TechnipFMC (FTI) Q3 2025 Earnings
How Did FTI Stock React to Q3 2025 Earnings?
S&P 500 over the same 30 days: −0.45%.
Did FTI Beat Earnings? Q3 2025 Results
Yes. TechnipFMC reported Q3 2025 earnings of $0.75 a share on Oct 23, 2025, beating the $0.66 consensus estimate by 13.7%. Revenue was $2.6B against a $2.6B estimate.
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.
- 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
What Was TechnipFMC's Outlook in Q3 2025?
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
| Metric | Q3 2025 | Q3 2024 | Year over year |
|---|---|---|---|
| Revenue | $2.6B | $2.3B | +12.7% |
| Operating Income | $397.6M | $286.8M | +38.6% |
| Net Income | $309.7M | $274.6M | +12.8% |
FTI Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.