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Tutor Perini TPC Specialty Contractors — Cost of operations

Other segment segments

Civil
$667.57M+17.1%
Building
$514.88M+20.7%

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Other financials

Income statement

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Revenue$1.6B+19.2%
Gross profit$211.3M+7.8%
Operating income$117.7M+54.0%
Net income$65.7M+229%
EPS (diluted)$1.23+224%

Balance sheet

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Cash & equivalents$945.2M+72.8%
Total debt$464.9M-3.1%
Total equity$1.3B+6.8%
Total assets$5.4B+10.1%

Cash flow

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Operating cash flow$187.3M-28.6%
CapEx$33.7M+25.5%
Free cash flow$153.6M-34.8%

Valuation

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Market cap$5.03B+102%
Enterprise value$4.55B+87.9%
P/E40.6×
P/S0.9×+0.3×

Profitability

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Gross margin11.5%+5.1pp
Operating margin4.5%+3.8pp
Net margin2.1%+1.3pp
FCF margin10.4%-1.4pp

Returns & leverage

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Return on equity10.1%+6.7pp
Debt / equity0.4×0.0×
Current ratio1.3×0.0×

Where this comes from

Reported directly by Tutor Perini in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Tutor Perini’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 5:05 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000077543-26-000186
(in thousands) / Three Months Ended June 30, 2026Reportable Segments / Civil / Three Months Ended June 30, 2026Reportable Segments / BuildingReportable Segments / Specialty ContractorsReportable Segments / TotalCorporateConsolidated Total
Revenue from external customers$816,154$559,566$261,327$1,637,047$1,637,047
Reconciliation of revenue to income (loss) from construction operations
Less:
Cost of operations$667,566$514,878$241,255$1,423,699$2,070$1,425,769
General and administrative expenses(a)24,06013,41014,35151,82141,72293,543
Income (loss) from construction operations$124,528$31,278$5,721$161,527$(43,792)$117,735
Capital expenditures$21,683$98$1,609$23,390$10,288$33,678
Depreciation and amortization(b)$8,693$533$673$9,899$317$10,216

Item 1. Financial Statements

FAQ

What is Tutor Perini's specialty contractors — cost of operations?
Tutor Perini (TPC) reported specialty contractors — cost of operations of $241.26M in Q2 2026.
How has Tutor Perini's specialty contractors — cost of operations changed year-over-year?
Tutor Perini's specialty contractors — cost of operations increased by 33.3% year-over-year, from $180.94M to $241.26M.
What is the long-term trend for Tutor Perini's specialty contractors — cost of operations?
Over 2 years (2023 to 2025), Tutor Perini's specialty contractors — cost of operations has grown at a 0.9% compound annual growth rate (CAGR), from $775.19M to $788.97M.
What does specialty contractors — cost of operations mean?
Represents the direct costs incurred to deliver specialty contracting services, including labor, materials, equipment, and subcontractor expenses. Monitoring this helps evaluate the segment's direct cost management and operational efficiency.

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