TechnipFMC (FTI) Q4 2025 Earnings
How Did FTI Stock React to Q4 2025 Earnings?
S&P 500 over the same 30 days: −4.25%.
Did FTI Beat Earnings? Q4 2025 Results
Yes. TechnipFMC reported Q4 2025 earnings of $0.70 a share on Feb 19, 2026, beating the $0.52 consensus estimate by 35.5%. Revenue was $2.5B against a $2.5B estimate.
TechnipFMC closed out fiscal 2025 with a decisive earnings beat, posting Q4 adjusted diluted EPS of $0.70 against a consensus estimate of $0.508 — 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.
- 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
“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.”
TechnipFMC CEO, on the earnings call
What Was TechnipFMC's Outlook in Q4 2025?
For 2026, TechnipFMC raised Subsea revenue guidance to $9.2–$9.6 billion (from $9.1–$9.5 billion) and Subsea adjusted EBITDA margin guidance to 21–22% (from 20.5–22%). Surface Technologies revenue is guided at $1.15–$1.3 billion with adjusted EBITDA margin of 16.5–18%. Corporate expense is expected at $115–$125 million, net interest expense at $10–$20 million, effective tax rate of 27–31%, capital expenditures of approximately $340 million, and free cash flow of $1.3–$1.45 billion. The company expects $10 billion of Subsea inbound in 2026 with further growth in backlog. The Subsea opportunity pipeline now highlights approximately $29 billion in future development opportunities at the midpoint, reflecting the sixth consecutive quarterly increase.
FTI YoY Financials
| Metric | Q4 2025 | Q4 2024 | Year over year |
|---|---|---|---|
| Revenue | $2.5B | $2.4B | +5.4% |
| Operating Income | $282.5M | $259.9M | +8.7% |
| Net Income | $242.7M | $251.4M | −3.5% |
FTI Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.