Fluor Corporation (FLR)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 374,000 | 423,000 | 187,000 | 161,000 | 317,000 | -68,000 | -47,000 | -258,000 | -421,000 | -264,594 | -287,078 | -167,719 | -412,000 | -523,448 | -818,757 | -1,314,873 | -1,040,235 | -636,799 | -287,468 | 297,239 |
| 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 |
| Pretax margin | 2.42% | 2.75% | 1.25% | 1.12% | 2.31% | -0.52% | -0.36% | -1.92% | -3.08% | -1.92% | -2.09% | -1.21% | -2.91% | -3.42% | -4.97% | -7.79% | -6.01% | -3.78% | -1.79% | 1.87% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $374,000K ÷ $15,474,000K
= 2.42%
Fluor Corporation's pretax margin has shown fluctuations over the past eight quarters. The pretax margin for Q4 2023 was 2.04%, a slight decrease from the previous quarter's value of 2.21%. This suggests that the company's profitability before accounting for taxes slightly declined in the most recent quarter. In comparison to the same quarter in the previous year, Q4 2022, the pretax margin increased from 1.78% to 2.04%, indicating an improvement in profitability year-over-year.
Looking at the trend over the past year, we can see that the pretax margin has generally been on an upward trajectory, with some variability from quarter to quarter. Notably, the pretax margin for Q3 2022 was a mere 0.29%, highlighting a significant improvement in the company's profitability compared to that quarter.
Overall, while there have been fluctuations in Fluor Corporation's pretax margin, the general trend has been positive over the past eight quarters, indicating an overall improvement in the company's profitability before taxes.
Peer comparison
Dec 31, 2023