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TechnipFMC PLC (FTI)
NYSE:FTI
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.55Last Year’s EPS
0.33Same Quarter Last Year
Strong Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated strong multi-year commercial momentum, material full-year improvement in profitability and cash generation, a record Subsea opportunities pipeline, and constructive 2026 guidance including higher margins and continued returns to shareholders. Near-term headwinds are primarily seasonal and operational (fleet maintenance, Q1 softness in Surface Technologies) and include one-time restructuring charges intended to drive longer-term efficiency gains. Overall the positive growth, margin expansion, cash generation, backlog quality and explicit guidance upgrades materially outweigh the disclosed near-term challenges.Company Guidance
Strong Full-Year Revenue and EBITDA Growth
Total company revenue for FY2025 grew 9% to $9.9 billion and adjusted EBITDA increased 33% to $1.8 billion versus the prior year (excluding FX), demonstrating significant margin expansion and operating leverage.
Robust Free Cash Flow and Shareholder Distributions
Full-year free cash flow was approximately $1.4–$1.45 billion (management cited both $1.4B and $1.45B), more than double prior year levels, and total shareholder distributions grew to $1.0 billion (more than double prior year), with Q4 free cash flow of $359 million and Q4 distributions of $188 million.
Subsea Inbound, Backlog and Multi-Year Momentum
Subsea inbound orders in 2025 totaled $10.1 billion (Q4 orders $2.3B); total company inbound for the year was $11.2 billion. Subsea backlog ended FY2025 at $15.9 billion, total company backlog $16.6 billion (up 15% YoY). Over the last 3 years TechnipFMC inbounded more than $30 billion in Subsea orders.
Higher Subsea Margins and Services Mix
Full-year Subsea adjusted EBITDA margin improved by 340 basis points to 20.1%, driven by iEPCI, direct awards and Subsea Services; direct awards, iEPCI and Subsea Services accounted for more than 80% of Subsea inbound in 2025.
Record Subsea Opportunity Pipeline
The Subsea Opportunities list reached a record midpoint value of approximately $29 billion (24-month view), marking the sixth consecutive quarterly increase in opportunity value and signaling a growing multi-year project pipeline.
Surface Technologies Margin Improvement
Surface Technologies delivered sequential adjusted EBITDA of $58 million with an adjusted EBITDA margin of 18% in Q4 (up 160 basis points sequentially). For the full year, Surface Technologies adjusted EBITDA margin improved 170 basis points to 16.7% despite relatively flat revenue.
Balance Sheet and Capital Discipline
Cash and cash equivalents ended the year at $1.0 billion with a net cash position of $602 million. Management reiterated an asset-light capital approach: FY2026 capex guidance ≈ $340 million (~3% of revenue) and commitment to return at least 70% of free cash flow to shareholders.
Positive 2026 Financial Guidance
Updated FY2026 Subsea guidance targets revenue of $9.4 billion and an adjusted EBITDA margin of 21.5% at the midpoint (implying ~16% Subsea adjusted EBITDA growth vs 2025). Company adjusted EBITDA is expected to exceed $2.1 billion at the midpoint (≈15% growth vs 2025 excluding FX). Full-year free cash flow guidance: $1.3B–$1.45B (~65% conversion at midpoint).
FTI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FTI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | $62.27 | $61.76 | -0.82% |
Oct 23, 2025 | $37.47 | $40.87 | +9.07% |
Jul 24, 2025 | $33.50 | $37.44 | +11.76% |
Apr 24, 2025 | $24.92 | $27.38 | +9.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does TechnipFMC PLC (FTI) report earnings?
TechnipFMC PLC (FTI) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is TechnipFMC PLC (FTI) earnings time?
TechnipFMC PLC (FTI) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FTI EPS forecast?
FTI EPS forecast for the fiscal quarter 2026 (Q1) is 0.55.