Fluor (FLR) Financials

$34.45 -1.32 (-3.69%)

Closing price 03:59 PM Eastern

Extended Trading

$34.62 +0.16 (+0.48%)

As of 08:00 PM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	413	281	454	194	-1,522	-435	-464	212	166	2,145
Consolidated Net Income / (Loss)	475	327	380	406	-1,522	-435	-440	73	79	2,084
Net Income / (Loss) Continuing Operations	481	327	37	212	-1,321	-301	-366	73	79	2,063
Total Pre-Tax Income	727	547	54	386	-839	-278	-346	244	315	613
Total Operating Income	926	599	94	426	-828	-232	-273	209	147	463
Total Gross Profit	1,095	790	278	569	-206	410	454	355	477	574
Total Revenue	18,114	19,037	14,807	18,851	15,454	15,788	14,156	13,744	15,474	16,315
Operating Revenue	18,114	19,037	14,807	18,851	15,454	15,788	14,156	13,744	15,474	16,315
Total Cost of Revenue	17,019	18,246	14,529	18,282	15,661	15,378	13,702	13,389	14,997	15,741
Operating Cost of Revenue	17,019	18,246	14,529	18,282	15,661	15,378	13,702	13,389	14,997	15,741
Total Operating Expenses	168	191	184	143	622	642	727	171	232	111
Selling, General & Admin Expense	168	191	184	121	140	215	226	237	232	203
Other Operating Expenses / (Income)	-	-	-	22	164	47	211	-	-	-92
Restructuring Charge	-	-	0.00	0.00	318	380	290	-24	0.00	0.00
Other Special Charges / (Income)	-	-	0.18	-	-	-	-	-42	0.00	0.00
Total Other Income / (Expense), net	-200	-53	-40	-41	-11	-46	-73	60	70	150
Interest Expense	45	70	67	77	65	72	90	59	60	46
Interest & Investment Income	85	17	27	37	54	26	17	94	228	196
Income Tax Expense	246	219	16	173	482	23	20	171	236	634
Other Gains / (Losses), net	-	-	-	-	-	-	-	0.00	0.00	2,084
Preferred Stock Dividends Declared	-	-	-	-	0.00	0.00	24	39	56	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	62	46	-73	-	-	-	-	-72	-60	-61
Basic Earnings per Share	$2.85	$2.02	$1.10	$1.24	-	-	-	$0.75	$0.55	$12.48
Weighted Average Basic Shares Outstanding	144.81M	139.17M	139.70M	139.58M	-	140.76M	141.43M	142.33M	170.41M	168.79M
Diluted Earnings per Share	$2.81	$2.00	$1.09	$1.23	-	-	-	$0.73	$0.54	$12.30
Weighted Average Diluted Shares Outstanding	146.72M	140.91M	139.70M	139.58M	-	140.76M	141.43M	142.33M	170.41M	168.79M
Weighted Average Basic & Diluted Shares Outstanding	144.70M	139.17M	139.70M	139.58M	-	140.76M	141.43M	142.33M	170.41M	168.79M

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	12	106	-117	51	169	63	59	169	54	1,863
Consolidated Net Income / (Loss)	22	-63	-107	61	206	-81	59	169	54	1,802
Net Income / (Loss) Continuing Operations	-24	-32	-130	68	181	-40	40	153	25	1,845
Total Pre-Tax Income	3.00	49	-100	131	260	24	91	214	86	222
Total Operating Income	-11	18	-141	94	218	-24	52	176	49	186
Total Gross Profit	-15	132	-38	198	251	66	99	178	88	209
Total Revenue	3,612	3,711	3,752	3,939	3,963	3,820	3,734	4,227	4,094	4,260
Operating Revenue	3,612	3,711	3,752	3,939	3,963	3,820	3,734	4,227	4,094	4,260
Total Cost of Revenue	3,627	3,579	3,790	3,741	3,712	3,754	3,635	4,049	4,006	4,051
Operating Cost of Revenue	3,627	3,579	3,790	3,741	3,712	3,754	3,635	4,049	4,006	4,051
Total Operating Expenses	-4.00	139	103	104	33	-8.00	47	2.00	39	23
Selling, General & Admin Expense	30	91	62	60	56	54	59	50	37	57
Other Operating Expenses / (Income)	-34	-	41	44	-23	-	-12	-48	2.00	-34
Total Other Income / (Expense), net	14	56	41	37	42	-50	39	38	37	36
Interest Expense	14	16	16	16	14	14	13	11	11	11
Interest & Investment Income	28	47	57	53	56	62	52	49	48	47
Income Tax Expense	27	81	30	63	79	64	51	61	61	461
Basic Earnings per Share	$0.08	-	($0.82)	$0.36	$1.18	($0.17)	$0.35	$0.99	$0.32	$10.82
Weighted Average Basic Shares Outstanding	142.09M	142.33M	143.24M	143.37M	170.38M	170.41M	171.19M	171.29M	171.52M	168.79M
Diluted Earnings per Share	$0.08	-	($0.82)	$0.35	$1.15	($0.14)	$0.34	$0.97	$0.31	$10.68
Weighted Average Diluted Shares Outstanding	142.09M	142.33M	143.24M	143.37M	170.38M	170.41M	171.19M	171.29M	171.52M	168.79M
Weighted Average Basic & Diluted Shares Outstanding	142.09M	142.33M	143.24M	143.37M	170.38M	170.41M	171.19M	171.29M	171.52M	168.79M

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	362	3.00	-302	125	159	98	-184	294	283	-83
Net Cash From Operating Activities	118	46	-161	62	3.00	308	-111	282	330	327
Net Cash From Continuing Operating Activities	118	46	-161	62	3.00	308	-111	282	330	327
Net Income / (Loss) Continuing Operations	-23	-32	-130	68	181	-40	40	154	25	1,865
Consolidated Net Income / (Loss)	-23	-32	-130	68	181	-40	40	154	25	1,865
Depreciation Expense	20	18	18	19	20	17	18	16	19	20
Non-Cash Adjustments To Reconcile Net Income	-10	-9.00	72	6.00	-2.00	110	4.00	3.00	2.00	-2,103
Changes in Operating Assets and Liabilities, net	131	69	-121	-31	-196	221	-173	109	284	545
Net Cash From Investing Activities	-141	-14	13	90	-149	-231	-22	-16	-91	-204
Net Cash From Continuing Investing Activities	-141	-14	13	90	-149	-231	-22	-16	-91	-203
Purchase of Property, Plant & Equipment	-15	-37	-20	-22	-29	-35	-34	-48	-51	-31
Purchase of Investments	-78	-121	-73	-27	-163	-196	-62	-37	-107	-92
Sale and/or Maturity of Investments	43	97	82	135	43	33	44	25	49	61
Net Cash From Financing Activities	432	-63	-161	-36	328	-4.00	-26	32	16	-138
Net Cash From Continuing Financing Activities	432	-63	-161	-36	328	-4.00	-26	32	16	-138
Repayment of Debt	-1.00	-29	-141	-1.00	-195	3.00	-21	-6.00	-23	-7.00
Payment of Dividends	-12	-55	-10	-37	-23	-12	0.00	-6.00	-2.00	-6.00
Issuance of Debt	-8.00	-	-	-	560	-	-	-	35	-80
Other Financing Activities, net	453	-	-10	-	-17	-	-5.00	-1.00	6.00	80
Effect of Exchange Rate Changes	-47	34	7.00	9.00	-23	25	-25	-4.00	28	-68

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

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	6,870	6,630	6,756	7,163	6,700	6,811	7,100
Total Current Assets	4,991	4,837	4,878	5,060	4,911	5,017	5,265
Cash & Equivalents	2,436	2,137	2,262	2,421	2,335	2,629	2,912
Short-Term Investments	155	174	60	64	74	79	94
Note & Lease Receivable	1,007	1,088	1,163	1,174	1,099	1,021	1,049
Other Current Assets	1,393	1,438	1,393	1,401	1,403	1,288	1,210
Plant, Property, & Equipment, net	460	434	439	443	438	467	504
Total Noncurrent Assets	1,419	1,359	1,439	1,660	1,351	1,327	1,331
Long-Term Investments	612	612	667	865	632	614	612
Goodwill	244	206	206	206	206	206	206
Noncurrent Deferred & Refundable Income Taxes	50	34	34	50	34	31	38
Employee Benefit Assets	225	226	234	225	210	214	223
Other Noncurrent Operating Assets	288	281	298	314	269	262	252
Total Liabilities & Shareholders' Equity	6,870	6,630	6,756	7,163	6,700	6,811	7,100
Total Liabilities	4,840	4,723	4,786	5,141	4,656	4,568	4,759
Total Current Liabilities	3,211	3,166	3,190	3,140	2,947	2,837	2,982
Accounts Payable	1,071	1,068	1,155	1,197	1,248	1,112	1,195
Accrued Expenses	637	743	764	653	518	456	495
Current Employee Benefit Liabilities	567	574	575	611	529	573	608
Other Current Liabilities	769	765	679	661	652	696	684
Total Noncurrent Liabilities	1,629	1,557	1,596	2,001	1,709	1,731	1,777
Long-Term Debt	980	978	979	1,425	1,149	1,136	1,116
Noncurrent Deferred & Payable Income Tax Liabilities	63	84	81	73	72	99	80
Other Noncurrent Operating Liabilities	586	495	536	503	488	496	581
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,923	1,907	1,970	2,022	2,044	2,243	2,341
Total Preferred & Common Equity	1,650	1,719	1,797	1,883	1,951	2,142	2,251
Total Common Equity	1,650	1,719	1,797	1,883	1,951	2,142	2,251
Common Stock	1,130	1,258	1,268	1,214	1,232	1,264	1,288
Retained Earnings	898	780	831	1,000	1,038	1,207	1,261
Accumulated Other Comprehensive Income / (Loss)	-378	-319	-302	-331	-319	-329	-298
Noncontrolling Interest	273	188	173	139	93	101	90

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

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

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

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

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 Fluor's forecast for analyst expectations on what’s next for the company.

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 5/5/2025 by MarketBeat.com Staff

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Fluor (FLR) Financials

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