Filing Flows › Tutor Perini (TPC) › Q2 2025
Tutor Perini (TPC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Tutor Perini (TPC) reported revenue of $1.4B for the second quarter 2025 (Q2 2025), +22% from a year earlier and +10% from the quarter before. Operating margin was 5.6%, net earnings $20.0M (1.5% of revenue).
Tutor Perini, Q2 2025: revenue $1.4B (+22% year over year), operating margin 5.6%, net earnings $20.0M, operating cash flow $262M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +10% | +22% |
| Gross profit | $196M | +46% | +67% |
| Operating profit | $76.4M | +17% | +89% |
| Net earnings | $20.0M | -29% | 25× |
| Operating cash flow | $262M | 11× | +394% |
| Free cash flow | $236M | — | +458% |
What changed
Revenue was $1.4B in Q2 2025, up 22% year over year and up 10% from the previous quarter. Civil was the largest line at 53% of revenue. Civil added $0.19B year over year (up 34%), 76% of the total change.
Gross margin was 14.3%, up 3.9 points from a year earlier. Operating profit was $0.08B, a 5.6% margin (up 2.0 points year over year). Of the extra revenue versus a year earlier, 15% reached operating profit, above the 4% margin then. Operating expenses grew 56% against revenue growth of 22%. Net earnings were $0.02B, up 2360% year over year. The effective tax rate was 31.8%.
Operating cash flow was $0.26B (up 394% year over year), 557% of net income including minority interests. Non-cash charges added back $0.01B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items added $0.15B. Capital expenditures of $0.03B left free cash flow of $0.24B.
Questions
What was Tutor Perini's revenue in the second quarter 2025?
Tutor Perini (TPC) reported revenue of $1.4B for the second quarter 2025 (Q2 2025), +22% from a year earlier and +10% from the quarter before.
Was Tutor Perini profitable in the second quarter 2025?
Operating profit was $76.4M (5.6% of revenue) and net earnings $20.0M.
Source: Tutor Perini 10-Q on SEC EDGAR.