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Side-by-side financial comparison of BLUE OWL CAPITAL INC. (OWL) and TUTOR PERINI CORP (TPC). Click either name above to swap in a different company.

TUTOR PERINI CORP is the larger business by last-quarter revenue ($1.5B vs $755.6M, roughly 2.0× BLUE OWL CAPITAL INC.). BLUE OWL CAPITAL INC. runs the higher net margin — 6.3% vs 1.9%, a 4.4% gap on every dollar of revenue. On growth, TUTOR PERINI CORP posted the faster year-over-year revenue change (41.2% vs 19.7%). BLUE OWL CAPITAL INC. produced more free cash flow last quarter ($359.1M vs $98.7M). Over the past eight quarters, BLUE OWL CAPITAL INC.'s revenue compounded faster (21.3% CAGR vs 19.9%).

Blue Owl Capital Inc. is an American alternative investment asset management company that is listed on the New York Stock Exchange under the ticker symbol: "OWL". Headquartered in New York City, it has additional offices around the world, including London, Dubai, and Hong Kong.

Tutor Perini Corporation is one of the largest general contractors in the United States. It was formed by the merger of Perini Corporation and Tutor-Saliba Corporation in 2008. As of 2024, it reported annual revenue of approximately $4.33 billion. Tutor Perini is headquartered in Sylmar, California, and works on construction projects throughout North America. Specific areas of focus are civil infrastructure such as bridges, highways, tunnels, airports, and mass transit systems, building infra...

OWL vs TPC — Head-to-Head

Bigger by revenue
TPC
TPC
2.0× larger
TPC
$1.5B
$755.6M
OWL
Growing faster (revenue YoY)
TPC
TPC
+21.5% gap
TPC
41.2%
19.7%
OWL
Higher net margin
OWL
OWL
4.4% more per $
OWL
6.3%
1.9%
TPC
More free cash flow
OWL
OWL
$260.4M more FCF
OWL
$359.1M
$98.7M
TPC
Faster 2-yr revenue CAGR
OWL
OWL
Annualised
OWL
21.3%
19.9%
TPC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OWL
OWL
TPC
TPC
Revenue
$755.6M
$1.5B
Net Profit
$47.7M
$28.8M
Gross Margin
9.8%
Operating Margin
22.2%
3.3%
Net Margin
6.3%
1.9%
Revenue YoY
19.7%
41.2%
Net Profit YoY
129.8%
136.3%
EPS (diluted)
$0.07
$0.53

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
OWL
OWL
TPC
TPC
Q4 25
$755.6M
$1.5B
Q3 25
$728.0M
$1.4B
Q2 25
$703.1M
$1.4B
Q1 25
$683.5M
$1.2B
Q4 24
$631.4M
$1.1B
Q3 24
$600.9M
$1.1B
Q2 24
$549.8M
$1.1B
Q1 24
$513.3M
$1.0B
Net Profit
OWL
OWL
TPC
TPC
Q4 25
$47.7M
$28.8M
Q3 25
$6.3M
$3.6M
Q2 25
$17.4M
$20.0M
Q1 25
$7.4M
$28.0M
Q4 24
$20.7M
$-79.4M
Q3 24
$29.8M
$-100.9M
Q2 24
$33.9M
$812.0K
Q1 24
$25.1M
$15.8M
Gross Margin
OWL
OWL
TPC
TPC
Q4 25
9.8%
Q3 25
12.0%
Q2 25
14.3%
Q1 25
10.8%
Q4 24
-0.9%
Q3 24
-2.4%
Q2 24
10.4%
Q1 24
11.0%
Operating Margin
OWL
OWL
TPC
TPC
Q4 25
22.2%
3.3%
Q3 25
7.6%
2.8%
Q2 25
12.0%
5.6%
Q1 25
5.9%
5.2%
Q4 24
11.7%
-8.1%
Q3 24
18.7%
-9.9%
Q2 24
28.4%
3.6%
Q1 24
24.7%
4.7%
Net Margin
OWL
OWL
TPC
TPC
Q4 25
6.3%
1.9%
Q3 25
0.9%
0.3%
Q2 25
2.5%
1.5%
Q1 25
1.1%
2.2%
Q4 24
3.3%
-7.4%
Q3 24
5.0%
-9.3%
Q2 24
6.2%
0.1%
Q1 24
4.9%
1.5%
EPS (diluted)
OWL
OWL
TPC
TPC
Q4 25
$0.07
$0.53
Q3 25
$0.01
$0.07
Q2 25
$0.02
$0.38
Q1 25
$0.00
$0.53
Q4 24
$0.06
$-1.53
Q3 24
$0.04
$-1.92
Q2 24
$0.06
$0.02
Q1 24
$0.04
$0.30

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
OWL
OWL
TPC
TPC
Cash + ST InvestmentsLiquidity on hand
$194.5M
$734.6M
Total DebtLower is stronger
$3.3B
$407.4M
Stockholders' EquityBook value
$2.2B
$1.2B
Total Assets
$12.5B
$5.2B
Debt / EquityLower = less leverage
1.51×
0.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OWL
OWL
TPC
TPC
Q4 25
$194.5M
$734.6M
Q3 25
$137.3M
$695.7M
Q2 25
$117.6M
$526.1M
Q1 25
$97.6M
$276.5M
Q4 24
$152.1M
$455.1M
Q3 24
$115.9M
$287.4M
Q2 24
$436.8M
$267.1M
Q1 24
$155.8M
$358.3M
Total Debt
OWL
OWL
TPC
TPC
Q4 25
$3.3B
$407.4M
Q3 25
$3.2B
$413.1M
Q2 25
$3.2B
$419.4M
Q1 25
$3.2B
$405.6M
Q4 24
$2.6B
$534.1M
Q3 24
$2.5B
$681.4M
Q2 24
$2.5B
$676.4M
Q1 24
$2.1B
$801.2M
Stockholders' Equity
OWL
OWL
TPC
TPC
Q4 25
$2.2B
$1.2B
Q3 25
$2.3B
$1.2B
Q2 25
$2.4B
$1.2B
Q1 25
$2.3B
$1.2B
Q4 24
$2.1B
$1.1B
Q3 24
$2.0B
$1.2B
Q2 24
$1.7B
$1.3B
Q1 24
$1.6B
$1.3B
Total Assets
OWL
OWL
TPC
TPC
Q4 25
$12.5B
$5.2B
Q3 25
$12.5B
$5.2B
Q2 25
$12.3B
$4.9B
Q1 25
$12.3B
$4.5B
Q4 24
$11.0B
$4.2B
Q3 24
$10.8B
$4.4B
Q2 24
$9.7B
$4.3B
Q1 24
$9.0B
$4.4B
Debt / Equity
OWL
OWL
TPC
TPC
Q4 25
1.51×
0.33×
Q3 25
1.41×
0.35×
Q2 25
1.38×
0.35×
Q1 25
1.37×
0.35×
Q4 24
1.22×
0.47×
Q3 24
1.27×
0.56×
Q2 24
1.41×
0.52×
Q1 24
1.26×
0.61×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
OWL
OWL
TPC
TPC
Operating Cash FlowLast quarter
$382.9M
$173.7M
Free Cash FlowOCF − Capex
$359.1M
$98.7M
FCF MarginFCF / Revenue
47.5%
6.5%
Capex IntensityCapex / Revenue
3.1%
5.0%
Cash ConversionOCF / Net Profit
8.03×
6.02×
TTM Free Cash FlowTrailing 4 quarters
$1.2B
$567.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OWL
OWL
TPC
TPC
Q4 25
$382.9M
$173.7M
Q3 25
$433.1M
$289.1M
Q2 25
$422.5M
$262.4M
Q1 25
$17.6M
$22.9M
Q4 24
$324.0M
$329.6M
Q3 24
$326.0M
$22.6M
Q2 24
$302.3M
$53.1M
Q1 24
$47.2M
$98.3M
Free Cash Flow
OWL
OWL
TPC
TPC
Q4 25
$359.1M
$98.7M
Q3 25
$422.5M
$240.2M
Q2 25
$412.5M
$235.6M
Q1 25
$4.2M
$-7.2M
Q4 24
$310.1M
$320.4M
Q3 24
$314.8M
$15.6M
Q2 24
$269.4M
$42.2M
Q1 24
$41.1M
$87.8M
FCF Margin
OWL
OWL
TPC
TPC
Q4 25
47.5%
6.5%
Q3 25
58.0%
17.0%
Q2 25
58.7%
17.1%
Q1 25
0.6%
-0.6%
Q4 24
49.1%
30.0%
Q3 24
52.4%
1.4%
Q2 24
49.0%
3.7%
Q1 24
8.0%
8.4%
Capex Intensity
OWL
OWL
TPC
TPC
Q4 25
3.1%
5.0%
Q3 25
1.5%
3.5%
Q2 25
1.4%
2.0%
Q1 25
2.0%
2.4%
Q4 24
2.2%
0.9%
Q3 24
1.9%
0.6%
Q2 24
6.0%
1.0%
Q1 24
1.2%
1.0%
Cash Conversion
OWL
OWL
TPC
TPC
Q4 25
8.03×
6.02×
Q3 25
68.64×
79.63×
Q2 25
24.25×
13.14×
Q1 25
2.37×
0.82×
Q4 24
15.62×
Q3 24
10.94×
Q2 24
8.91×
65.44×
Q1 24
1.88×
6.24×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

OWL
OWL

Credit Platform$455.0M60%
GP Strategic Capital Platform$157.0M21%
Administrative Service$87.6M12%
IPI Partners LLC$33.8M4%
Other$22.2M3%

TPC
TPC

State And Local Agencies$591.1M39%
Mass Transit$449.9M30%
Federal Agencies$115.0M8%
Bridges$100.5M7%
Military Facilities$93.1M6%
Commercial And Industrial Facilities$46.7M3%
Detention Facilities$43.8M3%
Power And Energy$35.8M2%
Multi Unit Residential$25.9M2%
Education Facilities$12.0M1%
Water$3.6M0%

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