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. In the quarter to June 2026, revenue grew 9.01%, EPS grew 41.5%, free cash flow grew 87.2% and total debt fell 40.5%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for three, operating cash flow growth for three; insiders bought in the last twelve months.
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TechnipFMC plc (FTI) Altman Z-score
TechnipFMC plc's Altman Z-score for fiscal 2025 is 2.61, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.61 | 0.80 |
| FY2024 | 1.81 | 0.64 |
| FY2023 | 1.17 | 0.50 |
| FY2022 | 0.67 | 0.29 |
| FY2021 | 0.39 | 0.81 |
| FY2020 | −0.42 | (0.65) |
| FY2019 | 0.23 | (0.62) |
| FY2018 | 0.85 | (0.54) |
| FY2017 | 1.39 | 0.42 |
| FY2016 | 0.97 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.06 | — | 0.07 | |
| Retained earnings / total assets | (0.37) | — | −0.52 | |
| EBIT / total assets | 0.13 | — | 0.43 | |
| Market value of equity / total liabilities | 2.74 | — | 1.64 | |
| Sales / total assets | 0.98 | — | 0.98 | |
| Altman Z-score | Grey zone | 2.61 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | 0.61 | ||
Z and Z″ put TechnipFMC plc in different zones: grey zone by Z, distress zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| TS Tenaris S.A. compare | 6.4× |
| HAL Halliburton Company compare | 3.3× |
| SLB SLB Limited compare | 2.7× |
| FTI TechnipFMC plc | 2.6× |
| WFRD Weatherford International PLC compare | 2.5× |
| BKR Baker Hughes Company compare | 2.2× |
| NOV NOV Inc. compare | 1.9× |
| LB LandBridge Company LLC compare | 1.8× |
| SEI Solaris Energy Infrastructure, Inc. compare | 1.6× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets