New York City-based Turner Construction, the largest contractor in the U.S. by revenue, is having a very good year.
The privately held company announced in a news release that its 2025 first half results included more than $39 billion in backlog, an increase of 21% from the same period last year and a record, according to the firm. Meanwhile, its revenue rose to $13.4 billion, a 44% leap from the first half of 2024.
The firm’s workforce now exceeds 14,000 people, according to the release.
Though Turner has maintained its place as the top dog in construction for several years, it’s gotten there not on the back of large-scale, multibillion-dollar heavy civil megaprojects, but instead by focusing largely on clients in the private sector or institutional settings, including in the data center, healthcare, education and sports and entertainment spaces.
Indeed, a breakdown of its current backlog provides a roadmap to where private projects have held up, despite a more challenging interest rate environment. The company said these segments contributed to its backlog:
- $12.6 billion in data centers.
- $6.6 billion in healthcare.
- $4.1 billion in education.
- $3.5 billion in sports and entertainment.
Turner, which is a subsidiary of Germany-based Hochtief, has recently made moves focused around the data center construction boom, including the purchase of Ireland’s Dornan Engineering, which it completed earlier this year. The firm attributed its growth, in part, to that acquisition, which it said has enhanced its capacity to deliver complex, mission-critical projects while strengthening its position in key markets in Europe.
The completion of the Dornan deal followed a leadership revamp at the firm late last year, when it reorganized its structure to stay abreast of the burgeoning data center and chip fab construction markets.
“Our ability to grow, deliver at scale and expand our workforce is rooted in the strength of our culture,” said Peter Davoren, chairman and CEO, in the release announcing its first half results. “We have a workplace defined by active caring — where people can be at their best, be authentic, and be treated with respect and dignity. This enables us to attract and retain outstanding talent, and it’s why Turner is consistently recognized as a great place to work.
