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Fluor Corporation

FLRActive

CIK 1124198 · Environmental Engineering & Consulting

N/A

Market data as of N/A

Financials: LTM / latest available company filings

Sources: FMP, FLR filings, SEC EDGAR

$6,220

Market cap ($MM)

$4,104

Enterprise value ($MM)

$15,185

Revenue · LTM ($MM)

($276)

EBITDA · LTM ($MM)

-2%

EBITDA margin

0.3x

EV / revenue

NM

EV / EBITDA

NM

Net debt / EBITDA

Coverage

Coverage view

The analytical read on the name and the balance-sheet capacity behind the program.

Key points

  1. 01FLR is a scaled public consolidator in Env Engineering, a benchmark for how the sub-sector buys, pays, and trades.
  2. 02The relevant peer set is TTEK, ACM, PWR, J, KBR, EME.

Balance sheet & capacity

Indicative capacity read: public-market scale of $4.1B enterprise value against $15B revenue.

$3,187

Cash & equiv. ($MM)

$1,071

Total debt ($MM)

($2,116)

Net debt ($MM)

NM

Net debt / EBITDA

Valuation

Where it trades against its peer set

FLR versus the scaled public Environmental Engineering & Consulting comparables.

Indexed share-price performance

FLR versus available Environmental Engineering & Consulting peers and SPY.

+153%

FLR

N/A

Peer med.

+79%

SPY

33419658May 21Nov 23May 26FLRpeer medianSPY

Indexed to 100 from May 28, 2021 through May 26, 2026. Source: FMP month-end close history.

CompanyTickerRevenue ($MM)EBITDA ($MM)MarginMarket cap ($MM)EV ($MM)EV / revEV / EBITDANet debt / EBITDA
Fluor CorporationFLR$15,185($276)-2%$6,220$4,1040.3xNMNM

Financials via Financial Modeling Prep (SEC-derived TTM). EV/EBITDA distribution: each dot a live peer, band = interquartile range, line = median. Impossible values (EBITDA > revenue, negative-EBITDA multiples) shown NM.

M&A program

A sustained, programmatic tuck-in cadence

FLR's disclosed acquisition footprint and the deals behind it.

Disclosed acquisitions

10

Active years

1

Named deals

N/A

Avg / active year

10.0

Acq. cash outflow ($MM)

N/A

Banker read

  • 01FLR reads as a programmatic acquirer: 10 disclosed acquisitions across 1 active years, or 10.0 per active year. The chart shows activity in 1 of the last 1 visible years.
  • 02In the last three years, the file shows 1 acquisitions versus 0 in the prior three; recent activity is the visible baseline.
  • 03Spend changes the read: $241MM of disclosed spend is concentrated in lumpy years, with FY16 the largest year at $241MM. Recent spend is the visible baseline.

Annual acquisitions + disclosed spend

count spend named deal
1 deals$241MM16

FLR count bars show acquisition cadence; the spend line shows when the program required larger capital deployment.

Program diagnostics

Recent / prior

1 / 0

Last three years sets the visible baseline vs prior three.

Peak count year

FY16

1 disclosed acquisitions in the peak visible year.

Recent spend

$241MM

sets the visible baseline vs prior three; peak FY16 at $241MM.

Named evidence

0 rows

0.0% selected source-cited transaction coverage.

Selected transactions

DateTargetSegmentConsideration ($MM)Strategic rationaleSource
No named transactions clear the quality bar in this snapshot.

Acquisitions disclosed/extracted from SEC filings; not necessarily full M&A history. Disclosed acquisition cash outflow is cumulative "payments for acquisitions, net of cash acquired" from the 10-K cash-flow statements (a cash outflow, not deal value). Built on 1 SEC-backed facts across 0 cited filings.

Evidence

Source archive

A collapsed investigation trail for the SEC filings behind the financials, annual M&A cadence, named transactions, and management language.

Annual 10-Ks

20

Named deal filings

0

Recent SEC filings

0

Evidence clips

0

Annual 10-K M&A evidenceAccepted annual filings used for disclosed acquisition count and spend.20 rows+
Fiscal yearFiling dateFormStatusCountCash spendPurchase considerationSource
FY2025Feb 17, 2026Annual M&A 10-KacceptedN/AN/AN/ASEC filing
FY2023Feb 20, 2024Annual M&A 10-KacceptedN/AN/AN/ASEC filing
FY2022Feb 21, 2023Annual M&A 10-KacceptedN/AN/AN/ASEC filing
FY2021Feb 22, 2022Annual M&A 10-KacceptedN/AN/AN/ASEC filing
FY2020Sep 25, 2020Annual M&A 10-KacceptedN/AN/AN/ASEC filing
FY2018Feb 21, 2019Annual M&A 10-KacceptedN/AN/AN/ASEC filing
FY2017Feb 20, 2018Annual M&A 10-KacceptedN/AN/AN/ASEC filing
FY2016Feb 17, 2017Annual M&A 10-Kaccepted1$241MM$756MMSEC filing
FY2015Feb 18, 2016Annual M&A 10-KacceptedN/AN/AN/ASEC filing
FY2014Feb 18, 2015Annual M&A 10-KacceptedN/AN/AN/ASEC filing
FY2013Feb 18, 2014Annual M&A 10-Kwarning (1 warn)N/A$23.1MMN/ASEC filing
FY2012Feb 20, 2013Annual M&A 10-Kwarning (1 warn)N/A$19.3MMN/ASEC filing
FY2011Feb 22, 2012Annual M&A 10-Kwarning (1 warn)N/A$27.3MMN/ASEC filing
FY2010Feb 23, 2011Annual M&A 10-KacceptedN/AN/AN/ASEC filing
FY2009Feb 25, 2010Annual M&A 10-KacceptedN/AN/AN/ASEC filing
FY2008Feb 25, 2009Annual M&A 10-Kwarning (1 warn)N/A$12.5MMN/ASEC filing
FY2007Feb 29, 2008Annual M&A 10-KacceptedN/AN/AN/ASEC filing
FY2006Mar 1, 2007Annual M&A 10-KacceptedN/AN/AN/ASEC filing
FY2005Mar 1, 2006Annual M&A 10-KacceptedN/AN/AN/ASEC filing
FY2004Mar 4, 2005Annual M&A 10-Kwarning (1 warn)1$33.0MMN/ASEC filing
Named transaction source filingsFilings behind selected named-deal rows and transaction excerpts.0 rows+
No filing source clears this category.
Recent SEC filingsThe latest profile filings, kept separate so someone can investigate beyond M&A.0 rows+
No filing source clears this category.
Evidence clipsShort excerpts used on the page; expand only when you want the language.0 rows+
No filing source clears this category.

Annual M&A counts and disclosed spend are extracted from SEC acquisition disclosures and cash-flow statements; named-deal rows carry direct filing links where the filing identifies the target or consideration.

Prepared from SEC EDGAR public filingsFLR · CIK 1124198Source-backed coverage research, not investment advice