Fluor Corporation (FLR)

Pretax margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before tax but after interest (EBT)	US$ in thousands	375,000	316,000	-420,000	-412,000	-1,040,200
Revenue	US$ in thousands	15,474,000	13,744,000	14,156,000	15,788,000	15,454,000
Pretax margin		2.42%	2.30%	-2.97%	-2.61%	-6.73%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $375,000K ÷ $15,474,000K
= 2.42%

The pretax margin of Fluor Corporation has shown an improving trend over the past five years. From a negative pretax margin of -8.90% in 2019, the company managed to gradually increase its profitability, reaching positive pretax margins of -1.32% in 2020, -1.03% in 2021, 1.78% in 2022, and 2.04% in 2023. This indicates that the company has been able to better control its operating expenses and generate higher pre-tax profits in recent years. The positive trend in pretax margin suggests an improvement in the company's overall financial performance and efficiency in managing costs.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

Fluor Corporation

FLR

2.42%

Granite Construction Incorporated

GVA

1.06%

Jacobs Solutions Inc.