Fluor Corporation (FLR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 477,000 | 355,000 | 454,000 | 410,000 | -206,052 |
| Revenue | US$ in thousands | 15,474,000 | 13,744,000 | 14,156,000 | 15,788,000 | 15,454,000 |
| Gross profit margin | 3.08% | 2.58% | 3.21% | 2.60% | -1.33% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $477,000K ÷ $15,474,000K
= 3.08%
Fluor Corporation's gross profit margin has fluctuated over the past five years, ranging from a low of -2.98% in 2019 to a high of 3.31% in 2021. The margin indicates the percentage of revenue that exceeds the cost of goods sold, reflecting the company's ability to efficiently manage production costs. In 2023, the gross profit margin stood at 3.08%, showing a slight improvement compared to the previous year. This upward trend suggests that Fluor Corporation may have implemented strategies to enhance its operational efficiency and profitability. However, further analysis of the company's cost structure and revenue sources is necessary to gain a more nuanced understanding of its financial performance.
Peer comparison
Dec 31, 2023