TechnipFMC plc FTI
TechnipFMC plc ("TechnipFMC," the "Company," "we," or "our") is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. With our proprietary technologies and comprehensive solutions, we transform our clients' project economics, unlocking new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments - Subsea and Surface Technologies - we will continue driving change in the energy industry with our pioneering integrated ecosystems, technology leadership, and digital innovation.
Each of our approximately 22,000 employees is driven by a commitment to our clients' success and a culture of execution excellence, purposeful innovation, and challenging industry conventions.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.93B | $9.08B | $7.82B | $6.70B | $6.40B | $6.53B | $6.95B | $12.55B | $15.06B | $9.20B |
| Cost of revenue | — | $7.36B | $6.54B | $5.79B | — | — | — | — | $9.98B | $7.59B |
| Gross profit | — | $1.72B | $1.28B | $907.1M | — | — | — | — | $5.07B | $1.61B |
| R&D | $83.1M | $73.4M | $69.0M | $67.0M | $78.4M | $75.3M | $149.5M | $189.2M | $212.9M | $105.4M |
| SG&A | $705.3M | $667.1M | $675.9M | $616.8M | $644.9M | $724.1M | $795.7M | $1.14B | $1.06B | $572.6M |
| Total operating expenses | $8.61B | $8.13B | $7.32B | $6.50B | $6.37B | $10.04B | $9.31B | $13.47B | $14.09B | $8.74B |
| Operating income | $1.44B | $1.16B | $658.2M | $375.9M | $183.4M | -$3.24B | -$2.11B | -$532.7M | $1.35B | $766.1M |
| Interest expense | $81.4M | $97.4M | $122.2M | $138.7M | $157.3M | $134.1M | $134.9M | $482.3M | $456.0M | $114.1M |
| Pre-tax income | $1.27B | $940.4M | $206.6M | $68.9M | $198.1M | -$3.50B | -$2.57B | -$1.49B | $679.7M | $551.4M |
| Income tax | $302.9M | $85.1M | $154.7M | $105.4M | $111.1M | $19.4M | $79.0M | $422.7M | $545.5M | $180.3M |
| Net income | $963.9M | $842.9M | $56.2M | -$107.2M | $13.3M | -$3.29B | -$2.42B | -$1.92B | $113.3M | $393.3M |
| EPS, basic | 2.34 | 1.96 | 0.13 | -0.24 | 0.03 | -7.33 | -5.39 | -4.20 | 0.24 | 3.29 |
| EPS, diluted | 2.30 | 1.91 | 0.12 | -0.24 | 0.03 | -7.33 | -5.39 | -4.20 | 0.24 | 3.16 |
| Shares, diluted (wtd. avg.) | $419.7M | $440.5M | $452.3M | $449.5M | $454.6M | $448.7M | $448.0M | $458.0M | $448.0M | $125.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.03B | $1.16B | $951.7M | $1.06B | $1.33B | $1.27B | $1.56B | $5.54B | $6.74B | $6.27B |
| Receivables | — | — | — | — | — | — | $2.29B | $2.47B | $1.48B | $1.47B |
| Inventory | $1.15B | $1.08B | $1.10B | $1.04B | $1.03B | $1.25B | $1.42B | $1.25B | $987.0M | $334.7M |
| Total current assets | $5.55B | $5.47B | $5.20B | $4.99B | $5.34B | $11.44B | $11.89B | $11.78B | $12.98B | $10.94B |
| Property, plant and equipment | $2.29B | $2.13B | $2.27B | $2.35B | $2.60B | $2.76B | $3.16B | $3.26B | $3.87B | $2.62B |
| Goodwill | — | — | — | — | — | $2.51B | $3.13B | $7.61B | $8.93B | $3.72B |
| Other intangibles | $425.7M | $508.3M | $601.6M | $716.0M | $813.7M | $851.3M | $1.09B | $1.18B | $1.33B | $173.7M |
| Total assets | $10.12B | $9.87B | $9.66B | $9.44B | $10.02B | $19.69B | $23.52B | $24.78B | $28.26B | $18.68B |
| Accounts payable | $1.18B | $1.30B | $1.36B | $1.28B | $1.29B | $1.20B | $2.66B | $2.60B | $3.96B | $3.84B |
| Short-term debt | $34.3M | $277.9M | $153.8M | $367.3M | $277.6M | $624.7M | $495.4M | $67.4M | $77.1M | $683.6M |
| Total current liabilities | $4.91B | $4.86B | $4.47B | $4.17B | $3.85B | $10.42B | $10.14B | $9.14B | $9.83B | $10.89B |
| Long-term debt | $395.7M | $607.3M | $913.5M | $999.3M | $1.73B | $2.84B | $3.98B | $4.12B | $3.78B | $1.87B |
| Total liabilities | $6.71B | $6.73B | $6.48B | $6.17B | $6.60B | $15.43B | $15.79B | $14.36B | $14.85B | — |
| Retained earnings | -$3.76B | -$4.31B | -$4.99B | -$5.01B | -$4.90B | -$4.92B | -$1.56B | $1.07B | $3.45B | $3.40B |
| Total equity | $3.36B | $3.09B | $3.17B | $3.28B | $3.42B | $4.21B | $7.69B | $10.39B | $13.37B | $5.00B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.76B | $961.0M | $693.0M | $352.1M | $781.3M | $656.9M | $848.5M | -$185.4M | $210.7M | $493.8M |
| Depreciation and amortisation | $441.8M | $392.7M | $377.8M | $377.2M | $385.4M | $412.1M | $467.7M | $550.4M | $614.7M | $300.7M |
| Capital expenditure | $317.2M | $281.6M | $225.2M | $157.9M | $191.7M | $256.1M | $412.7M | $368.1M | $255.7M | $312.9M |
| Investing cash flow | -$298.3M | -$75.8M | -$125.6M | $162.2M | $817.3M | -$180.6M | -$419.8M | -$460.2M | $1.25B | $3.11B |
| Financing cash flow | -$1.62B | -$648.0M | -$656.5M | -$796.7M | -$5.07B | -$1.08B | -$784.4M | -$444.8M | -$1.05B | -$534.6M |
| Dividends paid | $82.3M | $85.9M | $43.5M | $0 | $0 | $59.2M | $232.8M | $238.1M | $60.6M | $111.5M |
| Buybacks | — | — | — | — | $0 | $0 | $92.7M | $442.6M | $58.5M | $186.8M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001681459-26-000016.
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