Tutor Perini (TPC) FY2024 results: revenue $4.3 billion, up 11.5% on the year
Tutor Perini Corp. (TPC) reported revenue of $4.3 billion for fiscal 2024, the year ended 31 December 2024, up 11.5% on the year before. Net income was -$164 million, and diluted earnings per share $-3.13. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$4.3 billion
+11.5% on the year
FY2017FY2024
Operating margin
-2.4%
-3.0% a year earlier
FY2017FY2024
Net income
-$164 million
FY2017FY2024
Diluted EPS
-$3.13
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
504
308
207
+63.2%
Capital expenditure
37.4
53.0
59.8
-29.4%
Free cash flow
466
256
147
+82.4%
Free cash flow margin
10.8%
6.6%
3.9%
Cash from investing
-40.7
-78.2
-65.6
Cash from financing
-393
-109
-78.9
Depreciation and amortisation
53.8
45.2
64.4
+18.9%
Share-based compensation
40.4
12.3
9.1
+229.2%
Dividends paid
0.0
0.0
n/a
Diluted shares, weighted
52m
52m
51m
+0.9%
Shares outstanding at period end
52m
52m
52m
+0.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,135
1,292
1,450
-12.1%
Non-controlling interest
23.9
-7.7
-7.7
Debt
534
900
958
-40.6%
Operating lease liabilities
38.6
47.8
49.2
-19.2%
Other liabilities
2,511
2,198
2,093
+14.2%
Total liabilities and equity
4,243
4,430
4,543
-4.2%
Fixed assets
423
441
435
-4.1%
Goodwill
205
205
205
0.0%
Intangible assets
66.1
68.3
70.5
-3.3%
Securities held for sale or to maturity
247
217
160
+13.6%
Cash and equivalents
455
381
259
+19.6%
Receivables
987
1,054
1,171
-6.4%
Other assets
1,860
2,063
2,242
-9.9%
Total assets
4,243
4,430
4,543
-4.2%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.