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Fluor FLR Contract work in progress - lump-sum contracts

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Other financials

Income statement

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Revenue$4.3B+8.8%
Gross profit$179.0M+220%
Operating income$135.0M+619%
Net income$114.0M-95.4%
EPS (diluted)$0.81-94.5%

Balance sheet

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Cash & equivalents$2.9B+34.6%
Total debt$1.1B+0.2%
Total equity$2.7B-54.8%
Total assets$7.5B-36.1%

Cash flow

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Operating cash flow-$317.0M-1,410%
CapEx$7.0M-50.0%
Free cash flow-$324.0M-826%

Valuation

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Market cap$7.96B+18.2%
Enterprise value$6.11B+8.4%
P/S0.5×+0.1×

Profitability

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Gross margin-0.3%-3.0pp
Operating margin-1.6%
Net margin-12.8%-38.2pp
FCF margin1.5%-0.6pp

Returns & leverage

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Return on equity-46.2%-148pp
Debt / equity0.4×+0.2×
Current ratio1.8×+0.2×

Where this comes from

Reported directly by Fluor in its filing.

Tagged under the XBRL concept flr:WorkInProgressContractServices.

The source filing: Fluor’s 10-Q, filed August 7, 2026.

Filed
Aug 6, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001124198-26-000071
(in millions)June 30,2026December 31, 2025
Information about contract assets:
Contract assets
Unbilled receivables - reimbursable contracts$1,309$1,100
Contract work in progress - lump-sum contracts13146
Contract assets$1,440$1,146
6MEJune 30,
(in millions)20262025
Information about contract liabilities:

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Fluor's contract work in progress - lump-sum contracts?
Fluor (FLR) reported contract work in progress - lump-sum contracts of $131M in Q2 2026.
How has Fluor's contract work in progress - lump-sum contracts changed year-over-year?
Fluor's contract work in progress - lump-sum contracts increased by 37.9% year-over-year, from $95M to $131M.
What is the long-term trend for Fluor's contract work in progress - lump-sum contracts?
Over 2 years (2022 to 2025), Fluor's contract work in progress - lump-sum contracts has grown at a -49.0% compound annual growth rate (CAGR), from $177M to $46M.
What does contract work in progress - lump-sum contracts mean?
Represents the accumulated costs and recognized profit on lump-sum engineering and construction contracts that are currently in the execution phase. This metric tracks the value of work performed that has not yet been billed to the client under fixed-price arrangements. It is a critical indicator of project delivery progress and potential future revenue realization.

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