Tutor Perini Corporation Common Stock (TPC)

FairStock Score: 45/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach this as a Graham-style asset investor and a Buffett-style business buyer. Tutor Perini is a competitive general contractor with three segments—Civil, Building, and Specialty Contractors—serving public and private clients. In fiscal Q2 2026, the quarter ended 2026-06-30, it reported $1.6 billion of revenue, $65.7 million of net income, and diluted EPS of $1.23. That follows $25.7 million of net income in fiscal Q1 2026, the quarter ended 2026-03-31, and is far better than fiscal Q2 2025, the quarter ended 2025-06-30, when net income was $20.0 million, or $0.38 per share. For FY2025, ended 2025-12-31, net income was $80.4 million on $5.5 billion of revenue, after losses of $163.7 million in fiscal 2024, ended 2024-12-31, and $171.2 million in fiscal 2023, ended 2023-12-31. The Lynch category is TURNAROUND, and that fits. But quality is mixed. The latest quarterly net margin was only 4.02%, ROCE is just 3.29%, and construction has little pricing power or wide moat. FairStock's trailing free cash flow is $621.3 million, a 14.2% FCF yield, which is attractive if repeatable. Yet at the 2026-10-13 close of $83.26, FairStock shows P/E 35.89, P/B 3.61, a Graham Number of $35.46, and a margin of safety of -134.8%. The Altman Z-Score of 1.27 warns of balance-sheet risk, even with D/E of 0.35. Piotroski 9/9 and ROE 13.74% are encouraging. This is a recovery priced for success; I would need more evidence that margins and returns on capital are durable before calling it a bargain.

In plain English: Tutor Perini builds and manages large construction projects, mostly public infrastructure and buildings. It has returned to profit after several loss-making years, and it generates a lot of cash, but profit margins are thin and the work is competitive. At $83.26 on 2026-10-13, the price looks high compared with its recent profits and net assets.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer