FLUOR CORP FLR
Fluor is dedicated to building a better world by applying our world-class expertise to solve our clients' greatest challenges. We deliver professional and technical solutions that emphasize safety, operational excellence and capital efficiency for our clients. Incorporated in Delaware in September 2000, Fluor and its predecessors have served clients for over 110 years, consistently supporting development and progress. We believe we are poised to continue helping our clients meet similar needs into the foreseeable future.
Through our subsidiaries and joint ventures, we stand among the world's leading professional services firms, offering EPC and project management services. We provide these services to our clients in diverse industries worldwide including life sciences, advanced technologies and manufacturing, data centers, mining and metals, gas and nuclear derived power, infrastructure, chemicals, LNG, and oil and gas production and fuels. We are also a service provider to the U.S. federal government and governments abroad.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.50B | $16.32B | $15.47B | $13.74B | $14.16B | $15.79B | $15.45B | $18.85B | $14.81B | $19.04B |
| Cost of revenue | $15.62B | $15.74B | $15.00B | $13.39B | $13.70B | $15.38B | $15.66B | $18.28B | $14.53B | $18.25B |
| Gross profit | -$120.0M | $574.0M | $477.0M | $355.0M | $454.0M | $410.0M | -$206.1M | $569.4M | $277.7M | $790.3M |
| SG&A | $196.0M | $203.0M | $232.0M | $237.0M | $226.0M | $215.0M | $139.8M | $121.2M | $183.7M | $191.1M |
| Operating income | -$378.0M | $463.0M | $147.0M | $209.0M | -$273.0M | -$232.0M | -$828.3M | $510.0M | $213.2M | — |
| Interest expense | $42.0M | $46.0M | $60.0M | $59.0M | $90.0M | $72.0M | $64.9M | $77.1M | $67.5M | $69.7M |
| Pre-tax income | -$101.0M | $2.72B | $315.0M | $244.0M | -$346.0M | -$278.0M | -$839.5M | $385.7M | $53.8M | $546.6M |
| Income tax | $39.0M | $634.0M | $236.0M | $171.0M | $20.0M | $23.0M | $482.0M | $173.3M | $16.4M | $219.2M |
| Net income | -$51.0M | $2.15B | $139.0M | $145.0M | -$440.0M | -$435.0M | -$1.52B | $173.5M | $153.7M | $281.4M |
| EPS, basic | -0.31 | 12.48 | 0.55 | 0.75 | — | -3.10 | -10.87 | 1.24 | 1.10 | 2.02 |
| EPS, diluted | -0.31 | 12.30 | 0.54 | 0.73 | — | -3.10 | -10.87 | 1.23 | 1.09 | 2.00 |
| Shares, diluted (wtd. avg.) | $164.0M | $174.0M | $153.0M | $145.0M | $141.0M | $141.0M | $140.1M | $141.3M | $140.9M | $140.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.13B | $2.83B | $2.52B | $2.44B | $2.21B | $2.20B | $2.00B | $1.76B | $1.80B | $1.85B |
| Short-term investments | $59.0M | $130.0M | $69.0M | $185.0M | $127.0M | $23.3M | $7.3M | $101.1M | $142.5M | $111.0M |
| Total current assets | $6.44B | $5.17B | $5.06B | $5.04B | $5.18B | $5.03B | $5.37B | $5.46B | $5.71B | $5.61B |
| Property, plant and equipment | $464.0M | $494.0M | $458.0M | $447.0M | $456.0M | $463.8M | $594.8M | $753.9M | $776.5M | $1.02B |
| Goodwill | — | $199.0M | $206.0M | $206.0M | $249.0M | $207.4M | $508.4M | $491.5M | $514.5M | $532.2M |
| Other intangibles | — | — | — | — | — | $77.6M | $106.5M | $158.0M | $188.4M | $190.3M |
| Total assets | $8.24B | $9.14B | $6.97B | $6.83B | $7.09B | $7.31B | $7.97B | $9.15B | $9.47B | $9.22B |
| Accounts payable | $1.48B | $1.22B | $1.21B | $1.02B | $1.22B | $1.12B | $1.55B | $1.39B | $1.19B | $1.59B |
| Short-term debt | — | — | $0 | $152.0M | $18.0M | $4.9M | $38.7M | $80.6M | $28.8M | $82.2M |
| Total current liabilities | $3.38B | $3.07B | $3.16B | $3.22B | $3.61B | $3.57B | $3.91B | $3.92B | $4.21B | $3.82B |
| Long-term debt | $1.07B | $1.10B | $1.16B | $978.0M | $1.17B | $1.70B | $1.65B | $1.58B | $1.61B | $1.52B |
| Retained earnings | $3.06B | $3.12B | $979.0M | $896.0M | $791.0M | $1.25B | $1.70B | $3.23B | $3.18B | $3.58B |
| Total equity | $3.24B | $3.95B | $2.05B | $2.00B | $1.57B | $1.26B | $1.58B | $2.98B | $3.40B | $3.19B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$387.0M | $828.0M | $212.0M | $31.0M | $25.0M | $186.0M | $219.0M | $162.2M | $602.0M | $705.9M |
| Depreciation and amortisation | $68.0M | $73.0M | $74.0M | $73.0M | $74.0M | $105.0M | $154.6M | $197.6M | $206.1M | $211.1M |
| Stock-based compensation | $30.0M | $31.0M | $48.0M | $19.0M | $32.0M | $22.0M | $36.1M | $43.0M | $40.7M | $40.1M |
| Capital expenditure | $50.0M | $164.0M | $106.0M | $75.0M | $75.0M | $113.0M | $180.8M | $211.0M | $283.1M | $235.9M |
| Investing cash flow | $437.0M | -$333.0M | -$277.0M | -$78.0M | -$122.0M | -$41.0M | $80.5M | $1.4M | -$484.3M | -$741.4M |
| Financing cash flow | -$797.0M | -$116.0M | $127.0M | $315.0M | $122.0M | $48.0M | -$77.3M | -$140.5M | -$215.5M | -$10.3M |
| Dividends paid | — | — | — | — | — | $28.7M | $118.1M | $118.7M | $118.0M | $118.0M |
| Buybacks | $754.0M | $125.0M | $0 | $0 | — | $0 | $0 | $50.0M | $0 | $9.7M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001124198-26-000025.
Others in SIC 1600
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| J | JACOBS SOLUTIONS INC. | $17.11B | 61.4x | 4.6% |
| STRL | STERLING INFRASTRUCTURE, INC. | $14.88B | 51.9x | 17.7% |
| ROAD | Construction Partners, Inc. | $5.85B | 56.9x | 54.2% |
| GVA | GRANITE CONSTRUCTION INC | $5.22B | 30.9x | 10.4% |
| KBR | KBR, INC. | $4.64B | 11.5x | 1.0% |
| ORN | Orion Group Holdings Inc | $375.6M | 154.7x | 7.0% |
| SHIM | Shimmick Corp | $155.8M | — | 2.6% |
| SLND | Southland Holdings, Inc. | $35.2M | — | -21.2% |