📊 FLR Key Takeaways
Is FLR a Good Investment? Thesis Analysis
Fluor is experiencing severe operational distress with negative profitability across all margins, negative free cash flow of -$437M, and deteriorating operating performance. Despite maintaining adequate liquidity (1.91x current ratio) and a manageable debt-to-equity ratio of 0.33x, the company is burning cash at an unsustainable rate with negative operating cash flow and inability to cover interest expenses.
Why Buy FLR? Key Strengths
- Strong liquidity position with $2.1B in cash and 1.91x current ratio providing near-term operational flexibility
- Conservative debt structure with 0.33x debt-to-equity ratio limiting financial leverage risk
- Significant asset base of $8.2B providing potential collateral value if restructuring becomes necessary
FLR Investment Risks to Consider
- Severe profitability crisis with negative net margin of -0.3%, gross margin of -0.8%, and operating margin of -2.4% indicating fundamental project execution issues
- Negative free cash flow of -$437M with negative operating cash flow of -$387M demonstrates unsustainable cash burn that will erode the cash cushion
- Unable to service debt obligations with negative interest coverage of -10.8x, creating potential covenant violations and refinancing risk if operational performance doesn't improve
Key Metrics to Watch
- Operating cash flow trend - critical to determine if the -$387M represents a temporary project valley or structural deterioration
- Gross margin recovery - the -0.8% negative margin suggests major project losses requiring resolution
- Cash balance trajectory - with current burn rate, cash runway and adequacy for debt service become critical within 12-24 months
FLR Financial Metrics
💡 AI Analyst Insight
FLUOR CORP presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
FLR Profitability Ratios
FLR vs Industrial Sector
How FLUOR CORP compares to Industrial sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is FLR Overvalued or Undervalued?
Based on fundamental analysis, FLUOR CORP has mixed fundamental signals relative to the Industrial sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
FLR Balance Sheet & Liquidity
FLR 5-Year Financial Trend & Growth Analysis
5-Year Trend Summary: FLUOR CORP's revenue has shown modest growth of 6% over the 5-year period. The most recent EPS of $0.54 reflects profitable operations.
FLR Growth Metrics (YoY)
FLR Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $3.4B | $54.0M | $0.31 |
| Q2 2025 | $4.0B | $169.0M | $0.97 |
| Q1 2025 | $3.7B | $59.0M | $0.34 |
| Q3 2024 | $4.0B | $54.0M | $0.31 |
| Q2 2024 | $3.9B | -$46.0M | $0.35 |
| Q1 2024 | $3.7B | $59.0M | $0.34 |
| Q3 2023 | $3.6B | $22.0M | $0.08 |
| Q2 2023 | $3.3B | -$46.0M | $0.35 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
FLR Capital Allocation
FLR SEC 10-K & 10-Q Filing Analysis
Access official SEC EDGAR filings for FLUOR CORP (CIK: 0001124198)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 16, 2026 | 4 | xslF345X05/form4-03162026_090325.xml | View → |
| Mar 12, 2026 | DEF 14A | tm261393-1_def14a.htm | View → |
| Mar 11, 2026 | 4 | xslF345X05/form4-03112026_040325.xml | View → |
| Mar 10, 2026 | 4 | xslF345X05/form4-03102026_040329.xml | View → |
| Mar 10, 2026 | 4 | xslF345X05/form4-03102026_040320.xml | View → |
❓ Frequently Asked Questions about FLR
What is the AI rating for FLR?
FLUOR CORP (FLR) has an AI rating of SELL with 85% confidence, based on fundamental analysis of SEC EDGAR filings.
What are FLR's key strengths?
Claude: Strong liquidity position with $2.1B in cash and 1.91x current ratio providing near-term operational flexibility. Conservative debt structure with 0.33x debt-to-equity ratio limiting financial leverage risk.
What are the risks of investing in FLR?
Claude: Severe profitability crisis with negative net margin of -0.3%, gross margin of -0.8%, and operating margin of -2.4% indicating fundamental project execution issues. Negative free cash flow of -$437M with negative operating cash flow of -$387M demonstrates unsustainable cash burn that will erode the cash cushion.
What is FLR's revenue and growth?
FLUOR CORP reported revenue of $15.5B.
Does FLR pay dividends?
FLUOR CORP pays dividends, with $20.0M distributed to shareholders in the trailing twelve months.
Where can I find FLR SEC filings?
Official SEC filings for FLUOR CORP (CIK: 0001124198) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is FLR's EPS?
FLUOR CORP has a diluted EPS of $-0.31.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is FLR a good stock to buy right now?
Based on our AI fundamental analysis in March 2026, FLUOR CORP has a SELL rating with 85% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is FLR stock overvalued or undervalued?
Valuation metrics for FLR: ROE of -1.6% (sector avg: 15%), net margin of -0.3% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
Should I buy FLR stock in 2026?
Our dual AI analysis gives FLUOR CORP a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is FLR's free cash flow?
FLUOR CORP's operating cash flow is $-387.0M, with capital expenditures of $50.0M. FCF margin is -2.8%.
How does FLR compare to other Industrial stocks?
Vs Industrial sector averages: Net margin -0.3% (avg: 10%), ROE -1.6% (avg: 15%), current ratio 1.91 (avg: 1.8).