Tutor Perini Corporation (TPC) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Engineering & Construction
EV/EBITDA
↑
14.46
↑+83% vs avg
5yr avg: 7.89
30Y Low0.8·High37.4
P/FCF
↑
7.71
↑+128% vs avg
5yr avg: 3.38
30Y Low0.8·High152.7
P/B Ratio
↑
3.51
↑+255% vs avg
5yr avg: 0.99
30Y Low0.3·High18.7
ROE
↑
6.6%
↓+223% vs avg
5yr avg: -5.4%
30Y Low-316%·High79%
Debt/EBITDA
↓
1.67
↓-27% vs avg
5yr avg: 2.28
30Y Low0.1·High34.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TPC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Tutor Perini Corporation trades at 54.9x earnings, 123% above its 5-year average of 24.6x, sitting at the 95th percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a premium of 115%. On a free-cash-flow basis, the stock trades at 7.7x P/FCF, 128% above the 5-year average of 3.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.4B | $3.6B | $1.3B | $472M | $387M | $635M | $661M | $646M | $803M | $1.3B | $1.4B |
| Enterprise Value | $4.1B | $3.3B | $1.3B | $991M | $1.1B | $1.4B | $1.3B | $1.3B | $1.4B | $1.8B | $2.0B |
| P/E Ratio → | 54.88 | 44.38 | — | — | — | 4.74 | 4.35 | — | 9.62 | 8.68 | 14.58 |
| P/S Ratio | 0.79 | 0.65 | 0.29 | 0.12 | 0.10 | 0.14 | 0.12 | 0.15 | 0.18 | 0.27 | 0.28 |
| P/B Ratio | 3.51 | 2.84 | 1.09 | 0.37 | 0.27 | 0.38 | 0.43 | 0.45 | 0.45 | 0.75 | 0.90 |
| P/FCF | 7.71 | 6.31 | 2.72 | 1.85 | 2.63 | — | 5.61 | 12.34 | — | 9.66 | 14.31 |
| P/OCF | 5.85 | 4.79 | 2.51 | 1.53 | 1.87 | — | 3.83 | 4.73 | 37.53 | 7.87 | 12.32 |
P/E links to full P/E history page with 30-year chart
TPC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Tutor Perini Corporation's enterprise value stands at 14.5x EBITDA, 83% above its 5-year average of 7.9x. The Industrials sector median is 13.8x, placing the stock at a 5% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.59 | 0.31 | 0.26 | 0.29 | 0.31 | 0.25 | 0.29 | 0.33 | 0.38 | 0.40 |
| EV / EBITDA | 14.46 | 11.64 | — | — | — | 4.14 | 3.55 | — | 6.06 | 7.91 | 7.46 |
| EV / EBIT | 17.57 | 12.64 | — | — | — | 6.28 | 5.49 | — | 7.47 | 8.51 | 9.88 |
| EV / FCF | — | 5.78 | 2.89 | 3.88 | 7.38 | — | 11.12 | 24.58 | — | 13.73 | 20.59 |
TPC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Tutor Perini Corporation earns an operating margin of 4.2%, roughly in line with the Industrials sector average. Operating margins have expanded from -3.0% to 4.2% over the past 3 years, signaling improving operational efficiency. ROE of 6.6% is modest, trailing the sector median of 8.2%. ROIC of 15.8% represents solid returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 11.7% | 11.7% | 4.6% | 3.6% | 0.8% | 10.0% | 9.1% | 5.4% | 10.2% | 9.6% | 9.2% |
| Operating Margin | 4.2% | 4.2% | -2.4% | -3.0% | -5.4% | 4.9% | 4.9% | -8.2% | 4.3% | 3.8% | 4.1% |
| Net Profit Margin | 1.5% | 1.5% | -3.8% | -4.4% | -5.5% | 2.0% | 2.0% | -8.7% | 1.9% | 3.1% | 1.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.6% | 6.6% | -13.4% | -12.6% | -13.5% | 5.7% | 7.3% | -24.1% | 4.8% | 9.1% | 6.4% |
| ROA | 1.7% | 1.7% | -3.8% | -3.8% | -4.5% | 1.9% | 2.3% | -8.7% | 1.9% | 3.6% | 2.4% |
| ROIC | 15.8% | 15.8% | -5.1% | -4.4% | -6.7% | 7.3% | 9.2% | -12.2% | 6.1% | 6.1% | 7.0% |
| ROCE | 12.1% | 12.1% | -4.9% | -4.7% | -7.4% | 7.9% | 10.2% | -14.1% | 7.0% | 6.9% | 7.9% |
TPC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Tutor Perini Corporation carries a Debt/EBITDA ratio of 1.7x, which is manageable (48% below the sector average of 3.2x). The company holds a net cash position — cash of $770M exceeds total debt of $471M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 4.7x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.37 | 0.37 | 0.46 | 0.70 | 0.66 | 0.59 | 0.66 | 0.58 | 0.43 | 0.43 | 0.49 |
| Debt / EBITDA | 1.67 | 1.67 | — | — | — | 2.88 | 2.78 | — | 3.18 | 3.18 | 2.82 |
| Net Debt / Equity | — | -0.24 | 0.07 | 0.40 | 0.48 | 0.47 | 0.42 | 0.45 | 0.36 | 0.32 | 0.39 |
| Net Debt / EBITDA | -1.06 | -1.06 | — | — | — | 2.29 | 1.76 | — | 2.70 | 2.35 | 2.28 |
| Debt / FCF | — | -0.53 | 0.17 | 2.03 | 4.75 | — | 5.52 | 12.24 | — | 4.08 | 6.29 |
| Interest Coverage | 4.72 | 4.72 | -0.99 | -1.17 | -2.93 | 3.37 | 3.14 | -5.34 | 3.05 | 3.10 | 3.40 |
Net cash position: cash ($770M) exceeds total debt ($471M)
TPC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.27x means Tutor Perini Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.66x to 1.27x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.27 | 1.27 | 1.41 | 1.66 | 1.87 | 2.17 | 1.80 | 1.66 | 1.99 | 1.94 | 1.87 |
| Quick Ratio | 1.27 | 1.27 | 1.41 | 1.66 | 1.87 | 2.17 | 1.80 | 1.63 | 1.95 | 1.91 | 1.83 |
| Cash Ratio | 0.31 | 0.31 | 0.20 | 0.18 | 0.13 | 0.11 | 0.17 | 0.09 | 0.07 | 0.12 | 0.10 |
| Asset Turnover | — | 1.07 | 1.02 | 0.88 | 0.83 | 0.98 | 1.05 | 0.99 | 1.02 | 1.12 | 1.23 |
| Inventory Turnover | — | — | — | — | — | — | — | 53.02 | 64.59 | 74.45 | 89.42 |
| Days Sales Outstanding | — | 178.23 | 210.01 | 261.39 | 301.78 | 265.78 | 226.48 | 249.34 | 236.15 | 209.80 | 189.00 |
TPC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Tutor Perini Corporation returns 0.1% to shareholders annually primarily through dividends. The payout ratio of 3.9% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 1.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.1% | 0.1% | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 3.9% | 3.9% | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.8% | 2.3% | — | — | — | 21.1% | 23.0% | — | 10.4% | 11.5% | 6.9% |
| FCF Yield | 13.0% | 15.8% | 36.8% | 54.2% | 38.0% | — | 17.8% | 8.1% | — | 10.4% | 7.0% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $53M | $52M | $52M | $51M | $51M | $51M | $50M | $50M | $51M | $50M |
Peer Comparison
Compare TPC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TPCYou | $4B | 54.9 | 14.5 | 7.7 | 11.7% | 4.2% | 6.6% | 15.8% | 1.7 |
 PWR | $113B | 110.4 | 45.7 | 69.5 | 13.0% | 5.8% | 12.6% | 11.8% | 0.5 |
 FLR | $8B | -25.7 | — | — | -0.8% | -2.4% | -9.6% | -12.7% | — |
 KBR | $4B | 10.3 | 9.3 | 8.7 | 14.8% | 7.3% | 27.9% | 10.4% | 4.2 |
 MTZ | $32B | 81.3 | 32.3 | 113.7 | 9.6% | 4.6% | 12.6% | 8.9% | 2.6 |
 STRL | $25B | 86.5 | 50.6 | 68.6 | 22.1% | 16.6% | 30.0% | 38.9% | 0.7 |
 GVA | $6B | 38.9 | 17.1 | 18.7 | 16.1% | 5.9% | 16.8% | 10.8% | 3.8 |
 ACM | $11B | 19.4 | 10.4 | 15.7 | 7.5% | 6.4% | 22.2% | 18.6% | 2.8 |
 J | $14B | 51.5 | 14.5 | 23.8 | 24.8% | 7.2% | 5.8% | 9.9% | 2.5 |
 DY | $12B | 53.8 | 24.7 | 125.2 | 15.6% | 7.2% | 20.4% | 12.6% | 2.0 |
 PRIM | $6B | 21.5 | 13.0 | 17.2 | 10.7% | 5.5% | 17.8% | 13.6% | 2.5 |
| Industrials Median | — | 25.5 | 13.8 | 20.7 | 32.7% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonTPC — Frequently Asked Questions
Quick answers to the most common questions about buying TPC stock.
What is Tutor Perini Corporation's P/E ratio?
Tutor Perini Corporation's current P/E ratio is 54.9x. The historical average is 16.5x. This places it at the 95th percentile of its historical range.
What is Tutor Perini Corporation's EV/EBITDA?
Tutor Perini Corporation's current EV/EBITDA is 14.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.7x.
What is Tutor Perini Corporation's ROE?
Tutor Perini Corporation's return on equity (ROE) is 6.6%. The historical average is -4.0%.
Is TPC stock overvalued?
Based on historical data, Tutor Perini Corporation is trading at a P/E of 54.9x. This is at the 95th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Tutor Perini Corporation's dividend yield?
Tutor Perini Corporation's current dividend yield is 0.07% with a payout ratio of 3.9%.
What are Tutor Perini Corporation's profit margins?
Tutor Perini Corporation has 11.7% gross margin and 4.2% operating margin.
How much debt does Tutor Perini Corporation have?
Tutor Perini Corporation's Debt/EBITDA ratio is 1.7x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.