General contracting company Tutor Perini (NYSE: TPC) fell short of the market’s revenue expectations in Q1 CY2026, but sales rose 11.5% year on year to $1.39 billion. Its non-GAAP profit of $1.03 per share was 7.8% above analysts’ consensus estimates.

Is now the time to buy Tutor Perini? Find out by accessing our full research report, it’s free.

Company Overview

Known for constructing the Philadelphia Eagles’ Stadium, Tutor Perini (NYSE: TPC) is a civil and building construction company offering diversified general contracting and design-build services.

Revenue Growth

A company’s long-term performance is an indicator of its overall quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Unfortunately, Tutor Perini’s 1.5% annualized revenue growth over the last five years was sluggish. This was below our standards and is a poor baseline for our analysis.

We at StockStory place the most emphasis on long-term growth, but within industrials, a half-decade historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. Tutor Perini’s annualized revenue growth of 17% over the last two years is above its five-year trend, suggesting its demand recently accelerated.

This quarter, Tutor Perini’s revenue grew by 11.5% year on year to $1.39 billion but fell short of Wall Street’s estimates.

Looking ahead, sell-side analysts expect revenue to grow 14% over the next 12 months, a slight deceleration versus the last two years. Still, this projection is noteworthy and indicates the market sees success for its products and services.

ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable.

These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.

Operating Margin

Tutor Perini’s operating margin has risen over the last 12 months, leading to break even profits over the last five years. However, its large expense base and inefficient cost structure mean it still sports inadequate profitability for an industrials business. This result isn’t too surprising given its low gross margin as a starting point.

Analyzing the trend in its profitability, Tutor Perini’s operating margin might fluctuated slightly but has generally stayed the same over the last five years. This raises questions about the company’s expense base because its revenue growth should have given it leverage on its fixed costs, resulting in better economies of scale and profitability.

In Q1, Tutor Perini generated an operating margin profit margin of 4.3%, down 1 percentage points year on year. Conversely, its revenue and gross margin actually rose, so we can assume it was less efficient because its operating expenses like marketing, R&D, and administrative overhead grew faster than its revenue.

Earnings Per Share

We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company’s growth is profitable.

Tutor Perini’s EPS grew at 8.2% compounded annual growth rate over the last five years, higher than its 1.5% annualized revenue growth. However, we take this with a grain of salt because its operating margin didn’t improve and it didn’t repurchase its shares, meaning the delta came from reduced interest expenses or taxes.

Like with revenue, we analyze EPS over a shorter period to see if we are missing a change in the business.

For Tutor Perini, its two-year annual EPS growth of 102% was higher than its five-year trend. This acceleration made it one of the faster-growing industrials companies in recent history.

In Q1, Tutor Perini reported adjusted EPS of $1.03, up from $0.53 in the same quarter last year. This print beat analysts’ estimates by 7.8%. Over the next 12 months, Wall Street expects Tutor Perini’s full-year EPS of $3.10 to grow 70.4%.

Key Takeaways from Tutor Perini’s Q1 Results

We were impressed by how significantly Tutor Perini blew past analysts’ adjusted operating income expectations this quarter. We were also glad its full-year EPS guidance trumped Wall Street’s estimates. On the other hand, its revenue missed. Overall, we think this was a solid quarter with some key areas of upside. The market seemed to be hoping for more, and the stock traded down 5.8% to $91.31 immediately following the results.

So should you invest in Tutor Perini right now? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here (it’s free).