Fluor (FLR) Financials

$42.39 -1.15 (-2.64%)

Closing price 05/28/2025 03:59 PM Eastern

Extended Trading

$42.71 +0.32 (+0.75%)

As of 09:15 AM Eastern

Annual Income Statements for Fluor

This table shows Fluor's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	2,145	166	212	-464	-435	-1,522	194	454	281	413
Consolidated Net Income / (Loss)	2,084	79	73	-440	-435	-1,522	406	380	327	475
Net Income / (Loss) Continuing Operations	2,063	79	73	-366	-301	-1,321	212	37	327	481
Total Pre-Tax Income	613	315	244	-346	-278	-839	386	54	547	727
Total Operating Income	463	147	209	-273	-232	-828	426	94	599	926
Total Gross Profit	574	477	355	454	410	-206	569	278	790	1,095
Total Revenue	16,315	15,474	13,744	14,156	15,788	15,454	18,851	14,807	19,037	18,114
Operating Revenue	16,315	15,474	13,744	14,156	15,788	15,454	18,851	14,807	19,037	18,114
Total Cost of Revenue	15,741	14,997	13,389	13,702	15,378	15,661	18,282	14,529	18,246	17,019
Operating Cost of Revenue	15,741	14,997	13,389	13,702	15,378	15,661	18,282	14,529	18,246	17,019
Total Operating Expenses	111	232	171	727	642	622	143	184	191	168
Selling, General & Admin Expense	203	232	237	226	215	140	121	184	191	168
Other Operating Expenses / (Income)	-92	-	-	211	47	164	22	-	-	-
Restructuring Charge	0.00	0.00	-24	290	380	318	0.00	0.00	-	-
Other Special Charges / (Income)	0.00	0.00	-42	-	-	-	-	0.18	-	-
Total Other Income / (Expense), net	150	70	60	-73	-46	-11	-41	-40	-53	-200
Interest Expense	46	60	59	90	72	65	77	67	70	45
Interest & Investment Income	196	228	94	17	26	54	37	27	17	85
Income Tax Expense	634	236	171	20	23	482	173	16	219	246
Other Gains / (Losses), net	2,084	0.00	0.00	-	-	-	-	-	-	-
Preferred Stock Dividends Declared	0.00	56	39	24	0.00	0.00	-	-	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	-61	-60	-72	-	-	-	-	-73	46	62
Basic Earnings per Share	$12.48	$0.55	$0.75	-	-	-	$1.24	$1.10	$2.02	$2.85
Weighted Average Basic Shares Outstanding	168.79M	170.41M	142.33M	141.43M	140.76M	-	139.58M	139.70M	139.17M	144.81M
Diluted Earnings per Share	$12.30	$0.54	$0.73	-	-	-	$1.23	$1.09	$2.00	$2.81
Weighted Average Diluted Shares Outstanding	168.79M	170.41M	142.33M	141.43M	140.76M	-	139.58M	139.70M	140.91M	146.72M
Weighted Average Basic & Diluted Shares Outstanding	168.79M	170.41M	142.33M	141.43M	140.76M	-	139.58M	139.70M	139.17M	144.70M

This table shows Fluor's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-241	1,863	54	169	59	63	169	51	-117	106	12
Consolidated Net Income / (Loss)	-232	1,802	54	169	59	-81	206	61	-107	-63	22
Net Income / (Loss) Continuing Operations	-232	1,845	25	153	40	-40	181	68	-130	-32	-24
Total Pre-Tax Income	108	222	86	214	91	24	260	131	-100	49	3.00
Total Operating Income	91	186	49	176	52	-24	218	94	-141	18	-11
Total Gross Profit	140	209	88	178	99	66	251	198	-38	132	-15
Total Revenue	3,982	4,260	4,094	4,227	3,734	3,820	3,963	3,939	3,752	3,711	3,612
Operating Revenue	3,982	4,260	4,094	4,227	3,734	3,820	3,963	3,939	3,752	3,711	3,612
Total Cost of Revenue	3,842	4,051	4,006	4,049	3,635	3,754	3,712	3,741	3,790	3,579	3,627
Operating Cost of Revenue	3,842	4,051	4,006	4,049	3,635	3,754	3,712	3,741	3,790	3,579	3,627
Total Operating Expenses	36	23	39	2.00	47	-8.00	33	104	103	139	-4.00
Selling, General & Admin Expense	36	57	37	50	59	54	56	60	62	91	30
Total Other Income / (Expense), net	4.00	36	37	38	39	-50	42	37	41	56	14
Interest Expense	12	11	11	11	13	14	14	16	16	16	14
Interest & Investment Income	29	47	48	49	52	62	56	53	57	47	28
Other Income / (Expense), net	-13	-	-	-	-	-	-	-	-	-	-
Income Tax Expense	-53	461	61	61	51	64	79	63	30	81	27
Other Gains / (Losses), net	-393	-	-	-	-	-	-	-	-	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	9.00	-	-	-	-	-	-	-	-	-	-
Basic Earnings per Share	($1.42)	$10.82	$0.32	$0.99	$0.35	($0.17)	$1.18	$0.36	($0.82)	-	$0.08
Weighted Average Basic Shares Outstanding	164.66M	168.79M	171.52M	171.29M	171.19M	170.41M	170.38M	143.37M	143.24M	142.33M	142.09M
Diluted Earnings per Share	($1.42)	$10.68	$0.31	$0.97	$0.34	($0.14)	$1.15	$0.35	($0.82)	-	$0.08
Weighted Average Diluted Shares Outstanding	164.66M	168.79M	171.52M	171.29M	171.19M	170.41M	170.38M	143.37M	143.24M	142.33M	142.09M
Weighted Average Basic & Diluted Shares Outstanding	164.66M	168.79M	171.52M	171.29M	171.19M	170.41M	170.38M	143.37M	143.24M	142.33M	142.09M

This table details how cash moves in and out of Fluor's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	310	80	230	10	202	232	-39	-46	-99	-43
Net Cash From Operating Activities	828	212	31	25	186	219	162	602	706	849
Net Cash From Continuing Operating Activities	828	212	31	25	186	219	162	602	706	1,165
Net Income / (Loss) Continuing Operations	2,084	79	73	-401	-367	-1,553	233	227	327	481
Consolidated Net Income / (Loss)	2,084	79	73	-401	-367	-1,553	233	227	327	475
Depreciation Expense	73	74	73	74	105	155	198	206	211	189
Non-Cash Adjustments To Reconcile Net Income	-2,094	186	-86	521	458	652	-60	30	20	187
Changes in Operating Assets and Liabilities, net	765	-127	-29	-169	-10	950	-228	120	133	308
Net Cash From Investing Activities	-333	-277	-78	-122	-41	80	1.38	-484	-741	-67
Net Cash From Continuing Investing Activities	-332	-277	-78	-122	-41	80	1.38	-484	-741	-67
Purchase of Property, Plant & Equipment	-164	-106	-75	-75	-113	-181	-211	-283	-236	-240
Acquisitions	-131	0.00	0.00	-	-	-	-	-	-241	0.00
Purchase of Investments	-298	-459	-481	-229	-64	-83	-557	-510	-878	-477
Divestitures	82	-5.00	95	146	-	-	125	0.00	0.00	46
Sale and/or Maturity of Investments	179	293	383	45	19	239	563	220	526	411
Net Cash From Financing Activities	-116	127	315	122	48	-77	-140	-216	-10	-728
Net Cash From Continuing Financing Activities	-116	127	315	122	48	-77	-140	-216	-10	-728
Repayment of Debt	-57	-334	-55	-534	-14	0.71	-514	-60	-1,266	-33
Repurchase of Common Equity	-125	0.00	0.00	-	-	-	-50	0.00	-9.72	-510
Payment of Dividends	-14	-82	-99	-128	-52	-152	-182	-165	-176	-184
Issuance of Debt	0.00	560	0.00	0.00	4.00	9.09	599	0.00	1,435	0.00
Issuance of Common Equity	0.00	10	21	202	110	65	5.13	6.40	9.07	5.25
Other Financing Activities, net	80	-27	448	0.00	0.00	-	1.57	3.19	-3.35	-6.62
Effect of Exchange Rate Changes	-69	18	-38	-15	9.00	10	-62	51	-54	-98

This table details how cash moves in and out of Fluor's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-396	-83	283	294	-184	98	159	125	-302	3.00	362
Net Cash From Operating Activities	-286	327	330	282	-111	308	3.00	62	-161	46	118
Net Cash From Continuing Operating Activities	-286	327	330	282	-111	308	3.00	62	-161	46	118
Net Income / (Loss) Continuing Operations	-232	1,865	25	154	40	-40	181	68	-130	-32	-23
Consolidated Net Income / (Loss)	-232	1,865	25	154	40	-40	181	68	-130	-32	-23
Depreciation Expense	18	20	19	16	18	17	20	19	18	18	20
Non-Cash Adjustments To Reconcile Net Income	392	-2,103	2.00	3.00	4.00	110	-2.00	6.00	72	-9.00	-10
Changes in Operating Assets and Liabilities, net	-464	545	284	109	-173	221	-196	-31	-121	69	131
Net Cash From Investing Activities	36	-204	-91	-16	-22	-231	-149	90	13	-14	-141
Net Cash From Continuing Investing Activities	36	-203	-91	-16	-22	-231	-149	90	13	-14	-141
Purchase of Property, Plant & Equipment	-11	-31	-51	-48	-34	-35	-29	-22	-20	-37	-15
Purchase of Investments	-90	-92	-107	-37	-62	-196	-163	-27	-73	-121	-78
Sale of Property, Plant & Equipment	62	-	-5.00	44	30	-	-	1.00	22	-	-102
Sale and/or Maturity of Investments	75	61	49	25	44	33	43	135	82	97	43
Net Cash From Financing Activities	-163	-138	16	32	-26	-4.00	328	-36	-161	-63	432
Net Cash From Continuing Financing Activities	-163	-138	16	32	-26	-4.00	328	-36	-161	-63	432
Repayment of Debt	-21	-7.00	-23	-6.00	-21	3.00	-195	-1.00	-141	-29	-1.00
Repurchase of Common Equity	-142	-	-	-	-	-	-	-	-	-	-
Effect of Exchange Rate Changes	17	-68	28	-4.00	-25	25	-23	9.00	7.00	34	-47
Cash Interest Paid	19	-	19	2.00	20	-	15	12	19	-	15
Cash Income Taxes Paid	30	-	-73	-15	46	-	59	46	24	-	16

This table presents Fluor's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	9,143	6,973	6,827	7,089	7,310	7,967	8,883	9,328	9,216	7,625
Total Current Assets	5,175	5,063	5,044	5,181	5,034	5,367	5,371	5,601	5,610	5,105
Cash & Equivalents	2,829	2,519	2,439	2,209	2,199	1,997	1,765	1,804	1,850	1,950
Short-Term Investments	130	69	185	127	23	7.26	215	161	111	197
Note & Lease Receivable	921	1,137	1,109	1,171	936	1,217	1,237	1,603	1,700	1,203
Other Current Assets	1,295	1,338	1,311	1,674	1,238	1,628	1,316	2,033	411	379
Plant, Property, & Equipment, net	494	458	447	456	464	595	746	1,094	1,017	892
Total Noncurrent Assets	3,474	1,452	1,336	1,452	1,812	2,005	2,766	2,633	2,589	1,628
Long-Term Investments	2,828	614	584	517	527	601	903	992	884	559
Goodwill	199	206	206	249	207	508	466	565	532	112
Noncurrent Deferred & Refundable Income Taxes	30	51	34	51	78	63	378	316	454	395
Employee Benefit Assets	221	241	234	330	350	341	329	382	348	361
Other Noncurrent Operating Assets	196	340	278	305	270	492	313	377	370	202
Total Liabilities & Shareholders' Equity	9,143	6,973	6,827	7,089	7,310	7,967	8,883	9,328	9,216	7,625
Total Liabilities	5,151	4,921	4,831	5,522	6,047	6,383	5,902	5,835	5,974	4,512
Total Current Liabilities	3,071	3,163	3,216	3,614	3,572	3,905	3,659	3,574	3,816	2,935
Accounts Payable	1,220	1,214	1,017	1,220	1,116	1,547	1,401	1,513	1,591	1,267
Accrued Expenses	527	657	679	802	376	470	362	454	645	245
Current Employee Benefit Liabilities	640	653	626	629	579	609	587	707	735	670
Other Current Liabilities	684	639	742	945	1,094	1,158	903	874	-	-
Total Noncurrent Liabilities	2,080	1,758	1,615	1,908	2,475	2,477	2,243	2,261	2,158	1,577
Long-Term Debt	1,104	1,158	978	1,841	1,701	1,652	1,662	1,592	1,518	987
Noncurrent Deferred & Payable Income Tax Liabilities	468	70	73	67	81	83	0.00	-	-	-
Other Noncurrent Operating Liabilities	508	530	564	-	594	742	564	670	640	590
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,992	2,052	1,996	1,567	1,263	1,584	2,980	3,492	3,243	3,113
Total Preferred & Common Equity	3,949	1,940	1,786	1,393	1,030	1,488	2,834	3,342	3,125	2,997
Total Common Equity	3,949	1,940	1,786	1,393	1,030	1,488	2,834	3,342	3,125	2,997
Common Stock	1,176	1,230	1,255	968	197	167	84	90	40	1.39
Retained Earnings	3,124	979	896	791	1,250	1,701	3,294	3,655	3,582	3,429
Accumulated Other Comprehensive Income / (Loss)	-351	-269	-365	-366	-417	-380	-544	-402	-497	-433
Noncontrolling Interest	43	112	210	174	233	96	146	150	118	116

This table presents Fluor's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	8,423	7,100	6,811	6,700	7,163	6,756	6,630	6,870
Total Current Assets	4,911	5,265	5,017	4,911	5,060	4,878	4,837	4,991
Cash & Equivalents	2,433	2,912	2,629	2,335	2,421	2,262	2,137	2,436
Short-Term Investments	78	94	79	74	64	60	174	155
Note & Lease Receivable	918	1,049	1,021	1,099	1,174	1,163	1,088	1,007
Other Current Assets	1,482	1,210	1,288	1,403	1,401	1,393	1,438	1,393
Plant, Property, & Equipment, net	480	504	467	438	443	439	434	460
Total Noncurrent Assets	3,032	1,331	1,327	1,351	1,660	1,439	1,359	1,419
Long-Term Investments	2,376	612	614	632	865	667	612	612
Other Noncurrent Operating Assets	656	252	262	269	314	298	281	288
Total Liabilities & Shareholders' Equity	8,423	7,100	6,811	6,700	7,163	6,756	6,630	6,870
Total Liabilities	4,773	4,759	4,568	4,656	5,141	4,786	4,723	4,840
Total Current Liabilities	2,819	2,982	2,837	2,947	3,140	3,190	3,166	3,211
Accounts Payable	1,323	1,195	1,112	1,248	1,197	1,155	1,068	1,071
Accrued Expenses	400	495	456	518	653	764	743	637
Current Employee Benefit Liabilities	516	608	573	529	611	575	574	567
Other Current Liabilities	580	684	696	652	661	679	765	769
Total Noncurrent Liabilities	1,954	1,777	1,731	1,709	2,001	1,596	1,557	1,629
Long-Term Debt	1,087	1,116	1,136	1,149	1,425	979	978	980
Noncurrent Deferred & Payable Income Tax Liabilities	412	80	99	72	73	81	84	63
Other Noncurrent Operating Liabilities	455	581	496	488	503	536	495	586
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,650	2,341	2,243	2,044	2,022	1,970	1,907	1,923
Total Preferred & Common Equity	3,591	2,251	2,142	1,951	1,883	1,797	1,719	1,650
Total Common Equity	3,591	2,251	2,142	1,951	1,883	1,797	1,719	1,650
Common Stock	1,033	1,288	1,264	1,232	1,214	1,268	1,258	1,130
Retained Earnings	2,883	1,261	1,207	1,038	1,000	831	780	898
Accumulated Other Comprehensive Income / (Loss)	-325	-298	-329	-319	-331	-302	-319	-378
Noncontrolling Interest	59	90	101	93	139	173	188	273

This table displays calculated financial ratios and metrics derived from Fluor's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.43%	12.59%	-2.91%	-10.34%	2.16%	-18.02%	27.32%	-22.22%	5.09%	-15.87%
EBITDA Growth	335.77%	-59.93%	254.27%	-56.69%	80.69%	-202.31%	101.48%	-61.33%	-5.83%	-37.81%
EBIT Growth	844.90%	-79.06%	185.71%	-17.67%	71.99%	-294.30%	354.26%	-84.34%	-12.71%	-43.56%
NOPAT Growth	-143.02%	-41.04%	132.72%	-17.67%	71.99%	-346.99%	259.39%	-81.80%	-41.42%	-28.75%
Net Income Growth	2,537.97%	8.22%	116.59%	-1.15%	71.42%	-474.62%	6.80%	16.18%	-31.06%	-26.64%
EPS Growth	2,177.78%	-26.03%	0.00%	0.00%	0.00%	0.00%	12.84%	-45.50%	-28.83%	-12.19%
Operating Cash Flow Growth	290.57%	583.87%	24.00%	-86.56%	-15.08%	35.06%	-73.06%	-14.73%	-16.87%	32.15%
Free Cash Flow Firm Growth	1,385.71%	-107.41%	167.64%	-387.67%	139.50%	-89.16%	1,665.21%	62.83%	-129.38%	16.75%
Invested Capital Growth	-8,737.50%	109.76%	-114.31%	293.17%	-226.49%	-75.78%	-55.04%	7.81%	43.25%	-13.52%
Revenue Q/Q Growth	2.77%	0.71%	0.65%	-8.27%	17.51%	-15.13%	35.98%	-24.00%	3.36%	-5.65%
EBITDA Q/Q Growth	65.94%	-53.41%	5,216.67%	10.80%	-216.05%	-44.08%	73.78%	-53.37%	-0.61%	-27.95%
EBIT Q/Q Growth	83.00%	-74.07%	412.00%	12.35%	-13,643.49%	-27.36%	188.50%	-79.51%	-2.50%	-33.12%
NOPAT Q/Q Growth	-114.62%	-23.77%	219.10%	12.35%	-1,288.77%	-27.36%	199.40%	-76.84%	-14.32%	-14.53%
Net Income Q/Q Growth	698.47%	-53.25%	151.05%	-547.61%	-207.62%	32.74%	-1.37%	49.43%	46.58%	-35.59%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-11.51%	-24.31%	70.94%	-37.42%
Operating Cash Flow Q/Q Growth	2.35%	524.00%	-86.52%	114.03%	-37.24%	-8.87%	304.91%	-25.13%	-3.46%	5.40%
Free Cash Flow Firm Q/Q Growth	77.66%	42.64%	16.10%	-126.34%	-58.84%	-84.67%	331.47%	-125.94%	-232.16%	27.90%
Invested Capital Q/Q Growth	-329.19%	-93.04%	-215.38%	-11.10%	-175.31%	-81.98%	-64.93%	4.10%	-6.50%	-26.69%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	3.52%	3.08%	2.58%	3.21%	2.60%	-1.33%	3.02%	1.88%	4.15%	6.04%
EBITDA Margin	3.29%	0.79%	2.23%	-1.41%	-0.80%	-4.26%	3.41%	2.16%	4.33%	4.84%
Operating Margin	2.84%	0.95%	1.52%	-1.93%	-1.47%	-5.36%	2.26%	0.63%	3.15%	5.11%
EBIT Margin	2.84%	0.32%	1.70%	-1.93%	-1.47%	-5.36%	2.26%	0.63%	3.15%	3.79%
Profit (Net Income) Margin	12.77%	0.51%	0.53%	-3.11%	-2.76%	-9.85%	2.16%	2.57%	1.72%	2.62%
Tax Burden Percent	339.97%	25.08%	29.92%	127.17%	156.47%	181.33%	105.33%	707.01%	59.91%	65.38%
Interest Burden Percent	132.40%	642.86%	104.27%	126.74%	119.83%	101.34%	90.48%	57.34%	91.22%	105.84%
Effective Tax Rate	103.43%	74.92%	70.08%	0.00%	0.00%	0.00%	44.93%	30.40%	40.09%	33.84%
Return on Invested Capital (ROIC)	0.00%	0.00%	25.47%	-138.29%	0.00%	-96.41%	15.04%	3.15%	21.17%	40.76%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	24.79%	-118.80%	0.00%	-40.35%	4.80%	-21.24%	23.29%	49.04%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	-21.37%	107.20%	0.00%	29.72%	-2.48%	8.15%	-10.86%	-25.77%
Return on Equity (ROE)	68.96%	3.90%	4.10%	-31.09%	-30.56%	-66.70%	12.56%	11.30%	10.30%	14.99%
Cash Return on Invested Capital (CROIC)	0.00%	-664.17%	0.00%	-185.12%	0.00%	25.60%	90.98%	-4.37%	-14.39%	55.26%
Operating Return on Assets (OROA)	5.75%	0.71%	3.36%	-3.79%	-3.04%	-9.83%	4.68%	1.01%	7.12%	8.68%
Return on Assets (ROA)	25.86%	1.14%	1.05%	-6.11%	-5.70%	-18.07%	4.46%	4.10%	3.89%	6.01%
Return on Common Equity (ROCE)	67.19%	3.59%	3.66%	-26.62%	-27.02%	-63.15%	11.98%	10.85%	9.92%	14.45%
Return on Equity Simple (ROE_SIMPLE)	52.77%	4.07%	4.09%	-31.59%	-42.22%	-102.31%	14.34%	11.38%	10.48%	15.85%
Net Operating Profit after Tax (NOPAT)	-16	37	63	-191	-162	-580	235	65	359	613
NOPAT Margin	-0.10%	0.24%	0.46%	-1.35%	-1.03%	-3.75%	1.25%	0.44%	1.89%	3.38%
Net Nonoperating Expense Percent (NNEP)	62.43%	2.04%	0.68%	-19.49%	-18.74%	-56.07%	10.24%	24.39%	-2.13%	-8.28%
Return On Investment Capital (ROIC_SIMPLE)	-0.31%	1.15%	2.00%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	96.48%	96.92%	97.42%	96.79%	97.40%	101.33%	96.98%	98.12%	95.85%	93.96%
SG&A Expenses to Revenue	1.24%	1.50%	1.72%	1.60%	1.36%	0.90%	0.64%	1.24%	1.00%	0.93%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	0.68%	1.50%	1.24%	5.14%	4.07%	4.03%	0.76%	1.24%	1.00%	0.93%
Earnings before Interest and Taxes (EBIT)	463	49	234	-273	-232	-828	426	94	599	686
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	536	123	307	-199	-127	-658	643	319	825	876
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.14	3.44	2.76	2.51	2.18	1.76	1.53	2.04	2.17	2.03
Price to Tangible Book Value (P/TBV)	2.26	3.85	3.12	3.06	2.73	2.68	1.84	2.46	2.61	2.11
Price to Revenue (P/Rev)	0.52	0.43	0.36	0.25	0.14	0.17	0.23	0.46	0.36	0.34
Price to Earnings (P/E)	3.94	40.20	23.23	0.00	0.00	0.00	22.42	15.04	24.09	14.78
Dividend Yield	0.00%	0.00%	0.00%	0.00%	3.88%	3.91%	2.72%	1.72%	1.73%	1.95%
Earnings Yield	25.36%	2.49%	4.30%	0.00%	0.00%	0.00%	4.46%	6.65%	4.15%	6.76%
Enterprise Value to Invested Capital (EV/IC)	0.00	592.70	0.00	4.68	0.00	7.68	3.41	2.62	2.83	3.22
Enterprise Value to Revenue (EV/Rev)	0.23	0.31	0.22	0.19	0.09	0.12	0.18	0.38	0.30	0.25
Enterprise Value to EBITDA (EV/EBITDA)	7.13	38.55	9.96	0.00	0.00	0.00	5.13	17.65	6.85	5.13
Enterprise Value to EBIT (EV/EBIT)	8.25	96.77	13.06	0.00	0.00	0.00	7.74	60.01	9.43	6.55
Enterprise Value to NOPAT (EV/NOPAT)	0.00	128.61	48.89	0.00	0.00	0.00	14.06	86.22	15.75	7.33
Enterprise Value to Operating Cash Flow (EV/OCF)	4.61	22.37	98.61	107.31	7.72	8.22	20.35	9.36	8.01	5.29
Enterprise Value to Free Cash Flow (EV/FCFF)	5.59	0.00	4.26	0.00	3.90	11.70	2.32	0.00	0.00	5.41
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.28	0.56	0.57	1.19	1.35	1.07	0.57	0.46	0.49	0.32
Long-Term Debt to Equity	0.28	0.56	0.49	1.17	1.35	1.04	0.56	0.46	0.47	0.32
Financial Leverage	-1.11	-1.02	-0.86	-0.90	-1.02	-0.74	-0.52	-0.38	-0.47	-0.53
Leverage Ratio	2.67	3.41	3.91	5.09	5.37	3.69	2.81	2.75	2.65	2.50
Compound Leverage Factor	3.53	21.92	4.07	6.45	6.43	3.74	2.55	1.58	2.42	2.64
Debt to Total Capital	21.66%	36.07%	36.15%	54.26%	57.46%	51.62%	36.17%	31.67%	33.04%	24.06%
Short-Term Debt to Total Capital	0.00%	0.00%	4.86%	0.53%	0.16%	1.18%	0.58%	0.54%	1.70%	0.00%
Long-Term Debt to Total Capital	21.66%	36.07%	31.29%	53.74%	57.29%	50.44%	35.59%	31.14%	31.34%	24.06%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.84%	3.49%	6.72%	5.08%	7.85%	2.94%	3.13%	2.94%	2.43%	2.83%
Common Equity to Total Capital	77.49%	60.44%	57.13%	40.66%	34.70%	45.43%	60.70%	65.39%	64.53%	73.10%
Debt to EBITDA	2.06	9.41	3.68	-9.34	-13.43	-2.57	2.63	5.07	1.94	1.13
Net Debt to EBITDA	-8.74	-16.62	-6.77	5.00	8.22	1.39	-1.86	-4.20	-1.51	-1.96
Long-Term Debt to EBITDA	2.06	9.41	3.19	-9.25	-13.39	-2.51	2.58	4.99	1.84	1.13
Debt to NOPAT	-69.60	31.41	18.07	-9.73	-10.50	-2.92	7.19	24.78	4.46	1.61
Net Debt to NOPAT	295.25	-55.44	-33.23	5.20	6.43	1.58	-5.09	-20.49	-3.47	-2.80
Long-Term Debt to NOPAT	-69.60	31.41	15.64	-9.63	-10.47	-2.85	7.08	24.37	4.23	1.61
Altman Z-Score	3.69	3.58	3.24	2.67	2.76	2.36	3.47	3.13	3.74	4.45
Noncontrolling Interest Sharing Ratio	2.56%	7.95%	10.78%	14.38%	11.57%	5.31%	4.58%	3.98%	3.68%	3.62%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.69	1.60	1.57	1.43	1.41	1.37	1.47	1.57	1.47	1.74
Quick Ratio	1.26	1.18	1.16	0.97	0.88	0.83	0.88	1.00	1.36	1.61
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	683	-53	718	-1,061	369	154	1,420	-91	-244	831
Operating Cash Flow to CapEx	504.88%	200.00%	41.33%	33.33%	18,600.00%	190.67%	124.78%	321.90%	456.19%	1,330.62%
Free Cash Flow to Firm to Interest Expense	14.85	-0.89	12.16	-11.79	5.12	2.37	18.41	-1.35	-3.50	18.56
Operating Cash Flow to Interest Expense	18.00	3.53	0.53	0.28	2.58	3.38	2.10	8.92	10.13	18.97
Operating Cash Flow Less CapEx to Interest Expense	14.43	1.77	-0.75	-0.56	2.57	1.61	0.42	6.15	7.91	17.54
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.02	2.24	1.98	1.97	2.07	1.83	2.07	1.60	2.26	2.29
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	13.07	12.22
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	34.28	34.20	30.44	30.78	29.83	23.05	20.49	14.03	19.94	19.35
Accounts Payable Turnover	12.93	13.44	11.97	11.73	11.55	10.63	12.55	9.36	12.77	12.66
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	27.93	29.86
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	28.22	27.15	30.49	31.11	31.60	34.35	29.08	38.98	28.58	28.83
Cash Conversion Cycle (CCC)	-28.22	-27.15	-30.49	-31.11	-31.60	-34.35	-29.08	-38.98	-0.64	1.03
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-691	8.00	-82	573	-297	235	968	2,154	1,998	1,395
Invested Capital Turnover	-47.77	-418.22	55.98	102.44	-508.26	25.70	12.08	7.13	11.22	12.05
Increase / (Decrease) in Invested Capital	-699	90	-655	870	-531	-734	-1,185	156	603	-218
Enterprise Value (EV)	3,819	4,742	3,057	2,683	1,437	1,801	3,300	5,632	5,652	4,495
Market Capitalization	8,459	6,674	4,925	3,503	2,247	2,620	4,348	6,821	6,780	6,098
Book Value per Share	$23.02	$11.39	$12.57	$9.85	$7.32	$10.61	$20.15	$23.89	$22.44	$21.17
Tangible Book Value per Share	$21.86	$10.18	$11.12	$8.09	$5.85	$6.99	$16.83	$19.86	$18.62	$20.38
Total Capital	5,096	3,210	3,126	3,426	2,969	3,275	4,669	5,111	4,843	4,100
Total Debt	1,104	1,158	1,130	1,859	1,706	1,690	1,688	1,619	1,600	987
Total Long-Term Debt	1,104	1,158	978	1,841	1,701	1,652	1,662	1,592	1,518	987
Net Debt	-4,683	-2,044	-2,078	-994	-1,044	-915	-1,194	-1,339	-1,245	-1,719
Capital Expenditures (CapEx)	164	106	75	75	1.00	115	130	187	155	64
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-855	-688	-644	-751	-755	-504	-241	89	-85	23
Debt-free Net Working Capital (DFNWC)	2,104	1,900	1,980	1,585	1,467	1,500	1,738	2,054	1,876	2,170
Net Working Capital (NWC)	2,104	1,900	1,828	1,567	1,462	1,462	1,711	2,027	1,794	2,170
Net Nonoperating Expense (NNE)	-2,100	-42	-10	249	273	942	-172	-315	32	138
Net Nonoperating Obligations (NNO)	-4,683	-2,044	-2,078	-994	-1,560	-1,350	-2,012	-1,339	-1,245	-1,719
Total Depreciation and Amortization (D&A)	73	74	73	74	105	170	217	225	226	190
Debt-free, Cash-free Net Working Capital to Revenue	-5.24%	-4.45%	-4.69%	-5.31%	-4.78%	-3.26%	-1.28%	0.60%	-0.45%	0.13%
Debt-free Net Working Capital to Revenue	12.90%	12.28%	14.41%	11.20%	9.29%	9.71%	9.22%	13.88%	9.86%	11.98%
Net Working Capital to Revenue	12.90%	12.28%	13.30%	11.07%	9.26%	9.46%	9.08%	13.69%	9.43%	11.98%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$12.48	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.37	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	168.79M	170.41M	142.33M	0.00	0.00	0.00	0.00	139.76M	0.00	0.00
Adjusted Diluted Earnings per Share	$12.30	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.36	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	168.79M	170.41M	142.33M	0.00	0.00	0.00	0.00	140.89M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	168.79M	170.41M	142.33M	0.00	0.00	0.00	0.00	139.91M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	324	103	100	12	104	-357	235	65	359	613
Normalized NOPAT Margin	1.99%	0.67%	0.73%	0.08%	0.66%	-2.31%	1.25%	0.44%	1.89%	3.38%
Pre Tax Income Margin	3.76%	2.04%	1.78%	-2.44%	-1.76%	-5.43%	2.05%	0.36%	2.87%	4.01%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.07	0.82	3.97	-3.03	-3.22	-12.77	5.53	1.39	8.60	15.33
NOPAT to Interest Expense	-0.34	0.61	1.06	-2.12	-2.26	-8.94	3.04	0.97	5.15	13.69
EBIT Less CapEx to Interest Expense	6.50	-0.95	2.69	-3.87	-3.24	-14.54	3.84	-1.38	6.38	13.91
NOPAT Less CapEx to Interest Expense	-3.91	-1.15	-0.21	-2.96	-2.27	-10.71	1.36	-1.80	2.93	12.26
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.67%	103.80%	135.62%	-29.09%	-11.95%	-9.97%	44.86%	43.43%	53.72%	38.78%
Augmented Payout Ratio	6.67%	103.80%	135.62%	-29.09%	-11.95%	-9.97%	57.17%	43.43%	56.69%	146.07%

This table displays calculated financial ratios and metrics derived from Fluor's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.64%	11.52%	3.31%	7.31%	-0.48%	2.94%	9.72%	19.40%	20.18%	2.46%	3.11%
EBITDA Growth	17.07%	3,042.86%	-71.43%	69.91%	156.91%	-119.44%	2,544.44%	-10.32%	-210.81%	114.29%	-92.37%
EBIT Growth	21.88%	875.00%	-77.52%	87.23%	136.88%	-233.33%	2,081.82%	-11.32%	-246.88%	106.77%	-110.89%
NOPAT Growth	493.50%	-600.61%	-90.61%	157.88%	123.16%	440.28%	72.46%	-33.79%	-259.73%	93.69%	51.92%
Net Income Growth	-680.00%	2,324.69%	-73.79%	177.05%	155.14%	-28.57%	836.36%	-7.58%	-322.92%	77.42%	-46.34%
EPS Growth	-517.65%	7,728.57%	-73.04%	177.14%	141.46%	0.00%	1,337.50%	-7.89%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-157.66%	6.17%	10,900.00%	354.84%	31.06%	569.57%	-97.46%	12.73%	14.36%	-81.22%	278.79%
Free Cash Flow Firm Growth	389.57%	1,097.51%	2,597.05%	-83.62%	-243.54%	-107.77%	-98.58%	-49.40%	-87.25%	160.92%	493.64%
Invested Capital Growth	-198.68%	-8,737.50%	-240.00%	347.83%	790.91%	109.76%	542.31%	-111.06%	-112.09%	-114.31%	-104.03%
Revenue Q/Q Growth	-6.53%	4.05%	-3.15%	13.20%	-2.25%	-3.61%	0.61%	4.98%	1.10%	2.74%	9.49%
EBITDA Q/Q Growth	-53.40%	202.94%	-64.58%	174.29%	1,100.00%	-102.94%	110.62%	191.87%	-441.67%	300.00%	-92.86%
EBIT Q/Q Growth	-58.06%	279.59%	-72.16%	238.46%	316.67%	-111.01%	131.91%	166.67%	-883.33%	263.64%	-110.38%
NOPAT Q/Q Growth	167.75%	-1,505.79%	-88.68%	450.51%	-42.86%	-73.64%	211.03%	149.44%	-739.64%	-113.36%	19.41%
Net Income Q/Q Growth	-112.87%	3,237.04%	-68.05%	186.44%	380.95%	-139.32%	237.70%	157.01%	-1,288.89%	-386.36%	-66.67%
EPS Q/Q Growth	-113.30%	3,345.16%	-68.04%	185.29%	0.00%	-112.17%	228.57%	142.68%	0.00%	0.00%	-78.95%
Operating Cash Flow Q/Q Growth	-187.46%	-0.91%	17.02%	354.05%	-136.04%	10,166.67%	-95.16%	138.51%	-450.00%	-61.02%	114.55%
Free Cash Flow Firm Q/Q Growth	-12.25%	71.84%	533.28%	130.32%	-202.29%	-564.62%	-96.15%	165.71%	-83.63%	-15.20%	37.16%
Invested Capital Q/Q Growth	78.29%	-329.19%	-382.46%	-62.50%	1,800.00%	-93.04%	600.00%	-4.55%	73.17%	-215.38%	-112.50%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	3.52%	4.91%	2.15%	4.21%	2.65%	1.73%	6.33%	5.03%	-1.01%	3.56%	-0.42%
EBITDA Margin	2.41%	4.84%	1.66%	4.54%	1.87%	-0.18%	6.01%	2.87%	-3.28%	0.97%	0.25%
Operating Margin	2.29%	4.37%	1.20%	4.16%	1.39%	-0.63%	5.50%	2.39%	-3.76%	0.49%	-0.30%
EBIT Margin	1.96%	4.37%	1.20%	4.16%	1.39%	-0.63%	5.50%	2.39%	-3.76%	0.49%	-0.30%
Profit (Net Income) Margin	-5.83%	42.30%	1.32%	4.00%	1.58%	-2.12%	5.20%	1.55%	-2.85%	-1.70%	0.61%
Tax Burden Percent	-214.81%	811.71%	62.79%	78.97%	64.84%	-337.50%	79.23%	46.56%	107.00%	-128.57%	733.33%
Interest Burden Percent	138.46%	119.35%	175.51%	121.59%	175.00%	-100.00%	119.27%	139.36%	70.92%	272.22%	-27.27%
Effective Tax Rate	-49.07%	207.66%	70.93%	28.50%	56.04%	266.67%	30.38%	48.09%	0.00%	165.31%	900.00%
Return on Invested Capital (ROIC)	56,426.26%	0.00%	0.00%	2,756.92%	145.56%	0.00%	1,322.24%	201.06%	-472.65%	-17.73%	107.57%
ROIC Less NNEP Spread (ROIC-NNEP)	56,439.18%	0.00%	0.00%	2,754.85%	143.66%	0.00%	1,319.50%	200.38%	-472.16%	-14.40%	111.63%
Return on Net Nonoperating Assets (RNNOA)	-56,419.35%	0.00%	0.00%	-2,732.62%	-138.94%	0.00%	-1,290.52%	-190.55%	450.89%	12.41%	-93.81%
Return on Equity (ROE)	6.91%	68.96%	11.96%	24.30%	6.62%	3.90%	31.72%	10.51%	-21.76%	-5.32%	13.77%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	279.47%	-4.40%	-664.17%	-80.56%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	4.29%	8.84%	2.66%	9.66%	3.23%	-1.41%	12.05%	5.40%	-8.23%	0.96%	-0.59%
Return on Assets (ROA)	-12.76%	85.65%	2.94%	9.28%	3.66%	-4.76%	11.38%	3.50%	-6.25%	-3.35%	1.18%
Return on Common Equity (ROCE)	6.72%	67.19%	11.34%	22.72%	6.15%	3.59%	27.66%	9.23%	-19.53%	-4.75%	11.54%
Return on Equity Simple (ROE_SIMPLE)	50.46%	0.00%	11.59%	19.28%	15.63%	0.00%	8.98%	-0.83%	-0.58%	0.00%	-8.67%
Net Operating Profit after Tax (NOPAT)	136	-200	14	126	23	40	152	49	-99	-12	88
NOPAT Margin	3.41%	-4.70%	0.35%	2.98%	0.61%	1.05%	3.83%	1.24%	-2.63%	-0.32%	2.44%
Net Nonoperating Expense Percent (NNEP)	-12.92%	59.53%	1.80%	2.07%	1.89%	-5.87%	2.74%	0.68%	-0.49%	-3.34%	-4.06%
Return On Investment Capital (ROIC_SIMPLE)	2.86%	-3.93%	-	-	-	1.25%	-	-	-	-0.38%	-
Cost of Revenue to Revenue	96.48%	95.09%	97.85%	95.79%	97.35%	98.27%	93.67%	94.97%	101.01%	96.44%	100.42%
SG&A Expenses to Revenue	0.90%	1.34%	0.90%	1.18%	1.58%	1.41%	1.41%	1.52%	1.65%	2.45%	0.83%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	0.90%	0.54%	0.95%	0.05%	1.26%	-0.21%	0.83%	2.64%	2.75%	3.75%	-0.11%
Earnings before Interest and Taxes (EBIT)	78	186	49	176	52	-24	218	94	-141	18	-11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	96	206	68	192	70	-7.00	238	113	-123	36	9.00
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.68	2.14	3.63	3.48	3.69	3.44	2.79	2.36	2.56	2.76	2.14
Price to Tangible Book Value (P/TBV)	1.68	2.26	4.00	3.85	4.13	3.85	3.14	2.66	2.91	3.12	2.52
Price to Revenue (P/Rev)	0.37	0.52	0.51	0.47	0.47	0.43	0.34	0.28	0.31	0.36	0.26
Price to Earnings (P/E)	3.28	3.94	31.19	19.78	27.81	40.20	51.08	0.00	0.00	23.23	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	30.52%	25.36%	3.21%	5.06%	3.60%	2.49%	1.96%	0.00%	0.00%	4.30%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	94.22	35.56	592.70	30.38	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.14	0.23	0.36	0.34	0.35	0.31	0.23	0.16	0.19	0.22	0.14
Enterprise Value to EBITDA (EV/EBITDA)	4.01	7.13	17.83	10.89	13.05	38.55	13.23	69.14	55.38	9.96	0.00
Enterprise Value to EBIT (EV/EBIT)	4.59	8.25	22.77	12.73	15.90	96.77	18.48	0.00	0.00	13.06	0.00
Enterprise Value to NOPAT (EV/NOPAT)	28.93	0.00	53.08	22.44	32.30	128.61	72.24	42.55	47.89	48.89	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	3.53	4.61	7.12	11.14	20.63	22.37	0.00	37.23	45.84	98.61	8.09
Enterprise Value to Free Cash Flow (EV/FCFF)	6.04	5.59	14.98	33.71	0.00	0.00	0.00	8.41	10.24	4.26	3.01
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.30	0.28	0.48	0.51	0.56	0.56	0.71	0.51	0.52	0.57	0.57
Long-Term Debt to Equity	0.30	0.28	0.48	0.51	0.56	0.56	0.70	0.50	0.51	0.49	0.48
Financial Leverage	-1.00	-1.11	-1.01	-0.99	-0.97	-1.02	-0.98	-0.95	-0.96	-0.86	-0.84
Leverage Ratio	2.66	2.67	3.27	3.22	3.37	3.41	3.46	3.52	3.69	3.91	3.65
Compound Leverage Factor	3.68	3.18	5.74	3.92	5.90	-3.41	4.13	4.91	2.62	10.63	-0.99
Debt to Total Capital	22.95%	21.66%	32.28%	33.62%	35.99%	36.07%	41.65%	33.58%	34.26%	36.15%	36.10%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.52%	0.57%	0.55%	4.86%	5.26%
Long-Term Debt to Total Capital	22.95%	21.66%	32.28%	33.62%	35.99%	36.07%	41.13%	33.01%	33.71%	31.29%	30.85%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.25%	0.84%	2.60%	2.99%	2.91%	3.49%	4.01%	5.83%	6.48%	6.72%	11.96%
Common Equity to Total Capital	75.81%	77.49%	65.11%	63.39%	61.10%	60.44%	54.34%	60.59%	59.26%	57.13%	51.94%
Debt to EBITDA	1.89	2.06	3.46	2.30	2.78	9.41	5.47	28.46	20.71	3.68	-191.17
Net Debt to EBITDA	-6.61	-8.74	-7.75	-4.43	-4.57	-16.62	-7.22	-56.94	-40.19	-6.77	342.67
Long-Term Debt to EBITDA	1.89	2.06	3.46	2.30	2.78	9.41	5.40	27.97	20.38	3.19	-163.33
Debt to NOPAT	13.64	-69.60	10.28	4.75	6.87	31.41	29.84	17.51	17.91	18.07	-21.85
Net Debt to NOPAT	-47.69	295.25	-23.06	-9.14	-11.31	-55.44	-39.43	-35.05	-34.75	-33.23	39.16
Long-Term Debt to NOPAT	13.64	-69.60	10.28	4.75	6.87	31.41	29.47	17.22	17.62	15.64	-18.67
Altman Z-Score	3.53	3.59	3.92	4.01	3.83	3.55	3.38	3.27	3.12	3.14	2.91
Noncontrolling Interest Sharing Ratio	2.67%	2.56%	5.25%	6.50%	7.11%	7.95%	12.81%	12.20%	10.25%	10.78%	16.16%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.74	1.69	1.77	1.77	1.67	1.60	1.61	1.53	1.53	1.57	1.55
Quick Ratio	1.22	1.26	1.36	1.31	1.19	1.18	1.17	1.09	1.07	1.16	1.12
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	438	499	290	46	-151	-50	11	280	105	643	759
Operating Cash Flow to CapEx	0.00%	1,054.84%	589.29%	7,050.00%	-2,775.00%	880.00%	10.34%	295.24%	0.00%	124.32%	100.85%
Free Cash Flow to Firm to Interest Expense	36.47	45.34	26.39	4.17	-11.63	-3.57	0.77	17.49	6.58	40.20	54.18
Operating Cash Flow to Interest Expense	-23.83	29.73	30.00	25.64	-8.54	22.00	0.21	3.88	-10.06	2.88	8.43
Operating Cash Flow Less CapEx to Interest Expense	-19.58	26.91	24.91	25.27	-8.85	19.50	-1.86	2.56	-9.94	0.56	0.07
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.19	2.02	2.23	2.32	2.32	2.24	2.19	2.26	2.19	1.98	1.93
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	36.09	34.28	33.53	34.76	35.45	34.20	34.03	32.75	30.75	30.44	30.84
Accounts Payable Turnover	12.41	12.93	12.91	13.37	12.82	13.44	13.07	13.55	13.70	11.97	12.13
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	29.42	28.22	28.27	27.31	28.48	27.15	27.93	26.93	26.64	30.49	30.09
Cash Conversion Cycle (CCC)	-29.42	-28.22	-28.27	-27.31	-28.48	-27.15	-27.93	-26.93	-26.64	-30.49	-30.09
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-150	-691	-161	57	152	8.00	115	-23	-22	-82	-26
Invested Capital Turnover	16,563.00	-47.77	-690.22	926.12	237.78	-418.22	345.28	162.31	179.68	55.98	44.15
Increase / (Decrease) in Invested Capital	-302	-699	-276	80	174	90	141	-231	-204	-655	-671
Enterprise Value (EV)	2,305	3,819	5,760	5,370	5,404	4,742	3,494	2,420	2,658	3,057	1,860
Market Capitalization	6,046	8,459	8,172	7,455	7,203	6,674	5,262	4,240	4,399	4,925	3,536
Book Value per Share	$21.81	$23.02	$13.14	$12.51	$11.40	$11.39	$13.13	$12.55	$12.08	$12.57	$11.61
Tangible Book Value per Share	$21.81	$21.86	$11.94	$11.31	$10.19	$10.18	$11.70	$11.11	$10.63	$11.12	$9.90
Total Capital	4,737	5,096	3,457	3,379	3,193	3,210	3,465	2,966	2,901	3,126	3,177
Total Debt	1,087	1,104	1,116	1,136	1,149	1,158	1,443	996	994	1,130	1,147
Total Long-Term Debt	1,087	1,104	1,116	1,136	1,149	1,158	1,425	979	978	978	980
Net Debt	-3,800	-4,683	-2,502	-2,186	-1,892	-2,044	-1,907	-1,993	-1,929	-2,078	-2,056
Capital Expenditures (CapEx)	-51	31	56	4.00	4.00	35	29	21	-2.00	37	117
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-419	-855	-723	-528	-445	-688	-547	-617	-624	-644	-644
Debt-free Net Working Capital (DFNWC)	2,092	2,104	2,283	2,180	1,964	1,900	1,938	1,705	1,687	1,980	1,947
Net Working Capital (NWC)	2,092	2,104	2,283	2,180	1,964	1,900	1,920	1,688	1,671	1,828	1,780
Net Nonoperating Expense (NNE)	368	-2,002	-40	-43	-36	121	-54	-12	8.30	51	66
Net Nonoperating Obligations (NNO)	-3,800	-4,683	-2,502	-2,186	-1,892	-2,044	-1,907	-1,993	-1,929	-2,078	-2,056
Total Depreciation and Amortization (D&A)	18	20	19	16	18	17	20	19	18	18	20
Debt-free, Cash-free Net Working Capital to Revenue	-2.53%	-5.24%	-4.55%	-3.35%	-2.88%	-4.45%	-3.56%	-4.11%	-4.34%	-4.69%	-4.72%
Debt-free Net Working Capital to Revenue	12.63%	12.90%	14.38%	13.85%	12.71%	12.28%	12.61%	11.36%	11.74%	14.41%	14.26%
Net Working Capital to Revenue	12.63%	12.90%	14.38%	13.85%	12.71%	12.28%	12.50%	11.24%	11.63%	13.30%	13.04%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.42)	$10.82	$0.32	$0.99	$0.35	($0.17)	$1.18	$0.36	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	164.66M	168.79M	171.52M	171.29M	171.19M	170.41M	170.38M	143.37M	143.24M	142.33M	142.09M
Adjusted Diluted Earnings per Share	($1.42)	$10.68	$0.31	$0.97	$0.34	($0.14)	$1.15	$0.35	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	164.66M	168.79M	171.52M	171.29M	171.19M	170.41M	170.38M	143.37M	143.24M	142.33M	142.09M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	164.66M	168.79M	171.52M	171.29M	171.19M	170.41M	170.38M	143.37M	143.24M	142.33M	142.09M
Normalized Net Operating Profit after Tax (NOPAT)	64	130	34	126	36	-17	152	49	-99	40	-7.70
Normalized NOPAT Margin	1.60%	3.06%	0.84%	2.98%	0.97%	-0.44%	3.83%	1.24%	-2.63%	1.08%	-0.21%
Pre Tax Income Margin	2.71%	5.21%	2.10%	5.06%	2.44%	0.63%	6.56%	3.33%	-2.67%	1.32%	0.08%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.50	16.91	4.45	16.00	4.00	-1.71	15.57	5.88	-8.81	1.13	-0.79
NOPAT to Interest Expense	11.30	-18.20	1.29	11.44	1.76	2.86	10.84	3.05	-6.17	-0.73	6.29
EBIT Less CapEx to Interest Expense	10.75	14.09	-0.64	15.64	3.69	-4.21	13.50	4.56	-8.69	-1.19	-9.14
NOPAT Less CapEx to Interest Expense	15.55	-21.02	-3.80	11.08	1.45	0.36	8.77	1.74	-6.04	-3.05	-2.07
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.67%	7.66%	9.93%	23.61%	103.80%	73.96%	-760.00%	-920.00%	135.62%	-100.00%
Augmented Payout Ratio	14.74%	6.67%	7.66%	9.93%	23.61%	103.80%	73.96%	-760.00%	-920.00%	135.62%	-100.00%

Frequently Asked Questions About Fluor's Financials

When does Fluor's financial year end?

According to the most recent income statement we have on file, Fluor's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Fluor's net income changed over the last 9 years?

Fluor's net income appears to be on an upward trend, with a most recent value of $2.08 billion in 2024, rising from $475.01 million in 2015. The previous period was $79 million in 2023. See where experts think Fluor is headed by visiting Fluor's forecast page.

What is Fluor's operating income?

Fluor's total operating income in 2024 was $463 million, based on the following breakdown:

Total Gross Profit: $574 million
Total Operating Expenses: $111 million

How has Fluor revenue changed over the last 9 years?

Over the last 9 years, Fluor's total revenue changed from $18.11 billion in 2015 to $16.32 billion in 2024, a change of -9.9%.

How much debt does Fluor have?

Fluor's total liabilities were at $5.15 billion at the end of 2024, a 4.7% increase from 2023, and a 14.2% increase since 2015.

How much cash does Fluor have?

In the past 9 years, Fluor's cash and equivalents has ranged from $1.76 billion in 2018 to $2.83 billion in 2024, and is currently $2.83 billion as of their latest financial filing in 2024.

How has Fluor's book value per share changed over the last 9 years?

Over the last 9 years, Fluor's book value per share changed from 21.17 in 2015 to 23.02 in 2024, a change of 8.8%.

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This page (NYSE:FLR) was last updated on 5/29/2025 by MarketBeat.com Staff

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