Fluor Corporation (FLR)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 138,000 | 169,000 | -15,000 | -10,000 | 145,000 | -143,000 | -124,000 | -305,000 | -440,000 | -324,000 | -346,000 | -256,000 | -435,000 | -568,200 | -1,330,300 | -1,719,300 | -1,522,200 | -1,177,800 | -360,610 | 130,810 |
| Total stockholders’ equity | US$ in thousands | 1,940,000 | 1,883,000 | 1,797,000 | 1,719,000 | 1,786,000 | 1,650,000 | 1,514,000 | 1,469,000 | 1,393,000 | 1,597,530 | 1,515,550 | 983,654 | 1,030,250 | 1,128,950 | 1,091,720 | 1,091,640 | 1,487,750 | 1,559,300 | 2,375,490 | 2,813,100 |
| ROE | 7.11% | 8.98% | -0.83% | -0.58% | 8.12% | -8.67% | -8.19% | -20.76% | -31.59% | -20.28% | -22.83% | -26.03% | -42.22% | -50.33% | -121.85% | -157.50% | -102.32% | -75.53% | -15.18% | 4.65% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $138,000K ÷ $1,940,000K
= 7.11%
Fluor Corporation's return on equity (ROE) has been fluctuating over the past eight quarters, ranging from negative values to positive values. In Q4 2023, the ROE stood at 4.28%, showing a slight improvement from the previous quarter's 5.47%. However, the ROE was negative in both Q2 and Q1 2023, at -3.01% and -2.85% respectively.
Looking back at the previous year, there was a significant improvement in Q4 2022, with an ROE of 5.94%, following two consecutive quarters of negative ROE in Q3 and Q2 2022. The lowest ROE was recorded in Q1 2022 at -21.45%.
The fluctuations in Fluor Corporation's ROE indicate volatility in the company's profitability and efficiency in generating returns for its shareholders. It is crucial for stakeholders to closely monitor and assess the factors influencing these fluctuations to ensure sustainable and stable financial performance in the long term.
Peer comparison
Dec 31, 2023