📊 FLR Key Takeaways
Is Fluor Corp. (FLR) a Good Investment?
Fluor faces fundamental deterioration with 5% revenue decline, near-zero 0.4% gross margins indicating severe operational stress, and catastrophic 102.5% EPS collapse despite flat net income signaling massive dilution. While the balance sheet remains solid with strong liquidity and conservative leverage, poor capital returns (5.6% ROE, 2.0% ROA) and contracting operations offset financial reserves, suggesting ongoing headwinds in the construction contracting business.
Fluor's fundamentals are currently weak, with negative gross margin, operating losses, and negative free cash flow indicating poor project profitability and weak earnings quality. While the balance sheet remains relatively resilient due to strong liquidity, sizable cash holdings, and moderate leverage, the core business needs a clear margin and cash flow recovery before the fundamentals improve materially.
Fluor Corp. Key Strengths (FLR)
- Strong cash position of $3.2B provides financial flexibility and crisis buffer
- Healthy free cash flow of $99M demonstrates ability to generate cash despite margin pressure
- Conservative leverage with 0.37x debt-to-equity ratio and 1.78x current ratio indicates solid financial footing
- Strong liquidity with $2.13B of cash and a 1.91x current ratio
- Moderate leverage with debt-to-equity of 0.33x and substantial equity base
- Revenue scale remains large at $15.50B, providing operating leverage if execution improves
FLR Stock Risks: Fluor Corp. Investment Risks
- Revenue declining 5% year-over-year with no growth trajectory visible
- Grossly inadequate gross margins at 0.4% indicate core business is barely profitable and vulnerable to cost pressures
- EPS collapsed 102.5% despite flat net income, suggesting severe shareholder dilution and equity structure concerns
- Minimal capital returns (5.6% ROE, 2.0% ROA) indicate poor utilization of shareholder capital
- Interest coverage of only 2.6x leaves limited cushion for operational disruptions
- Negative gross and operating margins suggest contract execution or cost overruns
- Operating cash flow and free cash flow are materially negative, weakening financial flexibility
- Negative interest coverage reflects weak earnings support for debt obligations
Key Metrics to Watch
- Revenue growth trajectory - must stabilize and inflect positive
- Gross margin expansion - 0.4% is unsustainably low; needs to reach 3-5% range for viability
- Free cash flow sustainability - confirm the $99M level can be maintained as revenue contracts
- Gross margin and operating margin recovery
- Operating cash flow and free cash flow trend
Fluor Corp. (FLR) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The relatively thin 2.7% FCF margin may limit capital allocation flexibility.
FLR Profit Margin, ROE & Profitability Analysis
FLR vs Industrial Sector: How Fluor Corp. Compares
How Fluor Corp. compares to Industrial sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Fluor Corp. Stock Overvalued? FLR Valuation Analysis 2026
Based on fundamental analysis, Fluor Corp. has mixed fundamental signals relative to the Industrial sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Fluor Corp. Balance Sheet: FLR Debt, Cash & Liquidity
FLR Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Fluor Corp.'s revenue has shown modest growth of 6% over the 5-year period. The most recent EPS of $0.54 reflects profitable operations.
FLR Revenue Growth, EPS Growth & YoY Performance
FLR Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $3.7B | $160.0M | $1.08 |
| Q3 2025 | $3.4B | $54.0M | $0.31 |
| Q2 2025 | $4.0B | $169.0M | $0.97 |
| Q1 2025 | $3.7B | $59.0M | $0.34 |
| Q3 2024 | $4.0B | $54.0M | $0.31 |
| Q2 2024 | $3.9B | -$46.0M | $0.35 |
| Q1 2024 | $3.7B | $59.0M | $0.34 |
| Q3 2023 | $3.6B | $22.0M | $0.08 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Fluor Corp. Dividends, Buybacks & Capital Allocation
FLR SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Fluor Corp. (CIK: 0001124198)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| May 8, 2026 | 4 | xslF345X06/wk-form4_1778272667.xml | View → |
| May 8, 2026 | 4 | xslF345X06/form4-05082026_040518.xml | View → |
| May 8, 2026 | 4 | xslF345X06/form4-05082026_040515.xml | View → |
| May 8, 2026 | 4 | xslF345X06/form4-05082026_040513.xml | View → |
| May 8, 2026 | 4 | xslF345X06/form4-05082026_040511.xml | View → |
❓ Frequently Asked Questions about FLR
What is the AI rating for FLR?
Fluor Corp. (FLR) has a Combined AI Grade of C from Claude (C) and ChatGPT (C) with 76% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are FLR's key strengths?
Claude: Strong cash position of $3.2B provides financial flexibility and crisis buffer. Healthy free cash flow of $99M demonstrates ability to generate cash despite margin pressure. ChatGPT: Strong liquidity with $2.13B of cash and a 1.91x current ratio. Moderate leverage with debt-to-equity of 0.33x and substantial equity base.
What are the risks of investing in FLR?
Claude: Revenue declining 5% year-over-year with no growth trajectory visible. Grossly inadequate gross margins at 0.4% indicate core business is barely profitable and vulnerable to cost pressures. ChatGPT: Negative gross and operating margins suggest contract execution or cost overruns. Operating cash flow and free cash flow are materially negative, weakening financial flexibility.
What is FLR's revenue and growth?
Fluor Corp. reported revenue of $3.7B.
Does FLR pay dividends?
Fluor Corp. pays dividends, with $20.0M distributed to shareholders in the trailing twelve months.
Where can I find FLR SEC filings?
Official SEC filings for Fluor Corp. (CIK: 0001124198) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is FLR's EPS?
Fluor Corp. has a diluted EPS of $1.08.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is FLR's fundamental grade?
Based on our AI fundamental analysis in June 2026, Fluor Corp. has a C grade with 76% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is FLR stock overvalued or undervalued?
Valuation metrics for FLR: ROE of 5.6% (sector avg: 15%), net margin of 4.4% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
What is FLR's AI grade for 2026?
Our dual AI analysis gives Fluor Corp. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is FLR's free cash flow?
Fluor Corp.'s operating cash flow is $110.0M, with capital expenditures of $11.0M. FCF margin is 2.7%.
How does FLR compare to other Industrial stocks?
Vs Industrial sector averages: Net margin 4.4% (avg: 10%), ROE 5.6% (avg: 15%), current ratio 1.78 (avg: 1.8).