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Tutor Perini cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$291M in Q3 2026 · $673M over twelve months

Operating cash flow$331M
Capital spending−$39.6M
Free cash flow+$291M
Cash / net income8.7×
Cash conversion cycle18 days

Analysis

In Q3 2026, Tutor Perini generated $331M of operating cash flow and spent $39.6M on capital projects, leaving free cash flow of $291M. That is $51.2M more than in Q3 2025 ($240M).

Over the twelve months to Sep 30, 2026, operating cash flow was $839M; the largest uses were capital spending ($166M), other investing ($126M), other financing ($75.9M); besides operations, cash came from asset & business sales ($8.8M); the cash balance rose by $388M.

Operating cash flow was $331M against net income of $37.9M — 8.7× profit, cash ran ahead of reported earnings. The largest differences: other operating capital +$158M, stock-based pay +$19.3M, depreciation & amortization +$10.3M.

Its cash conversion cycle was 18 days (receivables 68 + inventory 0 − payables 49).

Free cash flow

Tutor Perini: free cash flow by quarterTutor Perini: free cash flow by quarter$320MQ4 2024−$7.2MQ1 2025$236MQ2 2025$240MQ3 2025$98.7MQ4 2025$129MQ1 2026$154MQ2 2026$291MQ3 2026
Operating cash flow less capital spending.
Tutor Perini: operating cash flow against capital spendingTutor Perini: operating cash flow against capital spendingOperating cash flowCapital spending$330M$9.1MQ4 2024$22.9M$30.1MQ1 2025$262M$26.8MQ2 2025$289M$49.0MQ3 2025$174M$75.0MQ4 2025$147M$18.0MQ1 2026$187M$33.7MQ2 2026$331M$39.6MQ3 2026
Latest (Q3 2026): Operating cash flow $331M, Capital spending $39.6M.

Capital allocation, year by year

Tutor Perini: where the cash came from (up) and went (down), by fiscal yearTutor Perini: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingDividendsFY2021: Operating cash flow −$148MFY2021: Net borrowing −$37.0MFY2021: Asset sales $7.2MFY2021: Capital spending −$38.6M$7.2MFY2021FY2022: Operating cash flow $207MFY2022: Net borrowing −$38.3MFY2022: Asset sales $8.6MFY2022: Capital spending −$59.8M$216MFY2022FY2023: Operating cash flow $308MFY2023: Net borrowing −$61.7MFY2023: Asset sales $10.1MFY2023: Capital spending −$53.0M$319MFY2023FY2024: Operating cash flow $504MFY2024: Net borrowing −$355MFY2024: Asset sales $4.8MFY2024: Capital spending −$37.4M$508MFY2024FY2025: Operating cash flow $748MFY2025: Net borrowing −$131MFY2025: Asset sales $8.9MFY2025: Capital spending −$181MFY2025: Dividends −$3.2M$757MFY2025
Over these 5 years operating cash flow totalled $1.6B; the largest uses were net borrowing ($622M) and capital spending ($370M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$1.1B
Debt$404M
Net cash$707M
Due within a year$14.6M

Tutor Perini funds itself: free cash flow was $673M over the last twelve months, and $1.1B of cash and investments stands against $404M of debt ($14.6M due within a year, 76.2× covered by cash).

Tutor Perini: debt maturities by year (FY2025)Tutor Perini: debt maturities by year (FY2025)$14.6MYear 1$3.2MYear 2$2.7MYear 3$402MYear 4$1.3MYear 5$1.4MAfter year 5
Principal due in each year as disclosed in the annual report, against $1.1B of cash and investments now.

Where the cash came from and went

Tutor Perini: sources (+) and uses (−) of cash, Q3 2026Tutor Perini: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$331MCash drawn (+) / kept (−)−$201MOther financing−$45.9MCapital spending−$39.6MOther investing−$26.9MPartners−$12.3MDividends−$4.7MNet borrowing (+) / repaid (−)−$1.0MAsset & business sales$880K
Tutor Perini: sources (+) and uses (−) of cash, TTM to Q3 2026Tutor Perini: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$839MCash drawn (+) / kept (−)−$388MCapital spending−$166MOther investing−$126MOther financing−$75.9MPartners−$42.4MNet borrowing (+) / repaid (−)−$21.0MDividends−$14.4MTaxes on employees’ shares−$12.9MAsset & business sales$8.8M

From profit to cash

Tutor Perini: net income to operating cash flow, Q3 2026Tutor Perini: net income to operating cash flow, Q3 2026Net income$37.9MDepreciation & amortization$10.3MStock-based pay$19.3MGains on disposals−$452KOther non-cash−$778KOther liabilities−$1.9MOther operating capital$158MOperating cash flow$331M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202668—4918
Q2 202664—4519
Q1 202676—5125
Q4 202577—4630
Q3 202586—5035
Q2 202587—5730
Q1 202582—5626
Q4 202499—5544

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$331M−$39.6M—−$4.7M−$1.0M−$201M$291M
Q2 2026$187M−$33.7M−$10.0M−$3.2M−$3.7M−$118M$154M
Q1 2026$147M−$18.0M−$20.0M−$3.3M−$9.6M−$56.6M$129M
Q4 2025$174M−$75.0M—−$3.2M−$6.8M−$12.1M$98.7M
Q3 2025$289M−$49.0M——−$7.3M−$211M$240M
Q2 2025$262M−$26.8M——$12.8M−$230M$236M
Q1 2025$22.9M−$30.1M——−$129M$147M−$7.2M
Q4 2024$330M−$9.1M——−$155M−$163M$320M

Tutor Perini: income statement and cash flow

Tutor Perini, Q3 2026: revenue $1.7B (+22% year over year), operating margin 7.3%. The chart follows the revenue to costs, profit and cash.

Tutor Perini: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.