Fluor Corporation (FLR)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 574,000 | 477,000 | 355,000 | 411,595 | 385,251 |
| Revenue | US$ in thousands | 16,315,000 | 15,474,000 | 13,744,000 | 12,434,900 | 15,668,500 |
| Gross profit margin | 3.52% | 3.08% | 2.58% | 3.31% | 2.46% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $574,000K ÷ $16,315,000K
= 3.52%
The gross profit margin of Fluor Corporation has shown varying trends over the five-year period from December 31, 2020, to December 31, 2024. In 2020, the gross profit margin was at a low of 2.46%, indicating that for every dollar of revenue generated, only $0.0246 was retained as gross profit. The margin improved in 2021 to 3.31%, reflecting a better ability to control costs and generate higher gross profits.
However, in 2022, the gross profit margin decreased to 2.58%, possibly due to increased costs or pricing pressures. The margin then increased again in 2023 to 3.08%, suggesting a recovery in profitability. By December 31, 2024, the gross profit margin reached 3.52%, indicating that the company was able to increase its efficiency in generating gross profits relative to its revenue.
Overall, the fluctuation in Fluor Corporation's gross profit margin over the years may signal changing market conditions, operational efficiencies, or pricing strategies within the company. It is essential for stakeholders to closely monitor these trends to assess the company's ability to manage costs and maintain profitability in the long term.
Peer comparison
Dec 31, 2024