Fluor Corp Financials
This page shows Fluor Corp (FLR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Fluor Corp has an operating margin of -2.4%, meaning the company retains $-2 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 2.8% the prior year.
Fluor Corp's revenue declined 5% year-over-year, from $16.3B to $15.5B. This contraction results in a growth score of 14/100.
Fluor Corp carries a low D/E ratio of 0.33, meaning only $0.33 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.
Fluor Corp's current ratio of 1.91 indicates adequate short-term liquidity, earning a score of 56/100. The company can meet its near-term obligations, though with limited headroom.
While Fluor Corp generated -$387.0M in operating cash flow, capex of $50.0M consumed most of it, leaving -$437.0M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Fluor Corp generates a 1.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 6/100. This is down from 54.3% the prior year.
Fluor Corp passes 3 of 9 financial strength tests. No profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Fluor Corp generates $7.59 in operating cash flow (-$387.0M OCF vs -$51.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Fluor Corp earns $-9.0 in operating income for every $1 of interest expense (-$378.0M vs $42.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Fluor Corp generated $15.5B in revenue in fiscal year 2025. This represents a decrease of 5.0% from the prior year.
Fluor Corp's EBITDA was -$310.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 157.8% from the prior year.
Fluor Corp generated -$437.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 165.8% from the prior year.
Fluor Corp reported -$51.0M in net income in fiscal year 2025. This represents a decrease of 102.4% from the prior year.
Fluor Corp earned $-0.31 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 102.5% from the prior year.
Fluor Corp held $2.1B in cash against $1.1B in long-term debt as of fiscal year 2025.
Fluor Corp had 147M shares outstanding in fiscal year 2025. This represents a decrease of 13.2% from the prior year.
Fluor Corp's gross margin was -0.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 4.3 percentage points from the prior year.
Fluor Corp's operating margin was -2.4% in fiscal year 2025, reflecting core business profitability. This is down 5.3 percentage points from the prior year.
Fluor Corp's net profit margin was -0.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 13.5 percentage points from the prior year.
Fluor Corp's ROE was 1.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 52.8 percentage points from the prior year.
Fluor Corp spent $754.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 503.2% from the prior year.
Fluor Corp invested $50.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 69.5% from the prior year.
FLR Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.2B+24.0% | $3.4B-15.3% | $4.0B-0.1% | $4.0B-6.5% | $4.3B+11.5% | $3.8B-3.6% | $4.0B+0.6% | $3.9B |
| Cost of Revenue | $4.0B+5.9% | $3.8B-2.7% | $3.9B+2.1% | $3.8B-5.2% | $4.1B+7.9% | $3.8B+1.1% | $3.7B-0.8% | $3.7B |
| Gross Profit | $133.0M+129.6% | -$449.0M-901.8% | $56.0M-60.0% | $140.0M-33.0% | $209.0M+216.7% | $66.0M-73.7% | $251.0M+26.8% | $198.0M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $65.0M+51.2% | $43.0M-17.3% | $52.0M+44.4% | $36.0M-36.8% | $57.0M+5.6% | $54.0M-3.6% | $56.0M-6.7% | $60.0M |
| Operating Income | $53.0M+110.7% | -$496.0M-1807.7% | -$26.0M-128.6% | $91.0M-51.1% | $186.0M+875.0% | -$24.0M-111.0% | $218.0M+131.9% | $94.0M |
| Interest Expense | $10.0M-9.1% | $11.0M+22.2% | $9.0M-25.0% | $12.0M+9.1% | $11.0M-21.4% | $14.0M0.0% | $14.0M-12.5% | $16.0M |
| Income Tax | -$574.0M-224.3% | -$177.0M-123.1% | $765.0M+1543.4% | -$53.0M-111.5% | $461.0M+620.3% | $64.0M-19.0% | $79.0M+25.4% | $63.0M |
| Net Income | -$1.6B-125.7% | -$697.0M-128.3% | $2.5B+1120.7% | -$241.0M-112.9% | $1.9B+8971.4% | -$21.0M-110.2% | $206.0M+237.7% | $61.0M |
| EPS (Diluted) | $-9.40-118.6% | $-4.30-129.0% | $14.81+1143.0% | $-1.42-113.3% | $10.68+7728.6% | $-0.14-112.2% | $1.15+228.6% | $0.35 |
FLR Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.2B-28.2% | $11.5B-2.7% | $11.8B+40.0% | $8.4B-7.9% | $9.1B+31.1% | $7.0B-2.7% | $7.2B+6.0% | $6.8B |
| Current Assets | $6.4B+17.7% | $5.5B+8.9% | $5.0B+2.4% | $4.9B-5.1% | $5.2B+2.2% | $5.1B+0.1% | $5.1B+3.7% | $4.9B |
| Cash & Equivalents | $2.1B-23.1% | $2.8B+27.8% | $2.2B-10.7% | $2.4B-14.0% | $2.8B+12.3% | $2.5B+4.0% | $2.4B+7.0% | $2.3B |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | $206.0M0.0% | $206.0M0.0% | $206.0M+3.5% | $199.0M-3.4% | $206.0M0.0% | $206.0M0.0% | $206.0M |
| Total Liabilities | $5.0B-20.5% | $6.3B+7.6% | $5.8B+20.8% | $4.8B-7.0% | $5.2B+3.2% | $5.0B-4.7% | $5.3B+6.5% | $5.0B |
| Current Liabilities | $3.4B-10.7% | $3.8B+22.0% | $3.1B+10.0% | $2.8B-8.2% | $3.1B-2.9% | $3.2B+0.7% | $3.1B-1.6% | $3.2B |
| Long-Term Debt | $1.1B0.0% | $1.1B0.0% | $1.1B-1.6% | $1.1B-1.5% | $1.1B-4.7% | $1.2B-18.7% | $1.4B+45.6% | $979.0M |
| Total Equity | $3.2B-37.4% | $5.2B-12.8% | $5.9B+65.7% | $3.6B-9.1% | $3.9B+103.6% | $1.9B+3.0% | $1.9B+4.8% | $1.8B |
| Retained Earnings | $3.1B-34.0% | $4.6B-13.1% | $5.3B+85.2% | $2.9B-7.7% | $3.1B+219.1% | $979.0M-2.1% | $1.0B+20.3% | $831.0M |
FLR Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$366.0M-228.0% | $286.0M+1461.9% | -$21.0M+92.7% | -$286.0M-187.5% | $327.0M+6.2% | $308.0M+10166.7% | $3.0M-95.2% | $62.0M |
| Capital Expenditures | $12.0M-7.7% | $13.0M-7.1% | $14.0M+27.3% | $11.0M-64.5% | $31.0M-11.4% | $35.0M+20.7% | $29.0M+31.8% | $22.0M |
| Free Cash Flow | -$378.0M-238.5% | $273.0M+880.0% | -$35.0M+88.2% | -$297.0M-200.3% | $296.0M+8.4% | $273.0M+1150.0% | -$26.0M-165.0% | $40.0M |
| Investing Cash Flow | $121.0M-67.9% | $377.0M+488.7% | -$97.0M-369.4% | $36.0M+117.6% | -$204.0M+11.7% | -$231.0M-55.0% | -$149.0M-265.6% | $90.0M |
| Financing Cash Flow | -$409.0M-770.2% | -$47.0M+73.6% | -$178.0M-9.2% | -$163.0M-18.1% | -$138.0M-3350.0% | -$4.0M-101.2% | $328.0M+1011.1% | -$36.0M |
| Dividends Paid | N/A | $0 | $0 | $0 | $0 | $0-100.0% | $10.0M0.0% | $10.0M |
| Share Buybacks | $389.0M+455.7% | $70.0M-54.2% | $153.0M+7.7% | $142.0M+13.6% | $125.0M | N/A | N/A | N/A |
FLR Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 3.2%+16.5pp | -13.3%-14.7pp | 1.4%-2.1pp | 3.5%-1.4pp | 4.9%+3.2pp | 1.7%-4.6pp | 6.3%+1.3pp | 5.0% |
| Operating Margin | 1.3%+16.0pp | -14.7%-14.1pp | -0.7%-2.9pp | 2.3%-2.1pp | 4.4%+5.0pp | -0.6%-6.1pp | 5.5%+3.1pp | 2.4% |
| Net Margin | -37.7%-17.0pp | -20.7%-82.5pp | 61.8%+67.9pp | -6.0%-49.8pp | 43.7%+44.3pp | -0.5%-5.8pp | 5.2%+3.6pp | 1.6% |
| Return on Equity | N/A | 2.4%-38.9pp | 41.3%+38.3pp | 3.0%-44.2pp | 47.2% | N/A | 10.9%+7.5pp | 3.4% |
| Return on Assets | -19.1%-13.0pp | -6.1%-27.0pp | 20.9%+23.7pp | -2.9%-23.2pp | 20.4%+20.7pp | -0.3%-3.2pp | 2.9%+2.0pp | 0.9% |
| Current Ratio | 1.91+0.5 | 1.45-0.2 | 1.62-0.1 | 1.74+0.1 | 1.69+0.1 | 1.60-0.0 | 1.61+0.1 | 1.53 |
| Debt-to-Equity | 0.33+0.1 | 0.21+0.0 | 0.18-0.1 | 0.30+0.0 | 0.28-0.3 | 0.60-0.2 | 0.76+0.2 | 0.54 |
| FCF Margin | -9.0%-17.2pp | 8.1%+9.0pp | -0.9%+6.6pp | -7.5%-14.4pp | 7.0%-0.2pp | 7.1%+7.8pp | -0.7%-1.7pp | 1.0% |
Similar Companies
Frequently Asked Questions
What is Fluor Corp's annual revenue?
Fluor Corp (FLR) reported $15.5B in total revenue for fiscal year 2025. This represents a -5.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Fluor Corp's revenue growing?
Fluor Corp (FLR) revenue declined by 5% year-over-year, from $16.3B to $15.5B in fiscal year 2025.
Is Fluor Corp profitable?
No, Fluor Corp (FLR) reported a net income of -$51.0M in fiscal year 2025, with a net profit margin of -0.3%.
What is Fluor Corp's earnings per share (EPS)?
Fluor Corp (FLR) reported diluted earnings per share of $-0.31 for fiscal year 2025. This represents a -102.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Fluor Corp's EBITDA?
Fluor Corp (FLR) had EBITDA of -$310.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Fluor Corp have?
As of fiscal year 2025, Fluor Corp (FLR) had $2.1B in cash and equivalents against $1.1B in long-term debt.
What is Fluor Corp's gross margin?
Fluor Corp (FLR) had a gross margin of -0.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Fluor Corp's operating margin?
Fluor Corp (FLR) had an operating margin of -2.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Fluor Corp's net profit margin?
Fluor Corp (FLR) had a net profit margin of -0.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Fluor Corp's return on equity (ROE)?
Fluor Corp (FLR) has a return on equity of 1.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Fluor Corp's free cash flow?
Fluor Corp (FLR) generated -$437.0M in free cash flow during fiscal year 2025. This represents a -165.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Fluor Corp's operating cash flow?
Fluor Corp (FLR) generated -$387.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Fluor Corp's total assets?
Fluor Corp (FLR) had $8.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Fluor Corp's capital expenditures?
Fluor Corp (FLR) invested $50.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Fluor Corp buy back shares?
Yes, Fluor Corp (FLR) spent $754.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Fluor Corp have outstanding?
Fluor Corp (FLR) had 147M shares outstanding as of fiscal year 2025.
What is Fluor Corp's current ratio?
Fluor Corp (FLR) had a current ratio of 1.91 as of fiscal year 2025, which is generally considered healthy.
What is Fluor Corp's debt-to-equity ratio?
Fluor Corp (FLR) had a debt-to-equity ratio of 0.33 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Fluor Corp's return on assets (ROA)?
Fluor Corp (FLR) had a return on assets of -0.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Fluor Corp's cash runway?
Based on fiscal year 2025 data, Fluor Corp (FLR) had $2.1B in cash against an annual operating cash burn of $387.0M. This gives an estimated cash runway of approximately 66 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Fluor Corp's Piotroski F-Score?
Fluor Corp (FLR) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Fluor Corp's earnings high quality?
Fluor Corp (FLR) has an earnings quality ratio of 7.59x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Fluor Corp cover its interest payments?
Fluor Corp (FLR) has an interest coverage ratio of -9.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Fluor Corp?
Fluor Corp (FLR) scores 29 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.