The top commercial contractors of 2024


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While many reigning companies held their spots, a couple of other firms moved into the top 10 list of the country’s largest commercial contractors by revenue this year, according to Engineering News-Record.

The 2024 top 10 remain largely the same — New York City-based builder Turner held on to its top spot with $17.1 billion in 2023 revenue, up from the prior year’s $16.3 billion, a 4.9% increase. 

However, Reston, Virginia-based Bechtel was dethroned from its second-place spot by Omaha, Nebraska, building firm Kiewit, which pulled $13.8 billion in 2023 revenue, up from 2022’s $11.2 billion, a gain of 23.2%. Bechtel slid to the third-place spot with $12.9 billion in revenue.

There are two newcomers on this year’s top 10, one of which includes Houston-based McDermott International, which wasn’t part of the 2023 list. The company has had a tumultuous past few years, which included a Chapter 11 bankruptcy filing that the firm entered and exited in 2020, where it was also delisted from the New York Stock Exchange. 

PCL Construction, which has had a recent run of stadium projects, is the other newcomer, in the 10th slot.

Here’s more about 2024’s top 10 commercial contractors: 

1. Turner Construction Co.

Revenue: $17.1 billion

Headquarters: New York City

Ownership: Turner is a subsidiary of the German company Hochtief, which is publicly traded on all German stock exchanges.

Last year’s ranking: 1

High-profile projects: $2.1 billion Tennessee Titans stadium in Nashville; $1.7 billion Buffalo Bills stadium in Orchard Park, New York.

Good to know: Turner completes $15 billion of construction on 1,500 projects each year, per its website.

2. Kiewit Corp.

Revenue: $13.8 billion

Headquarters: Omaha, Nebraska

Ownership: Private

Last year’s ranking: 3

High-profile project: $1 billion Baltimore Amtrak tunnel contract.

Good to know: Kiewit started as a small masonry company in 1884, according to its website.

3. Bechtel

Revenue: $12.9 billion

Headquarters: Reston, Virginia

Ownership: Private

Last year’s ranking: 2

High-profile projects: $30 billion nuclear power plant in Georgia; $1.5 billion NASA launch site in Florida.

Good to know: Bechtel has completed more than 25,000 projects in 160 countries on all seven continents, including Antarctica, per its website.

 

4. MasTec Inc.

Revenue: $12 billion

Headquarters: Coral Gables, Florida

Ownership: Public (NYSE: MTZ)

High-profile project: $7.85 billion Mountain Valley Pipeline project.

Good to know: The chairman of MasTec, Jorge Mas, is also the managing owner of Inter Miami CF, the Major League Soccer team representing Miami, according to the company.

5. The Whiting-Turner Contracting Co.

Revenue: $11.3 billion

Headquarters: Baltimore

Ownership: Private

High-profile project: $600 million Oregon data center.

Good to know: The company’s first project was utility and road work at Walter Reed Hospital in Washington, D.C., in 1910.

6. STO Building Group

Revenue: $11.1 billion

Headquarters: New York City

Ownership: Private (partially employee-owned)

High-profile project: $173 million University of Pennsylvania Vagelos Laboratory (LF Driscoll).

Good to know: STO is made up of 14 companies that exist under one larger structure.

7. DPR Construction

Revenue: $9.4 billion

Headquarters: Redwood City, California

Ownership: Private

High-profile projects: $1 billion Arizona data center; $240 million-plus Virginia data center.

Good to know: DPR was founded in 1990, and took less than a decade to reach $1 billion in revenue.

8. Fluor

Revenue: $9.4 billion

Headquarters: Irving, Texas

Ownership: Public (NYSE: FLR)

High-profile projects: $5.7 billion Gordie Howe Bridge in Detroit; $2.3 billion Green Line Extension in Boston.

Good to know: In 2023, Fluor was ranked No. 303 among Fortune 500 companies, per the firm.

9. McDermott International

Revenue: $7.7 billion

Headquarters: Houston

Ownership: Private, owned by equity holders.

High-profile project: BorWin6 project in Dubai.

Good to know: In 1923, the company created the first floating-roof tank for the oil industry, per its website.



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