Fluor Corporation (FLR) vs Tutor Perini Corporation (TPC)

Fluor Corporation and Tutor Perini Corporation are both Engineering & Construction companies. Fluor Corporation is the larger, with a market value of $6.0B against $4.3B — 1.4× the size. Fluor Corporation has negative trailing earnings, so its P/E is not meaningful; Tutor Perini Corporation trades at 30.5×. Tutor Perini Corporation grew revenue faster over the last twelve months: 22.6% against −4.78%. Tutor Perini Corporation has the higher net margin (2.25% vs −12.9%) and the higher return on invested capital (64.9% vs −16.6%). Across the 19 metrics below, Tutor Perini Corporation leads on 14 and Fluor Corporation on 5.

Valuation

Metric FLR TPC Engineering & Construction median
P/E n/m 30.50 27.65
P/S 0.41 0.69 0.85
P/B 2.27 3.13 3.04
Price to free cash flow n/m 6.31 19.05
EV/EBITDA n/m 8.23 11.89
EV/Sales 0.28 0.52 1.20
Earnings yield (27.02%) 3.28% 2.77%
Free cash flow yield (3.25%) 15.85% 2.00%

Profitability

Metric FLR TPC Engineering & Construction median
Gross margin (0.80%) 11.75% 18.76%
Operating margin (1.39%) 5.64% 6.43%
Net margin (12.85%) 2.25% 2.14%
Free cash flow margin (1.32%) 10.89% 1.12%
Return on equity (45.56%) 10.73% 6.05%
Return on assets (20.66%) 2.59% 1.19%
Return on invested capital (16.58%) 64.85% 2.52%

Growth

Metric FLR TPC Engineering & Construction median
Revenue growth (TTM) (4.78%) 22.55% 18.09%
EPS growth (last fiscal year) (102.52%) 148.24% 13.42%
Revenue growth, 5-year CAGR (0.36%) 0.83% 12.23%
Net income growth, 5-year CAGR 0.00% (5.79%) 0.00%

Health

Metric FLR TPC Engineering & Construction median
Debt to equity 0.38 0.29 0.41
Current ratio 1.80 1.27 1.37
Net debt to EBITDA 8.72 (2.10) 0.38

Dividend

Metric FLR TPC Engineering & Construction median
Dividend yield — 0.33% 0.68%
Payout ratio — 0.10 0.18

Size

Metric FLR TPC Engineering & Construction median
Market cap 6.02b 4.30b 1.13b

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