📊 FLR Key Takeaways
Is Fluor Corp. (FLR) a Good Investment?
Fluor is experiencing severe operational distress with negative profitability across all margins, negative free cash flow of -$437M, and deteriorating operating performance. Despite maintaining adequate liquidity (1.91x current ratio) and a manageable debt-to-equity ratio of 0.33x, the company is burning cash at an unsustainable rate with negative operating cash flow and inability to cover interest expenses.
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.
Why Buy Fluor Corp. Stock? FLR Key Strengths
- Strong liquidity position with $2.1B in cash and 1.91x current ratio providing near-term operational flexibility
- Conservative debt structure with 0.33x debt-to-equity ratio limiting financial leverage risk
- Significant asset base of $8.2B providing potential collateral value if restructuring becomes necessary
- 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
- Severe profitability crisis with negative net margin of -0.3%, gross margin of -0.8%, and operating margin of -2.4% indicating fundamental project execution issues
- Negative free cash flow of -$437M with negative operating cash flow of -$387M demonstrates unsustainable cash burn that will erode the cash cushion
- Unable to service debt obligations with negative interest coverage of -10.8x, creating potential covenant violations and refinancing risk if operational performance doesn't improve
- 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
- Operating cash flow trend - critical to determine if the -$387M represents a temporary project valley or structural deterioration
- Gross margin recovery - the -0.8% negative margin suggests major project losses requiring resolution
- Cash balance trajectory - with current burn rate, cash runway and adequacy for debt service become critical within 12-24 months
- Gross margin and operating margin recovery
- Operating cash flow and free cash flow trend
Fluor Corp. (FLR) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Fluor Corp. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
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 |
|---|---|---|---|
| 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 |
| Q2 2023 | $3.3B | -$46.0M | $0.35 |
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 |
|---|---|---|---|
| Apr 13, 2026 | 4 | xslF345X06/wk-form4_1776114526.xml | View → |
| Mar 31, 2026 | 4 | xslF345X06/form4-03312026_040304.xml | View → |
| Mar 16, 2026 | 4 | xslF345X05/form4-03162026_090325.xml | View → |
| Mar 12, 2026 | DEF 14A | tm261393-1_def14a.htm | View → |
| Mar 11, 2026 | 4 | xslF345X05/form4-03112026_040325.xml | View → |
❓ Frequently Asked Questions about FLR
What is the AI rating for FLR?
Fluor Corp. (FLR) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (SELL) with 85% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are FLR's key strengths?
Claude: Strong liquidity position with $2.1B in cash and 1.91x current ratio providing near-term operational flexibility. Conservative debt structure with 0.33x debt-to-equity ratio limiting financial leverage risk. 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: Severe profitability crisis with negative net margin of -0.3%, gross margin of -0.8%, and operating margin of -2.4% indicating fundamental project execution issues. Negative free cash flow of -$437M with negative operating cash flow of -$387M demonstrates unsustainable cash burn that will erode the cash cushion. 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 $15.5B.
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 $-0.31.
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 rating reflects both perspectives for balanced insights.
Is FLR a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Fluor Corp. has a SELL rating with 85% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is FLR stock overvalued or undervalued?
Valuation metrics for FLR: ROE of -1.6% (sector avg: 15%), net margin of -0.3% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
Should I buy FLR stock in 2026?
Our dual AI analysis gives Fluor Corp. a combined SELL rating 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 $-387.0M, with capital expenditures of $50.0M. FCF margin is -2.8%.
How does FLR compare to other Industrial stocks?
Vs Industrial sector averages: Net margin -0.3% (avg: 10%), ROE -1.6% (avg: 15%), current ratio 1.91 (avg: 1.8).