Fluor (NYSE:FLR) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Fluor (NYSE:FLR) issued its quarterly earnings results on Tuesday. The construction company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01), FiscalAI reports. Fluor had a return on equity of 8.32% and a net margin of 21.71%.The company had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter last year, the company earned $0.48 EPS. Fluor’s revenue for the quarter was down 2.0% compared to the same quarter last year.

Here are the key takeaways from Fluor’s conference call:

• Fluor completed a major NuScale monetization (≈$2B received since Sept 2025) and executed substantial share repurchases ($754M in 2025, +$335M YTD 2026), enabling a planned $1.4B buyback program for 2026.
• The company finished 2025 with a $25.5B backlog (81% reimbursable), sees improving client confidence and pipeline conversion (Book‑to‑Burn >1 for 2026), and set 2026 guidance of adjusted EBITDA $525–585M and adjusted EPS $2.60–3 (assuming full repurchases).
• The Santos ruling and payment resulted in a $643M revenue reduction and contributed to a -$387M 2025 operating cash flow; Fluor expects roughly $220M of legacy/lost‑project funding in 2026 and limited appeal/insurance updates until H2 2026.
• Segment performance was mixed: Energy Solutions reported a $414M loss largely tied to Santos but saw underlying strength otherwise, Urban absorbed $108M of cost growth on three infrastructure projects while booking $8.7B of awards, and Mission remains steady with opportunities in nuclear fuels and government work.

Fluor Price Performance

Shares of NYSE:FLR opened at $48.49 on Wednesday. The company has a market cap of $7.82 billion, a P/E ratio of 2.47, a PEG ratio of 6.62 and a beta of 1.37. The company has a 50-day moving average price of $44.06 and a 200 day moving average price of $43.75. Fluor has a 52 week low of $29.20 and a 52 week high of $57.50. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.20.

Trending Headlines about Fluor

Here are the key news stories impacting Fluor this week:

• Positive Sentiment: Fluor received $1.35 billion by selling 71 million NuScale shares and launched a trading program for the remaining 40 million shares — a material liquidity event that reduces stake exposure and returns cash to the company, supporting valuation and possible capital allocation. Fluor Receives $1.35 Billion for 71 Million NuScale Shares
• Positive Sentiment: Management expressed growing confidence in capturing significant EPC awards in 2026–27 and said NuScale monetization is progressing — bullish for backlog and future revenue visibility if the market for capital spending continues to improve. Fluor Reports Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: Recent wins in nuclear and gold work signal improved project execution after prior setbacks — evidence that operations are stabilizing and could support margin recovery on future awards. Fluor’s Nuclear And Gold Wins Test Execution After Recent Losses
• Positive Sentiment: Analyst commentary (Zacks) highlights FLR’s recent momentum and valuation as a “bargain,” which can attract value and momentum investors if sentiment improves. Despite Fast-paced Momentum, Fluor (FLR) Is Still a Bargain Stock
• Neutral Sentiment: Full Q4 earnings call transcripts and slide deck published — useful for investors digging into guidance, backlog details and segment performance. Fluor Corporation (FLR) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Opinion pieces weigh whether recent infrastructure optimism makes FLR a buy now — these drive retail interest but are not new fundamental catalysts. Is It Too Late To Consider Fluor (FLR) After Recent Infrastructure Optimism?
• Negative Sentiment: Q4 results missed estimates: $0.33 EPS vs. $0.34 expected and revenue ~$4.17B vs. $4.27B expected; revenue was down ~2% YoY and EPS is materially below last year’s $0.48 — the miss triggered an immediate share sell-off. Fluor Q4 Earnings Summary Fluor drops almost 5% after Q4 earnings come in below forecasts
• Negative Sentiment: TipRanks flagged heightened risk from Fluor’s heavy reliance on U.S. federal contracts — concentration risk could pressure revenue stability and regulatory/reputational exposure if federal spending or procurement dynamics shift. Fluor’s Federal Contract Dependence Poses Risks

Institutional Investors Weigh In On Fluor

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rubric Capital Management LP purchased a new position in shares of Fluor in the 2nd quarter valued at about $205,080,000. AQR Capital Management LLC grew its position in Fluor by 163.1% during the fourth quarter. AQR Capital Management LLC now owns 5,167,676 shares of the construction company’s stock worth $204,795,000 after buying an additional 3,203,712 shares during the period. Sourcerock Group LLC purchased a new position in Fluor in the second quarter valued at about $85,327,000. Ameriprise Financial Inc. lifted its position in shares of Fluor by 361.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,507,442 shares of the construction company’s stock valued at $77,289,000 after acquiring an additional 1,180,838 shares during the period. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Fluor by 90.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,586,492 shares of the construction company’s stock worth $81,339,000 after acquiring an additional 755,337 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Fluor from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. DA Davidson increased their price objective on Fluor from $50.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fluor in a report on Monday, December 29th. UBS Group cut their price objective on shares of Fluor from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Finally, Truist Financial raised their price objective on Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $49.57.

About Fluor

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.