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TechnipFMC plc (FTI) stock

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NYSE: FTI NYSE Oil & Gas Equipment & Services Next results ~February 18, 2027

B+ Fundamentals grade

TechnipFMC plc is a US-listed company in the oil & gas equipment & services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$97

Cash-flow model

Base case. Range ~$74–$130 across our lower- and higher-growth cases (5.9%–15.9% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 46% above it.

Price used: $66.87, November 2, 2026

TechnipFMC plc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 12 selling1 purchase and 21 sales by directors and officers, last 12 monthsInsider trades
  • Funds447 adding, 374 cuttingOf 79 active managers that changed their stake, 32 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter TechnipFMC files

10-Q filed October 29: TechnipFMC

Rating: Hold to Buy

TechnipFMC's revenue reached $10.7bn in the twelve months to September 2026, up 9.1% on a year earlier but slower than the 9.9% pace recorded a quarter earlier. Operating margin widened to 16.8% from 14.2%, while free-cash-flow margin held steady at 14.9%. A diluted share count down 4.7% on a year earlier has lifted the value of each remaining share. Fundamentals have improved, with the grade moving from B to B+. Our model value sits at $91.82, little changed, against a share price of $67.32, prompting a rating change from Hold to Buy. At that price, the market appears to be pricing in cash-flow growth of about 4.9% a year over five years, well below the 10.7% a year revenue growth the company has actually delivered.

Source: 10-Q filed October 29, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Technipfmc Plc stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $10.4bn, up 9.9% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin rose to 15.1% from 13.9% a year earlier. Operating margin widened to 16.0% from 13.4%. The diluted share count is down 5.0% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 7 of our 7 financial-health checks. Our cash-flow model value is $92.84 a share, against a share price of $68.86. At that price, our model says the market is pricing in about 6.3% a year of cash-flow growth for five years, slower than the 10.2% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 18, 2027 (estimated)

TechnipFMC plc's trailing-twelve-month revenue grew 9.1% year on year, with a free-cash-flow margin of 14.9%. Where it stands out: change in share count of -4.7% ranks 2 of 31 oil & gas equipment & services companies we cover.

Our discounted-cash-flow model values the business at ~$97 per share in the base case (~$74–$130 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 3.4% while net income grew 35.8%: a 32pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $66.87 is 46% below our value per share of $97.
  • Shrinking share count. Diluted shares fell 4.7% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Weakest spot: change in growth rate. Change in growth rate of -0.8pp ranks 25 of 34 oil & gas equipment & services companies we cover (median +1.5pp).

Latest results: FY2026 Q3

Filed October 29, 2026
Earnings per share
$1.05 against an average estimate of $0.88: beat by 19.4%
Revenue
$2.90bn, up 9.4% on a year earlier
Share reaction
-3.7% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Guidance given
subsea revenue $9.6bn to $9.8bn (2026); revenue $1.15bn to $1.3bn (2026)
Next report
October 29, 2026; average EPS estimate $0.77

TechnipFMC's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.8%
  • 1 week-5.0%
  • 1 month-2.8%
  • This year+50.4%
  • 1 year+62.2%
  • 5 years+830.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$10.7B
Operating margin
16.8%
Net margin
12.0%
EPS (TTM, diluted)
$3.16

Growth

Revenue growth
+9.1%
Change in growth rate
−0.8 pts
Share count change
−4.7%

Cash

Free cash flow (TTM)
$1.6B
FCF margin
14.9%
Stock pay % of revenue
1.1%

Earnings

Last results
October 29, 2026
Next results (est.)
February 18, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance
  3. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

TechnipFMC plc valuation models and calculator

What the price is pricing in

The share price implies about 3.2% a year of cash-flow growth for five years.That is slower than the 10.7% a year revenue growth TechnipFMC has delivered.

  • Priced in3.2%
  • Last 12 months9.1%
  • 3 years a year12.8%
  • 5 years a year10.7%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($67.43, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$97
Price used
$67.43close November 3, 2026
Implied change
▲ +44%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of TechnipFMC plc's free cash flow after stock-based pay with after-tax interest added back ($1.4B, FY2026 Q3 TTM), growing 7.2% and 9.3% in the next two years (forecasts, guidance and its record), then back to 10.9% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$74–~$130 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of TechnipFMC plc's free cash flow after stock-based pay ( $1.4B, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value TechnipFMC plc as an operating company, with every model that fits that kind of business. Cost of equity 9.6%: the 10-year Treasury yield (4.9%) plus a beta of 1.04 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$97 ~$74–$130 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$50 ~$46–$62 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$18 ~$13–$26 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$17 ~$15–$20 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$56 ~$17–$97 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare TechnipFMC plc with Oil & Gas Equipment & Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +32%
  • Free-cash-flow margin 1 point lower ▼ −6%
  • Last year's free-cash-flow margin change, if it persists ▼ −5%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $55$74$99$133$176$232
8.5% $43$56$75$98$129$169
10% $35$46$60$78$102$132

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$19.76$24.21$21.44$13.65$15.30$6.85$5.80$11.94$19.83$28.71$44.47$66.87
Market value$2.5bn$3.0bn$9.6bn$6.3bn$6.9bn$3.1bn$2.6bn$5.4bn$9.0bn$12.6bn$18.7bn$27.1bn
+ Net debt (− = net cash)−$3.2bn−$3.7bn−$2.9bn−$1.3bn$2.9bn$2.2bn$678m$310m$116m−$273m−$602m−$645m
Enterprise value−$662m−$688m$6.7bn$4.9bn$9.8bn$5.3bn$3.3bn$5.7bn$9.1bn$12.4bn$18.1bn$26.5bn
Multiples
Price / sales 0.2x0.3x0.6x0.5x1.0x0.5x0.4x0.8x1.1x1.4x1.9x2.5x
Price / earnings 174.7x7.7x84.8x———198.2x—159.6x15.0x19.4x21.1x
Price / free cash flow 6.7x16.7x——15.7x7.7x4.5x27.6x19.2x18.6x12.9x17.0x
EV / EBITDA n/mn/m3.4xn/m——5.8x7.5x8.8x8.0x9.6x12.1x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

39 /100

Weak moat

How hard TechnipFMC's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 0.6% of total assets over 10 years.

  • Durability 1 / 20

    Operating margin has been a median 7.3%; its worst year was -71.4%.

  • Cash conversion 10 / 20

    Free cash flow was positive in 8 of 10 years, at a median 4.5% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 9.9% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $3.15 +28% $10.7bn +8%
Next $3.63 +15% $11.4bn +6%

Next year's EPS estimate has moved +2.8% in 90 days, across 17 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +5.1% on 90 days ago. In the last 30 days, 5 analysts raised TechnipFMC plc's forecast and 0 cut it.

Consensus EPS forecast TechnipFMC plc, last 90 days
$2.80 $3.00 $3.20 $3.40 $3.60 $3.80 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.99 Current fiscal year, 60 days ago: $3.12 Current fiscal year, 30 days ago: $3.13 Current fiscal year, 7 days ago: $3.15 Current fiscal year, Now: $3.15 $3.15 Next fiscal year, 90 days ago: $3.53 Next fiscal year, 60 days ago: $3.60 Next fiscal year, 30 days ago: $3.60 Next fiscal year, 7 days ago: $3.63 Next fiscal year, Now: $3.63 $3.63

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.99$3.53
60 days ago $3.12$3.60
30 days ago $3.13$3.60
7 days ago $3.15$3.63
Now $3.15$3.63

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.88 $1.05 +19.4%
Jun 2026 $0.80 $0.91 +13.5%
Mar 2026 $0.56 $0.64 +14.3%
Dec 2025 $0.52 $0.70 +35.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 29, 2026
  • Subsea revenue 2026 $9.6bn to $9.8bn Raised
    “Subsea revenue in a range of $9.6 - 9.8 billion, which increased from the previous guidance range of $9.2 - 9.6 billion.” source
  • Revenue · Surface Technologies 2026 $1.15bn to $1.3bn Maintained vs 1.15bn to 1.3bn
    “Revenue in a range of $1.15 - 1.3 billion” source
  • Adjusted EBITDA margin · Subsea 2026 21% to 22% Non-GAAP Maintained vs 21 to 22
    “Adjusted EBITDA margin in a range of 21 - 22%” source
  • Adjusted EBITDA margin · Surface Technologies 2026 16.5% to 18% Non-GAAP Maintained vs 16.5 to 18
    “Adjusted EBITDA margin in a range of 16.5 - 18%” source
  • Corporate expense, net · Corporate and Other 2026 $115m to $125m Non-GAAP
    “Corporate expense, net $115 - 125 million” source
  • Net interest expense · Corporate and Other 2026 $10m to $20m
    “Net interest expense $10 - 20 million” source
Show 6 more items
  • Effective tax rate 2026 25% to 27% Lowered
    “Effective tax rate in a range of 25 - 27%, which decreased from the previous guidance range of 27 - 31%.” source
  • Capital expenditures 2026 about $340m Maintained vs about 340m
    “Capital expenditures approximately $340 million” source
  • Free cash flow 2026 $1.45bn to $1.55bn Non-GAAP Raised
    “Free cash flow in a range of $1.45 - 1.55 billion, which increased from the previous guidance range of $1.3 - 1.45 billion.” source
  • Subsea revenue 2027 $10bn to $10.4bn New
    “Subsea revenue in a range of $10.0 - 10.4 billion” source
  • Subsea adjusted EBITDA margin 2027 22.5% to 24% Non-GAAP New
    “Subsea adjusted EBITDA margin in a range of 22.5 - 24.0%” source
  • Subsea inbound orders next five quarters about $14.5bn
    “The robust pipeline of opportunities supports our expectation for further growth, and if we extend our view to include 2027, we expect Subsea orders over the next five quarters to be at least $14.5 billion.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows TechnipFMC plc's revenue by +7.2% next year and +9.3% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+5.6%, weight 69%) and the company's own record (+10.9%, weight 31%) . How the weights are set.

Analyst recommendations

22 analysts, Oct 2026
Buy1568%
Hold627%
Sell15%

Monthly trend

  1. Oct 2026510622
  2. Sep 202659621
  3. Aug 202659621
  4. Jul 202659621

Counts of recommendations published by analysts covering TechnipFMC plc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.9%
of tradable shares
Days to cover
5.24
at average volume
Short interest, 1 month
+18%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.4%
of shares
Employees
21,975
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +62.2%

$41.22 on October 31, 2025 to $66.87

ThenNowEffect
Revenue (last 12 months) $9.5bn $10.4bn +9.9%
Net margin 9.6% 11.3% +17.5%
P/E multiple 19.5x 23.3x +19.5%
Share count 432m 410m +5.2%

Biggest factor: p/e multiple.

Last 3 years +206.0%

$21.85 on November 3, 2023 to $66.87

ThenNowEffect
Revenue (last 12 months) $7.1bn $10.4bn +46.4%
P/S multiple 1.4x 2.6x +92.2%
Share count 446m 410m +8.8%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
FTI−15%+106%+66%+45%+55%+50%
Industry peers (median)+9%+38%−7%−9%−1%+18%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
FTI50%75%67%58%75%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
FTI−47%−37%−21%−20%−29%−17%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 86% from January 4, 2017 to March 18, 2020. Getting back needed a 600% gain, reached on April 1, 2024, 1475 days after the low.

Price behaviour

52-week range
$41.72 – $80.08
From 52-week high
−16.5%
vs 50-day average
−7.3%
vs 200-day average
−3.4%
Volatility (1 year)
32%
Beta vs S&P 500
0.37

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
9 up, 3 down
typical move ±5.0%
After a week
8 up, 3 down
typical move ±7.2%
After a month
9 up, 2 down
typical move ±11.7%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 −3.7% −2.1% — —
July 30, 2026 −0.1% +2.4% −2.9% +5.8%
April 30, 2026 −1.6% +1.3% −7.7% −11.1%
February 19, 2026 +2.0% +0.5% +8.1% +4.9%
October 23, 2025 +5.3% +1.4% +11.4% +17.8%
July 24, 2025 +8.5% +0.5% +8.3% +7.7%
April 24, 2025 +13.2% +2.8% +15.9% +18.8%
February 27, 2025 +5.6% −0.1% −5.7% +12.0%
October 24, 2024 +5.2% +0.2% +6.1% +22.8%
July 25, 2024 +5.8% +0.6% +5.5% −2.1%
April 25, 2024 +3.4% +0.6% +0.8% +0.7%
February 22, 2024 +6.2% +2.1% +7.0% +25.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How TechnipFMC plc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: no liquid put with an effective price at or below fair value.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

TechnipFMC plc in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) TechnipFMC plc
$7B $8B $9B $10B $11B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $7.8B Revenue (TTM), FY24 Q1: $8.1B Revenue (TTM), FY24 Q2: $8.5B Revenue (TTM), FY24 Q3: $8.8B Revenue (TTM), FY24 Q4: $9.1B Revenue (TTM), FY25 Q1: $9.3B Revenue (TTM), FY25 Q2: $9.5B Revenue (TTM), FY25 Q3: $9.8B Revenue (TTM), FY25 Q4: $9.9B Revenue (TTM), FY26 Q1: $10.2B Revenue (TTM), FY26 Q2: $10.4B Revenue (TTM), FY26 Q3: $10.7B $10.7B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $7.8B
FY24 Q1 $8.1B
FY24 Q2 $8.5B
FY24 Q3 $8.8B
FY24 Q4 $9.1B
FY25 Q1 $9.3B
FY25 Q2 $9.5B
FY25 Q3 $9.8B
FY25 Q4 $9.9B
FY26 Q1 $10.2B
FY26 Q2 $10.4B
FY26 Q3 $10.7B
Revenue growth, TTM YoY TechnipFMC plc
5% 10% 15% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 16.8% Revenue growth, TTM YoY, FY24 Q1: 18.8% Revenue growth, TTM YoY, FY24 Q2: 19.5% Revenue growth, TTM YoY, FY24 Q3: 18.2% Revenue growth, TTM YoY, FY24 Q4: 16.1% Revenue growth, TTM YoY, FY25 Q1: 13.8% Revenue growth, TTM YoY, FY25 Q2: 11.5% Revenue growth, TTM YoY, FY25 Q3: 11.2% Revenue growth, TTM YoY, FY25 Q4: 9.4% Revenue growth, TTM YoY, FY26 Q1: 9.9% Revenue growth, TTM YoY, FY26 Q2: 9.9% Revenue growth, TTM YoY, FY26 Q3: 9.1% 9.1%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 16.8%
FY24 Q1 18.8%
FY24 Q2 19.5%
FY24 Q3 18.2%
FY24 Q4 16.1%
FY25 Q1 13.8%
FY25 Q2 11.5%
FY25 Q3 11.2%
FY25 Q4 9.4%
FY26 Q1 9.9%
FY26 Q2 9.9%
FY26 Q3 9.1%
Operating margin (TTM) TechnipFMC plc
5% 10% 15% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 8.4% Operating margin (TTM), FY24 Q1: 10.2% Operating margin (TTM), FY24 Q2: 11.3% Operating margin (TTM), FY24 Q3: 12.2% Operating margin (TTM), FY24 Q4: 12.7% Operating margin (TTM), FY25 Q1: 12.7% Operating margin (TTM), FY25 Q2: 13.4% Operating margin (TTM), FY25 Q3: 14.2% Operating margin (TTM), FY25 Q4: 14.5% Operating margin (TTM), FY26 Q1: 15.2% Operating margin (TTM), FY26 Q2: 16.0% Operating margin (TTM), FY26 Q3: 16.8% 16.8%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 8.4%
FY24 Q1 10.2%
FY24 Q2 11.3%
FY24 Q3 12.2%
FY24 Q4 12.7%
FY25 Q1 12.7%
FY25 Q2 13.4%
FY25 Q3 14.2%
FY25 Q4 14.5%
FY26 Q1 15.2%
FY26 Q2 16.0%
FY26 Q3 16.8%
FCF margin (TTM) TechnipFMC plc
5% 10% 15% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 6.0% FCF margin (TTM), FY24 Q1: 9.0% FCF margin (TTM), FY24 Q2: 9.5% FCF margin (TTM), FY24 Q3: 9.7% FCF margin (TTM), FY24 Q4: 7.5% FCF margin (TTM), FY25 Q1: 13.3% FCF margin (TTM), FY25 Q2: 13.9% FCF margin (TTM), FY25 Q3: 15.8% FCF margin (TTM), FY25 Q4: 14.6% FCF margin (TTM), FY26 Q1: 13.2% FCF margin (TTM), FY26 Q2: 15.1% FCF margin (TTM), FY26 Q3: 14.9% 14.9%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 6.0%
FY24 Q1 9.0%
FY24 Q2 9.5%
FY24 Q3 9.7%
FY24 Q4 7.5%
FY25 Q1 13.3%
FY25 Q2 13.9%
FY25 Q3 15.8%
FY25 Q4 14.6%
FY26 Q1 13.2%
FY26 Q2 15.1%
FY26 Q3 14.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar TechnipFMC took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $9.9B
  2. Research and development $83.1M · 0.8%
  3. Selling, general and admin $705M · 7.1%
  4. Other operating costs $7.7B · 77.6%
  5. Operating income $1.4B · 14.5%
  6. Income tax $303M · 3.0%
  7. Interest and other $169M · 1.7%
  8. Net income $964M · 9.7%

Shares of revenue. Source: TechnipFMC's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 11.5 9.2 15.1 12.6 7.0 6.5 6.4 6.7 7.8 9.1 9.9 10.7
Gross profit — 9.2 — — — — — 0.9 1.3 1.7 — —
EBITDA 0.9 1.1 2.0 0.0 −1.6 −2.8 0.6 0.8 1.0 1.6 1.9 2.2
Operating income 0.6 0.8 1.4 −0.5 −2.1 −3.2 0.2 0.4 0.7 1.2 1.4 1.8
Net income 0.0 0.4 0.1 −1.9 −2.4 −3.3 0.0 −0.1 0.1 0.8 1.0 1.3
Diluted EPS $0.13 $2.35 $0.24 −$4.20 −$5.39 −$7.33 $0.03 −$0.24 $0.12 $1.91 $2.30 $3.16
Growth (year on year)
Revenue — −19.8% +63.7% −16.6% −44.6% −6.0% −1.9% +4.6% +16.8% +16.1% +9.4% +9.1%
EBITDA — +19.6% +84.6% −99.1% — — — +32.4% +37.6% +49.6% +21.2% +20.2%
Operating income — +38.4% +76.8% −139.3% — — — +105.0% +75.1% +75.8% +24.1% +29.2%
Net income — — −71.2% — — — — — — — +14.4% +35.8%
Diluted EPS — — −89.8% — — — — — — — +20.4% +42.5%
Margins
Gross margin — 100.0% — — — — — 13.5% 16.4% 19.0% — —
EBITDA margin 7.8% 11.6% 13.1% 0.1% −23.6% −43.4% 8.9% 11.2% 13.2% 17.1% 18.9% 20.6%
Operating margin 4.8% 8.3% 9.0% −4.2% −30.3% −49.7% 2.9% 5.6% 8.4% 12.7% 14.5% 16.8%
Net margin 0.1% 4.3% 0.8% −15.3% −34.8% −50.3% 0.2% −1.6% 0.7% 9.3% 9.7% 12.0%
Free-cash-flow margin 3.3% 2.0% −0.3% −4.4% 6.3% 6.1% 9.2% 2.9% 6.0% 7.5% 14.6% 14.9%
Cash flow
Cash from operations 0.7 0.5 0.2 −0.2 0.8 0.7 0.8 0.4 0.7 1.0 1.8 1.9
Capital spending 0.3 0.3 0.3 0.4 0.4 0.3 0.2 0.2 0.2 0.3 0.3 0.3
Free cash flow 0.4 0.2 −0.0 −0.6 0.4 0.4 0.6 0.2 0.5 0.7 1.4 1.6
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1
Free cash flow after stock pay 0.3 0.2 −0.1 −0.6 0.4 0.4 0.6 0.2 0.4 0.6 1.4 1.5
Balance sheet
Cash 3.2 6.3 6.7 5.5 1.6 1.3 1.3 1.1 1.0 1.2 1.0 1.0
Total debt 0.0 2.6 3.9 4.2 4.5 3.5 2.0 1.4 1.1 0.9 0.4 0.4
Net debt (negative = net cash) −3.2 −3.7 −2.9 −1.3 2.9 2.2 0.7 0.3 0.1 −0.3 −0.6 −0.6
Diluted shares 127m 125m 448m 458m 448m 449m 455m 450m 452m 441m 420m 406m
Returned to shareholders
Dividends 0.1 0.1 0.1 0.2 0.2 0.1 0.0 0.0 0.0 0.1 0.1 0.1
Buybacks 0.0 0.2 0.1 0.4 0.1 0.0 0.0 0.1 0.2 0.4 0.9 1.2
Total returned 0.1 0.3 0.1 0.7 0.3 0.1 0.0 0.1 0.2 0.5 1.0 1.3

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

7 of 7 checks passed · September 30, 2026
What it owns · $10.4bn
Short-term assets $5.9bnLonger-term assets $4.5bn
What it owes, and who funded it · $10.4bn
Short-term liabilities $5.4bnLonger-term liabilities $1.7bnShareholders' equity $3.3bn
  • Short-term assets cover short-term liabilities $5.9bn of assets due within a year against $5.4bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $5.9bn short-term assets against $1.7bn of longer-dated liabilities.
  • More cash than debt $1.0bn of cash against $404m of debt.
  • Debt below 40% of shareholders' equity Debt is 12% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 50% to 12% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.9bn of operating cash flow against $404m of debt.
  • Operating profit covers interest at least five times over Operating income of $1.8bn against $58m of interest.

From TechnipFMC plc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$1.2B
Dividends (TTM)
$79.4M
Returned to shareholders
79%
of free cash flow
Buybacks, last 3 fiscal years
$1.5B
Diluted share count
−4.7%
year over year
Total shareholder yield
4.8%
dividends 0.3% + buybacks 4.5% of market value
Dividend payout ratio
6%
of net income paid out
R&D spending
0.9%
of revenue
Sales & admin spending
7.0%
of revenue

Competitors: side by side with peers

Closest by revenue in oil & gas equipment & services
Last 12 months unless stated FTI NOV HAL WFRD LBRT BKR Median
Revenue, last 12 months $10.7bn $8.7bn $22.5bn $4.7bn $4.4bn $28.7bn $1.2bn
Revenue growth, last 12 months 9.1% −1.0% 1.5% −5.7% 13.6% 3.7% 3.7%
Revenue growth, 3-year average 12.8% 1.5% −0.6% −2.0% −3.2% 5.4% 2.0%
Revenue growth, latest quarter 9.4% 2.3% 1.8% −7.2% 26.3% 14.5% 7.3%
Gross margin — 20.7% — 21.2% 18.0% 18.6% 21.1%
Operating margin 16.8% 5.5% 12.6% 12.4% 1.7% 11.1% 7.3%
Operating margin, 3-year average 14.4% 7.2% 13.6% 15.0% 4.9% 8.6% 7.2%
Net margin 12.0% 1.6% 8.9% 8.6% 0.9% 10.1% 2.6%
Cash from operations / revenue 17.5% 7.0% 11.7% 16.4% 12.6% 15.7% 11.7%
Free-cash-flow margin 14.9% 3.1% 7.1% 12.3% −14.7% 11.2% 2.0%
Free-cash-flow margin, 3-year average 13.5% 7.3% 8.7% 10.6% −2.2% 8.4% 4.0%
Stock pay / revenue 1.1% 0.8% — 1.1% 0.8% 0.7% 1.1%
Change in share count −4.7% −4.5% −2.9% −1.2% 0.1% — 1.0%

Median of all 35 companies we cover in oil & gas equipment & services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

35 oil & gas equipment & services companies
Measure Company Peer median Rank
Revenue growth Growth 9.1% 3.7% 10 of 35
Change in growth rate Growth -0.8pp +1.5pp 25 of 34
Operating margin Profitability 16.8% 7.2% 7 of 32
Net margin Profitability 12.0% 2.6% 4 of 35
Free-cash-flow margin Cash generation 14.9% 2.0% 4 of 35
Stock pay as % of revenue Cash generation 1.1% 1.1% 18 of 32
Long-term debt as % of assets Balance sheet 2.7% 22.6% 5 of 32
Change in share count Balance sheet -4.7% 1.0% 2 of 31

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Subsea $8.7B 87.2% ▲ 10.8%
Surface Technologies $1.3B 12.8% ▲ 0.3%
Products and services
Line of business Revenue YoY
Services $5.6B ▲ 2.2%
Products $4B ▲ 20.4%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
Brazil $2.2B 21.7% ▲ 26.2%
United States $1.4B 14.5% ▼ 18.7%
NO $1.4B 13.8% ▲ 19.5%
United Kingdom $840M 8.5% ▼ 2.6%
All Other Countriesmember $768M 7.7% ▲ 1.6%
GY $749M 7.5% ▼ 5.9%
AO $536M 5.4% ▼ 35.4%
Australia $391M 3.9% ▲ 11.7%
NG $327M 3.3% ▲ 188.0%
ID $326M 3.3% ▲ 93.0%
Israel $268M 2.7% ▲ 196.8%
MZ $217M 2.2% ▲ 121.8%
AE $214M 2.2% ▲ 9.9%
SA $196M 2.0% ▲ 4.2%
SR $132M 1.3% ▲ 1677.0%

From TechnipFMC plc's 10-K filed February 19, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$25.6B
Institutions reporting
814
Shares held vs prior quarter
▼ 1.1%
Positions opened / closed
146 / 95

Top buyers and sellers, Q2 2026: 447 institutions bought and 374 sold ; the biggest buyer was Blackrock, Inc (+5.2M shares) and the biggest seller T. Rowe Price Investment Management, Inc (−7.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $3.1B 46.5M 12.0% ▲ 12.6%
Price T Rowe Associates Inc $1.7B 25.7M 6.7% ▼ 17.7%
Vanguard Portfolio Management LLC $1.2B 18.8M 4.9% ▲ 0.4%
Vanguard Capital Management LLC $1.2B 18.0M 4.7% ▲ 0.2%
State Street Corp $1B 15.6M 4.0% ▲ 20.7%
AQR Capital Management LLC $972M 14.7M 3.8% ▼ 17.5%
Capital World Investors $953M 14.4M 3.7% ▲ 0.2%
FMR LLC $834M 12.6M 3.3% ▼ 19.7%
Invesco Ltd. $795M 12.0M 3.1% ▼ 17.3%
T. Rowe Price Investment Management, Inc. $615M 9.3M 2.4% ▼ 44.6%
Geode Capital Management, LLC $587M 8.6M 2.3% ▼ 1.6%
Boston Partners $573M 8.6M 2.2% ▲ 4.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not TechnipFMC plc's complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $499,971 1 trade by 1 insider, last 12 months Insider sales History → $77.6M 21 trades by 12 insiders · 97% under pre-set plans
Net ▼ $77.1M net selling
Insider Date Trade Shares Price Value
Conti Thierry President, EMS September 21, 2026 Sell pre-set plan 6,000 $71.85 $431,100
Mullins Eric D. Director August 14, 2026 Buy 6,365 $78.55 $499,971
Oleary John C G Director May 19, 2026 Sell 6,350 $72.79 $462,217
Duffe Luana EVP, New Energy May 5, 2026 Sell 1,870 $74.39 $139,109
Priestly Kay G Director May 5, 2026 Sell 6,000 $74.66 $447,960
Farley Claire S Director May 5, 2026 Sell 4,500 $74.66 $335,970
Zurquiyah Rousset Sophie Director March 24, 2026 Sell 6,350 $69.32 $440,182
Melin Alf EVP & Chief Financial Officer March 10, 2026 Sell pre-set plan 43,554 $63.13 $2.7M
Light David SVP & Chief Accounting Officer March 9, 2026 Sell pre-set plan 6,622 $62.43 $413,411
Melin Alf EVP & Chief Financial Officer March 9, 2026 Sell pre-set plan 30,532 $61.28 $1.9M
Melin Alf EVP & Chief Financial Officer March 9, 2026 Sell pre-set plan 53,189 $62.14 $3.3M
Duffe Luana EVP, New Energy March 9, 2026 Sell pre-set plan 47,951 $62.43 $3M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 3 trades and filings

No trades in TechnipFMC plc disclosed in the last 12 months; 3 earlier trades on record.

  • Carlos Curbelo(FL):Purchase, $1,001 - $15,000, traded August 28, 2018, filed September 25, 2018
  • Ken Buck(R-CO 4):Sale (full), $1,001 - $15,000, traded November 7, 2017, filed December 11, 2017
  • Ken Buck(R-CO 4):Purchase, $1,001 - $15,000, traded October 27, 2017, filed November 2, 2017

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 18, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • July 30, 2026
  • April 30, 2026
  • February 19, 2026
  • October 23, 2025
  • July 24, 2025

Recent SEC filings

Data status

When each part of this page on TechnipFMC plc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

TechnipFMC plc in brief

What does TechnipFMC plc do?
TechnipFMC plc is a US-listed company in the oil & gas equipment & services industry. Its financial year ends in December.
What is TechnipFMC plc's stock ticker?
TechnipFMC plc trades under the ticker FTI on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is TechnipFMC plc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, TechnipFMC plc reported revenue of $10.7B, 9.1% higher than a year earlier, according to its SEC filings.
What is TechnipFMC plc's free cash flow?
TechnipFMC plc's free-cash-flow margin is 14.9% of revenue over the trailing twelve months, ranking 4 of the 35 oil & gas equipment & services companies we cover.
What is TechnipFMC plc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of TechnipFMC plc's free cash flow after stock-based pay gives ~$97 per share in the base case, and ~$74–$130 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are TechnipFMC plc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Price T Rowe Associates Inc and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is TechnipFMC plc buying back stock, and does it pay a dividend?
TechnipFMC plc spent $1.2B on share repurchases over the trailing twelve months, and its diluted share count fell 4.7% over the year.
What is TechnipFMC plc's market cap?
On November 2, 2026, TechnipFMC plc's market capitalisation was about $27.1B, with a price-to-earnings ratio of 21.1 and net debt of -$645M. Market figures come from third-party market data and may be delayed.
Does TechnipFMC plc pay a dividend?
Yes: TechnipFMC plc paid $79.4M in dividends over the trailing twelve months, a dividend yield of 0.30% and a payout ratio of 6.2%.
How much debt does TechnipFMC plc have?
TechnipFMC plc's debt-to-equity ratio is 12.1%, from its latest balance sheet (49.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are TechnipFMC plc's competitors?
In our Oil & Gas Equipment & Services peer group, the companies closest to TechnipFMC plc are NOV Inc., Halliburton, Weatherford International plc, Liberty Energy Inc. and Baker Hughes. The side-by-side comparison below sets their revenue, margins and growth against TechnipFMC plc's.
Are insiders buying or selling TechnipFMC plc stock?
Over the last 12 months, TechnipFMC plc's directors and officers reported 1 open-market purchases and 21 sales on Form 4. The insider trading page charts every trade.
When is TechnipFMC plc's next earnings date?
Around February 18, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — TechnipFMC plc announces its own schedule.