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

FLUOR CORP is the larger business by last-quarter revenue ($3.7B vs $3.7B, roughly 1.0× Sempra). Sempra runs the higher net margin — 31.5% vs 4.5%, a 27.0% gap on every dollar of revenue. On growth, Sempra posted the faster year-over-year revenue change (-3.9% vs -8.0%). Over the past eight quarters, Sempra's revenue compounded faster (21.3% CAGR vs -6.9%).

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.

Sempra is a North American public utility holding company based in San Diego, California. The company is one of the largest utility holding companies in the United States with nearly 40 million consumers.

FLR vs SRE — Head-to-Head

Bigger by revenue
FLR
FLR
1.0× larger
FLR
$3.7B
$3.7B
SRE
Growing faster (revenue YoY)
SRE
SRE
+4.1% gap
SRE
-3.9%
-8.0%
FLR
Higher net margin
SRE
SRE
27.0% more per $
SRE
31.5%
4.5%
FLR
Faster 2-yr revenue CAGR
SRE
SRE
Annualised
SRE
21.3%
-6.9%
FLR

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FLR
FLR
SRE
SRE
Revenue
$3.7B
$3.7B
Net Profit
$165.0M
$1.1B
Gross Margin
Operating Margin
Net Margin
4.5%
31.5%
Revenue YoY
-8.0%
-3.9%
Net Profit YoY
166.4%
25.1%
EPS (diluted)
$1.08

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
SRE
SRE
Q1 26
$3.7B
$3.7B
Q4 25
$4.2B
$3.3B
Q3 25
$3.4B
$2.8B
Q2 25
$4.0B
$2.7B
Q1 25
$4.0B
$3.7B
Q4 24
$4.3B
$3.1B
Q3 24
$4.1B
$2.6B
Q2 24
$4.2B
$2.5B
Net Profit
FLR
FLR
SRE
SRE
Q1 26
$165.0M
$1.1B
Q4 25
$-1.6B
$352.0M
Q3 25
$-697.0M
$95.0M
Q2 25
$2.5B
$473.0M
Q1 25
$-241.0M
$917.0M
Q4 24
$1.9B
$676.0M
Q3 24
$54.0M
$649.0M
Q2 24
$169.0M
$725.0M
Gross Margin
FLR
FLR
SRE
SRE
Q1 26
Q4 25
3.2%
Q3 25
-13.3%
Q2 25
1.4%
Q1 25
3.5%
Q4 24
4.9%
Q3 24
2.1%
Q2 24
4.2%
Operating Margin
FLR
FLR
SRE
SRE
Q1 26
Q4 25
1.3%
7.2%
Q3 25
-14.7%
10.6%
Q2 25
-0.7%
17.3%
Q1 25
2.3%
21.5%
Q4 24
4.4%
35.0%
Q3 24
1.2%
12.9%
Q2 24
4.2%
18.8%
Net Margin
FLR
FLR
SRE
SRE
Q1 26
4.5%
31.5%
Q4 25
-37.7%
10.7%
Q3 25
-20.7%
3.4%
Q2 25
61.8%
17.5%
Q1 25
-6.1%
24.9%
Q4 24
43.7%
22.0%
Q3 24
1.3%
25.3%
Q2 24
4.0%
29.2%
EPS (diluted)
FLR
FLR
SRE
SRE
Q1 26
$1.08
Q4 25
$-9.40
$0.53
Q3 25
$-4.30
$0.12
Q2 25
$14.81
$0.71
Q1 25
$-1.42
$1.39
Q4 24
$10.68
$1.04
Q3 24
$0.31
$1.00
Q2 24
$0.97
$1.12

Balance Sheet & Financial Strength

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

Metric
FLR
FLR
SRE
SRE
Cash + ST InvestmentsLiquidity on hand
$794.0M
Total DebtLower is stronger
$34.6B
Stockholders' EquityBook value
$39.5B
Total Assets
$113.5B
Debt / EquityLower = less leverage
0.88×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLR
FLR
SRE
SRE
Q1 26
$794.0M
Q4 25
$2.2B
$29.0M
Q3 25
$2.8B
$5.0M
Q2 25
$2.3B
$155.0M
Q1 25
$2.5B
$1.7B
Q4 24
$3.0B
$1.6B
Q3 24
$3.0B
$560.0M
Q2 24
$2.7B
$228.0M
Total Debt
FLR
FLR
SRE
SRE
Q1 26
$34.6B
Q4 25
$29.0B
Q3 25
$29.0B
Q2 25
$34.9B
Q1 25
$33.3B
Q4 24
$31.6B
Q3 24
$31.0B
Q2 24
$29.0B
Stockholders' Equity
FLR
FLR
SRE
SRE
Q1 26
$39.5B
Q4 25
$3.2B
$31.6B
Q3 25
$5.2B
$31.2B
Q2 25
$5.9B
$31.7B
Q1 25
$3.6B
$31.6B
Q4 24
$3.9B
$31.2B
Q3 24
$2.3B
$29.7B
Q2 24
$2.1B
$29.5B
Total Assets
FLR
FLR
SRE
SRE
Q1 26
$113.5B
Q4 25
$8.2B
$110.9B
Q3 25
$11.5B
$106.9B
Q2 25
$11.8B
$99.9B
Q1 25
$8.4B
$99.0B
Q4 24
$9.1B
$96.2B
Q3 24
$7.1B
$93.7B
Q2 24
$6.8B
$90.5B
Debt / Equity
FLR
FLR
SRE
SRE
Q1 26
0.88×
Q4 25
0.92×
Q3 25
0.93×
Q2 25
1.10×
Q1 25
1.05×
Q4 24
1.01×
Q3 24
1.04×
Q2 24
0.98×

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
SRE
SRE
Operating Cash FlowLast quarter
$420.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.3%
643.0%
Cash ConversionOCF / Net Profit
0.37×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLR
FLR
SRE
SRE
Q1 26
$420.0M
Q4 25
$-366.0M
$1.2B
Q3 25
$286.0M
$1.1B
Q2 25
$-21.0M
$784.0M
Q1 25
$-286.0M
$1.5B
Q4 24
$327.0M
$1.4B
Q3 24
$330.0M
$1.0B
Q2 24
$282.0M
$669.0M
Free Cash Flow
FLR
FLR
SRE
SRE
Q1 26
Q4 25
$-378.0M
$-2.2B
Q3 25
$273.0M
$-1.5B
Q2 25
$-35.0M
$-1.5B
Q1 25
$-297.0M
$-854.0M
Q4 24
$296.0M
$-1.1B
Q3 24
$279.0M
$-913.0M
Q2 24
$234.0M
$-1.2B
FCF Margin
FLR
FLR
SRE
SRE
Q1 26
Q4 25
-9.1%
-67.7%
Q3 25
8.1%
-52.6%
Q2 25
-0.9%
-56.3%
Q1 25
-7.5%
-23.2%
Q4 24
6.9%
-35.4%
Q3 24
6.8%
-35.5%
Q2 24
5.5%
-49.4%
Capex Intensity
FLR
FLR
SRE
SRE
Q1 26
0.3%
643.0%
Q4 25
0.3%
104.0%
Q3 25
0.4%
92.9%
Q2 25
0.4%
85.3%
Q1 25
0.3%
63.5%
Q4 24
0.7%
79.9%
Q3 24
1.2%
75.3%
Q2 24
1.1%
76.4%
Cash Conversion
FLR
FLR
SRE
SRE
Q1 26
0.37×
Q4 25
3.38×
Q3 25
11.68×
Q2 25
-0.01×
1.66×
Q1 25
1.62×
Q4 24
0.18×
2.02×
Q3 24
6.11×
1.57×
Q2 24
1.67×
0.92×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLR
FLR

Urban Solutions$2.4B67%
Energy Solutions$703.0M19%
Mission Solutions$523.0M14%

SRE
SRE

Segment breakdown not available.

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