Tutor Perini

What Tutor Perini does

Tutor Perini Corporation is a publicly traded US civil and building construction company (NYSE: TPC) that delivers complex megaprojects for federal, state, and local government agencies as well as commercial clients. The company operates through three reportable segments — Civil, Building, and Specialty Contractors — supported by wholly-owned operating subsidiaries including Tutor Perini Civil, Tutor Perini Building Corp., Rudolph and Sletten, Black Construction Corporation, Perini Management Services, Fisk Electric, Five Star Electric, Frontier-Kemper Constructors, Lunda Construction Company, Roy Anderson Corp, Becho, Desert Mechanical, Nagelbush Mechanical, and WDF. Its core technical capabilities span tunnel construction using Tunnel Boring Machines (TBM) and the Sequential Excavation Method (SEM), large-diameter shaft drilling up to 58 feet, heavy civil and bridge work, high-rise and hospitality construction, and self-perform electrical, mechanical, concrete, foundations, and specialty trades; it owns one of the largest heavy equipment fleets in the construction industry, including the largest fleet on Guam and the Western Pacific via Black Group.

The company pursues large infrastructure projects through competitive bidding and negotiated awards, with executive-led client engagement on multi-decade megaprojects. Signature contracts include the California High-Speed Rail Construction Package 1 ($4.06B through the TPZP joint venture with Zachry and Parsons), the Midtown Bus Terminal Replacement project for the Port Authority of New York and New Jersey ($1.87B), the Manhattan and Brooklyn Borough-Based Jails programs ($3.76B and $2.95B), the Navy Guam electrical distribution task order ($651.8M), a USACE $2 billion 10-year MATOC for energy resilience, and historic work such as CityCenter Las Vegas ($6.4B) for MGM Resorts and Hudson Yards ($2.4B). It also pursues design-build delivery via joint ventures with Zachry, Parsons, O&G Industries, and Frontier-Kemper to spread risk and combine capabilities on the largest bids.

Revenue is generated almost entirely through long-duration, fixed-price and cost-plus construction contracts recognized over time using percentage-of-completion accounting. FY2025 revenue reached a record $5.5 billion (+28% YoY) and Q1 2026 revenue was $1.4 billion (+11% YoY). Backlog stood at a record $20.6 billion at year-end 2025 (later reported at $21.1 billion), providing multi-year revenue visibility. Customer mix is dominated by US federal and state/local government agencies, with a complementary commercial layer concentrated in hospitality/gaming and healthcare. The company employs between 5,001 and 10,000 people across the US, Guam/Western Pacific, and select international projects in Canada, Iraq, and Saudi Arabia, and is led by CEO Gary Smalley, Executive Chairman Ronald Tutor, CFO Ryan Soroka, and President/COO James Frost.

Name

Tutor Perini

Legal name

Tutor Perini Corporation

Website

https://tutorperini.com

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Tutor Perini Corporation is a publicly traded US civil and building construction company that delivers megaprojects in tunneling, infrastructure, defense, justice, healthcare, and hospitality for federal and state agencies and commercial developers through integrated Civil, Building, and Specialty Contractors subsidiaries.

Ownership category

akta.pro rank

Product category

Heavy Civil Construction

NAICS

Heavy and Civil Engineering Construction (237), Industrial Building Construction (23621)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), General Bldg Contractors - Nonresidential Bldgs (1540)

akta.pro primary industry

Self-Performing General Contractors (IMAFAAAI)

akta.pro secondary industry

Commercial General Contracting (New Build) (IMAFAAAA)

Keywords

• Civil construction services
• Building construction services
• Heavy civil infrastructure
• Specialty contracting services
• Design-build construction

Headquarters

HQ city

Sylmar

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D

Revenue model

1. Construction Contract Revenue: Tutor Perini generates revenue primarily through construction contracts with government agencies (federal, state, local) and commercial/private sector clients. Revenue is recognized over time as projects are completed. Full year 2025 revenue was a record $5.5 billion, up 28% year-over-year. Q1 2026 revenue was $1.4 billion.
2. Civil Infrastructure Projects: Major segment including highways, bridges, tunnels, rail/mass transit projects. Includes record backlog of $20.6 billion. Notable projects include Midtown Bus Terminal Replacement ($1.87 billion), California High-Speed Rail ($4.06 billion), and various Navy/Defense projects.
3. Building Construction: Commercial building segment including hospitality/gaming, healthcare, justice/courts, and other vertical construction. Major projects include CityCenter Las Vegas ($6.4 billion), San Diego Central Courthouse ($466 million), and various hotel/casino projects.
4. Specialty Contracting Services: Electrical, plumbing, HVAC, fire protection, concrete, foundations, earth retention, and other specialty services provided both on company's own projects and as subcontractor work. Subsidiaries include Fisk Electric, Five Star Electric, Nagelbush Mechanical, and others.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

Tutor Perini provides diversified general contracting, construction management, and design-build services for large-scale civil and building projects through three segments: Civil (highways, bridges, tunnels, rail/mass transit, water infrastructure), Building (commercial, hospitality, healthcare, education, justice, government and military facilities), and Specialty Contractors (electrical, mechanical, plumbing, HVAC, concrete, foundations, earth retention, and underground mine development). The company self-performs most work using owned heavy equipment and integrated subsidiary capabilities, delivering megaprojects for government agencies and major commercial developers.

Product overview

Tutor Perini Corporation is a leading civil and building construction company offering comprehensive construction services through three primary segments: Civil, Building, and Specialty Contractors. The company operates as a unified construction services provider supplemented by numerous subsidiary brands including Rudolph and Sletten (California building), Black Construction Corporation (Guam/Western Pacific), Perini Management Services (federal government), Fisk Electric (electrical), Frontier-Kemper Constructors (tunneling/mining), Lunda Construction (bridges/rail), Roy Anderson Corp (Southeast building), and Nagelbush Mechanical (Florida mechanical). The company provides design-build, federal prime contracting, and self-perform construction services across aviation, bridges and roads, commercial, education, government and military, healthcare, hospitality and gaming, justice, manufacturing and industrial, rail and mass transit, tunnels, water, and other market segments. The company's competitive differentiator is its ability to self-perform specialized work across electrical, plumbing, HVAC, concrete, foundations, fire protection, security systems, audio/visual, boring and drilling, earth retention, and underground mine development.

Differentiator

Problem solved

Functional benefit

Products and services

• Civil Construction Large-scale civil infrastructure construction including highways, bridges, tunnels, rail and mass transit systems, airports, and water/wastewater infrastructure projects for government transportation agencies and municipal authorities.
• Building Construction Commercial, residential, healthcare, education, hospitality and gaming, justice, government, and military building construction services delivered for public agencies and private developers.
• Specialty Contracting Specialized construction services including electrical, plumbing, HVAC, concrete, foundations, fire protection, security systems, audio/visual, boring and drilling, earth retention, and underground mine development provided both on Tutor Perini projects and as subcontractor work.
• Design-Build Services Integrated design and construction delivery combining architectural and engineering design with construction execution under a single contract, exemplified by the Tutor Perini/Zachry/Parsons joint venture for California High-Speed Rail Construction Package 1.
• Federal Prime Contracting Direct contracting with federal government agencies including the Department of State, U.S. Army Corps of Engineers, and Department of Defense for military, embassy, and federal facility projects, delivered through the Perini Management Services subsidiary.
• Electrical Contracting Services High- and low-voltage electrical services including power distribution, branch wiring, lighting, telecommunications, and SCADA systems delivered by Fisk Electric Company and Five Star Electric for complex construction projects.

Quantifiable outcome

• Record annual revenue of $5.5 billion in 2025, up 28% year-over-year
• +3 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Tutor Perini / Zachry / Parsons Joint Venture (TPZP)coreStrategic or Co-development PartnerJoint venture between Tutor Perini, Zachry Construction, and Parsons Corporation for delivery of California High-Speed Rail Construction Package 1 ($4.06 billion). This is one of the nation's first high-speed rail construction contracts.
• Tutor Perini Corporation and O&G Industries Joint VenturecoreStrategic or Co-development PartnerJoint venture between Tutor Perini and O&G Industries awarded $1.37 billion construction contract for Purple Line Extension Section 2, extending light rail 2.6 miles to Century City.
• Frontier-Kemper / Tutor Perini Joint VenturecoreStrategic or Co-development PartnerJoint venture for Purple Line Extension Section 3 Tunnels project ($468 million). Frontier-Kemper brings specialized tunneling expertise including TBM capabilities.
• Black Construction Corporation (Subsidiary JV)coreStrategic or Co-development PartnerJoint venture with Tutor Perini subsidiary Black Construction Corporation for $651.8 million Naval Base Guam electrical distribution project. Black Construction is Guam-based.
• Frontier-Kemper / ASL Joint VentureminorStrategic or Co-development PartnerJoint venture for John Hart Generating Station Replacement Project in British Columbia (C$139 million). Frontier-Kemper and ASL joint venture for underground construction.
• Seymour-Cap Partnership (Frontier-Kemper/J.F. Shea/Aecon)minorStrategic or Co-development PartnerJoint venture including Frontier-Kemper ULC, J.F. Shea, and Aecon for Seymour Capilano Twin Tunnels Completion project in Greater Vancouver (C$189 million).
• FKA (Frontier-Kemper Aecon JV)minorStrategic or Co-development PartnerJoint venture for Kemano T2 project in British Columbia (C$300 million). Completed remaining 7.6 km of 16 km secondary tunnel for Rio Tinto.

Scale indicators11 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Fluor Corporation: Fluor is a large publicly traded engineering, procurement, fabrication, construction, and project management firm with overlapping heavy civil, industrial, and federal government exposure, competing head-to-head on mega-projects and EPC contracts.
• Granite Construction Incorporated: Granite is a heavy civil construction company focused on transportation, water resources, and federal infrastructure, bidding against Tutor Perini on highways, bridges, rail, and airport work across the Western US.
• Parsons Corporation: Parsons provides infrastructure and defense construction services including federal, transit, and critical infrastructure work, and is itself a JV partner with Tutor Perini on California HSR CP1, making it a close peer in capability and customer overlap.
• AECOM: AECOM is a global infrastructure consulting and construction firm covering transportation, water, environment, and federal markets, competing on large design-build and program management contracts of similar scope and complexity.
• Bechtel Group: Bechtel is the largest privately held US general contractor, executing civil, industrial, and government megaprojects with comparable self-perform capabilities and federal client base, though typically at an even larger project scale.
• Sterling Infrastructure, Inc. Sterling provides e-infrastructure, transportation, and building solutions through heavy civil, specialty services, and residential subsidiaries, competing with Tutor Perini for infrastructure and specialty contracting awards across US geographies.
• Quanta Services, Inc. Quanta is the largest US pure-play infrastructure construction firm specializing in electric power, oil and gas, and renewable energy; it competes with Tutor Perini's Fisk/Five Star electrical subsidiaries for similar federal and utility infrastructure work.

Broad incumbents

• KBR, Inc. KBR delivers government services and sustainable technology solutions including construction and engineering for defense, intelligence, and energy clients, overlapping with Tutor Perini's federal/defense segment but with a much broader services portfolio.
• MasTec, Inc. MasTec is an infrastructure construction company with significant energy, utility, communications, and clean energy exposure; it competes for some federal/utility work but is more narrowly focused on specialty infrastructure than Tutor Perini's diversified portfolio.

Regional players

• Skanska AB: Skanska is a Sweden-based global construction and development company with comparable civil, commercial building, and public-private partnership expertise, but its US footprint focuses on select metros rather than competing directly nationwide.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tutor-perini-corporation
• Xx.com/tutorperini
• Facebookfacebook.com/107581499271526

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries15 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tutor Perini