Is the business good?
How good a business is FLR?
Fluor Corporation earns −24% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−24%
Return on invested capital · cost of capital 9.0% · 33 points below what the capital costs: growth destroys value
- Operating margin
- −1.4%
Operating margin · Engineering & Construction median 7.4% · 12 months to Q2 2026
- Share count, year on year
- −15%
Share count, year on year · bought back, each share owns more of the company
- Gross margin
- −0.80%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −1.5% |
| FY2021 | −1.9% |
| FY2022 | 1.5% |
| FY2023 | 0.95% |
| FY2024 | 2.8% |
| FY2025 | −2.4% |
Details›
- Gross margin12 months to Q2 2026
- −0.80%
- Operating margin12 months to Q2 2026
- −1.4%
- Net margin12 months to Q2 2026
- −13%
- Free cash flow margin
- −2.1%
- Revenue, trailing twelve months
- $15.5B
- Free cash flow, trailing twelve months
- −$330M
- Net income, trailing twelve months
- −$2.00B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −24%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Engineering & Construction
Ranks #25 of 27 by Smart Score