Fluor (FLR)
NYSEIndustrialsEngineering & ConstructionSnapshot 2026-09-04
$56.16-2.33%
Close 2026-09-04 · 1-day change
NYSEIndustrialsEngineering & ConstructionSnapshot 2026-09-04
QuarterlyIQ Insights · FLR
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within industrials on a research-validated quality screen. As of 2026-09-04.
The screen ranks FLR against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 3 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated neutral grew net income 51% of the time over the next year (vs 60% for the rest of the cohort, n=9249).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on disciplined growth by converting pipeline opportunities and expanding in key markets with strategic capital allocation.
Stated as a priority in 3 of last 3 quarters. Revenue grew from $3.7 billion in 2026-Q1 to $4.3 billion in 2026-Q2, while new awards surged from $2.7 billion to $6.1 billion, reflecting successful pipeline conversion. Management's focus on disciplined growth and strategic capital allocation is delivering tangible revenue and backlog expansion.
“We remain focused on disciplined growth in our selected markets, strategic capital allocation and long-term value creation.”
“We are positioned to convert our growing pipeline, expand margins, and deliver sustained profitable growth.”
“Our diversified portfolio and strong capital position will support the delivery of our growth strategy.”
Sustain backlog levels with a focus on reimbursable projects to ensure steady future revenue streams.
Stated in 3 of last 3 quarters. Backlog increased from $25.5 billion at 81% reimbursable in 2025-Q4 to $26.9 billion at 85% reimbursable in 2026-Q2, with legacy backlog reduced significantly. This shows management is maintaining and growing backlog with a strong focus on reimbursable projects, delivering on stated priorities.
Continue returning capital to shareholders through share repurchases while maintaining financial flexibility for growth and M&A.
Stated in 3 of last 3 quarters. Share repurchases were $754 million in 2025 and $816 million in the first half of 2026, with a target of $1.4 billion for 2026 reaffirmed each quarter. This shows management is consistently executing on capital return while maintaining flexibility for growth.
“Returned $300 million to shareholders through repurchases during the quarter; still targeting $1.4 billion for 2026.”
Enhance profitability through improved segment profits and margin expansion across business units.
Stated in 3 of last 3 quarters. Segment profit improved from $78 million in 2025-Q2 to $170 million in 2026-Q2, demonstrating progress in profitability. However, Q1 2026 segment profit was weak at $8 million, indicating some volatility. Overall trajectory shows improving profitability with some fluctuations.
Provide updated and narrowed adjusted EBITDA guidance reflecting current business conditions and project impacts.
Stated in 3 of last 3 quarters. Adjusted EBITDA guidance for 2026 was initially set at $525-$585 million, then narrowed to $525-$560 million in 2026-Q1, and further narrowed to $500-$525 million in 2026-Q2. This reflects management's ongoing adjustment to guidance based on project impacts and business conditions, showing active management of expectations.
Over the trailing year it converted -0.49x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, real (inflation-adjusted) rates, Fed net liquidity (low R² over the window).
11 material management or governance events in the past 24 months, led by executive changes. Historically, Industrials names rated stable grew net income 55% of the time over the next year (vs 58% for the rest of the cohort, n=2546).
Not investment advice. As of 2026-09-04.
“Backlog of $26.9 billion, 85% reimbursable, with legacy project backlog reduced to $119 million.”
“Backlog: $25.7 billion at 82% reimbursable, slightly up from backlog at December 31, 2025.”
“Ending Backlog of $25.5 billion; 81% reimbursable.”
“Share repurchases of $516 million during the period; targeting $1.4 billion for 2026.”
“Full year 2025 share repurchases of $754 million; $1.4 billion planned for 2026.”
“Total segment profit of $170 million, compared with $78 million in the prior-year period.”
“Consolidated segment profit of $8 million, compared to $131 million a year ago.”
“Consolidated segment profit of $120 million compared to $206 million a year ago.”
“Narrowing 2026 adjusted EBITDA guidance from $525 - $560 million to $500 - $525 million.”
“Narrowing adjusted EBITDA guidance for 2026 from $525 - $585 million to $525 - $560 million.”
“Establishing adjusted EBITDA guidance for 2026 of $525 million to $585 million.”