Fluor Corporation

NYSE:FLR Stock Report

Market Cap: US$7.0b

Fluor Future Growth

Future criteria checks 3/6

Fluor is forecast to grow earnings and revenue by 60.4% and 7.1% per annum respectively. EPS is expected to grow by 62.4% per annum. Return on equity is forecast to be 18.5% in 3 years.

Key information

60.4%

Earnings growth rate

62.38%

EPS growth rate

Construction earnings growth24.7%
Revenue growth rate7.1%
Future return on equity18.52%
Analyst coverage

Good

Last updated10 Aug 2026

Recent future growth updates

Recent updates

Narrative Update • Aug 09

FLR: Robust Backlog And Sector Tailwinds Will Struggle To Support Rich Earnings

Fluor's analyst price target has shifted to $64 from $57 as analysts point to adjusted estimates and sector wide demand trends in power, data centers, aerospace and defense, and infrastructure as key supports for the updated view. Analyst Commentary Recent research on Fluor reflects a mixed backdrop, with the latest price target change to US$64 sitting alongside earlier, less constructive adjustments.
Seeking Alpha • Aug 07

Fluor: Why My Bearish Stance Is Correct Despite A Solid Q2 2026

Summary Fluor Corporation is rated 'HOLD' despite bullish analyst sentiment, due to persistent volatility, weak growth prospects, and lack of dividend support. FLR's backlog and shift toward reimbursable contracts do not guarantee stable or forecastable earnings, given historical underperformance and project-specific risks. The investment thesis questions FLR's ability to achieve projected AEPS growth and premium valuation, citing a best-case $86/share scenario as unlikely. I set a $34/share price target for FLR, preferring Vinci as a more attractive, stable, dividend-paying alternative in the sector. Read the full article on Seeking Alpha
Narrative Update • Jul 16

FLR: Aramco Win And Infrastructure Milestones Will Test Execution Discipline

Fluor's updated analyst price target edges higher, with fair value moving from $50.69 to $52.44 as analysts point to strong sector demand and secular growth trends in areas such as power, data centers, aerospace and defense, and infrastructure. Analyst Commentary Recent research on Fluor shows a mix of optimism and caution as analysts reassess targets ahead of upcoming earnings and sector updates.
Narrative Update • Jul 02

FLR: Sector Demand And New Projects Will Support Earnings Reset

Fluor's analyst fair value estimate has shifted to $64 from $61, with analysts pointing to slightly higher revenue growth assumptions, a modestly higher future P/E multiple, and supportive sector demand trends in areas like power, data centers, aerospace and defense, and infrastructure as key drivers of the updated target. Analyst Commentary on Fluor Recent Street research on Fluor points to a generally constructive tone around the stock, with bullish analysts revisiting their assumptions on earnings power, P/E multiples, and sector exposure.
Analysis Article • Jun 20

Fluor (FLR) Stock Could Be 5.9% Overvalued After Buy Backing And Weak Results

Fluor (FLR) drew fresh attention after a prominent Truist Financial analyst maintained a positive view on the stock, even though recent quarterly results showed revenue and net profit declines that investors are still working to interpret. See our latest analysis for Fluor. The recent rally in Fluor’s share price, with a 1 month share price return of 20.34% and year to date share price return of 28.68% to US$53.66, comes on top of a 5 year total shareholder return of 189.27%. This signals...
Narrative Update • Jun 16

FLR: Nuclear And LNG Backlog Plus Buybacks Will Steady Execution Risk

Analysts made only a modest adjustment to Fluor's overall price target, with a $1 increase and a $5 reduction in recent research, reflecting updated views on discount rates, long term revenue growth, profit margins and forward P/E assumptions. Analyst Commentary Recent research on Fluor shows that analysts are split, with one group lifting the price target by US$1 and another trimming it by US$5.
Narrative Update • Jun 02

FLR: Backlog Strength And Nuclear Pipeline Will Offset Near Term Setbacks

Analysts now mark Fluor's fair value at $50.69, down from $53.50, reflecting updated assumptions on discount rate, growth, margins, and future P/E after mixed recalibrations to Street price targets, including recent moves from Baird and Citi. Analyst Commentary Recent research pieces on Fluor point to a split view, with some analysts focusing on execution and earnings power, and others stressing valuation risk and project uncertainty.
Analysis Article • May 15

Weak Statutory Earnings May Not Tell The Whole Story For Fluor (NYSE:FLR)

Investors were disappointed by Fluor Corporation's ( NYSE:FLR ) latest earnings release. We did some analysis, and...
Narrative Update • May 09

FLR: Core Backlog Turnaround And Cleaner Balance Sheet Will Support 2026 Reset

Narrative Update on Fluor Analysts have moved the average price target for Fluor up to $61 from $57. They cite expectations for a cleaner balance sheet, improving core bookings and a potential second half backlog inflection, while also factoring in a slightly higher discount rate and only modest adjustments to long term growth, margin and P/E assumptions.
Narrative Update • Apr 21

FLR: Backlog Inflection And New Energy Work Will Drive Fresh Start

Fluor's analyst fair value estimate edges down from $54.22 to $53.50 as analysts factor in a slightly higher discount rate. They still highlight raised price targets tied to expectations for stronger core bookings and reduced NuScale related noise.
Narrative Update • Apr 06

FLR: Core Backlog And Cleaner Balance Sheet Will Support 2026 Reset

Analysts have raised their average price target on Fluor by about $4 to $61, citing expectations for stronger core bookings, a cleaner balance sheet, and less drag from NuScale as key supports for the updated view. Analyst Commentary Bullish analysts are leaning into a more constructive view on Fluor, pointing to cleaner financials, easing NuScale related headwinds, and healthier core bookings as reasons to revisit valuation.
Narrative Update • Mar 23

FLR: Core Backlog And 2026 Reset Will Support Future Upside

The analyst price target for Fluor has increased by $4 to $61. Analysts cite updated assumptions for revenue growth, profit margins, and a lower P/E multiple, along with recent Street research that highlights expectations for improving core business momentum and backlog.
Narrative Update • Mar 09

FLR: Backlog Inflection And New Energy Projects Will Reshape Future Pipeline

The analyst price target for Fluor has moved higher, with our fair value estimate rising from $51.00 to about $54.22. Analysts point to higher external targets in the $48 to $61 range and focus on cleaner core operations, improving backlog momentum, and reduced NuScale related overhangs.
Narrative Update • Feb 23

FLR: Backlog Hopes Will Struggle To Justify Rich Earnings Expectations

The analyst fair value estimate for Fluor has risen from $36.50 to about $40.83, reflecting higher Street price targets in the $48 to $61 range as analysts point to expectations of a cleaner balance sheet, fewer NuScale overhangs, and potential backlog momentum in the core business. Analyst Commentary Recent Street research on Fluor has centered on how quickly the company can convert its current setup into stronger execution in the core business, while also managing balance sheet clean up and legacy issues such as NuScale.
Narrative Update • Feb 08

FLR: ES Execution And NuScale Monetization Will Support Future Upside

Analysts have lifted their price targets on Fluor by up to about US$5, reflecting recent Q3 earnings and guidance commentary that points to stronger contributions from the ES segment, progress on key projects and potential capital returns tied to NuScale monetization. Analyst Commentary Recent research is leaning constructive on Fluor, with several bullish analysts lifting their price targets following the Q3 earnings print and guidance update.
Narrative Update • Jan 25

FLR: Earnings Execution And Asset Monetization Will Support Future Share Price Upside

Narrative Update on Fluor Analysts have lifted their price targets on Fluor by about US$4 to US$5 per share, citing the recent Q3 earnings beat, raised guidance, stronger profits in the ES segment, progress on the Mexico project and expectations around NuScale Power monetization and continued repurchases. Together, these factors support a slightly higher future P/E and modestly adjusted growth and margin assumptions in our model.
Narrative Update • Jan 11

FLR: Activist Pressure And Asset Monetization Will Support Future Share Price Upside

Analysts have slightly raised their price targets on Fluor to around the mid US$50s, citing Q3 earnings that came in ahead of expectations, a guidance increase supported by stronger ES segment profits and progress on key projects, and potential capital returns funded by NuScale Power monetization. Analyst Commentary Recent Street research has turned more constructive on Fluor, with bullish analysts lifting their price targets into the mid US$50s after the company reported Q3 results that were ahead of expectations and raised its guidance.
Narrative Update • Dec 15

FLR: Activist Pressure And Asset Monetization Will Drive Share Price Higher

Analysts have trimmed their fair value estimate for Fluor to approximately $57, down about $3, as they balance stronger revenue growth expectations and recent price target increases in the mid $50s with higher perceived risk and a more muted long term margin outlook. Analyst Commentary Bullish analysts have responded positively to Fluor's latest quarterly results, pointing to a combination of stronger segment profitability and improving project execution as key factors behind recent price target increases into the mid $50s.
Narrative Update • Nov 09

FLR: Recent Power Deal Will Shape U.S. Energy Project Pipeline Ahead

Narrative Update: Fluor Analyst Price Target Revised Upward Analysts have raised Fluor's fair value price target from $49.89 to $51.00, citing improved revenue growth forecasts and recent developments involving NuScale Power's major U.S. SMR commitment as supportive factors. Analyst Commentary Analysts have evaluated recent developments related to NuScale Power and their impact on Fluor, providing both optimistic and cautious perspectives regarding the company's future outlook.
Analysis Article • Oct 03

The Return Trends At Fluor (NYSE:FLR) Look Promising

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Narrative Update • Aug 27

Urban Solutions And LNG Canada Will Shape Outlook Amid Risks

Analysts remain divided on Fluor’s valuation: while some see further upside from its NuScale Power stake and supportive macro trends, others believe the benefits are fully priced in following a sharp share rally, resulting in the consensus analyst price target holding steady at $49.89. Analyst Commentary Bullish analysts see continued upside from Fluor’s valuation linked to its NuScale Power (SMR) stake, with upgraded price targets reflecting revised assessments after deeper analysis of this asset.
Seeking Alpha • Apr 25

Fluor Corporation Stock: Strategic Construction Exposure Across Key Growth Sectors

Summary Fluor Corporation is undervalued, trading at 67.5% of intrinsic value, with strong growth prospects in revenue and earnings through 2029. The company excels in engineering, project management, procurement, and construction, with significant revenue from Urban and Energy Solutions. Fluor's balance sheet is robust, with cash and short-term investments 2.68 times its long-term debt, and a conservative debt-to-EBITDA ratio. Risks include international exposure and potential tariff issues, but alignment with US CAPEX infrastructure spending offers substantial growth opportunities. Read the full article on Seeking Alpha
Seeking Alpha • Apr 07

Fluor Stock: Low Valuation And Long-Term Growth

Summary The market's steep sell-off created a buying opportunity for Fluor Corporation, which is now in oversold territory with attractive valuation levels. Fluor's long-term growth catalysts include new leadership, strategic financial goals, and significant contracts in energy, data centers, and construction. Despite recent earnings downgrades and revenue volatility, Fluor's low valuation and potential for margin expansion suggest a strong recovery over the next year. Fluor is poised to benefit from growing energy demand and data center needs, making the current sell-off a potentially lucrative buying opportunity. Read the full article on Seeking Alpha
Seeking Alpha • Mar 20

Fluor Corporation: The Future Lingers On Its Ability To Win Favorable Contracts

Summary Fluor Corporation's 2024 results showed slowing sales and margins, with a 5% growth rate and significant challenges in the Energy Solutions segment. Despite a robust balance sheet, the company's efficiency and profitability metrics need substantial improvement to compete effectively with peers. The 2025 outlook is optimistic, with an expected 15% revenue growth driven by strong backlogs and new awards, especially in Urban Solutions. I recommend waiting for FLR operational improvements in the next quarters before investing, as current margins and competitiveness are not enticing. Read the full article on Seeking Alpha
Seeking Alpha • Dec 30

3 Reasons To Consider Fluor

Summary Fluor Corporation has delivered commendable YTD returns of ~28% outperforming other mid-caps by 2x and industrial stocks by 1.6x. FLR's forward EV/EBITDA multiple is not cheap, but allowances could be made due to the sturdy operating leverage, while the FCF yield looks very compelling. A robust balance sheet and high cash levels support the likelihood of a pickup in buybacks, while the dividend too could be reinstated after 4 years. The risk-reward on the standalone and relative strength charts look favorable. FLR doesn't have the most pristine track record when it comes to guidance, and the energy solutions division is currently suffering from a lack of conversion from FEED work to EPC wins. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:FLR - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202819,767497N/A943
12/31/202718,2974343452247
12/31/202616,691507148107
6/30/202615,535-1,996-330-287N/A
3/31/202615,184350-419N/A
12/31/202515,503-51-437-387N/A
9/30/202515,5873,385237306N/A
6/30/202516,3134,136243350N/A
3/31/202516,5631,845512653N/A
12/31/202416,3152,145664828N/A
9/30/202415,875260636809N/A
6/30/202415,744375331482N/A
3/31/202415,456259137262N/A
12/31/202315,47483101212N/A
9/30/202315,364104-158-50N/A
6/30/202315,013-52-2965N/A
3/31/202314,374-49-2758N/A
12/31/202213,744106-4431N/A
9/30/202213,656-180172230N/A
6/30/202213,547-162-646N/A
3/31/202213,931-3051267N/A
12/31/202114,156-429-5025N/A
9/30/202113,802-249-266-178N/A
6/30/202113,756-259-133-32N/A
3/31/202113,807-187-9420N/A
12/31/202015,788-36973186N/A
9/30/202015,298-265175296N/A
6/30/202016,470-1,05453192N/A
3/31/202016,881-1,436N/A173N/A
12/31/201915,454-1,283N/A219N/A
9/30/201916,813-1,293N/A240N/A
6/30/201916,026-457N/A386N/A
3/31/201914,482-41N/A281N/A
12/31/201818,851153N/A162N/A
9/30/201816,296130N/A40N/A
6/30/201817,395156N/A41N/A
3/31/201819,509113N/A196N/A
12/31/201714,807-27N/A602N/A
9/30/201719,483202N/A804N/A
6/30/201719,309112N/A1,043N/A
3/31/201719,449238N/A861N/A
12/31/201619,037281N/A706N/A
9/30/201618,418160N/A731N/A
6/30/201618,035332N/A735N/A
3/31/201617,989378N/A925N/A
12/31/201518,114418N/A849N/A
9/30/201519,199689N/A806N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FLR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.7%).

Earnings vs Market: FLR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: FLR is expected to become profitable in the next 3 years.

Revenue vs Market: FLR's revenue (7.1% per year) is forecast to grow slower than the US market (12.9% per year).

High Growth Revenue: FLR's revenue (7.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FLR's Return on Equity is forecast to be low in 3 years time (18.5%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/11 07:47
End of Day Share Price 2026/08/11 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Fluor Corporation is covered by 24 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew WittmannBaird
Andrew KaplowitzBarclays
Adam SeidenBarclays