Fluor Corporation Common Stock (FLR)

FairStock Score: 29/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Fluor as a Graham-and-Buffett style investor would: first ask whether it is a good business, then whether the price is sensible. Engineering and construction can be competitive and project-risk heavy, with thin margins. In the latest quarter, fiscal Q2 2026 ended 2026-06-30, revenue was $4.3B and net income $114.0M, or diluted EPS $0.81, a roughly 2.6% margin. That is encouraging after fiscal 2025, the year ended 2025-12-31, produced revenue of $15.5B and a net loss of $51.0M, or diluted EPS -$0.31. The swings have been violent: fiscal Q3 2025 ended 2025-09-30 lost $697.0M, while fiscal Q2 2025 ended 2025-06-30 earned $2.5B. Fiscal Q1 2026 ended 2026-03-31 earned $160.0M. So the Lynch category, TURNAROUND - loss in the latest year after earlier profits - fits. Financial health is mixed. Debt-to-equity is modest at 0.38, but trailing free cash flow is negative $330.0M and FCF yield is -5.0%. FairStock calculations at the $49.75 close on 2026-10-13 show P/B 2.51, ROE -45.17%, ROCE -1.93%, Piotroski 5/9, and Altman 2.43. Fiscal 2025 revenue of $15.5B was below fiscal 2024 revenue of $16.3B. On asset value, the stock is not cheap; on normalized earning power, the market is already assuming the turnaround succeeds. I would want consistent cash generation and evidence that project execution risk is under control before calling this a margin-of-safety bargain.

In plain English: Fluor helps companies build large engineering and construction projects in energy, mining, infrastructure, and missions. The business has been uneven: it lost money in the latest full year after a profitable one, but it has made money in the first two quarters of the new year. At the recent price, it looks expensive compared with its accounting value and it is burning cash, so the price does not look cheap.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer