Company Analysis

Fluor Corporation (FLR)

NYSE: FLR · Heavy Construction Other Than Bldg Const - Contractors · Irving, TX · filing with the SEC since 2000
Grade3.9
◀ Past 3.4● Present 4.9▶ Future 3.5

The grade of Fluor Corporation

Nine metrics read from its own filings, by tense
Headline grade
3.9/10
◀ Past3.440% of the headline
● Present4.935% of the headline
▶ Future3.525% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

3.4/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed
2.5/10

Has it survived what it has been through?

7 warning events since 2017; the latest 2020-11-18.

weight 33% of this tense · 25th percentile among 12 sector filers · read for itself

From the record

Fluor Corporation's filings since 2017 show 7 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 2 times, the latest 2020-11-18); a warning not to rely on past financial statements (8-K item 4.02, the latest 2020-09-08); a late-report notice (Form NT 10-K or NT 10-Q, 4 times, the latest 2020-11-10) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
2.5/10

What has it actually done, year after year?

-2.3% a year over 10 filed years; profitable in 6 of 10.

weight 45% of this tense · 25th percentile among 11 sector filers · read for its customers

From the record

Fluor Corporation's 10 filed years say what it did: revenue went from $19 billion in fiscal 2016 to $16 billion in fiscal 2025, down 2.3% a year; it rose in 4 of 9 years; the deepest fall was 28% from fiscal 2016 to fiscal 2022; net income was positive in 6 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-2.3%bottom 23% of its family
  • the share of years revenue rosebottom 23% of its family
  • the share of filed years with a profitbottom 32% of its family
  • the deepest fall from a revenue peak27.8%bottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
6.5/10

How has it treated the people who own it?

Share count grew 4.2% a year. 100% of cash flow returned. Insiders: 14 sales, 0 purchases.

weight 22% of this tense · 65th percentile among 9 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Fluor Corporation's diluted share count grew about 4.2% a year, and dividends and buybacks returned about 100% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 14 sales (3 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 35% of its family
  • cash returned against operating cash flowtop 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.9/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
5.1/10

Is it financially healthy right now?

ROE -2%: lost 2¢ per shareholder dollar. Leverage 60%: owes 60¢ per asset dollar.

weight 33% of this tense · 51st percentile among 11 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Fluor Corporation lost about 2 cents for every dollar of shareholders' money, and gross profitability: its products earned less than nothing, about minus 1 cents per dollar of everything the company owns. Leverage: it owed about 60 cents per dollar of assets, and net share issuance: its share count shrank 5.7% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 14% of its family
  • return on equitybottom 6% of its family
  • gross profit against assetsbottom 17% of its family
  • the share count against the year beforetop 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.7/10

How strong is its position in its industry?

bottom 47% of 11 in its family; net margin -0.4%.

weight 45% of this tense · 47th percentile among 11 sector filers · read for its customers

From the record

Fluor Corporation's standing among 11 graded names in its industry family: revenue of $16 billion in fiscal 2025 ranks in the top 5% by size; a net margin of -0.4% ranks in the bottom 23%; revenue growth of 4.1% a year over the last 3 filed years ranks in the bottom 23% (its annual reports).

What it rests on

  • revenue against the family$15.50Btop 5% of its family
  • net margin-0.4%bottom 23% of its family
  • three-year revenue growth4.1%bottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
4.9/10

What are the people in charge doing?

bottom 49% of 8 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 49th percentile among 8 sector filers · read for its shareholders

From the record

Fluor Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Breuer, James R (CHIEF EXECUTIVE OFFICER, as filed), filing under that title since 2026-02-18, 9 months (bottom 6% of its family); the 22 officers and directors filing in the last fifteen months have been on the record a median of 5.8 years (top 19%); 13 officer or director changes were reported on Form 8-K since 2023-11-13, against the 22 people in charge now (top 41%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge13 in three years among 22 peopletop 41% of its family
  • the median years the people in charge have filed5.8 yearstop 19% of its family
  • the chief executive's years on the record8 monthsbottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

3.5/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.2/10

How much room does it have to grow?

bottom 42% of 10 in its family for room to expand.

weight 33% of this tense · 42nd percentile among 10 sector filers · read for itself

From the record

Fluor Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $2.1 billion against debt of $1.1 billion leaves 12.9% of its assets as net cash, top 5% of its family; cash from operations less capital spending is -2.8% of revenue (bottom 14%); a gross margin of -0.8% (bottom 17%) (its annual report).

What it rests on

  • cash less debt against assets12.9%top 5% of its family
  • cash from operations less capital spending against revenue-2.8%bottom 14% of its family
  • gross margin-0.8%bottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.8/10

What could actually drive growth from here?

bottom 48% of 11 in its family for growth drivers.

weight 33% of this tense · 48th percentile among 11 sector filers · read for its customers

From the record

Fluor Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 4.1% a year over the last three filed years against -2.3% over all 10, speeding up (top 5% of its family); the newest year grew -5% (bottom 14%); capital spending grew -12.6% a year (bottom 35%) (its annual reports). Fluor Corporation reported 4 lines of business in fiscal 2025: Urban Solutions at $9.2 billion, Energy Solutions at $3.6 billion, Mission Solutions at $2.7 billion, and 1 more. 2 of 4 grew in the latest filed year, and the largest line is 59% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span+6.4 points a yeartop 5% of its family
  • the newest year's revenue growth-5.0%bottom 14% of its family
  • three-year growth of capital spending-12.6%bottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
1.5/10

Did its newest year beat what its own record pointed to?

bottom 15% of 10 in its family for expectations against reality.

weight 33% of this tense · 15th percentile among 10 sector filers · read for its shareholders

From the record

Fluor Corporation's newest year against its own record: revenue of $16 billion in fiscal 2025 came in 12.8% below the $18 billion its prior three years' pace pointed to (bottom 15% of its family); net income of $62 million against a prior three-year average of $745 million (bottom 15%); a net margin of -0.4% against 4.6% before (bottom 15%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-12.8%bottom 15% of its family
  • net income against the prior three years' average-108%bottom 15% of its family
  • net margin against its prior average-5.0 pointsbottom 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton FLR · research, not advice