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

U.S. Bancorp is the larger business by last-quarter revenue ($7.4B vs $4.2B, roughly 1.8× FLUOR CORP). U.S. Bancorp runs the higher net margin — 27.8% vs -37.7%, a 65.4% gap on every dollar of revenue. On growth, U.S. Bancorp posted the faster year-over-year revenue change (5.1% vs -2.0%). Over the past eight quarters, FLUOR CORP's revenue compounded faster (5.7% CAGR vs 4.7%).

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.

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

FLR vs USB — Head-to-Head

Bigger by revenue
USB
USB
1.8× larger
USB
$7.4B
$4.2B
FLR
Growing faster (revenue YoY)
USB
USB
+7.1% gap
USB
5.1%
-2.0%
FLR
Higher net margin
USB
USB
65.4% more per $
USB
27.8%
-37.7%
FLR
Faster 2-yr revenue CAGR
FLR
FLR
Annualised
FLR
5.7%
4.7%
USB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FLR
FLR
USB
USB
Revenue
$4.2B
$7.4B
Net Profit
$-1.6B
$2.0B
Gross Margin
3.2%
Operating Margin
1.3%
34.4%
Net Margin
-37.7%
27.8%
Revenue YoY
-2.0%
5.1%
Net Profit YoY
-184.4%
23.0%
EPS (diluted)
$-9.40
$1.26

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
USB
USB
Q4 25
$4.2B
$7.4B
Q3 25
$3.4B
$7.3B
Q2 25
$4.0B
$7.0B
Q1 25
$4.0B
$7.0B
Q4 24
$4.3B
$7.0B
Q3 24
$4.1B
$6.9B
Q2 24
$4.2B
$6.9B
Q1 24
$3.7B
$6.7B
Net Profit
FLR
FLR
USB
USB
Q4 25
$-1.6B
$2.0B
Q3 25
$-697.0M
$2.0B
Q2 25
$2.5B
$1.8B
Q1 25
$-241.0M
$1.7B
Q4 24
$1.9B
$1.7B
Q3 24
$54.0M
$1.7B
Q2 24
$169.0M
$1.6B
Q1 24
$59.0M
$1.3B
Gross Margin
FLR
FLR
USB
USB
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%
Q1 24
2.7%
Operating Margin
FLR
FLR
USB
USB
Q4 25
1.3%
34.4%
Q3 25
-14.7%
34.5%
Q2 25
-0.7%
32.7%
Q1 25
2.3%
31.0%
Q4 24
4.4%
30.1%
Q3 24
1.2%
30.2%
Q2 24
4.2%
29.9%
Q1 24
1.4%
24.9%
Net Margin
FLR
FLR
USB
USB
Q4 25
-37.7%
27.8%
Q3 25
-20.7%
27.3%
Q2 25
61.8%
25.9%
Q1 25
-6.1%
24.6%
Q4 24
43.7%
23.7%
Q3 24
1.3%
25.0%
Q2 24
4.0%
23.3%
Q1 24
1.6%
19.6%
EPS (diluted)
FLR
FLR
USB
USB
Q4 25
$-9.40
$1.26
Q3 25
$-4.30
$1.22
Q2 25
$14.81
$1.11
Q1 25
$-1.42
$1.03
Q4 24
$10.68
$1.01
Q3 24
$0.31
$1.03
Q2 24
$0.97
$0.97
Q1 24
$0.34
$0.78

Balance Sheet & Financial Strength

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

Metric
FLR
FLR
USB
USB
Cash + ST InvestmentsLiquidity on hand
$2.2B
Total DebtLower is stronger
Stockholders' EquityBook value
$3.2B
$65.2B
Total Assets
$8.2B
$692.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLR
FLR
USB
USB
Q4 25
$2.2B
Q3 25
$2.8B
Q2 25
$2.3B
Q1 25
$2.5B
Q4 24
$3.0B
Q3 24
$3.0B
Q2 24
$2.7B
Q1 24
$2.4B
Stockholders' Equity
FLR
FLR
USB
USB
Q4 25
$3.2B
$65.2B
Q3 25
$5.2B
$63.3B
Q2 25
$5.9B
$61.4B
Q1 25
$3.6B
$60.1B
Q4 24
$3.9B
$58.6B
Q3 24
$2.3B
$58.9B
Q2 24
$2.1B
$56.4B
Q1 24
$2.0B
$55.6B
Total Assets
FLR
FLR
USB
USB
Q4 25
$8.2B
$692.3B
Q3 25
$11.5B
$695.4B
Q2 25
$11.8B
$686.4B
Q1 25
$8.4B
$676.5B
Q4 24
$9.1B
$678.3B
Q3 24
$7.1B
$686.5B
Q2 24
$6.8B
$680.1B
Q1 24
$6.7B
$683.6B

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
USB
USB
Operating Cash FlowLast quarter
$-366.0M
$2.8B
Free Cash FlowOCF − Capex
$-378.0M
FCF MarginFCF / Revenue
-9.1%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
1.39×
TTM Free Cash FlowTrailing 4 quarters
$-437.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLR
FLR
USB
USB
Q4 25
$-366.0M
$2.8B
Q3 25
$286.0M
$3.4B
Q2 25
$-21.0M
$2.0B
Q1 25
$-286.0M
$-285.0M
Q4 24
$327.0M
$4.8B
Q3 24
$330.0M
$972.0M
Q2 24
$282.0M
$2.9B
Q1 24
$-111.0M
$2.7B
Free Cash Flow
FLR
FLR
USB
USB
Q4 25
$-378.0M
Q3 25
$273.0M
Q2 25
$-35.0M
Q1 25
$-297.0M
Q4 24
$296.0M
Q3 24
$279.0M
Q2 24
$234.0M
Q1 24
$-145.0M
FCF Margin
FLR
FLR
USB
USB
Q4 25
-9.1%
Q3 25
8.1%
Q2 25
-0.9%
Q1 25
-7.5%
Q4 24
6.9%
Q3 24
6.8%
Q2 24
5.5%
Q1 24
-3.9%
Capex Intensity
FLR
FLR
USB
USB
Q4 25
0.3%
Q3 25
0.4%
Q2 25
0.4%
Q1 25
0.3%
Q4 24
0.7%
Q3 24
1.2%
Q2 24
1.1%
Q1 24
0.9%
Cash Conversion
FLR
FLR
USB
USB
Q4 25
1.39×
Q3 25
1.69×
Q2 25
-0.01×
1.12×
Q1 25
-0.17×
Q4 24
0.18×
2.87×
Q3 24
6.11×
0.57×
Q2 24
1.67×
1.79×
Q1 24
-1.88×
2.02×

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%

USB
USB

Segment breakdown not available.

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