TPC Tutor Perini Corporation Common Stock
About Tutor Perini Corporation Common Stock Company overview from Wikipedia
Tutor Perini Corporation is one of the largest general contractors in the United States. It was formed by the merger of Perini Corporation and Tutor-Saliba Corporation in 2008. As of 2025, it reported annual revenue of approximately $5.54 billion. Tutor Perini is headquartered in Sylmar, California, and works on construction projects throughout North America and certain overseas and international locations including Guam and the Indo-Pacific Region. Specific areas of focus are civil infrastructure such as bridges, highways, tunnels, airports, and mass transit systems, building infrastructure, and specialty contracting.
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Tutor Perini Corporation (formerly Perini Corporation) is one of the largest general contractors in the United States. It was formed by the merger of Perini Corporation and Tutor-Saliba Corporation in 2008. As of 2025, it reported annual revenue of approximately $5.54 billion. Tutor Perini is headquartered in Sylmar, California, and works on construction projects throughout North America and certain overseas and international locations including Guam and the Indo-Pacific Region. Specific areas of focus are civil infrastructure such as bridges, highways, tunnels, airports, and mass transit systems, building infrastructure (healthcare, education, municipal government, detention facilities, hospitality and gaming, multi-use, office towers, multi-unit residential towers, high-technology projects), and specialty contracting (electrical, mechanical, plumbing, heating, air conditioning and ventilation (HVAC), and fire protection systems).
History
A.G. Tutor Company, Inc
In 1949, Albert G. Tutor launched a family construction business, A.G. Tutor Company, Inc. His son Ronald joined the company in 1963, and the company expanded under his leadership. In 1972, the company partnered with N.M. Saliba. In 1981, Ron Tutor took the reins as president of the Tutor-Saliba Corporation.
Perini Corporation
Perini Corporation was founded in 1894 in Ashland, Massachusetts by a stonemason named Bonfiglio Perini. The company grew to become one of the region's most recognized heavy construction contractors. From 1931 to 2009, Perini was headquartered in Framingham, Massachusetts.
Under the direction of Bonfiglio's grandson, Lou Perini, the company moved into the real-estate business, developing|4500 acres in Palm Beach County, Florida. Later real-estate ventures were less successful, leaving Perini deeply in debt by the mid-1990s.
Tutor Perini Corporation
In 1997, Ron Tutor helped Perini Corp. recapitalize alongside investor Richard Blum. Tutor became CEO of Perini in 2000 and merged Perini with Tutor-Saliba in 2008 in a transaction valued at $862 million.
Perini was originally listed OTC on June 15, 1961, then subsequently listed on AMEX on May 12, 1970, then listed on the NYSE on April 1, 2004. It was headquartered in Framingham, Massachusetts until relocating to Sylmar, California in 2009.
In May 2009, Perini shareholders voted to change the company's name to Tutor Perini Corporation.
Acquisitions
In 2003, Perini acquired Florida-based James A. Cummings Inc.
In 2005, the company acquired Cherry Hill Construction, a Maryland-based contractor, and California-based Rudolph & Sletten, Inc.
January 2008, Perini acquired Desert Heating and Cooling (later renamed Desert Mechanical), a southwestern U.S. mechanical contractor
In 2009, Perini acquired Black Construction, based in Guam.
In January 2009, the corporation acquired Philadelphia-based building contractor Keating Building Corporation.
November 1, 2010 - Superior Gunite, a structural concrete firm headquartered in Lakeview Terrace, California.
January 3, 2011 – Fisk Electric, a provider of electrical and technological services headquartered in Houston.
April 4, 2011 – Anderson Companies, a general contractor headquartered in Gulfport, Mississippi.
June 1, 2011 – Frontier-Kemper Constructors, a provider of numerous construction services including civil construction, mine development, drilling, tunneling, and electrical services headquartered in Evansville, Indiana.
July 1, 2011 – Lunda Construction Company, provider of various construction services such as the construction, rehabilitation, and maintenance of bridges, railroads, and other civil structures headquartered in Black River Falls, Wisconsin.
July 1, 2011 – GreenStar Services Corporation, an electrical and mechanical services provider that is composed of three operating entities: Five Star Electric Corporation, WDF, and Nagelbush.
August 18, 2011 – Becho, Inc., a specialty construction company incorporated in 1979.
Notable projects
Controversies
In 2002, the firm and the City of San Francisco had a dispute over cost overruns, which settled in 2006 for $19 million with neither side admitting fault; the firm has continued to work on projects in San Francisco.
In March 2011, a jury in Brooklyn found Zohrab B. Marashlian, a former executive of Perini Corp.’s Civil Division, guilty of fraud in connection with construction projects. The judgment was vacated in April 2011 due to Marashalian's death prior to the completion of proceedings.
In In 2018, Tutor Perini and a subcontractor were alleged to have installed standard-strength train rails rather than high-strength rails requested by a San Francisco construction contract. Tutor Perini argued that they were in "full compliance" with the contract specification, as the city requested the special rails only for certain segments of track, such as tight turns. Emails suggested the city knew about the installation of "standard" rails as early as 2015. The city later stated "it is not a safety issue we’re concerned about" but rather about the longevity of the rails. The rails were replaced without incident.
In 2025, a lawsuit regarding the construction of a hotel in Philadelphia was advanced to the damages phase to determine the impact of a construction delay related to concrete flooring. In 2026 Tutor Perini was ordered to pay $174,400,000 for the delays, costs and interest, including $31,000,000 in damages.
Divisions and subsidiaries
Civil
Tutor Perini Civil
Frontier-Kemper Constructors, Inc.
Lunda Construction Company
Black Construction Corporation
Becho, Inc.
Building
Tutor Perini Building Corp.
Rudolph and Sletten, Inc.
Roy Anderson Corp
Perini Management Services, Inc.
Specialty
Desert Mechanical, Inc.
Fisk Electric Company
Five Star Electric
Nagelbush Mechanical
WDF Inc.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
TPC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
TPC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| May 21, 2026 | $0.0600 |
| March 10, 2026 | $0.0600 |
| Dec. 9, 2025 | $0.0600 |
| Nov. 2, 2010 | $1.0000 |
| Nov. 20, 1990 | $0.2000 |
| Aug. 22, 1990 | $0.2000 |
| May 21, 1990 | $0.2000 |
| Feb. 16, 1990 | $0.2000 |
TPC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 2 22.2%
- Buy 6 66.7%
- Hold 1 11.1%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
4 analysts · 2026-08-16Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.74 | $1.26 | 0.48% |
| March 31, 2026 | $1.03 | $0.80 | 0.23% |
| Dec. 31, 2025 | $0.54 | $0.58 | -0.04% |
| Sept. 30, 2025 | $0.07 | $0.61 | -0.54% |
| June 30, 2025 | $0.38 | $0.34 | 0.04% |
| March 31, 2025 | $0.53 | $0.09 | 0.44% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| TPC | $3.54B | 44.4 | 28.1% | 1.5% | 6.8% | 11.7% |
| FLR | — | -127.8 | -5.0% | — | — | — |
| ROAD | — | 69.0 | 54.2% | 3.6% | 11.8% | 15.6% |
| MWH | — | — | — | — | — | — |
| GVA | $5.02B | 29.9 | 10.4% | 4.4% | 17.6% | 16.1% |
| MYRG | $3.39B | 29.0 | 8.8% | 3.2% | 19.0% | 11.6% |
| PRIM | $6.71B | 24.7 | 19.0% | 3.6% | 17.1% | 10.7% |
| WSC | $3.41B | -64.9 | -4.8% | -2.3% | -5.6% | 51.0% |
| CTRI | $2.61B | 103.8 | 13.1% | 0.75% | 3.1% | 8.3% |
| CDNL | — | — | 44.7% | 5.0% | 27.9% | — |
| AMRC | — | 35.7 | 28.8% | — | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.54B | $4.33B | $3.88B | $3.79B | $4.64B | $5.32B | $4.45B | $4.45B | $4.76B | $4.97B | |
| Cost of Revenue | $4.90B | $4.13B | $3.74B | $3.76B | $4.18B | $4.83B | $4.21B | $4.00B | $4.30B | $4.52B | |
| Gross Profit | $648M | $197M | $141M | $30M | $466M | $486M | $242M | $454M | $454M | $457M | |
| SG&A Expense | $416M | $301M | $255M | $234M | $240M | $224M | $227M | $263M | $275M | $255M | |
| Operating Income | $232M | $-104M | $-115M | $-205M | $227M | $262M | $-365M | $192M | $179M | $202M | |
| Interest Expense | · | · | $85M | $70M | $69M | $76M | $67M | $64M | $69M | $60M | |
| Other Non-op | $28M | $20M | $17M | $7M | $2M | $-12M | $7M | $4M | $44M | $7M | |
| Pretax Income | $205M | $-173M | $-183M | $-268M | $160M | $174M | $-426M | $133M | $154M | $149M | |
| Income Tax | $61M | $-51M | $-55M | $-75M | $26M | $22M | $-66M | $35M | $-569.0K | $53M | |
| Net Income | $80M | $-164M | $-171M | $-210M | $92M | $108M | $-388M | $83M | $148M | $96M | |
| EPS (Basic) | $1.53 | $-3.13 | $-3.30 | $-4.09 | $1.80 | $2.14 | $-7.72 | $1.67 | $2.99 | $1.95 | |
| EPS (Diluted) | $1.51 | $-3.13 | $-3.30 | $-4.09 | $1.79 | $2.12 | $-7.72 | $1.66 | $2.92 | $1.92 | |
| Shares (Basic) | 52,693,000 | 52,322,000 | 51,845,000 | 51,324,000 | 51,017,000 | 50,656,000 | 50,220,000 | 49,952,000 | 49,647,000 | 49,150,000 | |
| Shares (Diluted) | 53,413,000 | 52,322,000 | 51,845,000 | 51,324,000 | 51,369,000 | 51,077,000 | 50,220,000 | 50,301,000 | 50,759,000 | 49,864,000 | |
| EBITDA | $232M | $-104M | $-115M | $-205M | $227M | $262M | $-365M | $192M | $179M | $269M |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $735M | $455M | $381M | $259M | $202M | $374M | $194M | $116M | $193M | $146M | |
| Receivables | $1.22B | $987M | $1.05B | $1.17B | $1.45B | $1.42B | $1.35B | $1.26B | $1.27B | $1.74B | |
| Other Current Assets | $411M | $193M | $218M | $179M | $187M | $249M | $197M | $116M | $89M | $66M | |
| Current Assets | $4.12B | $3.29B | $3.52B | $3.68B | $3.86B | $4.08B | $3.51B | $3.18B | $3.07B | $2.84B | |
| PP&E (Net) | $548M | $423M | $441M | $435M | $430M | $489M | $510M | $491M | $467M | $478M | |
| PP&E (Gross) | $1.12B | $989M | $975M | $941M | $913M | $924M | $898M | $834M | $827M | $791M | |
| Accum. Depreciation | $570M | $566M | $534M | $506M | $483M | $434M | $388M | $344M | $359M | $314M | |
| Goodwill | $205M | $205M | $205M | $205M | $205M | $205M | $205M | $585M | $585M | $585M | |
| Intangibles | $64M | $66M | $68M | $71M | $85M | $123M | $155M | $86M | $89M | $93M | |
| Other Non-current Assets | $130M | $119M | $120M | $137M | $143M | $148M | $105M | $51M | $48M | $45M | |
| Total Assets | $5.16B | $4.24B | $4.43B | $4.54B | $4.72B | $5.05B | $4.49B | $4.39B | $4.26B | $4.04B | |
| Accounts Payable | $725M | $631M | $467M | $495M | $512M | $795M | $683M | $622M | $700M | $994M | |
| Accrued Liabilities | $396M | $220M | $214M | $180M | $210M | $215M | $207M | $174M | $132M | $108M | |
| Current Liabilities | $3.24B | $2.33B | $2.12B | $1.97B | $1.78B | $2.26B | $2.11B | $1.60B | $1.58B | $1.52B | |
| Capital Leases | $52M | $39M | $48M | $49M | $50M | $51M | $32M | · | · | · | |
| Deferred Tax | $0 | $0 | $956.0K | $5M | $71M | $83M | $36M | $106M | · | · | |
| Other Non-current Liabilities | $265M | $241M | $238M | $240M | $234M | $230M | $199M | $152M | $163M | $162M | |
| Total Liabilities | $3.90B | $3.08B | $3.15B | $3.10B | $3.05B | $3.50B | $3.06B | $2.60B | $2.56B | $2.49B | |
| Long-term Debt | $407M | $534M | $900M | $958M | $994M | $1.03B | $834M | $762M | $736M | $760M | |
| Total Debt | $393M | $510M | $782M | $888M | $969M | $925M | $710M | $745M | $706M | $760M | |
| Common Stock | $53M | $52M | $52M | $52M | $51M | $51M | $50M | $50M | $50M | $49M | |
| Retained Earnings | $46M | $-31M | $133M | $304M | $514M | $422M | $314M | $702M | $622M | $474M | |
| AOCI | $-29M | $-34M | $-40M | $-47M | $-44M | $-47M | $-42M | $-45M | $-43M | $-45M | |
| Stockholders' Equity | $1.22B | $1.13B | $1.29B | $1.45B | $1.65B | $1.55B | $1.44B | $1.81B | $1.71B | $1.55B | |
| Liabilities + Equity | $5.16B | $4.24B | $4.43B | $4.54B | $4.72B | $5.05B | $4.49B | $4.39B | $4.26B | $4.04B | |
| Shares Outstanding | 52,791,451 | 52,485,719 | 52,025,497 | 51,521,336 | 51,095,706 | 50,827,205 | 50,278,816 | 50,025,996 | 49,781,010 | 49,211,353 |
Cash Flow 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $50M | $54M | $45M | $64M | $118M | $107M | $65M | $47M | $52M | $67M | |
| Stock-based Comp | $150M | $40M | $12M | $9M | $12M | $12M | $19M | $23M | $21M | $13M | |
| Deferred Tax | $47M | $-78M | $-65M | $-79M | $-14M | $48M | $-72M | $-449.0K | $-23M | $-10M | |
| Amort. of Intangibles | $2M | $2M | $2M | $15M | $35M | $32M | $6M | $4M | $4M | $4M | |
| Other Non-cash | · | · | · | · | · | · | · | · | · | $-144M | |
| Operating Cash Flow | $748M | $504M | $308M | $207M | $-148M | $173M | $137M | $21M | $164M | $113M | |
| CapEx | $181M | $37M | $53M | $60M | $39M | $55M | $84M | $77M | $30M | $16M | |
| Investing Cash Flow | $-257M | $-41M | $-78M | $-66M | $-37M | $-46M | $-76M | $-70M | $-87M | $-14M | |
| Dividends Paid | $3M | $0 | $0 | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-185M | $-393M | $-109M | $-79M | $-55M | $123M | $22M | $-29M | $-75M | $-24M | |
| Net Change in Cash | $306M | $70M | $121M | $62M | $-240M | $250M | $82M | $-78M | $1M | $75M | |
| Taxes Paid | $9M | $18M | $828.0K | $10M | $-8M | $11M | $43M | $14M | $40M | $27M | |
| Free Cash Flow | $567M | $466M | $256M | $147M | $-187M | $118M | $52M | $-56M | $133M | $98M | |
| Levered FCF | · | · | $196M | $97M | $-245M | $51M | $-5M | $-103M | $64M | $59M |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 11.7% | 4.5% | 3.6% | 0.78% | 10.1% | 9.1% | 5.4% | 10.2% | · | · | |
| Operating Margin | 4.2% | -2.4% | -2.9% | -5.4% | 4.9% | 4.9% | -8.2% | 4.3% | · | · | |
| Net Margin | 1.5% | -3.8% | -4.4% | -5.5% | 2.0% | 2.0% | -8.7% | 1.9% | · | · | |
| Pretax Margin | 3.7% | -4.0% | -4.7% | -7.1% | 3.4% | 3.3% | -9.6% | 3.0% | · | · | |
| EBITDA Margin | 4.2% | -2.4% | -2.9% | -5.4% | 4.9% | 4.9% | -8.2% | 4.3% | · | · | |
| ROA | 1.7% | -3.8% | -3.8% | -4.5% | 1.9% | 2.3% | -8.7% | 1.9% | 3.6% | 2.4% | |
| ROE | 6.8% | -13.5% | -12.5% | -13.5% | 5.7% | 7.2% | -23.9% | 4.7% | 9.1% | 6.5% | |
| ROIC | 10.1% | -4.5% | -3.9% | -6.3% | 7.3% | 9.2% | -14.4% | 5.5% | 7.4% | 5.6% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.3 | 1.4 | 1.7 | 1.9 | 2.2 | 1.8 | 1.7 | 2.0 | 1.9 | 1.9 | |
| Quick Ratio | 0.6 | 0.6 | 0.7 | 0.7 | 0.9 | 0.8 | 0.7 | 0.9 | 1.3 | 1.2 | |
| Debt / Equity | 0.3 | 0.4 | 0.6 | 0.6 | 0.6 | 0.6 | 0.5 | 0.4 | 0.4 | 0.5 | |
| LT Debt / Equity | 0.3 | 0.4 | 0.6 | 0.6 | 0.6 | 0.6 | 0.5 | 0.4 | 0.4 | 0.4 | |
| Interest Coverage | · | · | -1.3 | -2.9 | 3.3 | 3.4 | -5.4 | 3.0 | 2.6 | 3.4 |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.2 | 1.0 | 0.9 | 0.8 | 1.0 | 1.1 | 1.0 | 1.0 | · | · | |
| Receivables Turnover | 5.0 | 4.2 | 3.5 | 2.9 | 3.2 | 3.8 | 3.4 | 3.5 | · | · |
Growth Rates 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 28.1% | 11.5% | 2.4% | -18.3% | -12.7% | · | · | · | · | · | |
| Revenue CAGR 3Y | 13.5% | -2.3% | -10.0% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 0.83% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | · | · | · | -15.6% | · | · | · | · | · | |
| EPS CAGR 5Y | -6.6% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | · | · | · | · | -15.2% | · | · | · | · | · | |
| Net Income CAGR 5Y | -5.8% | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $5.54B | $4.33B | $3.88B | $3.79B | $4.64B | $5.32B | $4.45B | $4.45B | $4.76B | $4.97B | |
| Net Income TTM | $80M | $-164M | $-171M | $-210M | $92M | $108M | $-388M | $83M | $148M | $96M | |
| Market Cap | $3.54B | $1.27B | $473M | $389M | $632M | $658M | $647M | $799M | $1.26B | $1.38B | |
| Enterprise Value | $3.20B | $1.33B | $875M | $1.02B | $1.40B | $1.21B | $1.16B | $1.43B | $1.77B | $1.99B | |
| P/E | 44.4 | -7.7 | -2.8 | -1.8 | 6.9 | 6.1 | -1.7 | 9.6 | 8.7 | 14.6 | |
| P/S | 0.6 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.3 | |
| P/B | 2.9 | 1.1 | 0.4 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.7 | 0.9 | |
| P / Tangible Book | 3.7 | 1.5 | 0.5 | 0.3 | 0.5 | 0.5 | · | · | · | · | |
| P / Cash Flow | 4.7 | 2.5 | 1.5 | 1.9 | -4.3 | 3.8 | 4.7 | 37.3 | 7.7 | 12.2 | |
| P / FCF | 6.2 | 2.7 | 1.9 | 2.6 | -3.4 | 5.6 | 12.4 | -14.4 | 9.5 | 14.1 | |
| EV / EBITDA | 13.8 | -12.8 | -7.6 | -5.0 | 6.2 | 4.6 | -3.2 | 7.4 | 9.9 | 7.4 | |
| EV / FCF | 5.6 | 2.8 | 3.4 | 6.9 | -7.5 | 10.2 | 22.2 | -25.6 | 13.3 | 20.4 | |
| EV / Revenue | 0.6 | 0.3 | 0.2 | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 | 0.4 | 0.4 | |
| Dividend Yield | 0.09% | 0.00% | 0.00% | · | · | · | · | · | · | · | |
| Earnings Yield | 2.2% | -12.9% | -36.3% | -54.2% | 14.5% | 16.4% | -60.0% | 10.4% | 11.5% | 6.9% | |
| Payout Ratio | 3.9% | · | · | · | · | · | · | · | · | · | |
| Annual Payout | $3M | $0 | $0 | · | · | · | · | · | · | · |
Income Statement 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.64B | $1.39B | $1.51B | $1.42B | $1.37B | $1.25B | $1.07B | $1.08B | $1.13B | $1.05B | $1.02B | $1.06B | $1.02B | $776M | $907M | $1.07B | |
| Cost of Revenue | $1.43B | $1.23B | $1.36B | $1.25B | $1.18B | $1.11B | $1.08B | $1.11B | $1.01B | $934M | $973M | $1.01B | $957M | $800M | $943M | $1.02B | |
| Gross Profit | $211M | $155M | $148M | $169M | $196M | $134M | $-9M | $-26M | $117M | $115M | $49M | $51M | $65M | $-24M | $-37M | $50M | |
| SG&A Expense | $94M | $95M | $98M | $129M | $120M | $69M | $77M | $81M | $77M | $66M | $71M | $63M | $63M | $58M | $61M | $57M | |
| Operating Income | $118M | $59M | $50M | $40M | $76M | $65M | $-86M | $-107M | $40M | $49M | $-22M | $-13M | $2M | $-82M | $-97M | $-7M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $19M | · | $20M | $22M | $22M | · | $17M | |
| Other Non-op | $11M | $11M | $9M | $7M | $6M | $5M | $4M | $4M | $6M | $5M | $5M | $3M | $3M | $6M | $2M | $397.0K | |
| Pretax Income | $115M | $57M | $46M | $34M | $69M | $56M | $-108M | $-124M | $23M | $35M | $-39M | $-30M | $-17M | $-97M | $-116M | $-24M | |
| Income Tax | $31M | $17M | $11M | $15M | $22M | $13M | $-31M | $-34M | $7M | $7M | $-3M | $-4M | $194.0K | $-48M | $-28M | $560.0K | |
| Net Income | $66M | $26M | $29M | $4M | $20M | $28M | $-79M | $-101M | $812.0K | $16M | $-48M | $-37M | $-38M | $-49M | $-93M | $-32M | |
| EPS (Basic) | $1.25 | $0.49 | $0.55 | $0.07 | $0.38 | $0.53 | $-1.53 | $-1.92 | $0.02 | $0.30 | $-0.92 | $-0.71 | $-0.72 | $-0.95 | $-1.81 | $-0.63 | |
| EPS (Diluted) | $1.23 | $0.48 | $0.53 | $0.07 | $0.38 | $0.53 | $-1.53 | $-1.92 | $0.02 | $0.30 | $-0.92 | $-0.71 | $-0.72 | $-0.95 | $-1.81 | $-0.63 | |
| Shares (Basic) | 52,601,000 | 52,736,000 | -105,311,000 | 52,743,000 | 52,724,000 | 52,537,000 | -104,505,000 | 52,408,000 | 52,327,000 | 52,092,000 | -103,503,000 | 51,994,000 | 51,803,000 | 51,551,000 | -102,463,000 | 51,404,000 | |
| Shares (Diluted) | 53,472,000 | 53,750,000 | -106,455,000 | 53,664,000 | 53,194,000 | 53,010,000 | -105,449,000 | 52,408,000 | 52,848,000 | 52,515,000 | -103,503,000 | 51,994,000 | 51,803,000 | 51,551,000 | -102,463,000 | 51,404,000 | |
| EBITDA | $118M | $59M | · | $40M | $76M | $65M | · | $-107M | $40M | $49M | · | $-13M | $2M | $-82M | · | $-7M |
Balance Sheet 26
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $938M | $803M | $735M | $696M | $526M | $276M | $455M | $287M | $267M | $358M | · | $290M | $264M | $283M | · | $323M | |
| Receivables | $1.18B | $1.14B | $1.22B | $1.30B | $1.34B | $1.30B | $987M | $1.31B | $1.09B | $1.06B | · | $1.16B | $1.23B | $1.14B | · | $1.25B | |
| Other Current Assets | $340M | $371M | $411M | $431M | $370M | $199M | $193M | $188M | $188M | $199M | · | $240M | $166M | $132M | · | $196M | |
| Current Assets | $4.30B | $4.10B | $4.12B | $4.17B | $3.90B | $3.49B | $3.29B | $3.45B | $3.40B | $3.47B | · | $3.57B | $3.55B | $3.53B | · | $3.91B | |
| PP&E (Net) | $578M | $555M | $548M | $491M | $455M | $441M | $423M | $427M | $434M | $439M | · | $447M | $445M | $442M | · | $430M | |
| PP&E (Gross) | · | · | $1.12B | · | · | · | $989M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | $584M | $579M | $570M | $568M | $560M | $578M | $566M | $559M | $549M | $547M | · | $525M | $520M | $511M | · | $501M | |
| Goodwill | $205M | $205M | $205M | $205M | $205M | $205M | $205M | $205M | $205M | $205M | $205M | $205M | $205M | $205M | $205M | $205M | |
| Intangibles | $63M | $63M | $64M | $64M | $65M | $66M | $66M | $67M | $67M | $68M | · | $69M | $69M | $70M | · | $71M | |
| Other Non-current Assets | $148M | $133M | $130M | $130M | $130M | $120M | $119M | $125M | $124M | $122M | · | $124M | $203M | $232M | · | $149M | |
| Total Assets | $5.36B | $5.14B | $5.16B | $5.17B | $4.87B | $4.45B | $4.24B | $4.39B | $4.29B | $4.37B | · | $4.49B | $4.47B | $4.48B | · | $4.76B | |
| Accounts Payable | $731M | $679M | $725M | $647M | $716M | $758M | $631M | $652M | $623M | $600M | · | $559M | $488M | $472M | · | $590M | |
| Accrued Liabilities | $396M | $353M | $396M | $378M | $275M | $239M | $220M | $277M | $208M | $192M | · | $199M | $196M | $172M | · | $217M | |
| Current Liabilities | $3.35B | $3.21B | $3.24B | $3.21B | $2.96B | $2.63B | $2.33B | $2.23B | $2.06B | $2.04B | · | $2.04B | $1.96B | $1.93B | · | $2.04B | |
| Capital Leases | $55M | $55M | $52M | $49M | $50M | $41M | $39M | $50M | $50M | $50M | · | $47M | $47M | $48M | · | $59M | |
| Deferred Tax | · | · | $0 | · | · | · | $0 | · | · | · | · | · | · | · | · | $14M | |
| Other Non-current Liabilities | $286M | $272M | $265M | $310M | $281M | $247M | $241M | $267M | $259M | $244M | · | $238M | $239M | $238M | · | $253M | |
| Total Liabilities | $4.03B | $3.87B | $3.90B | $3.91B | $3.63B | $3.27B | $3.08B | $3.15B | $2.98B | $3.07B | · | $3.15B | $3.10B | $3.09B | · | $3.24B | |
| Long-term Debt | $396M | $399M | $407M | $413M | $419M | $406M | $534M | $681M | $676M | $801M | · | $905M | $926M | $981M | · | $961M | |
| Total Debt | $391M | $391M | · | $393M | $393M | $392M | · | $656M | $658M | $780M | · | $877M | $906M | $914M | · | $934M | |
| Common Stock | $53M | $53M | $53M | $53M | $53M | $53M | $52M | $52M | $52M | $52M | · | $52M | $52M | $52M | · | $51M | |
| Retained Earnings | $110M | $55M | $46M | $21M | $17M | $-3M | $-31M | $49M | $150M | $149M | · | $181M | $218M | $255M | · | $397M | |
| AOCI | $-32M | $-31M | $-29M | $-30M | $-30M | $-32M | $-34M | $-36M | $-40M | $-40M | · | $-46M | $-45M | $-45M | · | $-52M | |
| Stockholders' Equity | $1.27B | $1.21B | $1.22B | $1.19B | $1.19B | $1.16B | $1.13B | $1.21B | $1.31B | $1.31B | · | $1.33B | $1.37B | $1.40B | · | $1.54B | |
| Liabilities + Equity | $5.36B | $5.14B | $5.16B | $5.17B | $4.87B | $4.45B | $4.24B | $4.39B | $4.29B | $4.37B | · | $4.49B | $4.47B | $4.48B | · | $4.76B | |
| Shares Outstanding | 52,569,117 | 52,614,703 | 52,791,451 | 52,743,248 | 52,743,248 | 52,702,538 | 52,485,719 | 52,434,803 | 52,389,430 | 52,284,162 | · | 52,022,169 | 51,969,840 | 51,644,903 | · | 51,485,216 |
Cash Flow 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $10M | $11M | $12M | $12M | $13M | $13M | $13M | $14M | $14M | $14M | $13M | $11M | $10M | $10M | $10M | $16M | |
| Stock-based Comp | $28M | $30M | $29M | $59M | $55M | $7M | $1M | $17M | $17M | $6M | $3M | $3M | $3M | $3M | $1M | $3M | |
| Amort. of Intangibles | $600.0K | $559.0K | $577.0K | $600.0K | $500.0K | $560.0K | $477.0K | $600.0K | $600.0K | $559.0K | $478.0K | $600.0K | $600.0K | $559.0K | $521.0K | $4M | |
| Operating Cash Flow | $187M | $147M | $174M | $289M | $262M | $23M | $330M | $23M | $53M | $98M | $128M | $103M | $56M | $21M | $-44M | $73M | |
| CapEx | $34M | $18M | $75M | $49M | $27M | $30M | $9M | $7M | $11M | $10M | $7M | $15M | $13M | $18M | $17M | $14M | |
| Investing Cash Flow | $-48M | $-44M | $-126M | $-63M | $-44M | $-24M | $-13M | $-3M | $-14M | $-10M | $-35M | $-14M | $-22M | $-7M | $-27M | $-11M | |
| Stock Repurchased | $10M | $20M | · | · | $0 | $0 | · | · | · | · | · | · | · | · | · | · | |
| Net Stock Activity | · | $-20M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid | $3M | $3M | · | · | $0 | $0 | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-21M | $-46M | $-35M | $-15M | $12M | $-146M | $-153M | $3M | $-133M | $-110M | $-30M | $-31M | $-62M | $14M | $-126.0K | $-30M | |
| Net Change in Cash | $118M | $57M | $12M | $211M | $230M | $-147M | $163M | $22M | $-94M | $-22M | $63M | $57M | $-28M | $29M | $-71M | $31M | |
| Free Cash Flow | · | $129M | · | · | · | $-7M | · | · | · | $88M | · | · | · | $4M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $73M | · | · | · | $-7M | · | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 12.9% | 11.1% | · | 12.0% | 14.3% | 10.8% | · | -2.4% | 10.4% | 11.0% | · | 4.8% | 6.4% | -3.1% | · | 4.7% | |
| Operating Margin | 7.2% | 4.3% | · | 2.8% | 5.6% | 5.2% | · | -9.9% | 3.6% | 4.7% | · | -1.2% | 0.23% | -10.6% | · | -0.64% | |
| Net Margin | 4.0% | 1.8% | · | 0.26% | 1.5% | 2.2% | · | -9.3% | 0.07% | 1.5% | · | -3.5% | -3.7% | -6.3% | · | -3.0% | |
| Pretax Margin | 7.0% | 4.1% | · | 2.4% | 5.0% | 4.5% | · | -11.4% | 2.1% | 3.3% | · | -2.8% | -1.6% | -12.5% | · | -2.2% | |
| EBITDA Margin | 7.2% | 4.3% | · | 2.8% | 5.6% | 5.2% | · | -9.9% | 3.6% | 4.7% | · | -1.2% | 0.23% | -10.6% | · | -0.64% | |
| ROA | 1.3% | 0.54% | · | 0.08% | 0.44% | 0.63% | · | -2.3% | 0.02% | 0.36% | · | -0.80% | -0.82% | -1.1% | · | -0.68% | |
| ROE | 5.4% | 2.2% | · | 0.30% | 1.6% | 2.3% | · | -7.9% | 0.06% | 1.2% | · | -2.6% | -2.6% | -3.2% | · | -2.1% | |
| ROIC | 5.2% | 2.6% | · | 1.4% | 3.3% | 3.2% | · | -4.1% | 1.4% | 1.8% | · | -0.49% | 0.11% | -1.8% | · | -0.29% |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.3 | 1.3 | · | 1.3 | 1.3 | 1.3 | · | 1.5 | 1.6 | 1.7 | · | 1.8 | 1.8 | 1.8 | · | 1.9 | |
| Quick Ratio | 0.6 | 0.6 | · | 0.6 | 0.6 | 0.6 | · | 0.7 | 0.7 | 0.7 | · | 0.7 | 0.8 | 0.7 | · | 0.8 | |
| Debt / Equity | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.5 | 0.5 | 0.6 | · | 0.7 | 0.7 | 0.7 | · | 0.6 | |
| LT Debt / Equity | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.5 | 0.5 | 0.6 | · | 0.7 | 0.7 | 0.7 | · | 0.6 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 2.5 | · | -0.6 | 0.1 | -3.8 | · | -0.4 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.2 | 0.3 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | |
| Receivables Turnover | 1.3 | 1.1 | · | 1.1 | 1.1 | 1.1 | · | 0.9 | 1.0 | 1.0 | · | 0.9 | 0.8 | 0.6 | · | 0.8 |
Valuation (TTM) 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $5.82B | $5.43B | · | $5.12B | $4.83B | $4.51B | · | $4.32B | $4.26B | $3.91B | · | $3.93B | $3.73B | $3.66B | · | $4.06B | |
| Net Income TTM | $115M | $77M | · | $-49M | $-52M | $-56M | · | $-121M | $-58M | $-108M | · | $-156M | $-182M | $-166M | · | $-102M | |
| Market Cap | $4.36B | $4.06B | · | $3.46B | $2.47B | $1.22B | · | $1.42B | $1.14B | $756M | · | $407M | $372M | $319M | · | $284M | |
| Enterprise Value | $3.81B | $3.65B | · | $3.16B | $2.33B | $1.34B | · | $1.79B | $1.53B | $1.18B | · | $994M | $1.01B | $950M | · | $895M | |
| P/E | 38.4 | 52.9 | · | -69.8 | -47.3 | -21.7 | · | -11.8 | -19.6 | -7.0 | · | -2.6 | -2.0 | -1.9 | · | -2.8 | |
| P/S | 0.8 | 0.7 | · | 0.7 | 0.5 | 0.3 | · | 0.3 | 0.3 | 0.2 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| P/B | 3.4 | 3.3 | · | 2.9 | 2.1 | 1.1 | · | 1.2 | 0.9 | 0.6 | · | 0.3 | 0.3 | 0.2 | · | 0.2 | |
| P / Tangible Book | 4.4 | 4.3 | · | 3.8 | 2.7 | 1.4 | · | 1.5 | 1.1 | 0.7 | · | 0.4 | 0.3 | 0.3 | · | 0.2 | |
| P / Cash Flow | · | 27.7 | · | · | · | 53.4 | · | · | · | 7.7 | · | · | · | 14.9 | · | · | |
| P / FCF | · | 31.5 | · | · | · | -168.7 | · | · | · | 8.6 | · | · | · | 90.2 | · | · | |
| EV / EBITDA | 32.4 | 61.7 | · | 78.7 | 30.5 | 20.5 | · | -16.8 | 37.8 | 24.1 | · | -79.1 | 424.5 | -11.6 | · | -129.9 | |
| EV / FCF | · | 28.3 | · | · | · | -184.6 | · | · | · | 13.4 | · | · | · | 269.1 | · | · | |
| EV / Revenue | 0.7 | 0.7 | · | 0.6 | 0.5 | 0.3 | · | 0.4 | 0.4 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.2 | |
| Earnings Yield | 2.6% | 1.9% | · | -1.4% | -2.1% | -4.6% | · | -8.5% | -5.1% | -14.4% | · | -38.4% | -49.4% | -52.3% | · | -35.9% | |
| Payout Ratio | · | 12.8% | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $5.54B | $4.33B | $3.88B | $3.79B | $4.64B |
| Gross Margin % | 11.7% | 4.5% | 3.6% | 0.78% | 10.1% |
| Operating Margin % | 4.2% | -2.4% | -2.9% | -5.4% | 4.9% |
| Net Income | $80M | $-164M | $-171M | $-210M | $92M |
| Diluted EPS | $1.51 | $-3.13 | $-3.30 | $-4.09 | $1.79 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.3 | 0.4 | 0.6 | 0.6 | 0.6 |
| Current Ratio | 1.3 | 1.4 | 1.7 | 1.9 | 2.2 |
| Quick Ratio | 0.6 | 0.6 | 0.7 | 0.7 | 0.9 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $567M | $466M | $256M | $147M | $-187M |
Latest News Recent headlines mentioning this company
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Institutional owners (13F) 363 filers · $2.6B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 55 (-7 vs prior Q) | 38 (+6 vs prior Q) | 128 (+27 vs prior Q) | 106 (-14 vs prior Q) | +4.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| AMERICAN CENTURY COMPANIES INC | $189,444,654 | 2,283,291 | 7.19% | Shares |
| Capital International Investors | $187,496,685 | 2,259,813 | 7.11% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $163,983,401 | 1,976,418 | 6.22% | Shares |
| FIRST TRUST ADVISORS LP | $150,461,282 | 1,813,442 | 5.71% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $130,605,898 | 1,574,134 | 4.95% | Shares |
| GENDELL JEFFREY L | $95,619,855 | 1,152,463 | 3.63% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $94,150,145 | 1,134,547 | 3.57% | Shares |
| STATE STREET CORP | $89,484,804 | 1,078,520 | 3.39% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $78,539,900 | 946,606 | 2.98% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $66,399,232 | 800,280 | 2.52% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $65,262,709 | 786,582 | 2.48% | Shares |
| FMR LLC | $54,799,113 | 660,469 | 2.08% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $50,168,391 | 604,657 | 1.90% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $46,614,620 | 561,825 | 1.77% | Shares |
| Boston Partners | $45,222,324 | 545,163 | 1.72% | Shares |
| FRED ALGER MANAGEMENT, LLC | $40,896,577 | 492,908 | 1.55% | Shares |
| DONALD SMITH & CO., INC. | $40,406,722 | 487,004 | 1.53% | Shares |
| Qube Research & Technologies Ltd | $37,583,917 | 452,982 | 1.43% | Shares |
| ALGERT GLOBAL LLC | $31,788,960 | 383,138 | 1.21% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $30,734,721 | 370,432 | 1.17% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $30,161,918 | 363,528 | 1.14% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $27,802,915 | 335,096 | 1.05% | Shares |
| OBERWEIS ASSET MANAGEMENT INC/ | $26,815,904 | 323,200 | 1.02% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $26,460,461 | 318,916 | 1.00% | Shares |
| JB CAPITAL PARTNERS LP | $25,932,605 | 312,554 | 0.98% | Shares |
| NORGES BANK | $25,594,005 | 308,473 | 0.97% | Shares |
| MILLENNIUM MANAGEMENT LLC | $22,310,384 | 268,897 | 0.85% | Shares |
| Cubist Systematic Strategies, LLC | $21,886,089 | 333,680 | 0.83% | Shares |
| M&G PLC | $20,755,893 | 250,071 | 0.79% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $20,223,191 | 243,741 | 0.77% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $19,821,533 | 238,900 | 0.75% | Shares |
| PRUDENTIAL FINANCIAL INC | $19,014,401 | 229,172 | 0.72% | Shares |
| Pictet Asset Management Holding SA | $18,934,750 | 228,212 | 0.72% | Shares |
| Westside Investment Management, Inc. | $16,491,703 | 198,767 | 0.63% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $16,336,793 | 196,900 | 0.62% | Call option |
| JPMORGAN CHASE & CO | $16,277,744 | 196,779 | 0.62% | Shares |
| PINNACLE ASSOCIATES LTD | $15,799,396 | 190,423 | 0.60% | Shares |
| OP Asset Management Ltd | $15,371,188 | 185,262 | 0.58% | Shares |
| UBS Group AG | $14,653,912 | 176,617 | 0.56% | Shares |
| TWO SIGMA INVESTMENTS, LP | $14,204,464 | 171,200 | 0.54% | Shares |
| TWO SIGMA ADVISERS, LP | $13,819,524 | 206,200 | 0.52% | Shares |
| Prescott Group Capital Management, L.L.C. | $13,350,288 | 160,905 | 0.51% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $12,889,058 | 155,346 | 0.49% | Shares |
| Balyasny Asset Management L.P. | $12,273,171 | 147,923 | 0.47% | Shares |
| BlackRock, Inc. | $11,671,639 | 140,673 | 0.44% | Shares |
| TUDOR INVESTMENT CORP ET AL | $11,470,022 | 138,243 | 0.44% | Shares |
| CITADEL ADVISORS LLC | $11,250,732 | 135,600 | 0.43% | Call option |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $11,233,640 | 135,394 | 0.43% | Shares |
| GOLDMAN SACHS GROUP INC | $11,076,827 | 133,504 | 0.42% | Shares |
| Voleon Capital Management LP | $9,781,416 | 117,891 | 0.37% | Shares |
| Trexquant Investment LP | $9,260,116 | 111,608 | 0.35% | Shares |
| Hillsdale Investment Management Inc. | $8,822,200 | 106,330 | 0.33% | Shares |
| LPL Financial LLC | $8,791,650 | 105,962 | 0.33% | Shares |
| BANK OF AMERICA CORP /DE/ | $8,476,630 | 102,165 | 0.32% | Shares |
| HENNESSY ADVISORS INC | $8,396,564 | 101,200 | 0.32% | Shares |
| FIRST WILSHIRE SECURITIES MANAGEMENT INC | $8,279,410 | 99,788 | 0.31% | Shares |
| NFJ INVESTMENT GROUP, LLC | $8,246,554 | 99,392 | 0.31% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $8,155,951 | 98,300 | 0.31% | Put option |
| Edgestream Partners, L.P. | $7,781,590 | 93,788 | 0.30% | Shares |
| D. E. Shaw & Co., Inc. | $7,629,589 | 91,956 | 0.29% | Shares |
| CITADEL ADVISORS LLC | $7,514,759 | 90,572 | 0.29% | Shares |
| Swiss National Bank | $7,475,597 | 90,100 | 0.28% | Shares |
| MORGAN STANLEY | $7,271,076 | 87,635 | 0.28% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $6,716,007 | 80,945 | 0.25% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $6,546,914 | 78,907 | 0.25% | Shares |
| Nuveen, LLC | $6,469,503 | 77,974 | 0.25% | Shares |
| JANE STREET GROUP, LLC | $6,297,423 | 75,900 | 0.24% | Call option |
| LAZARD ASSET MANAGEMENT LLC | $6,220,427 | 74,972 | 0.24% | Shares |
| Abacus FCF Advisors LLC | $6,158,448 | 74,225 | 0.23% | Shares |
| Foundry Partners, LLC | $6,115,904 | 263,844 | 0.23% | Shares |
| Hodges Capital Management Inc. | $6,114,308 | 73,693 | 0.23% | Shares |
| RHUMBLINE ADVISERS | $5,747,816 | 69,276 | 0.22% | Shares |
| CONGRUENCE CAPITAL, LLC | $5,647,851 | 68,071 | 0.21% | Shares |
| GLOBEFLEX CAPITAL L P | $5,555,588 | 66,959 | 0.21% | Shares |
| JANE STREET GROUP, LLC | $5,542,396 | 66,800 | 0.21% | Put option |
| DARK FOREST CAPITAL MANAGEMENT LP | $5,335,469 | 64,306 | 0.20% | Shares |
| VERUS CAPITAL PARTNERS, LLC | $5,099,178 | 61,458 | 0.19% | Shares |
| NAVELLIER & ASSOCIATES INC | $4,960,196 | 59,783 | 0.19% | Shares |
| Gotham Asset Management, LLC | $4,727,133 | 56,974 | 0.18% | Shares |
| AMERIPRISE FINANCIAL INC | $4,518,463 | 54,459 | 0.17% | Shares |
| Vest Financial, LLC | $4,295,025 | 51,766 | 0.16% | Shares |
| ALLIANCEBERNSTEIN L.P. | $4,244,601 | 54,989 | 0.16% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $4,171,483 | 50,277 | 0.16% | Shares |
| CVFG LLC | $4,164,265 | 50,190 | 0.16% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $4,139,539 | 49,892 | 0.16% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $4,138,295 | 49,877 | 0.16% | Shares |
| Neo Ivy Capital Management | $4,124,936 | 49,716 | 0.16% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $4,054,636 | 52,528 | 0.15% | Shares |
| SEI INVESTMENTS CO | $4,025,040 | 48,512 | 0.15% | Shares |
| Public Sector Pension Investment Board | $3,696,065 | 44,547 | 0.14% | Shares |
| Asset Management One Co., Ltd. | $3,603,615 | 46,685 | 0.14% | Shares |
| MARTINGALE ASSET MANAGEMENT L P | $3,560,658 | 42,915 | 0.14% | Shares |
| IRONWOOD INVESTMENT MANAGEMENT LLC | $3,332,075 | 40,160 | 0.13% | Shares |
| WOLVERINE TRADING, LLC | $3,323,844 | 50,800 | 0.13% | Call option |
| CANADA PENSION PLAN INVESTMENT BOARD | $3,202,642 | 38,600 | 0.12% | Shares |
| ICON ADVISERS INC/CO | $3,152,860 | 38,000 | 0.12% | Shares |
| FEDERATED HERMES, INC. | $3,014,964 | 36,338 | 0.11% | Shares |
| CAXTON ASSOCIATES LLP | $2,977,378 | 35,885 | 0.11% | Shares |
| Integrated Quantitative Investments LLC | $2,973,977 | 35,844 | 0.11% | Shares |
| Engineers Gate Manager LP | $2,809,364 | 33,860 | 0.11% | Shares |
Company insiders 43 insiders · 18 officers · 22 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Gary G. Smalley | CEO and President | March 13, 2026 M | 91,479 | 5 | 0 | $1,037,762 |
| Ryan Joseph Soroka | Executive VP & CFO | March 13, 2026 M | 42,883 | 0 | 0 | $0 |
| Michael J. Kershaw | Executive VP and CFO | March 15, 2015 M | 39,363 | 0 | 0 | $0 |
| Michael E Ciskey | VP & CFO | April 5, 2006 A | 0 | 0 | 0 | $0 |
| James A Frost | President & COO | May 23, 2018 A | 577,276 | 0 | 0 | $0 |
| Robert Band | President | Feb. 28, 2014 S | 70,261 | 0 | 0 | $0 |
| Zohrab B Marashlian | President, Perini Civil | Jan. 3, 2007 M | 10,000 | 0 | 0 | $0 |
| William E Jensen | Executive Vice President | June 19, 2026 M | 49,369 | 0 | 0 | $0 |
| Henry Dieu | SVP & Chief Accounting Officer | June 19, 2026 M | 2,488 | 0 | 0 | $0 |
| Ghassan Ariqat | Executive Vice President | June 19, 2026 M | 12,871 | 0 | 0 | $0 |
| Kristiyan D Assouri | EVP and Chief Legal Officer | March 12, 2026 M | 0 | 0 | 0 | $0 |
| Michael Francis Smithson | Executive Vice President | May 28, 2024 M | 45,850 | 0 | 0 | $0 |
| Leonard John Rejcek | Executive Vice President | June 1, 2018 F | 12,440 | 0 | 0 | $0 |
| Craig W Shaw | Executive Vice President | March 15, 2017 D | 115,368 | 0 | 0 | $0 |
| Ronald P. Marano II | VP & Chief Accounting Officer | Sept. 15, 2016 M | 9,363 | 0 | 0 | $0 |
| William Barney Sparks | Executive VP, Treasurer | Sept. 4, 2013 M | 153,803 | 0 | 0 | $0 |
| Kenneth R Burk | Executive Vice President | June 3, 2013 S | 0 | 0 | 0 | $0 |
| Steven M Meilicke | VP & Corporate Controller | March 19, 2012 M | 5,276 | 0 | 0 | $0 |
| Dennis D Oklak | Director | June 17, 2026 G | 83,488 | 0 | 0 | $0 |
| Robert C Lieber | Director | May 27, 2026 G | 141,910 | 0 | 1 | $-1,318,800 |
| Peter Arkley | Director | May 20, 2026 A | 219,054 | 7 | 0 | $4,388,952 |
| RONALD N. TUTOR | Director | March 11, 2026 A | 0 | 0 | 9 | $-36,579,706 |
| Desai Jigisha | Director | Dec. 19, 2025 G | 79,100 | 0 | 0 | $0 |
| Shahrokh Shah | Director | May 15, 2025 A | 12,060 | 0 | 0 | $0 |
| Dale Anne Reiss | Director | May 15, 2025 A | 36,340 | 0 | 0 | $0 |
| Michael R Klein | Director | May 16, 2024 S | 25,226 | 0 | 0 | $0 |
| Michael Filip Horodniceanu | Director | May 17, 2023 A | 94,467 | 0 | 0 | $0 |
| Dickran M. Tevrizian Jr. | Director | May 31, 2018 G | 59,530 | 0 | 0 | $0 |
| Donald D Snyder | Director | May 31, 2018 A | 44,104 | 0 | 0 | $0 |
| Thomas C Leppert | Director | May 26, 2017 A | 7,081 | 0 | 0 | $0 |
| Robert Lee Miller | Director | May 30, 2013 A | 80,753 | 0 | 0 | $0 |
| Martin R Melone | Director | May 30, 2013 A | 15,280 | 0 | 0 | $0 |
| Willard Woodson Brittain JR | Director | June 2, 2011 A | 14,436 | 0 | 0 | $0 |
| Chrysostomos L Nikias | Director | June 2, 2009 A | 3,880 | 0 | 0 | $0 |
| Robert Archambault Kennedy | Director | June 2, 2009 A | 5,000 | 0 | 0 | $0 |
| Martin Shubik | Director | Dec. 27, 2005 S | 8,000 | 0 | 0 | $0 |
| Frederick Doppelt | Director | May 24, 2005 A | 13,121 | 0 | 0 | $0 |
| Ronald N. Tutor Separate Property Trust | 10% owner | June 11, 2018 S | 5,711,601 | 0 | 0 | $0 |
| TUTOR SALIBA CORP | 10% owner | May 14, 2007 S | 1,935,229 | 0 | 0 | $0 |
| Sidney J Feltenstein | — | Aug. 7, 2026 S | 6,700 | 0 | 7 | $-26,122,120 |
| Raymond R Oneglia | — | May 20, 2026 A | 97,208 | 0 | 0 | $0 |
| Marilyn A Alexander | — | May 27, 2015 A | 26,703 | 0 | 0 | $0 |
| Mark Caspers | — | Sept. 14, 2012 S | 80,000 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 33 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| RONALD N. TUTOR, THE RONALD N. TUTOR SEPARATE PROPERTY TRUST, RONALD N. TUTOR 2018 DYNASTY TRUST, TUTOR MARITAL PROPERTY TRUST ×4 filings | March 3, 2026 | 12.40% | Amendment | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Nov. 13, 2024 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | June 21, 2021 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | June 11, 2020 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | March 26, 2015 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | May 15, 2014 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | May 22, 2013 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Nov. 29, 2012 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Sept. 21, 2012 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | March 22, 2012 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | March 9, 2012 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Dec. 6, 2011 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Sept. 16, 2011 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Aug. 29, 2011 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Aug. 19, 2011 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 73 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| PKB · Invesco Exchange-Traded Fund Trust | 3.62% | 138,683 SH | Aug. 8, 2026 | Daily |
| ABLD · Abacus FCF ETF Trust | 1.61% | 14,795 NS | April 30, 2026 | N-PORT |
| RNIN · EA Series Trust | 1.43% | 23,578 NS | April 30, 2026 | N-PORT |
| ABFL · Abacus FCF ETF Trust | 1.38% | 73,933 NS | April 30, 2026 | N-PORT |
| PSCI · Invesco Exchange-Traded Fund Trust … | 1.30% | 25,848 SH | Aug. 8, 2026 | Daily |
| VAMO · Cambria ETF Trust | 1.02% | 9,128 NS | April 30, 2026 | N-PORT |
| CALF · Pacer Funds Trust | 0.88% | 326,932 NS | April 30, 2026 | N-PORT |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.80% | 44,414 NS | April 30, 2026 | N-PORT |
| AVUV · AMERICAN CENTURY ETF TRUST | 0.46% | 1,749,757 NS | May 31, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.41% | 58,934 NS | April 30, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.39% | 11,417 SH | Aug. 8, 2026 | Daily |
| SVAL · iShares Trust | 0.39% | 8,474 SH | Aug. 8, 2026 | Daily |
| IJT · iShares Trust | 0.31% | 270,629 SH | Aug. 8, 2026 | Daily |
| CLSE · Trust for Professional Managers | 0.29% | 24,801 NS | May 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.27% | 415,230 SH | Aug. 8, 2026 | Daily |
| SDVD · First Trust Exchange-Traded Fund IV | 0.27% | 24,236 NS | April 30, 2026 | N-PORT |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.27% | 17,009 NS | April 30, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.26% | 102,168 NS | May 31, 2026 | N-PORT |
| PAVE · Global X Funds | 0.26% | 485,507 NS | May 31, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.24% | 12,210 NS | April 30, 2026 | N-PORT |
| IJR · iShares Trust | 0.23% | 2,694,670 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.23% | 66,605 SH | Aug. 8, 2026 | Daily |
| AFSM · First Trust Exchange-Traded Fund VI… | 0.23% | 3,127 NS | May 31, 2026 | N-PORT |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.22% | 49,073 SH | Aug. 8, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.21% | 16,767 NS | April 30, 2026 | N-PORT |
| FBUF · Fidelity Greenwood Street Trust | 0.20% | 414 NS | April 30, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.20% | 27,897 NS | May 31, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.18% | 1,586 NS | April 30, 2026 | N-PORT |
| FYEE · Fidelity Greenwood Street Trust | 0.18% | 3,240 NS | April 30, 2026 | N-PORT |
| IFRA · iShares Trust | 0.16% | 74,867 SH | Aug. 8, 2026 | Daily |
| IJS · iShares Trust | 0.15% | 134,188 SH | Aug. 8, 2026 | Daily |
| FHEQ · Fidelity Greenwood Street Trust | 0.14% | 12,519 NS | April 30, 2026 | N-PORT |
| IWM · iShares Trust | 0.14% | 1,163,807 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.13% | 19,284 NS | April 30, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.12% | 155,622 NS | May 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.12% | 265,315 SH | Aug. 8, 2026 | Daily |
| FSMD · FIDELITY COVINGTON TRUST | 0.11% | 29,236 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.11% | 162,688 NS | April 30, 2026 | N-PORT |
| SMLF · iShares Trust | 0.09% | 39,832 SH | Aug. 8, 2026 | Daily |
| DFSV · Dimensional ETF Trust | 0.09% | 70,954 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.08% | 2,098 NS | May 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.07% | 21,111 SH | Aug. 8, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.07% | 2,975 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.07% | 213,484 NS | May 31, 2026 | N-PORT |
| ISCG · iShares Trust | 0.07% | 6,968 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.06% | 4,698 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.06% | 1,924 SH | Aug. 8, 2026 | Daily |
| VFMO · VANGUARD WELLINGTON FUND | 0.06% | 14,966 SH | Aug. 8, 2026 | Daily |
| FIDU · FIDELITY COVINGTON TRUST | 0.06% | 13,397 NS | April 30, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.06% | 86,839 NS | April 30, 2026 | N-PORT |