TechnipFMC (FTI)
Market Price (2/10/2026): $60.4 | Market Cap: $24.7 BilSector: Energy | Industry: Oil & Gas Equipment & Services
TechnipFMC (FTI)
Market Price (2/10/2026): $60.4Market Cap: $24.7 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 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16% | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% | Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 13x |
| Attractive yieldFCF Yield is 6.3% | Key risksFTI key risks include potential [1] cost overruns, Show more. | |
| Low stock price volatilityVol 12M is 41% | ||
| Megatrend and thematic driversMegatrends include Offshore Wind Development, Hydrogen Economy, and Energy Transition & Decarbonization. Themes include Subsea Cable Infrastructure, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16% |
| Attractive yieldFCF Yield is 6.3% |
| Low stock price volatilityVol 12M is 41% |
| Megatrend and thematic driversMegatrends include Offshore Wind Development, Hydrogen Economy, and Energy Transition & Decarbonization. Themes include Subsea Cable Infrastructure, Show more. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 13x |
| Key risksFTI key risks include potential [1] cost overruns, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Exceptional Third-Quarter 2025 Financial Performance and Raised Full-Year Guidance.
TechnipFMC (FTI) reported stronger-than-expected third-quarter 2025 earnings on October 23, 2025, with an Earnings Per Share (EPS) of $0.75, significantly surpassing analyst consensus estimates of $0.65. Concurrently, the company's revenue reached $2.65 billion, exceeding the $2.60 billion forecast. This robust performance led management to increase its full-year 2025 free cash flow target by 20%, aiming for a midpoint of $1.375 billion, and committing to return over 70% of free cash flow to shareholders. This strong financial beat and optimistic outlook fueled investor confidence and contributed to the stock's upward trajectory.
2. Series of Major Integrated Project (iEPCI) and Subsea Contract Wins.
Over the period, TechnipFMC secured several significant contracts that bolstered its order book and indicated strong future revenue generation. Key awards included a "large" integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract from bp for its Tiber development in the Gulf of Mexico, valued between $600 million and $800 million, which was recorded in Q4 2025 inbound orders. Additionally, the company secured a "substantial" contract from Eni S.p.A. for the Coral North FLNG project offshore Mozambique (valued between $250 million and $500 million) and a "significant" contract from Chevron for Subsea 2.0® production systems for the Gorgon Stage 3 project (valued between $75 million and $250 million). These major contract wins underscore TechnipFMC's strong market position and technological leadership.
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Stock Movement Drivers
Fundamental Drivers
The 45.2% change in FTI stock from 10/31/2025 to 2/9/2026 was primarily driven by a 45.2% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2092026 | Change |
|---|---|---|---|
| Stock Price ($) | 41.30 | 59.97 | 45.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,783 | 9,783 | 0.0% |
| Net Income Margin (%) | 9.7% | 9.7% | 0.0% |
| P/E Multiple | 17.9 | 26.0 | 45.2% |
| Shares Outstanding (Mil) | 410 | 410 | 0.0% |
| Cumulative Contribution | 45.2% |
Market Drivers
10/31/2025 to 2/9/2026| Return | Correlation | |
|---|---|---|
| FTI | 45.2% | |
| Market (SPY) | 1.7% | 33.6% |
| Sector (XLE) | 21.7% | 60.1% |
Fundamental Drivers
The 65.3% change in FTI stock from 7/31/2025 to 2/9/2026 was primarily driven by a 56.9% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2092026 | Change |
|---|---|---|---|
| Stock Price ($) | 36.28 | 59.97 | 65.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,484 | 9,783 | 3.2% |
| Net Income Margin (%) | 9.6% | 9.7% | 0.7% |
| P/E Multiple | 16.5 | 26.0 | 56.9% |
| Shares Outstanding (Mil) | 415 | 410 | 1.4% |
| Cumulative Contribution | 65.3% |
Market Drivers
7/31/2025 to 2/9/2026| Return | Correlation | |
|---|---|---|
| FTI | 65.3% | |
| Market (SPY) | 10.1% | 28.0% |
| Sector (XLE) | 24.1% | 55.0% |
Fundamental Drivers
The 100.8% change in FTI stock from 1/31/2025 to 2/9/2026 was primarily driven by a 36.2% change in the company's P/E Multiple.| (LTM values as of) | 1312025 | 2092026 | Change |
|---|---|---|---|
| Stock Price ($) | 29.87 | 59.97 | 100.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,794 | 9,783 | 11.2% |
| Net Income Margin (%) | 7.6% | 9.7% | 26.7% |
| P/E Multiple | 19.1 | 26.0 | 36.2% |
| Shares Outstanding (Mil) | 428 | 410 | 4.6% |
| Cumulative Contribution | 100.8% |
Market Drivers
1/31/2025 to 2/9/2026| Return | Correlation | |
|---|---|---|
| FTI | 100.8% | |
| Market (SPY) | 16.3% | 61.2% |
| Sector (XLE) | 25.4% | 73.7% |
Fundamental Drivers
The 339.9% change in FTI stock from 1/31/2023 to 2/9/2026 was primarily driven by a 167.1% change in the company's P/S Multiple.| (LTM values as of) | 1312023 | 2092026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.63 | 59.97 | 339.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,529 | 9,783 | 49.8% |
| P/S Multiple | 0.9 | 2.5 | 167.1% |
| Shares Outstanding (Mil) | 450 | 410 | 9.9% |
| Cumulative Contribution | 339.9% |
Market Drivers
1/31/2023 to 2/9/2026| Return | Correlation | |
|---|---|---|
| FTI | 339.9% | |
| Market (SPY) | 77.1% | 45.0% |
| Sector (XLE) | 30.9% | 66.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FTI Return | -37% | 106% | 66% | 45% | 55% | 33% | 540% |
| Peers Return | 25% | 58% | 6% | -6% | 5% | 28% | 167% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| FTI Win Rate | 42% | 75% | 67% | 58% | 75% | 100% | |
| Peers Win Rate | 52% | 62% | 48% | 40% | 63% | 100% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| FTI Max Drawdown | -41% | -5% | -5% | -8% | -20% | 0% | |
| Peers Max Drawdown | -6% | -10% | -20% | -22% | -24% | 0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[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 2/9/2026 (YTD)
How Low Can It Go
| Event | FTI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -56.5% | -25.4% |
| % Gain to Breakeven | 129.9% | 34.1% |
| Time to Breakeven | 366 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -76.9% | -33.9% |
| % Gain to Breakeven | 333.7% | 51.3% |
| Time to Breakeven | 1,317 days | 148 days |
| 2018 Correction | ||
| % Loss | -49.5% | -19.8% |
| % Gain to Breakeven | 98.1% | 24.7% |
| Time to Breakeven | 2,404 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -74.8% | -56.8% |
| % Gain to Breakeven | 297.5% | 131.3% |
| Time to Breakeven | 729 days | 1,480 days |
Compare to SLB, BKR, HAL, NOV, OII
In The Past
TechnipFMC's stock fell -56.5% during the 2022 Inflation Shock from a high on 1/12/2021. A -56.5% loss requires a 129.9% gain to breakeven.
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About TechnipFMC (FTI)
AI Analysis | Feedback
Here are 1-3 brief analogies for TechnipFMC (FTI):
- Think of them as the 'Boeing for deep-sea oil and gas production systems'.
- They are like the 'Caterpillar for deep-sea oil and gas infrastructure and production equipment'.
- They are like the 'General Electric for complex subsea and surface oil and gas production systems'.
AI Analysis | Feedback
- Integrated Subsea Systems (iEPCI™): Provides comprehensive engineering, procurement, construction, and installation services for subsea production systems and infrastructure for offshore energy projects.
- Surface Technologies Equipment & Services: Offers a range of wellhead, completion, and flowline products, along with drilling and production services for onshore and shallow-water operations.
AI Analysis | Feedback
TechnipFMC (FTI) primarily sells its products, systems, and services to other companies, operating on a business-to-business (B2B) model. Their offerings include subsea systems, surface technologies, and energy infrastructure solutions for the oil and gas industry, as well as emerging energy sectors.
While TechnipFMC's public financial filings (such as their 10-K reports) do not typically disclose specific individual customers by name (unless a single customer accounts for 10% or more of total revenue, which is not currently reported), their major customers broadly fall into the following categories:
- International Oil Companies (IOCs): Major global energy companies involved in the full spectrum of upstream (exploration and production), midstream (transportation), and downstream (refining and marketing) activities.
- National Oil Companies (NOCs): State-owned or controlled entities that manage their respective country's oil and gas resources.
- Independent Oil and Gas Companies: Smaller to mid-sized companies primarily focused on exploration and production.
- Other Energy Companies: Entities involved in new energy segments like offshore wind, hydrogen, and carbon capture and storage (CCUS), where TechnipFMC also provides solutions.
Based on TechnipFMC's market position, extensive offerings, and the nature of the energy industry, their major customers are typically the largest global energy companies. While specific names are not disclosed by TechnipFMC as accounting for a significant percentage of revenue, examples of the types of public companies that would constitute their major customer base in the IOC and NOC categories include:
- ExxonMobil (XOM)
- Chevron (CVX)
- Shell plc (SHEL)
- BP plc (BP)
- TotalEnergies SE (TTE)
- Equinor ASA (EQNR)
- Petrobras (PBR)
- ConocoPhillips (COP)
AI Analysis | Feedback
nullAI Analysis | Feedback
```htmlDouglas J. Pferdehirt, Chairman and Chief Executive Officer
Douglas J. Pferdehirt is the Chairman and Chief Executive Officer of TechnipFMC. He previously served as President and Chief Executive Officer of FMC Technologies. Before joining FMC Technologies in 2012, Mr. Pferdehirt spent 26 years at Schlumberger Limited, where he held various executive leadership positions, including Executive Vice President of Corporate Development and Communications, President of Schlumberger’s Reservoir Production Group, Vice President of Investor Relations and Communications, and President of North and South America Schlumberger.
Alf Melin, Executive Vice President and Chief Financial Officer
Alf Melin was appointed Executive Vice President and Chief Financial Officer of TechnipFMC in January 2021. He joined the company in 1995 and has held numerous leadership roles in finance, treasury, and operations. Previously, he was Senior Vice President of Finance Operations, overseeing global finance activities across all segments and directly managing finance operations for the Subsea segment. His past operational roles also include Senior Vice President, Surface Americas, and General Manager, Fluid Control.
Jonathan Landes, President, Subsea
Jonathan Landes serves as the President of TechnipFMC's Subsea business. Prior to this role, he held global responsibility for all Commercial and Front-End Engineering activities for TechnipFMC’s Subsea business. He also served as President North America for TechnipFMC Subsea. Before the 2017 merger that formed TechnipFMC, 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 has 25 years of experience in the energy industry.
Justin Rounce, Executive Vice President and Chief Technology Officer
Justin Rounce is the Executive Vice President and Chief Technology Officer of TechnipFMC, responsible for Research and Innovation, Product Engineering, Procurement and Sourcing, Manufacturing, Quality, Safety, Security, IT, and Digital. He also oversees Corporate Development, Mergers & Acquisitions, and External Technology Engagement. Before joining TechnipFMC, Mr. Rounce spent 31 years at Schlumberger Limited in various executive leadership positions, including Vice President of Software Technologies, Vice President of Mergers and Acquisitions, and Senior Vice President, Marketing and Technology. He also served as Chief Technology Officer for Cameron International prior to its acquisition by Schlumberger.
Cristina Aalders, Executive Vice President, Chief Legal Officer, and Secretary
Cristina Aalders is TechnipFMC's Executive Vice President, Chief Legal Officer, and Secretary. She is responsible for legal, compliance, and facilities management, and holds the position of 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 for the Surface business, and multiple Senior Counsel and Legal Director roles supporting commercial activities and operations for both Subsea and Surface.
```AI Analysis | Feedback
Key Risks to TechnipFMC (FTI)
- Market Volatility and Dependence on the Oil and Gas Industry: TechnipFMC's demand for equipment, systems, and services is highly dependent on the global oil and gas industry's environment and expenditure levels. This industry is subject to significant volatility influenced by global economic conditions, geopolitical events, and fluctuations in commodity prices. Such volatility can lead to project deferrals or cancellations, which directly impacts the company's revenue and earnings.
- Operational Risks and Execution of Complex Projects: The nature of TechnipFMC's business involves complex, large, and long-term projects with inherent operational risks. These risks include the potential for cost overruns, project delays, and technical challenges. The ability to meet customer delivery schedules for its backlog is dependent on various factors, including access to raw materials, an adequately trained workforce, subcontractor performance, and sufficient manufacturing capacity. Failure to deliver in accordance with customer expectations can lead to liquidated damages, reduced margins, or damaged customer relationships.
- Intense Competition: TechnipFMC operates within a highly competitive offshore oilfield services industry, with numerous companies vying for contracts. To secure new projects and maintain market share, the company must continually innovate and maintain cost competitiveness. This competitive landscape can exert pressure on profit margins and necessitate ongoing investment in technology and capabilities.
AI Analysis | Feedback
The acceleration of the global energy transition, characterized by a significant shift in capital investment away from traditional fossil fuel exploration and production towards renewable energy sources (such as offshore wind) and new energy solutions (such as hydrogen and carbon capture and storage). This directly threatens the long-term demand for TechnipFMC's core subsea and surface technologies and services, which are predominantly tied to oil and gas projects, as major energy companies and governments prioritize decarbonization efforts and redirect investment.
AI Analysis | Feedback
TechnipFMC (FTI) operates primarily in two segments: Subsea and Surface Technologies. The addressable markets for their main products and services are sized as follows:
- Subsea Systems: The global subsea system market was valued at approximately USD 19.78 billion in 2023 and is projected to grow to USD 32.3 billion by 2032, with a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast period (2025-2032). Another estimate places the global subsea systems market at USD 21.04 billion in 2025, expected to reach USD 28.13 billion by 2030, with a CAGR of 5.98%. For subsea production and processing systems specifically, the global market size was USD 18.63 billion in 2023 and is anticipated to exceed USD 40.9 billion by 2033, growing at a CAGR of 8.18% from 2023 to 2033.
- Flexible Pipes (within Subsea): The global flexible pipes market size was estimated at USD 1.25 billion in 2023 and is projected to reach USD 1.65 billion by 2030, growing at a CAGR of 4.0% from 2024 to 2030. Another source estimates the global flexible pipe market size at USD 1.26 billion in 2025, projected to climb to USD 1.63 billion by 2030, representing a 5.34% CAGR.
- Pressure Control Equipment (within Surface Technologies): The global pressure control equipment market size was valued at around USD 7.7 billion in 2023 and is estimated to register a CAGR of approximately 4.6% from 2024 to 2032. Another report indicates that the market size is valued at USD 10.1 billion in 2025 and is projected to reach USD 11.27 billion by 2030, advancing at a 6.83% CAGR.
- Offshore Oil and Gas Market (overarching market for Subsea and some Surface operations): The global offshore oil and gas market size was USD 129.88 billion in 2023 and is likely to reach USD 278.20 billion by 2032, expanding at a CAGR of 8.5% during 2024–2032.
- Onshore Oil & Gas Pipeline Market (relevant for Surface Technologies serving onshore markets): The global onshore oil & gas pipeline market size was over USD 68.16 billion in 2025 and is anticipated to cross USD 101.87 billion by 2035, growing at more than a 4.1% CAGR during the forecast period (2026-2035).
AI Analysis | Feedback
TechnipFMC (FTI) is expected to drive future revenue growth over the next 2-3 years through several key areas, primarily centered around its dominant Subsea segment. Here are the anticipated drivers: * Robust Subsea Backlog and New Project Awards: TechnipFMC has a substantial and growing Subsea backlog, providing significant revenue visibility for the coming years. For example, as of September 30, 2025, the Subsea backlog stood at $16.0 billion, with $5.7 billion scheduled for 2026 and $8.6 billion for 2027 and beyond. The company continues to secure major project awards, such as Shell's Gato do Mato project and Equinor's Johan Sverdrup Phase 3, and received multiple flexible pipe contracts from Petrobras. TechnipFMC aims for $30 billion in Subsea orders from 2023 to 2025, with $9.8 billion expected in 2025. * Advancement and Adoption of iEPCI and Subsea 2.0 Technologies: The company's proprietary integrated Engineering, Procurement, Construction, and Installation (iEPCI) solution and configurable Subsea 2.0 architecture are consistently highlighted as fundamental tools driving sustainable change in subsea economics and increasing inbound orders. These technologies have reached record levels of awards and now comprise over 50% of inbound orders, leading to margin expansion. * Growth in Deepwater Developments and Strategic International Expansion: TechnipFMC is strategically positioned to benefit from increased deepwater exploration and production activities, which are projected to dominate the subsea sector, accounting for 45% of the market from 2024 to 2028. The majority of the company's 2025 revenue is expected to be generated outside the U.S. land market, with Latin America, Europe, and North America identified as key revenue contributors in 2024. Notable opportunities are emerging in regions like Suriname, Namibia, Mozambique, and Cyprus. TechnipFMC is expected to supply a significant number of subsea trees for developments in Guyana (for ExxonMobil) and Brazil (for Petrobras) between 2024 and 2029. * Increasing Demand for Subsea Services: Beyond major projects, the growth in TechnipFMC's subsea services segment, which includes drilling systems and production optimization, is a driver. For instance, 2024 Subsea services revenue was $1.65 billion, with projections for growth to $1.8 billion in 2025. The Subsea segment's backlog alone does not capture all revenue potential for Subsea Services, suggesting additional upside.AI Analysis | Feedback
Share Repurchases
- TechnipFMC authorized an initial $400 million share repurchase program in July 2022.
- In October 2024, the company authorized an additional $1 billion for share repurchases, bringing the total authorization to $1.2 billion.
- An additional $2 billion share repurchase authorization was announced in October 2025, increasing the total authorized amount to $2.3 billion, representing nearly 16% of outstanding shares at the time.
Outbound Investments
- TechnipFMC acquired Magma Global, a manufacturer of advanced composite subsea pipes, in October 2021.
- In March 2024, TechnipFMC made a Later Stage VC investment in Floating Power Plant.
Capital Expenditures
- Capital expenditures were $126.2 million in the fourth quarter of 2024.
- For the full year 2024, TechnipFMC's total shareholder distributions, including dividends and share repurchases, were $486 million. The company aims to distribute at least 70% of its free cash flow to shareholders in 2025, representing at least a 30% year-over-year increase in distributions.
- Capital expenditures for the third quarter of 2025 were $77 million.
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Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 42.72 |
| Mkt Cap | 27.0 |
| Rev LTM | 15,983 |
| Op Inc LTM | 2,192 |
| FCF LTM | 1,606 |
| FCF 3Y Avg | 1,485 |
| CFO LTM | 2,408 |
| CFO 3Y Avg | 2,289 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -0.9% |
| Rev Chg 3Y Avg | 9.9% |
| Rev Chg Q | 2.9% |
| QoQ Delta Rev Chg LTM | 0.8% |
| Op Mgn LTM | 13.0% |
| Op Mgn 3Y Avg | 10.7% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 14.1% |
| CFO/Rev 3Y Avg | 12.8% |
| FCF/Rev LTM | 9.6% |
| FCF/Rev 3Y Avg | 8.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 27.0 |
| P/S | 1.7 |
| P/EBIT | 14.7 |
| P/E | 22.6 |
| P/CFO | 12.3 |
| Total Yield | 6.5% |
| Dividend Yield | 1.8% |
| FCF Yield 3Y Avg | 6.9% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 15.5% |
| 3M Rtn | 32.0% |
| 6M Rtn | 59.9% |
| 12M Rtn | 33.0% |
| 3Y Rtn | 25.8% |
| 1M Excs Rtn | 15.6% |
| 3M Excs Rtn | 30.7% |
| 6M Excs Rtn | 49.6% |
| 12M Excs Rtn | 17.5% |
| 3Y Excs Rtn | -32.2% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Subsea | 6,435 | 5,461 | 5,329 | 5,471 | 5,523 |
| Surface Technologies | 1,389 | 1,239 | 1,074 | 1,059 | 1,617 |
| Technip Energies | 6,269 | ||||
| Total | 7,824 | 6,700 | 6,404 | 6,531 | 13,409 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Subsea | 544 | 318 | 141 | -2,816 | -1,448 |
| Surface Technologies | 115 | 58 | 42 | -429 | -656 |
| Technip Energies | 960 | ||||
| Total | 658 | 376 | 183 | -3,245 | -1,144 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Subsea | 6,403 | 6,455 | 6,532 | 6,797 | 10,824 |
| Corporate | 1,820 | 1,655 | 2,068 | 2,129 | 5,999 |
| Surface Technologies | 1,434 | 1,334 | 1,420 | 1,758 | 2,246 |
| Assets from discontinued operations | 9,009 | ||||
| Technip Energies | 4,449 | ||||
| Total | 9,657 | 9,444 | 10,020 | 19,693 | 23,519 |
Price Behavior
| Market Price | $59.97 | |
| Market Cap ($ Bil) | 24.6 | |
| First Trading Date | 06/15/2001 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $49.49 | $39.37 |
| DMA Trend | up | up |
| Distance from DMA | 21.2% | 52.3% |
| 3M | 1YR | |
| Volatility | 27.5% | 40.9% |
| Downside Capture | -20.41 | 75.24 |
| Upside Capture | 160.16 | 131.48 |
| Correlation (SPY) | 32.2% | 61.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.52 | 0.60 | 0.57 | 0.54 | 1.29 | 1.11 |
| Up Beta | 1.36 | 1.50 | 1.05 | 0.94 | 1.21 | 1.14 |
| Down Beta | 0.01 | -0.10 | 0.18 | 0.22 | 1.76 | 1.53 |
| Up Capture | 315% | 197% | 165% | 118% | 150% | 118% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 15 | 25 | 40 | 74 | 143 | 406 |
| Down Capture | -200% | -25% | -22% | -8% | 84% | 87% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 5 | 16 | 21 | 51 | 107 | 337 |
[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 | 96.2% | 40.8% | 1.75 | - |
| Sector ETF (XLE) | 24.2% | 25.2% | 0.82 | 73.5% |
| Equity (SPY) | 15.5% | 19.4% | 0.62 | 61.3% |
| Gold (GLD) | 78.8% | 24.9% | 2.30 | 10.1% |
| Commodities (DBC) | 9.9% | 16.6% | 0.40 | 52.2% |
| Real Estate (VNQ) | 4.8% | 16.5% | 0.11 | 44.6% |
| Bitcoin (BTCUSD) | -27.0% | 44.8% | -0.57 | 23.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FTI | |
|---|---|---|---|---|
| FTI | 41.8% | 45.6% | 0.92 | - |
| Sector ETF (XLE) | 26.3% | 26.5% | 0.88 | 68.6% |
| Equity (SPY) | 14.2% | 17.0% | 0.67 | 38.9% |
| Gold (GLD) | 22.3% | 16.9% | 1.07 | 11.7% |
| Commodities (DBC) | 11.6% | 18.9% | 0.49 | 45.8% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 27.3% |
| Bitcoin (BTCUSD) | 14.7% | 58.0% | 0.47 | 12.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FTI | |
|---|---|---|---|---|
| FTI | 10.2% | 48.4% | 0.39 | - |
| Sector ETF (XLE) | 10.8% | 29.6% | 0.40 | 74.7% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 48.2% |
| Gold (GLD) | 15.8% | 15.5% | 0.85 | 5.7% |
| Commodities (DBC) | 8.3% | 17.6% | 0.39 | 48.8% |
| Real Estate (VNQ) | 6.0% | 20.7% | 0.25 | 37.3% |
| Bitcoin (BTCUSD) | 69.0% | 66.8% | 1.08 | 12.5% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/23/2025 | 9.1% | 9.4% | 16.1% |
| 7/24/2025 | 11.8% | 9.4% | 5.3% |
| 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% |
| 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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 11 | 11 |
| # Negative | 5 | 7 | 7 |
| Median Positive | 6.2% | 9.8% | 16.1% |
| Median Negative | -6.3% | -5.6% | -5.0% |
| Max Positive | 12.0% | 23.1% | 30.9% |
| Max Negative | -8.2% | -25.9% | -52.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 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 |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Pferdehirt, Douglas J | Chair and CEO | Direct | Sell | 9232025 | 38.62 | 632,539 | 24,428,656 | 112,656,625 | Form |
| 2 | Pferdehirt, Douglas J | Chair and CEO | Family Trust | Sell | 9232025 | 38.35 | 80,304 | Form | ||
| 3 | Melin, Alf | EVP & Chief Financial Officer | Direct | Sell | 9232025 | 38.61 | 113,760 | 4,392,411 | 9,310,707 | Form |
| 4 | Conti, Thierry | President, Surface | Direct | Sell | 9232025 | 38.64 | 50,000 | 1,932,000 | 2,177,441 | Form |
| 5 | Zurquiyah, Rousset Sophie | Direct | Sell | 7282025 | 37.12 | 9,381 | 348,223 | 2,337,743 | Form |
FTI Trade Sentinel
Core Investment Debate
Integrated Moat vs. Consolidated Competitor
BULL VIEW
FTI's massive $16.8B backlog, technological lead with Subsea 2.0, and strong customer relationships will ensure continued market share gains and robust free cash flow.
CORE TENSION
Can FTI's iEPCI technology moat withstand the structural threat of a larger, more focused deepwater installation competitor formed by the Saipem/Subsea 7 merger?
PREVAILING SENTIMENT
The backlog of $16.8B (up 14.4% YoY) and consistent book-to-bill ratio >1x demonstrate current business momentum is decisively positive, outweighing the forward-looking merger risk.
BEAR VIEW
The merger creates a dominant installation provider, eroding FTI's integrated advantage, increasing pricing pressure, and jeopardizing future large-scale iEPCI project awards.
| Timeline | Event & Metric To Watch |
|---|---|
Next 6 Months | Regulatory Decision on Saipem/Subsea 7 Merger Watch: Antitrust regulator (e.g., Brazil's CADE) ruling. Watch for approval, approval with remedies, or a block. |
Feb 19, 2026 & Late April 2026 | Q4 2025 & Q1 2026 Earnings Reports Watch: Subsea segment EBITDA margins. A contraction would confirm cost inflation is outpacing pricing power. |
May 4-7, 2026 | Offshore Technology Conference (OTC) Watch: Competitor announcements of significant, fully-integrated subsea project wins using a standardized, lower-cost model. |
Next 6 Months | Major Oil Companies' CapEx Guidance Watch: Formal announcements of 5-year upstream CapEx guidance from customers like Shell, Exxon, Petrobras. |
| Date | Event | Stock Impact |
|---|---|---|
2026-01-06 | Q4 2025 Earnings Date Announced Details: TechnipFMC announced it would release its Q4 and full-year 2025 results on February 19, 2026. The stock reaction was muted on the day of the announcement. | Flat (0.1%) |
2025-12-03 | Major Contract Award Details: FTI announced a significant contract from Petrobras for the Marlim and Voador fields, reinforcing its strong position in the key Brazilian market. Stock reacted positively. | Rose significantly by 3.0% |
2025-10-23 | Q3 2025 Earnings Beat & Buyback Boost Details: FTI reported strong EPS, robust free cash flow, and increased its share repurchase authorization by $2 billion. The positive results and capital return signal drove the stock higher. | Surged +9.1% |
2025-09-18 | Opposes Competitor Merger Details: TechnipFMC, with customers ExxonMobil and Petrobras, formally petitioned Brazil's regulator to oppose the Saipem/Subsea 7 merger, signaling a credible threat. Stock reaction was minimal. | Changed Little (0.03%) |
2025-08-22 | New Energy Contract Win Details: FTI secured a significant contract for the Northern Endurance Partnership's CCS project in the UK, showcasing momentum in its diversification strategy beyond traditional oil and gas. | Rose significantly by 2.3% |
2025-08-01 | ExxonMobil Guyana Contract Announcement Details: Despite announcing a substantial contract for the Hammerhead development in Guyana, the stock pulled back, suggesting the positive news was already priced in after a strong run. | Fell notably by -2.9% |
Position Sizing
7% - 10%
AGGRESSIVE
The stock has moderate, compressing volatility. Fundamentals are strong with a Bullish sentiment, high visibility from a massive backlog, a widening moat, and fair valuation. This 'fat pitch' scenario justifies an aggressive position size.
Diversification Alternatives
OII
INDUSTRYUnlike FTI, Oceaneering has a more resilient, service-based model (ROVs) and a growing, high-margin defense business, providing diversification away from large, cyclical project risk.
NOV
INDUSTRYNOV provides broad exposure to the global energy equipment cycle. This avoids FTI's specific risk related to the competitive dynamics of large-scale integrated subsea projects.
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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