Dive Brief:
- Turner Construction reported record financials for 2025 on the back of hyperscaler data center builds and marquee stadium projects.
- The privately held company reported $29.2 billion in revenue for 2025, a 40% increase from 2024, according to the company’s annual report released Tuesday. New York City-based Turner’s figures bolster its status as the largest contractor in the U.S. by revenue.
- Turner also shared that its project backlog grew 34% year over year to $44.3 billion, representing the highest year-end backlog in its history. Data center projects reflected approximately 37% of backlog and continue to expand, a result of sustained investment in artificial intelligence and digital infrastructure.
Dive Insight:
These results are a continuation of the strong year the company noted midway through 2025. At the halfway point, the firm had more than $39 billion in backlog, a 21% year-over-year increase and a record for the period.
Data center builds have driven activity across the construction industry in recent years. Turner expects its revenue from data center work to exceed $20 billion in 2030, said Chris McFadden, senior vice president of global communications for the contractor.
Some of Turner’s projects in space include a $10 billion project in Lebanon, Indiana, alongside Minneapolis-based Mortenson; and a $6 billion CoreWeave data center in Lancaster, Pennsylvania, with local builder Wohlsen Construction.
“Our diversified market presence and integrated service platform enable us to scale rapidly in high-growth sectors,” said Tom Reilly, Turner president, in the news release.
The data center and AI focus in the U.S. is also reflected within Turner’s own business. The company has taken steps to make its business tech-forward, including via a two-year deal with OpenAI, the creator of ChatGPT. In addition, Turner has rolled out construction-focused tech solutions, such as change order management firm Clearstory’s software, across its jobsites.
The firm attributed increased productivity and revenue growth to adopting digital and AI technologies, as well as its integrated services platform.
In addition to data center work, the company reported growth across the healthcare, pharmaceutical, sports, aviation and commercial work segments, per the announcement.
Some of Turner’s other flagship projects include:
The contractor also called out its efforts to grow its integrated services divisions. These include offsite manufacturing firm xPL Offsite, which Turner established in May 2025, alongside equipment rental and site services company First Equipment, which launched on Jan. 8.
