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Fluor Corporation (FLR) 10-Year Financial Performance & Capital Metrics

FLR • • Industrial / General
IndustrialsEngineering & ConstructionEnergy & Industrial ConstructionIndustrial Plant Construction
AboutFluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. It operates through four segments: Energy Solutions, Urban Solutions, Mission Solutions, and Other. The Energy Solutions provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources. It also provides consulting services, including feasibility studies, process assessments, and project finance structuring; and a range of services for small modular reactor technologies, as well as operation support services for nuclear power facilities and managing waste. This segment serves the oil, gas, and petrochemical industries. The Urban Solutions segment offers EPC and project management services to the infrastructure, advanced technologies, life sciences, and mining and metals industries. This segment also provides staffing services to the company and third-party clients with technical, professional, and craft resources on a contract or permanent placement basis. The Mission Solutions offers technical solutions to the U.S. and other governments. It also delivers solutions for nuclear security and operation, nuclear waste management, and laboratory management; and operation and maintenance, logistics, EPC, and life support solutions for mission-critical facilities across U.S. military service organizations. This segment offers site management, environmental remediation, and decommissioning for nuclear remediation at governmental facilities, as well as services to commercial nuclear clients. The Other segment researches, develops, licenses, and commercializes small modular nuclear reactor technology. It also provides unionized management and construction services. The company was founded in 1912 and is headquartered in Irving, Texas.Show more
  • Revenue $16.32B +5.4%
  • EBITDA $536M +142.5%
  • Net Income $2.15B +1443.2%
  • EPS (Diluted) 12.30 +2177.8%
  • Gross Margin 3.52% +14.1%
  • EBITDA Margin 3.29% +130.0%
  • Operating Margin 2.84% +198.7%
  • Net Margin 13.15% +1363.6%
  • ROE 70.98% +933.5%
  • ROIC 23.48% +46.7%
  • Debt/Equity 0.28 -51.0%
  • Interest Coverage 10.07 +310.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 28.7%
  • ✓Efficient asset utilization: 1.8x turnover

✗Weaknesses

  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Shares diluted 13.7% in last year
  • ✗Thin 5Y average net margin of 1.8%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-2.74%
5Y1.09%
3Y4.85%
TTM3.62%

Profit (Net Income) CAGR

10Y15.43%
5Y-
3Y-
TTM903.88%

EPS CAGR

10Y14.41%
5Y-
3Y-
TTM942.49%

ROCE

10Y Avg3.67%
5Y Avg2.56%
3Y Avg6.41%
Latest9.37%

Peer Comparison

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
AGXArgan, Inc.4.57B329.6653.6052.47%13.11%28.57%3.52%0.01
AMRCAmeresco, Inc.1.09B31.3229.2728.76%3.34%5.75%1.63
KBRKBR, Inc.5.71B44.9816.0611.3%4.71%25.87%6.74%1.95
FLRFluor Corporation7B43.443.535.43%25.35%69.19%9.48%0.28
SUNESUNation Energy Inc.3.61M1.06-0.00-28.59%-33.82%-93.5%2.39
FGLFounder Group Limited Ordinary Shares2.68M0.15-2.18-38.98%-5.7%-32.28%2.09
MTRXMatrix Service Company381.37M13.56-12.795.64%-2.93%-17.54%28.79%0.15

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+18.11B19.04B14.81B18.85B15.45B14.16B14.16B13.74B15.47B16.32B
Revenue Growth %-0.16%0.05%-0.22%0.27%-0.18%-0.08%-0%-0.03%0.13%0.05%
Cost of Goods Sold+17.02B18.25B14.53B18.28B15.66B13.76B13.7B13.39B15B15.74B
COGS % of Revenue0.94%0.96%0.98%0.97%1.01%0.97%0.97%0.97%0.97%0.96%
Gross Profit+1.09B790.32M277.73M569.38M-206.05M399.53M454M355M477M574M
Gross Margin %0.06%0.04%0.02%0.03%-0.01%0.03%0.03%0.03%0.03%0.04%
Gross Profit Growth %-0.22%-0.28%-0.65%1.05%-1.36%2.94%0.14%-0.22%0.34%0.2%
Operating Expenses+1.09B790.32M-148.57M569.38M622.28M354.24M727M146M330M111M
OpEx % of Revenue0.06%0.04%-0.01%0.03%0.04%0.03%0.05%0.01%0.02%0.01%
Selling, General & Admin408.23M191.07M183.88M143.06M277.72M201.12M231M242M224M203M
SG&A % of Revenue0.02%0.01%0.01%0.01%0.02%0.01%0.02%0.02%0.01%0.01%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses686.47M599.24M-332.45M426.32M344.57M153.12M496M-96M106M-92M
Operating Income+686.47M599.24M426.3M426.32M-828.34M45.29M-273M209M147M463M
Operating Margin %0.04%0.03%0.03%0.02%-0.05%0%-0.02%0.02%0.01%0.03%
Operating Income Growth %-0.44%-0.13%-0.29%0%-2.94%1.05%-7.03%1.77%-0.3%2.15%
EBITDA+876.21M825.16M651.57M642.97M-657.85M150.86M-199M282M221M536M
EBITDA Margin %0.05%0.04%0.04%0.03%-0.04%0.01%-0.01%0.02%0.01%0.03%
EBITDA Growth %-0.38%-0.06%-0.21%-0.01%-2.02%1.23%-2.32%2.42%-0.22%1.43%
D&A (Non-Cash Add-back)189.74M225.91M225.27M216.66M170.48M105.57M74M73M74M73M
EBIT771.32M616.29M121.27M462.89M-774.58M68.86M-256M303M375M659M
Net Interest Income+-28.08M-52.64M-40.04M-40.57M-11.13M-41.79M-73M35M168M150M
Interest Income16.69M17.05M27.78M36.58M53.76M23.58M17M94M228M196M
Interest Expense44.77M69.69M67.64M77.14M64.89M65.37M90M59M60M46M
Other Income/Expense40.08M-52.64M-372.49M-40.57M-11.13M-41.79M-73M35M168M2.25B
Pretax Income+726.55M546.6M53.81M385.75M-839.47M3.49M-346M244M315M2.72B
Pretax Margin %0.04%0.03%0%0.02%-0.05%0%-0.02%0.02%0.02%0.17%
Income Tax+245.89M219.15M16.36M173.33M481.96M15.86M20M171M236M634M
Effective Tax Rate %0.57%0.51%3.56%0.45%1.81%-124.51%1.27%0.59%0.44%0.79%
Net Income+412.5M281.4M191.38M173.47M-1.52B-435.05M-440M145M139M2.15B
Net Margin %0.02%0.01%0.01%0.01%-0.1%-0.03%-0.03%0.01%0.01%0.13%
Net Income Growth %-0.19%-0.32%-0.32%-0.09%-9.77%0.71%-0.01%1.33%-0.04%14.43%
Net Income (Continuing)480.66M327.45M37.45M212.42M-1.32B-12.36M-366M73M79M2.08B
Discontinued Operations-5.66M0180.75M20.43M-239.52M-355.97M-35M000
Minority Interest116.15M117.64M150.09M154.87M96.34M232.98M174M210M112M43M
EPS (Diluted)+2.812.001.361.59-10.87-3.09-3.290.730.5412.30
EPS Growth %-0.12%-0.29%-0.32%0.17%-7.84%0.72%-0.06%1.22%-0.26%21.78%
EPS (Basic)2.852.021.361.60-10.87-3.09-3.290.750.5512.48
Diluted Shares Outstanding146.7M140.9M140.89M141.3M140.06M140.51M141M145M153M174M
Basic Shares Outstanding144.8M139.2M139.76M140.4M140.06M140.51M141M142M150M172M
Dividend Payout Ratio0.3%0.42%0.62%0.68%---0.27%0.21%-

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+5.28B5.61B5.6B5.37B5.37B5.03B5.18B5.04B5.06B5.17B
Cash & Short-Term Investments2.15B1.96B1.97B1.98B2B2.22B2.34B2.62B2.59B2.96B
Cash Only1.95B1.85B1.8B1.76B2B2.2B2.21B2.44B2.52B2.83B
Short-Term Investments197.09M111.04M161.13M214.83M7.26M23.34M127M185M69M130M
Accounts Receivable1.2B1.7B3.06B2.24B2.46B1.8B2.24B2.02B2.13B2.06B
Days Sales Outstanding24.2432.675.4643.465846.2957.6853.7550.246.06
Inventory1.38B000000000
Days Inventory Outstanding29.52---------
Other Current Assets378.93M411.28M574.76M1.15B906.66M1.02B608M396M347M157M
Total Non-Current Assets+2.35B3.61B3.73B3.47B2.6B2.28B1.91B1.78B1.91B3.97B
Property, Plant & Equipment892.34M1.02B1.09B1.01B594.83M561.08M456M447M584M494M
Fixed Asset Turnover20.30x18.71x13.54x18.60x25.98x25.23x31.04x30.75x26.50x33.03x
Goodwill111.65M532.24M564.68M533.59M508.42M349.26M249M206M206M199M
Intangible Assets0000000000
Long-Term Investments558.56M883.94M992.49M938.49M600.81M532.07M517M584M614M2.83B
Other Non-Current Assets568.71M718.59M759.11M644.77M833.15M755.48M635M512M455M417M
Total Assets+7.63B9.22B9.33B8.91B7.97B7.31B7.09B6.83B6.97B9.14B
Asset Turnover2.37x2.07x1.59x2.11x1.94x1.94x2.00x2.01x2.22x1.78x
Asset Growth %-0.07%0.21%0.01%-0.04%-0.11%-0.08%-0.03%-0.04%0.02%0.31%
Total Current Liabilities+2.94B3.82B3.57B3.66B3.91B3.57B3.61B3.22B3.16B3.07B
Accounts Payable1.27B1.59B1.51B1.4B1.55B1.12B1.22B1.02B1.21B1.22B
Days Payables Outstanding27.1631.823827.9636.0529.632.527.7229.5528.29
Short-Term Debt082.24M27.36M26.89M38.73M4.89M18M152M00
Deferred Revenue (Current)1000K1000K1000K01000K1000K1000K1000K1000K1000K
Other Current Liabilities0001.3B82.32M360.24M0000
Current Ratio1.80x1.47x1.57x1.47x1.37x1.41x1.43x1.57x1.60x1.69x
Quick Ratio1.33x1.47x1.57x1.47x1.37x1.41x1.43x1.57x1.60x1.69x
Cash Conversion Cycle26.6---------
Total Non-Current Liabilities+1.58B2.16B2.26B2.24B2.48B2.47B1.91B1.61B1.76B2.08B
Long-Term Debt986.56M1.52B1.59B1.66B1.65B1.7B1.17B978M1.16B1.1B
Capital Lease Obligations00000119.06M0000
Deferred Tax Liabilities189.35M278.54M202.24M151.92M83.3M80.75M67M73M70M468M
Other Non-Current Liabilities589.99M639.61M669.52M581.51M742.41M573.65M667M564M530M508M
Total Liabilities4.51B5.97B5.84B5.9B6.38B6.05B5.52B4.83B4.92B5.15B
Total Debt+992.66M1.6B1.62B1.69B1.69B1.87B1.19B1.13B1.16B1.1B
Net Debt-957.22M-250.24M-185.12M-76.29M-306.73M-331.5M-1.02B-1.31B-1.36B-1.73B
Debt / Equity0.32x0.49x0.46x0.57x1.07x1.48x0.76x0.57x0.56x0.28x
Debt / EBITDA1.13x1.94x2.48x2.63x-12.38x-4.01x5.24x2.06x
Net Debt / EBITDA-1.09x-0.30x-0.28x-0.12x--2.20x--4.64x-6.16x-3.22x
Interest Coverage15.33x8.60x6.30x5.53x-12.77x0.69x-3.03x3.54x2.45x10.07x
Total Equity+3.11B3.24B3.49B2.98B1.58B1.26B1.57B2B2.05B3.99B
Equity Growth %-0.03%0.04%0.08%-0.15%-0.47%-0.2%0.24%0.27%0.03%0.95%
Book Value per Share21.2223.0224.7921.0911.318.9911.1113.7713.4122.94
Total Shareholders' Equity3B3.13B3.34B2.96B1.49B1.03B1.39B1.79B1.94B3.95B
Common Stock1.39M1.39M1.4M1.4M1.4M1.4M1M1M2M2M
Retained Earnings3.43B3.58B3.65B3.42B1.7B1.25B791M896M979M3.12B
Treasury Stock0000000000
Accumulated OCI-432.77M-496.67M-402.24M-542.48M-379.87M-416.91M-366M-365M-269M-351M
Minority Interest116.15M117.64M150.09M154.87M96.34M232.98M174M210M112M43M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+849.1M705.9M601.97M162.2M219.02M185.88M25M31M212M828M
Operating CF Margin %0.05%0.04%0.04%0.01%0.01%0.01%0%0%0.01%0.05%
Operating CF Growth %0.32%-0.17%-0.15%-0.73%0.35%-0.15%-0.87%0.24%5.84%2.91%
Net Income480.66M327.45M264.47M292.96M-1.55B-366.79M-401M73M79M2.08B
Depreciation & Amortization189.74M225.91M225.27M216.66M170.48M105.57M74M73M74M73M
Stock-Based Compensation98.5M47.08M43.74M38.77M36.08M21.88M32M19M48M31M
Deferred Taxes-3.15M-21.19M100.29M70.59M320.63M-20.29M28M17M-13M418M
Other Non-Cash Items-220.54M-8.74M-19.9M-159.05M613.25M414.46M489M-105M141M-2.13B
Working Capital Changes303.9M135.39M-11.9M-297.72M631.7M31.05M-197M-46M-117M347M
Change in Receivables190.14M-337.77M162.66M-40.78M210.42M418.75M-174M22M-159M-137M
Change in Inventory80.74M-72.42M140.56M-111.02M166.6M00000
Change in Payables-57.32M200.48M-137.44M176.34M-46.87M-343.11M6M-175M218M76M
Cash from Investing+-66.5M-741.4M-484.28M1.4M80.47M-41.56M-122M-78M-277M-333M
Capital Expenditures-240.2M-235.9M-283.11M-211M-180.84M-113.44M-75M-75M-106M-164M
CapEx % of Revenue0.01%0.01%0.02%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Acquisitions----------
Investments----------
Other Investing579.92M451.29M92.87M564.23M106.25M116.53M137M95M-5M81M
Cash from Financing+-728.2M-10.4M-215.5M-140.5M-77.3M48.45M122M315M127M-116M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-125.2M-118M-118M-118.73M-118.07M-28.72M-19M-39M-29M0
Share Repurchases----------
Other Financing-64.94M-67.06M-44.05M-70.41M31.68M73.28M84M395M-155M66M
Net Change in Cash----------
Free Cash Flow+608.9M470M318.86M-48.8M38.18M72.44M-50M-44M106M664M
FCF Margin %0.03%0.02%0.02%-0%0%0.01%-0%-0%0.01%0.04%
FCF Growth %0.92%-0.23%-0.32%-1.15%1.78%0.9%-1.69%0.12%3.41%5.26%
FCF per Share4.153.342.26-0.350.270.52-0.35-0.300.693.82
FCF Conversion (FCF/Net Income)2.06x2.51x3.15x0.94x-0.14x-0.43x-0.06x0.21x1.53x0.39x
Interest Paid40.59M72.06M61.56M071.94M65.64M90M54M53M42M
Taxes Paid249.92M164.84M175.04M0204.08M65.19M75M99M169M13M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)13.02%8.85%5.68%5.36%-66.7%-30.56%-31.09%8.14%6.87%70.98%
Return on Invested Capital (ROIC)23.36%17.46%10.15%10.3%-29.72%3.08%-27.64%25.34%16%23.48%
Gross Margin6.04%4.15%1.88%3.02%-1.33%2.82%3.21%2.58%3.08%3.52%
Net Margin2.28%1.48%1.29%0.92%-9.85%-3.07%-3.11%1.05%0.9%13.15%
Debt / Equity0.32x0.49x0.46x0.57x1.07x1.48x0.76x0.57x0.56x0.28x
Interest Coverage15.33x8.60x6.30x5.53x-12.77x0.69x-3.03x3.54x2.45x10.07x
FCF Conversion2.06x2.51x3.15x0.94x-0.14x-0.43x-0.06x0.21x1.53x0.39x
Revenue Growth-15.87%5.09%-22.22%27.32%-18.02%-8.39%-0.01%-2.91%12.59%5.43%

Revenue by Segment

2015201620172018201920202021202220232024
Urban Solutions---------7.24B
Urban Solutions Growth----------
Energy Solutions---------5.98B
Energy Solutions Growth----------
Other Operating---------506M
Other Operating Growth----------
Government2.56B2.72B3.23B3.77B-2.92B----
Government Growth-6.36%18.85%16.68%------
Diversified Services--2.54B2.51B322M270M----
Diversified Services Growth----1.33%-87.17%-16.15%----
Energy Chemicals And Mining-9.75B9.38B7.7B------
Energy Chemicals And Mining Growth---3.87%-17.90%------
Industrial Infrastructure And Power-4.09B4.37B5.19B------
Industrial Infrastructure And Power Growth--6.67%18.74%------
Maintenance Modification And Asset Integrity-2.47B--------
Maintenance Modification And Asset Integrity Growth----------
Oil And Gas10.04B---------
Oil And Gas Growth----------
Industrial And Infrastructure4.07B---------
Industrial And Infrastructure Growth----------
Power946.7M---------
Power Growth----------
Global Services499.1M---------
Global Services Growth----------

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES---8.31B4.61B9.81B8.13B8.82B10.51B11.09B
UNITED STATES Growth-----44.52%112.82%-17.09%8.47%19.22%5.47%
Europe2.51B3.37B4.36B4.88B3.21B2.52B1.46B2.24B2.27B2.69B
Europe Growth-34.39%29.25%12.04%-34.34%-21.49%-42.09%53.64%1.25%18.56%
Asia Pacific870.4M1.01B985.5M1.54B1.77B1.4B1.26B1.14B1.74B1.84B
Asia Pacific Growth-16.06%-2.45%55.89%14.90%-20.79%-9.60%-9.97%53.25%5.33%
Central And South America2.56B1.01B968.2M1.99B2.55B1.39B1.25B1.34B741M484M
Central And South America Growth--60.70%-3.78%105.35%28.47%-45.65%-9.80%6.87%-44.62%-34.68%
Middle East And Africa1.86B1.59B1.69B2.09B836.4M558.3M331M209M207M216M
Middle East And Africa Growth--14.61%6.58%23.72%-60.01%-33.25%-40.71%-36.86%-0.96%4.35%
CANADA---361.6M1.38B-----
CANADA Growth----281.06%-----
U7.86B9.89B10.07B-------
U Growth-25.89%1.81%-------
C2.46B2.17B1.45B-------
C Growth--11.76%-33.30%-------

Frequently Asked Questions

Valuation & Price

Fluor Corporation (FLR) has a price-to-earnings (P/E) ratio of 3.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Fluor Corporation (FLR) reported $16.31B in revenue for fiscal year 2024. This represents a 30% decrease from $23.38B in 2011.

Fluor Corporation (FLR) grew revenue by 5.4% over the past year. This is steady growth.

Yes, Fluor Corporation (FLR) is profitable, generating $4.14B in net income for fiscal year 2024 (13.1% net margin).

Dividend & Returns

Fluor Corporation (FLR) has a return on equity (ROE) of 71.0%. This is excellent, indicating efficient use of shareholder capital.

Fluor Corporation (FLR) generated $243.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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