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How Tutor Perini (TPC) makes money

Tutor Perini (TPC) made $1.7B of revenue in the third quarter 2026 (Q3 2026), +22% from a year earlier. Civil brought in $894M (52%); Building brought in $541M (31%); Specialty Contractors brought in $286M (17%). Of every dollar of revenue, 13¢ was left as gross profit, 7¢ was left as operating profit, 1¢ was left as net earnings.

Drawing the Sankey…

Tutor Perini revenue by segment, Q3 2026Tutor Perini revenue by segment, Q3 2026Civil$894MBuilding$541MSpecialty Contractors$286M
Tutor Perini: revenue by line, Q1 2025 to Q3 2026Tutor Perini: revenue by line, Q1 2025 to Q3 2026CivilBuildingSpecialty ContractorsCivil: $894M latest$894MBuilding: $541M latest$541MSpecialty Contractors: $286M latest$286MQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Building went from 37% of revenue in Q1 2025 to 31% in Q3 2026, the largest shift in the mix.
Tutor Perini revenue by quarterTutor Perini revenue by quarter$1.2BQ1 2025$1.4BQ2 2025$1.4BQ3 2025$1.5BQ4 2025$1.4BQ1 2026$1.6BQ2 2026$1.7BQ3 2026
Tutor Perini: where each dollar of revenue goesTutor Perini: where each dollar of revenue goesCost of revenue87¢Gross profit13¢Operating expenses6¢Operating profit7¢Income tax1¢Net earnings1¢Operating cash flow19¢Free cash flow17¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Civil$894M51.9%+9%+16%
Building$541M31.4%-3%+29%
Specialty Contractors$286M16.6%+10%+26%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$1.7B100.0%
Cost of revenue$1.5B87.1%
Gross profit$221M12.9%
Operating expenses$96.0M5.6%
Operating profit$125M7.3%
Income tax$11.1M0.6%
Net earnings$20.7M1.2%
Operating cash flow$331M19.2%
Free cash flow$291M16.9%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$1.7B+22%
Q2 2026$1.6B+19%
Q1 2026$1.4B+12%
Q4 2025$1.5B+41%
Q3 2025$1.4B+31%
Q2 2025$1.4B+22%
Q1 2025$1.2B+19%

From Tutor Perini's 10-Q filed Nov 4, 2026 (on EDGAR).

Questions

How does Tutor Perini make money?

Tutor Perini (TPC) made $1.7B of revenue in the third quarter 2026 (Q3 2026), +22% from a year earlier. Civil brought in $894M (52%); Building brought in $541M (31%); Specialty Contractors brought in $286M (17%). Of every dollar of revenue, 13¢ was left as gross profit, 7¢ was left as operating profit, 1¢ was left as net earnings.

What is Tutor Perini's biggest business?

Civil: $894M in the third quarter 2026, 52% of revenue, +16% from a year earlier.

What is Tutor Perini's profit margin?

Net earnings were $20.7M, 1.2% of revenue, in the third quarter 2026; the operating margin was 7.3%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.