TPC (Tutor Perini) Operating Income: $226 Mil (TTM As of Mar. 2026)


TPC Tutor Perini Corp TPC
64 GF Score
Price $75.88
GF Value $32.59
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Tutor Perini Operating Income?

Tutor Perini TPC -4.57% 64 Operating Income is $226 Mil as of Mar. 2026. GuruFocus rates TPC with a GF Score™ of 64/100 and a GF Value™ of $32.59 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Tutor Perini's Operating Income for the three months ended in Mar. 2026 was $59 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $226 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tutor Perini's Operating Income for the three months ended in Mar. 2026 was $59 Mil. Tutor Perini's Revenue for the three months ended in Mar. 2026 was $1,389 Mil. Therefore, Tutor Perini's Operating Margin % for the quarter that ended in Mar. 2026 was 4.26%.

Tutor Perini's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tutor Perini's annualized ROC % for the quarter that ended in Mar. 2026 was 5.46%. Tutor Perini's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 49.83%.


Tutor Perini  (NYSE:TPC) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Tutor Perini's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=236.728 * ( 1 - 30.05% )/( (3039.57 + 3026.591)/ 2 )
=165.591236/3033.0805
=5.46 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5160.422 - 1386.299 - ( 734.553 - max(0, 3239.498 - 4116.885+734.553))
=3039.57

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5137.579 - 1308.009 - ( 802.979 - max(0, 3209.627 - 4099.082+802.979))
=3026.591

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Tutor Perini's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=274.728/( ( (547.995 + max(-661.776, 0)) + (554.766 + max(-712.883, 0)) )/ 2 )
=274.728/( ( 547.995 + 554.766 )/ 2 )
=274.728/551.3805
=49.83 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1887.503 + 0 + 675.63) - (1386.299 + 1838.61 + 4.5474735088646E-13)
=-661.776

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1837.746 + 0 + 650.889) - (1308.009 + 1893.509 + 0)
=-712.883

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Tutor Perini's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=59.182/1389.458
=4.26 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Tutor Perini Operating Income Related Terms


Tutor Perini Operating Income Historical Data

* Premium members only.

The historical data trend for Tutor Perini's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tutor Perini Operating Income Chart

Tutor Perini Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 226.80 -204.76 -114.60 -103.75 231.96

Tutor Perini Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 65.33 76.43 40.09 50.11 59.18
TPC
64GF Score
Tutor Perini Corp TPC
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Tutor Perini Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $226 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $226 Mil mean?
Tutor Perini (TPC) has a Operating Income of $226 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Tutor Perini and its competitors.
Is Tutor Perini's Operating Income too high?
Tutor Perini's current Operating Income is $226 Mil. Overall, Tutor Perini has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tutor Perini's Operating Income compare to KBR and PRIM?
Tutor Perini's Operating Income of $226 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Construction company?
A good Operating Income depends on the Construction industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Tutor Perini and its competitors. Tutor Perini's current Operating Income is $226 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tutor Perini stock overvalued right now?
Based on GuruFocus' analysis, Tutor Perini (TPC) is currently considered Significantly Overvalued. The stock's GF Value™ is $32.59, compared to a current price of $75.88 — trading 132.8% above its estimated fair value. The current Operating Income is $226 Mil. Tutor Perini's overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Tutor Perini (TPC), the current Operating Income is $226 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tutor Perini (TPC) Overvalued in 2026?

Based on GuruFocus' analysis, Tutor Perini stock appears to be overvalued. The current stock price of $75.88 is trading 132.8% above its estimated GF Value™ of $32.59. GuruFocus considers Tutor Perini to be Significantly Overvalued.

Key valuation signals for TPC:

  • Operating Income: $226 Mil
  • GF Value™: $32.59 vs. price of $75.88 (132.8% above fair value)
  • GF Score™: 64/100 with 3 warning signs

No single metric tells the full story. See the TPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tutor Perini Business Description

Other Exchanges PE2:Germany
Address 15901 Olden Street, Sylmar, CA, USA, 91342
Tutor Perini Corp offers general contracting, construction management, and design-build services to private and public customers. The company constructs and repairs transportation infrastructure, water-treatment facilities, and a wide range of buildings. Tutor Perini has three operating segments: Civil, Building, and Specialty Contractors. A majority of its revenue is generated from the Civil segment, which specializes in public works construction and the replacement and reconstruction of infrastructure. Its civil contracting services include construction and rehabilitation of highways, bridges, tunnels, mass-transit systems, military and other government facilities, and water management and wastewater treatment facilities. Geographically it derives key revenue from the United States.
64GF Score

Get the complete analysis for TPC

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$75.88
Price
$32.59
GF Value