Tutor Perini reports $80M profit, $20B backlog signals more subcontractor work ahead
According to Construction Dive, Tutor Perini swung to an $80.4 million profit in 2025 after losing $163.7 million the previous year, with the Los Angeles-based megaproject contractor reporting its “best year ever” and a $20.6 billion backlog heading into 2026.
The civil construction giant has reduced outstanding litigation from 50 cases to 12 while securing better contract terms on large projects. CEO Gary Smalley said the company won nine projects valued at $16 billion over the past three years and expects “double-digit revenue and earnings growth” in 2026 as newer projects move from design into construction.
What It Means for Subcontractors
- More work ahead: The $20.6 billion backlog represents significant subcontracting opportunities as projects transition from design to active construction phases in 2026
- Specialty trades in demand: Tutor Perini’s focus on megaprojects typically requires specialized subcontractors for tunneling, heavy civil work, structural concrete, and complex mechanical systems
- Better payment climate: The company’s improved financial position and reduced legal disputes could mean more reliable payment terms for subcontractors on future projects
