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1. Company Snapshot

1.a. Company Description

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses in Europe, Central Asia, North and Latin America, the Asia Pacific, Africa, and the Middle East.The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.It provides subsea production and processing systems; subsea umbilicals, risers, and flowlines; vessels; and Subsea Studio for optimizing the development, execution, and operation of current and future subsea fields.


This segment also offers well and asset services; research, engineering, manufacturing, and supply chain; and product management services.The Surface Technologies segment designs, manufactures, and services products and systems used in land and shallow water exploration and production of crude oil and natural gas.This segment offers drilling and completion systems; surface wellheads and production trees systems; iComplete, a digitally enabled pressure control system; fracturing tree and manifold systems; pressure pumping; well service pumps; well control, safety and integrity systems, multiphase meter modules, in-line separation and processing systems, and standard pumps; flowback and well testing services; skid systems; automation and digital systems; and flow measurement and automation solutions.


It also offers planning, testing and installation, commissioning, operations, replacement and upgrade, maintenance, storage, preservation, intervention, integrity, decommissioning, and abandonment; and supplies flexible lines and flowline products and services.TechnipFMC plc has a strategic alliance with Talos Energy Inc.to develop and deliver technical and commercial solutions to Carbon Capture and Storage projects.


The company was founded in 1884 and is based in Newcastle Upon Tyne, the United Kingdom.

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1.b. Last Insights on FTI

TechnipFMC's recent momentum is driven by solid growth attributes, including a strong earnings prospects. Institutional investors, such as Renaissance Group LLC and Jackson Creek Investment Advisors LLC, have increased their stakes in the company, with purchases of 8,682 and 12,567 shares, respectively. Additionally, AdvisorShares Investments LLC has taken a new position in the company, valued at approximately $506,000. According to Zacks, the company's earnings prospects have led to an upgrade to a Zacks Rank #1 (Strong Buy), citing growing optimism about its earnings.

1.c. Company Highlights

2. TechnipFMC's Strong 2025 Results: A Promising Outlook

TechnipFMC reported a robust financial performance for 2025, with total company revenue growing 9% to $9.9 billion and adjusted EBITDA improving to $1.8 billion, a 33% increase from the prior year. The company's earnings per share (EPS) came in at $0.7, beating analyst estimates of $0.51. The strong EPS was driven by the company's solid operational performance, with Subsea orders reaching $10.1 billion for the full year, and a growing backlog of $15.9 billion.

Publication Date: Feb -26

📋 Highlights
  • Total Revenue & EBITDA Growth:: Revenue increased 9% to $9.9B; adjusted EBITDA rose 33% to $1.8B, driven by strong order intake and operational efficiencies.
  • Subsea Order Momentum:: Full-year Subsea inbound totaled $10.1B, with backlog reaching $15.9B, including 5 of 6 20K iEPCI projects awarded in 2025.
  • Free Cash Flow & Shareholder Returns:: Free cash flow doubled to $1.4B, with $1B returned to shareholders (dividends/share buybacks), exceeding prior-year levels.
  • Subsea Opportunity Expansion:: $29B in Subsea Opportunities recorded, reflecting accelerated offshore capital shifts and growing client portfolio approaches.
  • Product-Driven Margin Expansion:: Subsea 2.0 and iEPCI 2.0 solutions now account for 80% of Subsea inbound, enabling margin growth via configure-to-order offerings and direct awards.

Subsea Segment Driving Growth

The Subsea segment was a key driver of TechnipFMC's growth, with orders reaching $2.3 billion in the quarter and $10.1 billion for the full year. The company's iEPCI projects were a significant contributor to inbound, with TechnipFMC being awarded 5 of the 6 20K projects sanctioned thus far. The company's Subsea Services business also showed promise, with a growing share of inbound and a focus on high-quality projects.

Financial Outlook

TechnipFMC provided a positive financial outlook for 2026, with guidance for Subsea revenue to grow low single digits sequentially, and adjusted EBITDA margin expected to improve approximately 50 basis points. The company's Surface Technologies segment is expected to decline approximately 10% compared to fourth-quarter results, but with an adjusted EBITDA margin of approximately 16.5%. The company's net cash position increased to $602 million, and it expects to return at least 70% of free cash flow to shareholders in 2026.

Valuation

TechnipFMC's valuation metrics indicate a relatively high price-to-earnings (P/E) ratio of 28.75, suggesting that the market has high expectations for the company's future growth. The price-to-book (P/B) ratio is 8.24, and the price-to-sales (P/S) ratio is 2.74. The EV/EBITDA ratio is 18.9, indicating a relatively high valuation. However, the company's return on equity (ROE) is 29.62%, and return on invested capital (ROIC) is 17.67%, indicating strong profitability.

Analysts' Estimates

Analysts estimate TechnipFMC's revenue growth at 5.3% for the next year, indicating a moderate growth outlook. The company's strong backlog and growing Subsea Opportunities list provide a solid foundation for future growth. As Douglas Pferdehirt stated, "The company sees a substantial number of greenfield developments that were previously shelved due to industry inefficiencies and economic constraints." This suggests that TechnipFMC is well-positioned to capitalize on the growing demand for offshore energy projects.

3. NewsRoom

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DNB Asset Management AS Increases Stake in TechnipFMC plc $FTI

09:18

Source: defenseworld.net

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FTI Consulting Bolsters Mining Sector Expertise in Australia with Addition of Carrie Grimes

Mar -02

Source: globenewswire.com

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Reasons Why You Should Add FTI Consulting Stock to Your Portfolio

Mar -02

Source: zacks.com

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48,132 Shares in TechnipFMC plc $FTI Acquired by Bradley Foster & Sargent Inc. CT

Feb -27

Source: defenseworld.net

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Are Oils-Energy Stocks Lagging TechnipFMC (FTI) This Year?

Feb -26

Source:

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FTI Consulting Reports Fourth Quarter and Full Year 2025 Financial Results

Feb -26

Source: globenewswire.com

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TechnipFMC: A Strong Contender in the Offshore Energy Market

Feb -26

Source: fool.com

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4 High-Efficiency Stocks Beating Industry Peers on Key Profitability Ratios

Feb -25

Source: zacks.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (6.55%)

6. Segments

Subsea

Expected Growth: 6.5%

Subsea segment growth driven by increasing offshore oil and gas exploration, rising demand for deepwater production, and growing need for subsea infrastructure upgrades. TechnipFMC's leadership in subsea engineering, procurement, and construction (EPC) projects, as well as its innovative iEPCI (integrated EPC) model, position the company for continued growth.

Surface Technologies

Expected Growth: 6.8%

The 6.8% growth in Surface Technologies from TechnipFMC plc is driven by increasing demand for oil and gas production, rising adoption of digitalization and automation in the energy sector, and growing need for efficient and sustainable operations. Additionally, the segment benefits from TechnipFMC's strong brand reputation, diversified product portfolio, and strategic partnerships.

7. Detailed Products

Subsea

TechnipFMC plc provides subsea equipment and services for the oil and gas industry, including subsea trees, manifolds, and flowlines.

Surface

TechnipFMC plc offers surface wellhead and production equipment, including wellheads, trees, and flow control systems.

Process Technology

TechnipFMC plc provides process technology solutions for the oil and gas industry, including liquefied natural gas (LNG) and gas processing.

Integrated EPCI (Engineering, Procurement, Construction, and Installation)

TechnipFMC plc offers integrated EPCI services for the oil and gas industry, including project management, engineering, procurement, and installation.

Aftermarket Services

TechnipFMC plc provides aftermarket services, including maintenance, repair, and operations (MRO) services, for the oil and gas industry.

8. TechnipFMC plc's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for TechnipFMC plc is moderate due to the availability of alternative products and services in the oil and gas industry.

Bargaining Power Of Customers

The bargaining power of customers for TechnipFMC plc is low due to the company's strong market position and the lack of concentration among its customers.

Bargaining Power Of Suppliers

The bargaining power of suppliers for TechnipFMC plc is moderate due to the presence of several large suppliers in the industry, but the company's scale and diversification mitigate this risk.

Threat Of New Entrants

The threat of new entrants for TechnipFMC plc is low due to the high barriers to entry in the oil and gas industry, including significant capital requirements and regulatory hurdles.

Intensity Of Rivalry

The intensity of rivalry for TechnipFMC plc is high due to the competitive nature of the oil and gas industry, with several large players competing for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 27.90%
Debt Cost 12.08%
Equity Weight 72.10%
Equity Cost 12.08%
WACC 12.08%
Leverage 38.69%

11. Quality Control: TechnipFMC plc passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Gaztransport Technigaz

A-Score: 6.9/10

Value: 3.0

Growth: 8.1

Quality: 9.4

Yield: 6.9

Momentum: 8.5

Volatility: 5.7

1-Year Total Return ->

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Stock-Card
Subsea 7

A-Score: 6.4/10

Value: 6.9

Growth: 6.9

Quality: 5.1

Yield: 6.2

Momentum: 6.0

Volatility: 7.0

1-Year Total Return ->

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Stock-Card
Technip Energies

A-Score: 6.2/10

Value: 7.5

Growth: 5.2

Quality: 6.1

Yield: 4.4

Momentum: 9.0

Volatility: 5.0

1-Year Total Return ->

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Stock-Card
SBM Offshore

A-Score: 5.9/10

Value: 6.7

Growth: 5.3

Quality: 4.1

Yield: 3.1

Momentum: 9.0

Volatility: 7.0

1-Year Total Return ->

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Stock-Card
TechnipFMC

A-Score: 4.9/10

Value: 4.0

Growth: 5.1

Quality: 7.1

Yield: 0.6

Momentum: 9.0

Volatility: 3.3

1-Year Total Return ->

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Stock-Card
Saipem

A-Score: 4.7/10

Value: 7.8

Growth: 3.2

Quality: 4.4

Yield: 5.0

Momentum: 3.5

Volatility: 4.3

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

65.64$

Current Price

65.64$

Potential

-0.00%

Expected Cash-Flows