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TechnipFMC plcFTI

Sector
Industrial
Industry
Oil & Gas Field Machinery & Equipment
Exchange
NYSE

Stock Price $FTI

Latest filings

You are here#24 of 25 in Energy by market cap

Filing record · 2016–202610-K1210-Q308-K82

FTI filed 12 annual reports (10-K), 30 quarterly reports (10-Q) and 82 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Sep ’17Sep ’17
  2. Leadership change8-K · Mar ’21Mar ’21
  3. Leadership change8-K · Feb ’23Feb ’23
  4. FY2024 annual report10-K · Feb ’25Feb ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  11. $9.93B
YoY changeLargest recent move+63.7%in FY17Latest +9.4%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

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All FTI Financial Metrics62 metrics

Income Statement16

Balance Sheet26

Cash Flow15

Per Share5

02—Overview

TechnipFMC plc Financial Overview 2021–2025

Updated Aug 15, 2026

TechnipFMC’s free cash flow surged 113% to hit $1.4 billiona 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 billionb 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 billionc 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 billiond. 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.

03—Filings

Recent SEC Filings

  1. 8-KTechnipFMC plc 8-K Report, Financial Results (Jul 30, 2026)TechnipFMC reported second-quarter 2026 results that were strong on nearly every measure. Revenue rose 9.0% year over year to $2,763.1 million, and diluted EPS was $0.90 on GAAP net income of $362.7 million (adjusted diluted EPS $0.91). Adjusted EBITDA was $581.9 million, or $601.2 million excluding a $19.3 million foreign exchange loss. Subsea drove the quarter, with revenue up 12.6% sequentially, operating margin of 19.6%, and inbound orders of $2.5 billion including four notable awards. Surface Technologies was weaker, with revenue down 13.3% year over year on Middle East disruption and lower North American activity, although its margin improved. Cash generation and shareholder returns were the central story. Operating cash flow was $548 million and free cash flow was $488 million. The company returned $440 million to shareholders, equal to about 90% of free cash flow, through $420 million of buybacks and $19.8 million of dividends. Net cash rose to $589.9 million from $540.4 million the prior quarter, and total backlog stood at $16.4 billion. Management reaffirmed its 2026 guidance without changes and said Subsea revenue and adjusted EBITDA margin are tracking toward the high end of their ranges. It also reiterated its target of $10 billion in Subsea inbound orders for 2026 and expects a step-up in 2027. The main watch items are the fall in Subsea backlog-to-revenue coverage over the coming years, since total backlog declined slightly sequentially, and the continued Middle East disruption affecting Surface Technologies. Inbound orders of $2.7 billion in the quarter were down 3.7% year over year, and six-month Subsea orders trail the prior year's level. Investors will want to see whether the second-half order ramp needed to reach the $10 billion target materializes.
  2. 8-KTechnipFMC plc 8-K Report, Executive Changes (Jun 1, 2026)TechnipFMC plc (NYSE: FTI) filed a Form 8-K on June 1, 2026 to report a board change: Eric D. Mullins, Chairman and Chief Executive Officer of Lime Rock Resources, was elected to the Board of Directors effective June 1, 2026, and appointed to the Audit Committee. The Board is increasing its size from nine to ten directors to accommodate the appointment. The filing is governance-related and does not contain financial results, guidance, or material financial impact disclosures. Mr. Mullins will receive non-executive director compensation consistent with the company's other non-employee directors, as described in the March 19, 2026 proxy statement, prorated for his 2026 service. Compensation follows the shareholder-approved Director Remuneration Policy. The filing also furnishes a press release (Exhibit 99.1) under Regulation FD, which is not deemed filed for Exchange Act purposes. For investors, the key takeaways are the addition of an experienced energy-sector director with private equity, Goldman Sachs natural resources, and public company board experience, and the expansion of the board by one seat. The 8-K itself does not indicate any change in strategy, operations, or financial outlook. Investors may wish to watch for any further commentary on how the new director's Audit Committee role fits into the company's oversight priorities.
  3. 8-KTechnipFMC 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.
  4. 8-KTechnipFMC plc 8-K Report, Financial Results (Apr 30, 2026)TechnipFMC (FTI) reported first-quarter 2026 results on April 30, 2026, with revenue of $2.49 billion (down 1.0% sequentially but up 11.6% year-over-year), GAAP net income of $260.5 million ($0.64 per diluted share), and adjusted EBITDA of $466.0 million (18.7% margin). Excluding a $12.8 million foreign exchange gain, adjusted EBITDA was $453.2 million (18.2% margin). Reported results were essentially clean, with only $0.4 million of net after-tax charges. The sequential comparison was distorted by a $52.1 million restructuring charge in Q4 2025, which makes the sequential EPS decline on an adjusted basis ($0.70 to $0.64) look worse than underlying operations. The quarter's key weakness was orders. Total inbound fell 16.8% sequentially to $2.15 billion, and Subsea orders of $1.90 billion were down 18.7% sequentially and 31.7% year-over-year, producing a Subsea book-to-bill of 0.9x. Total backlog ended at $16.47 billion. Management reaffirmed its 2026 guidance without changes and said it expects order activity to strengthen through the year, supporting its target of $10 billion in Subsea orders for 2026. Management also pointed to a Subsea Opportunities List of roughly $30 billion over 24 months and expects a step-up in inbound in 2027. Cash generation and capital returns were strong. Operating cash flow was $332.5 million and free cash flow was $276.9 million, though this was down from $379.9 million a year earlier. Shareholders received $284.7 million in distributions, including $264.8 million of buybacks, and net cash stood at $540.4 million. Management reiterated its commitment to returning at least 70% of free cash flow to shareholders. The Surface Technologies segment was softer, with revenue down 11.9% sequentially on Middle East project timing, and the company noted that the Middle East conflict had minimal operational impact on its results.
  5. 8-KTechnipFMC plc 8-K Report, Financial Results (Feb 19, 2026)TechnipFMC reported fourth-quarter 2025 revenue of $2,517.0 million, down 4.9% sequentially but up 6.3% year over year, with diluted EPS of $0.59 on a GAAP basis and $0.70 on an adjusted basis (excluding $43.8 million of after-tax charges and a $79.8 million non-cash tax benefit from valuation allowance releases). Adjusted EBITDA was $440.5 million, a 17.5% margin, down sequentially from 19.6% but up 270 bps year over year. Subsea drove the quarter's softness, with revenue of $2,194.2 million and a sequential margin decline to 18.9% adjusted EBITDA margin, partly reflecting seasonally lower vessel activity, higher maintenance, and $50.2 million of higher restructuring and impairment charges. For the full year, revenue grew 9.4% to $9,932.6 million, adjusted EBITDA rose 35.0% to $1,824.1 million (18.4% margin), and adjusted diluted EPS reached $2.45 versus $1.82 in 2024. Free cash flow was $1.45 billion, and shareholder distributions totaled $1.0 billion, more than double 2024 levels. Orders were $11.2 billion for the year, down 3.6%, but ending backlog rose 15.3% to $16.6 billion, with Subsea backlog at $15.9 billion. Management raised its 2026 Subsea revenue guidance to $9.2-9.6 billion and its Subsea adjusted EBITDA margin guidance to 21-22%. The quarter's key positives for investors are the strong full-year cash generation, the rising Subsea opportunity list (approximately $29 billion, sixth consecutive quarterly increase), and the shift toward higher-quality direct awards, iEPCI, and Subsea Services. The main watch items are the 4.9% sequential revenue decline, the sharp sequential Subsea margin compression, and Q4 inbound of $2.6 billion, which was 11.5% below the prior-year quarter and implies management expects roughly $10 billion of Subsea inbound in 2026 to sustain backlog growth.
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04—See also

Related Companies

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