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Fluor vs Orion: revenue, profit, margins and growth compared

Fluor brought in $15.5B of revenue in fiscal 2025, Orion $852.3M in fiscal 2025. Revenue changed by -5.0% at Fluor and +7.0% at Orion on the year before, so Orion grew faster. Fluor kept -0.3% of its revenue as net profit, Orion 0.3%. Free cash flow was -$437M at Fluor and -$10.8M at Orion.

Side by side, latest fiscal year

FLRORN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$15.5B$852.3M
Revenue growth-5.0%+7.0%
Net income-$51M$2.5M
Net margin-0.3%0.3%
Free cash flow-$437M-$10.8M
Free cash flow margin-2.8%-1.3%
Earnings per share (diluted)-$0.31$0.06
Cash$2.1B$1.6M
Debt$1.1B$7.9M
Price to earningsn/a143.0
Market value$6.7B$347.4M
Dividend yieldn/an/a
Rank by revenue in sector#42 of 451 · Industrials#281 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: $15.5BORN FY2018: $520.9MORN FY2019: $708.4MORN FY2020: $709.9MORN FY2021: $601.4MORN FY2022: $748.3MORN FY2023: $711.8MORN FY2024: $796.4MORN FY2025: $852.3MFY18FY19FY20FY21FY22FY23FY24FY25
FLR $15.5BORN $852.3M
Net income
FLR FY2018: $173.5MFLR FY2019: -$1.5BFLR FY2020: -$435MFLR FY2021: -$440MFLR FY2022: $145MFLR FY2023: $139MFLR FY2024: $2.1BFLR FY2025: -$51MORN FY2018: -$94.4MORN FY2019: -$5.4MORN FY2020: $20.2MORN FY2021: -$14.6MORN FY2022: -$12.6MORN FY2023: -$17.9MORN FY2024: -$1.6MORN FY2025: $2.5MFY18FY19FY20FY21FY22FY23FY24FY25
FLR -$51MORN $2.5M
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%ORN FY2018: -18.1%ORN FY2019: -0.8%ORN FY2020: 2.8%ORN FY2021: -2.4%ORN FY2022: -1.7%ORN FY2023: -2.5%ORN FY2024: -0.2%ORN FY2025: 0.3%FY18FY19FY20FY21FY22FY23FY24FY25
FLR -0.3%ORN 0.3%
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%ORN FY2019: +36.0%ORN FY2020: +0.2%ORN FY2021: -15.3%ORN FY2022: +24.4%ORN FY2023: -4.9%ORN FY2024: +11.9%ORN FY2025: +7.0%FY19FY20FY21FY22FY23FY24FY25
FLR -5.0%ORN +7.0%
Free cash flow
FLR FY2018: -$48.8MFLR FY2019: $38.2MFLR FY2020: $73MFLR FY2021: -$50MFLR FY2022: -$44MFLR FY2023: $106MFLR FY2024: $664MFLR FY2025: -$437MORN FY2018: $4.2MORN FY2019: -$17.9MORN FY2020: $31.3MORN FY2021: -$16.9MORN FY2022: -$5MORN FY2023: $8.3MORN FY2024: -$1.4MORN FY2025: -$10.8MFY18FY19FY20FY21FY22FY23FY24FY25
FLR -$437MORN -$10.8M

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

Questions about Fluor and Orion

Which is bigger by revenue, Fluor or Orion?

Fluor is bigger by revenue: $15.5B in fiscal 2025, against $852.3M for Orion in fiscal 2025.

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

Fluor had a net margin of -0.3% in fiscal 2025; Orion had 0.3% in fiscal 2025.

Which grew revenue faster, Fluor or Orion?

In their latest fiscal years revenue changed by -5.0% at Fluor and +7.0% at Orion.

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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