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Fluor vs Granite Construction: revenue, profit, margins and growth compared

Fluor brought in $15.5B of revenue in fiscal 2025, Granite Construction $4.4B in fiscal 2025. Revenue changed by -5.0% at Fluor and +10.4% at Granite Construction on the year before, so Granite Construction grew faster. Fluor kept -0.3% of its revenue as net profit, Granite Construction 4.4%. Free cash flow was -$437M at Fluor and $330.6M at Granite Construction.

Side by side, latest fiscal year

FLRGVA
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$15.5B$4.4B
Revenue growth-5.0%+10.4%
Net income-$51M$193M
Net margin-0.3%4.4%
Free cash flow-$437M$330.6M
Free cash flow margin-2.8%7.5%
Earnings per share (diluted)-$0.31$3.86
Cash$2.1B$529.2M
Debt$1.1B$1.3B
Price to earningsn/a29.8
Market value$6.7B$5B
Dividend yieldn/a0.45%
Rank by revenue in sector#42 of 451 · Industrials#132 of 451 · Industrials

Over the years

Revenue
FLR FY2018: $18.9BFLR FY2019: $15.5BFLR FY2020: $15.8BFLR FY2021: $14.2BFLR FY2022: $13.7BFLR FY2023: $15.5BFLR FY2024: $16.3BFLR FY2025: $15.5BGVA FY2018: $3.3BGVA FY2019: $2.9BGVA FY2020: $3.6BGVA FY2021: $3.5BGVA FY2022: $3.3BGVA FY2023: $3.5BGVA FY2024: $4BGVA FY2025: $4.4BFY18FY19FY20FY21FY22FY23FY24FY25
FLR $15.5BGVA $4.4B
Net income
FLR FY2018: $173.5MFLR FY2019: -$1.5BFLR FY2020: -$435MFLR FY2021: -$440MFLR FY2022: $145MFLR FY2023: $139MFLR FY2024: $2.1BFLR FY2025: -$51MGVA FY2018: $582KGVA FY2019: -$60.2MGVA FY2020: -$145.1MGVA FY2021: $10.1MGVA FY2022: $83.3MGVA FY2023: $43.6MGVA FY2024: $126.3MGVA FY2025: $193MFY18FY19FY20FY21FY22FY23FY24FY25
FLR -$51MGVA $193M
Net margin
FLR FY2018: 0.9%FLR FY2019: -9.8%FLR FY2020: -2.8%FLR FY2021: -3.1%FLR FY2022: 1.1%FLR FY2023: 0.9%FLR FY2024: 13.1%FLR FY2025: -0.3%GVA FY2018: 0.0%GVA FY2019: -2.1%GVA FY2020: -4.1%GVA FY2021: 0.3%GVA FY2022: 2.5%GVA FY2023: 1.2%GVA FY2024: 3.2%GVA FY2025: 4.4%FY18FY19FY20FY21FY22FY23FY24FY25
FLR -0.3%GVA 4.4%
Revenue growth
FLR FY2019: -18.0%FLR FY2020: +2.2%FLR FY2021: -10.3%FLR FY2022: -2.9%FLR FY2023: +12.6%FLR FY2024: +5.4%FLR FY2025: -5.0%GVA FY2019: -11.3%GVA FY2020: +22.2%GVA FY2021: -1.7%GVA FY2022: -5.7%GVA FY2023: +6.3%GVA FY2024: +14.2%GVA FY2025: +10.4%FY19FY20FY21FY22FY23FY24FY25
FLR -5.0%GVA +10.4%
Free cash flow
FLR FY2018: -$48.8MFLR FY2019: $38.2MFLR FY2020: $73MFLR FY2021: -$50MFLR FY2022: -$44MFLR FY2023: $106MFLR FY2024: $664MFLR FY2025: -$437MGVA FY2018: -$24.7MGVA FY2019: $4.6MGVA FY2020: $175.2MGVA FY2021: -$72.9MGVA FY2022: -$66MGVA FY2023: $43.3MGVA FY2024: $319.9MGVA FY2025: $330.6MFY18FY19FY20FY21FY22FY23FY24FY25
FLR -$437MGVA $330.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Fluor and Granite Construction

Which is bigger by revenue, Fluor or Granite Construction?

Fluor is bigger by revenue: $15.5B in fiscal 2025, against $4.4B for Granite Construction in fiscal 2025.

Which keeps more of its revenue as profit, Fluor or Granite Construction?

Fluor had a net margin of -0.3% in fiscal 2025; Granite Construction had 4.4% in fiscal 2025.

Which grew revenue faster, Fluor or Granite Construction?

In their latest fiscal years revenue changed by -5.0% at Fluor and +10.4% at Granite Construction.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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