TechnipFMC (FTI)
Market Price (7/31/2026): $69.15 | Market Cap: $27.7 BilSector: Energy | Industry: Oil & Gas Equipment & Services
TechnipFMC (FTI)
Market Price (7/31/2026): $69.15Market Cap: $27.7 BilSector: EnergyIndustry: Oil & Gas Equipment & Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13% Stock buyback supportStock Buyback 3Y Total is 1.7 Bil Low stock price volatilityVol 12M is 31% Megatrend and thematic driversMegatrends include Offshore Wind Development, Hydrogen Economy, and Energy Transition & Decarbonization. Themes include Subsea Cable Infrastructure, Show more. | Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 17x Key risksFTI key risks include potential [1] cost overruns, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Stock buyback supportStock Buyback 3Y Total is 1.7 Bil |
| Low stock price volatilityVol 12M is 31% |
| Megatrend and thematic driversMegatrends include Offshore Wind Development, Hydrogen Economy, and Energy Transition & Decarbonization. Themes include Subsea Cable Infrastructure, Show more. |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 17x |
| Key risksFTI key risks include potential [1] cost overruns, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 7/30/2026
TechnipFMC (FTI) stock has remained largely at the same level since 3/31/2026 because of the following key factors:
1. Robust Subsea Segment Performance and Aggressive Shareholder Returns Countered by Mixed Overall Inbound Orders. TechnipFMC's Subsea segment demonstrated strong financial execution, with its adjusted EBITDA margin reaching a record 23.2% in fiscal Q2 2026, an increase of 320 basis points from fiscal Q1 2026, driven by higher project activity, particularly iEPCI projects in the North Sea and Mediterranean regions. In fiscal Q1 2026, Subsea operating profit was $349 million, yielding a 15.8% margin. The company actively returned capital to shareholders, repurchasing $264.8 million of shares in fiscal Q1 2026 and $420.1 million in fiscal Q2 2026, totaling $684.9 million in the first half of 2026. However, despite robust Subsea orders, total company inbound orders decreased by 30.3% year-over-year in fiscal Q1 2026 to $2.15 billion, creating a mixed picture for overall immediate growth.
2. Significant Overvaluation Concerns Capped Further Stock Appreciation. Despite strong operational results and beats on earnings estimates in both fiscal Q1 and Q2 2026, the stock was perceived as significantly overvalued. GuruFocus' GF Value™ indicated that TechnipFMC was trading at a substantial premium, with a fair value estimate of $36.63 compared to its trading price of approximately $68.92-$71.73 around the end of fiscal Q2 2026, implying an overvaluation of 88.2% to 95.8%. This analyst sentiment and valuation assessment likely acted as a ceiling on the stock's upward movement during the period.
Show more
TechnipFMC (FTI) stock has remained largely at the same level since 3/31/2026 because of the following key factors:
1. Robust Subsea Segment Performance and Aggressive Shareholder Returns Countered by Mixed Overall Inbound Orders. TechnipFMC's Subsea segment demonstrated strong financial execution, with its adjusted EBITDA margin reaching a record 23.2% in fiscal Q2 2026, an increase of 320 basis points from fiscal Q1 2026, driven by higher project activity, particularly iEPCI projects in the North Sea and Mediterranean regions. In fiscal Q1 2026, Subsea operating profit was $349 million, yielding a 15.8% margin. The company actively returned capital to shareholders, repurchasing $264.8 million of shares in fiscal Q1 2026 and $420.1 million in fiscal Q2 2026, totaling $684.9 million in the first half of 2026. However, despite robust Subsea orders, total company inbound orders decreased by 30.3% year-over-year in fiscal Q1 2026 to $2.15 billion, creating a mixed picture for overall immediate growth.
2. Significant Overvaluation Concerns Capped Further Stock Appreciation. Despite strong operational results and beats on earnings estimates in both fiscal Q1 and Q2 2026, the stock was perceived as significantly overvalued. GuruFocus' GF Value™ indicated that TechnipFMC was trading at a substantial premium, with a fair value estimate of $36.63 compared to its trading price of approximately $68.92-$71.73 around the end of fiscal Q2 2026, implying an overvaluation of 88.2% to 95.8%. This analyst sentiment and valuation assessment likely acted as a ceiling on the stock's upward movement during the period.
Show more
Updated on 7/30/2026
TechnipFMC (FTI) stock has remained largely at the same level since 3/31/2026 because of the following key factors:
1. Robust Subsea Segment Performance and Aggressive Shareholder Returns Countered by Mixed Overall Inbound Orders. TechnipFMC's Subsea segment demonstrated strong financial execution, with its adjusted EBITDA margin reaching a record 23.2% in fiscal Q2 2026, an increase of 320 basis points from fiscal Q1 2026, driven by higher project activity, particularly iEPCI projects in the North Sea and Mediterranean regions. In fiscal Q1 2026, Subsea operating profit was $349 million, yielding a 15.8% margin. The company actively returned capital to shareholders, repurchasing $264.8 million of shares in fiscal Q1 2026 and $420.1 million in fiscal Q2 2026, totaling $684.9 million in the first half of 2026. However, despite robust Subsea orders, total company inbound orders decreased by 30.3% year-over-year in fiscal Q1 2026 to $2.15 billion, creating a mixed picture for overall immediate growth.
2. Significant Overvaluation Concerns Capped Further Stock Appreciation. Despite strong operational results and beats on earnings estimates in both fiscal Q1 and Q2 2026, the stock was perceived as significantly overvalued. GuruFocus' GF Value™ indicated that TechnipFMC was trading at a substantial premium, with a fair value estimate of $36.63 compared to its trading price of approximately $68.92-$71.73 around the end of fiscal Q2 2026, implying an overvaluation of 88.2% to 95.8%. This analyst sentiment and valuation assessment likely acted as a ceiling on the stock's upward movement during the period.
3. Divergent Segment Performance: Subsea Strength Offset by Surface Technologies Weakness. While the Subsea segment was a consistent driver of growth and profitability, the Surface Technologies segment faced headwinds. Revenue in Surface Technologies declined to $284.3 million in fiscal Q1 2026 and further to $276.2 million in fiscal Q2 2026, primarily due to lower activity in the Middle East and North America. This weakness in one of its core segments partially offset the strong performance of the Subsea division, contributing to the stock's largely stable trend rather than a significant breakout.
4. Investor Focus on Future "Step-Up" in Greenfield Projects. Management frequently highlighted expectations for a more significant acceleration in Subsea order activity and larger greenfield projects in 2027 and beyond, projecting a "step-up" in orders following an anticipated $10 billion in Subsea inbound orders for fiscal year 2026. While positive for the long term, this forward-looking guidance may have led investors to temper immediate expectations for dramatic stock price appreciation within the specified period, as the most substantial growth catalysts were positioned further out on the horizon.
Show less
TechnipFMC (FTI) stock has remained largely at the same level since 3/31/2026 because of the following key factors:
1. Robust Subsea Segment Performance and Aggressive Shareholder Returns Countered by Mixed Overall Inbound Orders. TechnipFMC's Subsea segment demonstrated strong financial execution, with its adjusted EBITDA margin reaching a record 23.2% in fiscal Q2 2026, an increase of 320 basis points from fiscal Q1 2026, driven by higher project activity, particularly iEPCI projects in the North Sea and Mediterranean regions. In fiscal Q1 2026, Subsea operating profit was $349 million, yielding a 15.8% margin. The company actively returned capital to shareholders, repurchasing $264.8 million of shares in fiscal Q1 2026 and $420.1 million in fiscal Q2 2026, totaling $684.9 million in the first half of 2026. However, despite robust Subsea orders, total company inbound orders decreased by 30.3% year-over-year in fiscal Q1 2026 to $2.15 billion, creating a mixed picture for overall immediate growth.
2. Significant Overvaluation Concerns Capped Further Stock Appreciation. Despite strong operational results and beats on earnings estimates in both fiscal Q1 and Q2 2026, the stock was perceived as significantly overvalued. GuruFocus' GF Value™ indicated that TechnipFMC was trading at a substantial premium, with a fair value estimate of $36.63 compared to its trading price of approximately $68.92-$71.73 around the end of fiscal Q2 2026, implying an overvaluation of 88.2% to 95.8%. This analyst sentiment and valuation assessment likely acted as a ceiling on the stock's upward movement during the period.
3. Divergent Segment Performance: Subsea Strength Offset by Surface Technologies Weakness. While the Subsea segment was a consistent driver of growth and profitability, the Surface Technologies segment faced headwinds. Revenue in Surface Technologies declined to $284.3 million in fiscal Q1 2026 and further to $276.2 million in fiscal Q2 2026, primarily due to lower activity in the Middle East and North America. This weakness in one of its core segments partially offset the strong performance of the Subsea division, contributing to the stock's largely stable trend rather than a significant breakout.
4. Investor Focus on Future "Step-Up" in Greenfield Projects. Management frequently highlighted expectations for a more significant acceleration in Subsea order activity and larger greenfield projects in 2027 and beyond, projecting a "step-up" in orders following an anticipated $10 billion in Subsea inbound orders for fiscal year 2026. While positive for the long term, this forward-looking guidance may have led investors to temper immediate expectations for dramatic stock price appreciation within the specified period, as the most substantial growth catalysts were positioned further out on the horizon.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -0.2% change in FTI stock from 3/31/2026 to 7/30/2026 was primarily driven by a -11.8% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 7302026 | Change |
|---|---|---|---|
| Stock Price ($) | 69.08 | 68.92 | -0.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,933 | 10,192 | 2.6% |
| Net Income Margin (%) | 9.7% | 10.6% | 9.4% |
| P/E Multiple | 28.9 | 25.5 | -11.8% |
| Shares Outstanding (Mil) | 403 | 400 | 0.7% |
| Cumulative Contribution | -0.2% |
Market Drivers
3/31/2026 to 7/30/2026| Return | Correlation | |
|---|---|---|
| FTI | -0.2% | |
| Market (SPY) | 14.0% | -4.3% |
| Sector (XLE) | -3.8% | 46.9% |
Fundamental Drivers
The 54.9% change in FTI stock from 12/31/2025 to 7/30/2026 was primarily driven by a 32.3% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 7302026 | Change |
|---|---|---|---|
| Stock Price ($) | 44.49 | 68.92 | 54.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,783 | 10,192 | 4.2% |
| Net Income Margin (%) | 9.7% | 10.6% | 9.8% |
| P/E Multiple | 19.3 | 25.5 | 32.3% |
| Shares Outstanding (Mil) | 410 | 400 | 2.3% |
| Cumulative Contribution | 54.9% |
Market Drivers
12/31/2025 to 7/30/2026| Return | Correlation | |
|---|---|---|
| FTI | 54.9% | |
| Market (SPY) | 9.1% | 14.4% |
| Sector (XLE) | 32.7% | 44.5% |
Fundamental Drivers
The 100.9% change in FTI stock from 6/30/2025 to 7/30/2026 was primarily driven by a 46.0% change in the company's P/E Multiple.| (LTM values as of) | 6302025 | 7302026 | Change |
|---|---|---|---|
| Stock Price ($) | 34.30 | 68.92 | 100.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,275 | 10,192 | 9.9% |
| Net Income Margin (%) | 8.9% | 10.6% | 19.0% |
| P/E Multiple | 17.5 | 25.5 | 46.0% |
| Shares Outstanding (Mil) | 421 | 400 | 5.3% |
| Cumulative Contribution | 100.9% |
Market Drivers
6/30/2025 to 7/30/2026| Return | Correlation | |
|---|---|---|
| FTI | 100.9% | |
| Market (SPY) | 21.1% | 16.2% |
| Sector (XLE) | 42.3% | 47.6% |
Fundamental Drivers
The 323.1% change in FTI stock from 6/30/2023 to 7/30/2026 was primarily driven by a 157.8% change in the company's P/S Multiple.| (LTM values as of) | 6302023 | 7302026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.29 | 68.92 | 323.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,862 | 10,192 | 48.5% |
| P/S Multiple | 1.0 | 2.7 | 157.8% |
| Shares Outstanding (Mil) | 442 | 400 | 10.5% |
| Cumulative Contribution | 323.1% |
Market Drivers
6/30/2023 to 7/30/2026| Return | Correlation | |
|---|---|---|
| FTI | 323.1% | |
| Market (SPY) | 73.2% | 42.8% |
| Sector (XLE) | 58.8% | 63.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FTI Return | -37% | 106% | 66% | 45% | 55% | 61% | 679% |
| Peers Return | 25% | 58% | 6% | -6% | 5% | 38% | 186% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 7% | 95% |
Monthly Win Rates [3] | |||||||
| FTI Win Rate | 42% | 75% | 67% | 58% | 75% | 71% | |
| Peers Win Rate | 52% | 62% | 48% | 40% | 63% | 66% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| FTI Max Drawdown | -57% | -37% | -21% | -20% | -29% | -16% | |
| Peers Max Drawdown | -31% | -44% | -31% | -28% | -33% | -21% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SLB, BKR, HAL, NOV, OII. See FTI Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/30/2026 (YTD)
How Low Can It Go
| Event | FTI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -24.6% | -18.8% |
| % Gain to Breakeven | 32.6% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -12.5% | -6.7% |
| % Gain to Breakeven | 14.3% | 7.1% |
| Time to Breakeven | 49 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -11.8% | -24.5% |
| % Gain to Breakeven | 13.3% | 32.4% |
| Time to Breakeven | 5 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -70.9% | -33.7% |
| % Gain to Breakeven | 243.3% | 50.9% |
| Time to Breakeven | 1206 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -40.2% | -19.2% |
| % Gain to Breakeven | 67.3% | 23.8% |
| Time to Breakeven | 2046 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -30.7% | -12.2% |
| % Gain to Breakeven | 44.4% | 13.9% |
| Time to Breakeven | 253 days | 62 days |
In The Past
TechnipFMC's stock fell -24.6% during the 2025 US Tariff Shock. Such a loss loss requires a 32.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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| Event | FTI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -24.6% | -18.8% |
| % Gain to Breakeven | 32.6% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -70.9% | -33.7% |
| % Gain to Breakeven | 243.3% | 50.9% |
| Time to Breakeven | 1206 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -40.2% | -19.2% |
| % Gain to Breakeven | 67.3% | 23.8% |
| Time to Breakeven | 2046 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -30.7% | -12.2% |
| % Gain to Breakeven | 44.4% | 13.9% |
| Time to Breakeven | 253 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -63.2% | -6.8% |
| % Gain to Breakeven | 171.6% | 7.3% |
| Time to Breakeven | 3645 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -22.1% | -17.9% |
| % Gain to Breakeven | 28.4% | 21.8% |
| Time to Breakeven | 24 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -32.2% | -15.4% |
| % Gain to Breakeven | 47.5% | 18.2% |
| Time to Breakeven | 123 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -63.4% | -53.4% |
| % Gain to Breakeven | 173.4% | 114.4% |
| Time to Breakeven | 326 days | 1085 days |
In The Past
TechnipFMC's stock fell -24.6% during the 2025 US Tariff Shock. Such a loss loss requires a 32.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About TechnipFMC (FTI)
TechnipFMC plc (FTI) is a global technology and services company primarily serving the energy industry. It designs, manufactures, and installs essential systems and infrastructure for both subsea (deepwater) and surface (land and shallow water) oil and gas exploration and production. The company's main customers are oil and gas operators worldwide, for whom it provides the critical equipment and services needed to extract and transport hydrocarbons across Europe, Central Asia, the Americas, Asia Pacific, Africa, and the Middle East.
The company's Subsea segment specializes in the complete lifecycle of deepwater oil and gas fields. This includes the design, engineering, manufacturing, and installation of complex subsea production and processing systems, as well as umbilical, riser, and flowline systems. TechnipFMC also offers advanced vessels and digital solutions like Subsea Studio to optimize field development and operations, alongside comprehensive well and asset services.
Its Surface Technologies segment focuses on equipment and services for land and shallow water drilling and production. Key offerings include drilling and completion systems, surface wellheads, production trees, and fracturing equipment, alongside digital pressure control and automation solutions. Beyond traditional oil and gas, TechnipFMC is expanding into sustainable energy solutions, notably through a strategic alliance with Talos Energy Inc. to develop and deliver technical and commercial solutions for Carbon Capture and Storage (CCS) projects.
AI Analysis | Feedback
A General Electric for the oil and gas industry.
AI Analysis | Feedback
- Subsea Production and Processing Systems: Equipment designed for extracting and processing oil and gas underwater.
- Subsea Umbilicals, Risers, and Flowlines (SURF): Key components connecting subsea equipment to facilities and transporting hydrocarbons.
- Drilling and Completion Systems: Equipment used for land and shallow water well drilling and finishing.
- Surface Wellheads and Production Trees: Systems installed at the wellhead to control oil and gas flow.
- iComplete: A digitally enabled pressure control system for wells.
- Fracturing Tree and Manifold Systems: Equipment specifically for hydraulic fracturing operations.
- Subsea Studio: A software platform for optimizing subsea field development and operations.
- Automation and Digital Systems: Technologies to automate and digitize oil and gas field operations.
- Well and Asset Services: Comprehensive services for the maintenance and management of subsea and surface wells and infrastructure.
- Pressure Pumping Services: Services involving the high-pressure injection of fluids for well stimulation.
- Flowback and Well Testing Services: Services to manage initial well flow and evaluate well performance.
- Life of Field Services: Services covering the entire lifecycle of land and shallow water assets, from planning to decommissioning.
- Carbon Capture and Storage (CCS) Solutions: Technical and commercial solutions for capturing and storing carbon emissions.
AI Analysis | Feedback
TechnipFMC plc primarily sells its products and services to other companies, rather than individuals.
Based on the provided background information, a specific company identified in a business context is Talos Energy Inc. (TALO), with whom TechnipFMC has a strategic alliance to develop and deliver technical and commercial solutions to Carbon Capture and Storage projects. For these specific solutions, Talos Energy Inc. can be considered a customer.
More broadly, TechnipFMC's customers are companies operating in the oil and gas industry, including those involved in:
- Oil and gas exploration and production (E&P) in subsea, land, and shallow water environments.
- Oil and gas transportation infrastructure.
- Developing and operating Carbon Capture and Storage (CCS) projects.
The background information does not provide names of other specific major customer companies.
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Douglas J. Pferdehirt, Chairman and Chief Executive Officer
Prior to his role as Chairman and Chief Executive Officer of TechnipFMC, Douglas J. Pferdehirt served as President and Chief Executive Officer of FMC Technologies. Before joining FMC Technologies in 2012, he spent 26 years at Schlumberger Limited, where he held a succession of executive leadership positions. These roles included Executive Vice President of Corporate Development and Communications, President of Schlumberger's Reservoir Production Group, Vice President of Investor Relations and Communications, President of North and South America Schlumberger, and Vice President of Oilfield Services U.S. Gulf of Mexico. Mr. Pferdehirt holds a bachelor's degree in petroleum and natural gas engineering from Pennsylvania State University. He assumed the role of Chairman and CEO of TechnipFMC after the merger in 2017.
Prior to his role as Chairman and Chief Executive Officer of TechnipFMC, Douglas J. Pferdehirt served as President and Chief Executive Officer of FMC Technologies. Before joining FMC Technologies in 2012, he spent 26 years at Schlumberger Limited, where he held a succession of executive leadership positions. These roles included Executive Vice President of Corporate Development and Communications, President of Schlumberger's Reservoir Production Group, Vice President of Investor Relations and Communications, President of North and South America Schlumberger, and Vice President of Oilfield Services U.S. Gulf of Mexico. Mr. Pferdehirt holds a bachelor's degree in petroleum and natural gas engineering from Pennsylvania State University. He assumed the role of Chairman and CEO of TechnipFMC after the merger in 2017.
Alf Melin, Executive Vice President and Chief Financial Officer
Alf Melin was appointed Executive Vice President and Chief Financial Officer of TechnipFMC, effective January 25, 2021. He has been with the company, including its predecessor FMC Technologies, since 1995. Throughout his tenure, he has held various leadership positions in finance, treasury, and operations. His previous roles include Senior Vice President of Finance Operations, where he oversaw global finance activities across all segments and had direct oversight of finance operations for the Subsea segment. He also served as Senior Vice President, Surface Americas, and General Manager, Fluid Control. Mr. Melin holds a Master of Science in Business Administration and Economics from Lund University in Sweden.
Jonathan Landes, President, Subsea
Jonathan Landes serves as President of TechnipFMC's Subsea business. Before taking on this role, he was responsible for all Commercial and Front-End Engineering activities globally for TechnipFMC's Subsea business. Prior to that, he served as President North America for TechnipFMC Subsea. Before the 2017 merger of Technip and FMC Technologies, Mr. Landes was General Manager, North America for FMC Technologies' Subsea business, and held General Manager roles in FMC Technologies' Fluid Control and Material Handling & Blending business units. He earned an MBA from the University of Notre Dame and BS and MS degrees in Agricultural Engineering from Purdue University.
Justin Rounce, Executive Vice President and Chief Technology Officer
Justin Rounce is the Executive Vice President and Chief Technology Officer of TechnipFMC. In this capacity, he is responsible for the company's Long-Term Strategy, Research and Innovation, Mergers and Acquisitions, Corporate Development, External Technology Engagement, Safety, Security, and IT.
Cristina Aalders, Executive Vice President, Chief Legal Officer, and Secretary
Cristina Aalders holds the position of Executive Vice President, Chief Legal Officer, and Secretary for TechnipFMC. She oversees the company's legal, compliance, and facilities management functions, and also serves as the Chief Compliance Officer. With over 15 years at TechnipFMC, Ms. Aalders has held various legal leadership roles, including Vice President, Legal for Surface Technologies, where she managed the legal function as general counsel, and multiple Senior Counsel and Legal Director roles supporting commercial activities and operations for both Subsea and Surface segments.
AI Analysis | Feedback
TechnipFMC (FTI) faces several key risks inherent to its operations in the global oil and gas industry. The most significant risks include the cyclical nature and volatility of the oil and gas market, geopolitical and economic uncertainties, and the ongoing energy transition.
The most significant risk to TechnipFMC's business is its **dependence on the cyclical nature of the oil and gas industry and the volatility of oil prices.** The company's performance is closely tied to the capital spending of its clients, which can be significantly impacted by fluctuations in oil prices and shifts in global supply and demand. Downturns in the industry can lead to reduced client spending, directly affecting TechnipFMC's revenue and profitability.
Another key risk stems from **geopolitical tensions and economic uncertainty**. TechnipFMC operates globally, exposing it to political, regulatory, and economic instability in various countries. Geopolitical tensions, trade disputes, and broader economic uncertainties can disrupt operations, delay projects, pressure margins, and negatively impact the company's financial performance.
The third significant risk is the **evolving energy landscape and the industry's transition towards renewable energy and decarbonization efforts**. The oil and gas industry is undergoing substantial changes, with an increasing focus on cleaner energy sources and technological advancements. This long-term shift could influence demand for TechnipFMC's traditional services and require continuous innovation and adaptation to new energy markets to maintain its competitive edge.
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The accelerating global energy transition and the increasing adoption of renewable energy sources pose an emerging threat by potentially leading to a structural decline in demand for fossil fuels. This shift directly impacts the long-term investment in new oil and gas exploration and production projects, which are the primary revenue drivers for TechnipFMC's core subsea and surface technologies businesses for crude oil and natural gas.
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TechnipFMC (FTI) operates in various segments of the oil and gas industry. The addressable markets for its main products and services are as follows:
Subsea Segment
- Subsea Production & Processing Systems: The global market for subsea production and processing systems was valued at approximately USD 23.72 billion in 2025 and is projected to reach USD 54.44 billion by 2034, with a compound annual growth rate (CAGR) of 9.67% during the forecast period. Another estimate places the global market at USD 28.70 billion in 2024, expected to grow to USD 54.84 billion by 2032 at a CAGR of 8.43% from 2025 to 2032.
- Subsea Umbilicals, Risers, and Flowlines (SURF): The global Subsea Umbilicals, Risers, and Flowlines (SURF) market size was valued at USD 5.67 billion in 2025 and is projected to reach USD 11.69 billion by 2035, growing at a CAGR of approximately 7.5% from 2026 to 2035. Separately, the global subsea flowlines market was valued at USD 2.4 billion in 2024 and is estimated to grow at a CAGR of 6.8% from 2025 to 2034. The umbilicals segment is projected to account for 45.2% of the total revenue share in the subsea umbilicals, risers and flowlines market by 2025.
- Overall Subsea System Market: The global subsea system market size was valued at USD 21.20 billion in 2025 and is projected to reach USD 34.93 billion by 2033, growing at a CAGR of 6.46% during 2026-2033.
Surface Technologies Segment
- Drilling and Completion Systems (Fluids): The global drilling and completion fluids market size was valued at USD 13.03 billion in 2024 and is poised to grow to USD 20.73 billion by 2033, with a CAGR of 5.3% during the forecast period (2026–2033).
- Surface Wellheads and Production Trees Systems: The global surface wellhead systems market size reached USD 3.6 billion in 2024. The global wellhead equipment market size was valued at USD 7.04 billion in 2024 and is projected to reach USD 10.74 billion by 2033, growing at a CAGR of 4.8% during the forecast period (2025-2033). Specifically for Christmas trees, the global market size was valued at USD 6.66 billion in 2025 and is projected to grow to USD 10.66 billion by 2034, exhibiting a CAGR of 5.37%. The global market size for wellhead and Christmas tree special parts was approximately USD 6.5 billion in 2023 and is anticipated to reach around USD 11.2 billion by 2032.
- Fracturing Tree and Manifold Systems (part of Pressure Pumping/Hydraulic Fracturing): The global pressure pumping market size was estimated at USD 95.57 billion in 2025 and is predicted to increase to approximately USD 183.76 billion by 2035, expanding at a CAGR of 6.76% from 2026 to 2035. The global hydraulic fracturing market size was valued at USD 64.41 billion in 2025 and is predicted to increase to approximately USD 142.4 billion by 2035, expanding at a CAGR of 8.26% from 2026 to 2035.
- Well Services (including flowback, well testing, and other well services): The global oilfield services market, which encompasses a broad range of well services, is valued at USD 129 billion. It was estimated at USD 133.1 billion in 2023 and is projected to reach USD 166.4 billion by 2030, growing at a CAGR of 3.4% from 2024 to 2030. More specifically, the global rigless intervention services market (a part of well maintenance) was estimated at USD 11.62 billion in 2025 and is predicted to increase to approximately USD 22.31 billion by 2035.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for TechnipFMC (FTI) over the next 2-3 years:
- Strong Demand and Backlog in the Subsea Segment: TechnipFMC's Subsea segment is projected to be a primary driver of growth, with anticipated revenues between $8.4 billion and $8.8 billion in 2025 and an outlook of $9.2 billion to $9.6 billion for 2026. This growth is underpinned by a robust and expanding backlog, with the company securing significant inbound orders, including over $30 billion in Subsea awards over the three years ending 2025, and expecting orders to surpass $10 billion in both 2025 and 2026.
- Technological Innovation and Integrated Solutions: The company's focus on differentiated offerings such as its integrated Engineering, Procurement, Construction, and Installation (iEPCI™) model and Subsea 2.0 platform is expected to drive revenue. These advanced subsea technology innovations provide greater schedule certainty, enhance customer value, and contribute to securing high-quality, direct awards with improved economics.
- Expansion into New Energy Markets (Carbon Capture and Storage, Offshore Wind, Hydrogen): TechnipFMC is strategically positioning itself in the energy transition. Its increasing engagement in Carbon Capture and Storage (CCS) projects, evidenced by significant orders in Q1 2025 and strategic alliances, along with its involvement in the burgeoning offshore wind and hydrogen production markets, represents a key area for future revenue growth.
- Increased Global Offshore Project Activity: The company anticipates continued strength in offshore activity driven by sustained capital investment in offshore projects. Improved economics and increased project certainty for large, high-quality, and prolific offshore reservoirs are expected to lead to a greater share of capital investment in this sector, benefiting TechnipFMC's core business.
- Geographical Diversification and International Market Expansion: Revenue growth is also expected from increased project activity across diverse international markets. Specifically, higher activity levels have been noted in regions such as Africa, the Americas, Australia, the North Sea, and the Asia Pacific, contributing to both the Subsea and Surface Technologies segments.
AI Analysis | Feedback
Share Repurchases
- TechnipFMC authorized an additional $2 billion in share repurchases in October 2025, increasing the total authorization to $2.3 billion.
- Since the initial authorization in July 2022, TechnipFMC has returned over $1.6 billion to shareholders through stock repurchases and dividends.
- In 2025, total shareholder distributions, including share repurchases and dividends, amounted to $1 billion, more than doubling the distributions from the prior year.
Capital Expenditures
- For the full year 2026, capital expenditures are projected to be approximately $340 million, representing just over 3% of expected revenue.
- In the fourth quarter of 2025, capital expenditures totaled $94 million.
- The company maintains a disciplined asset-light approach to capital management.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 48.27 |
| Mkt Cap | 27.0 |
| Rev LTM | 16,282 |
| Op Inc LTM | 2,211 |
| FCF LTM | 1,535 |
| FCF 3Y Avg | 1,593 |
| CFO LTM | 2,203 |
| CFO 3Y Avg | 2,385 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.6% |
| Rev Chg 3Y Avg | 5.8% |
| Rev Chg Q | 4.3% |
| QoQ Delta Rev Chg LTM | 1.1% |
| Op Inc Chg LTM | -7.9% |
| Op Inc Chg 3Y Avg | 10.7% |
| Op Mgn LTM | 13.0% |
| Op Mgn 3Y Avg | 11.8% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 14.1% |
| CFO/Rev 3Y Avg | 13.9% |
| FCF/Rev LTM | 9.5% |
| FCF/Rev 3Y Avg | 8.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 27.0 |
| P/S | 1.8 |
| P/Op Inc | 15.3 |
| P/EBIT | 16.1 |
| P/E | 21.3 |
| P/CFO | 12.3 |
| Total Yield | 6.7% |
| Dividend Yield | 1.8% |
| FCF Yield 3Y Avg | 7.2% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 4.6% |
| 3M Rtn | -11.1% |
| 6M Rtn | 5.8% |
| 12M Rtn | 50.9% |
| 3Y Rtn | 41.1% |
| 1M Excs Rtn | 5.4% |
| 3M Excs Rtn | -15.3% |
| 6M Excs Rtn | -0.1% |
| 12M Excs Rtn | 29.6% |
| 3Y Excs Rtn | -18.3% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Subsea | 8,666 | 7,820 | 6,435 | 5,461 | 5,329 |
| Surface Technologies | 1,267 | 1,263 | 1,389 | 1,239 | 1,074 |
| Total | 9,933 | 9,083 | 7,824 | 6,700 | 6,404 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Subsea | 1,299 | 953 | 544 | 318 | 141 |
| Surface Technologies | 137 | 204 | 115 | 58 | 42 |
| Total | 1,436 | 1,157 | 658 | 376 | 183 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Subsea | 6,900 | 6,894 | 6,403 | 6,455 | 6,532 |
| Corporate | 2,072 | 1,767 | 1,820 | 1,655 | 2,068 |
| Surface Technologies | 1,146 | 1,208 | 1,434 | 1,334 | 1,420 |
| Total | 10,118 | 9,869 | 9,657 | 9,444 | 10,020 |
Price Behavior
Price Behavior
| Market Price | $68.92 | |
| Market Cap ($ Bil) | 27.6 | |
| First Trading Date | 06/15/2001 | |
| Distance from 52W High | -10.4% | |
| 50 Days | 200 Days | |
| DMA Price | $69.77 | $59.76 |
| DMA Trend | up | down |
| Distance from DMA | -1.2% | 15.3% |
| 3M | 1YR | |
| Volatility | 35.0% | 30.9% |
| Downside Capture | 58.41 | 18.70 |
| Upside Capture | 8.35 | 88.80 |
| Correlation (SPY) | 8.7% | 20.7% |
FTI Betas & Captures as of 6/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.45 | 0.37 | 0.13 | 0.45 | 0.49 | 1.02 |
| Up Beta | -1.70 | -1.50 | -0.97 | -0.58 | -0.05 | 0.99 |
| Down Beta | 0.33 | 0.38 | 0.70 | 0.78 | 0.64 | 1.49 |
| Up Capture | 97% | 32% | 31% | 113% | 96% | 100% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 12 | 22 | 38 | 78 | 147 | 420 |
| Down Capture | 116% | 145% | 90% | 35% | 33% | 83% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 9 | 19 | 25 | 47 | 104 | 326 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FTI | |
|---|---|---|---|---|
| FTI | 84.9% | 30.9% | 2.00 | - |
| Sector ETF (XLE) | 35.9% | 21.1% | 1.35 | 48.8% |
| Equity (SPY) | 17.8% | 12.9% | 1.01 | 18.4% |
| Gold (GLD) | 23.3% | 28.1% | 0.73 | 11.1% |
| Commodities (DBC) | 29.4% | 19.7% | 1.19 | 32.1% |
| Real Estate (VNQ) | 12.7% | 13.9% | 0.62 | 7.9% |
| Bitcoin (BTCUSD) | -46.2% | 42.9% | -1.32 | 19.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FTI | |
|---|---|---|---|---|
| FTI | 57.6% | 41.9% | 1.21 | - |
| Sector ETF (XLE) | 23.6% | 25.8% | 0.81 | 69.9% |
| Equity (SPY) | 12.7% | 17.1% | 0.57 | 40.6% |
| Gold (GLD) | 17.4% | 18.4% | 0.76 | 11.0% |
| Commodities (DBC) | 9.0% | 19.5% | 0.35 | 46.4% |
| Real Estate (VNQ) | 2.8% | 18.9% | 0.05 | 27.5% |
| Bitcoin (BTCUSD) | 14.5% | 53.3% | 0.45 | 16.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FTI | |
|---|---|---|---|---|
| FTI | 10.5% | 48.1% | 0.39 | - |
| Sector ETF (XLE) | 9.8% | 29.6% | 0.37 | 73.7% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 46.7% |
| Gold (GLD) | 11.6% | 16.1% | 0.59 | 6.7% |
| Commodities (DBC) | 7.2% | 18.0% | 0.32 | 46.9% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 36.6% |
| Bitcoin (BTCUSD) | 57.8% | 66.2% | 0.98 | 13.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 7/30/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/30/2026 | -1.8% | -4.0% | -11.1% |
| 2/19/2026 | -0.8% | 6.2% | 6.4% |
| 10/23/2025 | 9.1% | 9.4% | 16.1% |
| 7/24/2025 | 11.8% | 9.4% | 5.3% |
| 4/24/2025 | 9.9% | 12.5% | 18.3% |
| 2/27/2025 | 3.3% | -4.8% | 12.2% |
| 10/24/2024 | 2.8% | 3.7% | 19.5% |
| 7/25/2024 | 4.0% | 8.1% | -4.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 16 | 16 |
| # Negative | 8 | 8 | 8 |
| Median Positive | 6.3% | 9.4% | 13.5% |
| Median Negative | -4.8% | -4.4% | -4.8% |
| Max Positive | 12.0% | 23.1% | 30.9% |
| Max Negative | -8.2% | -25.9% | -22.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/30/2026 | -1.8% | -4.0% | -11.1% |
| 2/19/2026 | -0.8% | 6.2% | 6.4% |
| 10/23/2025 | 9.1% | 9.4% | 16.1% |
| 7/24/2025 | 11.8% | 9.4% | 5.3% |
| 4/24/2025 | 9.9% | 12.5% | 18.3% |
| 2/27/2025 | 3.3% | -4.8% | 12.2% |
| 10/24/2024 | 2.8% | 3.7% | 19.5% |
| 7/25/2024 | 4.0% | 8.1% | -4.5% |
| 4/25/2024 | 3.4% | -1.4% | -0.3% |
| 2/22/2024 | 6.2% | 8.1% | 24.5% |
| 10/26/2023 | 9.0% | 9.8% | 7.1% |
| 7/27/2023 | -6.3% | -4.0% | -3.6% |
| 4/27/2023 | 4.8% | 0.1% | 8.4% |
| 2/23/2023 | 6.4% | 16.6% | -5.0% |
| 10/26/2022 | -4.7% | -3.8% | 10.8% |
| 7/27/2022 | 10.1% | 23.1% | 30.9% |
| 4/27/2022 | -0.5% | 3.6% | 13.8% |
| 2/23/2022 | 4.7% | 11.5% | 20.3% |
| 10/20/2021 | -8.2% | -7.3% | -19.0% |
| 7/21/2021 | -7.8% | -5.6% | -22.3% |
| 4/27/2021 | 9.1% | 7.6% | 13.1% |
| 2/24/2021 | 12.0% | 14.4% | 1.1% |
| 10/21/2020 | -4.9% | -25.9% | 17.6% |
| 7/29/2020 | 3.9% | 11.5% | -1.4% |
| SUMMARY STATS | |||
| # Positive | 16 | 16 | 16 |
| # Negative | 8 | 8 | 8 |
| Median Positive | 6.3% | 9.4% | 13.5% |
| Median Negative | -4.8% | -4.4% | -4.8% |
| Max Positive | 12.0% | 23.1% | 30.9% |
| Max Negative | -8.2% | -25.9% | -22.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/19/2026 | 10-K |
| 09/30/2025 | 10/23/2025 | 10-Q |
| 06/30/2025 | 07/24/2025 | 10-Q |
| 03/31/2025 | 04/24/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 10/24/2024 | 10-Q |
| 06/30/2024 | 07/25/2024 | 10-Q |
| 03/31/2024 | 04/26/2024 | 10-Q |
| 12/31/2023 | 02/27/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 04/27/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 10/28/2022 | 10-Q |
| 06/30/2022 | 07/29/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/19/2026 | 10-K |
| 09/30/2025 | 10/23/2025 | 10-Q |
| 06/30/2025 | 07/24/2025 | 10-Q |
| 03/31/2025 | 04/24/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 10/24/2024 | 10-Q |
| 06/30/2024 | 07/25/2024 | 10-Q |
| 03/31/2024 | 04/26/2024 | 10-Q |
| 12/31/2023 | 02/27/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 04/27/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 10/28/2022 | 10-Q |
| 06/30/2022 | 07/29/2022 | 10-Q |
| 03/31/2022 | 05/02/2022 | 10-Q |
| 12/31/2021 | 02/28/2022 | 10-K |
| 09/30/2021 | 10/27/2021 | 10-Q |
| 06/30/2021 | 07/29/2021 | 10-Q |
| 03/31/2021 | 05/03/2021 | 10-Q |
| 12/31/2020 | 03/05/2021 | 10-K |
| 09/30/2020 | 11/02/2020 | 10-Q |
| 06/30/2020 | 07/31/2020 | 10-Q |
| 03/31/2020 | 05/04/2020 | 10-Q |
| 12/31/2019 | 03/03/2020 | 10-K |
| 09/30/2019 | 11/12/2019 | 10-Q |
| 06/30/2019 | 08/08/2019 | 10-Q |
Recent Forward Guidance
Updated 7/30/2026Latest: Q2 2026 Earnings Reported 7/30/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Subsea Revenue | 92.00 Bil | 9.40 Bil | 9.60 Bil | 0 | Affirmed | Guidance: 9.40 Bil for 2026 | |
| 2026 Subsea Adjusted EBITDA margin | 21.0% | 21.5% | 22.0% | 0 | Affirmed | Guidance: 21.5% for 2026 | |
| 2026 Surface Technologies Revenue | 1.15 Bil | 1.23 Bil | 1.30 Bil | 0 | Affirmed | Guidance: 1.23 Bil for 2026 | |
| 2026 Surface Technologies Adjusted EBITDA margin | 16.5% | 17.25% | 18.0% | 0 | Affirmed | Guidance: 17.25% for 2026 | |
| 2026 Corporate expense, net | 115.00 Mil | 120.00 Mil | 125.00 Mil | 0 | Affirmed | Guidance: 120.00 Mil for 2026 | |
| 2026 Net interest expense | 10.00 Mil | 15.00 Mil | 20.00 Mil | 0 | Affirmed | Guidance: 15.00 Mil for 2026 | |
| 2026 Effective tax rate | 27.0% | 29.0% | 31.0% | 0 | Affirmed | Guidance: 29.0% for 2026 | |
| 2026 Capital expenditures | 340.00 Mil | 0 | Affirmed | Guidance: 340.00 Mil for 2026 | |||
| 2026 Free cash flow | 1.30 Bil | 1.38 Bil | 1.45 Bil | 0 | Affirmed | Guidance: 1.38 Bil for 2026 | |
Prior: Q1 2026 Earnings Reported 4/30/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Subsea Revenue | 9.20 Bil | 9.40 Bil | 9.60 Bil | 0 | Affirmed | Guidance: 9.40 Bil for 2026 | |
| 2026 Subsea Adjusted EBITDA margin | 21.0% | 21.5% | 22.0% | 0 | Affirmed | Guidance: 21.5% for 2026 | |
| 2026 Surface Technologies Revenue | 1.15 Bil | 1.23 Bil | 1.30 Bil | 0 | Affirmed | Guidance: 1.23 Bil for 2026 | |
| 2026 Surface Technologies Adjusted EBITDA margin | 16.5% | 17.25% | 18.0% | 0 | Affirmed | Guidance: 17.25% for 2026 | |
| 2026 Corporate expense, net | 115.00 Mil | 120.00 Mil | 125.00 Mil | 0 | Affirmed | Guidance: 120.00 Mil for 2026 | |
| 2026 Net interest expense | 10.00 Mil | 15.00 Mil | 20.00 Mil | 0 | Affirmed | Guidance: 15.00 Mil for 2026 | |
| 2026 Effective tax rate | 27.0% | 29.0% | 31.0% | 0 | Affirmed | Guidance: 29.0% for 2026 | |
| 2026 Capital Expenditures | 340.00 Mil | 0 | Affirmed | Guidance: 340.00 Mil for 2026 | |||
| 2026 Free Cash Flow | 1.30 Bil | 1.38 Bil | 1.45 Bil | 0 | Affirmed | Guidance: 1.38 Bil for 2026 | |
| 2026 Subsea Orders | 10.00 Bil | ||||||
Q4 2025 Earnings Reported 2/19/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Subsea Revenue | 9.20 Bil | 9.40 Bil | 9.60 Bil | 1.1% | Raised | Guidance: 9.30 Bil for 2026 | |
| 2026 Subsea Adjusted EBITDA Margin | 21.0% | 21.5% | 22.0% | 0.2% | Raised | Guidance: 21.25% for 2026 | |
| 2026 Surface Technologies Revenue | 1.15 Bil | 1.23 Bil | 1.30 Bil | ||||
| 2026 Surface Technologies Adjusted EBITDA Margin | 16.5% | 17.25% | 18.0% | ||||
| 2026 Corporate Expense, net | 115.00 Mil | 120.00 Mil | 125.00 Mil | ||||
| 2026 Net interest expense | 10.00 Mil | 15.00 Mil | 20.00 Mil | ||||
| 2026 Effective tax rate | 27.0% | 29.0% | 31.0% | ||||
| 2026 Capital Expenditures | 340.00 Mil | ||||||
| 2026 Free Cash Flow | 1.30 Bil | 1.38 Bil | 1.45 Bil | ||||
Q3 2025 Earnings Reported 10/23/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Subsea Revenue | 8.40 Bil | 8.60 Bil | 8.80 Bil | 0 | Affirmed | Guidance: 8.60 Bil for 2025 | |
| 2025 Subsea Adjusted EBITDA Margin | 19.0% | 19.5% | 20.0% | 0 | Affirmed | Guidance: 19.5% for 2025 | |
| 2025 Surface Technologies Revenue | 1.20 Bil | 1.27 Bil | 1.35 Bil | 0 | Affirmed | Guidance: 1.27 Bil for 2025 | |
| 2025 Surface Technologies Adjusted EBITDA Margin | 16.0% | 16.25% | 16.5% | 0.8% | Raised | Guidance: 15.5% for 2025 | |
| 2025 Corporate Expense, net | 115.00 Mil | 120.00 Mil | 125.00 Mil | 0 | Affirmed | Guidance: 120.00 Mil for 2025 | |
| 2025 Net interest expense | 45.00 Mil | 50.00 Mil | 55.00 Mil | 0 | Affirmed | Guidance: 50.00 Mil for 2025 | |
| 2025 Effective tax rate | 28.0% | 30.0% | 32.0% | 0 | Affirmed | Guidance: 30.0% for 2025 | |
| 2025 Capital expenditures | 340.00 Mil | 0 | Affirmed | Guidance: 340.00 Mil for 2025 | |||
| 2025 Free cash flow | 1.30 Bil | 1.38 Bil | 1.45 Bil | 27.9% | Raised | Guidance: 1.07 Bil for 2025 | |
| 2026 Subsea Revenue | 9.10 Bil | 9.30 Bil | 9.50 Bil | ||||
| 2026 Subsea Adjusted EBITDA Margin | 20.5% | 21.25% | 22.0% | ||||
Insider Activity
Updated 7/27/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Oleary, John C G | Direct | Sell | 5192026 | 72.79 | 6,350 | 462,217 | 9,559,875 | Form | |
| 2 | Priestly, Kay G | Direct | Sell | 5062026 | 74.66 | 6,000 | 447,960 | 9,500,186 | Form | |
| 3 | Duffe, Luana | EVP, New Energy | Direct | Sell | 5062026 | 74.39 | 1,870 | 139,109 | 5,728,104 | Form |
| 4 | Farley, Claire S | Direct | Sell | 5062026 | 74.66 | 4,500 | 335,970 | 12,997,858 | Form | |
| 5 | Zurquiyah, Rousset Sophie | Direct | Sell | 3252026 | 69.32 | 6,350 | 440,182 | 4,151,367 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Oleary, John C G | Direct | Sell | 5192026 | 72.79 | 6,350 | 462,217 | 9,559,875 | Form | |
| 2 | Priestly, Kay G | Direct | Sell | 5062026 | 74.66 | 6,000 | 447,960 | 9,500,186 | Form | |
| 3 | Duffe, Luana | EVP, New Energy | Direct | Sell | 5062026 | 74.39 | 1,870 | 139,109 | 5,728,104 | Form |
| 4 | Farley, Claire S | Direct | Sell | 5062026 | 74.66 | 4,500 | 335,970 | 12,997,858 | Form | |
| 5 | Zurquiyah, Rousset Sophie | Direct | Sell | 3252026 | 69.32 | 6,350 | 440,182 | 4,151,367 | Form | |
| 6 | Melin, Alf | EVP & Chief Financial Officer | Direct | Sell | 3112026 | 63.13 | 43,554 | 2,749,564 | 15,086,997 | Form |
| 7 | Rounce, Justin | EVP & Chief Technology Officer | Direct | Sell | 3112026 | 62.10 | 172,276 | 10,699,160 | 7,431,890 | Form |
| 8 | Landes, Jonathan | President, Subsea | Direct | Sell | 3112026 | 62.20 | 116,194 | 7,227,736 | 4,438,631 | Form |
| 9 | Duffe, Luana | EVP, New Energy | Direct | Sell | 3112026 | 62.43 | 47,951 | 2,993,581 | 4,923,917 | Form |
| 10 | Melin, Alf | EVP & Chief Financial Officer | Direct | Sell | 3112026 | 61.83 | 83,721 | 5,176,165 | 17,468,237 | Form |
| 11 | Light, David | SVP & Chief Accounting Officer | Direct | Sell | 3112026 | 62.43 | 6,622 | 413,411 | 312,462 | Form |
| 12 | Pferdehirt, Douglas J | Chair and CEO | Direct | Sell | 3112026 | 62.24 | 733,424 | 45,651,207 | 150,123,197 | Form |
| 13 | De, Carvalho Filho Eleazar | Direct | Sell | 2252026 | 65.40 | 6,350 | 415,290 | 6,400,044 | Form | |
| 14 | Pferdehirt, Douglas J | Chair and CEO | Direct | Sell | 9232025 | 38.62 | 632,539 | 24,428,656 | 112,656,625 | Form |
| 15 | Pferdehirt, Douglas J | Chair and CEO | Family Trust | Sell | 9232025 | 38.35 | 80,304 | Form | ||
| 16 | Melin, Alf | EVP & Chief Financial Officer | Direct | Sell | 9232025 | 38.61 | 113,760 | 4,392,411 | 9,310,707 | Form |
| 17 | Conti, Thierry | President, Surface | Direct | Sell | 9232025 | 38.64 | 50,000 | 1,932,000 | 2,177,441 | Form |
| 18 | Zurquiyah, Rousset Sophie | Direct | Sell | 7282025 | 37.12 | 9,381 | 348,223 | 2,337,743 | Form |
Investor Activity (13F)
Updated Jul 31, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
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Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 7/30/2026