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

Table of Contents

Dive Quick:

  • With additional than $14 billion in income, Turner Construction has overtaken Bechtel as the major contractor by revenue, in accordance to Engineering Information-Record’s Best 400 contractors checklist for 2021. Bechtel experienced held the major place for the previous two many years.
  • Combination profits for the best 400 reached $414.88 billion, up from $414.38 billion the calendar year ahead of. Median revenue for the best contractors achieved $501.9 million past year, up from $492 million in 2019, ENR claimed.
  • Fluor, Kiewit and Whiting-Turner rounded out the prime 5 contractors on the list. Fluor was absent from the listing in 2020, as it was conducting an inner audit after a Securities and Trade Fee investigation into its money reporting. Granite Design was also absent thanks to an SEC investigation very last yr, but returned in 2021, earning the 25th spot with about $3.6 billion in income.

Dive Insight:

Turner’s $14.4 billion in 2020 profits was marginally decreased than when it held the second-top rated place in 2019 with $14.6 billion. Bechtel claimed $15.9 billion in design revenue in 2019 and $12.2 billion in 2020, a 19% fall in total profits.

In 2020, Bechtel shed ground on new work and backlog, which dropped by $2.5 billion and $1.6 billion, respectively. CEO Brendan Bechtel described the COVID-19 pandemic as “the hardest challenge in our firm’s historical past” at the time. Nonetheless, he said, the contractor’s balance sheet was sturdy and Bechtel carried no financial debt.

In December 2020, Design Dive named Turner as its Corporation of the Year for the way the contractor responded to racially charged incidents on jobsites head on. The award arrived a couple months immediately after Turner’s joint enterprise with AECOM Hunt had completed SoFi Stadium in Inglewood, California, the largest NFL venture to date.

Other important moves within just the best 10 include Tutor Perini leaping to 7th location, following ranking 14th in 2020. AECOM dropped to 8th for 2021, just after ranking 3rd in 2020 and DPR made an visual appearance on the prime 10 just after position 12th past yr.

Below is a glimpse at the major 10 corporations and their earnings:

Rank 2021 Rank 2020 Business City Whole 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 Building Group 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 New York, New York $6,535.1
10 12 DPR Building Redwood Metropolis, California $6,458

Lorrie R. Pedigo

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