Filing Flows › Tutor Perini (TPC) › Q1 2026
Tutor Perini (TPC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Tutor Perini (TPC) reported revenue of $1.4B for the first quarter 2026 (Q1 2026), +11% from a year earlier and -8% from the quarter before. Operating margin was 4.3%, net earnings $25.7M (1.8% of revenue).
Tutor Perini, Q1 2026: revenue $1.4B (+12% year over year), operating margin 4.3%, net earnings $25.7M, operating cash flow $147M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | -8% | +11% |
| Gross profit | $155M | +5% | +15% |
| Operating profit | $59.2M | +18% | -9% |
| Net earnings | $25.7M | -11% | -8% |
| Operating cash flow | $147M | -15% | +542% |
| Free cash flow | $129M | +31% | — |
What changed
Revenue was $1.4B in Q1 2026, up 11% year over year and down 8% from the previous quarter. Civil was the largest line at 50% of revenue. Civil added $0.09B year over year (up 14%), 61% of the total change.
Gross margin was 11.1%, up 0.3 points from Q1 2025. Operating profit was $0.06B, a 4.3% margin (down 1.0 points year over year). Operating profit fell $0.01B even though revenue rose $0.14B versus Q1 2025, so costs grew faster than sales. Operating expenses grew 38% against revenue growth of 11%. Net earnings were $0.03B, down 8% year over year. The effective tax rate was 30.1%.
Operating cash flow was $0.15B (up 542% year over year), 372% of net income including minority interests. Non-cash charges added back $0.01B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.07B. Capital expenditures of $0.02B left free cash flow of $0.13B.
Questions
What was Tutor Perini's revenue in the first quarter 2026?
Tutor Perini (TPC) reported revenue of $1.4B for the first quarter 2026 (Q1 2026), +11% from a year earlier and -8% from the quarter before.
Was Tutor Perini profitable in the first quarter 2026?
Operating profit was $59.2M (4.3% of revenue) and net earnings $25.7M.
Source: Tutor Perini 10-Q on SEC EDGAR.