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

Stryker Corporation is the larger business by last-quarter revenue ($7.2B vs $4.2B, roughly 1.7× FLUOR CORP). Stryker Corporation runs the higher net margin — 11.8% vs -37.7%, a 49.5% gap on every dollar of revenue. On growth, Stryker Corporation posted the faster year-over-year revenue change (11.4% vs -2.0%). Stryker Corporation produced more free cash flow last quarter ($1.9B vs $-378.0M). Over the past eight quarters, Stryker Corporation's revenue compounded faster (16.9% CAGR vs 5.7%).

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.

The Stryker is a family of eight-wheeled armored fighting vehicles derived from the Canadian LAV III, which in turn derived from the Swiss Mowag Piranha. Stryker vehicles are produced by General Dynamics Land Systems-Canada (GDLS-C) for the United States Army in a plant in London, Ontario. It has four-wheel drive (8×4) and can be switched to all-wheel drive (8×8).

FLR vs SYK — Head-to-Head

Bigger by revenue
SYK
SYK
1.7× larger
SYK
$7.2B
$4.2B
FLR
Growing faster (revenue YoY)
SYK
SYK
+13.4% gap
SYK
11.4%
-2.0%
FLR
Higher net margin
SYK
SYK
49.5% more per $
SYK
11.8%
-37.7%
FLR
More free cash flow
SYK
SYK
$2.3B more FCF
SYK
$1.9B
$-378.0M
FLR
Faster 2-yr revenue CAGR
SYK
SYK
Annualised
SYK
16.9%
5.7%
FLR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FLR
FLR
SYK
SYK
Revenue
$4.2B
$7.2B
Net Profit
$-1.6B
$849.0M
Gross Margin
3.2%
64.5%
Operating Margin
1.3%
25.2%
Net Margin
-37.7%
11.8%
Revenue YoY
-2.0%
11.4%
Net Profit YoY
-184.4%
55.5%
EPS (diluted)
$-9.40
$2.20

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
SYK
SYK
Q4 25
$4.2B
$7.2B
Q3 25
$3.4B
$6.1B
Q2 25
$4.0B
$6.0B
Q1 25
$4.0B
$5.9B
Q4 24
$4.3B
$6.4B
Q3 24
$4.1B
$5.5B
Q2 24
$4.2B
$5.4B
Q1 24
$3.7B
$5.2B
Net Profit
FLR
FLR
SYK
SYK
Q4 25
$-1.6B
$849.0M
Q3 25
$-697.0M
$859.0M
Q2 25
$2.5B
$884.0M
Q1 25
$-241.0M
$654.0M
Q4 24
$1.9B
$546.0M
Q3 24
$54.0M
$834.0M
Q2 24
$169.0M
$825.0M
Q1 24
$59.0M
$788.0M
Gross Margin
FLR
FLR
SYK
SYK
Q4 25
3.2%
64.5%
Q3 25
-13.3%
63.6%
Q2 25
1.4%
63.8%
Q1 25
3.5%
63.8%
Q4 24
4.9%
64.9%
Q3 24
2.1%
64.0%
Q2 24
4.2%
63.0%
Q1 24
2.7%
63.6%
Operating Margin
FLR
FLR
SYK
SYK
Q4 25
1.3%
25.2%
Q3 25
-14.7%
18.7%
Q2 25
-0.7%
18.5%
Q1 25
2.3%
14.3%
Q4 24
4.4%
9.0%
Q3 24
1.2%
19.7%
Q2 24
4.2%
19.4%
Q1 24
1.4%
18.5%
Net Margin
FLR
FLR
SYK
SYK
Q4 25
-37.7%
11.8%
Q3 25
-20.7%
14.2%
Q2 25
61.8%
14.7%
Q1 25
-6.1%
11.1%
Q4 24
43.7%
8.5%
Q3 24
1.3%
15.2%
Q2 24
4.0%
15.2%
Q1 24
1.6%
15.0%
EPS (diluted)
FLR
FLR
SYK
SYK
Q4 25
$-9.40
$2.20
Q3 25
$-4.30
$2.22
Q2 25
$14.81
$2.29
Q1 25
$-1.42
$1.69
Q4 24
$10.68
$1.41
Q3 24
$0.31
$2.16
Q2 24
$0.97
$2.14
Q1 24
$0.34
$2.05

Balance Sheet & Financial Strength

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

Metric
FLR
FLR
SYK
SYK
Cash + ST InvestmentsLiquidity on hand
$2.2B
$4.0B
Total DebtLower is stronger
Stockholders' EquityBook value
$3.2B
$22.4B
Total Assets
$8.2B
$47.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLR
FLR
SYK
SYK
Q4 25
$2.2B
$4.0B
Q3 25
$2.8B
$3.3B
Q2 25
$2.3B
$2.4B
Q1 25
$2.5B
$2.3B
Q4 24
$3.0B
$3.7B
Q3 24
$3.0B
$3.9B
Q2 24
$2.7B
$1.9B
Q1 24
$2.4B
$2.3B
Stockholders' Equity
FLR
FLR
SYK
SYK
Q4 25
$3.2B
$22.4B
Q3 25
$5.2B
$21.8B
Q2 25
$5.9B
$21.2B
Q1 25
$3.6B
$20.9B
Q4 24
$3.9B
$20.6B
Q3 24
$2.3B
$20.1B
Q2 24
$2.1B
$19.8B
Q1 24
$2.0B
$19.2B
Total Assets
FLR
FLR
SYK
SYK
Q4 25
$8.2B
$47.8B
Q3 25
$11.5B
$47.1B
Q2 25
$11.8B
$46.3B
Q1 25
$8.4B
$46.0B
Q4 24
$9.1B
$43.0B
Q3 24
$7.1B
$43.8B
Q2 24
$6.8B
$39.1B
Q1 24
$6.7B
$39.4B

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
SYK
SYK
Operating Cash FlowLast quarter
$-366.0M
$2.1B
Free Cash FlowOCF − Capex
$-378.0M
$1.9B
FCF MarginFCF / Revenue
-9.1%
26.1%
Capex IntensityCapex / Revenue
0.3%
3.7%
Cash ConversionOCF / Net Profit
2.52×
TTM Free Cash FlowTrailing 4 quarters
$-437.0M
$4.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLR
FLR
SYK
SYK
Q4 25
$-366.0M
$2.1B
Q3 25
$286.0M
$1.5B
Q2 25
$-21.0M
$1.1B
Q1 25
$-286.0M
$250.0M
Q4 24
$327.0M
$1.9B
Q3 24
$330.0M
$1.5B
Q2 24
$282.0M
$633.0M
Q1 24
$-111.0M
$204.0M
Free Cash Flow
FLR
FLR
SYK
SYK
Q4 25
$-378.0M
$1.9B
Q3 25
$273.0M
$1.4B
Q2 25
$-35.0M
$928.0M
Q1 25
$-297.0M
$127.0M
Q4 24
$296.0M
$1.7B
Q3 24
$279.0M
$1.3B
Q2 24
$234.0M
$481.0M
Q1 24
$-145.0M
$37.0M
FCF Margin
FLR
FLR
SYK
SYK
Q4 25
-9.1%
26.1%
Q3 25
8.1%
22.3%
Q2 25
-0.9%
15.4%
Q1 25
-7.5%
2.2%
Q4 24
6.9%
25.9%
Q3 24
6.8%
23.7%
Q2 24
5.5%
8.9%
Q1 24
-3.9%
0.7%
Capex Intensity
FLR
FLR
SYK
SYK
Q4 25
0.3%
3.7%
Q3 25
0.4%
3.1%
Q2 25
0.4%
3.0%
Q1 25
0.3%
2.1%
Q4 24
0.7%
4.1%
Q3 24
1.2%
3.1%
Q2 24
1.1%
2.8%
Q1 24
0.9%
3.2%
Cash Conversion
FLR
FLR
SYK
SYK
Q4 25
2.52×
Q3 25
1.79×
Q2 25
-0.01×
1.26×
Q1 25
0.38×
Q4 24
0.18×
3.54×
Q3 24
6.11×
1.77×
Q2 24
1.67×
0.77×
Q1 24
-1.88×
0.26×

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%

SYK
SYK

Medical$1.3B18%
Endoscopy$1.1B16%
Traumaand Extremities$1.1B15%
Instruments$925.0M13%
Knees$749.0M10%
Neuro Cranial$669.0M9%
Neurovascular$539.0M8%
Hips$499.0M7%
Other Orthopaedics$267.0M4%
Spine$8.0M0%

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