TechnipFMC plc key statistics and ratios

In fiscal 2025, TechnipFMC plc had return on equity of 29.9%, an operating margin of 14.5%, debt equal to 12.8% of equity and a current ratio of 1.13. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

TechnipFMC plc: financial ratios, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Gross margin	—	100.0%	—	—	—	—	—	13.5%	16.4%	19.0%	—	—
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%
Return on equity	—	15.6%	1.2%	−16.2%	−26.8%	−55.7%	0.4%	−3.2%	1.8%	27.1%	29.9%	38.4%
Return on assets	>999%	4.2%	0.5%	−7.2%	−10.0%	−15.2%	0.1%	−1.1%	0.6%	8.6%	9.6%	12.5%
Asset turnover	154816.46	0.98	0.64	0.47	0.29	0.30	0.43	0.69	0.82	0.93	0.99	1.04
Current ratio	—	1.00	1.32	1.29	1.17	1.10	1.39	1.20	1.16	1.12	1.13	1.09
Debt to equity	0.0%	50.5%	28.8%	40.5%	58.4%	83.3%	58.9%	42.2%	34.0%	28.6%	12.8%	12.1%
Interest cover (operating income ÷ interest)	3.7x	6.7x	3.0x	n/m	n/m	n/m	1.2x	2.7x	5.4x	11.9x	17.6x	30.9x
Effective tax rate	90.7%	32.7%	80.3%	—	—	—	56.1%	—	74.9%	9.0%	23.9%	21.3%
R&D as % of revenue	0.8%	1.1%	1.4%	1.5%	2.2%	1.2%	1.2%	1.0%	0.9%	0.8%	0.8%	0.9%
SG&A as % of revenue	6.0%	6.2%	7.0%	9.1%	11.4%	11.1%	10.1%	9.2%	8.6%	7.3%	7.1%	7.0%
Capital spending as % of revenue	2.8%	3.4%	1.7%	2.9%	5.9%	3.9%	3.0%	2.4%	2.9%	3.1%	3.2%	2.5%
Free cash flow ÷ net income	>999%	46.0%	−39.7%	—	—	—	>999%	—	832.4%	80.6%	150.2%	124.1%
Dividends ÷ net income	685.4%	28.3%	53.5%	—	—	—	0.0%	—	77.4%	10.2%	8.5%	6.2%
Dividends and buybacks ÷ free cash flow	26.3%	164.9%	—	—	74.7%	14.8%	0.0%	51.6%	53.1%	71.5%	69.1%	78.6%

US$ thousands unless shown otherwise. Fiscal quarters.

TechnipFMC plc: financial ratios, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Gross margin	—	20.5%	23.1%	—	—	—	—	—
Operating margin	11.3%	12.5%	15.9%	16.5%	12.6%	15.5%	19.0%	19.5%
Net margin	9.5%	6.4%	10.6%	11.7%	9.6%	10.5%	13.1%	14.4%
Free-cash-flow margin	19.1%	17.0%	10.3%	16.9%	14.3%	11.1%	17.7%	16.2%
Current ratio	1.12	1.07	1.10	1.13	1.13	1.13	1.08	1.09
Debt to equity	28.6%	29.5%	21.4%	13.2%	12.8%	12.5%	12.3%	12.1%
R&D as % of revenue	1.1%	0.9%	0.6%	0.8%	1.1%	0.7%	0.9%	1.0%
SG&A as % of revenue	6.1%	8.2%	6.8%	6.5%	6.9%	8.7%	6.1%	6.3%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

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.

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.

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Figures from TechnipFMC plc's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to TechnipFMC plc.