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Side-by-side financial comparison of FLUOR CORP (FLR) and Owens Corning (OC). Click either name above to swap in a different company.

FLUOR CORP is the larger business by last-quarter revenue ($4.2B vs $2.1B, roughly 1.9× Owens Corning). Owens Corning runs the higher net margin — -13.9% vs -37.7%, a 23.8% gap on every dollar of revenue. On growth, FLUOR CORP posted the faster year-over-year revenue change (-2.0% vs -24.6%). Owens Corning produced more free cash flow last quarter ($333.0M vs $-378.0M). Over the past eight quarters, FLUOR CORP's revenue compounded faster (5.7% CAGR vs -3.5%).

Fluor Corporation is an American engineering and construction firm, headquartered in Irving, Texas. It is a holding company that provides services through its subsidiaries in three main areas: oil and gas, industrial and infrastructure, government and power. It is the largest publicly traded engineering and construction company in the Fortune 500 rankings and is listed as 265th overall.

Owens Corning is an American company that develops and produces insulation, roofing, and fiberglass composites and related products. It is the world's largest manufacturer of fiberglass composites. It was formed in 1935 as a partnership between two major American glassworks, Corning Glass Works and Owens-Illinois. The company employs approximately 19,000 people around the world. Owens Corning has been a Fortune 500 company every year since the list was created in 1955. The Pink Panther is the...

FLR vs OC — Head-to-Head

Bigger by revenue
FLR
FLR
1.9× larger
FLR
$4.2B
$2.1B
OC
Growing faster (revenue YoY)
FLR
FLR
+22.6% gap
FLR
-2.0%
-24.6%
OC
Higher net margin
OC
OC
23.8% more per $
OC
-13.9%
-37.7%
FLR
More free cash flow
OC
OC
$711.0M more FCF
OC
$333.0M
$-378.0M
FLR
Faster 2-yr revenue CAGR
FLR
FLR
Annualised
FLR
5.7%
-3.5%
OC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FLR
FLR
OC
OC
Revenue
$4.2B
$2.1B
Net Profit
$-1.6B
$-298.0M
Gross Margin
3.2%
23.2%
Operating Margin
1.3%
-10.5%
Net Margin
-37.7%
-13.9%
Revenue YoY
-2.0%
-24.6%
Net Profit YoY
-184.4%
-15.5%
EPS (diluted)
$-9.40
$-3.47

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FLR
FLR
OC
OC
Q4 25
$4.2B
$2.1B
Q3 25
$3.4B
$2.7B
Q2 25
$4.0B
$2.7B
Q1 25
$4.0B
$2.5B
Q4 24
$4.3B
$2.8B
Q3 24
$4.1B
$3.0B
Q2 24
$4.2B
$2.8B
Q1 24
$3.7B
$2.3B
Net Profit
FLR
FLR
OC
OC
Q4 25
$-1.6B
$-298.0M
Q3 25
$-697.0M
$-494.0M
Q2 25
$2.5B
$363.0M
Q1 25
$-241.0M
$-93.0M
Q4 24
$1.9B
$-258.0M
Q3 24
$54.0M
$321.0M
Q2 24
$169.0M
$285.0M
Q1 24
$59.0M
$299.0M
Gross Margin
FLR
FLR
OC
OC
Q4 25
3.2%
23.2%
Q3 25
-13.3%
28.2%
Q2 25
1.4%
31.2%
Q1 25
3.5%
28.7%
Q4 24
4.9%
28.1%
Q3 24
2.1%
29.8%
Q2 24
4.2%
31.1%
Q1 24
2.7%
29.6%
Operating Margin
FLR
FLR
OC
OC
Q4 25
1.3%
-10.5%
Q3 25
-14.7%
-12.2%
Q2 25
-0.7%
18.4%
Q1 25
2.3%
16.1%
Q4 24
4.4%
-8.5%
Q3 24
1.2%
16.7%
Q2 24
4.2%
16.4%
Q1 24
1.4%
17.5%
Net Margin
FLR
FLR
OC
OC
Q4 25
-37.7%
-13.9%
Q3 25
-20.7%
-18.4%
Q2 25
61.8%
13.2%
Q1 25
-6.1%
-3.7%
Q4 24
43.7%
-9.1%
Q3 24
1.3%
10.5%
Q2 24
4.0%
10.2%
Q1 24
1.6%
13.0%
EPS (diluted)
FLR
FLR
OC
OC
Q4 25
$-9.40
$-3.47
Q3 25
$-4.30
$-5.92
Q2 25
$14.81
$4.25
Q1 25
$-1.42
$-1.08
Q4 24
$10.68
$-2.92
Q3 24
$0.31
$3.65
Q2 24
$0.97
$3.24
Q1 24
$0.34
$3.40

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FLR
FLR
OC
OC
Cash + ST InvestmentsLiquidity on hand
$2.2B
$345.0M
Total DebtLower is stronger
$4.7B
Stockholders' EquityBook value
$3.2B
$3.9B
Total Assets
$8.2B
$13.0B
Debt / EquityLower = less leverage
1.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLR
FLR
OC
OC
Q4 25
$2.2B
$345.0M
Q3 25
$2.8B
$286.0M
Q2 25
$2.3B
$230.0M
Q1 25
$2.5B
$400.0M
Q4 24
$3.0B
$361.0M
Q3 24
$3.0B
$499.0M
Q2 24
$2.7B
$254.0M
Q1 24
$2.4B
$1.3B
Total Debt
FLR
FLR
OC
OC
Q4 25
$4.7B
Q3 25
$4.7B
Q2 25
$5.1B
Q1 25
$5.0B
Q4 24
$5.1B
Q3 24
$5.0B
Q2 24
$5.0B
Q1 24
$2.6B
Stockholders' Equity
FLR
FLR
OC
OC
Q4 25
$3.2B
$3.9B
Q3 25
$5.2B
$4.4B
Q2 25
$5.9B
$5.2B
Q1 25
$3.6B
$4.9B
Q4 24
$3.9B
$5.1B
Q3 24
$2.3B
$5.6B
Q2 24
$2.1B
$5.5B
Q1 24
$2.0B
$5.2B
Total Assets
FLR
FLR
OC
OC
Q4 25
$8.2B
$13.0B
Q3 25
$11.5B
$13.5B
Q2 25
$11.8B
$14.5B
Q1 25
$8.4B
$14.3B
Q4 24
$9.1B
$14.1B
Q3 24
$7.1B
$15.1B
Q2 24
$6.8B
$15.0B
Q1 24
$6.7B
$11.3B
Debt / Equity
FLR
FLR
OC
OC
Q4 25
1.22×
Q3 25
1.06×
Q2 25
0.98×
Q1 25
1.03×
Q4 24
1.01×
Q3 24
0.89×
Q2 24
0.92×
Q1 24
0.51×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FLR
FLR
OC
OC
Operating Cash FlowLast quarter
$-366.0M
$590.0M
Free Cash FlowOCF − Capex
$-378.0M
$333.0M
FCF MarginFCF / Revenue
-9.1%
15.5%
Capex IntensityCapex / Revenue
0.3%
12.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-437.0M
$962.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLR
FLR
OC
OC
Q4 25
$-366.0M
$590.0M
Q3 25
$286.0M
$918.0M
Q2 25
$-21.0M
$327.0M
Q1 25
$-286.0M
$-49.0M
Q4 24
$327.0M
$676.0M
Q3 24
$330.0M
$699.0M
Q2 24
$282.0M
$493.0M
Q1 24
$-111.0M
$24.0M
Free Cash Flow
FLR
FLR
OC
OC
Q4 25
$-378.0M
$333.0M
Q3 25
$273.0M
$752.0M
Q2 25
$-35.0M
$129.0M
Q1 25
$-297.0M
$-252.0M
Q4 24
$296.0M
$479.0M
Q3 24
$279.0M
$558.0M
Q2 24
$234.0M
$336.0M
Q1 24
$-145.0M
$-128.0M
FCF Margin
FLR
FLR
OC
OC
Q4 25
-9.1%
15.5%
Q3 25
8.1%
28.0%
Q2 25
-0.9%
4.7%
Q1 25
-7.5%
-10.0%
Q4 24
6.9%
16.9%
Q3 24
6.8%
18.3%
Q2 24
5.5%
12.0%
Q1 24
-3.9%
-5.6%
Capex Intensity
FLR
FLR
OC
OC
Q4 25
0.3%
12.0%
Q3 25
0.4%
6.2%
Q2 25
0.4%
7.2%
Q1 25
0.3%
8.0%
Q4 24
0.7%
6.9%
Q3 24
1.2%
4.6%
Q2 24
1.1%
5.6%
Q1 24
0.9%
6.6%
Cash Conversion
FLR
FLR
OC
OC
Q4 25
Q3 25
Q2 25
-0.01×
0.90×
Q1 25
Q4 24
0.18×
Q3 24
6.11×
2.18×
Q2 24
1.67×
1.73×
Q1 24
-1.88×
0.08×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FLR
FLR

Urban Solutions Segment$2.6B63%
Energy Solutions Segment$943.0M23%
Mission Solutions Segment$600.0M14%

OC
OC

Insulation$724.0M34%
Residential$625.0M29%
Doors$427.0M20%
Discontinued Operations Disposed Of By Sale$299.0M14%
Commercial And Industrial Sector$101.0M5%

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