TechnipFMC plcFTI
TechnipFMC plc Financial Overview 2021–2025
Updated Aug 15, 2026TechnipFMC’s free cash flow surged 113% to hit $1.4 billion in FY2025, proving that its integrated subsea project model can convert an expanding order book into hard cash. The company has successfully ridden a multi-year offshore energy upcycle, transforming from a recovering equipment supplier into a profitable cash engine focused on shareholder returns.
This financial pivot is anchored by consistent top-line expansion, with total revenue growing from $6.4 billion in FY2021 to $9.9 billion in FY2025. Operational leverage served as the primary growth driver over this period. Subsea segment operating profit jumped 36.3% year-over-year to $1.3 billion in FY2025, fueled by higher volumes and a favorable offshore activity mix. This operational momentum extended into the first half of FY2026, where total net income climbed 51.4% to reach $623.2 million. Backed by a total order backlog of $16.6 billion at the end of FY2025, the company returned $1.0 billion to shareholders through buybacks and dividends during the year while achieving investment-grade credit upgrades.
The public market materially revalued this structural turnaround. At the close of FY2025, TechnipFMC achieved a $17.9 billion market cap and a share price of $44.56. The stock traded at 19.4x earnings at year-end, reflecting firm investor confidence in the company's extended offshore revenue visibility and disciplined capital allocation strategy.
Recent Developments (Q1 and Q2 2026)
Subsea backlog conversion drove top-line acceleration during H1 2026. Total revenue expanded 10.2% year-over-year to $5.3 billion. The core Subsea segment fueled this growth, posting a 13.1% revenue increase and a 33.0% jump in operating profit. Conversely, Surface Technologies revenue dropped 9.0% over the same period, though operating margins improved due to reduced restructuring expenses. On June 1, 2026, the company expanded its Board of Directors to ten members by appointing Eric Mullins. TechnipFMC also executed $684.9 million in share repurchases during the first six months of the year.
Execution of Subsea projects across Latin America and Africa underpins sustained margin expansion. However, consecutive revenue declines in the Surface Technologies segment expose vulnerabilities in the broader equipment portfolio. The stock trades at a premium 31.3x trailing earnings as of July 30, 2026, suggesting the market has already priced in current operational momentum.
What to watch: surface technologies segment revenue stabilization; continued subsea margin expansion from Latin American deployments.
Rev
$9.93B
FY2025
NI
$963.9M
FY2025
EPS
$2.34
FY2025
OCF
$1.76B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
All FTI Financial Metrics(62)
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Recent SEC Filings
TechnipFMC plc 8-K Report, Financial Results (Jul 30, 2026)
TechnipFMC plc (FTI) has filed an 8-K on July 30, 2026, to report its financial results for the fiscal quarter ended June 30, 2026. The core of this filing is the press release detailing these results, which has been incorporated by reference. Investors should refer to the furnished Exhibit 99.1 for the comprehensive financial and operational performance data for the second quarter of 2026. While the 8-K itself does not contain a detailed breakdown, it signals the public dissemination of the company's latest financial performance. This includes key metrics such as revenue, profitability, backlog, and any segment-specific performance that would be crucial for understanding the company's trajectory in the energy services and technology sector. Investors are advised to review the attached press release for specific figures and management commentary.
TechnipFMC plc 8-K Report, Executive Changes (Jun 1, 2026)
TechnipFMC plc (FTI) announced a board refreshment with the election of Eric Mullins as a new director and appointment to the Audit Committee, effective June 1, 2026. This move expands the Board's size from nine to ten directors. Mr. Mullins' compensation will align with the Company's established director compensation practices, prorated for his service period in 2026, and is compliant with the shareholder-approved Director Remuneration Policy. The company also filed a news release related to Mr. Mullins' appointment, which is furnished under Regulation FD. Investors should note that this information is not deemed 'filed' for the purposes of Section 18 of the Exchange Act, nor is it incorporated by reference into other SEC filings unless explicitly stated. The primary impact for investors is the addition of a new director with audit committee experience, potentially enhancing board oversight.
TechnipFMC plc 8-K Report, Executive Changes (May 1, 2026)
TechnipFMC plc held its Annual General Meeting of Shareholders on May 1, 2026, where key proposals related to corporate governance and executive compensation were voted upon. The most significant outcome was the shareholder approval of Amendment No. 1 to the TechnipFMC plc 2022 Incentive Award Plan, which will affect the terms of equity-based compensation for officers and employees. Additionally, all nine director nominees were overwhelmingly re-elected, indicating strong shareholder confidence in the current board. Shareholders also provided advisory approval for the company's named executive officer compensation and directors' remuneration report for the fiscal year 2025, with high percentages of votes in favor. The appointment and reappointment of PricewaterhouseCoopers LLP (PwC) as both the U.S. independent registered public accounting firm and the U.K. statutory auditor for the upcoming fiscal year were also ratified and reappointed, respectively, with substantial support. The meeting also authorized the Board to allot equity securities, both with and without pre-emptive rights, reflecting management's need for flexibility in future capital management or strategic initiatives.
TechnipFMC plc 8-K Report, Financial Results (Apr 30, 2026)
TechnipFMC plc (FTI) has filed an 8-K on April 30, 2026, to report its financial results for the first quarter ended March 31, 2026. The filing incorporates by reference the accompanying news release, which details the company's performance. Investors should review the news release for specific figures related to revenue, profitability, and any forward-looking statements or guidance provided by management for the upcoming periods. This report serves as the primary disclosure vehicle for the company's Q1 2026 financial outcomes.
TechnipFMC plc 8-K Report, Financial Results (Feb 19, 2026)
TechnipFMC plc (FTI) has filed an 8-K on February 19, 2026, to report its financial results for the fourth quarter and full year ended December 31, 2025. The filing primarily consists of a furnished news release detailing these results. Investors should refer to the attached Exhibit 99.1 for the specific financial figures, operational performance, and forward-looking statements provided by the company. This report serves as the official dissemination of the company's most recent financial performance data.
View all 8-K filings →