Turner overtakes Bechtel as the country’s top contractor by revenue

Ruth D. Adamson

Dive Quick: With far more than $14 billion in profits, Turner Design has overtaken Bechtel as the largest contractor by earnings, according to Engineering Information-Record’s Top rated 400 contractors listing for 2021. Bechtel had held the best location for the past two a long time. Combination profits for the top 400 […]

Dive Quick:

  • With far more than $14 billion in profits, Turner Design has overtaken Bechtel as the largest contractor by earnings, according to Engineering Information-Record’s Top rated 400 contractors listing for 2021. Bechtel had held the best location for the past two a long time.
  • Combination profits for the top 400 arrived at $414.88 billion, up from $414.38 billion the calendar year right before. Median revenue for the top rated contractors attained $501.9 million last 12 months, up from $492 million in 2019, ENR reported.
  • Fluor, Kiewit and Whiting-Turner rounded out the prime 5 contractors on the record. Fluor was absent from the list in 2020, as it was conducting an interior audit immediately after a Securities and Exchange Fee investigation into its economical reporting. Granite Building was also absent due to an SEC investigation final yr, but returned in 2021, earning the 25th place with approximately $3.6 billion in earnings.

Dive Insight:

Turner’s $14.4 billion in 2020 earnings was a bit reduced than when it held the next-major spot in 2019 with $14.6 billion. Bechtel described $15.9 billion in building revenue in 2019 and $12.2 billion in 2020, a 19% drop in all round earnings.

In 2020, Bechtel misplaced floor on new function and backlog, which dropped by $2.5 billion and $1.6 billion, respectively. CEO Brendan Bechtel described the COVID-19 pandemic as “the toughest obstacle in our firm’s historical past” at the time. Even so, he claimed, the contractor’s stability sheet was solid and Bechtel carried no credit card debt.

In December 2020, Development Dive named Turner as its Corporation of the Year for the way the contractor responded to racially billed incidents on jobsites head on. The award arrived a couple months right after Turner’s joint undertaking with AECOM Hunt experienced concluded SoFi Stadium in Inglewood, California, the premier NFL undertaking to day.

Other important moves inside the top rated 10 consist of Tutor Perini leaping to 7th place, after rating 14th in 2020. AECOM dropped to 8th for 2021, soon after ranking 3rd in 2020 and DPR made an look on the leading 10 following ranking 12th very last year.

In this article is a look at the major 10 firms and their revenue:

Rank 2021 Rank 2020 Business Town Overall Earnings (in Mil) 
1 2 The Turner Corp. New York, New York $14,410
2 1 Bechtel Reston, Virginia $12,239
3 N/A Fluor Irving, Texas $11,672.4
4 5 Kiewit Corp. Omaha, Nebraska $11,200.7
5 4 The Whiting-Turner Contracting Co. Baltimore, Maryland $8,718.3
6 7 STO Making Team Inc. New York, New York $8,080.
7 14 Tutor Perini Corp Sylmar, California $6,614.7
8 3 AECOM Los Angeles, California $6,568.5
9 8 Skanska United states of america New York, New York $6,535.1
10 12 DPR Design Redwood Metropolis, California $6,458
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