TPC
Tutor Perini Corporation
TPC's fundamentals are strong, but it looks expensive: trading at 38x earnings, about five times its usual 8.1x. Analysts expect strong earnings growth.
TPC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Strong |
TPC's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
TPC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.9x | $15.55 | -85% |
| Fair | 8.1x | $21.22 | -79% |
| Forward | 19x | $100 | — |
| Current | 38x | $100 | — |
| Expensive | 48x | $127 | +27% |
Historical ranges are pointers, not guarantees.
TPC's PE is in its expensive range at 38x. If earnings grow as analysts expect, today's price would be 19x next year's earnings.
TPC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for TPC, with profitability improving.
TPC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.36 | +104% |
| Q3 2026 | $2.63 | +$3.18 |
| Q2 2026 | $2.31 | +$4.85 |
| Q1 2026 | $1.46 | +$4.36 |
| Q4 2025 | $1.51 | +$4.64 |
| Q3 2025 | -$0.55 | +$1.97 |
| Q2 2025 | -$2.54 | -$1.23 |
| Q1 2025 | -$2.90 | -$0.85 |
| Q4 2024 | -$3.13 | +$0.17 |
TPC has returned to profit: it earned $2.63 per share over the past year, after losing money the year before.
TPC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.7B | +22% |
| Q2 2026 | $1.6B | +19% |
| Q1 2026 | $1.4B | +11% |
| Q4 2025 | $1.5B | +41% |
| Q3 2025 | $1.4B | +31% |
| Q2 2025 | $1.4B | +22% |
| Q1 2025 | $1.2B | +19% |
| Q4 2024 | $1.1B | +4.5% |
TPC's revenue has grown year over year for 12 quarters in a row: $1.7B last quarter, up 22% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.3% | +4.5 points |
| Q2 2026 | 7.2% | +1.6 points |
| Q1 2026 | 4.3% | -1 points |
| Q4 2025 | 3.3% | +11 points |
| Q3 2025 | 2.8% | +13 points |
| Q2 2025 | 5.6% | +2 points |
| Q1 2025 | 5.2% | +0.6 points |
| Q4 2024 | -8.1% | -5.9 points |
TPC's operating margin was 7.3% last quarter, up 4.5 points from the same quarter a year ago, near the top of its range since 2019.
TPC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $291.3M | +21% |
| Q2 2026 | $153.6M | -35% |
| Q1 2026 | $128.9M | +$136.1M |
| Q4 2025 | $98.7M | -69% |
| Q3 2025 | $240.2M | +1435% |
| Q2 2025 | $235.6M | +458% |
| Q1 2025 | -$7.2M | -108% |
| Q4 2024 | $320.4M | +166% |
TPC generated $673M in free cash flow over the past year, down 15% from the year before.
TPC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -21K shares |
| 1 year | -0.4% | -213K shares |
| 3 years | +2.8% | +1.5M shares |
| 5 years | +4.1% | +2.1M shares |
| Available history | +6.4% | +3.2M shares |
TPC has 53M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $10M |
| Q1 2026 | $20M |
TPC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.8x | Net Cash |
| Q2 2026 | -1.7x | Net Cash |
| Q1 2026 | -1.5x | Net Cash |
| Q4 2025 | -1.2x | Net Cash |
| Q3 2025 | -1.9x | Net Cash |
| Q2 2025 | -283.0x | Net Cash |
| Q3 2024 | 27.4x | High |
| Q2 2024 | 3.9x | Elevated |
TPC has more cash than debt.
TPC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 64.6 | Neutral |
| Stochastic | 55.4 | Neutral |
TPC's weekly RSI is 65 (neutral) and its Stochastic is 55 (neutral).
TPC PE vs Industrials Sector
| Metric | TPC | Sector median | Relative |
|---|---|---|---|
| PE | 38x | 24x | 59% above |
| PE % | 74 | 58 | 16 pts above |
TPC is trading at 38x earnings, a 59% premium to the Industrials sector's median of 24x.
TPC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $84.8 | 18% above |
| 20 week MA | $85.9 | 17% above |
| 50 week MA | $80.3 | 25% above |
| 100 week MA | $61.1 | 64% above |
| 200 week MA | $37.3 | 169% above |
TPC is in an uptrend: it's above all five of its weekly moving averages, and 169% above its 200-week average.
TPC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $12.7 | $13.4 | +6.2% |
| 2021 | $13.4 | $12.4 | -7.5% |
| 2022 | $12.4 | $7.54 | -39% |
| 2023 | $7.54 | $9.10 | +21% |
| 2024 | $9.10 | $23.8 | +162% |
| 2025 | $23.8 | $69.1 | +190% |
| 2026 YTD | $69.1 | $100.3 | +45% |
TPC has finished higher in four of the last six years, two of them by more than 50%. It's up 45% so far in 2026.