TechnipFMC PLC (FTI)
NYSE:FTI
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TechnipFMC
(NYSE:FTI)
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Rating:78Outperform
Price Target:
$86.00
â–²(22.09% Upside)
Action:ReiteratedDate:05/01/26
The score is driven primarily by strong financial performance (profitability improvement and a dramatically de-levered balance sheet) and a positive earnings-call outlook with confident 2026 EBITDA/FCF expectations and strong Subsea backlog coverage. Technicals are supportive with clear trend strength, while valuation is a mild drag due to the low dividend yield despite a moderate P/E.
Positive Factors
Material de‑risked balance sheet
Dramatic debt reduction to a near‑net‑cash position and sustained equity base materially lowers solvency and refinancing risk. This structural de‑leveraging increases financial flexibility for large project bids, supports sustainable investment, and reduces interest burden over the medium term.
Negative Factors
Surface Technologies revenue volatility
Surface Technologies shows sequencing and regional scheduling sensitivity tied to project timing, creating recurring quarter‑to‑quarter revenue and margin variability. Structural dependency on regional project schedules can depress segment contribution during slow cycles and complicate consolidated forecasting.
Read all positive and negative factors
Positive Factors
Negative Factors
Material de‑risked balance sheet
Dramatic debt reduction to a near‑net‑cash position and sustained equity base materially lowers solvency and refinancing risk. This structural de‑leveraging increases financial flexibility for large project bids, supports sustainable investment, and reduces interest burden over the medium term.
Read all positive factors
TechnipFMC (FTI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$30.23B
Dividend Yield0.44%
Average Volume (3M)3.84M
Price to Earnings (P/E)19.4
Beta (1Y)0.92
Revenue Growth9.36%
EPS Growth19.24%
CountryUS
Employees21,000
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.64
Shares Outstanding400,044,920
10 Day Avg. Volume3,148,695
30 Day Avg. Volume3,844,726
Financial Highlights & Ratios
PEG Ratio1.12
Price to Book (P/B)5.55
Price to Sales (P/S)1.88
P/FCF Ratio12.90
Enterprise Value/Market Cap1.05
Enterprise Value/Revenue3.12
Enterprise Value/Gross Profit11.58
Enterprise Value/Ebitda28.14
Forecast
1Y Price Target
$73.67Price Target Upside4.58% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
EPS Forecast (FY)2.93
Revenue Forecast (FY)$10.67B
TechnipFMC Business Overview & Revenue Model
Company Description
TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses in Europe, Central Asia, North and Latin America, the Asia Pacific, Africa, and the Middle East. The Subsea segment engages in the design, engine...
How the Company Makes Money
TechnipFMC makes money primarily by selling equipment and project services to oil and gas producers for the development, expansion, and operation of offshore (especially deepwater) fields. Key revenue streams include: (1) Subsea project awards del...
TechnipFMC Earnings Call Summary
Earnings Call Date:Apr 30, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The call presented multiple strong financial and operational positives: solid revenue and adjusted EBITDA, robust Subsea performance and margins, a growing $30 billion opportunity pipeline, strong free cash flow and net cash position, aggressive shareholder returns, and meaningful technology progress (Subsea 2.0, flexible pipe qualification, CO2 projects). The primary negatives were concentrated in Surface Technologies (sequential revenue and EBITDA declines driven by project timing and Middle East scheduling), some near-term lumpiness in announced order timing and working-capital seasonality. Management reiterated confident full-year and 2027 outlooks and provided positive Q2 Subsea guidance, indicating that the positives materially outweigh the limited near-term headwinds.Positive Updates
Strong overall financial performance
Total company revenue of $2.5 billion; adjusted EBITDA of $453 million (18.2% margin excluding FX); free cash flow of $277 million; cash from operations $332 million and capital expenditures $56 million.
Negative Updates
Surface Technologies sequential decline
Surface Technologies revenue declined 12% sequentially to $284 million; adjusted EBITDA fell 15% sequentially to $50 million; adjusted EBITDA margin was 17.4%, down 60 basis points versus the prior quarter—driven primarily by scheduled timing in Middle East project activity.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong overall financial performance
Total company revenue of $2.5 billion; adjusted EBITDA of $453 million (18.2% margin excluding FX); free cash flow of $277 million; cash from operations $332 million and capital expenditures $56 million.
Read all positive updates
Company Guidance
Management guided that for Q2 Subsea revenue should grow high-single-digits sequentially with adjusted EBITDA margin improving ~300 basis points to ~23% (from Q1 Subsea margin ~20%), while Surface Technologies revenue is expected to decline low-single-digits sequentially with an adjusted EBITDA margin of ~17%; corporate expense is expected to fall ~25% in Q2, CapEx is expected to track full‑year guidance at just above ~3% of revenue (Q1 CapEx was $56m), and the company assumes the remainder of annual guidance is evenly distributed across the last three quarters at the midpoint; they reiterated confidence in exceeding $2.1bn of total company EBITDA in 2026, noted ~95% 2026 revenue coverage using midpoint driven by $5.2bn of Subsea backlog scheduled for 2026, expect ~65% conversion of EBITDA to free cash flow, and remain committed to returning at least 70% of free cash flow to shareholders.TechnipFMC Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.19B | 9.93B | 9.08B | 7.83B | 6.70B | 6.40B |
| Gross Profit | 2.75B | 1.72B | 1.71B | 1.34B | 896.30M | 823.90M |
| EBITDA | 1.13B | 1.48B | 1.41B | 964.00M | 576.80M | 464.00M |
| Net Income | 1.08B | 963.90M | 842.90M | 22.90M | -107.20M | 13.30M |
Balance Sheet | ||||||
| Total Assets | 10.09B | 10.12B | 9.87B | 9.66B | 9.44B | 10.02B |
| Cash, Cash Equivalents and Short-Term Investments | 960.80M | 1.04B | 1.17B | 962.10M | 1.06B | 1.64B |
| Total Debt | 36.40M | 2.02B | 1.79B | 1.97B | 2.29B | 2.83B |
| Total Liabilities | 6.72B | 6.71B | 6.73B | 6.48B | 6.17B | 6.60B |
| Stockholders Equity | 3.36B | 3.36B | 3.09B | 3.14B | 3.24B | 3.40B |
Cash Flow | ||||||
| Free Cash Flow | 1.34B | 1.45B | 679.40M | 451.10M | 194.20M | 589.60M |
| Operating Cash Flow | 1.66B | 1.76B | 961.00M | 676.30M | 352.10M | 781.30M |
| Investing Cash Flow | -293.70M | -298.30M | -75.80M | -125.60M | 162.20M | 768.70M |
| Financing Cash Flow | -1.61B | -1.62B | -648.00M | -639.80M | -796.70M | -5.02B |
TechnipFMC Technical Analysis
Neutral
70.44
Price Trends
66.42
Positive
57.52
Positive
47.66
Positive
Market Momentum
1.97
Positive
52.55
Neutral
41.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FTI, the sentiment is Neutral. The current price of 70.44 is below the 20-day moving average (MA) of 70.97, above the 50-day MA of 66.42, and above the 200-day MA of 47.66, indicating a neutral trend. The MACD of 1.97 indicates Positive momentum. The RSI at 52.55 is Neutral, neither overbought nor oversold. The STOCH value of 41.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FTI.
TechnipFMC Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $34.24B | 10.34 | 11.48% | 4.43% | -3.95% | 2.15% | |
79 Outperform | $69.12B | 16.25 | 16.24% | 2.04% | 0.20% | 6.96% | |
78 Outperform | $30.23B | 19.37 | 29.62% | 0.44% | 9.36% | 19.24% | |
75 Outperform | $85.04B | 25.61 | 13.30% | 2.98% | -0.53% | -22.59% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | $35.34B | 17.70 | 14.67% | 2.41% | -1.72% | -23.60% | |
59 Neutral | $7.34B | 89.35 | 1.43% | 3.24% | -1.33% | -84.10% |
* Energy Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.