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Why Tutor Perini Could Become the Quiet Compounder of 2026

Infrastructure Tailwinds Meet Execution Discipline

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TheDeepDiveResearch
Nov 02, 2025
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The Turnaround Few Are Watching

Every bull market creates a few surprise winners—companies that spend years underperforming, forgotten by analysts, only to quietly fix the fundamentals and come back stronger. Tutor Perini (NYSE: TPC) looks like one of them.

For nearly a decade, the company was written off as a “problem contractor” — weighed down by litigation, delayed cash collections, and razor-thin margins. Yet in 2025, that story changed. Tutor Perini delivered record operating cash flow, doubled its backlog to over $21 billion, paid down more than half its debt, and raised earnings guidance. The market barely noticed.

This is what makes TPC interesting right now: a misunderstood construction firm emerging from a long reset, positioned to ride a once-in-a-generation infrastructure boom while trading at valuations that still assume the worst.

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