Mass Transit (Includes Certain Transportation & Tunneling Projects) was Tutor Perini’s largest segment in fiscal 2025, bringing in $1.69B of $4.69B (36%).
| Segment | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Mass Transit (Includes Certain Transportation & Tunneling Projects) | $1.03B | $1.08B | $1.13B | $1.69B | ||||
| Healthcare Facilities | $179.00M | $294.67M | $590.85M | $943.91M | ||||
| Health Care Facilities | — | — | — | — | ||||
| Hospitality & Gaming | — | — | — | — | ||||
| Military Facilities | $258.03M | $348.13M | $436.51M | $382.51M | ||||
| Government | $329.66M | $380.87M | $302.03M | $191.52M | ||||
| Bridges | $265.13M | $204.03M | $170.07M | $378.50M | ||||
| Municipal & Government | — | — | — | — | ||||
| Commercial & Industrial Facilities | $251.85M | $213.00M | $115.47M | $142.53M | ||||
| Mixed Use | — | — | — | — | ||||
| Detention Facilities | — | $43.26M | $105.90M | $414.58M | ||||
| Education Facilities | $140.51M | $226.34M | $285.21M | $122.32M | ||||
| Other | $208.71M | $169.07M | $115.16M | $68.69M | ||||
| Highways | — | — | — | — | ||||
| Commercial & Industrial Sites | $70.71M | $118.88M | $133.80M | $82.52M | ||||
| Multi-Unit Residential | $112.94M | $114.52M | $84.98M | $102.35M | ||||
| Power & Energy | $46.77M | $70.66M | $129.85M | $144.75M | ||||
| Military Defense Facilities | — | — | — | — | ||||
| Water | $79.55M | $85.18M | $50.45M | $24.43M | ||||
| Sports & Entertainment | — | — | — | — | ||||
| Federal Government | — | — | — | — | ||||
| Total | $2.97B | $3.35B | $3.65B | $4.69B |
Tutor Perini brought in $4.69B from its 13 segments in fiscal 2025, the year ended December 31, 2025. That was up 28.6% from $3.65B in fiscal 2024. Mass Transit (Includes Certain Transportation & Tunneling Projects) was the largest at $1.69B (36.0%), ahead of Healthcare Facilities at $943.91M (20.1%) and Detention Facilities at $414.58M (8.8%). The other 10 segments brought in $1.64B combined.
Compared with fiscal 2024, Detention Facilities grew fastest, up 291.5% to $414.58M, while Education Facilities fell the most, down 57.1% to $122.32M.
Tutor Perini began breaking out Detention Facilities in fiscal 2023, when it brought in $43.26M.
Fixed Price was Tutor Perini’s largest revenue line in fiscal 2025, bringing in $2.44B of $4.56B (53%).
| Contract With Customer Basis Of Pricing | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Fixed Price | $1.62B | $1.79B | $2.44B |
| Guaranteed Maximum Price | $1.06B | $824.79M | $972.98M |
| Unit Price | $562.16M | $619.26M | $766.06M |
| Cost Plus Fee & Other | $531.89M | $420.07M | $385.87M |
| Total | $3.77B | $3.66B | $4.56B |
Tutor Perini brought in $4.56B from its four revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 24.8% from $3.66B in fiscal 2024. Fixed Price was the largest at $2.44B (53.4%), ahead of Guaranteed Maximum Price at $972.98M (21.3%) and Unit Price at $766.06M (16.8%). The remaining revenue line, Cost Plus Fee & Other, brought in $385.87M.
Compared with fiscal 2024, Fixed Price grew fastest, up 36.1% to $2.44B, while Cost Plus Fee & Other fell the most, down 8.1% to $385.87M. From fiscal 2023 to 2025, combined revenue from these revenue lines grew from $3.77B to $4.56B, a compound annual growth rate of 10.0%. Fixed Price's share of the total rose from 42.9% to 53.4%.
State & Local Agencies was Tutor Perini’s largest revenue line in fiscal 2025, bringing in $2.18B of $3.53B (62%).
| Major Customers | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| State & Local Agencies | $1.27B | $1.25B | $1.35B | $2.18B | ||||
| Private Owners | $613.07M | $397.23M | $582.11M | $877.62M | ||||
| Federal Agencies | $313.79M | $400.78M | $458.37M | $468.56M | ||||
| Total | $2.20B | $2.05B | $2.39B | $3.53B |
Tutor Perini brought in $3.53B from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That is less than the $4.69B it reports by segment, so these revenue lines do not cover all of its revenue. State & Local Agencies was the largest at $2.18B (61.8%), ahead of Private Owners at $877.62M (24.9%) and Federal Agencies at $468.56M (13.3%).
Compared with fiscal 2024, State & Local Agencies grew fastest, up 61.7% to $2.18B. Every revenue line above 2% of revenue grew.
Tutor Perini (TPC) reports its revenue by segment, by contract with customer basis of pricing and by major customers. In fiscal 2025, Mass Transit (Includes Certain Transportation & Tunneling Projects) was its largest segment, bringing in $1.69B (36.0% of the total), followed by Healthcare Facilities at $943.91M (20.1%).
Mass Transit (Includes Certain Transportation & Tunneling Projects) was Tutor Perini's largest segment in fiscal 2025, bringing in $1.69B, or 36.0% of the $4.69B total across its 13 segments.
Fixed Price was Tutor Perini's largest revenue line in fiscal 2025, bringing in $2.44B, or 53.4% of the $4.56B total across its four revenue lines.
Among Tutor Perini's segments that make up at least 2% of revenue, Detention Facilities grew fastest in fiscal 2025, up 291.5% from $105.90M to $414.58M.
Every figure comes from Tutor Perini's annual financial filings, as reported. Each line keeps the name Tutor Perini gives it, and years follow its fiscal calendar.
Tutor Perini's revenue by segment goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.