Companies /Energy

TechnipFMC plc

NYSE: FTI Oil & Gas Equipment & Services
$79.67
▲ $1.36 (+1.74%) today
Markets closed · 6:18am ET

Q3 2025 Earnings

Reported Oct 23, 2025, 6:46am ET · SEC source
$0.75
Beat +13.74%
EPS · est. $0.66
$2.6B
Beat +1.33%
Revenue · est. $2.6B
+9.4%
Beating market
FTI vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+4%+8%Oct 23Oct 24report 6:46am ETearnings+1.5%+5.1%
0+4%+8%Oct 23Oct 24earnings+1.5%+5.1%
FTI +5.1%S&P 500 +1.5%
0+3%+6%+9%Oct 23Oct 24report 6:46am ETearnings+2.1%+3.7%
0+3%+6%+9%Oct 23Oct 24earnings+2.1%+3.7%
FTI +3.7%NASDAQ +2.1%
0+5%+10%Oct 22Oct 30report 6:46am ETearnings+2.4%+10.2%
0+5%+10%Oct 22Oct 30earnings+2.4%+10.2%
FTI +10.2%S&P 500 +2.4%
0+5%+10%Oct 22Oct 30report 6:46am ETearnings+4.6%+10.2%
0+5%+10%Oct 22Oct 30earnings+4.6%+10.2%
FTI +10.2%NASDAQ +4.6%
+9.09%
Day of report
−3.49%
Next session
+2.13%
One week
+8.90%
30 days

S&P 500 over the same 30 days: −0.45%.

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 $0.6594 — 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

“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.”

TechnipFMC CEO, on the earnings call

Forward Guidance & Outlook

TechnipFMC raised its 2025 full-year free cash flow guidance to $1.3–$1.45 billion, up from $1.0–$1.15 billion. Surface Technologies adjusted EBITDA margin guidance was increased to 16–16.5% from 15–16%. Subsea revenue guidance remains $8.4–$8.8 billion with adjusted EBITDA margin of 19–20%. The company initiated 2026 Subsea financial guidance with revenue of $9.1–$9.5 billion and adjusted EBITDA margin of 20.5–22%. Management expressed confidence in securing more than $10 billion of Subsea orders in both 2025 and 2026, and believes offshore activity will remain strong through the end of the decade. The Board authorized an additional $2 billion in share repurchases, bringing total remaining authorization to approximately $2.3 billion.

FTI YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$800.0M$1.6B$2.4B$2.3B$2.6BRevenue$286.8M$397.6MOperating Income$274.6M$309.7MNet Income
$0$800.0M$1.6B$2.4BRevenueOperating IncomeNet Income

FTI Revenue by Segment

Subsea$2.3B+14.4%
Surface Technologies$328.1M+2.4%

Figures from SEC filings and company reports. Not investment advice.