Fluor Corporation

Fluor Corporation

FLRยทNYSE

$50.16

+0.85%
IndustrialsEngineering & Construction

Fluor 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.

At a Glance

Live Snapshot
Market Cap$7.01B
EPS-0.3100
P/E Ratio-161.81
Earnings Date07/31/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -161.8).

Valuation inputs: P/E -161.8, earnings yield N/A, momentum +0.9%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -1.6%, ROIC +1.8%).

Profitability stack: net margin -0.3%, ROE -1.6%, ROIC +1.8%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +60.2%, momentum +0.9%, net margin -0.3%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Fluor Corporation Market vs Earnings Trajectory

FLR ยท NYSE

Loading price and EPS data...

Fluor Corporation

Fluor Corporation Fair Value Envelope

FLR ยท NYSE

Our analysis suggests that FLR has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $50.16, this represents a potential HIDDEN relative to our calculated worth for Fluor Corporation.

Intrinsic Value
Current Price: $50.16
3Y-141.0%
5Y-90.0%
10Y-115.0%
3Y+13.0%
5Y+10.0%
10Y-19.0%
3Y-135.0%
5Y-88.0%
10Y-118.0%
3Y-1348.0%
5Y-308.0%
10Y-155.0%
3Y+893.0%
5Y-703.0%
10Y-193.0%
3Y+21.0%
5Y+13.0%
10Y-11.0%
Fluor Corporation

Fluor Corporation Profit Bridge

FLR ยท NYSE
Revenue15.50B
Cost of Goods Sold (15.62B)
Gross Profit-120.00M
Operating Expenses (243.00M)
Operating Income-363.00M
Interest Expense (42.00M)
Other Income/Expense615.00M
Pretax Income252.00M
Income Tax (314.00M)
Net Income-51.00M
Net Income
-51.00M

Profitability Analysis

Gross Margin

-0.8%

Negative gross margin indicates the company is losing money on each saleโ€”unsustainable long-term.

Operating Margin

-2.3%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-0.3%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Effective Tax Rate

124.6%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Critical situation: Negative gross margins indicate fundamental business model issues. The company loses money on every saleโ€”immediate strategic changes required.

-0.77%
Gross Profit Margin
-122%
3Y-130.0%
5Y-127.0%
10Y-119.0%
-2.34%
Operating Profit Margin
-183%
3Y-254.0%
5Y-832.0%
10Y-174.0%
-0.33%
Net Profit Margin
-103%
3Y-131.0%
5Y-89.0%
10Y-122.0%
-1.57%
Return on Equity
-103%
3Y-119.0%
5Y-96.0%
10Y-117.0%
-0.62%
Return on Assets
-103%
3Y-129.0%
5Y-90.0%
10Y-120.0%
1.84%
Return on Invested Capital
-69%
3Y+11.0%
5Y-143.0%
10Y-72.0%
FLR

Fluor Corporation Cash Conversion Engine

FLR ยท NYSE
Net Income-51.00M
Depreciation & Amortization68.00M
Stock-Based Compensation0.00
Change in Working Capital397.00M
Others-290.00M
Capital Expenditures-50.00M
Free Cash Flow-437.00M

Cash Flow Quality Analysis

FCF Conversion Rate

856.9%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

-12.9%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-165.8%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$397.00M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

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Fluor Corporation Funding & Solvency Profile

FLR ยท NYSE
Cash & Cash Equivalents3.19B
Net Receivables951.00M
Inventory0.00
Other Current Assets1.89B
Total Current Assets6 B
Property, Plant & Equipment0.00
Goodwill & Intangible Assets0.00
Long-Term Investments562.00M
Other Non-Current Assets1.27B
Total Non-Current Assets2 B
Total Assets
7.92B

Financial Health Analysis

Current Ratio

1.78x

Strong liquidity. The company has adequate resources to meet short-term liabilities.

Debt-to-Equity Ratio

1.68x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

3 B

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

77% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

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Fluor Corporation Street Expectations Map

FLR ยท NYSE

Wall Street analysts project that FLR stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 56.00, with estimates ranging from a low of 48.00 to a high of 60.00.

Lowest Target
48.00
-4.31%
Consensus Target
56.00
11.64%
Highest Target
60.00
19.62%

The consensus 1-year price target stands at 56.00, with estimates ranging from a low of 48.00 to a high of 60.00.

Analyst Consensus Analysis

Upside Potential

+11.6%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

21.4% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Risk-Reward Profile

4.56x

Favorable risk-reward. Potential upside significantly exceeds downside risk, offering asymmetric return profile attractive for risk-tolerant investors.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Asymmetric upside: Strong return potential with favorable risk-reward profile. The limited downside relative to upside makes this an attractive risk-adjusted opportunity for growth-oriented portfolios.

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Fluor Corporation Insider Positioning

FLR ยท NYSE

During the last 12 months, insiders have sold $10.43M worth of FLR shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

24.1K

1.09M

Net Activity

-1.1M

-$1.09M

3-6 Months

Bought

0

0.00

Sold

43.9K

2.30M

Net Activity

-2.3M

-$2.30M

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

141.3K

7.03M

Net Activity

-7.0M

-$7.03M

Top Buyers

No buying activity

Top Sellers

1
CDE

Constable David E

Director, Officer: Executive Chairman

119.4K sharesโ€ข3 transactions

$6.02M

2
CACI

Collins Alvin C Iii

Officer: Group President

37.5K sharesโ€ข3 transactions

$1.73M

3
RJC

Regan John C

Officer: Chief Financial Officer

24.9K sharesโ€ข2 transactions

$1.30M

4
MA

Morgan Anthony

Officer: Group President

11.9K sharesโ€ข2 transactions

$560K

5
BPE

Bechelany Pierre Edward

Officer: Group President

4.6K sharesโ€ข1 transactions

$243K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $10.43M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$1.09M

Heavy recent selling activity. Recent insider sales notably exceed purchasesโ€”may warrant investigation into company developments.

Insider Participation

High Selling

5 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.

0.00%
Dividend Yield
3Y-100.0%
5Y-
10Y-100.0%
ย 

flr Dividend History

FLR
10Y CAGR 2%
Latest $0.1
Annual $0.83
Stable dividend payments
Last Period: +0%