FLRNYSEHeavy Construction Other Than Bldg Const - ContractorsFiscal year ends December 31
FLUOR CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$46.57−0.38 (-0.81%)
Close on Oct 19, 2026
- Market cap
- $6.57B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
-0.8%−3.4 pts over 5 years
Operating margin
-2.4%−1.0 pts over 5 years
Net margin
-0.3%+2.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -5.0% | +4.1% | -0.4% | -1.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 9.2% | -34.6% | -1.4% | |
| Return on assets | 3.3% | -5.7% | -0.6% | |
| Current ratio | 1.47 | 1.41 | 1.91 | |
| Debt to equity | 0.51 | 1.66 | 0.33 | |
| Net debt to EBITDA | – | 3.88× | 3.44× | |
| Interest coverage | – | -3.2× | -9.0× | |
| Capex to revenue | 1.2% | 0.7% | 0.3% | |
| Diluted shares | 141M | 141M | 164M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Fluor generated $1.48B from operations and spent $1.35B on capital expenditure, dividends and share buybacks. 35% of that went back into the business.
Generated
$1.48B
Used
$1.35B
Capital expenditure$470.00M35%Dividends$00%Share buybacks$879.00M65%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-0.3%
×Asset turnover1.78×
×Equity multiplier2.42×
=Return on equity, FY2025-1.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -0.3% | 1.78× | 2.42× | -1.4% |
| FY2024 | 13.1% | 2.02× | 2.74× | 72.8% |
| FY2023 | 0.9% | 2.24× | 3.70× | 7.5% |
| FY2022 | 1.1% | 1.98× | 4.38× | 9.1% |
| FY2021 | -3.1% | 1.97× | 5.94× | -36.3% |
| FY2020 | -2.8% | 2.07× | 6.07× | -34.6% |
| FY2019 | -9.8% | 1.83× | 3.90× | -70.4% |
| FY2018 | 0.9% | 2.07× | 2.95× | 5.6% |
| FY2017 | 1.0% | 1.60× | 2.87× | 4.8% |
| FY2016 | 1.5% | 2.26× | 2.75× | 9.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$51.00M
- Cash generatingOperating cash flow above zero-$387.00M
- Return on assets improvedROA up on the prior year30.8% → -0.6%
- Earnings backed by cashOperating cash flow above net income-$387.00M vs -$51.00M
- Less leverageLong-term debt to assets fell12.1% → 13.0%
- Better liquidityCurrent ratio rose1.69 → 1.91
- No dilutionShare count did not rise174M → 164M
- Gross margin improvedGross margin up on the prior year3.52% → -0.77%
- More efficientAsset turnover rose2.34 → 1.70