Jun 2026 (Q2 FY26) — Aug 5, 2026
Tutor Perini Q2 FY26 — Record Revenue, Operating Income, and Cash Flow; Raised EPS Guidance
Read the full callTutor Perini (TPC) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Tutor Perini earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,637 | +19.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 7.2 | +1.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 65.7 | +229.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
12 of 12 judged targets kept · 16 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Senior notes refinancing | refinance around midyear 2026 targeting 400-500 basis points of interest savings (a '6 handle' coupon) | Dec 2025 | we replaced our 11.875% senior notes with $400 million of new senior notes at a coupon rate of 6.625%, a 525 basis point reduction, and extended the notes' maturity by 4 years from 2029 to 2033 | Achieved |
| FY26 adjusted EPS guidance | $4.90 to $5.30 | Dec 2025 | we are raising our 2026 adjusted EPS guidance to the range of $5.15 to $5.45 per share, up from the previous range of $4.90 to $5.30 | Revised Up |
| Near-term cash collection from a specific legacy dispute settlement | approximately $40 million | Dec 2025 | Our cash flow this quarter was largely driven by collections from newer and ongoing projects, reflecting a significant increase in project execution and improved working capital management with only an immaterial amount attributable to the resolution of disputes | Pending |
16 of TUTOR PERINI CORP's 28 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 25 more targets are in the full ledger.
Claimed
- Record revenue of $1.6 billion, up 19% year-over-year.
- Record operating income of $118 million, up 54% year-over-year.
- Record operating cash flow of $334 million for the first half of 2026.
- Adjusted earnings per share of $1.74, up 23% compared to Q2 last year.
- Raised 2026 adjusted EPS guidance to $5.15-$5.45 from $4.90-$5.30.
Qualified
Price
$77.65 −1.27% · −$1
Performance +22.7% 1Y
1Y: $63.3 on 15 Oct 2025 → $77.65. High $99.11 (7 Aug 2026), low $58.76 (17 Nov 2025).
- Previous close
- $78.65
- 52-week range
- $58.76 – $99.11
- One year
- +20.97%
Overview
- Symbol
- TPC
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
12 of 12 judged targets kept · 16 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Senior notes refinancing | refinance around midyear 2026 targeting 400-500 basis points of interest savings (a '6 handle' coupon) | Dec 2025 | we replaced our 11.875% senior notes with $400 million of new senior notes at a coupon rate of 6.625%, a 525 basis point reduction, and extended the notes' maturity by 4 years from 2029 to 2033 | Achieved |
| FY26 adjusted EPS guidance | $4.90 to $5.30 | Dec 2025 | we are raising our 2026 adjusted EPS guidance to the range of $5.15 to $5.45 per share, up from the previous range of $4.90 to $5.30 | Revised Up |
| Near-term cash collection from a specific legacy dispute settlement | approximately $40 million | Dec 2025 | Our cash flow this quarter was largely driven by collections from newer and ongoing projects, reflecting a significant increase in project execution and improved working capital management with only an immaterial amount attributable to the resolution of disputes | Pending |
Claimed
- Record revenue of $1.6 billion, up 19% year-over-year.
- Record operating income of $118 million, up 54% year-over-year.
- Record operating cash flow of $334 million for the first half of 2026.
- Adjusted earnings per share of $1.74, up 23% compared to Q2 last year.
- Raised 2026 adjusted EPS guidance to $5.15-$5.45 from $4.90-$5.30.
Qualified
The full ledger
Open TUTOR PERINI CORP’s full ledger
A free account opens 5 company ledgers a month. All 28 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 6, 2026
Tutor Perini Q1 FY26 — Record Operating Cash Flow and Strong Backlog
Read the full callDec 2025 (Q4 FY25) — Feb 26, 2026
Tutor Perini Q4 FY25 — Record Revenue, Profitability, and Cash Flow with Robust Backlog
Read the full callEvery analysed call
Tutor Perini earnings calls (TPC)
Financials
What the filings say
Net profit, year on year: +229% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,083 | 1,068 | 1,247 | 1,374 | 1,415 | 1,507 | 1,389 | 1,637 |
| Operating profit | -107 | -86 | 65 | 76 | 40 | 50 | 59 | 118 |
| Operating margin | −9.9% | −8.1% | 5.2% | 5.6% | 2.8% | 3.3% | 4.3% | 7.2% |
| Interest | 21 | 26 | 14 | 14 | 14 | 13 | 13 | 14 |
| Profit before tax | -124 | -108 | 56 | 69 | 34 | 46 | 57 | 115 |
| Tax rate | 27.5% | 29.1% | 23.2% | 31.8% | 44.6% | 24.9% | 30.1% | 26.8% |
| Net profit | -101 | -79 | 28 | 20 | 4 | 29 | 26 | 66 |
| EPS ($ per share) | -1.92 | — | 0.53 | 0.38 | 0.07 | — | 0.49 | 1.25 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 50 | 50 | 51 | 51 | 52 | 52 | 52 | 53 |
| Reserves | 702 | 314 | 422 | 514 | 304 | 133 | -31 | 46 |
| Total liabilities | 2,600 | 3,055 | 3,503 | 3,051 | 3,101 | 3,146 | 3,084 | 3,898 |
| Fixed assets | 491 | 510 | 489 | 430 | 435 | 441 | 423 | 548 |
| Total assets | 4,388 | 4,486 | 5,046 | 4,725 | 4,543 | 4,430 | 4,243 | 5,160 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 21 | 137 | 173 | -148 | 207 | 308 | 504 | 748 |
| Cash from investing | -70 | -76 | -46 | -37 | -66 | -78 | -41 | -257 |
| Cash from financing | -29 | 22 | 123 | -55 | -79 | -109 | -393 | -185 |
| Net cash flow | -78 | 82 | 250 | -240 | 62 | 121 | 70 | 306 |
| Capital expenditure | -77 | -84 | -55 | -39 | -60 | -53 | -37 | -181 |
| Free cash flow | -56 | 52 | 118 | -187 | 147 | 256 | 466 | 567 |
TPC revenue by segment
Specialty Contractors grew from 9% to 17% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Building Group | 40% | 33% | 37% | 34% | 30% | 34% | 34% | 34% | +21.1% |
| Specialty Contractors | 9% | 15% | 14% | 13% | 16% | 17% | 16% | 16% | +47.3% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
TPC operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Backlog | $20.6BWe concluded 2025 with a robust backlog of $20.6 billion, up 10% year-over-year and had a solid book-to-burn ratio of 1.34x for the year.Source: earnings call transcript | $19.8BOur backlog remains very strong at $19.8 billion at the end of the first quarter, and we continue to expect that it will fuel much higher revenue and earnings, increased profitability and continued strong cash flow this year and beyond.Source: earnings call transcript | $19.9BWe booked $1.7 billion of new awards and contract adjustments, a book-to-burn of just over 1x, and finished the quarter again with a near-record backlog of $19.9 billion, up slightly compared to the prior quarter.Source: earnings call transcript | +0.5% |
| Orders | — | <$700MIn the first quarter, we booked nearly $700 million of new awards and contract adjustments.Source: earnings call transcript | $1.7BWe booked $1.7 billion of new awards and contract adjustments, a book-to-burn of just over 1x, and finished the quarter again with a near-record backlog of $19.9 billion, up slightly compared to the prior quarter.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q2 FY2026 · share of revenue
- US 91% ↑ 2 pt
- Non Us 9% ↓ 2 pt
As TPC cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
78 filings between Nov 15, 2025 and Aug 31, 2026.
Open market
decisions to buy or sellPurchases
$5.43M
12 purchases by 2 insiders
Sales
$218.88M
11 sales by 4 insiders
Compensation
not trading decisions- 8
- Award — granted as compensation
- 17
- Option exercise — converted options into shares
- 6
- Tax withheld — shares kept back by the company to cover tax
Also filed: 12 dispositions to the issuer, 12 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| TUTOR RONALD N | — | $197.71M | Aug 31, 2026 |
| FELTENSTEIN SIDNEY J | — | $17.88M | Aug 7, 2026 |
| ARKLEY PETER | $4.39M | — | Mar 6, 2026 |
| Lieber Robert C | — | $2.06M | May 27, 2026 |
| REISS DALE ANNE | — | $1.23M | Aug 27, 2026 |
| SMALLEY GARY G. | $1.04M | — | Mar 4, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 31, 2026 | TUTOR RONALD N Director | Sale | 800,000 | $68.46M |
| Aug 31, 2026 | TUTOR RONALD N Director | Sale | 10,000 | $898.6K |
| Aug 31, 2026 | TUTOR RONALD N Director | Sale | 1,500,000 | $128.35M |
| Aug 28, 2026 | REISS DALE ANNE Director | Gift | 600 | $0 |
| Aug 27, 2026 | REISS DALE ANNE Director | Sale | 7,400 | $680.9K |
| Aug 27, 2026 | REISS DALE ANNE Director | Sale | 6,000 | $552.4K |
| Aug 7, 2026 | FELTENSTEIN SIDNEY J Director | Sale | 32,661 | $3.12M |
| Aug 7, 2026 | FELTENSTEIN SIDNEY J Director | Sale | 52,579 | $5.06M |
| Aug 7, 2026 | FELTENSTEIN SIDNEY J Director | Sale | 62,482 | $6.13M |
| Aug 7, 2026 | FELTENSTEIN SIDNEY J Director | Sale | 36,487 | $3.56M |
| Jun 19, 2026 | DIEU HENRY SVP & Chief Accounting Officer | Tax withheld | 522 | $40.7K |
| Jun 19, 2026 | Ariqat Ghassan Executive Vice President | Tax withheld | 13,332 | $1.04M |
| Jun 19, 2026 | Jensen William E Executive Vice President | Tax withheld | 14,057 | $1.10M |
| Jun 19, 2026 | Jensen William E Executive Vice President | Option exercise | 26,203 | — |
| Jun 19, 2026 | Ariqat Ghassan Executive Vice President | Option exercise | 26,203 | — |
| Jun 19, 2026 | DIEU HENRY SVP & Chief Accounting Officer | Option exercise | 1,191 | — |
| Jun 17, 2026 | OKLAK DENNIS D Director | Gift | 8,000 | $0 |
| Jun 17, 2026 | OKLAK DENNIS D Director | Gift | 4,000 | $0 |
| May 27, 2026 | Lieber Robert C Director | Gift | 7,500 | $0 |
| May 27, 2026 | Lieber Robert C Director | Sale | 17,500 | $1.32M |
| May 20, 2026 | OKLAK DENNIS D Director | Award | 2,337 | $0 |
| May 20, 2026 | REISS DALE ANNE Director | Gift | 36,340 | $0 |
| May 20, 2026 | Shah Shahrokh Director | Award | 2,337 | $0 |
| May 20, 2026 | Jigisha Desai Director | Award | 3,992 | $0 |
| May 20, 2026 | REISS DALE ANNE Director | Gift | 36,340 | $0 |
| May 20, 2026 | REISS DALE ANNE Director | Award | 2,337 | $0 |
| May 20, 2026 | FELTENSTEIN SIDNEY J Director | Award | 3,635 | $0 |
| May 20, 2026 | ARKLEY PETER Director | Award | 2,337 | $0 |
| May 20, 2026 | ONEGLIA RAYMOND R Director | Award | 2,337 | $0 |
| May 20, 2026 | Lieber Robert C Director | Award | 2,337 | $0 |
| May 19, 2026 | Lieber Robert C Director | Sale | 10,000 | $742.5K |
| Mar 14, 2026 | Jensen William E Executive Vice President | Disposition to issuer | 6,479 | $439.0K |
| Mar 14, 2026 | Jensen William E Executive Vice President | Option exercise | 6,479 | — |
| Mar 13, 2026 | SOROKA RYAN JOSEPH Executive VP & CFO | Disposition to issuer | 4,779 | $323.8K |
| Mar 13, 2026 | SOROKA RYAN JOSEPH Executive VP & CFO | Option exercise | 4,779 | — |
| Mar 13, 2026 | SMALLEY GARY G. CEO and President | Disposition to issuer | 57,349 | $3.89M |
| Mar 13, 2026 | SMALLEY GARY G. CEO and President | Option exercise | 57,349 | — |
| Mar 13, 2026 | TUTOR RONALD N Director | Option exercise | 152,932 | — |
| Mar 13, 2026 | TUTOR RONALD N Director | Disposition to issuer | 152,932 | $10.36M |
| Mar 12, 2026 | Assouri Kristiyan D EVP and Chief Legal Officer | Disposition to issuer | 5,831 | $403.5K |
| Mar 12, 2026 | Assouri Kristiyan D EVP and Chief Legal Officer | Option exercise | 5,831 | — |
| Mar 12, 2026 | Ariqat Ghassan Executive Vice President | Disposition to issuer | 6,479 | $448.3K |
| Mar 12, 2026 | Ariqat Ghassan Executive Vice President | Option exercise | 6,479 | — |
| Mar 12, 2026 | DIEU HENRY VP & Chief Accounting Officer | Tax withheld | 1,421 | $98.3K |
| Mar 12, 2026 | DIEU HENRY VP & Chief Accounting Officer | Option exercise | 3,240 | — |
| Mar 12, 2026 | SMALLEY GARY G. CEO and President | Option exercise | 25,918 | — |
| Mar 12, 2026 | SOROKA RYAN JOSEPH Executive VP & CFO | Disposition to issuer | 5,831 | $403.5K |
| Mar 12, 2026 | SOROKA RYAN JOSEPH Executive VP & CFO | Option exercise | 5,831 | — |
| Mar 12, 2026 | SMALLEY GARY G. CEO and President | Disposition to issuer | 25,918 | $1.79M |
| Mar 12, 2026 | TUTOR RONALD N Director | Disposition to issuer | 155,509 | $10.76M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
Your own record
Start an Inve Case for TUTOR PERINI CORP
Free account. Everything above stays public.
Write why you follow TUTOR PERINI CORP and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading