Fluor
Delivers engineering and construction projects across industrial, energy and government markets.
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Profile
Provides engineering, procurement, construction, project-management and maintenance services across advanced manufacturing, mining, infrastructure, energy and government missions worldwide. Fees and labor markups come largely through reimbursable project contracts, with operations organized into Urban Solutions, Energy Solutions and Mission Solutions.
Provides engineering, procurement, construction, project-management, commissioning and maintenance services for large capital projects worldwide. Urban Solutions serves advanced technologies and manufacturing, data centers, life sciences, mining and metals, infrastructure and professional staffing; Energy Solutions covers oil and gas, chemicals, LNG, power and lower-carbon projects; Mission Solutions supports government nuclear, environmental, national-security and emergency-response programs.
A distributed execution platform, global sourcing network and experience mobilizing teams in remote or difficult locations underpin delivery across a project's life cycle. Revenue comes from negotiated fees, labor markups and project execution under reimbursable, lump-sum and hybrid contracts.
Most backlog uses reimbursable terms, while fixed-price work leaves the contractor exposed to schedule assumptions and unrecovered cost overruns. Government work is subject to procurement, security and export-control rules and can be modified or terminated by clients.
Company facts
Key statistics
Year to date +27.8% · Average volume (30d) 2.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 10, 2026 | Truist Financial | Target | $64 | $71 | |
| Aug 10, 2026 | UBS | Reiterate | Buy | $57 | $66 |
| Aug 10, 2026 | Barclays | Reiterate | Equal Weight | $40 | $50 |
| Jul 2, 2026 | Truist Financial | Target | $59 | $64 | |
| Feb 19, 2026 | DA Davidson | Reiterate | Buy | $58 | $60 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 7, 2026Q2 FY26 | $0.70 | $0.91 | +29.8% | $3.92B | $4.33B | +10.3% | +16.92% |
| May 8, 2026Q1 FY26 | $0.66 | $0.14 | −78.8% | $3.89B | $3.66B | −5.9% | +0.88% |
| Feb 17, 2026Q4 FY25 | $0.34 | $0.33 | −2.9% | $4.29B | $4.18B | −2.6% | +4.26% |
| Nov 7, 2025Q3 FY25 | $0.45 | $0.68 | +51.1% | $4.20B | $3.37B | −19.8% | −0.28% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.98B | $3.98B | $3.37B | $4.18B | $3.66B | $4.33B | |
| Gross profit | $140.0M | $56.0M | −$449.0M | $133.0M | $13.0M | $179.0M | |
| Operating income | $91.0M | −$26.0M | −$496.0M | $53.0M | −$48.0M | $135.0M | |
| Net income | −$241.0M | $2.46B | −$697.0M | −$1.57B | $160.0M | $114.0M | |
| Diluted EPS | −$1.37 | $14.81 | −$4.30 | −$9.45 | $0.91 | $0.81 | |
| Gross margin | 3.5% | 1.4% | -13.3% | 3.2% | 0.4% | 4.1% | |
| Operating margin | 2.3% | -0.7% | -14.7% | 1.3% | -1.3% | 3.1% |
Fiscal years (4-quarter sums)FY21 $13.69B · FY22 $13.74B · FY23 $15.47B · FY24 $16.32B · FY25 $15.50B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $3.04B · Total debt $1.07B · Total assets $7.54B · Shareholders' equity $2.69B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 139.67M · Float 137.48M · 98.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 19.21M | 13.76% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 6.72M | 4.81% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 6.30M | 4.51% | 13F | Aug 13, 2026 |
| State Street Corp | 5.62M | 4.02% | 13F | Aug 7, 2026 |
| Rubric Capital Management LP | 5.02M | 3.59% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 7, 2026 | Pierre Edward Bechelany | officer: Group President | −5,000 | $55.24 |
| Mar 10, 2026 | Alvin C. III Collins | officer: GROUP PRESIDENT | −15,610 | $45.62 |
| Mar 6, 2026 | Anthony Morgan | officer: GROUP PRESIDENT | −8,500 | $44.78 |
| Feb 27, 2026 | John C. Regan | officer: CHIEF FINANCIAL OFFICER | −11,989 | $51.67 |
| Feb 26, 2026 | John C. Regan | officer: CHIEF FINANCIAL OFFICER | −16,773 | $52.74 |
Peers
- Jacobs Solutions
Broad peer in advanced facilities and infrastructure consulting
- AECOM
Infrastructure lifecycle rival in design and program management
- KBR
Dual overlap in government missions and energy technology
- Quanta Services
Utility and energy-infrastructure rival for large projects
- Amentum
Mission and environmental-engineering peer for government work
- Tetra Tech
Water, environmental and federal engineering competitor
- Parsons
Federal and critical-infrastructure services competitor
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Fluor | $53.27 | −0.05% | $7.44B | — | 16.5 | 0.5 | +8.8% |
| Jacobs Solutions | $151.98 | −0.01% | $17.95B | 53.3 | 18.9 | 1.3 | −20.2% |
| AECOM | $69.38 | +0.29% | $8.89B | 31.7 | 11.2 | 0.6 | −61.5% |
| KBR | $38.25 | +0.60% | $4.79B | 11.5 | 9.2 | 0.6 | +1.6% |
| Quanta Services | $603.00 | +0.10% | $90.61B | 69.0 | 33.5 | 2.8 | +41.1% |
| Amentum | $20.40 | +0.29% | $4.96B | 24.5 | 8.0 | 0.4 | −2.0% |
| Tetra Tech | $36.54 | 0.00% | $9.48B | 22.0 | 21.6 | 1.9 | −19.0% |
| Parsons | $49.00 | 0.00% | $5.23B | 33.8 | 14.8 | 0.8 | −0.5% |
| Median | 31.7 | 14.8 | 0.8 | −2.0% |









