Turner Achieves Record Revenue and Backlog in 2025

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Turner Achieves Record Revenue and Backlog in 2025

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New Orders increased 44% year-over-year, strengthening momentum and reinforcing confidence in sustained performance.

Turner achieved record financial results in 2025, reflecting sustained momentum across North America, Turner's global operations, and strength in high-growth markets.

For the full year, Turner's revenue increased 40% compared to 2024, reaching $29.2 billion. The company's project backlog grew 34% year-over-year to $44.3 billion, representing the highest year-end backlog in Turner's history. Turner's workforce expanded to more than 16,000 people, reflecting the attractiveness of Turner as an employer of choice.

Data centers represent approximately 37% of Turner's backlog and continue to expand, reflecting sustained investment in artificial intelligence and digital infrastructure. Underscoring the company's diversified portfolio, healthcare, pharmaceutical, sports, aviation, and commercial work all delivered strong year-over-year growth.

"We remain focused on sustaining a culture of active caring where our people can be authentic and treated with respect and dignity," said Peter Davoren, Chairman and CEO, Turner. "Our record of performance reflects the trust our clients place in us and the dedication of our people who deliver value through innovation, collaboration, and technical excellence."

"Our diversified market presence and integrated service platform enable us to scale rapidly in high-growth sectors," said Tom Reilly, President, Turner. "Together they broaden our impact around the world with confidence and purpose."

"As activity increased this year, we have continued to improve our safety performance," said Abrar Sheriff, President, Turner. "As a people-first company, the safety and well-being of our people is non-negotiable. We are committed to ensuring every person returns home safe - physically and emotionally - every day."

Throughout 2025, Turner secured and advanced major projects across its diversified portfolio, including hyperscale data center programs in North America, Europe, and Asia; NFL stadium projects for the Buffalo Bills, Tennessee Titans, and Cleveland Browns; the $1.7 billion New York State Public Health Laboratory; a new hospital campus for Regional One Health in Tennessee; and the $1.7 billion Battery Park City Resiliency Project in New York City.

The growth of Turner's integrated services - including SourceBlue, xPL Offsite, Turner Engineering Group, Turner Technical Services, Self-Perform Operations, and First Equipment Company - enhances supply chain control, improves schedule certainty, and improves project outcomes.

Revenue growth in 2025 outpaced growth in hours worked, reflecting productivity gains driven by Turner's integrated services platform and expanded adoption of digital and AI-enabled technologies. Supported by record backlog and sustained demand across its markets, Turner expects to increase hiring in 2026 while further advancing the development and adoption of technology to support continued growth and long-term performance.

The strategic acquisition of Dornan expanded Turner's European footprint and strengthened mission-critical capabilities in advanced technology sectors. In Canada, Clark Builders continues to strengthen Turner's North American presence, leading major healthcare, education, and industrial projects.

As part of HOCHTIEF and the ACS Group, Turner benefits from global scale, financial strength, and deep engineering expertise. Collaboration across the group - including FlatironDragados in North America, Dragados and HOCHTIEF in Europe, and CIMIC in Australia and the South Pacific - support Turner's ability to deliver integrated services for the full project life cycle on complex building programs in high-growth markets.

Turner's record backlog and expanding enterprise capabilities position the company for sustained performance in 2026 and beyond. Guided by a culture of active caring, innovation, and continuous improvement, Turner will continue delivering world-class facilities and building a stronger, more resilient future.

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February 27, 2026

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