10-KPeriod: FY2025

TechnipFMC plc Annual Report, Year Ended Dec 31, 2025

Filed February 19, 2026For Securities:FTI

Summary

TechnipFMC plc reported robust financial performance for the fiscal year ending December 31, 2025, marked by significant growth in revenue and operating profit. The company's Subsea segment was the primary driver of this success, with strong revenue increases attributed to the execution of integrated projects (iEPCI™) and a growing services backlog, particularly in key regions like Brazil and Norway. The Surface Technologies segment saw a modest revenue increase, bolstered by international activity, especially in the Middle East. Financially, TechnipFMC demonstrated considerable strength with substantial growth in cash provided by operating activities and free cash flow, enabling increased shareholder distributions through share repurchases and dividends. The company also focused on strengthening its balance sheet by reducing debt and maintaining a healthy liquidity position, supported by investment-grade credit ratings. Looking ahead, TechnipFMC remains optimistic about the energy market, anticipating continued demand for oil and natural gas, with a strategic focus on technological innovation and integrated solutions to improve project economics and reduce carbon intensity across both traditional and emerging energy sectors.

Financial Highlights

50 data points
Beta

Revenue

$9.93B

Net Income

$963.90M

9.7% Net Margin

EPS (Diluted)

$2.30

Total Assets

$10.12B

Cash & Equivalents

$1.03B

Free Cash Flow

$1.45B

Financial Statements
Beta
Revenue$9.93B
R&D Expenses$83.10M
SG&A Expenses$705.30M
Operating Expenses$8.61B
Operating Income$1.44B
Net Income$963.90M
EPS (Basic)$2.34
EPS (Diluted)$2.30
Shares Outstanding (Basic)412.20M
Shares Outstanding (Diluted)419.70M

Key Highlights

  • 1Revenue increased by 9.4% to $9.9 billion in 2025 compared to 2024, primarily driven by the Subsea segment's strong performance.
  • 2Subsea segment operating profit surged by 36.3% to $1.3 billion, reflecting favorable activity mix and higher volumes.
  • 3Total inbound orders reached $11.2 billion, with a year-over-year backlog growth of 15% to $16.6 billion, signaling strong future revenue potential.
  • 4Cash provided by operating activities more than doubled to $1.8 billion in 2025, and free cash flow grew by 113% to $1.4 billion.
  • 5The company significantly increased shareholder distributions, returning $1.0 billion through share repurchases and dividends, and authorized an additional $2 billion in share repurchases.
  • 6Total debt was reduced by $455.2 million, and credit ratings were upgraded to investment-grade levels by S&P, Moody's, and Fitch, enhancing financial flexibility.
  • 7TechnipFMC is strategically positioned for the energy transition, with advancements in New Energy initiatives including carbon capture and storage, offshore renewables, and hydrogen solutions.

Frequently Asked Questions

The primary driver of TechnipFMC's revenue growth in 2025 was its Subsea segment, which experienced an 10.8% increase in revenue. This growth was fueled by the successful execution of iEPCI™ projects, flexible supply, and subsea services, particularly in key markets like Brazil, Norway, Nigeria, and Israel, reflecting strong client adoption of its integrated offerings.

TechnipFMC strengthened its financial position by reducing total short-term and long-term debt by $455.2 million in 2025, while maintaining over $1.0 billion in cash and cash equivalents. The company also benefited from upgrades to investment-grade credit ratings from S&P, Moody's, and Fitch, which improved its financial flexibility and access to capital.

TechnipFMC maintains a positive outlook for the energy market in 2026, anticipating moderate global economic growth supported by resilient consumer spending and easing monetary policies. The company expects continued investment in oil and natural gas, with offshore and Middle East markets being key areas of focus due to improved economic returns. Furthermore, TechnipFMC sees an increasing role for technology innovation in both conventional and new energy supply, leveraging its integrated solutions and digital capabilities.

TechnipFMC is actively pursuing energy transition opportunities through its New Energy business. This includes developing differentiated solutions and leveraging core competencies in areas such as greenhouse gas removal (carbon transportation and storage), offshore floating renewables, and hydrogen solutions. The company is applying its iEPCI™ model and configurable product offerings (CTO) to these new energy markets, aiming to be a system architect and integrator.