Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; and project management services worldwide. The company operates through three segments: Urban Solutions, Energy Solutions, and Mission Solutions. The Urban Solutions segment offers EPC and project management services to the advanced technologies and manufacturing, life sciences, mining and metals, and infrastructure industries. This segment also provides professional staffing services to the company and third-party clients with technical, professional, and craft resources on a contract or permanent placement basis, as well as maintenance services. The Energy Solutions segment offers EPC services for traditional oil and gas markets, including the production and fuels, chemicals, LNG, and power markets. This segment also provides solutions to the energy transition markets, including nuclear power and other low-carbon energy sources, asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, and hydrogen; and consulting services, such as feasibility studies, process assessments, and project finance structuring. The Mission Solutions segment offers technical solutions to the U.S. and other governments, as well as it provides site management, environmental remediation, and decommissioning for nuclear remediation at governmental facilities, as well as services to commercial nuclear clients. 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. The company was founded in 1912 and is headquartered in Irving, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $15.5B | $0M | $-51M | $-437M | -1.6% | -5.0% | -102.4% |
| 2024 | $16.3B | $732M | $2.1B | $664M | 53.7% | 5.4% | 1443.2% |
| 2023 | $15.5B | $449M | $139M | $106M | 6.8% | 12.6% | -4.1% |
| 2022 | $13.7B | $376M | $145M | $-44M | 7.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 13,744 | 15,474 | 16,315 | 15,503 |
| Cost Of Revenue | 13,389 | 14,997 | 15,741 | 15,623 |
| Gross Profit | 355 | 477 | 574 | -120 |
| Operating Expense | 242 | 218 | 190 | 149 |
| Operating Income | 113 | 259 | 384 | -269 |
| EBITDA | 376 | 449 | 732 | 0 |
| EBIT | 303 | 375 | 659 | -269 |
| Pretax Income | 244 | 315 | 613 | -311 |
| Tax Provision | 171 | 236 | 634 | -39 |
| Net Income | 145 | 139 | 2,145 | -51 |
| Net Income Common Stockholders | 106 | 83 | 2,145 | -51 |
| Total Expenses | 13,631 | 15,215 | 15,931 | 15,772 |
| Interest Expense | 59 | 60 | 46 | 42 |
| Interest Income | 94 | 228 | 196 | 109 |
| Selling General And Administration | 242 | 218 | 190 | 149 |
| Normalized EBITDA | 280 | 561 | 653 | -92 |
| Normalized Income | 69.16 | 227.48 | 2,082.59 | 15.49 |
| Basic EPS | 0.75 | 0.55 | 12.48 | 0 |
| Diluted EPS | 0.73 | 0.54 | 12.30 | 0 |
| Tax Effect Of Unusual Items | 20.16 | -23.52 | 16.59 | -42.51 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.21 | 0.39 |
| Total Unusual Items | 96 | -112 | 79 | -109 |
| Total Unusual Items Excluding Goodwill | 96 | -112 | 79 | -109 |
| Net Income From Continuing Operation Net Minority Interest | 145 | 139 | 2,145 | -51 |
| Reconciled Depreciation | 73 | 74 | 73 | 68 |
| Reconciled Cost Of Revenue | 13,389 | 14,997 | 15,741 | 15,623 |
| Net Interest Income | 35 | 168 | 150 | 67 |
| Net Income From Continuing And Discontinued Operation | 145 | 139 | 2,145 | -51 |
| Total Operating Income As Reported | 209 | 147 | 463 | -378 |
| Diluted Average Shares | 145 | 153 | 174 | 0 |
| Basic Average Shares | 142 | 150 | 172 | 0 |
| Diluted NI Availto Com Stockholders | 106 | 83 | 2,145 | -51 |
| Preferred Stock Dividends | 39 | 56 | 0 | 0 |
| Minority Interests | 72 | 60 | 61 | 11 |
| Net Income Including Noncontrolling Interests | 73 | 79 | 2,084 | -62 |
| Net Income Discontinuous Operations | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | 73 | 79 | 2,084 | -62 |
| Earnings From Equity Interest Net Of Tax | 0 | 0 | 2,105 | 210 |
| Other Income Expense | 96 | -112 | 79 | -109 |
| Special Income Charges | 71 | -14 | -13 | -47 |
| Gain On Sale Of Ppe | 11 | 0 | 0 | 0 |
| Other Special Charges | -37 | 3 | 0 | 4 |
| Write Off | -24 | 0 | 0 | 0 |
| Impairment Of Capital Assets | 40 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 1 | 11 | 13 | 43 |
| Gain On Sale Of Security | 25 | -98 | 92 | -62 |
| Net Non Operating Interest Income Expense | 35 | 168 | 150 | 67 |
| Interest Expense Non Operating | 59 | 60 | 46 | 42 |
| Interest Income Non Operating | 94 | 228 | 196 | 109 |
| General And Administrative Expense | 242 | 218 | 190 | 149 |
| Other Gand A | 242 | 218 | 190 | 149 |
| Salaries And Wages | -42 | 0 | 0 | 0 |
| Operating Revenue | 13,744 | 15,474 | 16,315 | 15,503 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Fluor Corporationthis co. | FLR | $7.4B | - | 2.43 | -1.6% | -24.46 |
| AeroVironment, Inc. | AVAV | $9.3B | - | 2.14 | 4.9% | 61.93 |
| Joby Aviation, Inc. | JOBY | $8.6B | - | 5.65 | -66.0% | -10.53 |
| EnerSys | ENS | $7.6B | 25.52 | 3.99 | 18.9% | 14.10 |
| Commercial Metals Company | CMC | $7.4B | 14.91 | 1.68 |
| 2.0% |
| 9.91 |
| Terex Corporation | TEX | $6.9B | 18.23 | 1.88 | 10.5% | 14.04 |
| GATX Corporation | GATX | $6.9B | 21.23 | 2.49 | 9.2% | 19.80 |
| Construction Partners, Inc. | ROAD | $6.5B | 52.19 | 6.73 | 11.2% | 17.97 |
| Firefly Aerospace Inc. | FLY | $5.4B | - | 4.48 | -25.1% | -23.98 |
| Peer Median | - | 21.23 | 3.24 | 7.0% | 14.07 | |