Fluor's recovery narrative is clouded by persistent margin pressure and erratic earnings, with gross margin at 4.1% in 2026Q2 and a -13.3% trough in 2025Q3. However, the balance sheet shows resilience with debt stable at $1.1B and D/E improving to 0.38, while cash stands at $2.9B.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth is erratic (8.8% in 2026Q2 vs -17.7% in 2025Q3), and margins remain thin with gross margin at 4.1% and operating margin at 3.1% in 2026Q2, reflecting legacy project overruns.
Fluor Corporation's stock price has appreciated by approximately 24.35% since coverage began.
The company's nuclear exposure is considered de-risked, contributing to stable cash flows.
Fluor Corporation's trailing P/E of 2.30 and forward P/E of 19.01 suggest potential undervaluation.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 6, 2026 | $0.77-4.2% vs $0.80 | $3.7B-10.7% vs $4.2B |
Q3 2026 Aug 7, 2026 | $0.91+29.8% vs $0.70 | $4.3B+10.3% vs $3.9B |
Q2 2026 May 8, 2026 | $0.14-78.8% vs $0.66 | $3.7B-5.9% vs $3.9B |
Q1 2026 Feb 17, 2026 | $0.33-2.9% vs $0.34 | $4.2B-2.6% vs $4.3B |
Fluor NYSE: FLR reported record third-quarter 2026 project awards of $10.9 billion, led by a $7.5 billion LNG Canada contract, as its backlog rose to $34.3 billion. The engineering and construction company maintained its full-year earnings outlook and forecast low-double-digit adjusted EBITDA growth in 2027.
Fluor Corporation (FLR) Q3 2026 Earnings Call Transcript
IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced financial results for its third quarter ended September 30, 2026. “Our third quarter results reflect strong demand across our key markets and continued progress converting our prospect pipeline into high-quality awards,” said Jim Breuer, chief executive officer of Fluor. “New awards of $10.9 billion, including LNG Canada Phase 2 as well as two mining projects, was the highest quarterly total in Fluor's history and grew back.
Fluor to provide services for Energy Northwest's Cascade Advanced Energy Facility Partnership on second-of-a-kind project aims to incorporate first project learnings Supports first project in X-energy and Amazon effort to deploy 5 GW by 2039 ROCKVILLE, Md., Nov. 05, 2026 (GLOBE NEWSWIRE) -- X-Energy, Inc. (Nasdaq: XE) (“X-energy” or “the Company”), a leading developer of advanced nuclear reactors and fuel technology today announced the selection of Fluor Corporation (“Fluor”) for design and engineering services to support Energy Northwest's Cascade Advanced Energy Facility, a proposed Xe-100 advanced small modular reactor (“SMR”) facility near Richland, Washington.
Benchmark FLR against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Fluor Corporation (FLR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $46.48 | $6.49B | -149.94 | -4.97% | -7.18% | -38.97% | — | |
| $148.90 | $17.58B | 52.96 | 4.6% | 2.35% | 8.51% | 0.86% | |
| $37.17 | $4.71B | 10.60 | 0.57% | 5.65% | 27.13% | 1.75% | |
| $84.43 | $6.05B | 15.05 | -10.79% | 8.64% | 22.39% | 1.17% | |
| $540.90 | $81.17B | 48.78 | 19.76% | 4.54% | 17.58% | 0.07% | |
| $174.10 | $13.76B | 28.18 | 16.22% | 2.85% | 13.54% | — |
Fluor Corporation (FLR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Fluor Corporation (FLR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 7, 2026·SEC
Aug 4, 2026·SEC
May 8, 2026·SEC
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Fluor Corporation (FLR) stock FAQ — growth, dividends, profitability & financials explained
Fluor Corporation (FLR) reported $15.89B in revenue over the trailing twelve months. Revenue was $15.50B in fiscal year 2025. That is 54% more than the $10.05B of fiscal year 1996.
Fluor Corporation (FLR) grew revenue by 1.9% over the trailing twelve months, compared with the twelve months before.
No. Fluor Corporation (FLR) reported a net loss of $1.14B over the trailing twelve months.
Fluor Corporation (FLR) had a return on equity (ROE) of -39.0% over the trailing twelve months. A negative ROE means the company lost money over the period.
Fluor Corporation (FLR) had negative free cash flow of $437.0M in fiscal year 2025.
