Fluor Corporation (FLR)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 613,000 | 315,000 | 244,000 | -127,705 | -207,052 |
| Revenue | US$ in thousands | 16,315,000 | 15,474,000 | 13,744,000 | 12,434,900 | 15,668,500 |
| Pretax margin | 3.76% | 2.04% | 1.78% | -1.03% | -1.32% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $613,000K ÷ $16,315,000K
= 3.76%
Based on the data provided, Fluor Corporation's pretax margin has shown a fluctuating trend over the years.
In 2020, the pretax margin was negative at -1.32%, indicating that the company's expenses exceeded its operating income before taxes. This could be a concerning sign as it suggests inefficiencies in cost management or external factors impacting profitability.
However, the company's performance improved slightly in 2021 with a pretax margin of -1.03%, although it was still negative. This suggests that Fluor Corporation was able to better control its expenses compared to the previous year.
The trend took a significant turn in 2022, as the pretax margin turned positive at 1.78%. This indicates that the company generated operating income before taxes, signaling improved profitability and potentially better operational efficiency.
Continuing this positive trajectory, the pretax margin further increased to 2.04% in 2023 and significantly rose to 3.76% in 2024. These increases in pretax margin suggest that Fluor Corporation's financial performance strengthened over these years, demonstrating better cost control and operational effectiveness.
Overall, the positive trend in pretax margin from 2022 to 2024 indicates an improvement in Fluor Corporation's financial health and operational efficiency, potentially reflecting successful strategic decisions and cost management practices.
Peer comparison
Dec 31, 2024