Summary
TechnipFMC plc reported strong financial results for the six months ended June 30, 2025, with total revenue increasing by 9.2% to $4.77 billion, primarily driven by a significant 10.9% surge in Subsea revenue. This growth is attributed to a higher backlog, increased energy demand, and upstream spending, complemented by the company's iEPCI™ and Subsea 2.0® offerings. Subsea operating profit saw a substantial increase of 44.6%, reflecting favorable activity mix and higher volumes, which more than offset increased operating expenses. The company also demonstrated robust cash flow generation, with operating activities providing $785.9 million. While investing activities used more cash due to increased capital expenditures and the absence of the prior year's asset sale proceeds, financing activities saw higher outflows primarily due to increased share repurchases and debt repayments. TechnipFMC maintains a solid liquidity position with $1.25 billion available under its revolving credit facility and has seen positive credit rating actions, including investment grade upgrades from major agencies.
Financial Highlights
49 data points| Revenue | $2.53B |
| Cost of Revenue | $1.95B |
| Gross Profit | $586.50M |
| R&D Expenses | $14.10M |
| SG&A Expenses | $173.20M |
| Operating Expenses | $2.15B |
| Operating Income | $403.70M |
| Net Income | $269.50M |
| EPS (Basic) | $0.65 |
| EPS (Diluted) | $0.64 |
| Shares Outstanding (Basic) | 415.40M |
| Shares Outstanding (Diluted) | 420.50M |
Key Highlights
- 1Total revenue for the six months ended June 30, 2025, increased by 9.2% to $4.77 billion, compared to $4.37 billion in the prior year period.
- 2Subsea segment revenue grew by 10.9% to $4.15 billion, driven by increased backlog and higher energy demand, while operating profit for the segment surged by 44.6% to $628.2 million.
- 3Operating profit for the Surface Technologies segment decreased by 60.0% to $53.6 million, impacted by the gain on sale of the Measurement Solutions business in the prior year and increased restructuring costs.
- 4Net income attributable to TechnipFMC plc increased by 19.8% to $411.5 million for the six months ended June 30, 2025.
- 5Cash provided by operating activities was robust at $785.9 million for the six months ended June 30, 2025, a significant increase from $104.2 million in the prior year.
- 6The company maintained a strong order backlog of $16.65 billion as of June 30, 2025, with the Subsea segment backlog increasing by $2.29 billion.
- 7TechnipFMC announced a quarterly cash dividend of $0.05 per share, and continued its share repurchase program, buying back $500.2 million in shares during the six-month period.