Arcosa, Inc. (ACA) vs Fluor Corporation (FLR)

Arcosa, Inc. and Fluor Corporation are both Engineering & Construction companies. Arcosa, Inc. is the larger, with a market value of $7.2B against $6.4B — 1.1× the size. Fluor Corporation has negative trailing earnings, so its P/E is not meaningful; Arcosa, Inc. trades at 14.7×. Arcosa, Inc. grew revenue faster over the last twelve months: 16.7% against −4.78%. Arcosa, Inc. has the higher net margin (16.8% vs −12.9%) and the higher return on invested capital (5.49% vs −16.6%). Across the 19 metrics below, Arcosa, Inc. leads on 15 and Fluor Corporation on 4.

Valuation

Metric ACA FLR Engineering & Construction median
P/E 14.71 n/m 29.24
P/S 2.47 0.42 1.09
P/B 2.42 2.34 3.39
Price to free cash flow 38.35 n/m 24.81
EV/EBITDA 14.21 n/m 14.38
EV/Sales 2.82 0.29 1.37
Earnings yield 6.80% (26.13%) 2.83%
Free cash flow yield 2.61% (3.14%) 2.28%

Profitability

Metric ACA FLR Engineering & Construction median
Gross margin 22.80% (0.80%) 18.76%
Operating margin 12.00% (1.39%) 6.26%
Net margin 16.84% (12.85%) 2.23%
Free cash flow margin 6.45% (1.32%) 1.83%
Return on equity 17.90% (45.56%) 7.90%
Return on assets 9.53% (20.66%) 0.87%
Return on invested capital 5.49% (16.58%) 2.52%

Growth

Metric ACA FLR Engineering & Construction median
Revenue growth (TTM) 16.67% (4.78%) 16.67%
EPS growth (last fiscal year) 121.99% (102.52%) 13.42%
Revenue growth, 5-year CAGR 8.30% (0.36%) 11.76%
Net income growth, 5-year CAGR 14.35% 0.00% 0.00%

Health

Metric ACA FLR Engineering & Construction median
Debt to equity 0.48 0.38 0.40
Current ratio 3.12 1.80 1.39
Net debt to EBITDA 2.32 8.72 0.38

Dividend

Metric ACA FLR Engineering & Construction median
Dividend yield 0.14% — 0.63%
Payout ratio 0.02 — 0.17

Size

Metric ACA FLR Engineering & Construction median
Market cap 7.22b 6.38b 1.09b

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