TechnipFMC plc
- Open
- 76.50
- Day high
- 78.56
- Day low
- 76.50
- Prev close
- 75.84
- Volume
- 3.2M
- Mkt cap
- $30.6B
- P/E (TTM)
- 26.7
- EPS (TTM)
- $2.93
- P/B
- 9.4
- P/S
- 2.9
- Yield
- 0.26%
- Per share
- $0.20
- ▲Insiders net buying $500K over the last 3 months (1 open-market buy, 0 sales)
- 🏛Institutions accumulating (13F)
TechnipFMC plc (FTI) is a Energy company listed on NYSE. The stock is up 105% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 0 sales (SEC Form 4).
TechnipFMC plc (FTI) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
FTI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 30, 2026 | $0.80 | $0.91 | +13.2% | $2.8B | +3.3% |
| Apr 30, 2026 | $0.57 | $0.64 | +12.9% | $2.5B | -1.1% |
| Feb 19, 2026 | $0.52 | $0.70 | +35.4% | $2.5B | +0.7% |
| Oct 23, 2025 | $0.67 | $0.75 | +12.8% | $2.6B | +4.4% |
| Jul 24, 2025 | $0.59 | $0.68 | +15.4% | $2.5B | +1.7% |
| Apr 24, 2025 | $0.36 | $0.33 | -9.1% | $2.2B | -1.5% |
| Feb 27, 2025 | $0.35 | $0.54 | +52.2% | $2.4B | +2.7% |
| Oct 24, 2024 | $0.39 | $0.64 | +64.1% | $2.3B | +1.8% |
| Jul 25, 2024 | $0.31 | $0.43 | +38.7% | $2.3B | +4.0% |
| Apr 25, 2024 | $0.16 | $0.22 | +39.5% | $2.0B | +3.4% |
| Feb 22, 2024 | $0.12 | $0.14 | +16.7% | $2.1B | +9.2% |
| Oct 26, 2023 | $0.19 | $0.21 | +10.5% | $2.1B | +3.9% |
FTI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 26, 2026 | Melin Alfofficer: EVP & Chief Financial Officer | Tax | 118,843 | $75.20 |
| Aug 26, 2026 | Rounce Justinofficer: EVP & Chief Technology Officer | Tax | 118,843 | $75.20 |
| Aug 26, 2026 | Pferdehirt Douglas J.director, officer: Chair and CEO | Tax | 639,925 | $75.20 |
| Aug 18, 2026 | Mullins Eric D.director | Buy | 6,365 | $78.55 |
| Aug 4, 2026 | Aalders Cristinaofficer: EVP, Chief Legal Officer & Sec | Tax | 1,494 | $69.19 |
| Jul 27, 2026 | Rounce Justinofficer: EVP & Chief Technology Officer | Grant | 302,016 | — |
| Jul 27, 2026 | Melin Alfofficer: EVP & Chief Financial Officer | Grant | 302,016 | — |
| Jul 27, 2026 | Pferdehirt Douglas J.director, officer: Chair and CEO | Grant | 1,626,240 | — |
| Jun 2, 2026 | Mullins Eric D.director | Grant | 1,705 | — |
| May 19, 2026 | OLEARY JOHN C Gdirector | Sell | 6,350 | $72.79 |
| May 6, 2026 | FARLEY CLAIRE Sdirector | Sell | 4,500 | $74.66 |
| May 6, 2026 | Priestly Kay Gdirector | Sell | 6,000 | $74.66 |
| May 6, 2026 | Duffe Luanaofficer: EVP, New Energy | Sell | 1,870 | $74.39 |
| Mar 25, 2026 | Zurquiyah Rousset Sophiedirector | Sell | 6,350 | $69.32 |
| Feb 25, 2026 | Light Davidofficer: SVP & Chief Accounting Officer | Tax | 198 | $65.40 |
Source: FTI SEC Form 4 filings, latest Aug 26, 2026. For informational purposes only — not investment advice.
See the full FTI insider & 13F page →TechnipFMC plc company profile
Overview
TechnipFMC plc (NYSE:FTI) is a British-based multinational oil and gas services company that emerged from the 2017 merger of French subsea specialist Technip and American oilfield equipment manufacturer FMC Technologies. Founded with roots dating back to 1884, the company has evolved into a leading provider of subsea systems and surface equipment for offshore oil and gas exploration and production. TechnipFMC operates globally across Europe, the Americas, Asia Pacific, Africa, and the Middle East, serving major oil and gas companies with integrated project solutions and advanced technologies. The company has established itself as a dominant force in the subsea sector while maintaining a significant presence in surface wellhead and production equipment markets.
Business
TechnipFMC operates in the oil and gas equipment and services industry, providing critical infrastructure and technology solutions for offshore energy projects. The company's business is organized into two primary segments: Subsea Segment (approximately 85% of revenue): This division designs, engineers, manufactures, and installs complete subsea production systems that enable oil and gas extraction from deepwater reservoirs. The subsea systems include production trees (the equipment that sits on the seafloor to control well flow), manifolds that collect production from multiple wells, umbilicals that provide power and control signals, risers and flowlines that transport hydrocarbons to surface facilities, and subsea processing equipment. The company's flagship iEPCI (integrated Engineering, Procurement, Construction, and Installation) model provides turnkey project delivery, while their Subsea 2.0 platform offers standardized, configurable systems that reduce project complexity and delivery time. This segment also provides life-of-field services including maintenance, intervention, and integrity management for existing subsea infrastructure. Surface Technologies Segment (approximately 15% of revenue): This division manufactures wellhead systems, production trees, and pressure control equipment used in onshore and shallow water drilling and completion operations. Products include surface wellheads that provide structural support and pressure containment at the top of wells, completion systems for hydraulic fracturing operations, flow measurement equipment, and various pumping and processing systems. The segment serves both land-based operations and shallow water offshore projects, with particular strength in international markets including the Middle East and North America. The company's solutions span the entire lifecycle of oil and gas field development, from initial exploration through production and eventual decommissioning, with growing capabilities in emerging areas like carbon capture and storage.
Revenue model
TechnipFMC generates revenue primarily through product sales and project-based services across both business segments. The company's customers are major international oil companies, national oil companies, and independent exploration and production companies who pay for integrated project delivery and equipment supply. In the Subsea segment, revenue comes from large-scale project contracts that can range from hundreds of millions to several billion dollars. These projects typically involve multi-year execution periods where TechnipFMC provides complete subsea field development solutions under iEPCI contracts. The company also generates recurring revenue through subsea services, including maintenance, intervention, and life-of-field support services that provide steady cash flows over the 20-30 year operational life of subsea fields. The Surface Technologies segment operates on shorter cycle times, selling wellhead equipment, completion systems, and providing related services primarily on a transactional basis. Several factors significantly impact TechnipFMC's margins and profitability. Positive margin drivers include the adoption of standardized Subsea 2.0 technology which reduces manufacturing costs and project complexity, the shift toward higher-margin iEPCI integrated projects where the company captures more value across the project lifecycle, operational efficiencies from configure-to-order manufacturing processes, and the growing proportion of services revenue which typically carries higher margins than equipment sales. Margin pressures can arise from commodity price volatility affecting customer investment decisions, supply chain inflation for raw materials and components, competitive pricing pressure in commodity equipment markets, project execution risks on large integrated contracts, and currency fluctuations given the company's global operations. The company's focus on emerging offshore basins with higher-specification requirements and limited competition has helped support premium pricing, while their technology differentiation through Subsea 2.0 and iEPCI capabilities provides some protection against commoditization pressures.
Competitive moat
TechnipFMC possesses a moderately strong competitive moat built on several key advantages, though the durability of these advantages faces ongoing challenges. The company's primary moat stems from its technological leadership in subsea systems, particularly through proprietary Subsea 2.0 architecture and iEPCI project delivery capabilities that few competitors can match at scale. This technology advantage is reinforced by extensive intellectual property, decades of subsea engineering expertise, and proven execution track record on complex deepwater projects. The company benefits from high switching costs once customers commit to TechnipFMC's subsea systems, as the integrated nature of subsea infrastructure makes it costly and technically challenging to mix equipment from different suppliers within a single field development. Additionally, the company's established relationships with major oil companies, built through successful project delivery over many years, create customer stickiness and preferred vendor status for new developments. Barriers to entry in the subsea market are substantial, requiring massive capital investment in manufacturing facilities, specialized vessels, and R&D capabilities, along with years of experience to develop the technical expertise needed for deepwater projects. The limited number of qualified competitors (primarily Subsea 7, Saipem, and OneSubsea) helps maintain pricing discipline in the market. However, the moat faces potential erosion from several sources. The cyclical nature of offshore oil and gas investment creates periods of intense price competition when activity levels decline. Larger competitors like Schlumberger (OneSubsea) possess greater financial resources and broader service portfolios that could challenge TechnipFMC's market position. Additionally, the long-term energy transition toward renewables may eventually reduce demand for offshore oil and gas infrastructure, though this threat remains distant given current global energy needs and the company's expansion into offshore wind and carbon capture markets.
Risks & safety
TechnipFMC demonstrates a moderate margin of safety with solid financial fundamentals but some areas of concern: • Liquidity and Debt: Strong cash position of $1.19 billion with current ratio of 1.07, indicating adequate short-term liquidity. Debt-to-equity ratio of 0.60 is manageable but elevated. No immediate solvency concerns given strong cash generation. • Valuation Metrics: Trading at P/E of 23.5x based on recent earnings, which appears reasonable for a cyclical recovery story. EV/EBITDA of 13.5x is elevated but reflects strong earnings growth trajectory. Price-to-book of 4.3x suggests premium valuation. • Cash Generation: Strong free cash flow of $380 million in Q1 2025, with guidance for $1.0-1.15 billion annually. Operating cash flow consistently positive with improving conversion rates. • Other Considerations: Record backlog of $14.4 billion provides revenue visibility extending several years. Return on equity of 4.6% is modest but improving. Business model benefits from long-cycle nature of offshore projects, providing some earnings stability during commodity downturns.
Recent development
Over the past several years, TechnipFMC has undergone significant strategic transformation focused on technology advancement and market expansion. The company's most important development has been the successful deployment of Subsea 2.0 technology platform, which now represents 50% of current orders and 80% of recent inbound projects. This standardized, configure-to-order system has enabled the company to reduce project complexity, improve manufacturing efficiency, and achieve higher margins through industrialized production processes. The company has aggressively expanded its iEPCI (integrated Engineering, Procurement, Construction, and Installation) capabilities, which grew nearly 25% year-over-year in 2024. This integrated project delivery model allows TechnipFMC to capture more value across the project lifecycle while providing customers with single-point accountability for complex subsea developments. The company has also developed a comprehensive "vessel ecosystem" strategy, partnering with installation vessel owners to ensure project execution capabilities without the capital burden of vessel ownership. Geographic expansion into emerging offshore basins has been a key strategic focus, with particular emphasis on Guyana, Suriname, Namibia, Mozambique, and Cyprus. The company has secured significant market positions in these high-growth regions, including six project sanctions in Guyana alone. TechnipFMC has also invested heavily in local content development and talent training in these emerging markets to build sustainable competitive advantages. Recent technological innovations include the introduction of riserless coiled tubing for well intervention, electric subsea tree technologies, and advanced subsea processing capabilities demonstrated through projects like the HISEP system for Petrobras. The company has also begun expanding into adjacent markets including carbon capture and storage projects through strategic alliances, and offshore wind applications, positioning for potential energy transition opportunities while maintaining focus on core oil and gas markets.
FTI company profile · for informational purposes only — not investment advice.
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