Tutor Perini Corp (TPC) stock analysis

P/E against its history

Not enough price and earnings history to compare.

P/E above the industry

Tutor Perini's P/E of 38.4 is above the Building Construction General Contractors and Operative Builders median of 15.0.

EV/EBITDA below its 5-year median

Tutor Perini's EV/EBITDA of 11.8 is below its 5-year median of 13.9.

P/B above the industry

Tutor Perini's price-to-book of 4.09 is above the Building Construction General Contractors and Operative Builders median of 1.32.

Trading above fair value

The share price of $101.34 is above our fair value estimate of $66.28.

Margin of safety under 20%

The price is 52.9% above fair value, so there is no margin of safety.

Revenue growing 10%+ a year

Revenue grew 13.5% a year over the last three fiscal years.

EPS growth over 3 years

Needs positive EPS three years ago and today.

Earnings acceleration

Needs positive net income now, a year ago and five years ago.

Growing faster than the industry

Revenue grew 22.6% over the last twelve months; the Building Construction General Contractors and Operative Builders median is -7.2%.

Guidance raised

Tutor Perini raised its 2026 Adjusted EPS outlook on Aug 5, 2026.

Gross margin improving

Gross margin was 11.8% over the last twelve months, against 9.6% a year earlier.

Return on equity under 15%

Return on equity was 11.3% over the last twelve months and averaged -5.4% over five years; we look for 15% on both.

Return on capital over 10%

Return on invested capital was 36.0%, above the 10% that usually covers the cost of capital.

Return on equity above the industry

Tutor Perini's return on equity of 11.3% is above the Building Construction General Contractors and Operative Builders median of 8.1%.

Earnings shrank over 5 years

Net income shrank 5.8% a year on average over the last five fiscal years.

Net margin above its 5-year average

Net margin was 2.3% over the last twelve months, against a 5-year average of -2.1%.

Net margin below the industry

Tutor Perini's net margin of 2.3% is below the Building Construction General Contractors and Operative Builders median of 4.0%.

Low debt

Debt is 31.0% of shareholders' equity, under the 40% we consider low.

Debt falling against equity

Debt to equity fell from 66.0% five years ago to 31.0%.

Debt covered by cash flow

Operating cash flow over the last twelve months equals 208% of total debt.

Interest well covered

Operating income covers interest expense 7.4 times.

Short-term assets cover short-term debts

Current assets are 1.27 times current liabilities.

Bankruptcy risk in the grey zone

The Altman Z-score is 2.26; above 3 is the safe zone and below 1.8 the distress zone.

Pays a dividend

Tutor Perini paid dividends worth 0.3% of the share price over the last twelve months.

Yield below Treasuries

The 0.3% yield is below the 4.4% on a 1-year Treasury.

Yield below the top quarter

The top quarter of US dividend payers yield 3.8% or more; Tutor Perini yields 0.3%.

Dividend stability

Fewer than five years of dividend history.

Covered by earnings

Dividends take 10.2% of net income.

Covered by free cash flow

Dividends take 2.1% of free cash flow.