14.6% |
| Dec 18, 2026 | 56 | 58.1% | ±18.3% |
| Jan 15, 2027 | 84 | 50.2% | ±19.3% |
| Apr 16, 2027 | 175 | 50.2% | ±27.5% |
30-day implied volatility 63.8% vs 35.4% realized over the last 30 trading days. Put/call ratio (volume) 0.13. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:07 UTC)
| Price | USD 76.88 |
|---|---|
| Change | ▼ 4.09% (down) |
| Previous Close | USD 80.16 |
| Open | USD 78.42 |
| Day Range | USD 75.94 – 78.49 |
| 52-Week Range | USD 57.9 – 102.3 |
| Volume | 325,766 shares |
| Market Cap | $4.05B |
| Exchange | NYQ |
Technical Analysis (TPC)
Nexqual's technical model rates TPC "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:07 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 34.31 (neutral) |
| vs SMA50 | Below (USD 86.08) |
| MACD | -2.21 (negative) |
Analyst Ratings (TPC)
Wall Street analysts rate TPC "Buy" based on 4 analysts, with a mean price target of USD 116.25 (range USD 105–125), per Nexqual as of October 23, 2026 at 10:07 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 4 |
| Mean Target | USD 116.25 |
| High Target | USD 125 |
| Low Target | USD 105 |
| Buy / Hold / Sell | 4 / 0 / 0 |
Earnings (TPC)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 1.34 |
| Revenue Estimate | $1.63B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.74 vs est 1.26 ▲ beat |
| 2026-03-31 | USD 1.03 vs est 0.96 ▲ beat |
| 2025-12-31 | USD 0.54 vs est 0.92 ▼ miss |
| 2025-09-30 | USD 1.15 vs est 0.89 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
Financials & Fundamentals (TPC)
| Total Revenue | $5.95B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +19.20% |
| Gross Margin | +11.48% |
| Operating Margin | +7.22% |
| Profit Margin | +2.08% |
| ROE | +13.74% |
| Debt / Equity | 0.35 |
| Current Ratio | 1.29 |
| Total Cash | $938.21M |
| Total Debt | $464.86M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $621.33M (10.4% of revenue) |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
Financial Health Score (TPC)
Nexqual rates Tutor Perini Corporation's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 10:07 UTC.
| Growth | Strong — Revenue +28% YoY (annual) |
|---|---|
| Profitability | Weak — Gross margin 11%, operating 7% (last 12 months) |
| Balance Sheet | Solid — $938M cash and investments vs $396M debt (Jun 2026, SEC), net cash |
| Cash Flow | Solid — FCF $621M (last 4 quarters to Jun 2026, SEC), 10% margin |
| Efficiency | Mixed — ROE 14%, ROA 3.3% |
Ownership (TPC)
| Insider Ownership | +9.93% |
|---|---|
| Institutional Ownership | +83.76% |
| Shares Outstanding | 52.61M |
| Float | 47.31M |
| Short % of Float | +4.97% |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
Leadership (TPC)
Tutor Perini Corporation is led by Gary G. Smalley, CEO, President & Director, per Nexqual as of October 23, 2026 at 10:07 UTC.
| CEO, President & Director | Gary G. Smalley |
|---|---|
| Executive Chairman of the Board | Ronald N. Tutor |
| Executive VP & CFO | Ryan Joseph Soroka |
| Executive Vice President of Building & Specialty Contractors Groups | Ghassan M. Ariqat |
| Vice President of Investor Relations & Corporate Communications | Jorge Casado |
Major Backers & Investors (TPC)
Notable institutional backers of Tutor Perini Corporation include American Century Companies Inc, Capital International Investors, SmallCap World Fund Inc, according to Nexqual as of October 23, 2026 at 10:07 UTC.
Active Investors
| Investor | Stake |
|---|---|
| American Century Companies Inc | 4.34% |
| Capital International Investors | 4.3% |
| SmallCap World Fund Inc | 4.18% |
| First Trust Advisors LP | 3.45% |
| First TRT Exch-Trd Fd. VI-First TRT RBA American Industrial Renaissanc | 3.06% |
| Gendell, Jeffrey L. | 2.93% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 8.21% |
| Vanguard Group | 3.76% |
| Dimensional Fund Advisors | 3.2% |
| Geode Capital | 2.47% |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
From Tutor Perini Corporation's Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- Our financial strength, outstanding record of performance on challenging civil works projects, and vertical integration capabilities often enable us to pre-qualify for projects in situations where smaller, less diversified contractors are unable to meet the qualification requirements.
- We believe this is a competitive advantage that allows us to self-perform a greater amount of work and makes us an ideal lead contractor for the largest, most complex infrastructure projects and on prestigious design-build, design-build-operate-maintain and public-private partnership projects.
Legal & Regulatory Risks (Item 1A, quoted)
- We are involved in a significant number of legal proceedings which, if determined unfavorable to us, could adversely affect our financial results and/or cash flows, harm our reputation and/or preclude us from bidding on future projects. We also may invest significant working capital on projects while legal proceedings are being settled.
- Our contracts often require us to perform extra work beyond the initial project scope, which can result in disputes or claims and adversely affect our working capital, profits and cash flows.
- Our international operations expose us to economic, political, regulatory and other risks, as well as uncertainty related to U.S. government funding, which could adversely affect our revenue and earnings.
- We could be adversely affected by violations of the U.S. Foreign Corrupt Practices Act and similar worldwide anti-bribery laws.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| AGX | Argan, Inc. | USD 330.3 | ▼ 4.5% |
| ROAD | Construction Partners, Inc. | USD 83.93 | ▼ 1.19% |
| GVA | Granite Construction Incorporat | USD 107.45 | ▼ 2.08% |
| ECG | Everus Construction Group, Inc. | USD 97.05 | ▼ 8.44% |
| KBR | KBR, Inc. | USD 39.53 | ▲ 5.95% |
| FLR | Fluor Corporation | USD 43.42 | ▼ 6.44% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:07 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt