10-QPeriod: Q3 FY2025

TechnipFMC plc Quarterly Report for Q3 Ended Sep 30, 2025

Filed October 23, 2025For Securities:FTI

Summary

TechnipFMC plc (FTI) reported a solid third quarter for 2025, demonstrating robust growth in both revenue and net income attributable to the company. Total revenue for the quarter increased by 12.7% year-over-year to $2,647.3 million, primarily driven by a significant 14.4% surge in the Subsea segment, which benefited from strong backlog conversion and higher energy demand. The Surface Technologies segment also saw modest revenue growth. Net income attributable to TechnipFMC plc rose by 12.8% to $309.7 million, translating to diluted earnings per share of $0.75. The company continues to focus on its strategic iEPCI™ and Subsea 2.0® offerings, which are enhancing project economics and creating new market opportunities. TechnipFMC also maintained a strong liquidity position and continued its capital return program through dividends and share repurchases.

Financial Highlights

49 data points
Beta

Revenue

$2.65B

Net Income

$309.70M

11.7% Net Margin

EPS (Diluted)

$0.75

Total Assets

$10.25B

Cash & Equivalents

$876.60M

Free Cash Flow

$447.80M

Financial Statements
Beta
Revenue$2.65B
R&D Expenses$22.50M
SG&A Expenses$173.20M
Operating Expenses$2.24B
Operating Income$438.10M
Net Income$309.70M
EPS (Basic)$0.76
EPS (Diluted)$0.75
Shares Outstanding (Basic)409.50M
Shares Outstanding (Diluted)415.70M

Key Highlights

  • 1Total revenue for Q3 2025 increased 12.7% year-over-year to $2,647.3 million.
  • 2Net income attributable to TechnipFMC plc increased 12.8% year-over-year to $309.7 million.
  • 3Subsea segment revenue grew significantly by 14.4% year-over-year to $2,319.2 million, driven by strong backlog conversion and increased energy demand.
  • 4Diluted earnings per share for Q3 2025 were $0.75, up from $0.63 in the prior year period.
  • 5The company maintained a strong liquidity position with $876.6 million in cash and cash equivalents and $1,250.0 million availability under its revolving credit facility.
  • 6TechnipFMC repurchased $250.1 million of its ordinary shares in the third quarter of 2025.
  • 7The company's order backlog stood at a healthy $16,813.6 million as of September 30, 2025, with Subsea backlog at $16,038.2 million.

Frequently Asked Questions

The primary driver of TechnipFMC's revenue growth in the third quarter of 2025 was the Subsea segment, which experienced a 14.4% increase in revenue year-over-year. This growth was attributed to strong backlog conversion from iEPCI™ projects and services, bolstered by higher energy demand and upstream spending.

TechnipFMC maintained a strong financial position with $876.6 million in cash and cash equivalents and $1,250.0 million in credit facility availability. The company continued its commitment to returning capital to shareholders through quarterly cash dividends ($0.05 per share declared for Q3 2025) and an active share repurchase program, having repurchased $250.1 million in the third quarter of 2025.

The company's order backlog remains robust at $16,813.6 million as of September 30, 2025. The Subsea segment's backlog is particularly strong at $16,038.2 million, indicating continued activity and demand for its integrated solutions like iEPCI™ and Subsea 2.0®. While the Surface Technologies backlog saw a slight decrease, the company expects international markets, especially the Middle East, to drive future growth.

In the Q3 2025 reporting period, TechnipFMC did not report any significant one-time gains or losses comparable to the gain on disposal of the Measurement Solutions business recorded in the prior year's nine-month period. The financial results for Q3 2025 reflect core operational performance.