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FLR

Fluor Corporation

FLR

Fluor Corporation • NYSE
$42.95 ▲ 1.27% (+0.54)
Market Cap $6.92 B
52w High $57.50
52w Low $29.20
Dividend Yield 0%
P/E 2.17
Volume 1.19M
Outstanding Shares 161.18M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.368B ▼ $47M ▼ $-697M ▼ -20.695% ▼ $0 ▼ $-502M ▼
Q2-2025 $3.978B ▼ $82M ▲ $2.46B ▲ 61.84% ▲ $14.93 ▲ $17M ▼
Q1-2025 $3.982B ▼ $49M ▲ $-241M ▼ -6.052% ▼ $-1.42 ▼ $138M ▼
Q4-2024 $4.26B ▲ $22M ▼ $1.863B ▲ 43.732% ▲ $11.01 ▲ $173M ▲
Q3-2024 $4.094B $39M $54M 1.319% $0.32 $116M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.829B ▲ $11.468B ▼ $6.241B ▲ $5.186B ▼
Q2-2025 $2.271B ▼ $11.788B ▲ $5.81B ▲ $5.949B ▲
Q1-2025 $2.511B ▼ $8.423B ▼ $4.773B ▼ $3.591B ▼
Q4-2024 $2.959B ▼ $9.143B ▲ $5.151B ▲ $3.949B ▲
Q3-2024 $3.006B $7.1B $4.759B $2.251B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $2.438B ▲ $-21M ▲ $-97M ▼ $-178M ▼ $-261M ▲ $-35M ▲
Q1-2025 $-232M ▼ $-286M ▼ $36M ▲ $-163M ▼ $-396M ▼ $-297M ▼
Q4-2024 $1.865B ▲ $327M ▼ $-204M ▼ $-138M ▼ $-83M ▼ $296M ▲
Q3-2024 $25M ▼ $330M ▲ $-91M ▼ $16M ▼ $283M ▼ $279M ▲
Q2-2024 $154M $282M $-16M $32M $294M $234M

Revenue by Products

Product Q2-2021Q3-2021Q1-2025Q2-2025
Energy Solutions Segment
Energy Solutions Segment
 $0 ▲$0 ▲$1.21Bn ▲$1.14Bn ▼
Other Operating Segment
Other Operating Segment
 $0 ▲$0 ▲$20.00M ▲$0 ▼
Urban Solutions Segment
Urban Solutions Segment
 $70.00M ▲$60.00M ▼$2.16Bn ▲$2.07Bn ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has been slowly climbing again after a flat period, and profitability has clearly improved from the loss-making years early in the period. Operating performance has moved from negative to solidly positive, suggesting better project selection, pricing, and cost control. However, the most recent year shows an unusually large jump in reported profit per share versus prior years, which almost certainly reflects significant one‑time items or accounting adjustments rather than a simple step‑change in the underlying business. Overall, the trend in the core business looks healthier, but the latest headline profit figures should be treated with caution when thinking about what is repeatable.

Balance Sheet

Balance Sheet The balance sheet looks considerably stronger than it did a few years ago. Cash holdings are sizable relative to the overall business, giving Fluor a useful liquidity cushion. Debt has been worked down over time, reducing financial risk and interest burden. Shareholders’ equity has grown meaningfully, reversing earlier erosion and pointing to a rebuilt capital base. In plain terms, the company appears to have moved from a more stretched position to a sturdier and more flexible financial footing, which is important in a project‑based, cyclical industry.

Cash Flow

Cash Flow Cash generation has improved from being barely positive to producing more comfortable operating cash inflows in recent years. Free cash flow has turned decisively positive after a period of weak or negative figures, helped by modest capital spending requirements. This suggests that recent profits are increasingly backed by real cash rather than just accounting earnings. Even so, the cash profile still reflects the lumpiness typical of engineering and construction projects, so investors should expect some year‑to‑year variability rather than a smooth upward line.

Competitive Edge

Competitive Edge Fluor operates as one of the large global engineering and construction players, competing in complex, high‑value projects where scale, experience, and risk management matter. Its integrated model—covering engineering, procurement, and construction under one roof—offers clients a single point of accountability, which is a competitive advantage versus smaller or more fragmented rivals. The company’s long history with mega‑projects and technically demanding work in energy, infrastructure, and advanced manufacturing supports its credibility. A deliberate shift toward reimbursable contracts reduces exposure to cost overruns and should make results more predictable, though it can also limit upside in very successful projects. Key risks remain intense competition, execution challenges on large projects, and exposure to cyclical end markets and government or regulatory decisions.

Innovation and R&D

Innovation and R&D Fluor’s innovation is less about traditional laboratory R&D and more about proprietary process technologies and sophisticated use of digital tools in project execution. Its carbon capture technology and sulfur recovery processes give it differentiated offerings in environmental and energy projects, where regulations and decarbonization goals are driving demand. On the digital side, advanced 3D and 4D design, mobile field tools, and structured risk‑management systems are aimed at reducing delays, rework, and safety incidents—key value drivers in construction. Strategically, Fluor is leaning into energy transition, small modular nuclear reactors via its NuScale involvement, and high‑tech manufacturing such as semiconductor and data‑center facilities. These areas could support growth and pricing power, but success will depend on continued investment, winning the right projects, and managing emerging technologies that still carry regulatory and commercial uncertainties.

Summary

Fluor appears to be in a recovery and repositioning phase. Financial performance has improved from earlier loss‑making years, with better operating results and stronger cash generation, although the latest spike in earnings looks boosted by special factors rather than purely by recurring business strength. The balance sheet is healthier, with more cash, less debt, and a rebuilt equity base, giving the company more resilience in a volatile, project‑driven industry. Competitively, Fluor remains a major global engineering and construction firm with advantages in scale, integrated services, and complex project execution. It is actively shifting its portfolio toward reimbursable contracts and higher‑growth segments tied to decarbonization, modern infrastructure, and advanced manufacturing. Its proprietary technologies in carbon capture and sulfur recovery, along with digital project‑management tools and exposure to small modular nuclear and other energy‑transition themes, provide potential long‑term opportunities. At the same time, project risk, cyclicality, and intense competition remain central uncertainties that can still cause swings in results from year to year.

NEWS

November 20, 2025 · 6:04 PM UTC

Fluor Breaks Ground on State Highway 6 Project in Bryan/College Station, Texas

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November 16, 2025 · 11:19 AM UTC

Important Notice to Long-Term Shareholders of Fluor Corporation (FLR): Grabar Law Office Investigates Claims on Your Behalf

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November 14, 2025 · 4:00 PM UTC

Levi & Korsinsky Reminds Fluor Corporation Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of November 14, 2025 – FLR

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November 14, 2025 · 11:27 AM UTC

Fluor Corporation Deadline Today: Rosen Law Firm Urges Fluor Corporation (NYSE: FLR) Stockholders with Large Losses to Contact the Firm for Information About Their Rights

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November 14, 2025 · 10:44 AM UTC

FLR DEADLINE TODAY: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Fluor Corporation Investors to Secure Counsel Before Important November 14 Deadline in Securities Class Action – FLR

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