Tutor Perini Corp. (TPC) intrinsic value & 10-year financials
Tutor Perini Corp. (TPC) has a Graham intrinsic value of $4.22 per share. At $77.65 on Oct 17, 2026, the stock trades 1740% above that value. Over the last 10 fiscal years revenue grew 1.2% a year to $5.5B, with an average return on invested capital of 2.0%.
- Graham intrinsic value
- $4.22
- Share price (Oct 17, 2026)
- $77.65
- Price vs Graham value
- 1740% above
- Market cap
- $4.1B
- Revenue (FY2025)
- $5.5B
- Revenue growth (10-yr CAGR)
- 1.2%
- ROIC (10-yr avg)
- 2.0%
- Free cash flow (FY2025)
- $567.2M
TPC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $5.5B | $80.4M | $1.51 | $567.2M | 4.2% | 12.2% |
| FY2024 | $4.3B | -$163.7M | -$3.13 | $466.1M | -2.4% | -5.3% |
| FY2023 | $3.9B | -$171.2M | -$3.30 | $255.5M | -3.0% | -4.5% |
| FY2022 | $3.8B | -$210.0M | -$4.09 | $147.2M | -5.4% | -6.6% |
| FY2021 | $4.6B | $91.9M | $1.79 | -$187.0M | 4.9% | 7.7% |
| FY2020 | $5.3B | $108.4M | $2.12 | $118.0M | 4.9% | 10.5% |
| FY2019 | $4.5B | -$387.7M | -$7.72 | $52.3M | -8.2% | -14.1% |
| FY2018 | $4.5B | $83.4M | $1.66 | -$55.7M | 4.3% | 5.8% |
| FY2017 | $4.8B | $148.4M | $2.92 | $133.3M | 3.8% | 8.2% |
| FY2016 | $5.0B | $95.8M | $1.92 | $97.6M | 4.1% | 6.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
TUTOR PERINI CORP has demonstrated mature, steady growth, with revenue compounding at 1.2% annually over the past decade.
TUTOR PERINI CORP has historically struggled to out-earn its cost of capital, averaging just 2.0% ROIC.
TUTOR PERINI CORP has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, TUTOR PERINI CORP is modeled at -2.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $4.22 per share.