TechnipFMC plc
Business
TechnipFMC plc is a leading technology provider to traditional and new energy industries, delivering fully integrated projects, products, and services for subsea and surface energy applications. The company designs, engineers, manufactures, and installs subsea production systems, umbilicals, risers, flowlines, and vessels, as well as surface drilling, completion, and production equipment for onshore and shallow-water applications. Operating through two reportable segments—Subsea and Surface Technologies—TechnipFMC serves major integrated oil companies, national oil companies, and independent exploration and production companies globally.
Summary from 10-K filed 2026-02-19
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Lease revenue | 292 | 243 | 274 | 215 | 158 | |
| Total revenue | 9,933 | 9,083 | 7,824 | 6,700 | 6,404 | |
| Cost of lease revenue | 174 | 152 | 189 | 166 | 128 | |
| Selling, general and administrative expense | 705 | 667 | 676 | 617 | 645 | |
| Research and development expense | 83 | 73 | 69 | 67 | 78 | |
| Restructuring, impairment and other expenses (Note 9) | 73 | 26 | 20 | 15 | 67 | |
| Total costs and expenses | 8,612 | 8,127 | 7,315 | 6,503 | 6,370 | |
| Other income (expense), net (Note 18) | −58 | −46 | −248 | 5 | 47 | |
| Gain on disposal of Measurement Solutions business | 0 | 71 | 0 | 0 | — | |
| Income from equity affiliates (Note 10) | 47 | 22 | 34 | 45 | 600,000 | |
| Income before net interest expense and income taxes | 1,310 | 1,004 | 295 | 220 | 403 | |
| Interest income | 42 | 34 | 34 | 18 | 14 | |
| Interest expense | −81 | −97 | −122 | −139 | — | |
| Income before income taxes | 1,270 | 940 | 207 | 69 | 198 | |
| Provision for income taxes (Note 19) | 303 | 85 | 155 | 105 | 111 | |
| Net income | 967 | 855 | 52 | — | — | |
| (Income) loss attributable to non-controlling interests | −3 | −12 | 4 | −25 | 800,000 | |
| Net income attributable to TechnipFMC plc | 964 | 843 | 56 | −107 | 13 | |
| Basic (usd per share) | 2.34 | 1.96 | 0.13 | −0.24 | 0.03 | |
| Diluted (usd per share) | 2.3 | 1.91 | 0.12 | −0.24 | 0.03 | |
| Basic (in shares) | 412 | 429 | 439 | 450 | 451 | |
| Diluted (in shares) | 420 | 441 | 452 | 450 | 455 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,032 | 1,158 | 952 | 1,057 | 1,327 | |
| Trade receivables, net of allowances of $45.3 in 2025 and $43.4 in 2024 | 1,129 | 1,319 | 1,138 | 967 | 912 | |
| Contract assets | 1,066 | 968 | 1,010 | 982 | 966 | |
| Inventories, net (Note 8) | 1,153 | 1,077 | 1,100 | 1,040 | 1,032 | |
| Derivative financial instruments (Note 21) | 442 | 347 | 183 | 283 | 110 | |
| Income taxes receivable | 179 | 137 | 156 | 125 | 85 | |
| Other current assets (Note 9) | 545 | 463 | 414 | 455 | 512 | |
| Total current assets | 5,545 | 5,468 | 5,195 | 4,989 | 5,342 | |
| Investments in equity affiliates (Note 10) | 231 | 245 | 274 | 325 | 292 | |
| Property, plant and equipment, net (Note 12) | 2,285 | 2,134 | 2,271 | 2,355 | 2,597 | |
| Operating lease right-of-use assets (Note 3) | 774 | 723 | 740 | 802 | 708 | |
| Finance lease right-of-use assets (Note 3) | 78 | 97 | 92 | 52 | 52 | |
| Intangible assets, net (Note 13) | 426 | 508 | 602 | 716 | 814 | |
| Deferred income taxes (Note 19) | 253 | 260 | 165 | 73 | 74 | |
| Derivative financial instruments (Note 21) | 187 | 177 | 30 | 7 | 11 | |
| Other assets | 340 | 258 | 288 | 127 | 130 | |
| Total assets | 10,118 | 9,869 | 9,657 | 9,444 | 10,020 | |
| Short-term debt and current portion of long-term debt (Note 14) | 34 | 278 | 154 | 367 | 278 | |
| Operating lease liabilities (Note 3) | 147 | 131 | 137 | 136 | 126 | |
| Finance lease liabilities (Note 3) | 31 | 62 | 10 | 52 | 700,000 | |
| Accounts payable, trade | 1,180 | 1,303 | 1,356 | 1,283 | 1,294 | |
| Contract liabilities | 2,149 | 1,787 | 1,486 | 1,156 | 1,013 | |
| Derivative financial instruments (Note 21) | 358 | 397 | 180 | 347 | 161 | |
| Income taxes payable | 142 | 157 | 147 | 97 | 125 | |
| Other current liabilities (Note 9) | 874 | 752 | 748 | 561 | 660 | |
| Total current liabilities | 4,915 | 4,865 | 4,469 | 4,174 | 3,852 | |
| Long-term debt, less current portion (Note 14) | 396 | 607 | 914 | 999 | 1,727 | |
| Operating lease liabilities, less current portion (Note 3) | 674 | 662 | 667 | 736 | 647 | |
| Finance lease liabilities (Note 9) | 61 | 52 | 88 | 1 | 51 | |
| Deferred income taxes (Note 19) | 101 | 54 | 92 | 56 | 48 | |
| Accrued pension and other post-retirement benefits, less current portion (Note 20) | 49 | 129 | 84 | 60 | 113 | |
| Derivative financial instruments (Note 21) | 202 | 243 | 25 | 4 | 16 | |
| Other liabilities | 315 | 119 | 146 | 138 | 148 | |
| Total liabilities | 6,713 | 6,731 | 6,485 | 6,168 | 6,602 | |
| Commitments and contingent liabilities (Note 18) | — | — | — | — | — | |
| Ordinary shares, $1 par value; 618.3 shares authorized in 2025 and 2024; 400.7 shares and 423.0 shares issued and outstanding in 2025 and 2024, respectively | 401 | 423 | 433 | 442 | 451 | |
| Capital in excess of par value of ordinary shares | 8,082 | 8,653 | 8,939 | 9,110 | 9,161 | |
| Accumulated deficit | −3,761 | −4,310 | −4,993 | −5,010 | −4,904 | |
| Accumulated other comprehensive loss | −1,357 | −1,673 | −1,242 | −1,302 | −1,305 | |
| Total TechnipFMC plc stockholders equity | 3,364 | 3,094 | 3,137 | 3,240 | 3,403 | |
| Non-controlling interests | 42 | 45 | 35 | 37 | 16 | |
| Total equity | 3,405 | 3,138 | 3,172 | 3,277 | 3,418 | |
| Total liabilities and equity | 10,118 | 9,869 | 9,657 | 9,444 | 10,020 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 442 | 393 | 378 | 377 | 385 | |
| Employee benefit plan and share-based compensation costs | 69 | 76 | 31 | 34 | 34 | |
| Deferred income tax provision (benefit), net | 36 | −246 | −54 | −13 | −95 | |
| Derivative instruments and foreign exchange | 34 | −74 | 30 | 54 | — | |
| Income from equity affiliates, net of dividends received | 4 | 29 | −34 | −32 | −600,000 | |
| Other | 18 | 17 | 42 | 11 | −6 | |
| Trade receivables, net and Contract assets | 213 | −236 | −228 | −160 | −73 | |
| Inventories, net | −23 | −42 | −91 | −35 | 198 | |
| Accounts payable, trade | −230 | 8 | 63 | 52 | 94 | |
| Contract liabilities | 278 | 363 | 321 | 165 | 900,000 | |
| Income taxes (receivable) payable, net | −92 | 35 | 34 | −62 | 215 | |
| Other current assets and liabilities, net | 156 | −227 | 203 | −40 | 64 | |
| Other non-current assets and liabilities, net | −107 | 81 | −53 | −19 | −8 | |
| Cash provided by operating activities | 1,765 | 961 | 693 | 352 | 781 | |
| Capital expenditures | −317 | −282 | −225 | −158 | −192 | |
| Proceeds from sale of assets | 12 | 19 | 85 | 30 | 105 | |
| Proceeds from sale of Measurement Solutions business | 0 | 186 | 0 | 0 | — | |
| Other | 7 | 500,000 | 15 | 1 | 8 | |
| Cash required by investing activities | −298 | −76 | −126 | 162 | 817 | |
| Repayment of debt obligations | −503 | −121 | −342 | −200 | −62 | |
| Share repurchases | −918 | −400 | −205 | −100 | 0 | |
| Dividends paid | −82 | −86 | −44 | 0 | 0 | |
| Payments related to taxes withheld on share-based compensation | −69 | −50 | −17 | −5 | — | |
| Other | −48 | 9 | −49 | −20 | −4 | |
| Cash required by financing activities | −1,621 | −648 | −657 | −797 | −5,065 | |
| Effect of changes in foreign exchange rates on cash and cash equivalents | 29 | −31 | −16 | 12 | −14 | |
| Increase (decrease) in cash and cash equivalents | −126 | 206 | −105 | −270 | −3,480 | |
| Cash paid for interest (net of interest capitalized) | 56 | 63 | 93 | 109 | 104 | |
| Income taxes paid (net of refunds received) | 359 | 250 | 151 | 189 | 25 | |
| Dividend receivable in exchange for loan receivable | 0 | 0 | 85 | 0 | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is TechnipFMC plc's CIK number?
TechnipFMC plc's SEC CIK number is 0001681459 (1681459). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find TechnipFMC plc's SEC filings?
All of TechnipFMC plc's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did TechnipFMC plc last report earnings?
TechnipFMC plc (FTI) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001681459-26-000023). This is TechnipFMC plc's most recent earnings filing of record — not a forecast of its next earnings date.
What is TechnipFMC plc's most recent earnings 8-K?
TechnipFMC plc's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001681459-26-000023. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View TechnipFMC plc's latest earnings 8-K →
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