Fluor vs Jacobs Solutions
Fluor reported revenue of $15.5 billion in fiscal 2025, 1.3 times Jacobs Solutions' $12.0 billion in fiscal 2025. Fluor's revenue fell 5.0% in its latest year, and Jacobs Solutions' grew 4.6%. Fluor had an operating margin of -2.4%, against 7.2% at Jacobs Solutions. Free cash flow was −$437 million at Fluor and $607 million at Jacobs Solutions. Their fiscal years end in different months (December 31 and September 26), so the periods don't line up exactly.
Side by side
| Fluor | Jacobs Solutions | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Sep 26, 2025 |
| Revenue | $15.5B | $12.0B |
| Revenue growth | −5.0% | 4.6% |
| Revenue growth a year, last 5 years | −0.4% | −2.4% |
| Gross margin | −0.8% | 24.8% |
| Operating margin | −2.4% | 7.2% |
| Net margin | −0.3% | 2.4% |
| Free cash flow | −$437M | $607M |
| Free cash flow margin | −2.8% | 5.0% |
| Return on capital | −13.9% | 10.1% |
| Net debt to EBITDA | — | 1.1x |
| Dividends and buybacks | $754M | $907M |
| Change in diluted share count | −5.8% | −3.1% |
| Last close | $44.88 | $147.14 |
| P/E at the last close | — | 51.6× |
| Insider trades, last 12 months | sold $4.0 million | bought $813,529, sold $2.7 million |
| Piotroski F-score | 3 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
FluorJacobs Solutions
Operating margin
Percent of revenue
FluorJacobs Solutions
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
FluorJacobs Solutions
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Fluor and Jacobs Solutions pages.