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Fluor Corp

Fluor Corp

FLR
$49.08USD-0.87%-0.43 today

MARKET CAP

6.9B

P/E (TTM)

31.1x

FWD P/E

14.8x

DAY RANGE

$48 – $50

52W RANGE

$38
$58

AI Summary

Stalk
Sell NowMedium

FLR is in a Stage 4 decline with clear lower highs and lower lows, reinforcing a medium-term bearish bias. Price trades below declining 9, 20, and 50 EMAs, which now act as resistance, and the short-term structure favors selling on EMA rejections. The long-term uptrend above the rising 200 DMA remains intact, limiting extreme downside risk.

  • Secured $2.7B in new awards in Q1, driving pipeline growth over 50% YoY.
  • Backlog stands at $25.7B with 82% reimbursable, boosting revenue visibility.
  • Q1 saw a $653M Santos project charge, denting operating income.
Full analysis →

The case for & against

Bull & Bear analysis

Bearish

Fluor Corporation (NYSE: FLR) is a global leader in engineering and construction, primarily serving sectors such as energy, mining, life sciences, and infrastructure. Positioned as a diversified engineering, procurement, and construction contractor, Fluor leverages its extensive expertise and infrastructure capabilities to execute complex, large-scale projects across multiple industries. Recent projects include significant engagements in contrasting drugs and iodine production facilities, aligning with the rise of life sciences and energy transition themes.

Bull says

  • Secured $2.7B in new awards in Q1, driving pipeline growth over 50% YoY.
  • Backlog stands at $25.7B with 82% reimbursable, boosting revenue visibility.
  • Committed $1.4B share buybacks by 2026, with $500M repurchased in Q1.
  • High interest rate sensitivity offers upside if rates decrease.
  • Positive price momentum and strong institutional support via high 13F ownership.
  • Projected 2026 adjusted EBITDA of $525–560M indicates focus on margin quality.

Bear says

  • Q1 saw a $653M Santos project charge, denting operating income.
  • Negative earnings yield and downward earnings revisions point to weak profitability.
  • Geopolitical tensions in the Middle East risk project delays and higher costs.
  • Volatility remains elevated, implying potential for sharp share price swings.
  • Analysts peg stock ~5.8% overvalued, consensus leans Sell on valuation concerns.
  • Unattractive dividend yield metrics lessen appeal for income investors.

Investment themes with FLR

Buybacks +0.48%

Companies repurchasing their own shares

C · JCI · WFC

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-11-2026neutral

Transcript signals

Bull points

  • We apply our core competencies to project management and EPC execution to deliver world-class facilities globally.
  • it is very encouraging to see the many front end awards that we have announced in recent months.
  • Our prospect pipeline has increased by 50% in the past 12 months.

Bear points

  • Urban Solutions reported a $6 million segment profit in the quarter.
  • Results reflect a $37 million impact for a mining project in the Americas that experienced declining productivity in the field.
  • Mission Solutions reported a segment loss of $71 million for the first quarter compared to a profit of $5 million a year ago.
Read full transcript analysis ›