Fluor Corporation (FLR)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 146,000 | 190,000 | -39,000 | -27,000 | 210,000 | -75,000 | 37,000 | -145,000 | -273,000 | -311,471 | -346,356 | -237,086 | -232,000 | -219,164 | -227,479 | -1,071,619 | -1,169,037 | -644,402 | -529,102 | 456,368 |
| 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 |
| Operating profit margin | 0.94% | 1.24% | -0.26% | -0.19% | 1.53% | -0.57% | 0.28% | -1.08% | -1.99% | -2.26% | -2.52% | -1.72% | -1.64% | -1.43% | -1.38% | -6.35% | -6.75% | -3.82% | -3.29% | 2.88% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $146,000K ÷ $15,474,000K
= 0.94%
Fluor Corporation's operating profit margin has experienced fluctuations over the past eight quarters. In Q4 2023, the operating profit margin stood at 1.58%, showing a slight decrease from the previous quarter's margin of 1.78%. However, the current margin remains higher compared to Q4 2022, which was at 0.86%.
In Q2 2023 and Q1 2023, the operating profit margins were 0.23% and -0.24% respectively, reflecting a significant decline from the previous quarters. This downward trend reversed in Q3 2023, where the margin improved to 1.16%.
Looking back to Q2 2022 and Q1 2022, Fluor Corporation achieved relatively robust operating profit margins of 2.07% and 1.74% respectively. These figures indicate stronger operational efficiency compared to the recent quarters.
Overall, Fluor Corporation's operating profit margin has shown variability in performance, with fluctuations observed across the quarters. It is important for the company to closely monitor and manage its operating expenses and revenue generation to sustain and improve its operating profit margin in the future.
Peer comparison
Dec 31, 2023