Filing Flows › Tutor Perini (TPC) › Q4 2025
Tutor Perini (TPC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Tutor Perini (TPC) reported revenue of $1.5B for the fourth quarter 2025 (Q4 2025), +41% from a year earlier and +7% from the quarter before. Operating margin was 3.3%, net earnings $28.8M (1.9% of revenue).
Tutor Perini, Q4 2025: revenue $1.5B (+41% year over year), operating margin 3.3%, net earnings $28.8M, operating cash flow $174M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +7% | +41% |
| Gross profit | $148M | -13% | — |
| Operating profit | $50.1M | +25% | — |
| Net earnings | $28.8M | +694% | — |
| Operating cash flow | $174M | -40% | -47% |
| Free cash flow | $98.7M | -59% | -69% |
What changed
Revenue was $1.5B in Q4 2025, up 41% year over year and up 7% from the previous quarter. Civil was the largest line at 49% of revenue.
Gross margin was 9.8%. Operating profit was $0.05B, a 3.3% margin (up 11.4 points year over year). Net earnings were $0.03B. The effective tax rate was 24.9%.
Operating cash flow was $0.17B (down 47% year over year), 505% 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 $0.10B. Capital expenditures of $0.07B left free cash flow of $0.10B.
Questions
What was Tutor Perini's revenue in the fourth quarter 2025?
Tutor Perini (TPC) reported revenue of $1.5B for the fourth quarter 2025 (Q4 2025), +41% from a year earlier and +7% from the quarter before.
Was Tutor Perini profitable in the fourth quarter 2025?
Operating profit was $50.1M (3.3% of revenue) and net earnings $28.8M.
Source: Tutor Perini 10-K on SEC EDGAR.