Fluor Corporation is in a technically constructive breakout with strong momentum, but the stock has exceeded its near-term price target with negative asymmetry, three of the past four earnings reports were misses, and business quality sits below the minimum acceptable threshold — the technical strength is not matched by fundamental conviction.
Thesis pillars
- Earnings Execution Deterioration→Stable
- Quality Below Minimum Threshold→Stable
- Target Exceeded Negative Asymmetry→Stable
- +1 more pillar — see the Why tab for full reasoning
Fluor Corporation (FLR) Stock Analysis
Range Bound setup
Industrials · Engineering & Construction
Sell if holding. Engine safety override at $51.02: Quality below floor (3.3 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.0/10. Specifically: Below-average business quality; Negative price momentum.
Fluor delivers engineering, procurement, and construction services globally across Urban Solutions, Energy Solutions, and Mission Solutions segments to industrial clients and the U.S. federal government. Revenue is primarily contract-based, with 81% of the $25.5 billion backlog... Read more
Sell if holding. Engine safety override at $51.02: Quality below floor (3.3 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.0/10. Specifically: Below-average business quality; Negative price momentum. Chart setup: RSI 53 mid-range, Bollinger mid-band. Score 4.0/10, moderate confidence.
Passes 5/8 gates (clean insider activity, news boost analyst 0.60, earnings proximity 32d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: moderate.
About Fluor Corporation
About Fluor Corporation
Fluor's consolidated backlog totaled $25.5 billion at December 31, 2025, split 81% reimbursable and 19% lump-sum across three segments: Urban Solutions (advanced technologies, life sciences, mining, infrastructure, staffing), Energy Solutions (oil and gas, LNG, nuclear, chemicals), and Mission Solutions (DOE nuclear security, environmental remediation, disaster recovery). U.S. government agencies contributed 17% of 2025 revenue, and a single Urban Solutions customer spanning multiple projects added another 15%, making Fluor dependent on a small number of anchor relationships even as it serves over 100 countries.
Fluor earns fees primarily through reimbursable contracts, where clients reimburse labor and material costs plus negotiated fees — fixed, incentive-based, or cost-markup — that constituted 81% of year-end 2025 backlog. Lump-sum contracts (19% of backlog) carry cost overrun risk: if actual project costs exceed estimates, Fluor may absorb the difference without additional revenue. Mission Solutions operates primarily under U.S. government reimbursable IDIQ arrangements with the DOE, National Nuclear Security Administration, and military clients, subject to statutes including the Federal Acquisition Regulation, Cost Accounting Standards, and the False Claims Act. Urban Solutions serves data center, semiconductor, and life sciences clients globally; Energy Solutions targets LNG, refining, nuclear power, and chemicals projects. Named competitors include AECOM, Bechtel Group, Inc., KBR, Inc., Jacobs Solutions, Inc., Technip Energies N.V., and JGC Corporation.
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Mission Solutions' nuclear and environmental work with the DOE and National Nuclear Security Administration represents a structurally concentrated government relationship. The 10-K notes that government contracts pose additional risks compared to private-sector clients, including unilateral modification or termination for convenience, regulatory audit rights, and the possibility of suspension or debarment if a venture partner fails to comply with applicable regulations. Award timing on large multi-year IDIQ programs is driven by appropriations cycles outside Fluor's control, and project delays or cancellations following contract award could have a material adverse effect on results.
See also: Industrials · Engineering & Construction
From Fluor Corporation's most recent 10-K filing, extracted June 10, 2026.
Recent developments
updated 2026-07-07Recent Developments — Fluor Corporation
Latest news
- NEWS Why Is Fluor Stock Trading Higher Today? — benzinga Jul 7, 2026 positive
- NEWS Fluor Selected By Aramco As Program Management Consultancy Contractor Under New Long-Term Agreement For Global Capital P — benzinga Jul 7, 2026 positive
- NEWS Truist Securities Maintains Buy on Fluor, Raises Price Target to $64 — benzinga Jul 2, 2026 positive
- NEWS Fluor's JGC Fluor BC LNG II JV Receives Limited Notification To Proceed For Proposed Phase 2 Expansion Of LNG Canada Por — benzinga Jun 1, 2026 positive
- NEWS Starboard Value Increases Stake In Tripadvisor Inc By 12% To 10,774,996 Shares; CarMax Inc With 6,201,362 Shares; Fluor — benzinga May 15, 2026
Generated 2026-07-07T13:21:47Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWCustomerU.S. government agencies17%10-K Item 1: 'revenue earned from agencies of the U.S. government accounted for 17% of our total revenue'
- LOWCustomersingle Urban Solutions customer15%10-K Item 1: 'revenue from a single Urban Solutions' customer spanning multiple projects amounted to 15% of our revenue in 2025'
Material Events(8-K, last 90d)
- 2026-04-30Item 5.02LOWFDEE Consulting (Fluor subsidiary) entered consulting agreement with former Group President Mark E. Fields at $670/hour for up to 6 months beginning April 27, 2026 for advisory and consultation services.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
5 floor-breakers
Revenue shrinking — -8.0% YoY. Growth thesis broken unless recovery story develops.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Quality below the gate floor. Component breakdown shows what dragged the score down.static
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $51.02: Quality below floor (3.3 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.0/10. Specifically: Below-average business quality; Negative price momentum. Chart setup: RSI 53 mid-range, Bollinger mid-band. Prior stop was $47.86. Score 4.0/10, moderate confidence.
Take-profit target: $53.69 (+4.3% upside). Prior stop was $47.86. Stop-loss: $47.86.
Target reached (-11.3% upside); Quality below floor (3.3 < 4.0).
Fluor Corporation trades at a P/E of 22.6 (forward 15.1). TrendMatrix value score: 6.7/10. Verdict: Sell.
13 analysts cover FLR with a consensus score of 3.8/5. Average price target: $52.
What does Fluor Corporation do?Fluor delivers engineering, procurement, and construction services globally across Urban Solutions, Energy Solutions,...
Fluor delivers engineering, procurement, and construction services globally across Urban Solutions, Energy Solutions, and Mission Solutions segments to industrial clients and the U.S. federal government. Revenue is primarily contract-based, with 81% of the $25.5 billion backlog at December 31, 2025 comprising reimbursable arrangements; U.S. government agencies represented 17% of 2025 revenue. Operations span oil and gas, chemicals, nuclear, data centers, semiconductors, and infrastructure.