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Tutor Perini (TPC) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Tutor Perini (TPC) Q3 2026 earnings results →
Q3 2026 Revenue up 22% year over year to $1.7B · 1¢ of every $1 of revenue kept as net profit · operating margin 7.3%
Tutor Perini made $1.7B in Q3 2026 (+22% Y/Y): Civil $894M, Building $541M, Specialty Contractors $286M. Operating margin 7.3%, net earnings $20.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter
Revenue was $1.7B in Q3 2026, up 22% year over year and up 5% from the previous quarter. Civil was the largest line at 52% of revenue. Civil added $0.12B year over year (up 16%), 40% of the total change.
Gross margin was 12.9%, up 0.9 points from Q3 2025. Operating profit was $0.13B, a 7.3% margin (up 4.5 points year over year). Of the extra revenue versus Q3 2025, 28% reached operating profit, above the 3% margin then. Operating expenses fell 26% while revenue rose 22%. Net earnings were $0.02B, up 470% year over year. The effective tax rate was 22.7%.
Operating cash flow was $0.33B (up 14% year over year), 874% of net income including minority interests. Non-cash charges added back $0.01B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.26B. Capital expenditures of $0.04B left free cash flow of $0.29B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $1.7B | +22% | 7.3% | $20.7M | $331M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $1.6B | +19% | 7.2% | $65.7M | $187M |
| Q1 2026 | 10-Q | May 6, 2026 | $1.4B | +12% | 4.3% | $25.7M | $147M |
| Q4 2025 | 10-K | Feb 26, 2026 | $1.5B | +41% | 3.3% | $28.8M | $174M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $1.4B | +31% | 2.8% | $3.6M | $289M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $1.4B | +22% | 5.6% | $20.0M | $262M |
| Q1 2025 | 10-Q | May 7, 2025 | $1.2B | +19% | 5.2% | $28.0M | $22.9M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Tutor Perini
Tutor Perini Corporation (together with its consolidated subsidiaries, “Tutor Perini,” the “Company,” “we,” “us,” and “our,” unless the context indicates otherwise) is a leading construction company offering diversified general contracting, construction management and design-build services to private customers and public agencies throughout the world. The Company was formed through the 2008 merger between Tutor-Saliba Corporation and Perini Corporation (“Perini”) and our legacy dates to 1894, when Perini's predecessor businesses began providing construction services. Our corporate headquarters are in Los Angeles (Sylmar), California, and we have various other principal offices throughout the United States and its territories (see Item 2. Properties for a listing of our major facilities).
In its own words, from its 10-K, filed Feb 26, 2026.
Tutor Perini against its General Bldg Contractors - Nonresidential Bldgs peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +22% against the peers' median +44%. Operating margin: 7.3% against the peers' median 7.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| TPC Tutor Perini | Q3 2026 | $1.7B | +22% | 7.3% |
| JFB Construction | Q2 2026 | $9.1M | +146% | -45.0% |
| Pharmaceutical Resource Technology | Q3 2026 | $3.3M | +44% | 14.2% |
Source: Tutor Perini 10-Q on SEC EDGAR · CIK 77543 · General Bldg Contractors - Nonresidential Bldgs
Guidance and outlook
13F: who owns TPC and who is buying
More on TPC
- How Tutor Perini makes money: revenue by segment
- Tutor Perini next earnings date and what analysts expect
- Tutor Perini stock forecast, price target and fair value
- Who owns Tutor Perini stock: holders, funds and Congress trades
- Tutor Perini guidance and outlook
- Is Tutor Perini a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Tutor Perini guidance history: guided vs reported
- Tutor Perini gross margin by quarter
- Tutor Perini operating margin by quarter
- Tutor Perini net income by quarter
- Tutor Perini free cash flow by quarter
- Tutor Perini capital expenditures by quarter
- Tutor Perini Civil revenue by quarter
- Tutor Perini Building revenue by quarter
- Tutor Perini Specialty Contractors revenue by quarter