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Fluor Corp (FLR) stock

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NYSE: FLR NYSE Construction & Engineering Next results ~November 6, 2026

C Fundamentals grade

Fluor Corp is a US-listed company in the construction & engineering industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 71% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 71% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Fluor Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Fluor files

Where Fluor stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $15.5bn, down 4.8% on a year earlier, a smaller fall than the 8.3% decline a quarter earlier. That puts it 19 of 20 for growth among the construction & engineering companies we cover. Free-cash-flow margin fell to -2.1% from 1.5% a year earlier. Operating margin narrowed to -1.4% from 1.8%. The diluted share count is down 10.8% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 4 of our 6 financial-health checks.

Our model value for Fluor is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 6, 2026 (estimated)

Fluor Corp's trailing-twelve-month revenue fell 4.8% year on year, with a free-cash-flow margin of -2.1%. Where it stands out: change in share count of -10.8% ranks 1 of 40 construction & engineering companies we cover. Where it lags: gross margin of -0.8% ranks 37 of 39 construction & engineering companies we cover.

Our discounted-cash-flow model values the business at ~$25 per share in the base case (~$22–$29 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Net margin compressing: TTM net margin fell to -12.8%, down 38.2pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 10.8% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $1.9bn.

Things to watch

  • Results due soon. Results are expected around 6 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 4.8% over the last 12 months.
  • Loss-making. Operating margin is -1.4%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 3.2 points on a year ago.
  • Burning cash. Free cash flow was -2.1% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 48% and a beta of 1.8 against the S&P 500.

Latest results: FY2026 Q2

Filed August 7, 2026
Earnings per share
$0.91 against an average estimate of $0.70: beat by 29.6%
Revenue
$4.33bn, up 8.8% on a year earlier
Share reaction
+7.2% in the first session after the results on August 7, 2026, against +0.6% for the S&P 500
Guidance given
adjusted EBITDA $500m to $525m (2026)
Next report
November 6, 2026; average EPS estimate $0.80

Fluor's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.0%
  • 1 week+3.3%
  • 1 month-7.1%
  • This year+17.0%
  • 1 year-4.9%
  • 5 years+134.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$15.5B
Operating margin
-1.4%
Net margin
-12.8%
EPS (TTM, diluted)
$-13.09

Growth

Revenue growth
−4.8%
Change in growth rate
+3.6 pts
Share count change
−10.8%

Cash

Free cash flow (TTM)
-$330M
FCF margin
-2.1%
Stock pay % of revenue
0.2%

Earnings

Last results
August 7, 2026
Next results (est.)
November 6, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Regulatory
  2. Announcement
  3. Results
  4. Guidance
  5. Leadership
  6. Partnership
  7. Announcement
  8. Partnership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Fluor Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 71% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Fluor Corp as an operating company, with every model that fits that kind of business. Cost of equity 10.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.29 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$48 ~$41–$67 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$23 ~$17–$30 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$23 ~$21–$27 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Fluor Corp with Construction & Engineering in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$43.06$48.69$48.76$30.91$18.69$15.97$24.77$34.66$39.17$49.32$39.63$46.38
Market value$6.3bn$6.9bn$6.9bn$4.4bn$2.6bn$2.3bn$3.5bn$5.0bn$6.0bn$8.6bn$6.5bn$7.1bn
+ Net debt (− = net cash)−$963m−$250m−$185m−$76m−$307m−$493m−$1.0bn−$1.3bn−$1.4bn−$1.7bn−$1.1bn−$1.9bn
Enterprise value$5.4bn$6.6bn$6.7bn$4.3bn$2.3bn$1.8bn$2.5bn$3.7bn$4.6bn$6.9bn$5.4bn$5.2bn
Multiples
Price / sales 0.3x0.4x0.5x0.2x0.2x0.1x0.2x0.4x0.4x0.5x0.4x0.5x
Price / earnings 15.3x24.4x44.7x25.2x———34.7x43.1x4.0x——
Price / free cash flow 10.4x14.6x21.5x—68.6x30.8x——56.5x12.9x——
EV / EBITDA ——15.9x6.1x———13.2x21.0x12.8x——

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

27 /100

Weak moat

How hard Fluor's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 0.2% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 3.1%, moving by 1.6 percentage points (standard deviation) across 6 years.

  • Durability 0 / 20

    Operating margin has been a median 0.3%; its worst year was -2.5%.

  • Cash conversion 5 / 20

    Free cash flow was positive in 5 of 10 years, at a median 0.1% of revenue.

  • Discipline 14 / 20

    The diluted share count rose 7.9% over five years; stock-based pay has been a median 0.2% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 6, 2026, before the open. Analysts expect revenue of $4.3bn and EPS of $0.80 (range $0.76 to $0.82) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.70 +23% $16.7bn +8%
Next $3.38 +25% $18.3bn +10%

Next year's EPS estimate has moved +3.4% in 90 days, across 8 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +5.2% on 90 days ago. In the last 30 days, 0 analysts raised Fluor Corp's forecast and 0 cut it.

Consensus EPS forecast Fluor Corp, last 90 days
$2.50 $3.00 $3.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.57 Current fiscal year, 60 days ago: $2.71 Current fiscal year, 30 days ago: $2.71 Current fiscal year, 7 days ago: $2.71 Current fiscal year, Now: $2.70 $2.70 Next fiscal year, 90 days ago: $3.27 Next fiscal year, 60 days ago: $3.37 Next fiscal year, 30 days ago: $3.37 Next fiscal year, 7 days ago: $3.38 Next fiscal year, Now: $3.38 $3.38

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.57$3.27
60 days ago $2.71$3.37
30 days ago $2.71$3.37
7 days ago $2.71$3.38
Now $2.70$3.38

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.70 $0.91 +29.6%
Mar 2026 $0.62 $0.14 −77.3%
Dec 2025 $0.34 $0.33 −3.6%
Sept 2025 $0.45 $0.68 +51.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 7, 2026
  • adjusted EBITDA 2026 $500m to $525m Non-GAAP Narrowed
    “The company is narrowing its 2026 adjusted EBITDA guidance from $525 - $560 million to $500 - $525 million.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

9 analysts, Nov 2026
Buy444%
Hold556%
Sell00%

Monthly trend

  1. Nov 2026459
  2. Oct 2026459
  3. Sep 2026459

Counts of recommendations published by analysts covering Fluor Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
11.5%
of tradable shares
Days to cover
4.84
at average volume
Short interest, 1 month
+7%
to October 15, 2026
Held by institutions
99%
of shares
Held by insiders
2.4%
of shares
Employees
22,995
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −4.9%

$48.77 on October 31, 2025 to $46.38

ThenNowEffect
Revenue (last 12 months) $16.3bn $15.5bn −4.8%
P/S multiple 0.5x 0.5x −10.9%
Share count 171m 153m +12.1%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +26.5%

$36.66 on November 3, 2023 to $46.38

ThenNowEffect
Revenue (last 12 months) $15.0bn $15.5bn +3.5%
P/S multiple 0.4x 0.5x +29.0%
Share count 145m 153m −5.2%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
FLR+55%+40%+13%+26%−20%+17%
Industry peers (median)+38%−8%+46%+48%+30%−11%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
FLR42%67%58%58%42%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
FLR−41%−27%−31%−18%−44%−25%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 94% from April 23, 2018 to March 18, 2020. Getting back needed a 1613% gain, reached on November 6, 2024, 1694 days after the low.

Price behaviour

52-week range
$39.63 – $57.50
From 52-week high
−19.3%
vs 50-day average
−8.8%
vs 200-day average
−6.1%
Volatility (1 year)
48%
Beta vs S&P 500
1.84

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±9.9%
After a week
5 up, 7 down
typical move ±10.3%
After a month
5 up, 7 down
typical move ±9.1%
Results releasedNext dayS&P 500 next day5 days21 days
August 7, 2026 +7.2% +0.6% +7.4% +16.1%
May 8, 2026 −14.5% +1.1% −13.2% −3.1%
February 17, 2026 +11.3% +0.7% +16.8% +0.4%
November 7, 2025 +2.3% +1.7% −4.9% −2.6%
August 1, 2025 −29.6% −0.1% −26.2% −26.5%
May 2, 2025 −3.8% +0.9% +0.2% +21.3%
February 18, 2025 −8.9% +0.5% −15.2% −11.9%
November 8, 2024 −15.5% +0.5% −11.9% −6.3%
August 2, 2024 −2.6% −4.7% +2.4% −0.3%
May 3, 2024 −5.4% +2.3% −6.3% +4.0%
February 20, 2024 −15.0% −0.5% −14.2% −6.3%
November 3, 2023 +2.7% +1.1% +4.5% +10.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fluor Corp in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Fluor Corp
$15B $15.5B $16B $16.5B $17B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $15.4B Revenue (TTM), FY23 Q4: $15.5B Revenue (TTM), FY24 Q1: $15.5B Revenue (TTM), FY24 Q2: $15.7B Revenue (TTM), FY24 Q3: $15.9B Revenue (TTM), FY24 Q4: $16.3B Revenue (TTM), FY25 Q1: $16.6B Revenue (TTM), FY25 Q2: $16.3B Revenue (TTM), FY25 Q3: $15.6B Revenue (TTM), FY25 Q4: $15.5B Revenue (TTM), FY26 Q1: $15.2B Revenue (TTM), FY26 Q2: $15.5B $15.5B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $15.4B
FY23 Q4 $15.5B
FY24 Q1 $15.5B
FY24 Q2 $15.7B
FY24 Q3 $15.9B
FY24 Q4 $16.3B
FY25 Q1 $16.6B
FY25 Q2 $16.3B
FY25 Q3 $15.6B
FY25 Q4 $15.5B
FY26 Q1 $15.2B
FY26 Q2 $15.5B
Revenue growth, TTM YoY Fluor Corp
-10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 16.5% Revenue growth, TTM YoY, FY23 Q4: 12.6% Revenue growth, TTM YoY, FY24 Q1: 7.5% Revenue growth, TTM YoY, FY24 Q2: 4.9% Revenue growth, TTM YoY, FY24 Q3: 3.3% Revenue growth, TTM YoY, FY24 Q4: 5.4% Revenue growth, TTM YoY, FY25 Q1: 7.2% Revenue growth, TTM YoY, FY25 Q2: 3.6% Revenue growth, TTM YoY, FY25 Q3: -1.8% Revenue growth, TTM YoY, FY25 Q4: -5.0% Revenue growth, TTM YoY, FY26 Q1: -8.3% Revenue growth, TTM YoY, FY26 Q2: -4.8% -4.8%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 16.5%
FY23 Q4 12.6%
FY24 Q1 7.5%
FY24 Q2 4.9%
FY24 Q3 3.3%
FY24 Q4 5.4%
FY25 Q1 7.2%
FY25 Q2 3.6%
FY25 Q3 -1.8%
FY25 Q4 -5.0%
FY26 Q1 -8.3%
FY26 Q2 -4.8%
Operating margin (TTM) Fluor Corp
-4% -2% 0% 2% 4% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 1.2% Operating margin (TTM), FY23 Q4: 0.9% Operating margin (TTM), FY24 Q1: 2.2% Operating margin (TTM), FY24 Q2: 2.7% Operating margin (TTM), FY24 Q3: 1.6% Operating margin (TTM), FY24 Q4: 2.8% Operating margin (TTM), FY25 Q1: 3.0% Operating margin (TTM), FY25 Q2: 1.8% Operating margin (TTM), FY25 Q3: -1.6% Operating margin (TTM), FY25 Q4: -2.4% Operating margin (TTM), FY26 Q1: -2.5% Operating margin (TTM), FY26 Q2: -1.4% -1.4%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 1.2%
FY23 Q4 0.9%
FY24 Q1 2.2%
FY24 Q2 2.7%
FY24 Q3 1.6%
FY24 Q4 2.8%
FY25 Q1 3.0%
FY25 Q2 1.8%
FY25 Q3 -1.6%
FY25 Q4 -2.4%
FY26 Q1 -2.5%
FY26 Q2 -1.4%
FCF margin (TTM) Fluor Corp
-4% -2% 0% 2% 4% 6% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -1.0% FCF margin (TTM), FY23 Q4: 0.7% FCF margin (TTM), FY24 Q1: 0.9% FCF margin (TTM), FY24 Q2: 2.1% FCF margin (TTM), FY24 Q3: 4.0% FCF margin (TTM), FY24 Q4: 4.1% FCF margin (TTM), FY25 Q1: 3.1% FCF margin (TTM), FY25 Q2: 1.5% FCF margin (TTM), FY25 Q3: 1.5% FCF margin (TTM), FY25 Q4: -2.8% FCF margin (TTM), FY26 Q1: -0.3% FCF margin (TTM), FY26 Q2: -2.1% -2.1%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -1.0%
FY23 Q4 0.7%
FY24 Q1 0.9%
FY24 Q2 2.1%
FY24 Q3 4.0%
FY24 Q4 4.1%
FY25 Q1 3.1%
FY25 Q2 1.5%
FY25 Q3 1.5%
FY25 Q4 -2.8%
FY26 Q1 -0.3%
FY26 Q2 -2.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 22.0 20.8 23.4 27.6 27.4 21.5 18.1 19.0 14.8 18.9 15.5 15.8 14.2 13.7 15.5 16.3 15.5 15.5
Gross profit — — — — — — — 0.8 0.3 0.6 −0.2 0.4 0.5 0.4 0.5 0.6 −0.1 −0.1
EBITDA 1.4 0.8 1.2 1.0 — — — — 0.4 0.7 −0.7 −0.1 −0.2 0.3 0.2 0.5 −0.3 −0.2
Operating income 1.3 0.6 1.0 0.8 — — — — 0.2 0.5 −0.8 −0.2 −0.3 0.2 0.1 0.5 −0.4 −0.2
Net income 0.7 0.4 0.6 0.5 0.7 0.5 0.4 0.3 0.2 0.2 −1.5 −0.4 −0.4 0.1 0.1 2.1 −0.1 −2.0
Diluted EPS $3.75 $1.98 $3.40 $2.71 $4.06 $3.20 $2.81 $2.00 $1.09 $1.23 −$10.87 −$3.10 — $0.73 $0.54 $12.30 −$0.31 −$13.09
Growth (year on year)
Revenue −1.5% −5.2% +12.1% +17.9% −0.8% −21.3% −15.9% +5.1% −22.2% +27.3% −18.0% +2.2% −10.3% −2.9% +12.6% +5.4% −5.0% −4.8%
EBITDA — −43.4% +53.4% −21.1% — — — — — +68.7% −195.2% — — — −21.6% — −157.8% −140.4%
Operating income — −50.4% +68.1% −26.3% — — — — — — −262.4% — — — — — −181.6% —
Net income −4.4% −47.8% — −23.1% — −23.5% −19.3% −31.8% — — — — — — — — −102.4% −148.3%
Diluted EPS −3.6% −47.2% — −20.3% — −21.2% −12.2% −28.8% — — — — — — — — −102.5% −154.1%
Margins
Gross margin — — — — — — — 4.2% 1.9% 3.0% −1.3% 2.6% 3.2% 2.6% 3.1% 3.5% −0.8% −0.8%
EBITDA margin 6.5% 3.9% 5.3% 3.6% — — — — 2.8% 3.8% −4.4% −0.8% −1.4% 2.1% 1.4% 3.3% −2.0% −1.0%
Operating margin 5.7% 3.0% 4.5% 2.8% — — — — 1.4% 2.7% −5.4% −1.5% −1.9% 1.5% 0.9% 2.8% −2.4% −1.4%
Net margin 3.1% 1.7% 2.5% 1.7% 2.4% 2.4% 2.3% 1.5% 1.0% 0.9% −9.8% −2.8% −3.1% 1.1% 0.9% 13.1% −0.3% −12.8%
Free-cash-flow margin 3.1% 1.4% 2.4% 1.3% 1.8% 1.5% 3.4% 2.5% 2.2% −0.3% 0.2% 0.5% −0.4% −0.3% 0.7% 4.1% −2.8% −2.1%
Cash flow
Cash from operations 0.9 0.6 0.9 0.6 0.8 0.6 0.8 0.7 0.6 0.2 0.2 0.2 0.0 0.0 0.2 0.8 −0.4 −0.3
Capital spending 0.2 0.3 0.3 0.3 0.3 0.3 0.2 0.2 0.3 0.2 0.2 0.1 0.1 0.1 0.1 0.2 0.1 0.0
Free cash flow 0.7 0.3 0.6 0.3 0.5 0.3 0.6 0.5 0.3 −0.0 0.0 0.1 −0.1 −0.0 0.1 0.7 −0.4 −0.3
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Free cash flow after stock pay 0.6 0.2 0.5 0.3 0.5 0.3 0.5 0.4 0.3 −0.1 0.0 0.1 −0.1 −0.1 0.1 0.6 −0.5 −0.4
Balance sheet
Cash 1.7 2.1 2.2 2.2 2.3 2.0 1.9 1.9 1.8 1.8 2.0 2.2 2.2 2.4 2.5 2.8 2.1 2.9
Total debt 0.1 0.1 0.5 0.5 0.5 1.0 1.0 1.6 1.6 1.7 1.7 1.7 1.2 1.1 1.2 1.1 1.1 1.1
Net debt (negative = net cash) −1.6 −2.0 −1.6 −1.6 −1.8 −1.0 −1.0 −0.3 −0.2 −0.1 −0.3 −0.5 −1.0 −1.3 −1.4 −1.7 −1.1 −1.9
Diluted shares 181m 181m 175m 168m 164m 160m 147m 141m 141m 141m 140m 141m 141m 145m 153m 174m 164m 153m
Returned to shareholders
Dividends 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 — — — — — —
Buybacks 0.1 0.2 0.6 0.4 0.2 0.9 0.5 0.0 0.0 0.1 0.0 0.0 — 0.0 0.0 0.1 0.8 1.3
Total returned 0.2 0.3 0.7 0.5 0.3 1.0 0.6 0.1 0.1 0.2 0.1 0.0 — 0.0 0.0 0.1 0.8 1.3

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 6 checks passed · June 30, 2026
What it owns · $7.5bn
Short-term assets $5.7bnLonger-term assets $1.8bn
What it owes, and who funded it · $5.9bn
Short-term liabilities $3.2bnShareholders' equity $2.7bn
  • Short-term assets cover short-term liabilities $5.7bn of assets due within a year against $3.2bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $2.9bn of cash against $1.1bn of debt.
  • Debt below 40% of shareholders' equity Debt is 40% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 84% to 40% over five years.
  • A year's operating cash flow covers at least 20% of debt −$287m of operating cash flow against $1.1bn of debt.
  • Operating profit covers interest at least five times over Operating income of −$216m against $43m of interest.

From Fluor Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$1.3B
Buybacks, last 3 fiscal years
$879M
Diluted share count
−10.8%
year over year
Total shareholder yield
20.3%
dividends 0.0% + buybacks 20.3% of market value

Competitors: side by side with peers

Closest by revenue in construction & engineering
Last 12 months unless stated FLR ACM J MTZ EME FER Median
Revenue, last 12 months $15.5bn $15.4bn $14.2bn $17.3bn $19.8bn $10.9bn $1.5bn
Revenue growth, last 12 months −4.8% −4.2% 20.1% 25.7% 22.1% 10.0% 21.2%
Revenue growth, 3-year average 1.1% 3.3% 28.1% 13.8% 17.9% — 11.3%
Revenue growth, latest quarter 8.8% −14.2% 34.5% 29.9% 28.8% — 26.9%
Gross margin −0.8% 5.7% 22.1% — 19.6% — 13.0%
Operating margin −1.4% 4.1% 4.6% — 10.4% 34.0% 4.1%
Operating margin, 3-year average 1.0% 4.9% 5.9% — 9.5% — 5.4%
Net margin −12.8% 1.9% 2.4% 2.8% 7.8% 9.2% 1.9%
Cash from operations / revenue −1.8% 2.4% 5.2% 4.4% 8.1% 20.0% 4.4%
Free-cash-flow margin −2.1% 1.3% 4.5% 2.3% 7.5% 14.9% 2.3%
Free-cash-flow margin, 3-year average 0.5% 3.6% 5.5% 4.5% 7.9% — 5.5%
Stock pay / revenue 0.2% 0.3% 0.5% 0.2% 0.1% — 0.7%
Change in share count −10.8% −2.2% −3.3% 0.0% −2.0% −0.8% 0.8%

Median of all 43 companies we cover in construction & engineering. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

43 construction & engineering companies
Measure Company Peer median Rank
Revenue growth Growth -4.8% 21.2% 37 of 43
Change in growth rate Growth +3.6pp +3.2pp 20 of 43
Gross margin Profitability -0.8% 11.8% 37 of 39
Operating margin Profitability -1.4% 4.1% 27 of 39
Net margin Profitability -12.8% 2.1% 35 of 42
Free-cash-flow margin Cash generation -2.1% 2.3% 28 of 43
Stock pay as % of revenue Cash generation 0.2% 0.7% 4 of 33
Long-term debt as % of assets Balance sheet 14.2% 16.2% 16 of 35
Change in share count Balance sheet -10.8% 1.9% 1 of 40

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue Share YoY
North America $11.3B 73.0% ▲ 2.0%
Europe $2.9B 18.7% ▲ 7.7%
Asia Pacific $604M 3.9% ▼ 67.1%
Central and South America $538M 3.5% ▲ 11.2%
Middle East and Africa $152M 1.0% ▼ 29.6%

From Fluor Corp's 10-K filed February 17, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$6.8B
Institutions reporting
552
Shares held vs prior quarter
▲ 1.1%
Positions opened / closed
79 / 58

Top buyers and sellers, Q2 2026: 239 institutions bought and 285 sold ; the biggest buyer was Rubric Capital Management LP (+5.0M shares) and the biggest seller Blackrock, Inc (−1.9M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1B 19.2M 14.8% ▼ 8.8%
Vanguard Portfolio Management LLC $352M 6.7M 5.2% ▼ 4.5%
Vanguard Capital Management LLC $330M 6.3M 4.8% ▼ 6.4%
State Street Corp $294M 5.6M 4.3% ▼ 9.1%
Geode Capital Management, LLC $272M 4.8M 4.0% ▼ 3.1%
Rubric Capital Management LP $263M 5.0M 3.9% New
Dme Capital Management, LP $244M 4.7M 3.6% ▼ 1.9%
Hotchkis & Wiley Capital Management LLC $243M 4.6M 3.6% ▲ 15.3%
D. E. Shaw & Co., Inc. $155M 2.9M 2.3% ▲ 2.8%
Dimensional Fund Advisors LP $154M 2.9M 2.3% ▼ 21.7%
Morgan Stanley $145M 2.8M 2.1% ▼ 0.8%
Invesco Ltd. $139M 2.7M 2.0% ▼ 17.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Fluor Corp's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $1.8B 19 trades by 9 insiders · 0% under pre-set plans
Net ▼ $1.8B net selling
Insider Date Trade Shares Price Value
Bechelany Pierre Edward Group President August 7, 2026 Sell pre-set plan 5,000 $55.24 $276,200
Fluor Corp Director April 21, 2026 Sell 13,500,000 $11.81 $159M
Fluor Corp Director April 15, 2026 Sell 12,936,472 $11.63 $150M
Fluor Corp Director April 9, 2026 Sell 13,500,000 $12.07 $163M
Collins Alvin C Iii GROUP PRESIDENT March 10, 2026 Sell pre-set plan 15,610 $45.62 $712,128
Morgan Anthony GROUP PRESIDENT March 6, 2026 Sell pre-set plan 8,500 $44.78 $380,630
Regan John C CHIEF FINANCIAL OFFICER February 27, 2026 Sell 8,094 $51.41 $416,113
Regan John C CHIEF FINANCIAL OFFICER February 27, 2026 Sell 3,895 $52.21 $203,358
Fluor Corp Director February 26, 2026 Sell 463,747 $13.15 $6.1M
Regan John C CHIEF FINANCIAL OFFICER February 26, 2026 Sell 16,773 $52.74 $884,608
Morgan Anthony GROUP PRESIDENT February 23, 2026 Sell 3,387 $53.09 $179,816
Alexander Michael E. GROUP PRESIDENT February 23, 2026 Sell 3,387 $53.07 $179,748

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 16 trades and filings

In the last 12 months, 1 member of Congress disclosed 0 purchases and 1 sale of Fluor Corp shares.

  • Steve Cohen(D-TN 9):Sale (full), $15,001 - $50,000, traded December 29, 2025, filed January 26, 2026
  • Lois Frankel(D-FL 22):Sale (full), $1,001 - $15,000, traded September 8, 2023, filed October 10, 2023
  • Lois Frankel(D-FL 22):Sale (partial), $1,001 - $15,000, traded August 4, 2023, filed August 26, 2023

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 6, 2026 estimated from the company's past filing pattern, not announced

  • August 7, 2026
  • May 8, 2026
  • February 17, 2026
  • November 7, 2025
  • August 1, 2025
  • May 2, 2025

Recent SEC filings

Data status

When each part of this page on Fluor Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Fluor Corp in brief

What does Fluor Corp do?
Fluor Corp is a US-listed company in the construction & engineering industry. Its financial year ends in December.
What is Fluor Corp's stock ticker?
Fluor Corp trades under the ticker FLR on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Fluor Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Fluor Corp reported revenue of $15.5B, 4.8% lower than a year earlier, according to its SEC filings.
What is Fluor Corp's free cash flow?
Fluor Corp's free-cash-flow margin is -2.1% of revenue over the trailing twelve months, ranking 28 of the 43 construction & engineering companies we cover.
Who are Fluor Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Fluor Corp buying back stock, and does it pay a dividend?
Fluor Corp spent $1.3B on share repurchases over the trailing twelve months, and its diluted share count fell 10.8% over the year.
What is Fluor Corp's market cap?
On November 2, 2026, Fluor Corp's market capitalisation was about $7.1B and net debt of -$1.9B. Market figures come from third-party market data and may be delayed.
How much debt does Fluor Corp have?
Fluor Corp's debt-to-equity ratio is 39.9%, from its latest balance sheet (84.3% five years earlier). The financial health section below sets out its other solvency checks.
Who are Fluor Corp's competitors?
In our Construction & Engineering peer group, the companies closest to Fluor Corp are Aecom, Jacobs Solutions, Mastec Inc, Emcor and Ferrovial N.V. The side-by-side comparison below sets their revenue, margins and growth against Fluor Corp's.
Are insiders buying or selling Fluor Corp stock?
Over the last 12 months, Fluor Corp's directors and officers reported 0 open-market purchases and 19 sales on Form 4. The insider trading page charts every trade.
When is Fluor Corp's next earnings date?
Around November 6, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Fluor Corp announces its own schedule.