Fluor 2025 Financial Results Summary
- 2025 share repurchases totaled $754 million, with $1.4 billion planned for 2026.
- New awards in 2025 reached $12 billion, with 87% reimbursable.
- Ending backlog for 2025 was $25.5 billion, 81% reimbursable.
- Received $1.35 billion in Q1 2026 from NuScale share sales.
Financial Performance
In 2025, Fluor reported a revenue of $15.5 billion, with a GAAP net loss of $51 million. The adjusted EBITDA was $504 million, and the adjusted EPS stood at $2.19, despite a consolidated segment loss of $109 million. General and administrative expenses were reduced by 3% year-over-year, totaling $196 million.
Share Repurchases and Investments
Fluor executed $754 million in share repurchases during 2025 and plans to increase this to $1.4 billion in 2026. The company also received $1.35 billion in the first quarter of 2026 from the sale of NuScale shares.
New Awards and Backlog
The company secured $12 billion in new awards for 2025, with 87% of these being reimbursable. The ending backlog for the year was $25.5 billion, with 81% reimbursable.
Cash Position
Fluor ended the year with $2.2 billion in cash and marketable securities, reflecting a strong capital position to support its growth strategy.
Source: Fluor