TechnipFMC PLC
technipfmc.comWhat Do They Do?
Designs and delivers subsea systems, equipment and services for oil and natural gas producers, and wellhead and pressure-control products for energy companies.
10-K for FY2025, filed Feb 19, 2026Our Subsea segment provides integrated design, engineering, procurement, manufacturing, fabrication, installation, and life of field…View ↗
Subsea Production Systems (SPS). These systems are used in the offshore production of oil and natural gas. Systems are placed on the…View ↗
Our Surface Technologies segment designs, manufactures, and services fully integrated products and systems used by companies involved in…View ↗
These systems are designed for onshore unconventional, onshore conventional, and offshore platform applications, and are typically sold…View ↗
How Do They Make Money?
Customers pay mainly through long-term contracts for products, systems and services. The company bills as work progresses at contract milestones, and may receive advance payments; some standardized equipment is paid for when delivered.
10-K for FY2025, filed Feb 19, 2026The majority of our revenue is from long-term contracts associated with designing and manufacturing products and systems and providing…View ↗
Payment terms - Progress billings are generally issued upon completion of certain phases of the work as stipulated in the contract. Payment…View ↗
Revenue recognized over time - Our performance obligations are satisfied over time either as work progresses or at a point in time. Revenue…View ↗
For contracts with a standardized product or equipment performance obligation, management has determined that because there is limited…View ↗
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10-K for FY2025, filed Feb 19, 2026
FY2025 revenue by reportable segment ↗
$9.9B
-
10-K for FY2025, filed Feb 19, 2026
$9.9B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Subsea
Recurring
10-K for FY2025, filed Feb 19, 2026 |
87%
FY2022: 82%
|
Subsea, FY2025
$8.7B Sources
|
Recurring |
|
Surface Technologies
|
13%
FY2022: 18%
|
Surface Technologies, FY2025
$1.3B Sources
|
Who Are Their Customers?
Subsea customers are major integrated oil companies, national oil companies, and independent exploration and production companies. Surface equipment is typically sold directly to exploration and production operators; subsea alliances can lead to direct contract awards.
10-K for FY2025, filed Feb 19, 2026Generally, our customers in the Subsea segment are major integrated oil companies, national oil companies, and independent exploration and…View ↗
Our alliances establish important ongoing relationships with our customers. These alliances have resulted in a growing number of direct…View ↗
These systems are designed for onshore unconventional, onshore conventional, and offshore platform applications, and are typically sold…View ↗
10-K for FY2025, filed Feb 19, 2026
Do Revenues Turn Into Profits?
Yes. It kept 10 cents of every revenue dollar as net income in FY2025 and turned 15 cents into free cash flow.
10-K for FY2025, filed Feb 19, 2026
$1.4BView ↗
10-K for FY2025, filed Feb 19, 2026
$963.9MView ↗
10-K for FY2025, filed Feb 19, 2026
$1.4BView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Jul 30, 2026
$362.7MView ↗
- ▲ +35%
- vs $269.5M in Q2 FY2025
10-Q for Q2 FY2026, filed Jul 30, 2026
Open tableView ↗
Growing. Revenue grew 55% in 4 years, from $6.4B in FY2021 to $9.9B in FY2025, about 12% a year.
More configurable products
The latest report describes a shift toward pre-engineered configurable products, replacing bespoke, project-specific engineering with a configure-to-order model.
10-K for FY2022, filed Feb 24, 2023 10-K for FY2025, filed Feb 19, 2026Through integrated FEED studies, or iFEED™ (“iFEED”), we are uniquely positioned to influence project concept and design. Using innovative…View ↗
Who Do They Compete With?
Competes with Baker Hughes, OneSubsea, Saipem SpA, and Subsea 7
10-K for FY2025, filed Feb 19, 2026We are the only fully integrated company that can provide the complete suite of FEED, SPS, and SURF with installation and life of field…View ↗
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