FLRNYSEHeavy Construction Other Than Bldg Const - ContractorsUS GAAP · USD

Fluor Corporation

Fluor Corp is a U.S.-based engineering, procurement and construction (EPC) and project management company that designs and delivers complex industrial and infrastructure projects. It serves clients in energy, chemicals, LNG, mining and metals, life sciences, advanced manufacturing, data centers, and government programs through its Urban Solutions, Energy Solutions and Mission Solutions segments.

Kysy yhtiöstä
Liikevaihto15,5mrd USD
−5,0 %v/v
Liikevoitto (EBIT)−378milj. USD
−181,6 %v/v
EBIT-marginaali−2,4%
−5,3 %-yks.v/v
Nettotulos−51,0milj. USD
−102,4 %v/v
Vapaa kassavirta−437milj. USD
−165,8 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−505101520mrd USD2020: 14,2 mrd USD2020: EBIT 0,32 mrd USD20202021: 14,2 mrd USD2021: EBIT −0,27 mrd USD20212022: 13,7 mrd USD2022: EBIT 0,21 mrd USD20222023: 15,5 mrd USD2023: EBIT 0,15 mrd USD20232024: 16,3 mrd USD2024: EBIT 0,46 mrd USD20242025: 15,5 mrd USD2025: EBIT −0,38 mrd USD202515,5−0,38
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Fluor Corporation

Liiketoiminta

Osuus liikevaihdosta
Urban Solutions40 %

Engineering, EPC and project management for advanced manufacturing, life sciences, data centers, semiconductors, mining and infrastructure.

Energy Solutions35 %

Projects for LNG, low-carbon power, gas, nuclear-derived power, chemicals and traditional oil and gas markets.

Mission Solutions20 %

Services for U.S. federal and other government customers, including national security and DOE-related work.

Other5 %

Non-core activities, legacy items and immaterial remaining operations.

Asiakkaat

Fluor sells to capital-intensive customers that need large, technically complex projects executed safely and on schedule. Its buyers include industrial companies, energy producers, life sciences and advanced technology firms, mining companies, and government agencies that outsource design, construction and project management expertise.

Industrial and advanced manufacturing clients

Buy front-end engineering, EPC and program management for factories, data centers, semiconductors and specialty manufacturing sites to accelerate time to market.

Energy and chemicals customers

Buy LNG, low-carbon power, gas, nuclear-derived power, chemicals and oil and gas project delivery to expand or modernize assets.

Life sciences companies

Buy validated facilities, commissioning and EPC services for pharmaceutical, biotech, medical device and animal health projects.

Government and national security agencies

Buy mission-critical project and technical services, including DOE-related and defense-adjacent programs.

Mining and metals operators

Buy engineering and project execution for critical metals, minerals and industrial processing assets.

Strategia

Fluor is prioritizing growth in higher-opportunity end markets such as energy addition, low-carbon power, LNG, sustainable chemicals, data centers, semiconductors, critical metals and minerals, and national security. The strategy is to balance that growth with a continued presence in traditional oil and gas, chemicals, mining and life sciences, while using project execution discipline to protect margins and backlog quality.

Grow in targeted high-demand end marketsKeskipitkä aikaväli

These markets offer larger project pipelines and better long-term demand than purely cyclical legacy sectors.

Protect execution quality and project marginsLyhyt aikaväli

EPC profitability depends on accurate estimating, disciplined contracting and avoiding cost overruns.

Maintain a balanced portfolio across sectorsKeskipitkä aikaväli

Diversification reduces dependence on any single commodity cycle or customer capital-spending cycle.

Maantiede

Fluor operates globally, with new awards and project execution spanning the U.S. and international markets. The company disclosed that 30% of 2025 new awards were outside the U.S., highlighting meaningful exposure to foreign currencies, political conditions and cross-border project execution.

Riskit

Fluor is exposed to cyclical capital spending, so demand can weaken when customers delay large projects during recessions, inflation spikes or commodity downturns. Its EPC model also carries project-specific risk from fixed-price or guaranteed maximum price contracts, subcontractor performance, joint ventures, and the need to estimate costs and schedules accurately.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Cyclical end-market demand1Project cost overruns and schedule delays2Dependence on new awards3Joint venture and subcontractor performance4International operating risk5Cybersecurity and IT disruption6
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Cyclical end-market demandVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Customers reduce capital spending in weak economic or commodity environments, lowering new awards and backlog.

    KohdistuuEnergyChemicalsMiningInfrastructure
  2. Project cost overruns and schedule delaysVaikutus: KorkeaTodennäköisyys: Kohtalainen

    EPC contracts require accurate estimates; errors can force margin erosion or total project losses.

    Kohdistuu: Lump-sum and guaranteed maximum price contracts

  3. Dependence on new awardsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Revenue and earnings rely on winning new large projects to replace completed backlog.

    Kohdistuu: All segments

  4. Joint venture and subcontractor performanceVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Partners may underperform or fail to meet obligations, creating additional cost or delivery burdens.

    Kohdistuu: Large international and infrastructure projects

  5. International operating riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Foreign projects face political, regulatory, currency and supply-chain disruptions.

    Kohdistuu: Non-U.S. awards and project execution

  6. Cybersecurity and IT disruptionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Project delivery depends on systems, data and communications; breaches can cause downtime and remediation costs.

    Kohdistuu: Enterprise systems and project controls

Kysy Clarifolta: Fluor Corporation

Kirjanpito

Harkinnanvaraiset erät
Percentage-of-completion revenue recognition

Profit depends on management's estimates of total contract revenue and cost to complete.

Vaikutus: Can accelerate or defer revenue and margin recognition

At-cost revenue

A large portion of revenue may pass through with little or no margin, affecting revenue quality analysis.

Vaikutus: GAAP revenue can overstate fee-generating activity

Loss contract accruals

Expected project losses must be recognized when identified, which can create sudden margin hits.

Vaikutus: Can materially reduce earnings in a single period

Fair value measurement of NuScale investment

Mark-to-market accounting can create volatility unrelated to core EPC operations.

Vaikutus: Non-operating gains and losses can distort net income

Seasonality and working capital timing

Operating cash flow is typically weaker in the first half of the year due to incentive payouts and project working capital needs.

Vaikutus: Quarterly cash flow comparability is limited

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Päivitetty: 24.9.2026

Fluor Corporation (FLR) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo