FLUOR CORP
FLR · Heavy Construction Other Than Bldg Const - Contractors · 139.7M shares · +2%/yr ↑ shares · EDGAR filings ↗
Reference price $11.81 · est. market cap ~$1.6B — last insider sale, 2026-04-21 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D51Large global EPC firm with a fortress balance sheet but a 2025 loss year driven by the Santos judgment and project setbacks.
Strengths
- Exceptional liquidity: $2.7B cash (100th pct), current ratio 90th pct, plus ~$2B NuScale monetization
- Large reimbursable-heavy backlog ($25.5B, 81% reimbursable) and diversified end markets
Risks
- Net/operating margins and ROE negative after $643M Santos revenue reversal; FCF -$437M (11th pct)
- Revenue down 5%, new awards down, and earnings volatility from legacy lump-sum project risk
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -0.3%)
- Cash burnNegative free cash flow (-437.0M)
- Strong balance sheetStrong balance sheet — $2.7B cash & investments, ~25 quarters of runway
- Revenue declineRevenue -12.3% YoY
- Insider sellingInsider selling — 18 open-market sale(s) by 9 insider(s) (cluster of 9 insiders, ~$1.8B, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
-0.8%
Operating margin
-2.4%
Net margin
-0.3%
Return on equity
-1.6%
Return on assets
-0.6%
ROIC
-6.9%
Revenue growth (QoQ)
-12.3%
Net-income growth
-102.4%
Debt / equity
0.3×
Current ratio
1.9×
Free cash flow
-$437M
EBITDA
-$310M
Tangible book value
$3.2B
Cash & investments
$2.7B
Cash runway
25q
Stock comp / revenue
0.2%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-06 | ROSE MATTHEW K | Grant | 3.5K | — |
| 2026-05-06 | CARD ROBERT G | Grant | 3.5K | — |
| 2026-05-06 | HACKETT JAMES T | Grant | 3.5K | — |
| 2026-05-06 | BENNETT ALAN M | Grant | 3.5K | — |
| 2026-05-06 | BERKERY ROSEMARY T | Grant | 3.5K | — |
| 2026-05-06 | EBERHART PAULETT | Grant | 3.5K | — |
| 2026-05-06 | Blankenship Charles P | Grant | 3.5K | — |
| 2026-05-06 | McClure Teri P | Grant | 3.5K | — |
| 2026-05-06 | Glatch Lisa | Grant | 3.5K | — |
| 2026-04-21 | FLUOR CORP | Sell | 13.5M | $11.81 |
| 2026-04-15 | FLUOR CORP | Sell | 12.9M | $11.63 |
| 2026-04-09 | FLUOR CORP | Sell | 13.5M | $12.07 |
| 2026-03-10 | Collins Alvin C III | Sell | 16K | $45.62 |
| 2026-03-06 | Regan John C | Tax withheld | 9.3K | $45.08 |
| 2026-03-06 | Davies Nicole | Tax withheld | 1.0K | $45.08 |
| 2026-03-06 | Alexander Michael E. | Tax withheld | 1.5K | $45.08 |
| 2026-03-06 | Hammonds Kevin B | Tax withheld | 1.3K | $45.08 |
| 2026-03-06 | Morgan Anthony | Tax withheld | 680 | $45.08 |
| 2026-03-06 | Cook Tracey H | Tax withheld | 295 | $45.08 |
| 2026-03-06 | Bechelany Pierre Edward | Tax withheld | 1.9K | $45.08 |
| 2026-03-06 | Constable David E | Tax withheld | 92K | $45.08 |
| 2026-03-06 | Davies Nicole | Tax withheld | 377 | $45.08 |
| 2026-03-06 | Alexander Michael E. | Tax withheld | 678 | $45.08 |
| 2026-03-06 | Hammonds Kevin B | Tax withheld | 845 | $45.08 |
| 2026-03-06 | Morgan Anthony | Sell | 8.5K | $44.78 |
| 2026-03-06 | Morgan Anthony | Tax withheld | 1.3K | $45.08 |
| 2026-03-06 | Collins Alvin C III | Tax withheld | 7.7K | $45.08 |
| 2026-03-06 | Breuer James R | Tax withheld | 14K | $45.08 |
| 2026-03-06 | Cook Tracey H | Tax withheld | 276 | $45.08 |
| 2026-03-04 | CARD ROBERT G | Grant | 658 | — |
| 2026-02-27 | Regan John C | Sell | 3.9K | $52.21 |
| 2026-02-27 | Regan John C | Sell | 8.1K | $51.41 |
| 2026-02-26 | Regan John C | Sell | 17K | $52.74 |
| 2026-02-26 | FLUOR CORP | Sell | 464K | $13.15 |
| 2026-02-26 | Regan John C | Option exercise | 17K | $17.96 |
| 2026-02-23 | Morgan Anthony | Sell | 3.4K | $53.09 |
| 2026-02-23 | Alexander Michael E. | Option exercise | 3.4K | $46.07 |
| 2026-02-23 | Alexander Michael E. | Sell | 3.4K | $53.07 |
| 2026-02-23 | Morgan Anthony | Option exercise | 3.4K | $46.07 |
| 2026-02-20 | Hammonds Kevin B | Option exercise | 3.0K | $46.07 |
| 2026-02-20 | Hammonds Kevin B | Sell | 3.0K | $52.61 |
| 2026-02-20 | Davies Nicole | Grant | 7.0K | — |
| 2026-02-20 | Bechelany Pierre Edward | Grant | 10K | — |
| 2026-02-20 | Elliott James Paul | Grant | 1.9K | — |
| 2026-02-20 | Collins Alvin C III | Grant | 13K | — |
| 2026-02-20 | Breuer James R | Grant | 61K | — |
| 2026-02-20 | Alexander Michael E. | Grant | 13K | — |
| 2026-02-20 | Cook Tracey H | Grant | 7.0K | — |
| 2026-02-20 | Regan John C | Grant | 15K | — |
| 2026-02-20 | Hammonds Kevin B | Grant | 12K | — |
| 2026-02-20 | Morgan Anthony | Grant | 13K | — |
| 2026-02-19 | Cook Tracey H | Sell | 2.6K | $53.22 |
| 2026-02-19 | Bechelany Pierre Edward | Option exercise | 4.6K | $46.07 |
| 2026-02-19 | Bechelany Pierre Edward | Sell | 4.6K | $53.10 |
| 2026-02-19 | Fields Mark E | Option exercise | 5.2K | $46.07 |
| 2026-02-19 | Fields Mark E | Sell | 2.1K | $51.58 |
| 2026-02-19 | Fields Mark E | Sell | 2.3K | $52.68 |
| 2026-02-19 | Fields Mark E | Sell | 801 | $53.43 |
| 2026-02-19 | Cook Tracey H | Option exercise | 2.6K | $46.07 |
| 2026-02-16 | Constable David E | Grant | 156K | — |
| 2026-02-16 | Collins Alvin C III | Grant | 17K | — |
| 2026-02-16 | Breuer James R | Grant | 17K | — |
| 2026-02-16 | Fields Mark E | Grant | 17K | — |
| 2026-02-16 | Regan John C | Grant | 16K | — |
| 2026-02-13 | FLUOR CORP | Sell | 71.0M | $19.05 |
| 2026-01-31 | Cook Tracey H | Option exercise | 1.5K | — |
| 2026-01-31 | Cook Tracey H | Disposition | 1.5K | $46.19 |
| 2025-12-23 | Constable David E | Tax withheld | 12K | $40.90 |
| 2025-11-21 | FLUOR CORP | Conversion | 464K | — |
| 2025-11-07 | FLUOR CORP | Conversion | 110.9M | — |
| 2025-10-08 | FLUOR CORP | Sell | 23K | $40.03 |
| 2025-10-08 | FLUOR CORP | Sell | 65K | $39.42 |
| 2025-10-07 | FLUOR CORP | Sell | 122K | $41.35 |
| 2025-10-07 | FLUOR CORP | Sell | 144K | $42.65 |
| 2025-10-07 | FLUOR CORP | Sell | 1.5K | $43.13 |
| 2025-10-07 | FLUOR CORP | Sell | 304K | $39.51 |
| 2025-10-07 | FLUOR CORP | Sell | 249K | $40.61 |
| 2025-10-06 | FLUOR CORP | Sell | 398K | $42.02 |
| 2025-10-06 | FLUOR CORP | Sell | 418K | $42.67 |
| 2025-10-06 | FLUOR CORP | Sell | 38K | $43.62 |
| 2025-10-03 | FLUOR CORP | Sell | 255K | $39.28 |
| 2025-10-03 | FLUOR CORP | Sell | 459K | $40.19 |
| 2025-10-03 | FLUOR CORP | Sell | 83K | $40.90 |
| 2025-10-02 | FLUOR CORP | Sell | 257K | $37.45 |
| 2025-10-02 | FLUOR CORP | Sell | 382K | $38.54 |
| 2025-10-02 | FLUOR CORP | Sell | 226K | $39.33 |
| 2025-10-01 | FLUOR CORP | Sell | 419K | $36.70 |
| 2025-10-01 | FLUOR CORP | Sell | 113K | $35.86 |
| 2025-09-30 | FLUOR CORP | Sell | 589K | $36.47 |
| 2025-09-30 | FLUOR CORP | Sell | 320K | $37.17 |
| 2025-09-29 | FLUOR CORP | Sell | 62K | $40.05 |
| 2025-09-29 | FLUOR CORP | Sell | 310K | $39.36 |
| 2025-09-29 | FLUOR CORP | Sell | 325K | $38.34 |
| 2025-09-26 | FLUOR CORP | Sell | 288K | $38.25 |
| 2025-09-26 | FLUOR CORP | Sell | 301K | $37.71 |
| 2025-09-25 | FLUOR CORP | Sell | 591K | $37.77 |
| 2025-09-25 | FLUOR CORP | Sell | 224K | $36.82 |
| 2025-09-25 | FLUOR CORP | Sell | 148K | $38.57 |
| 2025-09-25 | FLUOR CORP | Sell | 1.4K | $39.22 |
| 2025-09-24 | FLUOR CORP | Sell | 246K | $39.74 |
| 2025-09-24 | FLUOR CORP | Sell | 431K | $40.64 |
| 2025-09-24 | FLUOR CORP | Sell | 266 | $42.31 |
| 2025-09-24 | FLUOR CORP | Sell | 97K | $41.74 |
| 2025-09-23 | FLUOR CORP | Sell | 405K | $41.89 |
| 2025-09-23 | FLUOR CORP | Sell | 269K | $43.68 |
| 2025-09-23 | FLUOR CORP | Sell | 307K | $42.88 |
| 2025-09-22 | FLUOR CORP | Sell | 346K | $44.01 |
| 2025-09-22 | FLUOR CORP | Sell | 100K | $42.84 |
| 2025-09-22 | FLUOR CORP | Sell | 372K | $44.80 |
| 2025-09-22 | FLUOR CORP | Sell | 228K | $45.71 |
| 2025-09-22 | FLUOR CORP | Sell | 166K | $46.68 |
| 2025-09-22 | FLUOR CORP | Sell | 100 | $47.26 |
| 2025-09-19 | FLUOR CORP | Sell | 500K | $45.61 |
| 2025-09-19 | FLUOR CORP | Sell | 457K | $44.79 |
| 2025-09-19 | FLUOR CORP | Sell | 296K | $46.75 |
| 2025-09-19 | FLUOR CORP | Sell | 150K | $42.92 |
| 2025-09-19 | FLUOR CORP | Sell | 437K | $43.67 |
| 2025-09-19 | FLUOR CORP | Sell | 242K | $41.76 |
| 2025-09-19 | FLUOR CORP | Sell | 62K | $40.55 |
| 2025-09-19 | FLUOR CORP | Sell | 228K | $39.88 |
| 2025-09-18 | FLUOR CORP | Sell | 121K | $36.96 |
| 2025-09-18 | FLUOR CORP | Sell | 287K | $39.08 |
| 2025-09-18 | FLUOR CORP | Sell | 113K | $40.59 |
| 2025-09-18 | FLUOR CORP | Sell | 351K | $39.97 |
| 2025-09-18 | FLUOR CORP | Sell | 322K | $37.90 |
| 2025-09-17 | FLUOR CORP | Sell | 167K | $36.36 |
| 2025-09-17 | FLUOR CORP | Sell | 410K | $35.86 |
| 2025-09-16 | FLUOR CORP | Sell | 6.6K | $37.97 |
| 2025-09-16 | FLUOR CORP | Sell | 765K | $37.25 |
| 2025-08-12 | FLUOR CORP | Conversion | 15.0M | — |
| 2025-07-03 | Constable David E | Sell | 39K | $52.11 |
| 2025-07-03 | Collins Alvin C III | Sell | 3.0K | $52.13 |
| 2025-07-03 | Collins Alvin C III | Option exercise | 3.0K | $46.07 |
| 2025-06-16 | Constable David E | Sell | 40K | $50.15 |
| 2025-06-11 | Constable David E | Sell | 41K | $49.00 |
| 2025-06-09 | Collins Alvin C III | Sell | 19K | $45.43 |
| 2025-05-06 | Cook Tracey H | Grant | 3.2K | — |
| 2025-04-30 | EBERHART PAULETT | Grant | 4.9K | — |
| 2025-04-30 | Blankenship Charles P | Grant | 4.9K | — |
| 2025-04-30 | McClure Teri P | Grant | 4.9K | — |
| 2025-04-30 | Leppert Thomas C | Grant | 4.9K | — |
| 2025-04-30 | ROSE MATTHEW K | Grant | 4.9K | — |
| 2025-04-30 | HACKETT JAMES T | Grant | 4.9K | — |
| 2025-04-30 | BERKERY ROSEMARY T | Grant | 4.9K | — |
| 2025-04-30 | BENNETT ALAN M | Grant | 4.9K | — |
| 2025-04-30 | Glatch Lisa | Grant | 4.9K | — |
| 2025-03-06 | Regan John C | Tax withheld | 11K | $36.58 |
| 2025-03-06 | Fields Mark E | Tax withheld | 13K | $36.58 |
| 2025-03-06 | Alexander Michael E. | Tax withheld | 1.9K | $36.58 |
| 2025-03-06 | Morgan Anthony | Tax withheld | 1.6K | $36.58 |
| 2025-03-06 | Hammonds Kevin B | Tax withheld | 911 | $36.58 |
| 2025-03-06 | Constable David E | Tax withheld | 144K | $36.58 |
| 2025-03-06 | Breuer James R | Tax withheld | 12K | $36.58 |
| 2025-03-06 | Dillow Stacy L | Tax withheld | 13K | $36.58 |
| 2025-03-06 | Collins Alvin C III | Tax withheld | 8.3K | $36.58 |
| 2025-03-06 | Davies Nicole | Tax withheld | 680 | $36.58 |
| 2025-03-03 | Blankenship Charles P | Grant | 767 | — |
| 2025-02-21 | Morgan Anthony | Grant | 8.3K | — |
| 2025-02-21 | Alexander Michael E. | Grant | 8.3K | — |
| 2025-02-21 | Hammonds Kevin B | Grant | 8.3K | — |
| 2025-02-21 | Dillow Stacy L | Grant | 10K | — |
| 2025-02-21 | Collins Alvin C III | Grant | 10K | — |
| 2025-02-21 | Regan John C | Grant | 13K | — |
| 2025-02-21 | Fields Mark E | Grant | 13K | — |
| 2025-02-21 | Breuer James R | Grant | 37K | — |
| 2025-02-21 | Constable David E | Grant | 70K | — |
| 2025-02-17 | Collins Alvin C III | Grant | 20K | — |
| 2025-02-17 | Breuer James R | Grant | 20K | — |
| 2025-02-17 | Regan John C | Grant | 27K | — |
| 2025-02-17 | Dillow Stacy L | Grant | 30K | — |
| 2025-02-17 | D'Agostino Thomas P | Grant | 30K | — |
| 2025-02-17 | Brennan Joseph L | Grant | 30K | — |
| 2025-02-17 | Fields Mark E | Grant | 30K | — |
| 2025-02-17 | Constable David E | Grant | 261K | — |
| 2025-01-31 | Morgan Anthony | Option exercise | 2.3K | — |
| 2025-01-31 | Morgan Anthony | Disposition | 2.3K | $48.21 |
| 2025-01-31 | Hammonds Kevin B | Option exercise | 1.9K | — |
| 2025-01-31 | Hammonds Kevin B | Disposition | 1.9K | $48.21 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (3)
- NuScale Power
- Santos
- U.S. Department of Energy (DOE)
Suppliers (1)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-08 | ResultsShareholder voteExhibits | filing ↗ |
| 2026-04-30 | Exec/director change | filing ↗ |
| 2026-04-23 | Reg FD | filing ↗ |
| 2026-03-09 | Exec/director change | filing ↗ |
| 2026-02-17 | ResultsExhibits | filing ↗ |
| 2026-02-05 | Exec/director change | filing ↗ |
| 2025-11-07 | ResultsExhibits | filing ↗ |
| 2025-10-21 | Exec/director change | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-08 | 2026-05-06 | 0001124198-26-000063 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001124198-26-000061 ↗ |
| 8-K | 2026-04-30 | 2026-04-26 | 0001124198-26-000056 ↗ |
| 8-K | 2026-04-23 | 2026-04-23 | 0001124198-26-000051 ↗ |
| 8-K | 2026-03-09 | 2026-03-03 | 0001124198-26-000031 ↗ |
| 10-K/A | 2026-03-02 | 2025-12-31 | 0001124198-26-000025 ↗ |
| 8-K | 2026-02-17 | 2026-02-17 | 0001124198-26-000006 ↗ |
| 10-K | 2026-02-17 | 2025-12-31 | 0001124198-26-000007 ↗ |
| 8-K | 2026-02-05 | 2026-02-03 | 0001124198-26-000005 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001124198-25-000073 ↗ |
| 8-K | 2025-11-07 | 2025-11-07 | 0001124198-25-000076 ↗ |
| 8-K | 2025-10-21 | 2025-10-17 | 0001124198-25-000067 ↗ |