Tutor Perini Corporation, a long-standing construction firm founded in 1894 and based in Sylmar, California (which operated as Perini Corporation until 2009), ...
Plutux is not an investment adviser. Market data and AI-generated analysis are for information and education only, not investment advice. Disclaimer
Est. EPS $0.80 · Revenue $1.63B · 1 analysts
Est. EPS $0.75 · Revenue $1.67B · 1 analysts
Est. EPS $3.25 · Revenue $6.36B · 2 analysts
Est. EPS $1.02 · Revenue $1.61B · 1 analysts
$0.18 per share
$0.18 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $5.5B | +28.1% | +17.8% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $80.4M | +149.1% | +155.8% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +11.7% | +156.5% | +16.0% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +4.2% | +274.5% | +68.8% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +1.5% | +138.4% | +117.2% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $567.2M | +21.7% | +19.2% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +10.2% | -5.0% | +1.2% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 38.6% | -17.9% | -4.4% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.27x | -9.8% | +0.6% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $5.2B | +21.6% | +4.4% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 1.51 vs 1.55 | -2.8% | 1.23 vs 0.80 | +53.7% |
| Revenue Surprise | $5.5B vs $5.4B | +2.9% | $1.6B vs $1.6B | +0.4% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 31, 2026 | TUTOR RONALD N | director, other: Executive Chairman | Common Stock | D | 1,500,000 | $85.57 |
| Aug 31, 2026 | TUTOR RONALD N | director, other: Executive Chairman | Common Stock | D | 800,000 | $85.57 |
| Aug 31, 2026 | TUTOR RONALD N | director, other: Executive Chairman | Common Stock | D | 10,000 | $89.86 |
| Aug 28, 2026 | REISS DALE ANNE | director | Common Stock | D | 600 | — |
| Aug 27, 2026 | REISS DALE ANNE | director | Common Stock | D | 7,400 | $92.02 |
Good day, ladies and gentlemen, and welcome to the Tutor Perini Corporation second quarter 2026 earnings conference call. My name is Rochelle and I will be your coordinator for today. All participants are currently in a listen-only mode. Following management's prepared remarks, we will be opening the call for a question and answer session. As a reminder, this conference is being recorded for replay purposes. If you would like to ask a question at that time, please press star one on your telephone keypad. A confirmation tone will indicate your line is in the question queue. You may press star two to remove yourself from the queue. For participants using speaker equipment, it may be necessary to pick up the handset before pressing the star keys. I will now turn the conference over to your host for today, Mr. Jorge Casado, Senior Vice President of Investor Relations. Please proceed.
Hello, everyone, thank you for joining us. With us today are Gary Smalley, CEO and President, and Ryan Soroka, Executive Vice President and CFO. Before we discuss our results, I'll remind everyone that during this call, we will be making forward-looking statements, which are based on management's current assessment of existing trends and information. There is an inherent risk that our actual results could differ materially. You can find our disclosures about risk factors that could contribute to such differences in our Form 10-Q, which we are filing today, and in our Form 10-K, which was filed on February 26, 2026. The company assumes no obligation to update forward-looking statements, whether due to new information, future events, or otherwise, other than as required by law. During today's call, management will be referring to certain non-GAAP financial measures. You can find information and a reconciliation of these non-GAAP financial measures in our earnings release and in our Form 10-Q, both of which can be found in the investors section of our website. Thank you. With that, I'll turn over the call to Gary Smalley.
Thanks, Jorge. Hello, everyone, thank you for joining us. We had an excellent second quarter, delivering very strong results, highlighted by record revenue and operating income, record operating cash flow of $334 million for the first half of 2026, and meaningfully and sequentially improved operating margins across all segments. Our record cash flow so far this year has been driven by higher volume and solid execution and collections on various large projects that are very profitable. Our second quarter revenue increased 19% year-over-year to $1.6 billion, driven by contributions from projects that are in the very early stages with significant scope of work remaining. With strong revenue growth, we generated operating income of $118 million, up 54% year-over-year, and produced an outstanding $1.74 of adjusted earnings per share, up 23% compared to the second quarter of last year. Ryan will discuss the details of our financial results shortly, including some …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Ronald N. Tutor | Executive Chairman of the Board | USD 10,204,689 | Male | 1940 | Active |
Gary G. Smalley | CEO, President & Director | USD 4,348,209 | Male | 1959 | Active |
William E. Jensen | Executive Vice President of Western Civil | USD 2,893,093 | Male | 1960 | Active |
Ghassan Ariqat | Executive Vice President of Building & Specialty Contractors Groups | USD 2,646,899 | Male | 1958 | Active |
Ryan Joseph Soroka | Executive Vice President & Chief Financial Officer | USD 1,549,209 | Male | 1983 | Active |
Craig W. Shaw | Executive Vice President | USD 1,532,131 | Male | 1955 | Active |
Kristiyan D. Assouri | Executive Vice President, Chief Legal Officer & Corporate Compliance Officer | USD 1,508,521 | Female | 1971 | Active |
Jorge Casado | Vice President of Investor Relations & Corporate Communications | — | Male | 1969 | Active |
William J. Palmer | Executive Vice President & Chief Business Development Officer | — | Male | — | Active |
Henry Dieu | VP & Chief Accounting Officer | — | Male | 1986 | Active |
On August 27, 2026, Tutor Perini Corp (TPC) shares rose 3.9% to $91.95, marking a notable increase within its 52-week range of $56.62 to $102.30. The stock has
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
I reiterate Tutor Perini as a Strong Buy with a $125 price target, reflecting durable margin expansion and robust cash generation. Q2 2026 results confirm the transition to higher-margin megaprojects, with record $1.64B revenue (+19% y/y) and $117.7M construction income (+54%). Management raised 2026 adjusted EPS guidance to $5.15–$5.45 and expects 2027 EPS to be substantially higher, supported by strong backlog earnings visibility.
HRTG, TPC and MTG made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 26th, 2026.
Algert Global LLC increased its holdings in shares of Tutor Perini Corporation (NYSE: TPC) by 17.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 383,138 shares of the construction company's stock after purchasing an additional 55,584 shares during the quarter. Tutor
