Filing Flows › Tutor Perini (TPC) › Q3 2025
Tutor Perini (TPC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Tutor Perini (TPC) reported revenue of $1.4B for the third quarter 2025 (Q3 2025), +31% from a year earlier and +3% from the quarter before. Operating margin was 2.8%, net earnings $3.6M (0.3% of revenue).
Tutor Perini, Q3 2025: revenue $1.4B (+31% year over year), operating margin 2.8%, net earnings $3.6M, operating cash flow $289M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +3% | +31% |
| Gross profit | $169M | -14% | — |
| Operating profit | $40.1M | -48% | — |
| Net earnings | $3.6M | -82% | — |
| Operating cash flow | $289M | +10% | 13× |
| Free cash flow | $240M | +2% | 15× |
What changed
Revenue was $1.4B in Q3 2025, up 31% year over year and up 3% from the previous quarter. Civil was the largest line at 54% of revenue. Civil added $0.22B year over year (up 41%), 67% of the total change. Building declined 4%.
Gross margin was 12.0%. Operating profit was $0.04B, a 2.8% margin (up 12.7 points year over year). Net earnings were $3.6M. The effective tax rate was 44.6%.
Operating cash flow was $0.29B (up 1182% year over year), 1534% 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 $0.20B. Capital expenditures of $0.05B left free cash flow of $0.24B.
Questions
What was Tutor Perini's revenue in the third quarter 2025?
Tutor Perini (TPC) reported revenue of $1.4B for the third quarter 2025 (Q3 2025), +31% from a year earlier and +3% from the quarter before.
Was Tutor Perini profitable in the third quarter 2025?
Operating profit was $40.1M (2.8% of revenue) and net earnings $3.6M.
Source: Tutor Perini 10-Q on SEC EDGAR.