The adjusted EPS beat and record cash flow reinforce the investment thesis, but the revenue miss and GAAP EPS decline may cap upside. Watch for debt refinancing progress and H2 2026 new award announcements to drive backlog recovery.
Price Chart
Executive Summary
Tutor Perini reported Q1 2026 revenue of $1.39B (+11% YoY) and adjusted EPS of $1.03, beating consensus of $0.96 by 7.3%. However, GAAP EPS fell to $0.48 from $0.53 YoY due to higher share-based comp, and revenue missed the $1.43B consensus by 2.8%. Record operating cash flow of $146.9M (+542% YoY) and affirmed 2026 adjusted EPS guidance of $4.90-$5.30 support the bullish outlook, but the revenue miss and GAAP decline temper enthusiasm.
Key Financial Metrics
Key Facts
- Revenue $1,389,458,000, up 11% YoY, but below $1.43B consensus
- GAAP diluted EPS $0.48 vs $0.53 YoY; adjusted EPS $1.03 vs $0.65 YoY, beat $0.96 consensus
- Record Q1 operating cash flow $146.9M, up 542% from $22.9M
- Affirmed 2026 adjusted EPS guidance $4.90-$5.30
- Backlog $19.8B, down from $20.6B at year-end 2025 due to award timing
- Repurchased 277,578 shares for $20M at avg $72.03 per share
Financial Impact
Revenue beat $1.39B (miss by $40M vs consensus); adjusted EPS beat $1.03 vs $0.96 consensus; operating cash flow record $146.9M
Risk Factors
- Share-based compensation expense volatility linked to stock price
- Revenue miss vs consensus could pressure near-term sentiment
- Execution risk on large projects and impact of tariffs/inflation
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000077543-26-000112 |
| Document: tpc-20260506.htm | 0000077543-26-000112 |
| Document: 0000077543-26-000112-index-headers.html | 0000077543-26-000112 |
| Document: 0000077543-26-000112-index.html | 0000077543-26-000112 |
| Document: 0000077543-26-000112.txt | 0000077543-26-000112 |
| 8-K Data (Synthetic) | 0000077543-26-000112 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 14d ago | 8-K | $83.26 | awaiting T+20 | — | $80.81 (−2.94%) |
Sep 30, 2026 27d ago | GOVT-CONTRACT | $83.26 | awaiting T+20 | — | $80.81 (−2.94%) |
Sep 11, 2026 6w ago | GOVT-CONTRACT | $84.51 $83.49 | ▼ −1.21% | ▼ −3.72% | $80.81 (−4.38%) |
Sep 2, 2026 7w ago | Insider Cluster | $87.32 $86.73 | ▲ +0.68% | ▲ +0.47% | $80.81 (+7.46%) |
Sep 2, 2026 7w ago | GOVT-CONTRACT | $87.32 $86.73 | ▼ −0.68% | ▼ −0.22% | $80.81 (−7.46%) |
Aug 13, 2026 10w ago | GOVT-CONTRACT | $96.82 $84.51 | ▼ −12.71% | ▼ −10.72% | $80.81 (−16.54%) |
Jul 6, 2026 16w ago | 8-K | $79.91 $83.75 | ▲ +4.81% | ▲ +5.37% | $80.81 (+1.13%) |
May 26, 2026 22w ago | 8-K | $74.47 $81.56 | ▲ +9.52% | ▲ +11.42% | $80.81 (+8.51%) |
May 12, 2026 24w ago | GOVT-CONTRACT | $80.50 $73.54 | ▼ −8.65% | ▼ −8.03% | $80.81 (+0.39%) |
May 8, 2026 24w ago | GOVT-CONTRACT | $82.64 $71.41 | ▼ −13.59% | ▼ −13.29% | $80.81 (−2.22%) |
US Market Status
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