Fluor Corp (FLR) financial statements: income statement, balance sheet and cash flow
Fluor Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Fluor Corp reported revenue of $15.5B (-5.0% year on year) and net income of ($272.0M) (-1195.2% year on year).
Income statement
Fluor Corp income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$15.5B
$16.3B
$15.5B
$13.7B
Cost of revenue
($15.6B)
($15.7B)
($15.0B)
($13.4B)
Gross profit (loss)
($120.0M)
$574.0M
$477.0M
$355.0M
G&A
($196.0M)
($203.0M)
($232.0M)
($237.0M)
Foreign currency gain (loss)
($62.0M)
$92.0M
($98.0M)
$25.0M
Operating profit (loss)
($378.0M)
$463.0M
$147.0M
$209.0M
Interest expense
($42.0M)
($46.0M)
($60.0M)
($59.0M)
Interest income
$109.0M
$196.0M
$228.0M
$94.0M
Earnings (loss) before taxes
($311.0M)
$613.0M
—
—
Income tax benefit (expense) (including $92 million and $(376) million attributable to equity method earnings in 2025 and 2024, respectively)
$39.0M
($634.0M)
($236.0M)
($171.0M)
Net earnings (loss) before equity method earnings
($272.0M)
($21.0M)
—
—
Equity method earnings
$210.0M
$2.1B
—
—
Net earnings (loss)
($62.0M)
$2.1B
—
—
Less: Net earnings (loss) attributable to NCI
($11.0M)
($61.0M)
($60.0M)
($72.0M)
Net earnings (loss) attributable to Fluor
($51.0M)
$2.1B
$139.0M
$145.0M
Less: Dividends on CPS
$0
$0
$29.0M
$39.0M
Less: Make-whole payment on conversion of CPS
$0
$0
$27.0M
—
Net earnings (loss) available to Fluor common stockholders, basic
($51.0M)
$2.1B
$83.0M
$106.0M
Net earnings (loss) available to Fluor common stockholders, diluted
($51.0M)
$2.1B
$83.0M
$106.0M
Basic EPS available to Fluor common stockholders (in dollars per share)
-$0.31
$12.48
—
—
Diluted EPS available to Fluor common stockholders (in dollars per share)
-$0.31
$12.30
—
—
Fluor Corp income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$4.3B
$3.7B
$3.4B
$4.0B
Cost of revenue
($4.2B)
($3.6B)
($3.8B)
($3.9B)
Gross profit
$179.0M
$13.0M
($449.0M)
$56.0M
G&A
($41.0M)
($61.0M)
($43.0M)
($52.0M)
Gain on sale of CFHI
$0
$124.0M
—
—
Foreign currency gain (loss)
($3.0M)
$16.0M
($4.0M)
($30.0M)
Operating profit (loss)
$135.0M
$92.0M
($496.0M)
($26.0M)
Interest expense
($11.0M)
($10.0M)
($11.0M)
($9.0M)
Interest income
$32.0M
$25.0M
$24.0M
$26.0M
Earnings (loss) before taxes
$156.0M
$107.0M
($483.0M)
($9.0M)
Income tax expense
($25.0M)
$7.0M
$177.0M
($765.0M)
Net earnings (loss) before equity method earnings
$131.0M
$114.0M
($306.0M)
($774.0M)
Equity method earnings (loss)
($8.0M)
$51.0M
($401.0M)
$3.2B
Net earnings
$123.0M
$165.0M
($707.0M)
$2.4B
Less: Net earnings (loss) attributable to NCI
$9.0M
$5.0M
($10.0M)
($22.0M)
Net earnings attributable to Fluor
$114.0M
$160.0M
($697.0M)
$2.5B
Basic EPS (in dollars per share)
$0.82
$1.10
-$4.30
$14.93
Diluted EPS (in dollars per share)
$0.81
$1.08
-$4.30
$14.81
Balance sheet
Fluor Corp balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents ($328 and $333 related to VIEs)
$2.1B
$2.8B
$2.5B
$2.4B
Marketable securities
$59.0M
$130.0M
$69.0M
$185.0M
Accounts receivable, net ($142 and $92 related to VIEs)
$1.1B
$921.0M
$1.1B
$1.1B
Contract assets ($17 and $130 related to VIEs)
$1.1B
$1.1B
$991.0M
$915.0M
Investment in NuScale(1)
$1.6B
—
—
—
Other current assets ($26 and $32 related to VIEs)
$450.0M
$157.0M
$347.0M
$396.0M
Total current assets
$6.4B
$5.2B
$5.1B
$5.0B
PP&E, net ($41 and $46 related to VIEs)
$464.0M
$494.0M
$458.0M
$447.0M
Investments
$543.0M
$2.8B
$614.0M
$584.0M
Other assets ($17 related to VIEs for both periods)
$787.0M
$196.0M
$340.0M
$278.0M
Total noncurrent assets
$1.8B
$4.0B
$1.9B
$1.8B
Total assets
$8.2B
$9.1B
$7.0B
$6.8B
Accounts payable ($205 and $233 related to VIEs)
$1.5B
$1.2B
$1.2B
$1.0B
Contract liabilities ($254 and $278 related to VIEs)
$633.0M
$684.0M
$639.0M
$742.0M
Accrued salaries, wages and benefits ($9 and $18 related to VIEs)
$621.0M
$640.0M
$653.0M
$626.0M
Other accrued liabilities ($31 and $37 related to VIEs)
$642.0M
$527.0M
$657.0M
$679.0M
Total current liabilities
$3.4B
$3.1B
$3.2B
$3.2B
Long-term debt
$1.1B
$1.1B
$1.2B
$978.0M
Deferred taxes
$6.0M
$30.0M
$51.0M
$34.0M
Other noncurrent liabilities ($3 related to VIEs for both periods)
$505.0M
$508.0M
$530.0M
—
Common stock — authorized 375,000,000 shares ($0.01 par value); issued and outstanding — 152,047,739 and 169,228,759 shares in 2025 and 2024, respectively
2.0M
2.0M
2.0M
1.0M
APIC
$443.0M
$1.2B
$1.2B
$1.3B
AOCI
($265.0M)
($351.0M)
($269.0M)
($365.0M)
Retained earnings
$3.1B
$3.1B
$979.0M
$896.0M
Total shareholders' equity
$3.2B
$3.9B
$1.9B
$1.8B
NCI
$33.0M
$43.0M
$112.0M
$210.0M
Total equity
$3.3B
$4.0B
$2.1B
$2.0B
Total liabilities and equity
$8.2B
$9.1B
$7.0B
$6.8B
Fluor Corp balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents ($320 and $328 related to VIEs)
$2.9B
$3.2B
$2.8B
$2.2B
Marketable securities ($26 and $39 related to VIEs)
$120.0M
$52.0M
$53.0M
$99.0M
Accounts receivable, net ($134 and $142 related to VIEs)
$1.0B
$951.0M
$1.1B
$1.1B
Contract assets ($55 and $17 related to VIEs)
$1.4B
$1.2B
$1.4B
$1.5B
Investment in NuScale
$0
$433.0M
—
—
Other current assets ($17 and $26 related to VIEs)
$184.0M
$228.0M
$126.0M
$186.0M
Total current assets
$5.7B
$6.1B
$5.5B
$5.0B
PP&E, net ($40 and $41 related to VIEs)
$446.0M
$456.0M
$479.0M
$484.0M
Investments
$548.0M
$562.0M
$4.8B
$5.6B
Other assets ($7 and $17 related to VIEs)
$848.0M
$819.0M
$695.0M
$661.0M
Total noncurrent assets
$1.8B
$1.8B
$6.0B
$6.8B
Total assets
$7.5B
$7.9B
$11.5B
$11.8B
Accounts payable ($142 and $205 related to VIEs)
$1.8B
$1.6B
$1.5B
$1.4B
Contract liabilities ($163 and $254 related to VIEs)
$541.0M
$584.0M
$1.4B
$683.0M
Accrued salaries, wages and benefits ($11 and $9 related to VIEs in both periods)
$571.0M
$590.0M
$618.0M
$602.0M
Other accrued liabilities ($24 and $31 related to VIEs)
$296.0M
$613.0M
$268.0M
$378.0M
Total current liabilities
$3.2B
$3.4B
$3.8B
$3.1B
Long-term debt
$1.1B
$1.1B
$1.1B
$1.1B
Deferred taxes
$5.0M
$10.0M
$898.0M
$1.2B
Other noncurrent liabilities ($4 and $3 related to VIEs)
$504.0M
$478.0M
$489.0M
$478.0M
Common stock — authorized 375,000,000 shares ($0.01 par value); issued and outstanding — 135,564,463 and 152,047,739 shares in 2026 and 2025, respectively
1.0M
1.0M
2.0M
2.0M
APIC
$0
$0
$825.0M
$887.0M
AOCI
($293.0M)
($286.0M)
($283.0M)
($279.0M)
Retained earnings
$3.0B
$3.2B
$4.6B
$5.3B
Total shareholders’ equity
$2.7B
$2.9B
$5.2B
$5.9B
NCI
$99.0M
$79.0M
$41.0M
$29.0M
Total equity
$2.8B
$3.0B
$5.2B
$6.0B
Total liabilities and equity
$7.5B
$7.9B
$11.5B
$11.8B
Cash flow statement
Fluor Corp cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net earnings (loss)
($62.0M)
$2.1B
$79.0M
$73.0M
Equity method earnings, net of taxes
($302.0M)
($2.1B)
—
—
Depreciation and amortization
$68.0M
$73.0M
$74.0M
$73.0M
(Gain) loss on sales of assets
($7.0M)
($14.0M)
$150.0M
($35.0M)
Stock-based compensation
$30.0M
$31.0M
$48.0M
$19.0M
Deferred taxes
($511.0M)
$418.0M
($13.0M)
$17.0M
Changes in assets and liabilities
$402.0M
$347.0M
($114.0M)
($46.0M)
Other
($5.0M)
($6.0M)
($3.0M)
$13.0M
Operating cash flow
($387.0M)
$828.0M
$212.0M
$31.0M
Gain on the fair value of the forward sale contract of NuScale shares
605.0M
—
—
—
Purchases of marketable securities
($146.0M)
($205.0M)
($426.0M)
($428.0M)
Proceeds from sales and maturities of marketable securities
$221.0M
$145.0M
$285.0M
$364.0M
Capital expenditures
($50.0M)
($164.0M)
($106.0M)
($75.0M)
NuScale cash deconsolidated
$0
($131.0M)
—
—
Proceeds from sales of assets (net of cash divested)
$63.0M
$82.0M
($5.0M)
—
Investments in partnerships and joint ventures
($278.0M)
($93.0M)
($33.0M)
($53.0M)
Return of capital from partnerships and joint ventures
$22.0M
$34.0M
—
—
Other
$0
—
$8.0M
$19.0M
Investing cash flow
$437.0M
($333.0M)
($277.0M)
($78.0M)
Repurchase of common stock
($754.0M)
($125.0M)
—
—
Proceeds from issuance of 2029 Notes, net of issuance costs
$0
$0
$560.0M
—
Capped call transactions related to 2029 Notes
$0
$0
($73.0M)
—
Purchases and retirement of debt
($37.0M)
($57.0M)
($249.0M)
($41.0M)
Proceeds from NuScale share issuance (net of issuance fees)
$0
$80.0M
$0
$107.0M
Dividends paid on CPS
$0
$0
($29.0M)
($39.0M)
Make-whole payment on conversion of CPS
$0
$0
($27.0M)
—
Distributions paid to NCI
($64.0M)
($14.0M)
($53.0M)
($60.0M)
Capital contributions by NCI
$65.0M
$0
$10.0M
$21.0M
Other
($7.0M)
$0
($12.0M)
($10.0M)
Financing cash flow
($797.0M)
($116.0M)
$127.0M
$315.0M
Effect of exchange rate changes on cash
$53.0M
($69.0M)
$18.0M
($38.0M)
Increase (decrease) in cash and cash equivalents
($694.0M)
$310.0M
$80.0M
$230.0M
Cash and cash equivalents at beginning of year
$2.8B
$2.5B
$2.4B
$2.2B
Cash and cash equivalents at end of year
$2.1B
$2.8B
$2.5B
$2.4B
Fluor Corp cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net earnings
$289.0M
$165.0M
$1.5B
$2.2B
Equity method earnings, net of taxes
($62.0M)
($69.0M)
($2.0B)
($2.1B)
Depreciation
$32.0M
$16.0M
$52.0M
$35.0M
Gain on sales of assets (including the sale of CFHI in 2026)
($124.0M)
($124.0M)
($8.0M)
($8.0M)
Stock-based compensation
$22.0M
$12.0M
$24.0M
$17.0M
Deferred taxes
($20.0M)
($11.0M)
($59.0M)
($6.0M)
Changes in assets and liabilities
($359.0M)
$107.0M
$450.0M
($405.0M)
Other
$15.0M
$14.0M
($15.0M)
($11.0M)
Operating cash flow
($207.0M)
$110.0M
($21.0M)
($307.0M)
Proceeds from the sale of NuScale shares
1.8B
1.4B
414.0M
—
Purchases of marketable securities
($126.0M)
($7.0M)
($88.0M)
($80.0M)
Proceeds from sales and maturities of marketable securities
$67.0M
$15.0M
$168.0M
$114.0M
Capital expenditures
($18.0M)
($11.0M)
($38.0M)
($25.0M)
Proceeds from sales of assets (including the sale of CFHI in 2026)