01—Abstract
Summary
Summary of the 10-K filed February 19, 2026. Cited figures are marked; the original filing is the authoritative source.
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.
02—Key points
Key Highlights
- Revenue increased by 9.4% to $9.9 billion in 2025 compared to 2024, primarily driven by the Subsea segment's strong performance.
- Subsea segment operating profit surged by 36.3% to $1.3 billion, reflecting favorable activity mix and higher volumes.
- Total inbound orders reached $11.2 billion, with a year-over-year backlog growth of 15% to $16.6 billion, signaling strong future revenue potential.
- Cash provided by operating activities more than doubled to $1.8 billion in 2025, and free cash flow grew by 113% to $1.4 billion.
- The company significantly increased shareholder distributions, returning $1.0 billion through share repurchases and dividends, and authorized an additional $2 billion in share repurchases.
- Total 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.
- TechnipFMC is strategically positioned for the energy transition, with advancements in New Energy initiatives including carbon capture and storage, offshore renewables, and hydrogen solutions.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-KFY2025filed February 19, 2026Financial Statements
FY2025 against FY2024
| Line item | FY2025FY2024 | Change |
|---|---|---|
| Revenue | $9.93B$9.08B | +9.4% |
| R&D Expenses | $83.10M$73.40M | +13.2% |
| SG&A Expenses | $705.30M$667.10M | +5.7% |
| Operating Expenses | $8.61B$8.13B | +6.0% |
| Operating Income | $1.44B$1.16B | +24.1% |
| Net Income | $963.90M$842.90M | +14.4% |
| EPS (Basic) | $2.34$1.96 | +19.4% |
| EPS (Diluted) | $2.30$1.91 | +20.4% |
| Shares Outstanding (Basic) | 412.20M429.10M | −3.9% |
| Shares Outstanding (Diluted) | 419.70M440.50M | −4.7% |
05—Questions
Frequently Asked Questions
What was the main driver of TechnipFMC's revenue growth in 2025?
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.
How did TechnipFMC manage its debt and liquidity in 2025?
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.
What is the company's outlook for the energy market in 2026?
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.
How is TechnipFMC addressing the energy transition?
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.
06—Continue