FLR
Fluor Corporation

Fluor CorporationFLR

Industrials · Engineering & Construction
54.03USD
-1.30%
Sep 23, 2026
FLR overview ready
Global EPC Contractor Delivering Complex AI Data Center Power Infrastructure
Fluor is a diversified global EPC and project-management contractor.
Strong narrative exposure
Exposed to the AI Compute Infrastructure Buildout narrative through AI Data Center Power and Thermal Systems — infrastructure supplier.
Constructive pullback in an uptrend
Longer-term context reads established trend, with a near-term setup of constructive pullback.
Fair valuation
The price broadly reflects how its multiples compare with businesses of the same kind, with upside and risk reasonably balanced.
Solid fundamentals
Ev / sales is strong.
Primary risk
Project execution risk leading to cost overruns.
Market Sep 22Filing Jun 30Price action Sep 22Research Jul 23

Conviction Level

NarrativeHeat9.5ThemeHeat9.3PriceAction8.0Valuation5.8CompanyPosition7.3
Price
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Price Action

Constructive pullback in an uptrend
Longer-term context reads established trend, with a near-term setup of constructive pullback.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$7.2B
Avg Volume (60D)
2.6M
60 sessions
Revenue Growth YoY
-5.0%
FY2025 vs FY2024
Gross Margin
-0.8%
Trailing twelve months
Operating Margin
-1.4%
Trailing twelve months
Free Cash Flow Yield
-4.6%
Distance from 200DMA
+11.3%
Next Earnings
2026-11-06
P/E
N/M
EV / Sales
0.3x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

The available comparisons disagreed; the peers comparison is the more reliable method for this business and the others are published as dissent.
Fluor Corporation has a Fair valuation stance because the price broadly reflects how its multiples compare with businesses of the same kind, with upside and risk reasonably balanced.

Company Research

Thesis
Fluor is a diversified global EPC and project-management contractor. Its Urban Solutions business serves advanced technology and manufacturing markets, including business-critical data centers, while Energy and Mission Solutions add power, fuels, nuclear, government, and other complex-project exposure.
Opportunity
Moderate opportunity
Construction and retrofit of high-density AI data centers with materially higher rack power requirements.
Key risk
Project execution risk leading to cost overruns.

Narrative & Theme

AI Compute Infrastructure Buildout
Part of AI Data Center Power and Thermal Systems, with moderate fit.
FLR has a genuine, direct services link to AI-data-center buildout: it designs, procures, constructs, and manages complex facilities, and management has identified data centers among current growth markets and recent awards.
Narrative HeatHot9.5 / 10
Theme HeatHot9.3 / 10
This reading is no longer current (last measured 2026-07-22). It is kept until the next scheduled measurement replaces it.

Business & Markets

Industrials · Engineering & Construction
What they do

Fluor Corporation provides engineering, procurement, construction, fabrication, modularization, and project management services globally through its three segments: Urban Solutions, Energy Solutions, and Mission Solutions.

How it earns

The company generates revenue primarily on a project-based basis through contracts for engineering and construction services.

Products & services
Engineering, procurement, and construction (EPC) services
Fabrication and modularization
Project management services
Professional staffing services
Customers & end markets
Advanced technologies and manufacturing
Life sciences
Mining and metals
Infrastructure
Energy
Government and defense
Market position

Fluor is a leading global engineering and construction firm with diversified end markets and service offerings.

Demand drivers
High cyclicality

The company’s business depends on capital spending cycles in energy, infrastructure, and government projects which are sensitive to economic conditions.

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