TechnipFMC plc (FTI) vs SLB Limited (SLB)

TechnipFMC plc and SLB Limited are both Oil & Gas Equipment & Services companies. SLB Limited is the larger, with a market value of $76.3B against $27.8B — 2.7× the size. TechnipFMC plc trades at the lower P/E: 24.2× against 24.8×. TechnipFMC plc grew revenue faster over the last twelve months: 9.87% against 2.50%. TechnipFMC plc has the higher net margin (11.3% vs 8.53%) and the higher return on invested capital (34.3% vs 8.18%). Both pay a dividend; SLB Limited yields more (2.28% vs 0.56%). Across the 22 metrics below, TechnipFMC plc leads on 14 and SLB Limited on 8.

Valuation

Metric FTI SLB Oil & Gas Equipment & Services median
P/E 24.23 24.78 24.78
P/S 2.70 2.11 1.28
P/B 8.58 2.82 1.85
Price to free cash flow 17.76 17.02 15.03
EV/EBITDA 14.29 11.56 8.93
EV/Sales 2.65 2.36 1.40
Earnings yield 4.13% 4.04% 3.12%
Free cash flow yield 5.63% 5.88% 5.01%

Profitability

Metric FTI SLB Oil & Gas Equipment & Services median
Gross margin 22.97% 16.54% 23.27%
Operating margin 14.45% 12.35% 9.34%
Net margin 11.28% 8.53% 4.69%
Free cash flow margin 15.20% 12.41% 5.05%
Return on equity 35.76% 12.71% 4.92%
Return on assets 11.50% 5.95% 2.37%
Return on invested capital 34.31% 8.18% 4.32%

Growth

Metric FTI SLB Oil & Gas Equipment & Services median
Revenue growth (TTM) 9.87% 2.50% 6.08%
EPS growth (last fiscal year) 20.42% (24.44%) —
Revenue growth, 5-year CAGR 8.75% 8.63% 10.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FTI SLB Oil & Gas Equipment & Services median
Debt to equity 0.14 0.41 0.46
Current ratio 1.08 1.44 2.11
Net debt to EBITDA (0.31) 0.74 0.76

Dividend

Metric FTI SLB Oil & Gas Equipment & Services median
Dividend yield 0.56% 2.28% 2.12%
Payout ratio 0.00 0.31 0.00

Size

Metric FTI SLB Oil & Gas Equipment & Services median
Market cap 27.82b 76.33b 1.81b

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