Filing Flows

Filing Flows › Companies › Fluor › Cash flow

Fluor cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$178M in Q3 2026 · −$425M over twelve months

Operating cash flow$186M
Capital spending−$8.0M
Free cash flow+$178M
Cash / net income1.0×

Analysis

In Q3 2026, Fluor generated $186M of operating cash flow and spent $8.0M on capital projects, leaving free cash flow of $178M. That is $95.0M less than in Q3 2025 ($273M).

Over the twelve months to Sep 30, 2026, operating cash flow was −$387M; the largest uses were buybacks ($1.5B), operating cash flow ($387M), capital spending ($38.0M); besides operations, cash came from other investing ($1.8B), partners ($21.0M); the cash balance fell by $98.0M.

Operating cash flow was $186M against net income of $186M — 1.0× profit, roughly in line with earnings. The largest differences: gains on disposals −$73.0M, other operating capital +$31.0M, deferred taxes +$26.0M.

Free cash flow

Fluor: free cash flow by quarterFluor: free cash flow by quarter$296MQ4 2024−$297MQ1 2025−$35.0MQ2 2025$273MQ3 2025−$378MQ4 2025$99.0MQ1 2026−$324MQ2 2026$178MQ3 2026
Operating cash flow less capital spending.
Fluor: operating cash flow against capital spendingFluor: operating cash flow against capital spendingOperating cash flowCapital spending$327M$31.0MQ4 2024−$286M$11.0MQ1 2025−$21.0M$14.0MQ2 2025$286M$13.0MQ3 2025−$366M$12.0MQ4 2025$110M$11.0MQ1 2026−$317M$7.0MQ2 2026$186M$8.0MQ3 2026
Latest (Q3 2026): Operating cash flow $186M, Capital spending $8.0M.

Capital allocation, year by year

Fluor: where the cash came from (up) and went (down), by fiscal yearFluor: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksFY2021: Operating cash flow $25.0MFY2021: Net borrowing −$531MFY2021: Shares issued $582MFY2021: Asset sales $292MFY2021: Capital spending −$75.0M$899MFY2021FY2022: Operating cash flow $31.0MFY2022: Net borrowing −$45.0MFY2022: Asset sales $190MFY2022: Capital spending −$75.0M$221MFY2022FY2023: Operating cash flow $212MFY2023: Net borrowing $311MFY2023: Asset sales −$5.0MFY2023: Capital spending −$106M$523MFY2023FY2024: Operating cash flow $828MFY2024: Net borrowing −$57.0MFY2024: Capital spending −$164MFY2024: Buybacks −$125M$828MFY2024FY2025: Operating cash flow −$387MFY2025: Net borrowing −$37.0MFY2025: Capital spending −$50.0MFY2025: Buybacks −$754MFY2025
Over these 5 years operating cash flow totalled $709M; the largest uses were buybacks ($879M) and net borrowing ($670M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$3.1B
Debt$1.1B
Net cash$2.0B
Cash runway7.2 years

Fluor is burning cash: its operations consume cash, a free cash flow of −$425M a year at the current rate against $3.1B of cash and investments: a runway of about 7.2 years before any new financing.

Where the cash came from and went

Fluor: sources (+) and uses (−) of cash, Q3 2026Fluor: sources (+) and uses (−) of cash, Q3 2026Buybacks−$300MOther investing−$274MCash drawn (+) / kept (−)$245MOperating cash flow$186MAsset & business sales$175MNet borrowing (+) / repaid (−)−$15.0MExchange rates−$12.0MOther financing$12.0MPartners−$9.0MCapital spending−$8.0M
Fluor: sources (+) and uses (−) of cash, TTM to Q3 2026Fluor: sources (+) and uses (−) of cash, TTM to Q3 2026Other investing$1.8BBuybacks−$1.5BOperating cash flow−$387MCash drawn (+) / kept (−)$98.0MCapital spending−$38.0MPartners$21.0MExchange rates−$21.0MNet borrowing (+) / repaid (−)−$15.0MOther financing$12.0M

From profit to cash

Fluor: net income to operating cash flow, Q3 2026Fluor: net income to operating cash flow, Q3 2026Net income$186MDepreciation & amortization$16.0MStock-based pay$8.0MDeferred taxes$26.0MGains on disposals−$73.0MOther non-cash−$8.0MOther operating capital$31.0MOperating cash flow$186M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$186M−$8.0M−$300M−$15.0M$245M$178M
Q2 2026−$317M−$7.0M−$300M—$264M−$324M
Q1 2026$110M−$11.0M−$516M—−$1.1B$99.0M
Q4 2025−$366M−$12.0M−$389M—$641M−$378M
Q3 2025$286M−$13.0M−$70.0M−$1.0M−$604M$273M
Q2 2025−$21.0M−$14.0M−$153M−$18.0M$261M−$35.0M
Q1 2025−$286M−$11.0M−$142M−$18.0M$396M−$297M
Q4 2024$327M−$31.0M−$125M−$13.0M$83.0M$296M

Fluor: income statement and cash flow

Fluor, Q3 2026: revenue $3.7B (+10% year over year), operating margin 6.0%. The chart follows the revenue to costs, profit and cash.

Fluor: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.