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 | $-201M | $-51M | $-437M | -1.6% | -5.0% | -102.4% |
| 2024 | $16.3B | $732M | $2.1B | $664M | 54.3% | 5.4% | 1443.2% |
| 2023 | $15.5B | $449M | $139M | $106M | 7.2% | 12.6% | -4.1% |
| 2022 | $13.7B | $376M | $145M | $-44M | 8.1% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 13,744 | 15,474 | 16,315 | 15,503 |
| Operating 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 |
| Selling General And Administration | - | 242 | 218 | 190 | 149 |
| Total Expenses | - | 13,631 | 15,215 | 15,931 | 15,772 |
| Operating Income | - | 113 | 259 | 384 | -269 |
| Total Operating Income As Reported | - | 209 | 147 | 463 | -378 |
| EBITDA | - | 376 | 449 | 732 | -201 |
| Normalized EBITDA | - | 280 | 561 | 653 | -92 |
| EBIT | - | 303 | 375 | 659 | -269 |
| Interest Income | - | 94 | 228 | 196 | 109 |
| Interest Expense | - | 59 | 60 | 46 | 42 |
| Net Interest Income | - | 35 | 168 | 150 | 67 |
| Other Income Expense | - | 96 | -112 | 79 | -109 |
| Interest Income Non Operating | - | 94 | 228 | 196 | 109 |
| Interest Expense Non Operating | - | 59 | 60 | 46 | 42 |
| Net Non Operating Interest Income Expense | - | 35 | 168 | 150 | 67 |
| Pretax Income | - | 244 | 315 | 613 | -311 |
| Tax Provision | - | 171 | 236 | 634 | -39 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 20.16 | -23.52 | 16.59 | -42.51 |
| Net Income Continuous Operations | - | 73 | 79 | 2,084 | -62 |
| Net Income From Continuing And Discontinued Operation | - | 145 | 139 | 2,145 | -51 |
| Net Income From Continuing Operation Net Minority Interest | - | 145 | 139 | 2,145 | -51 |
| Net Income | - | 145 | 139 | 2,145 | -51 |
| Net Income Common Stockholders | - | 106 | 83 | 2,145 | -51 |
| Net Income Including Noncontrolling Interests | - | 73 | 79 | 2,084 | -62 |
| Normalized Income | - | 69.16 | 227.48 | 2,082.59 | 15.49 |
| Diluted NI Availto Com Stockholders | - | 106 | 83 | 2,145 | -51 |
| Basic Average Shares | - | 142 | 150 | 172 | 164 |
| Diluted Average Shares | - | 145 | 153 | 174 | 164 |
| Reconciled Depreciation | - | 73 | 74 | 73 | 68 |
| Reconciled Cost Of Revenue | - | 13,389 | 14,997 | 15,741 | 15,623 |
| Total Unusual Items | - | 96 | -112 | 79 | -109 |
| Total Unusual Items Excluding Goodwill | - | 96 | -112 | 79 | -109 |
| Preferred Stock Dividends | 24 | 39 | 56 | - | - |
| Minority Interests | - | 72 | 60 | 61 | 11 |
| Net Income Discontinuous Operations | -35 | 0 | 0 | - | - |
| Earnings From Equity Interest Net Of Tax | - | 0 | 0 | 2,105 | 210 |
| Special Income Charges | - | 71 | -14 | -13 | -47 |
| Other Special Charges | 198 | -37 | 3 | - | 4 |
| Write Off | 261 | -24 | 0 | 0 | - |
| Impairment Of Capital Assets | 29 | 40 | - | - | - |
| Restructuring And Mergern Acquisition | - | 1 | 11 | 13 | 43 |
| Gain On Sale Of Security | - | 25 | -98 | 92 | -62 |
| General And Administrative Expense | - | 242 | 218 | 190 | 149 |
| Other Gand A | - | 242 | 218 | 190 | 149 |
| Salaries And Wages | 198 | -42 | 0 | - | - |
| Gain On Sale Of Ppe | 13 | 11 | 0 | 0 | - |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Fluor Corporationthis co. | FLR | $7.0B | -138.05 | 2.17 | -1.6% | -29.73 |
| EnerSys | ENS | $8.7B | 29.65 | 4.57 | 15.4% | 18.49 |
| Commercial Metals Company | CMC | $8.5B | 99.90 | 2.02 | 2.0% | 19.98 |
| Terex Corporation | TEX | $7.2B | 32.39 | 3.42 | 10.5% | 14.31 |
| Brookfield Business Corporation | BBUC | $6.8B | 262.64 |
| - |
| - |
| - |
| - |
| - |
| 2.98 |
| 1.1% |
| 6.66 |
| Firefly Aerospace Inc. | FLY | $6.8B | -22.75 | 5.70 | -25.1% | -21.68 |
| Construction Partners, Inc. | ROAD | $6.4B | 62.73 | 7.00 | 11.2% | 21.22 |
| GATX Corporation | GATX | $6.1B | 18.44 | 2.23 | 12.1% | 16.11 |
| Intuitive Machines, Inc. | LUNR | $5.4B | -64.78 | -7.15 | 11.0% | -54.52 |
| Peer Median | - | 31.02 | 3.20 | 10.8% | 15.21 | |