Tutor Perini: Large Backlog To Fuel Long-Term Growth, But A Pullback Is Underway

David Zanoni12K FollowersFollow5ShareSavePlay(10min)CommentsSummaryTutor Perini delivered record 2025 results, with revenue up 28% to $5.5B and strong momentum expected to continue into 2026.TPC's Civil segment drove margin expansion, with operating income nearly tripling to $391M and margin reaching a record 13.7%.Valuation remains attractive, with forward EV/EBITDA of 8.2 and forward P/E of 13.7-14.9x, both below sector medians.I maintain a 'HOLD' rating due to near-term technical risks and macro uncertainties, despite robust fundamentals and a high backlog. Michael H/DigitalVision via Getty Images I am providing continued coverage for Tutor Perini (TPC). TPC just reported positive results for Q4 2025. A lot of the positive revenue and earnings momentum that Tutor Perini experienced in 2025This article was written byDavid Zanoni12K FollowersFollowDavid focuses on growth & momentum stocks that are reasonably priced and likely to outperform the market over the long-term. He is a long term investor of quality stocks and uses options for strategy. David told investors to buy in March 2009 at the bottom of the financial crisis. The S&P 500 increased 367% and the Nasdaq increased 685% from 2009 through 2019. He wants to help make people money by investing in high-quality growth stocks.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The article is for informational purposes only (not a solicitation or recommendation to buy or sell stocks). David is not a registered investment adviser. Investors should do their own research or consult a financial adviser to determine what investments are appropriate for their individual situation. This article expresses my opinions, and I cannot guarantee that the information/results will be accurate. Investing in stocks involves risk and could result in losses.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.