Turner Construction Backlog Surges Past $40 Billion

Turner Construction has achieved a remarkable milestone, with its project backlog expanding by 20% year-over-year to surpass $40 billion in the third quarter of 2025. This surge in future work is complemented by a 43% rise in quarterly revenue compared to the same period last year. For the first nine months of 2025, revenue exceeded $21 billion.

The company's strategic pivot towards high-growth sectors has proven successful, with Advanced Technology projects now comprising 40% of its total backlog. This segment encompasses critical infrastructure like semiconductor facilities, data centers, and biopharmaceutical sites, with over 250 ongoing projects for more than 30 clients across Europe, North America, and Asia.

Beyond technology, Turner Construction maintains a strong presence in healthcare, transportation, education, and sports infrastructure, recently securing contracts for major sports venues and significant airport modernization projects. The company's integrated service groups and strategic acquisitions have enhanced its capabilities and market reach.