Fluor Corporation (FLR)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 477,000 | 544,000 | 278,000 | 195,000 | 356,000 | 383,000 | 511,000 | 484,000 | 454,000 | 428,684 | 448,259 | 439,153 | 409,999 | 1,495,895 | 1,080,709 | 290,417 | 195,225 | -849,255 | -405,591 | 498,183 |
| Revenue (ttm) | US$ in thousands | 15,474,000 | 15,364,000 | 15,013,000 | 14,373,000 | 13,743,000 | 13,190,000 | 13,081,000 | 13,466,000 | 13,691,000 | 13,802,000 | 13,756,000 | 13,807,000 | 14,158,000 | 15,298,700 | 16,470,300 | 16,881,700 | 17,317,300 | 16,855,070 | 16,067,670 | 15,860,570 |
| Gross profit margin | 3.08% | 3.54% | 1.85% | 1.36% | 2.59% | 2.90% | 3.91% | 3.59% | 3.32% | 3.11% | 3.26% | 3.18% | 2.90% | 9.78% | 6.56% | 1.72% | 1.13% | -5.04% | -2.52% | 3.14% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $477,000K ÷ $15,474,000K
= 3.08%
Fluor Corporation's gross profit margin has shown fluctuations over the past eight quarters. In Q4 2023, the gross profit margin was 3.08%, which decreased from 3.53% in Q3 2023. This decline could indicate either a decrease in revenue or an increase in cost of goods sold. Comparing with the same quarter in the previous year, the gross profit margin in Q4 2023 was higher than the 2.58% recorded in Q4 2022.
The overall trend in gross profit margin for Fluor Corporation seems to be fluctuating, with some quarters showing higher margins (such as Q3 2022 at 3.92%) and others lower (such as Q1 2023 at 1.35%). This variability could be attributed to factors such as changes in project mix, pricing strategies, cost management, and economic conditions impacting the company's construction and engineering projects.
It is essential for Fluor Corporation to monitor its gross profit margin closely and analyze the underlying reasons for any fluctuations to ensure sustained profitability and operational efficiency in the long term.
Peer comparison
Dec 31, 2023