Fluor's stock fell 20% in 2025 due to project delays, cost overruns, and a $653M settlement, sparking a lawsuit and lowered outlook.

Fluor Corporation's stock dropped 20% in 2025 amid project delays, cost overruns, and design flaws on major infrastructure projects like the Gordie Howe Bridge and Texas highways. A disappointing second-quarter earnings report led to a lowered full-year outlook and shrinking backlog, triggering a class action lawsuit over alleged misleading growth claims. In the third quarter, Fluor paid $653 million to settle a legal dispute with Santos, recording it as a revenue reduction. Despite these challenges, analysts see potential for recovery, though near-term execution issues remain a concern.