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

Kennith Bogan

Dive Brief:

  • With extra than $14 billion in earnings, Turner Design has overtaken Bechtel as the greatest contractor by revenue, in accordance to Engineering News-Record’s Best 400 contractors list for 2021. Bechtel had held the prime location for the earlier two a long time.
  • Aggregate revenue for the major 400 reached $414.88 billion, up from $414.38 billion the year in advance of. Median earnings for the best contractors achieved $501.9 million past 12 months, up from $492 million in 2019, ENR claimed.
  • Fluor, Kiewit and Whiting-Turner rounded out the best 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 Trade Commission investigation into its money reporting. Granite Design was also absent owing to an SEC investigation past year, but returned in 2021, earning the 25th place with roughly $3.6 billion in revenue.

Dive Perception:

Turner’s $14.4 billion in 2020 revenue was marginally lessen than when it held the second-top spot in 2019 with $14.6 billion. Bechtel claimed $15.9 billion in building earnings in 2019 and $12.2 billion in 2020, a 19% fall in general revenue.

In 2020, Bechtel dropped floor on new work and backlog, which dropped by $2.5 billion and $1.6 billion, respectively. CEO Brendan Bechtel explained the COVID-19 pandemic as “the hardest problem in our company’s background” at the time. Nevertheless, he explained, the contractor’s stability sheet was solid and Bechtel carried no personal debt.

In December 2020, Construction 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 following Turner’s joint undertaking with AECOM Hunt had completed SoFi Stadium in Inglewood, California, the premier NFL task to day.

Other major moves inside of the top rated 10 consist of Tutor Perini leaping to 7th spot, right after ranking 14th in 2020. AECOM dropped to 8th for 2021, just after position 3rd in 2020 and DPR made an physical appearance on the leading 10 just after ranking 12th previous yr.

Right here is a seem at the major 10 corporations and their profits:

Rank 2021 Rank 2020 Company Metropolis Whole Profits (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 Setting up 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 Usa New York, New York $6,535.1
10 12 DPR Design Redwood Town, California $6,458
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