01—Abstract
Summary
Summary of the 10-Q filed October 23, 2025. Cited figures are marked; the original filing is the authoritative source.
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 milliona, 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.
02—Key points
Key Highlights
- Total revenue for Q3 2025 increased 12.7% year-over-year to $2,647.3 million.
- Net income attributable to TechnipFMC plc increased 12.8% year-over-year to $309.7 million.
- Subsea segment revenue grew significantly by 14.4% year-over-year to $2,319.2 million, driven by strong backlog conversion and increased energy demand.
- Diluted earnings per share for Q3 2025 were $0.75, up from $0.63 in the prior year period.
- The 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.
- TechnipFMC repurchased $250.1 million of its ordinary shares in the third quarter of 2025.
- The 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.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-QQ3 FY2025filed October 23, 2025Financial Statements
Q3 FY2025 against Q3 FY2024
| Line item | Q3 FY2025Q3 FY2024 | Change |
|---|---|---|
| Revenue | $2.65B$2.35B | +12.7% |
| R&D Expenses | $22.50M$15.40M | +46.1% |
| SG&A Expenses | $173.20M$187.40M | −7.6% |
| Operating Expenses | $2.24B$2.06B | +8.8% |
| Operating Income | $438.10M$322.50M | +35.8% |
| Net Income | $309.70M$274.60M | +12.8% |
| EPS (Basic) | $0.76$0.64 | +18.8% |
| EPS (Diluted) | $0.75$0.63 | +19.0% |
| Shares Outstanding (Basic) | 409.50M428.30M | −4.4% |
| Shares Outstanding (Diluted) | 415.70M438.80M | −5.3% |
05—Questions
Frequently Asked Questions
What was the main driver of TechnipFMC's revenue growth in Q3 2025?
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.
How is TechnipFMC managing its financial position and returning capital to shareholders?
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.
What is the outlook for TechnipFMC's key segments based on the order backlog?
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.
Did TechnipFMC experience any significant one-time gains or losses in the quarter?
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.
06—Continue