NYSE : FLR
Fluor Corporation — Financial statements
Industrials · Engineering & Construction · United States
Last price 47.56 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 6.36B
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Financial statements
Fluor Corporation (FLR) reported revenue of 15.54B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 15.54B | 15.50B | 16.32B | 15.47B | 13.74B | 14.16B |
| Cost of Revenue | 15.66B | 15.62B | 15.74B | 15.00B | 13.39B | 13.70B |
| Gross Profit | -124.00M | -120.00M | 574.00M | 477.00M | 355.00M | 454.00M |
| Selling, General & Admin | 174.00M | 149.00M | 190.00M | 218.00M | 197.00M | 204.00M |
| Operating Expenses | 174.00M | 149.00M | 190.00M | 218.00M | 197.00M | 204.00M |
| Operating Income | -298.00M | -269.00M | 384.00M | 259.00M | 158.00M | 250.00M |
| Interest Expense | -42.00M | -42.00M | -46.00M | -60.00M | -59.00M | -90.00M |
| Interest & Investment Income | 111.00M | 109.00M | 196.00M | 228.00M | 94.00M | 17.00M |
| Earnings From Equity Investments | -2.56B | 210.00M | 2.10B | |||
| Currency Exchange Gain (Loss) | -6.00M | -62.00M | 92.00M | -98.00M | 25.00M | -13.00M |
| Other Non Operating Income (Expenses) | -38.00M | -27.00M | ||||
| EBT Excluding Unusual Items | -2.80B | -54.00M | 2.73B | 329.00M | 180.00M | 137.00M |
| Merger & Restructuring Charges | -33.00M | -43.00M | -13.00M | -11.00M | -7.00M | |
| Impairment of Goodwill | -13.00M | |||||
| Gain (Loss) on Sale of Investments | 124.00M | -28.00M | ||||
| Gain (Loss) on Sale of Assets | 11.00M | 13.00M | ||||
| Asset Writedown | 24.00M | -249.00M | ||||
| Legal Settlements | -4.00M | -4.00M | -3.00M | -5.00M | ||
| Other Unusual Items | 41.00M | -206.00M | ||||
| Pretax Income | -2.71B | -101.00M | 2.72B | 315.00M | 244.00M | -346.00M |
| Income Tax Expense | -734.00M | -39.00M | 634.00M | 236.00M | 171.00M | 20.00M |
| Earnings From Continuing Operations | -1.98B | -62.00M | 2.08B | 79.00M | 73.00M | -366.00M |
| Earnings From Discontinued Operations | -35.00M | |||||
| Net Income to Company | -1.98B | -62.00M | 2.08B | 79.00M | 73.00M | -401.00M |
| Minority Interest in Earnings | -17.00M | 11.00M | 61.00M | 60.00M | 72.00M | -39.00M |
| Net Income | -2.00B | -51.00M | 2.15B | 139.00M | 145.00M | -440.00M |
| Preferred Dividends & Other Adjustments | 56.00M | 39.00M | 24.00M | |||
| Net Income to Common | -2.00B | -51.00M | 2.15B | 83.00M | 106.00M | -464.00M |
| Shares Outstanding (Basic) | 151.50M | 164.00M | 172.00M | 150.00M | 142.00M | 141.00M |
| Shares Outstanding (Diluted) | 151.50M | 164.00M | 174.00M | 153.00M | 145.00M | 141.00M |
| EPS (Basic) | -13.17 | -0.31 | 12.47 | 0.55 | 0.75 | -3.29 |
| EPS (Diluted) | -13.17 | -0.31 | 12.30 | 0.54 | 0.73 | -3.29 |
| Free Cash Flow | -330.00M | -437.00M | 664.00M | 101.00M | -44.00M | -50.00M |
| Free Cash Flow Per Share | -2.18 | -2.67 | 3.82 | 0.66 | -0.30 | -0.35 |
| Gross Margin | -0.80% | -0.77% | 3.52% | 3.08% | 2.58% | 3.21% |
| Operating Margin | -1.92% | -1.74% | 2.35% | 1.67% | 1.15% | 1.77% |
| Profit Margin | -12.85% | -0.33% | 13.15% | 0.54% | 0.77% | -3.28% |
| Free Cash Flow Margin | -2.12% | -2.82% | 4.07% | 0.65% | -0.32% | -0.35% |
| EBITDA | -233.00M | -201.00M | 457.00M | 333.00M | 231.00M | 324.00M |
| EBITDA Margin | -1.50% | -1.30% | 2.80% | 2.15% | 1.68% | 2.29% |
| D&A For EBITDA | 65.00M | 68.00M | 73.00M | 74.00M | 73.00M | 74.00M |
| EBIT | -298.00M | -269.00M | 384.00M | 259.00M | 158.00M | 250.00M |
| EBIT Margin | -1.92% | -1.74% | 2.35% | 1.67% | 1.15% | 1.77% |
| Effective Tax Rate | 23.33% | 74.92% | 70.08% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.92B | 2.13B | 2.83B | 2.52B | 2.44B | 2.21B |
| Short-Term Investments | 120.00M | 1.64B | 130.00M | 69.00M | 185.00M | 127.00M |
| Cash & Short-Term Investments | 3.04B | 3.77B | 2.96B | 2.59B | 2.62B | 2.34B |
| Receivables | 2.47B | 2.22B | 2.06B | 2.13B | 2.02B | 2.24B |
| Other Current Assets | 184.00M | 450.00M | 157.00M | 347.00M | 396.00M | 608.00M |
| Total Current Assets | 5.69B | 6.44B | 5.17B | 5.06B | 5.04B | 5.18B |
| Property, Plant & Equipment | 446.00M | 464.00M | 494.00M | 458.00M | 595.00M | 656.00M |
| Long-Term Investments | 548.00M | 543.00M | 2.83B | 614.00M | 584.00M | 517.00M |
| Goodwill | 206.00M | 206.00M | 249.00M | |||
| Long-Term Deferred Tax Assets | 51.00M | 34.00M | 51.00M | |||
| Other Long-Term Assets | 848.00M | 787.00M | 646.00M | 581.00M | 364.00M | 435.00M |
| Total Assets | 7.54B | 8.24B | 9.14B | 6.97B | 6.83B | 7.09B |
| Accounts Payable | 1.76B | 1.48B | 1.22B | 1.21B | 1.02B | 1.22B |
| Accrued Expenses | 813.00M | 1.22B | 875.00M | 1.00B | 925.00M | 1.14B |
| Current Portion of Long-Term Debt | 152.00M | 18.00M | ||||
| Current Portion of Leases | 68.00M | 54.00M | ||||
| Current Unearned Revenue | 541.00M | 633.00M | 684.00M | 639.00M | 742.00M | 945.00M |
| Other Current Liabilities | 54.00M | 47.00M | 292.00M | 307.00M | 312.00M | 240.00M |
| Total Current Liabilities | 3.17B | 3.38B | 3.07B | 3.16B | 3.22B | 3.61B |
| Long-Term Debt | 1.07B | 1.07B | 1.10B | 1.16B | 978.00M | 1.17B |
| Long-Term Leases | 103.00M | 162.00M | ||||
| Pension & Post-Retirement Benefits | 48.00M | |||||
| Long-Term Deferred Tax Liabilities | 5.00M | 6.00M | 468.00M | 70.00M | 73.00M | 67.00M |
| Other Long-Term Liabilities | 504.00M | 505.00M | 508.00M | 530.00M | 461.00M | 457.00M |
| Total Liabilities | 4.75B | 4.96B | 5.15B | 4.92B | 4.83B | 5.52B |
| Common Stock | 1.00M | 2.00M | 2.00M | 2.00M | 1.00M | 1.00M |
| Additional Paid-In Capital | 443.00M | 1.17B | 1.23B | 1.25B | 967.00M | |
| Retained Earnings | 2.98B | 3.06B | 3.12B | 979.00M | 896.00M | 791.00M |
| Comprehensive Income & Other | -293.00M | -265.00M | -351.00M | -269.00M | -365.00M | -366.00M |
| Total Common Equity | 2.69B | 3.24B | 3.95B | 1.94B | 1.79B | 1.39B |
| Minority Interest | 99.00M | 33.00M | 43.00M | 112.00M | 210.00M | 174.00M |
| Shareholders' Equity | 2.79B | 3.28B | 3.99B | 2.05B | 2.00B | 1.57B |
| Total Liabilities & Equity | 7.54B | 8.24B | 9.14B | 6.97B | 6.83B | 7.09B |
| Total Debt | 1.07B | 1.07B | 1.10B | 1.16B | 1.30B | 1.41B |
| Net Cash (Debt) | 1.97B | 2.70B | 1.85B | 1.43B | 1.32B | 928.00M |
| Net Cash Per Share | 13.01 | 16.48 | 10.66 | 9.35 | 9.12 | 6.58 |
| Filing Date Shares Outstanding | 133.74M | 146.56M | 168.79M | 170.41M | 142.33M | 141.43M |
| Total Common Shares Outstanding | 135.56M | 152.05M | 169.23M | 170.41M | 142.32M | 141.43M |
| Working Capital | 2.52B | 3.06B | 2.10B | 1.90B | 1.83B | 1.57B |
| Book Value Per Share | 19.81 | 21.34 | 23.34 | 11.38 | 12.55 | 9.85 |
| Tangible Book Value | 2.69B | 3.24B | 3.95B | 1.73B | 1.58B | 1.14B |
| Tangible Book Value Per Share | 19.81 | 21.34 | 23.34 | 10.18 | 11.10 | 8.09 |
| Land | 43.00M | 73.00M | ||||
| Buildings | 397.00M | 420.00M | ||||
| Machinery | 1.02B | 989.00M | ||||
| Construction In Progress | 29.00M | 24.00M | ||||
| Order Backlog | 25.54B | 28.48B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -2.00B | -51.00M | 2.15B | 139.00M | 145.00M | -440.00M |
| Depreciation & Amortization | 65.00M | 68.00M | 73.00M | 74.00M | 73.00M | 74.00M |
| Loss (Gain) From Sale of Assets | 1.00M | -7.00M | -14.00M | 150.00M | -35.00M | -2.00M |
| Asset Writedown & Restructuring Costs | -24.00M | 262.00M | ||||
| Loss (Gain) From Sale of Investments | -124.00M | 28.00M | ||||
| Loss (Gain) on Equity Investments | 1.77B | -302.00M | -1.73B | -8.00M | ||
| Stock-Based Compensation | 35.00M | 30.00M | 31.00M | 48.00M | 19.00M | 32.00M |
| Other Operating Activities | -487.00M | -527.00M | -25.00M | -85.00M | -101.00M | 276.00M |
| Change in Accounts Receivable | -142.00M | -142.00M | -137.00M | -159.00M | 155.00M | -174.00M |
| Change in Accounts Payable | 244.00M | 244.00M | 76.00M | 218.00M | -175.00M | 6.00M |
| Change in Unearned Revenue | -75.00M | -75.00M | 109.00M | -120.00M | -135.00M | -176.00M |
| Change in Other Net Operating Assets | 421.00M | 375.00M | 299.00M | -53.00M | 109.00M | 147.00M |
| Operating Cash Flow | -287.00M | -387.00M | 828.00M | 212.00M | 31.00M | 25.00M |
| Capital Expenditures | -43.00M | -50.00M | -164.00M | -111.00M | -75.00M | -75.00M |
| Sale of Property, Plant & Equipment | 1.00M | 63.00M | 82.00M | 95.00M | 146.00M | |
| Divestitures | -131.00M | |||||
| Investment in Securities | 2.32B | 424.00M | -119.00M | -166.00M | -98.00M | -184.00M |
| Other Investing Activities | 3.00M | -1.00M | -9.00M | |||
| Investing Cash Flow | 2.28B | 437.00M | -333.00M | -277.00M | -78.00M | -122.00M |
| Long-Term Debt Issued | 560.00M | |||||
| Total Debt Issued | 560.00M | |||||
| Long-Term Debt Repaid | -37.00M | -57.00M | -249.00M | -41.00M | -525.00M | |
| Total Debt Repaid | -1.00M | -37.00M | -57.00M | -249.00M | -41.00M | -525.00M |
| Net Debt Issued (Repaid) | -1.00M | -37.00M | -57.00M | 311.00M | -41.00M | -525.00M |
| Repurchase of Common Stock | -1.27B | -754.00M | -125.00M | |||
| Preferred Dividends Paid | -29.00M | -39.00M | -19.00M | |||
| Dividends Paid | -29.00M | -39.00M | -19.00M | |||
| Other Financing Activities | 54.00M | -6.00M | 66.00M | -155.00M | 395.00M | 84.00M |
| Financing Cash Flow | -1.22B | -797.00M | -116.00M | 127.00M | 315.00M | 122.00M |
| Foreign Exchange Rate Adjustments | -21.00M | 53.00M | -69.00M | 18.00M | -38.00M | -15.00M |
| Net Cash Flow | 751.00M | -694.00M | 310.00M | 80.00M | 230.00M | 10.00M |
| Free Cash Flow | -330.00M | -437.00M | 664.00M | 101.00M | -44.00M | -50.00M |
| Free Cash Flow Margin | -2.12% | -2.82% | 4.07% | 0.65% | -0.32% | -0.35% |
| Free Cash Flow Per Share | -2.18 | -2.67 | 3.82 | 0.66 | -0.30 | -0.35 |
| Levered Free Cash Flow | 21.50M | -292.38M | 318.25M | 247.38M | -42.12M | 114.98M |
| Unlevered Free Cash Flow | 47.75M | -266.12M | 347.00M | 284.88M | -5.25M | 171.23M |
| Cash Interest Paid | 39.00M | 40.00M | 42.00M | 53.00M | 54.00M | 90.00M |
| Cash Income Tax Paid | 548.00M | 213.00M | 13.00M | 169.00M | 99.00M | 75.00M |
| Change in Working Capital | 448.00M | 402.00M | 347.00M | -114.00M | -46.00M | -197.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.27B | 6.39B | 8.46B | 6.67B | 4.92B | 3.50B |
| Enterprise Value | 4.30B | 4.67B | 6.66B | 5.66B | 3.75B | 2.73B |
| Last Close Price | 46.86 | 39.63 | 49.32 | 39.17 | 34.66 | 24.77 |
| PE Ratio | 3.94 | 80.41 | 46.46 | |||
| Forward PE | 14.36 | 19.74 | 16.56 | 14.80 | 20.17 | 21.99 |
| PS Ratio | 0.40 | 0.41 | 0.52 | 0.43 | 0.36 | 0.25 |
| PB Ratio | 2.37 | 1.95 | 2.12 | 3.25 | 2.47 | 2.23 |
| P/TBV Ratio | 2.33 | 1.97 | 2.14 | 3.85 | 3.12 | 3.06 |
| P/FCF Ratio | 12.74 | 66.08 | ||||
| P/OCF Ratio | 10.22 | 31.48 | 158.86 | 140.11 | ||
| PEG Ratio | 0.80 | 23.19 | 0.21 | 1.28 | 1.28 | 5.95 |
| EV/Sales Ratio | 0.28 | 0.30 | 0.41 | 0.37 | 0.27 | 0.19 |
| EV/EBITDA Ratio | 14.57 | 16.99 | 16.25 | 8.43 | ||
| EV/EBIT Ratio | 17.34 | 21.84 | 23.76 | 10.93 | ||
| EV/FCF Ratio | 10.03 | 56.01 | ||||
| Debt / Equity Ratio | 0.39 | 0.33 | 0.28 | 0.56 | 0.65 | 0.90 |
| Debt / EBITDA Ratio | 2.42 | 3.48 | 5.27 | 2.59 | ||
| Debt / FCF Ratio | 1.66 | 11.46 | ||||
| Net Debt / Equity Ratio | -0.71 | -0.82 | -0.47 | -0.70 | -0.66 | -0.59 |
| Net Debt / EBITDA Ratio | 8.46 | 13.45 | -4.06 | -4.29 | -5.73 | -2.86 |
| Net Debt / FCF Ratio | 5.97 | 6.18 | -2.79 | -14.16 | 30.07 | 18.56 |
| Asset Turnover | 1.61 | 1.78 | 2.02 | 2.24 | 1.98 | 1.97 |
| Quick Ratio | 1.74 | 1.77 | 1.63 | 1.49 | 1.45 | 1.26 |
| Current Ratio | 1.80 | 1.91 | 1.69 | 1.60 | 1.57 | 1.43 |
| Return on Equity (ROE) | -45.17% | -1.71% | 68.96% | 3.90% | 4.10% | -25.86% |
| Return on Assets (ROA) | -1.93% | -1.93% | 2.98% | 2.35% | 1.42% | 2.17% |
| Return on Invested Capital (ROIC) | -51.20% | -19.84% | 21.34% | 10.03% | 7.21% | 32.31% |
| Return on Capital Employed (ROCE) | -6.80% | -5.50% | 6.30% | 6.80% | 4.40% | 7.20% |
| Earnings Yield | -28.12% | -0.80% | 25.36% | 2.08% | 2.94% | -12.56% |
| FCF Yield | -5.27% | -6.84% | 7.85% | 1.51% | -0.89% | -1.43% |
| Payout Ratio | 20.86% | 26.90% | ||||
| Buyback Yield / Dilution | 11.66% | 5.75% | -13.73% | -5.52% | -2.84% | |
| Total Shareholder Return | 11.66% | 5.75% | -13.73% | -5.52% | -2.84% |