| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 65 | — | 17.3x | Around median | |
Growth | 18 | -4.8% | 7.1% | Bottom tier | |
Quality | 23 | 9.6% | 4.5% | Bottom tier | |
Safety | 43 | — | 2.6x | Around median | |
Capital Return | 58 | 0.00% | 0.06% | Around median | |
Momentum | 50 | 4.5% | -1.6% | Around median | |
Sentiment | 42 | 5 | 3 | Around median |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Fluor Corporation manages and executes complex engineering and construction projects across three segments: Urban Solutions, Energy Solutions, and Mission Solutions. Its operations span mining, metals, fertilizers, infrastructure, data centers, power, liquefied natural gas, nuclear energy, and government services. It generates revenue from front-end engineering studies, project management, and engineering, procurement, and construction contracts, with extensive reliance on cost-reimbursable contracts. Based on the company's assumptions for fiscal year 2026, revenue is distributed approximately 65% to Urban Solutions, 20% to Energy Solutions, and 15% to Mission Solutions.
In Q2 of fiscal year 2026, revenue rose 9% year over year to $4.3 billion, while gross profit reached $179 million, net income was $114 million, and reported earnings per share were $0.81. Adjusted earnings before interest, taxes, depreciation, and amortization were $149 million, compared with $96 million a year earlier, while adjusted earnings per share rose to $0.91 from $0.43. The segments generated profits of $38 million in Urban Solutions, $88 million in Energy Solutions, and $44 million in Mission Solutions, but the Urban Solutions result included an additional $44 million in losses on the Gordie Howe project.
Fluor ended Q2 of fiscal year 2026 with a backlog of $26.9 billion after booking more than $6 billion in new awards, despite removing more than $650 million associated with the former joint venture in Mexico. Remaining work on legacy projects declined to $120 million, with two projects completed during the quarter and the two remaining projects targeted for completion by the end of fiscal year 2026. By contrast, fiscal year 2025 data reveal significant historical volatility, with revenue of $15.5 billion, a gross loss of $120 million, and a net loss of $51 million.
The analyst consensus rates FLR shares a "Buy," with an average price target of $62.33 and a target range of $50 to $71. The average target exceeds the upper end of the 52-week range of $57.93, while the lowest target falls within the 52-week range of $39.33–$57.93, reflecting meaningful divergence in estimates of the value of the operational turnaround. No reliable positive earnings multiple is available, so the valuation depends on Fluor's ability to convert its $26.9 billion backlog into stable earnings and margins following the fiscal year 2025 losses and legacy project burdens.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
Revenue in Q2 of fiscal year 2026 totaled approximately $4.3 billion, up 9% year over year, while adjusted earnings before interest, taxes, depreciation, and amortization rose to $149 million from $96 million. Net income was $114 million and reported earnings per share were $0.81, while adjusted earnings per share reached $0.91 versus $0.43 a year earlier. Energy Solutions contributed segment profit of $88 million, benefiting from project closeouts, while Urban Solutions and Mission Solutions generated approximately $38 million and $44 million, respectively.
Fluor booked more than $6 billion in new awards in Q2 of fiscal year 2026, raising backlog to $26.9 billion after excluding more than $650 million associated with the former joint venture in Mexico. The awards included work in nuclear fuel enrichment, copper, fertilizers, liquefied natural gas, and government projects, and management said the margins on new awards improved compared with the previous portfolio. However, several of these contracts will be executed over multiple years, and the company expects some work to reach peak execution in late 2027 and early 2028.
Automated analysis for informational purposes only — not investment advice.
Fluor is providing project management and engineering services under a limited notice to proceed for a TeraWulf data center in Kentucky and is working to finalize commercial terms for an engineering, procurement, and construction contract. Management views power generation as its strongest opportunity within the data center ecosystem, as it is working on a combined-cycle project on the East Coast, a proposal for two simple-cycle projects in the Midwest, and a standardized combined-cycle design for a third client. The company expects this early-stage work to lead to meaningful backlog additions during the first half of 2027, while continuing to selectively pursue data center projects that meet its risk and return criteria.
In Q2 of fiscal year 2026, Fluor booked Centrus's fuel enrichment facility project after at least six months of early work, and hundreds of employees are involved in execution, with some procurement already underway. Management expects a portion of revenue to be recognized during fiscal year 2026, with execution becoming more substantial in 2027 and beyond. Other nuclear work includes the X-energy Dow study and the cost estimate for the Cernavoda project in Romania, alongside experience designing or building 21 nuclear plants and providing services to more than 90 reactors within the United States.
The Gordie Howe project incurred an additional $44 million in losses in Q2 of fiscal year 2026 due to currency volatility, a subcontractor bankruptcy, and client-requested changes. There was $120 million of remaining backlog on legacy projects, with approximately $94 million in expected future funding for loss projects after $96 million was funded during the quarter. Additional scope negotiations may also affect the mining project's schedule, while the company is monitoring supply chain disruptions and uncertainty in the Middle East despite its outlook not being directly affected by the conflict through August 7, 2026.
Fluor expects adjusted earnings before interest, taxes, depreciation, and amortization of $500 million to $525 million and adjusted earnings per share of $2.70 to $2.80 in fiscal year 2026. It also expects adjusted operating cash flow of $300 million to $320 million and a new awards-to-revenue ratio well above 1. During Q2, it repurchased 6 million shares for $300 million and still plans total repurchases of $1.4 billion during fiscal year 2026.