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Fluor Valuation Multiples

Discover revenue and EBITDA valuation multiples for Fluor and similar public comparables like Babcock International, Primoris Services, Rail Vikas Nigam, Arcosa and more.

Fluor Overview

About Fluor

Fluor is one of the largest global providers of engineering, procurement, construction, fabrication, operations, and maintenance services.It serves a wide range of end markets, including oil and gas, chemicals, mining, metals, and transportation. The company’s business is organized into three core segments: urban solutions, mission solutions, and energy solutions. Fluor generated $15.5 billion in revenue in 2025.


Founded

2000

HQ

United States

Employees

23.0K

Website

fluor.com

Financials (LTM)

Revenue: $16B
EBITDA: $516M

EV

$4B

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Fluor Financials

Fluor reported last 12-month revenue of $16B and EBITDA of $516M.

In the same LTM period, Fluor generated $118M in gross profit, $516M in EBITDA, and $131M in net income.

Revenue (LTM)


Fluor P&L

In the most recent fiscal year, Fluor reported revenue of $16B and EBITDA of $504M.

Fluor is unprofitable as of last fiscal year, with gross margin of (1%), EBITDA margin of 3%, and net margin of (0%).

See analyst estimates for Fluor
LTMLast FY202320242025202620272028
Revenue$16B$16B$15B$16B$16B
Gross Profit$118M($120M)$477M$574M($120M)
Gross Margin1%(1%)3%4%(1%)
EBITDA$516M$504M$449M$732M($201M)
EBITDA Margin3%3%3%4%(1%)
EBIT Margin3%2%2%2%(2%)
Net Profit$131M($51M)$139M$2B($51M)
Net Margin1%(0%)1%13%(0%)

Financial data powered by Morningstar, Inc.

Fluor Stock Performance

Fluor has current market cap of $6B, and enterprise value of $4B.

Market Cap Evolution


Fluor's stock price is $44.36.

Fluor share price decreased by 16.9% in the last 30 days, and increased by 6.7% in the last year.

Fluor has an EPS (earnings per share) of $-0.37.

See more trading valuation data for Fluor
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$4B$6B0.0%-16.9%-15.2%6.7%$-0.37

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Fluor Valuation Multiples

Fluor trades at 0.2x EV/Revenue multiple, and 7.0x EV/EBITDA.

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EV / Revenue (LTM)


Fluor Financial Valuation Multiples

As of May 17, 2026, Fluor has market cap of $6B and EV of $4B.

Fluor has a P/E ratio of 47.2x.

LTMLast FY202320242025202620272028
EV/Revenue0.2x0.2x0.2x0.2x0.2x
EV/EBITDA7.0x7.1x8.0x4.9x(17.9x)
EV/EBIT8.6x9.6x14.2x9.7x(13.4x)
EV/Gross Profit30.4x(30.0x)7.5x6.3x(30.0x)
P/E47.2x(121.5x)44.6x2.9x(121.5x)
EV/FCF19.4x14.4x33.9x5.4x(8.2x)

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Fluor Valuation Multiples

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Fluor Margins & Growth Rates

Fluor grew revenue by 4% and EBITDA by 6% in the last fiscal year.

In the most recent fiscal year, Fluor reported gross margin of (1%), EBITDA margin of 3%, and net margin of (0%).

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Fluor Margins

Last FY202420252026202720282029
Gross Margin(1%)4%(1%)3%
EBITDA Margin3%4%(1%)3%
EBIT Margin2%2%(2%)3%
Net Margin(0%)13%(0%)3%
FCF Margin2%4%(3%)0%

Fluor Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth4%5%(5%)4%
Gross Profit Growth(530%)20%(121%)(530%)
EBITDA Growth6%63%(127%)(367%)
EBIT Growth30%47%(173%)(282%)
Net Profit Growth(952%)1443%(102%)(952%)
FCF Growth(69%)526%(166%)(118%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Fluor Operational KPIs

Fluor's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.0M for the same period.

Fluor's Rule of 40 is 7% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Fluor's Rule of X is 13% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Fluor
LTMLast FY202320242025202620272028
Rule of 408%7%———
Bessemer Rule of X16%13%———
Revenue per Employee—$0.7M———
Opex per Employee—$0.0M———
G&A Expenses to Revenue1%1%1%1%1%
Opex to Revenue—1%1%1%1%

Data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Babcock International1.0x1.0x10.1x9.8x
Primoris Services0.9x0.9x12.6x13.0x
Rail Vikas Nigam2.5x2.8x26.0x62.8x
Arcosa2.6x2.7x12.8x13.0x
Granite Construction1.6x1.5x13.3x12.2x
YTL Corp2.0x1.9x6.4x7.6x
Legence2.9x2.3x24.8x20.4x
DEME Group1.3x1.3x5.7x5.7x

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Fluor M&A Activity

Fluor has acquired 1 company to date.

Last acquisition by Fluor was on December 10th 2015. Fluor acquired Stork Holding for $755M (EV/Revenue multiple of ).

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Latest Acquisitions by Fluor

Stork Holding
Description
Stork Holding delivers maintenance, modification, and asset integrity services for industrial production facilities via stork.com. Spanning full asset lifecycles, its technical support covers operations in energy, chemicals, and manufacturing sectors globally.
HQ CountryNetherlands
HQ City
Utrecht
Deal Date10 Dec 2015
Valuation$755M
EV/Revenue
EV/EBITDA

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Fluor Investment Activity

Fluor has invested in 1 company to date.

Latest investment by Fluor was on April 5th 2021. Fluor invested in NuScale Power in their $40M Undisclosed stage round (EV/Revenue multiple of ).

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Latest Investments by Fluor

NuScale Power
Description
NuScale Power Corp is redefining nuclear power through the development of proprietary and SMR technology that will deliver safe, scalable, cost-effective, and reliable carbon-free power. Its products are VOYGR Plants and E2 Centers.
HQ CountryUnited States
HQ City
Corvallis, OR
Deal Date5 Apr 2021
RoundUndisclosed stage
Raised$40M
InvestorsFluor; JGC Holdings
Valuationundisclosed
EV/Revenue
EV/EBITDA

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About Fluor

When was Fluor founded?Fluor was founded in 2000.
Where is Fluor headquartered?Fluor is headquartered in United States.
How many employees does Fluor have?As of today, Fluor has over 23K employees.
Who is the CEO of Fluor?Fluor's CEO is James R. Breuer.
Is Fluor publicly listed?Yes, Fluor is a public company listed on NYSE.
What is the stock symbol of Fluor?Fluor trades under FLR ticker.
When did Fluor go public?Fluor went public in 1957.
Who are competitors of Fluor?Fluor main competitors include Babcock International, Primoris Services, Rail Vikas Nigam, Arcosa, Granite Construction, YTL Corp, Legence, DEME Group, Construction Partners, Installed Building Products.
What is the current market cap of Fluor?Fluor's current market cap is $6B.
What is the current revenue of Fluor?Fluor's last 12 months revenue is $16B.
What is the current revenue growth of Fluor?Fluor revenue growth (NTM/LTM) is 5%.
What is the current EV/Revenue multiple of Fluor?Current revenue multiple of Fluor is 0.2x.
Is Fluor profitable?Yes, Fluor is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Fluor?Fluor's last 12 months EBITDA is $516M.
What is Fluor's EBITDA margin?Fluor's last 12 months EBITDA margin is 3%.
What is the current EV/EBITDA multiple of Fluor?Current EBITDA multiple of Fluor is 7.0x.
What is the current FCF of Fluor?Fluor's last 12 months FCF is $186M.
What is Fluor's FCF margin?Fluor's last 12 months FCF margin is 1%.
What is the current EV/FCF multiple of Fluor?Current FCF multiple of Fluor is 19.4x.
How many companies Fluor has acquired to date?As of May 2026, Fluor has acquired 1 company.
What was the largest acquisition by Fluor?$755M acquisition of Stork Holding on 10th December 2015 was the largest M&A Fluor has done to date.
What companies Fluor acquired?Fluor acquired Stork Holding.
In how many companies Fluor has invested to date?As of May 2026, Fluor has invested in 1 company.
What was the last Fluor investment?On 5th April 2021 Fluor invested in NuScale Power, participating in a $40M Undisclosed stage round, alongside JGC Holdings.
In what companies Fluor invested in?Fluor invested in NuScale Power.

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