Fluor Corporation — Earnings Quality Grade C
FLR · Industrials
Some red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 25 days, change +5 days YoY
AR growth 16.5% exceeds revenue growth -5.0%
Revenue -5.0%, CFFO -146.7%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -69.5% vs revenue -5.0%. Normal
SG&A/Gross Profit = -124.2%, excellent (<30%)
Gross margin -0.8%, change -4.3pp. Stable
Cash Flow Quality
CFFO/NI = 7.59. Profits backed by cash
FCF is negative ($-0.4B)
Accruals ratio = 4.1%. Low accruals
Cash $3.8B covers debt $1.1B
Balance Sheet Health
No goodwill. Clean balance sheet
Interest coverage = -6.4x (<2x). Financial stress
Other assets grew 21.8% vs revenue -5.0%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -100% YoY. Normal
Manipulation Score
M-Score = -5.31 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25