Filing Flows › Fluor (FLR) › Q3 2025
Fluor (FLR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Fluor (FLR) reported revenue of $3.4B for the third quarter 2025 (Q3 2025), -18% from a year earlier and -15% from the quarter before. Operating margin was -14.7%, net loss $707M (21.0% of revenue).
Fluor, Q3 2025: revenue $3.4B (-18% year over year), operating margin -14.7%, net loss $707M, operating cash flow $286M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.4B | -15% | -18% |
| Operating profit | −$496M | — | — |
| Net earnings | −$707M | -129% | — |
| Operating cash flow | $286M | — | -13% |
| Free cash flow | $273M | — | -2% |
What changed
Revenue was $3.4B in Q3 2025, down 18% year over year and down 15% from the previous quarter.
Operating costs exceeded revenue by $0.50B, an operating margin of -14.7%. The fastest-growing cost line was General & admin (+16%). The quarter ended with a net loss of $0.71B, after a profit of $2.4B the previous quarter. Minority interests bore $0.01B of it: to shareholders the quarter was a loss of $0.70B. Net interest and other expense of $0.39B was the main reason.
Operating cash flow was $0.29B (down 13% year over year). Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $1.0B. Capital expenditures of $0.01B left free cash flow of $0.27B.
Questions
What was Fluor's revenue in the third quarter 2025?
Fluor (FLR) reported revenue of $3.4B for the third quarter 2025 (Q3 2025), -18% from a year earlier and -15% from the quarter before.
Was Fluor profitable in the third quarter 2025?
Operating loss was $496M (-14.7% of revenue) and net loss $707M.
Source: Fluor 10-Q on SEC EDGAR.