Filing Flows › Fluor (FLR) › Q4 2025
Fluor (FLR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 17, 2026
Fluor (FLR) reported revenue of $4.2B for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and +24% from the quarter before. Operating margin was 1.3%, net loss $1.6B (37.4% of revenue).
Fluor, Q4 2025: revenue $4.2B (-2% year over year), operating margin 1.3%, net loss $1.6B, operating cash flow −$366M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.2B | +24% | -2% |
| Operating profit | $53.0M | — | — |
| Net earnings | −$1.6B | — | — |
| Operating cash flow | −$366M | -228% | — |
What changed
Revenue was $4.2B in Q4 2025, down 2% year over year and up 24% from the previous quarter.
Gross margin was 3.2%, down 1.7 points from a year earlier. Operating profit was $0.05B, a 1.3% margin (down 3.1 points year over year). Operating expenses grew 264% against a revenue fall of 2%. The quarter ended with a net loss of $1.6B, wider than the previous quarter's $0.71B loss. Net interest and other expense of $2.2B was the main reason.
Operating cash flow was −$0.37B. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $1.2B. Capital expenditures of $0.01B exceeded it, leaving free cash flow of −$0.38B.
Questions
What was Fluor's revenue in the fourth quarter 2025?
Fluor (FLR) reported revenue of $4.2B for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and +24% from the quarter before.
Was Fluor profitable in the fourth quarter 2025?
Operating profit was $53.0M (1.3% of revenue) and net loss $1.6B.
Source: Fluor 10-K on SEC EDGAR.