TechnipFMC plc

FTI Energy Oil & Gas Equipment & Services

TechnipFMC plc’s revenue for fiscal 2025 (year ended December 2025) was $9.9 billion, up 9.35% from fiscal 2024.

Revenue
+9.39%
EPS
+40.8%
Free cash flow
+4.89%
Total debt
−10.2%

Quarter to September 2026, against a year earlier

61.96 2.54 −3.94%
Market cap
$24.0B
P/E
19.1×
Fwd P/E
21.7×
Dividend yield
0.32%
F-score
9/9
Altman Z
2.61
Beneish M
−2.99
Dividend safety
78/100

TechnipFMC plc (FTI) Earnings & Analysis

Updated · Covers results through Q2 FY2026 · How this is made

Latest quarter

TechnipFMC reported Q2 FY2026 revenue of $2.8 billion, while the consensus estimated $2.7 billion. Consensus data put adjusted EPS, as the consensus counts it, at $0.91, compared with an estimate of $0.80. TechnipFMC’s filing says revenue rose 9.01% from Q2 FY2025, while diluted EPS increased 40.6%.

The filing attributes the revenue increase primarily to Subsea, where backlog conversion lifted iEPCI® and SPS supply activity in Latin America, Asia Pacific, Africa and the Middle East. The filing says Surface Technologies revenue declined as Middle East project activity followed scheduled timing and regional conflict affected activity, while North American drilling activity was lower. TechnipFMC reported gross margin of 24.8%, versus 23.4% a year earlier, and operating margin of 17.5%, versus 15.4%. The company reported free cash flow of $487.9 million, compared with $260.6 million in Q2 FY2025.

Q2 FY2026 Q2 FY2025 Change
Revenue $2.8 billion $2.5 billion 9.01%
Diluted EPS $0.90 $0.64 40.6%
Gross margin 24.8% 23.4% 1.4 percentage points
Operating margin 17.5% 15.4% 2.2 percentage points
Free cash flow $487.9 million $260.6 million 87.2%
Against the consensus Reported Consensus Result
Adjusted EPS $0.91 $0.80 Beat by 13.7%
Revenue $2.8 billion $2.7 billion Beat by 3.49%

Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.

What management said on the call

A transcript or other record of TechnipFMC’s latest earnings call was not available in the provided materials, so management commentary from the call cannot be reported here.

Guidance

TechnipFMC’s July 30 results release set FY2026 Subsea revenue guidance at $9.2 billion to $9.6 billion and Surface Technologies revenue guidance at $1.2 billion to $1.3 billion. The company’s FY2026 outlook also includes non-GAAP free cash flow of $1.3 billion to $1.5 billion, corporate non-GAAP operating expenses of $115.0 million to $125.0 million, and capex of $340.0 million.

Metric For Guide Previous guide Change
Free cash flow, non-GAAP FY2026 $1.3 billion–$1.5 billion — New
Capex FY2026 $340.0 million — New
Operating expenses, Corporate Non Gaap FY2026 $115.0 million–$125.0 million — New
Revenue, Surface Technologies FY2026 $1.2 billion–$1.3 billion — New
Revenue, Subsea FY2026 $9.2 billion–$9.6 billion — New