TechnipFMC

TechnipFMC (FTI) Q4 2025 Earnings

Reported Feb 19, 2026 at 6:46 AM ET · SEC Source

Q4 25 EPS

$0.70

BEAT +35.48%

Est. $0.52

Q4 25 Revenue

$2.52B

MISS 0.92%

Est. $2.54B

vs S&P Since Q4 25

+3.1%

BEATING MARKET

FTI +11.9% vs S&P +8.8%

Full Year 2025 Results

FY 25 EPS

$2.45

BEAT +7.27%

Est. $2.28

FY 25 Revenue

$9.93B

MISS 0.25%

Est. $9.96B

Market Reaction

Did FTI Beat Earnings? Q4 2025 Results

TechnipFMC closed out fiscal 2025 with a decisive earnings beat, posting Q4 adjusted diluted EPS of $0.70 against a consensus estimate of $0.51, a 37.80% beat, even as revenue of $2.52 billion came in just under the $2.54 billion estimate, reflecting… Read more TechnipFMC closed out fiscal 2025 with a decisive earnings beat, posting Q4 adjusted diluted EPS of $0.70 against a consensus estimate of $0.51, a 37.80% beat, even as revenue of $2.52 billion came in just under the $2.54 billion estimate, reflecting a modest 0.97% miss on the top line while still growing 5.4% year-over-year. The standout driver was the Subsea segment, where full-year adjusted EBITDA margin expanded to 20.1% from 16.7% in 2024, underpinned by a record $10.06 billion in inbound orders and a growing mix of direct awards and iEPCI contracts that management says reduces execution risk. Major Q4 wins, including bp's Tiber 20K deepwater project in the Gulf of America, helped push the Subsea opportunity pipeline to roughly $29 billion, its sixth consecutive quarterly increase. Looking ahead, TechnipFMC raised its 2026 Subsea revenue guidance to $9.20–$9.60 billion with adjusted EBITDA margin of 21–22%, while shares have recently traded near 52-week highs, reflecting investor confidence in the company's deepwater-focused growth trajectory.

Key Takeaways

  • Subsea revenue growth of 7.1% YoY driven by higher offshore activity
  • Full-year adjusted EBITDA excluding FX grew 33% year-over-year
  • iEPCI, direct awards, and Subsea Services accounted for more than 80% of Subsea inbound
  • Surface Technologies operating profit margin improved 310 bps sequentially to 14.3% from Middle East services and operational efficiencies
  • Backlog grew 15.3% year-over-year to $16.6 billion
24/7 Wall St

FTI YoY Financials

Q4 2025 vs Q4 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 to report our strong quarterly and full-year results, as we closed out 2025 with solid operational momentum. Total Company inbound for the year was $11.2 billion, driving growth in backlog to $16.6 billion.”

— Doug Pferdehirt, Q4 2025 Earnings Press Release