Fluor Corporation (FLR) AI Stock Analysis
FLR AI stock analysis summary
AI ResearchFluor Corporation provides engineering, procurement, and construction services globally across energy, urban, and mission-critical markets. The company reported trailing twelve month revenue of $15.53B and holds a net cash balance of $1.97B as of June 30, 2026. While trailing twelve month EPS was -$11.90, consensus analyst estimates anticipate EPS of $2.71 for FY2026.
- Market cap
- $6.28B
- Revenue (TTM)
- $15.53B
- P/E
- — fwd 16.5x
- 1Y return
- -3.1% S&P 500 16.8%
- Avg. target
- $61.56 31.1% vs last close
Bull case
- Fluor maintains a strong liquidity profile with $1.97B in net cash and $3.04B in cash and short-term investments as of June 30, 2026.
- Analysts forecast strong earnings expansion with EPS expected to grow 23.6% to $2.71 in FY2026 and another 25.0% to $3.38 in FY2027.
- The stock trades at an EV-to-EBITDA multiple of 11.1x, below the US-listed Industrials peer median of 13.9x.
Bear case
- Trailing twelve month net profitability remains deeply negative with an EPS of -$11.90 and a profit margin of -12.8%.
- Free cash flow deteriorated significantly to -$437.0M in FY2025 alongside negative operating cash flow of -$387.0M.
- Quarterly earnings growth dropped 94.5% year-over-year in the latest quarter ended June 30, 2026.
What Fluor does
Fluor Corporation is a global leader in providing engineering, procurement, and construction (EPC) services, fabrication, modularization, operation and maintenance, asset integrity, and project management solutions. The company operates through four key segments: Energy Solutions, Urban Solutions, Mission Solutions, and Other. The Energy Solutions segment supports the energy transition with decarbonization, carbon capture, renewable fuels, hydrogen production, and nuclear power services, primarily serving oil, gas, and petrochemical clients. Urban Solutions delivers EPC and staffing services across infrastructure, advanced technologies, life sciences, and mining and metals. Mission Solutions provides technical solutions, nuclear security, waste management, and facility operations to governmental entities.
Growth and profitability
Between FY2020 and FY2025, Fluor Corporation recorded a 5-year revenue CAGR of 1.8%. Annual revenue rose from $14.16B in FY2021 to $16.32B in FY2024 before decreasing 5.0% to $15.50B in FY2025. Annual net income peaked at $2.15B in FY2024 with a 13.1% net margin, but reversed to -$51.0M in FY2025 as operating margin dropped to -2.3%. Over the trailing twelve months, revenue was $15.53B with an operating margin of 3.3% and a profit margin of -12.8%. In the latest quarter ended June 30, 2026, revenue increased 8.8% year-over-year, while quarterly earnings growth dropped 94.5%.
Balance sheet and cash flow
As of June 30, 2026, Fluor Corporation held $3.04B in cash and short-term investments against $1.07B in total debt, creating net cash of $1.97B. Shareholders' equity was $2.69B against total assets of $7.54B. The company maintained a current ratio of 1.80 and a debt-to-equity ratio of 0.40. During FY2025, capital expenditures stood at $50.0M and share buybacks reached $754.0M, while operating cash flow was -$387.0M and free cash flow was -$437.0M.
Valuation and performance
Fluor Corporation trades at a market capitalization of $6.28B and an enterprise value of $5.13B. Its forward P/E of 16.5x is below the 17.2x median of its US-listed Industrials peers. The company's price-to-sales ratio is 0.4x compared to the peer median of 1.5x, and its EV-to-EBITDA is 11.1x versus the peer median of 13.9x. The stock has a PEG ratio of 1.10. Over the past year, FLR declined 3.1% compared to a 16.8% gain for the S&P 500 (SPY), while its 5-year return of 169.5% surpassed the index return of 83.0%.
What analysts expect
Analyst coverage consists of 4 Strong Buy ratings and 5 Hold ratings. The mean price target is $61.56, representing a 31.1% premium over the last close of $46.95 on October 16, 2026. For the fiscal year ending December 31, 2026, analysts estimate revenue of $16.69B and EPS of $2.71, an expected earnings expansion of 23.6%. For the following fiscal year, 8 analysts estimate revenue of $18.35B and EPS of $3.38. Fluor has beaten earnings estimates in 2 of the last 4 quarters, with the next earnings release scheduled for November 6, 2026.
Key risks and what to watch
- Short interest is elevated at 11.4% of float, reflecting substantial negative sentiment.
- Operating margins experienced severe volatility, swinging from 2.8% in FY2024 to -2.3% in FY2025.
- Fluor has beaten consensus EPS projections in only 2 of the past 4 quarters, indicating ongoing quarterly forecasting and execution variability.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this FLR AI stock analysis
This page is an AI-written research summary of Fluor Corporation (FLR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: FLR income statement, FLR balance sheet, FLR key metrics, FLR analyst forecast, FLR chart. See the FLR stock overview for the latest quote and news.
FLR AI stock analysis FAQ
What was Fluor Corporation's revenue in FY2025?
Fluor Corporation reported revenue of $15.50B in FY2025, representing a 5.0% decline from $16.32B in FY2024.
Does Fluor Corporation pay a dividend?
Fluor Corporation does not currently pay a dividend, having directed capital return through $754.0M in share buybacks during FY2025.
What is Fluor Corporation's net cash position?
As of June 30, 2026, Fluor Corporation held $3.04B in cash and short-term investments and $1.07B in total debt, resulting in net cash of $1.97B.
What is the Wall Street price target for FLR?
The mean analyst price target for FLR is $61.56, which represents an upside of 31.1% compared to its last close price of $46.95.