Data centers propelled Turner to record $29.2B in revenue in 2025

0 Views

This audio is auto-generated. Please tell us if in case you have feedback.

Dive Temporary:

Turner Development reported document financials for 2025 on the again of hyperscaler knowledge middle builds and marquee stadium initiatives.
The privately held firm reported $29.2 billion in revenue for 2025, a 40% enhance from 2024, in keeping with the corporate’s annual report launched Tuesday. New York Metropolis-based Turner’s figures bolster its standing because the largest contractor in the U.S. by revenue.
Turner additionally shared that its venture backlog grew 34% 12 months over 12 months to $44.3 billion, representing the very best year-end backlog in its historical past. Information middle initiatives mirrored roughly 37% of backlog and proceed to broaden, a results of sustained funding in synthetic intelligence and digital infrastructure.

Dive Perception:

These outcomes are a continuation of the sturdy 12 months the corporate famous halfway via 2025. On the midway level, the agency had more than $39 billion in backlog, a 21% year-over-year enhance and a document for the interval.

Data center builds have pushed exercise throughout the development trade lately. Turner expects its income from knowledge middle work to exceed $20 billion in 2030, stated Chris McFadden, senior vice chairman of worldwide communications for the contractor.

A few of Turner’s initiatives within the area embody a $10 billion project in Lebanon, Indiana, alongside Minneapolis-based Mortenson; and a $6 billion CoreWeave data center in Lancaster, Pennsylvania, with native builder Wohlsen Development.

“Our diversified market presence and built-in service platform allow us to scale quickly in high-growth sectors,” stated Tom Reilly, Turner president, within the information launch.

The information middle and AI focus within the U.S. can also be mirrored inside Turner’s personal enterprise. The corporate has taken steps to make its enterprise tech-forward, together with through a two-year deal with OpenAI, the creator of ChatGPT. As well as, Turner has rolled out construction-focused tech solutions, reminiscent of change order administration agency Clearstory’s software program, throughout its jobsites.

The agency attributed elevated productiveness and income progress to adopting digital and AI applied sciences, in addition to its built-in providers platform.

Along with knowledge middle work, the corporate reported progress throughout the healthcare, pharmaceutical, sports activities, aviation and business work segments, per the announcement.

A few of Turner’s different flagship initiatives embody:

The contractor additionally known as out its efforts to develop its built-in providers divisions. These embody offsite manufacturing agency xPL Offsite, which Turner established in Might 2025, alongside gear rental and web site providers firm First Gear, which launched on Jan. 8.