Filing Flows › Fluor (FLR) › Q2 2025
Fluor (FLR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Fluor (FLR) reported revenue of $4.0B for the second quarter 2025 (Q2 2025), -6% from a year earlier and -0.1% from the quarter before. Operating margin was -0.7%, net earnings $2.4B (61.3% of revenue).
Fluor, Q2 2025: revenue $4.0B (-6% year over year), operating margin -0.7%, net earnings $2.4B, operating cash flow −$21.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0B | -0.1% | -6% |
| Operating profit | −$26.0M | -129% | — |
| Net earnings | $2.4B | — | — |
| Operating cash flow | −$21.0M | — | — |
What changed
Revenue was $4.0B in Q2 2025, down 6% year over year and roughly flat from the previous quarter.
Gross margin was 1.4%, down 2.8 points from a year earlier. Operating costs exceeded revenue by $0.03B, an operating margin of -0.7%. Operating expenses grew 4000% against a revenue fall of 6%. Net earnings were $2.5B, up 1356% year over year ($2.4B including minority interests, which bore $0.02B of losses). The effective tax rate was 23.9%. Non-operating items added $3.2B, 101% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$0.02B. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $2.5B. Capital expenditures of $0.01B exceeded it, leaving free cash flow of −$0.04B.
Questions
What was Fluor's revenue in the second quarter 2025?
Fluor (FLR) reported revenue of $4.0B for the second quarter 2025 (Q2 2025), -6% from a year earlier and -0.1% from the quarter before.
Was Fluor profitable in the second quarter 2025?
Operating loss was $26.0M (-0.7% of revenue) and net earnings $2.4B.
Source: Fluor 10-Q on SEC EDGAR.