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TechnipFMC PLC (FTI)
Energy Basic Materials
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TechnipFMC PLC Reports Strong 2025 Annual Results: A Year of Growth and Strategic Advancements

Last updated: February 19, 2026
Taurigo

1. Executive Overview

TechnipFMC PLC, a leading player in the global energy sector, has unveiled its annual report for 2025, showcasing remarkable growth and a robust financial performance. Inbound orders surged to $11.2 billion, reflecting a 15% year-over-year increase in backlog, which now stands at an impressive $16.6 billion. The company’s commitment to enhancing shareholder value is evident in a significant rise in cash flow and shareholder distributions, leading to an optimistic outlook for the coming years.

2. Financial Highlights

Revenue and Profitability

In 2025, TechnipFMC reported total revenues of $9.93 billion, a notable increase of $849.3 million compared to 2024. This growth was primarily driven by a robust increase in Subsea revenue, which rose by $846.0 million, while Surface Technologies revenue saw a modest increase of $3.3 million.

The operating profit for the year was $1.32 billion, resulting in a net income of $963.9 million, marking a substantial improvement from the previous year's net income of $842.9 million.

Income Statement of TechnipFMC PLC
Feb 2025 Feb 2026
Net Income
842.9M963.9M
Net Income to Non-controlling Interest
12.4M3.2M
Profit
855.3M967.1M
Net Income Continuing
855.3M967.1M
Income Tax Expense
85.1M302.9M
Pretax Income
940.4M1.27B
Non-operating Income
-143.3M-97.2M
Operating Income
956.8M1.32B
Revenue
9.08B9.93B
Costs and Expenses
8.12B8.61B
Cost of Revenue
7.20B7.57B
Operating Expenses
918.3M1.03B
Research & Development
73.4M83.1M
Selling, General & Administrative
667.1M705.3M
Other Operating Expenses
177.8M247M

Cash Flow and Shareholder Returns

TechnipFMC reported a remarkable 84% increase in cash provided by operating activities, amounting to $1.8 billion. Free cash flow saw an even more impressive growth of 113%, totaling $1.4 billion. Shareholder distributions more than doubled to $1.0 billion, underscoring the company's commitment to returning capital to its investors.

The Board of Directors authorized share repurchases of up to $2 billion, in addition to a quarterly cash dividend of $0.05 per share, reflecting a proactive approach to enhancing shareholder value.

Balance Sheet Strength

The company maintained a strong liquidity position with cash and cash equivalents exceeding $1 billion and total debt reduced by $455.2 million. This focus on financial flexibility has earned TechnipFMC upgrades to investment-grade credit ratings from major agencies, enhancing its access to capital markets.

Balance Sheet of TechnipFMC PLC
Feb 2025 Feb 2026
Total Assets
9.86B10.11B
Total Current Assets
5.46B5.54B
Cash and Equivalents
1.15B1.03B
Net Inventories
1.07B1.15B
Accounts Receivable
1.31B1.12B
Non-trade Receivables
136.6M179.4M
Other Current Assets
1.77B2.05B
Total Non-current Assets
4.40B4.57B
Intangible Assets
508.3M425.7M
Long-term Investments
244.5M231.1M
Non-current Deferred Tax Assets
259.7M252.7M
Net PP&E
2.13B2.28B
Lease Assets
723.3M773.5M
Other Non-current Assets
532M604.6M
Total Liabilities and Equity
9.86B10.11B
Total Liabilities
6.73B6.71B
Total Current Liabilities
4.86B4.91B
Accounts Payable and Accrued Liabilities
1.64B1.32B
Current Debt
470.8M212M
Current Deferred Revenue
1.78B2.14B
Other Current Liabilities
963M1.23B
Total Non-current Liabilities
1.86B1.79B
Long-term Debt
659.1M456.9M
Non-current Deferred Tax Liabilities
54.4M100.8M
Other Non-current Liabilities
1.15B1.24B
Total Equity and Non-controlling Interests
3.13B3.40B
Total Equity
3.09B3.36B
Non-controlling Interests
44.6M41.5M

3. Segment Performance

Subsea Segment

TechnipFMC's Subsea segment emerged as a key growth driver, contributing $8.66 billion in revenue, a 10.82% increase from 2024. The segment secured $10.1 billion in inbound orders, fulfilling its commitment to achieve $30 billion in orders over three years. The successful execution of integrated engineering, procurement, construction, and installation (iEPCI™) projects was instrumental in this growth.

Surface Technologies Segment

The Surface Technologies segment experienced stable performance, generating $1.26 billion in revenue, virtually unchanged from the previous year. The segment's growth was supported by strong demand in international markets, accounting for 65% of segment revenue.

Revenue by Segments in 2025

4. Revenue Analysis by Geography

TechnipFMC’s revenue distribution across various geographies highlights its diverse market presence. Notable growth was observed in Nigeria (188.02%), Indonesia (92.95%), and Mozambique (121.8%), while the United States experienced a decline of 18.69%.

Revenue by Geography in 2025

5. Business Outlook

Looking ahead, TechnipFMC is well-positioned to capitalize on emerging opportunities in the energy sector. The global economic outlook for 2026 suggests moderate growth, primarily driven by key markets in India, China, and the United States. The company anticipates that offshore developments will increasingly contribute to renewable energy resources and carbon emissions reduction initiatives.

6. Conclusion

The 2025 annual report from TechnipFMC PLC reflects a year of strategic advancements, robust financial performance, and a commitment to shareholder value. With a solid foundation and growth-oriented strategy, TechnipFMC is poised to navigate the evolving energy landscape and deliver sustainable solutions for the future.

Cash Flow Statement of TechnipFMC PLC
Feb 2025 Feb 2026
Net Change in Cash
206M-125.8M
Effect of Exchange Rate Changes
-31.2M28.8M
Net Cash from Operating Activities
961M1.76B
Operating Profit
855.3M967.1M
Adjustment to Operating Profit
105.7M797.5M
Net Cash from Investing Activities
-75.8M-298.3M
Business & Interest in Affiliates
-186.1M0
Productive Assets
262.4M305M
Other Investing Activities
500K6.7M
Net Cash from Financing Activities
-648M-1.62B
Debt
-121.3M-503.3M
Dividends
85.9M82.3M
Equity Issuance/Repurchase
-400.1M-918.3M
Other Financing Activities
-40.7M-117M
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