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TechnipFMC

TechnipFMC (FTI) Q2 2025 Earnings

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

Q2 25 EPS

$0.68

BEAT +17.95%

Est. $0.58

Q2 25 Revenue

$2.53B

BEAT +1.97%

Est. $2.49B

Market Reaction

Did FTI Beat Earnings? Q2 2025 Results

TechnipFMC posted a convincing beat in the second quarter of 2025, with adjusted diluted EPS of $0.68 coming in 17.95% above the $0.58 consensus estimate as the oilfield services company rode a powerful wave of deepwater project momentum. Revenue cli… Read more TechnipFMC posted a convincing beat in the second quarter of 2025, with adjusted diluted EPS of $0.68 coming in 17.95% above the $0.58 consensus estimate as the oilfield services company rode a powerful wave of deepwater project momentum. Revenue climbed 9.0% year-over-year to $2.53 billion, edging past the $2.49 billion Wall Street expected, while net income nearly doubled sequentially to $269.50 million. The Subsea segment was the undisputed engine behind the outperformance, revenue there hit $2.22 billion, up 14.5% sequentially, fueled by accelerating iEPCI project activity in the North Sea, robust installation work in Brazil, and a favorable earnings mix from backlog that pushed Subsea operating margin to 17.2%. Inbound orders of $2.83 billion produced a 1.2x book-to-bill, lifting total backlog to $16.65 billion. The company's shares surged to a decade high after management signaled confidence in generating $10 billion or more in Subsea orders for the full year, while keeping 2025 free cash flow guidance steady at $1.00–$1.15 billion.

Key Takeaways

  • • Increased iEPCI project activity in the North Sea
  • • Higher installation activity and flexible pipe supply in Brazil
  • • Seasonal improvements in Subsea Services revenue
  • • Strong execution and improved earnings mix from backlog
  • • Higher project and services activity in the Middle East for Surface Technologies
24/7 Wall St

FTI YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

FTI Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“I am very proud of what our team accomplished in what was another solid quarter, driven by continued strength in execution from both the commercial and operational teams. Total Company revenue in the period was $2.5 billion, with adjusted EBITDA of $509 million when excluding foreign exchange impacts. We generated free cash flow of $261 million and distributed $271 million through dividends and share buybacks, further demonstrating our commitment to return a significant portion of free cash flow to shareholders.”

— Doug Pferdehirt, Q2 2025 Earnings Press Release

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