TechnipFMC

TechnipFMC (FTI) Q1 2025 Earnings

Reported Apr 24, 2025 at 6:47 AM ET · SEC Source

Q1 25 EPS

$0.33

MISS 9.98%

Est. $0.37

Q1 25 Revenue

$2.23B

MISS 0.81%

Est. $2.25B

vs S&P Since Q1 25

+113.9%

BEATING MARKET

FTI +150.1% vs S&P +36.2%

Market Reaction

Did FTI Beat Earnings? Q1 2025 Results

TechnipFMC posted a mixed first quarter for 2025, falling short of Wall Street expectations on both the top and bottom lines while still delivering meaningful year-over-year growth. The oilfield services company reported earnings of $0.33 per share, … Read more TechnipFMC posted a mixed first quarter for 2025, falling short of Wall Street expectations on both the top and bottom lines while still delivering meaningful year-over-year growth. The oilfield services company reported earnings of $0.33 per share, missing the $0.37 consensus estimate by 9.98%, as revenue came in at $2.23 billion, up 9.4% from a year ago but slightly below the $2.25 billion analysts had anticipated. The headline numbers, however, obscure one of the quarter's most compelling stories: free cash flow surged to $379.90 million, a dramatic reversal from negative $178.70 million in Q1 2024, prompting management to raise full-year free cash flow guidance to $1.00–$1.15 billion from the prior $850 million–$1.00 billion range. The Subsea segment, representing roughly 87% of revenue, drove the underlying strength, with operating margins expanding 380 basis points year-over-year to 12.8% and $2.79 billion in new orders producing a 1.4x book-to-bill ratio. Full-year Subsea revenue guidance stands at $8.40–$8.80 billion, with adjusted EBITDA margins targeted at 19–20%.

Key Takeaways

  • Strong project execution and improved earnings mix from backlog in Subsea
  • Subsea book-to-bill of 1.4x with orders exceeding revenue in eight of last nine quarters
  • Working capital improvement of $159.4 million driving strong operating cash flow
  • Higher project activity in Asia Pacific and Brazil partially offsetting seasonal declines
  • 38% year-over-year increase in adjusted EBITDA excluding foreign exchange impacts
24/7 Wall St

FTI YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

24/7 Wall St

FTI Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“I'm pleased to share another strong set of financial results to start the year. Our quarterly results clearly demonstrate the unique capabilities of our company and the value we are providing to our clients.”

— Doug Pferdehirt, Q1 2025 Earnings Press Release