TechnipFMC

TechnipFMC (FTI) Q3 2025 Earnings

Reported Oct 23, 2025 at 6:46 AM ET · SEC Source

Q3 25 EPS

$0.75

BEAT +13.74%

Est. $0.66

Q3 25 Revenue

$2.65B

BEAT +1.33%

Est. $2.61B

vs S&P Since Q3 25

+57.1%

BEATING MARKET

FTI +68.0% vs S&P +10.9%

Market Reaction

Did FTI Beat Earnings? Q3 2025 Results

TechnipFMC delivered a standout third quarter, posting adjusted diluted EPS of $0.75 against a consensus estimate of $0.66, a 13.74% beat, while revenue of $2.65 billion came in 1.33% ahead of expectations and grew 12.7% year-over-year. The driving f… Read more TechnipFMC delivered a standout third quarter, posting adjusted diluted EPS of $0.75 against a consensus estimate of $0.66, a 13.74% beat, while revenue of $2.65 billion came in 1.33% ahead of expectations and grew 12.7% year-over-year. The driving force behind the quarter was the Subsea segment, which generated $2.32 billion in revenue, up 14.4% year-over-year, with operating profit climbing 39% as iEPCI project momentum accelerated across Africa, the Americas, and Australia. Subsea inbound orders of $2.38 billion marked the 15th time in 16 quarters that the book-to-bill ratio exceeded 1.0x, and total Subsea backlog swelled to $16.04 billion. Free cash flow of $447.80 million was exceptional, prompting management to raise full-year 2025 free cash flow guidance to $1.30–$1.45 billion from $1.00–$1.15 billion. The company also initiated 2026 Subsea revenue guidance of $9.10–$9.50 billion with adjusted EBITDA margin of 20.5–22%, signaling durable confidence in offshore spending, and authorized an additional $2 billion in share repurchases.

Key Takeaways

  • Increased iEPCI project activity in Africa, the Americas, and Australia
  • Strong Subsea inbound orders with book-to-bill above 1.0x for 15 of the past 16 quarters
  • Higher international market activity in Surface Technologies, particularly North Sea and Asia Pacific
  • Continued strength in South America driving Subsea orders
  • Early repayment of 6.50% Senior Notes due February 2026 reducing debt by $258.3 million
24/7 Wall St

FTI YoY Financials

Q3 2025 vs Q3 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 the continued strength in our execution and the delivery of another quarter of high-quality inbound, with 15 of the past 16 quarters achieving a book-to-bill above one. This commercial success is the cornerstone of our ability to deliver growth in both revenue and profitability.”

— Doug Pferdehirt, Q3 2025 Earnings Press Release