Financial Overview

With our prudent risk philosophy, disciplined approach to project selection, strong balance sheet, and well-established credit profile, 2024 proved to be another strong financial year for Bechtel. Our total principal revenue rose to $20.6 billion, a 25% increase over the previous year and our second consecutive year of double-digit growth. *

In 2024, we were privileged to compete for and win a substantial number of new projects across our five business units. With $17 billion in new work booked last year, we secured high-quality projects that align with our strategic objectives.  A significant portion of our work continues to come from long-term customers — a testament to our ability to perform as promised and earn the trust of our partners.  

This new work contributed to the significant growth in backlog revenue, which has more than doubled since 2020, reaching $58.2 billion in 2024. We expect this momentum to continue in 2025 as we pursue opportunities in our key markets and as our customers increase capital investments in new infrastructure, energy production, critical minerals, national security, advanced manufacturing, and more.   

Our financial success goes hand in hand with our commitment to supporting local economies. Across our projects, we stimulate long-term growth by creating jobs and prioritizing local hiring, procurement, and training programs — ensuring communities where we operate benefit both during the project and long after it ends.