TPC on NYSE

Tutor Perini

Logo: tutorperini.com5

American construction company (founded 1894)

Tutor Perini Corporation (formerly Perini Corporation) is one of the largest general contractors in the United States. It was formed by the merger of Perini Corporation and Tutor-Saliba Corporation in 2008. As of 2025, it reported annual revenue of approximately $5.54 billion.3 It was founded by Albert Garrow Tutor.1 Its shares trade on NYSE under the symbol TPC.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1894Founded1

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  • TickerTPC on NYSE1
  • Industryconstruction1
  • HeadquartersLos Angeles1
  • Websitewww.tutorperini.com
  • Incorporated inMA6
  • Business address15901 Olden Street, Sylmar, Ca 913426
  • Filer categoryLarge accelerated filer6
  • Legal formFor-Profit Corporation4
  • LEI549300FHXYVPW8LJ6D984
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressc/o C T CORPORATION SYSTEM, 155 Federal Street, Suite 700, 02110 Boston, United States4
  • Registered withCorporations Division (Secretary of the Commonwealth's Office), 0417170704

Tutor Perini Corporation (formerly Perini Corporation) is one of the largest general contractors in the United States. It was formed by the merger of Perini Corporation and Tutor-Saliba Corporation in 2008. As of 2025, it reported annual revenue of approximately $5.54 billion. Tutor Perini is headquartered in Sylmar, California, and works on construction projects throughout North America and certain overseas and international locations including Guam and the Indo-Pacific Region. Specific areas of focus are civil infrastructure such as bridges, highways, tunnels, airports, and mass transit systems, building infrastructure (healthcare, education, municipal government, detention facilities, hospitality and gaming, multi-use, office towers, multi-unit residential towers, high-technology projects), and specialty contracting (electrical, mechanical, plumbing, heating, air conditioning and ventilation (HVAC), and fire protection systems).3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

11.7%Gross margin9
4.2%Operating margin9
1.5%Net margin9
28.1%Revenue growth, 20259
6.6%Return on equity9
0.32×Debt to equity9
$567.2MFree cash flow9

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Civil brought in 53% of the revenue Tutor Perini broke down this way in fiscal 2025.

  1. Civil$3.1B953%up 36% from 2024
  2. Building Group$1.9B932%up 15% from 2024
  3. Specialty Contractors$844.0M915%up 43% from 2024
Business segments by year
Business segments202320242025
Civil$2.0B$2.2B$3.1B
Building Group$1.3B$1.6B$1.9B
Specialty Contractors$693.8M$590.4M$844.0M

Regions

United States brought in 91% of the revenue Tutor Perini broke down this way in fiscal 2025.

  1. United States$5.1B991%up 35% from 2024
  2. Outside the United States$489.7M99%down 16% from 2024
Regions by year
Regions202320242025
United States$3.4B$3.7B$5.1B
Outside the United States$442.3M$583.4M$489.7M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue88¢$4.9B
  • Other costs9¢$505.6M
  • Income tax1¢$61.4M
  • Profit1¢$80.4M

Out of $5.5B in revenue.9

Where each dollar of operating cash went, fiscal 2025

  • Capital spending24¢$180.9M
  • Dividends paid0¢$3.2M
  • Kept or used elsewhere75¢$564.0M

Out of $748.1M of cash from operations.9

Financial statements

Revenue101112139$5.5B in 2025+25% since 2019
0$2.0B$4.0B$6.0B2019: $4.5B$4.5B20192020: $5.3B$5.3B2020+20%2021: $4.6B$4.6B2021−13%2022: $3.8B$3.8B2022−18%2023: $3.9B$3.9B2023+2%2024: $4.3B$4.3B2024+12%2025: $5.5B$5.5B2025+28%
Gross profit101112139$647.5M in 2025+168% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $241.8M$241.8M20192020: $486.2M$486.2M2020+101%2021: $466.4M$466.4M2021−4%2022: $29.6M$29.6M2022−94%2023: $140.6M$140.6M2023+375%2024: $197.0M$197.0M2024+40%2025: $647.5M$647.5M2025+229%
Operating income101112139$232.0M in 2025
-$400.0M-$200.0M0$200.0M$400.0M2019: -$365.0M-$365.0M20192020: $262.3M$262.3M20202021: $226.8M$226.8M2021−14%2022: -$204.8M-$204.8M20222023: -$114.6M-$114.6M2023−44%2024: -$103.8M-$103.8M2024−9%2025: $232.0M$232.0M2025
Net income101112139$80.4M in 2025
-$400.0M-$200.0M0$200.0M2019: -$387.7M-$387.7M20192020: $108.4M$108.4M20202021: $91.9M$91.9M2021−15%2022: -$210.0M-$210.0M20222023: -$171.2M-$171.2M2023−19%2024: -$163.7M-$163.7M2024−4%2025: $80.4M$80.4M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
REVENUE$5.5B$4.3B$3.9B
COST OF OPERATIONS-$4.9B-$4.1B-$3.7B
GROSS PROFIT$647.5M$197.0M$140.6M
General and administrative expenses-$415.6M-$300.8M-$255.2M
INCOME (LOSS) FROM CONSTRUCTION OPERATIONS$232.0M-$103.8M-$114.6M
Other income, net$27.5M$19.9M$17.2M
Interest expense-$55.0M-$89.1M-$85.2M
INCOME (LOSS) BEFORE INCOME TAXES$204.5M-$173.0M-$182.6M
Income tax (expense) benefit-$61.4M$50.7M$55.0M
NET INCOME (LOSS)$143.1M-$122.3M-$127.6M
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS$62.6M$41.4M$43.6M
NET INCOME (LOSS) ATTRIBUTABLE TO TUTOR PERINI CORPORATION$80.4M-$163.7M-$171.2M
BASIC EARNINGS (LOSS) PER COMMON SHARE (in dollars per share)$1.53-$3.13-$3.30
DILUTED EARNINGS (LOSS) PER COMMON SHARE (in dollars per share)$1.51-$3.13-$3.30
BASIC (in shares)52.7M shares52.3M shares51.8M shares
DILUTED (in shares)53.4M shares52.3M shares51.8M shares

Compare Tutor Perini with another company

Corporate structure

Tutor Perini sits at the top of its group. 24 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Tutor Perini

  • Tutor Perini Los Angeles, California, United States
    • Anderson Companies, Inc. Subsidiary · Delaware, United States
    • Becho, Inc. Subsidiary · Utah, United States
    • Black Construction Corporation Subsidiary · Guam
    • Black Construction Investments, Inc. Subsidiary · Nevada, United States
    • Black Micro Corporation Subsidiary · Northern Mariana Islands
    • Desert Mechanical Inc. Subsidiary · Nevada, United States
    • FISK ACQUISITION, INC. Subsidiary · Houston, Texas, United States
    • Fisk Electric Company Subsidiary · Texas, United States
    • Five Star Electric Corp. Subsidiary · New York, United States
    • Frontier-Kemper Constructors, Inc. Subsidiary · Indiana, United States
    • GreenStar Services Corporation Subsidiary · Delaware, United States
    • Lunda Construction Company Subsidiary · Wisconsin, United States
    • Nagelbush Mechanical, Inc. Subsidiary · Florida, United States
    • PCR Insurance Company Subsidiary · Arizona, United States
    • Perini Management Services, Inc. Subsidiary · Massachusetts, United States
    • Roy Anderson Corp Subsidiary · Mississippi, United States
    • Rudolph and Sletten, Inc. Subsidiary · California, United States
    • Tutor Micronesia Construction LLC Subsidiary · Delaware, United States
    • Tutor Pacific Construction LLC Subsidiary · Delaware, United States
    • Tutor Pacific, Inc. Subsidiary · Hawaii, United States
    • Tutor Perini Building Corp. Subsidiary · Arizona, United States
    • WDF Inc. Subsidiary · New York, United States
    • WDF/Nagelbush Holding Corp Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Tutor Perini reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$44.1M9 Dec 31, 2025$44.1M9 Dec 31, 20240%
Buildings and improvements$150.0M9 Dec 31, 2025$138.8M9 Dec 31, 2024+8.1%
Machinery and equipment$681.3M9 Dec 31, 2025$609.5M9 Dec 31, 2024+11.8%
Property and equipment, before depreciation$1.1B9 Dec 31, 2025$989.3M9 Dec 31, 2024+13.0%
Accumulated depreciation$570.2M9 Dec 31, 2025$566.3M9 Dec 31, 2024+0.7%
Property and equipment, net$548.0M9 Dec 31, 2025$423.0M9 Dec 31, 2024+29.6%
Operating-lease assets (leased space)$58.6M9 Dec 31, 2025$41.7M9 Dec 31, 2024+40.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$734.6M9 Dec 31, 2025$455.1M9 Dec 31, 2024+61.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$205.1M9 Dec 31, 2025$205.1M9 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$63.8M9 Dec 31, 2025$66.1M9 Dec 31, 2024−3.4%

Properties, in its own words

We have office facilities and equipment yards in the following locations, which we believe are suitable and adequate for our current needs:

Offices · Owned or Leased by Tutor Perini · Business Segment(s)

The rest of Item 2

Los Angeles (Sylmar), CA · Owned & Leased · Corporate, Civil & Specialty Contractors

Barrigada, Guam · Owned · Civil

Black River Falls, WI · Owned · Civil

Evansville, IN · Owned · Civil

Fort Lauderdale, FL · Leased · Specialty Contractors

Framingham, MA · Owned · Building

Gulfport, MS · Owned · Building

Henderson, NV · Owned · Building

Houston, TX · Owned · Specialty Contractors

Menlo Park, CA · Leased · Building

Mount Vernon, NY · Leased · Specialty Contractors

New Rochelle, NY · Owned · Civil

Ozone Park, NY · Owned · Specialty Contractors

Equipment Yards · Owned or Leased by Tutor Perini · Business Segment(s)

Black River Falls, WI · Owned · Civil

Evansville, IN · Owned · Civil

Hilbert, WI · Owned · Civil

Palmdale, CA · Owned · Civil

Rosemount, MN · Owned · Civil

Stockton, CA · Owned · Building

Waukesha, WI · Owned · Civil

Item 2 of the 10-K filed Feb 26, 2026.17

The story

Founded by Albert Garrow Tutor in 1894.1

A.G. Tutor Company, Inc

In 1949, Albert G. Tutor launched a family construction business, A.G. Tutor Company, Inc. His son Ronald joined the company in 1963, and the company expanded under his leadership. In 1972, the company partnered with N.M. Saliba. In 1981, Ron Tutor took the reins as president of the Tutor-Saliba Corporation.

Perini Corporation

Perini Corporation was founded in 1894 in Ashland, Massachusetts by a stonemason named Bonfiglio Perini. The company grew to become one of the region's most recognized heavy construction contractors. From 1931 to 2009, Perini was headquartered in Framingham, Massachusetts.

Under the direction of Bonfiglio's grandson, Lou Perini, the company moved into the real-estate business, developing|4500 acres in Palm Beach County, Florida. Later real-estate ventures were less successful, leaving Perini deeply in debt by the mid-1990s.

Tutor Perini Corporation

In 1997, Ron Tutor helped Perini Corp. recapitalize alongside investor Richard Blum. Tutor became CEO of Perini in 2000 and merged Perini with Tutor-Saliba in 2008 in a transaction valued at $862 million.

Perini was originally listed OTC on June 15, 1961, then subsequently listed on AMEX on May 12, 1970, then listed on the NYSE on April 1, 2004. It was headquartered in Framingham, Massachusetts until relocating to Sylmar, California in 2009.

In May 2009, Perini shareholders voted to change the company's name to Tutor Perini Corporation.

From Wikipedia’s article on Tutor Perini, shared under CC BY-SA 4.0.7

Leadership

Who has led Tutor Perini, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (38)

Products and brands

Civil

Tutor Perini Civil

Frontier-Kemper Constructors, Inc.

Lunda Construction Company

Read the full text

Black Construction Corporation

Becho, Inc.

Building

Tutor Perini Building Corp.

Rudolph and Sletten, Inc.

Roy Anderson Corp

Perini Management Services, Inc.

Specialty

Desert Mechanical, Inc.

Fisk Electric Company

Five Star Electric

Nagelbush Mechanical

WDF Inc.

From Wikipedia’s article on Tutor Perini, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Owners

Subsidiaries (Exhibit 21)

  • Anderson Companies, Inc. Delaware8
  • Becho, Inc. Utah8
  • Black Construction Corporation Guam8
  • Black Construction Investments, Inc. Nevada8
  • Black Micro Corporation Northern Mariana Islands8
  • Desert Mechanical Inc. Nevada8
  • Fisk Acquisition, Inc. Delaware8
  • Fisk Electric Company Texas8
  • Five Star Electric Corp. New York8
  • Frontier-Kemper Constructors, Inc. Indiana8
  • GreenStar Services Corporation Delaware8
  • Lunda Construction Company Wisconsin8
  • Nagelbush Mechanical, Inc. Florida8
  • PCR Insurance Company Arizona8
  • Perini Management Services, Inc. Massachusetts8
  • Roy Anderson Corp Mississippi8
  • Rudolph and Sletten, Inc. California8
  • Tutor Micronesia Construction LLC Delaware8
  • Tutor Pacific Construction LLC Delaware8
  • Tutor Pacific, Inc. Hawaii8
  • Tutor Perini Building Corp. Arizona8
  • WDF Inc. New York8
  • WDF/Nagelbush Holding Corp Delaware8

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Acquisitions

In 2003, Perini acquired Florida-based James A. Cummings Inc.

In 2005, the company acquired Cherry Hill Construction, a Maryland-based contractor, and California-based Rudolph & Sletten, Inc.

January 2008, Perini acquired Desert Heating and Cooling (later renamed Desert Mechanical), a southwestern U.S. mechanical contractor

In 2009, Perini acquired Black Construction, based in Guam.

Read the full text

In January 2009, the corporation acquired Philadelphia-based building contractor Keating Building Corporation.

November 1, 2010 - Superior Gunite, a structural concrete firm headquartered in Lakeview Terrace, California.

January 3, 2011 – Fisk Electric, a provider of electrical and technological services headquartered in Houston.

April 4, 2011 – Anderson Companies, a general contractor headquartered in Gulfport, Mississippi.

June 1, 2011 – Frontier-Kemper Constructors, a provider of numerous construction services including civil construction, mine development, drilling, tunneling, and electrical services headquartered in Evansville, Indiana.

July 1, 2011 – Lunda Construction Company, provider of various construction services such as the construction, rehabilitation, and maintenance of bridges, railroads, and other civil structures headquartered in Black River Falls, Wisconsin.

July 1, 2011 – GreenStar Services Corporation, an electrical and mechanical services provider that is composed of three operating entities: Five Star Electric Corporation, WDF, and Nagelbush.

August 18, 2011 – Becho, Inc., a specialty construction company incorporated in 1979.

From Wikipedia’s article on Tutor Perini, shared under CC BY-SA 4.0.7

Former names

  • PERINI CORPFeb 14, 1994 to May 8, 20096

Timeline

  1. Oct 13, 20268-K Executive or director change70
  2. Aug 14, 20268-K Executive or director change71
  3. Aug 5, 20268-K Results of operations72
  4. Jul 6, 20268-K Entered a material agreement; New debt or obligation; Other events73
  5. Jun 22, 20268-K Regulation FD disclosure74
  6. May 26, 20268-K Executive or director change; Shareholder vote75
  7. May 6, 20268-K Results of operations76
  8. Feb 26, 20268-K Results of operations77
  9. Nov 18, 20258-K Regulation FD disclosure78
  10. Nov 5, 20258-K Results of operations79
  11. Aug 6, 20258-K Results of operations80
  12. Jun 20, 20258-K Executive or director change81
  13. Mar 14, 2025New chief executive Gary G. Smalley becomes CEO18
  14. Sep 10, 2019New chief executive Jean Jamil Abiassi becomes CEO19
  15. Jul 13, 2007Went public Listed on NYSE1
  16. May 9, 2007New chief executive Craig W. Shaw becomes CEO20
  17. Nov 14, 2003New chief executive Ronald N. Tutor becomes CEO21
  18. 1894Founded Founded1

Calendar

Coming up

  1. Nov 4, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $1.15 a share, on Nov 5, 2025.82

When it reported results

  1. Aug 5, 2026Reported quarterly or annual results72
  2. May 6, 2026Reported quarterly or annual results76
  3. Feb 26, 2026Reported quarterly or annual results77
  4. Nov 5, 2025Reported quarterly or annual results79
  5. Aug 6, 2025Reported quarterly or annual results80
  6. May 7, 2025Reported quarterly or annual results83
  7. Feb 27, 2025Reported quarterly or annual results84
  8. Nov 6, 2024Reported quarterly or annual results85

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

313 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 50 major events, 159 insider forms, 31 large holders, 53 other. The latest 20:

  1. Oct 13, 20268-K EDGAR
  2. Sep 2, 2026SCHEDULE 13D/A EDGAR
  3. Sep 2, 20264 EDGAR
  4. Aug 31, 2026144 EDGAR
  5. Aug 31, 2026144 EDGAR
  6. Aug 31, 2026144 EDGAR
  7. Aug 28, 20264 EDGAR
  8. Aug 27, 2026144 EDGAR
  9. Aug 27, 2026144 EDGAR
  10. Aug 14, 20268-K EDGAR
  11. Aug 11, 20264 EDGAR
  12. Aug 7, 2026144 EDGAR
  13. Aug 6, 2026SCHEDULE 13G/A EDGAR
  14. Aug 5, 202610-Q EDGAR
  15. Aug 5, 20268-K EDGAR
  16. Jul 6, 20268-K EDGAR
  17. Jun 23, 20264 EDGAR
  18. Jun 23, 20264 EDGAR
  19. Jun 23, 20264 EDGAR
  20. Jun 22, 20268-K EDGAR

The 313 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

61 open-market trades by officers, directors and large owners since October 2021: 8 buys and 53 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 31, 2026TUTOR RONALD NDirectorSale2,310,000$85.59$197.7MForm 4
Aug 27, 2026REISS DALE ANNEDirectorSale13,400$92.04$1.2MForm 4
Aug 7, 2026FELTENSTEIN SIDNEY JDirectorSale184,209$97.05$17.9MForm 4
May 27, 2026Lieber Robert CDirectorSale17,500$75.36$1.3MForm 4
May 19, 2026Lieber Robert CDirectorSale10,000$74.25$742.5KForm 4
Mar 6, 2026ARKLEY PETERDirectorBuy8,117$73.02$592.7KForm 4
Mar 5, 2026ARKLEY PETERDirectorBuy10,999$72.44$796.8KForm 4
Mar 4, 2026ARKLEY PETERDirectorBuy5,884$73.85$434.5KForm 4
Mar 4, 2026SMALLEY GARY G.CEO and PresidentBuy10,000$73.24$732.4KForm 4
Nov 25, 2025ARKLEY PETERDirectorBuy15,147$64.39$975.4KForm 4
Nov 24, 2025ARKLEY PETERDirectorBuy24,853$63.96$1.6MForm 4
Nov 19, 2025SMALLEY GARY G.CEO and PresidentBuy5,000$61.08$305.4KForm 4
Sep 18, 2025TUTOR RONALD NDirectorSale83,144$64.94$5.4MForm 4
Sep 18, 2025FELTENSTEIN SIDNEY JDirectorSale124,668$65.96$8.2MForm 4
Sep 17, 2025TUTOR RONALD NDirectorSale116,856$64.21$7.5MForm 4
Sep 17, 2025FELTENSTEIN SIDNEY JDirectorSale332$65.00$21.6KForm 4
Sep 3, 2025TUTOR RONALD NDirectorSale44,312$59.13$2.6MForm 4
Aug 28, 2025TUTOR RONALD NDirectorSale80,660$59.95$4.8MForm 4
Aug 26, 2025TUTOR RONALD NDirectorSale106,832$59.06$6.3MForm 4
Aug 25, 2025TUTOR RONALD NDirectorSale88,196$59.19$5.2MForm 4

All 61 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Gary G. SmalleyCEO and President67$1.2M$10.0M93
2025William E. JensenExecutive Vice President - Western Civil$775.4K$7.6M93
2025Ghassan M. AriqatExecutive Vice President, Building and Specialty Contractors Groups$800.0K$7.4M93
2025Ryan J. SorokaExecutive Vice President and Chief Financial Officer$645.2K$2.8M93
2025Kristiyan D. AssouriExecutive Vice President, Chief Legal Officer and Corporate Compliance Officer$625.0K$2.8M93
2024Gary G. SmalleyCEO and President67$1.1M$8.8M93
2024Ghassan M. AriqatExecutive Vice President, Building and Specialty Contractors Groups$775.0K$2.0M93
2024Ryan J. SorokaExecutive Vice President and Chief Financial Officer$587.5K$1.7M93
2024Kristiyan D. AssouriExecutive Vice President, Chief Legal Officer and Corporate Compliance Officer$531.3K$1.1M93
2023Gary G. SmalleyCEO and President67$1.0M$6.6M93
2023Ghassan M. AriqatExecutive Vice President, Building and Specialty Contractors Groups$700.0K$3.3M93
2023Ryan J. SorokaExecutive Vice President and Chief Financial Officer$479.2K$1.2M93

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.4,317,806$358.2M0.0%−79,593
American Century Companies Inc2,283,291$189.4M0.1%+502,424
Capital International Investors2,259,813$187.5M0.0%+752,159
Vanguard Capital Management LLC1,976,418$164.0M0.0%+5,717
First Trust Advisors LP1,813,442$150.5M0.1%+454,543
Dimensional Fund Advisors LP1,685,087$139.8M0.0%−47,167
Gendell Jeffrey L1,539,141$127.7M1.2%+288,414
Geode Capital Management, LLC1,300,095$107.9M0.0%+82,314
State Street Corp1,078,520$89.5M0.0%+60,424
Principal Financial Group Inc950,113$78.8M0.0%+175,998
Renaissance Technologies LLC800,280$66.4M0.1%−29,700
Vanguard Portfolio Management LLC786,582$65.3M0.0%+60,938
Fmr LLC726,970$60.3M0.0%+103,993
Morgan Stanley717,124$59.5M0.0%−7,164
Jacobs Levy Equity Management, Inc604,657$50.2M0.2%+160,437
Fred Alger Management, LLC599,189$49.7M0.2%−210,548
Charles Schwab Investment Management Inc561,825$46.6M0.0%−42,478
Boston Partners560,943$46.5M0.0%+110,155
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.548,512$45.5M0.1%+41,643
Nuveen, LLC547,501$45.4M0.0%+73,693
Donald Smith & Co., Inc.487,004$40.4M0.7%−826,285
Qube Research & Technologies Ltd452,982$37.6M0.0%+180,245
Northern Trust Corp440,385$36.5M0.0%+40,329
Algert Global LLC383,138$31.8M0.4%+55,584
Aqr Capital Management LLC378,624$31.4M0.0%−50,118

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Tutor Perini is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTUTOR PERINI CORP2
  • CIK0000077543
  • Employer ID (EIN)04-171707017
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company17
  • Incorporated inMassachusetts17
  • Fiscal year endsDecember 312
  • Industry code (SIC)1540 General Bldg Contractors - Nonresidential Bldgs2
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance2
  • Business address15901 Olden Street, Sylmar, CA 913422
  • Phone818-362-83912
  • Shares outstanding52,569,117 as of Jul 30, 202615
  • Public float$2.1B as of Jun 30, 202517
  • AuditorDeloitte & Touche LLP, Los Angeles, California PCAOB ID 34; it also attests to the company’s internal control over financial reporting17
  • On EDGAR sinceFeb 14, 19942
  • Filings1,675 in all: 4 (822), 8-K (250), 10-Q (98), SC 13G/A (68), SC 13D/A (46), SC 13G (45), 144 (37), 3 (36)2
    All 54 form types

    DEF 14A (35), 10-K (33), UPLOAD (32), CORRESP (21), DEFA14A (18), S-8 (13), S-8 POS (13), 424B3 (9), PRE 14A (8), SC 13D (8), PRER14A (7), 10-K/A (6), 4/A (6), 8-K/A (5), SCHEDULE 13G (5), SCHEDULE 13G/A (5), 10-Q/A (4), ARS (4), S-1/A (4), SCHEDULE 13D/A (3), 424B1 (2), 5 (2), EFFECT (2), POS AM (2), POS EX (2), S-1 (2), S-4/A (2), SC TO-I/A (2), 15-12G (1), 25-NSE (1), 8-A12B (1), 8-A12B/A (1), CERTNYS (1), DEFM14A (1), DEFR14A (1), DEFS14A (1), FWP (1), NT 10-Q (1), PREM14A (1), RW (1), S-2 (1), S-3 (1), S-3/A (1), S-3ASR (1), S-4 (1), SC TO-I (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Apr 9, 2026
    Latest 8-K (8-K) Oct 13, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $1.00 par valueTPCNew York Stock Exchange

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).17

Risk factors and legal proceedings

The risks Tutor Perini names in Item 1A of its 10-K filed Feb 26, 2026: 26 risks under these headings, as written.17

  • Risks Related to Our Business and Operations
  • If we are unable to accurately estimate contract risks, revenue or costs, we may incur a loss or achieve lower than anticipated profit.
  • 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.
  • Economic factors, such as inflation, tariffs, the timing of new awards, or the pace of project execution, have resulted and may continue to result in losses or lower than anticipated profit.
  • Our actual results could differ from the estimates and assumptions used to prepare our financial statements.
  • A significant slowdown or decline in economic conditions, such as those presented during a recession, could adversely affect our operations.
  • The construction services industry is highly schedule driven, and our failure to meet the schedule requirements of our contracts could adversely affect our reputation and/or expose us to financial liability.
  • Decreases or delays in the level of federal, state and local government spending for infrastructure and other public projects could adversely affect the number of projects available to us in the future.
  • Systems and information technology interruption and breaches in data security and/or privacy could adversely impact our ability to operate and negatively impact our operating results.
  • We require substantial personnel, including construction and project managers and specialty subcontractor resources, to execute and perform on our contracts in backlog. The successful execution of our business strategies is also dependent upon our ability to attract and retain our key officers, as well as adequately plan for their succession.
  • Weather conditions and other events outside our control can significantly affect our revenue and profitability.
The other 15 risks
  • We are subject to risks related to government contracts (including government shutdowns and funding considerations) and related procurement regulations.
  • 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.
  • Our participation in construction joint ventures exposes us to liability and/or harm to our reputation for failures by our partners.
  • We may not fully realize the revenue value reported in our backlog due to cancellations or reductions in scope, including as a result of government-related mandates.
  • Competition for new project awards is intense, and our failure to compete effectively could reduce our market share and profits.
  • We could be adversely affected by violations of the U.S. Foreign Corrupt Practices Act and similar worldwide anti-bribery laws.
  • Public health crises, such as COVID-19, have adversely impacted, and could in the future adversely impact, our business, financial condition and results of operations.
  • Physical and regulatory risks related to climate change could have a material adverse impact on our business, financial condition and results of operations.
  • In connection with mergers and acquisitions, we have recorded goodwill and other intangible assets that could become impaired and adversely affect our operating results. Assessing whether impairment has occurred requires us to make significant judgments and assumptions about the future, which are inherently subject to risks and uncertainties, and if actual events turn out to be materially less favorable than the judgments we make and the assumptions we use, we may be required to record impairment charges in the future.
  • Risks Related to Our Capital Structure
  • An inability to obtain bonding could have a negative impact on our operations and results.
  • We have a substantial amount of indebtedness with restrictive covenants which could adversely affect our financial position and prevent us from fulfilling our obligations under our debt agreements.
  • Downgrades in our credit ratings could have a material adverse effect on our business and financial condition.
  • Risk Related to Our Stock Ownership
  • Our executive chairman could exert influence over the Company due to his position and significant ownership interest.
  • General Risk Factors
  • The market price of our common stock may fluctuate significantly, which could result in substantial losses for shareholders and subject us to litigation.
  • We cannot guarantee the timing, amount, or payment of dividends on our common stock or that we will repurchase our common stock pursuant to our stock repurchase program.

Legal proceedings

Legal proceedings are discussed in Note 8 of the Notes to Consolidated Financial Statements and are incorporated herein by reference.

The opening of Item 3, Legal Proceedings.17

Sources

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