Engineering · FLR
Fluor (FLR) gets 17% of its revenue from the U.S. government
What Fluor reports in its FY2025 10-K, and what federal contract records show.
Summary
Fluor reported that 17% of its FY2025 revenue came from the U.S. government: about $2.64B by our calculation of $15.5B in total. That ranks 28th of the 30 companies we cover that disclose a share.
Federal agencies obligated $4.08B in prime contracts to the 8 recipient records we matched to Fluor in federal fiscal year 2025, 48.4% of it from the Department of Defense. That is 1.55 times the U.S. government revenue the company reports.
Share of revenue over time
We have one reviewed year of Fluor's share so far. Earlier years are being checked against each 10-K and will be added after review.
| Fiscal year | U.S. gov share | U.S. gov revenue | Total revenue | Source |
|---|---|---|---|---|
| FY2025 | 17% | $2.64B | $15.5B | 10-K |
What Fluor counts as government revenue
- Definition used
- Agencies of the U.S. government
- Foreign military sales
- Not applicable
- Subcontract work
- Not stated
- Adjusted ex-FMS share
- Same as reported
“For 2025, revenue earned from agencies of the U.S. government accounted for 17% of our total revenue.”
Fluor, FY2025 Form 10-K · read the filing
New coverage: latest 10-K, picked by Claude Code; needs editor approval.
The contract record
Prime contract obligations on USAspending.gov for the 8 recipient records we matched to Fluor (obligations are not revenue).
In FFY2025, 48.4% of these obligations came from the Department of Defense and 51.6% from civilian agencies.
Contract obligations by awarding agency, FFY2025
Top 6 awarding sub-agencies; the rest grouped as Other.
| Awarding agency | Obligations | Share |
|---|---|---|
| Department of Energy | $1.90B | 46.5% |
| Department of the Navy | $1.83B | 44.8% |
| Federal Emergency Management Agency | $207M | 5.1% |
| Department of the Army | $84.4M | 2.1% |
| Department of the Air Force | $64.0M | 1.6% |
| Defense Threat Reduction Agency | $21K | 0% |
Obligations by federal fiscal year
| Federal fiscal year | Obligations | Note |
|---|---|---|
| FFY2026 | $4.57B | preliminary DoD data posts with a 90-day delay |
| FFY2025 | $4.08B | Matched to FY2025 |
| FFY2024 | $3.90B | |
| FFY2023 | $3.86B | |
| FFY2022 | $4.19B | |
| FFY2021 | $3.89B |
Largest contracts active in FFY2025
Ranked by total obligated value to date on each award (all years), among awards with activity in FFY2025. Links open the award on USAspending.gov.
| Award | Agency | Description | Obligated to date | Period |
|---|---|---|---|---|
| N0002418C2130Fluor Marine Propulsion, Llc | Department of the Navy | NAVAL NUCLEAR LABORATORY | $15.0B | 2018–2028 |
| 89233018CNR000004Fluor Marine Propulsion, Llc | Department of Energy | MANAGEMENT AND OPERATION OF THE NAVAL NUCLEAR LABORATORY AND NAVAL NUCLEAR PROPULSION PROGRAM SUPPORT | $14.8B | 2018–2028 |
| 0005Fluor Intercontinental, Inc | Department of the Army | LOGCAP IV SERVICES AFGHANISTAN | $12.6B | 2009–2025 |
| DEFE0011020Fluor Federal Petroleum Operations, Llc | Department of Energy | No description on file | $2.11B | 2014–2025 |
| W52P1J19F0403Fluor Intercontinental, Inc | Department of the Army | LOGISTICS CIVIL AUGMENTATION PROGRAM (LOGCAP) V SUPPORT SERVICES IN SUPPORT OF AFRICOM. | $409M | 2019–2027 |
| FA805121F0060Fluor Intercontinental, Inc | Department of the Air Force | HAFB OPERATION ALLIES WELCOME (REFUGE) - O21R | $352M | 2021–2022 |
| 0014Fluor Intercontinental, Inc | Department of the Army | No description on file | $264M | 2015–2026 |
| FA805124F0024Fluor Intercontinental, Inc | Department of the Air Force | PAVEMENT AND TRANSPORTATION SUPPORT, NORTH FIELD, TINIAN, CNMI | $177M | 2024–2029 |
| 70FBR423F00000123Fluor Federal Services Inc | Federal Emergency Management Agency | FEMA PUBLIC ASSISTANCE (PA) TECHNICAL ASSISTANCE CONTRACT IV (PATAC IV) TASK ORDER IN SUPPORT OF DR-4673-FL (HURRICANE IAN) AND DR-4680-FL… | $116M | 2023–2024 |
| 70FB8024F00000079Fluor Federal Services Inc | Federal Emergency Management Agency | PA-TAC V - FLORIDA MULTIPLE DISASTERS (EAST ZONE) - FEMA PUBLIC ASSISTANCE (PA) DISASTER OPERATIONS SUPPORT FOR DR-4337-FL HURRICANE IRMA… | $116M | 2024–2026 |
Recipients we matched to Fluor
These USAspending recipient records are rolled into the figures above. Readers can check each one; if a match looks wrong, tell us.
| Recipient name | UEI | How matched | FFY2025 obligations |
|---|---|---|---|
| FLUOR MARINE PROPULSION, LLC | CWHMVCX7K1N6 | USAspending parentFLUOR CORPORATION | $3.55B |
| FLUOR IDAHO LLC | YLW9AV27EKY6 | USAspending parentFLUOR CORPORATION | — |
| FLUOR INTERCONTINENTAL, INC | XMJWLE5WFT29 | USAspending parentFLUOR CORPORATION | $148M |
| FLUOR FEDERAL PETROLEUM OPERATIONS, LLC | KJDUB6XQDTN4 | USAspending parentFLUOR CORPORATION | $171M |
| FLUOR FEDERAL SERVICES INC | NZ9CUMF36PK1 | USAspending parentFLUOR CORPORATION | $207M |
| FLUOR AMEC II, LLC | KEKNU6BHHKW9 | USAspending parentFLUOR CORPORATION | — |
| FLUOR ENTERPRISES, INC. | EN3KS29K9M59 | USAspending parentFLUOR CORPORATION | — |
| FLUOR INTERCONTINENTAL GERMANY GMBH | KKF6YE2ZFPY1 | USAspending parentFLUOR CORPORATION | — |
Joint ventures (not included in totals)
- Savannah River Nuclear Solutions, with Huntington Ingalls. Joint ventures are not split between partners.
- Central Plateau Cleanup Company, with Amentum. Joint ventures are not split between partners.
- Fluor-BWXT Portsmouth, with BWX Technologies. Joint ventures are not split between partners.
Peers
| Company | Sector | U.S. gov share | Total revenue |
|---|---|---|---|
| FLRFluor | Engineering | 17% | $15.5B |
| JJacobs Solutions | Engineering | 8% | $12.0B |
| TTEKTetra Tech | Engineering | 32% | $5.44B |
| TXTTextron | Aerospace other sector, similar size | 27% | $14.8B |
| AMTMAmentum | Government services other sector, similar size | 81% | $14.4B |
| LDOSLeidos | Government services other sector, similar size | 87% | $17.2B |
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Sources
- Fluor, FY2025 annual report (U.S. government share) (accessed October 16, 2026)
- SEC XBRL company facts for Fluor (revenue history) (accessed October 16, 2026)
- USAspending.gov recipient profile: Fluor Marine Propulsion, Llc (accessed October 16, 2026)
- USAspending.gov API, prime contract awards (award types A–D) (accessed October 16, 2026)
- Federal Exposure methodology