Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Fluor Corp

FLR · NYSE · Industrial

Fundamental quality

WEAK

24

out of 100

Fluor Corp is going through a tough financial stretch: it hasn't been profitable over the last twelve months and its revenue is shrinking. On fundamental quality it scores 24 out of 100, profiling it as a company with demanding fundamentals. Its weakest area is its financial strength (net debt 12.18× EBITDA). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Fluor is one of the world's big engineering and industrial construction firms: it designs and builds chemical plants, mines, infrastructure and giant government projects. After years purging ruinous fixed-price contracts, it now boasts a healthier backlog and an unexpected jewel: a stake in NuScale's small nuclear reactors.

What will shape its future

  • Contract discipline: billing cost-reimbursable instead of fixed-price is the lesson learned.
  • Its NuScale stake, the nuclear lottery ticket at times worth more than the whole business.
  • Industrial and energy megaprojects, its cyclical underlying demand.

Breakdown by area

I.Growth
27

Revenue growth: -0.3%

II.Profitability
22

Net margin: -12.8% · ROE: -74.3%

III.Financial health
22

Net debt/EBITDA: 12.18x · FCF: -2.1%

Source: SEC EDGAR · TTM through 30/06/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its financial strength drags it down the most.

Versus its sector

Percentile against the other 69 Industrial companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 3%
ROEbeats 0%
Growthbeats 3%
Cash generationbeats 5%
Less debtbeats 3%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Fluor Corp strengths

  • No clearly standout strengths by the system's thresholds.

Fluor Corp risks and weaknesses

  • Very high leverage (net debt of 12.18× EBITDA): more exposed to rates and to a rough patch.
  • No profits over the last twelve months (negative EPS).
  • Losses over the last twelve months (net margin of -12.8%).
  • Declining revenue (-0.3% annualized).

Fluor Corp historical evolution

YearRevenueNet incomeFree cash flowNet debt
202015,788-43573-493
202114,156-440-50-1,017
202213,744145-44-1,309
202315,474139106-1,361
202416,3152,145664-1,725
202515,503-51-437-1,065

Between 2020 and 2025, revenue went from $15,788M to $15,503M (-2%) and net income went from -$435M to -$51M (+88%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+0.4%
  • Net income-87.7%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score4924
  • Net margin2.3%-12.8%
  • ROE12.2%-74.3%
  • FCF margin-0.3%-2.1%
  • Net debt/EBITDA6.8×12.18×

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$16.25

per share, yearly

39.3% of free cash flow

Payout

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Fluor Corp cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Fluor Corp a good company to invest in?

In terms of business quality, Fluor Corp scores 24 out of 100 in our analysis, placing it as a company with demanding fundamentals. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Fluor Corp a profitable company?

Over the last twelve months, no: Fluor Corp posts a negative net margin (-12.8%).

Does Fluor Corp have a lot of debt?

Yes, its leverage is high: net debt is 12.18 times its EBITDA.

Is Fluor Corp growing?

Its revenue has fallen 0.3% annualized in recent years.

Does Fluor Corp generate cash?

Over the last twelve months its free cash flow was negative.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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