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Dive Brief:
- Turner Construction reported record financials for 2025 from hyperscale data center builds and marquee stadium projects.
- The private company reported $29.2 billion in revenue by 2025a 40% increase over 2024, according to the company’s annual report released Tuesday. New York City-based Turner’s numbers reinforce its status as a largest US contractor 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 accounted for approximately 37% of the backlog and continue to expand, driven by sustained investment in artificial intelligence and digital infrastructure.
Diving knowledge:
These results are a continuation of the strong year the company saw in mid-2025. At the halfway point, the company had more than $39 billion in arrearsan increase of 21% year-on-year and a record for the period.
Construction of data centers have boosted activity in the construction sector in recent years. Turner expects its revenue from data center work to top $20 billion by 2030, said Chris McFadden, the contractor’s senior vice president of global communications.
Some of Turner’s projects in space include a $10 billion project in Lebanon, Indianaalongside Minneapolis-based Mortenson; already $6 billion CoreWeave data center in Lancaster, Pennsylvania with local builder Wohlsen Construction.
“Our diversified market presence and integrated services platform allow us to scale quickly in high-growth sectors,” said Tom Reilly, president of Turner, in the press release.
The data center and AI focus in the US is also reflected in Turner’s own business. The company has taken steps to technologically advance its business, including through a two-year contract with OpenAIthe creator of ChatGPT. Besides, Turner has it implemented technological solutions focused on constructionsuch as the software of the exchange order management company Clearstory, in their workplaces.
the signature attributed increased productivity and revenue growth to the adoption of digital and AI technologies as well as its integrated services platform.
In addition to data center work, the company saw growth in the healthcare, pharmaceutical, sports, aviation and commercial work segments, according to the announcement.
Some of Turner’s other flagship projects include:
The contractor also highlighted its efforts to grow its integrated services divisions. These include an off-site manufacturing company xPL out of placewhich Turner established in May 2025, along with equipment rental and construction services company First Equipment, which released on January 8.
