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TechnipFMC
(NYSE:FTI)
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Rating:82Outperform
Price Target:
$91.00
â–²(18.57% Upside)
Action:Reiterated
Date:08/18/26
The score is driven primarily by strong financial performance (higher margins, robust free cash flow, and materially lower leverage) and a very constructive earnings call with raised outlook and strong Subsea orders/inbound momentum. Technicals support the uptrend but show signs of being extended (high RSI/Stoch). Valuation is a mild headwind given a 26.83 P/E and low dividend yield.
Positive Factors
Subsea demand and backlog
Strong Subsea awards, a record opportunity list, and book-to-bill above one support forward revenue visibility. Earlier customer collaboration and integrated project solutions may deepen TechnipFMC’s position in large offshore developments.
Negative Factors
Cyclical earnings history
The turnaround remains exposed to offshore capital-spending cycles, customer economics, and energy investment decisions. Earlier losses show that strong current margins may not be fully durable if project awards or field-development activity weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Subsea demand and backlog
Strong Subsea awards, a record opportunity list, and book-to-bill above one support forward revenue visibility. Earlier customer collaboration and integrated project solutions may deepen TechnipFMC’s position in large offshore developments.
Read all positive factors
TechnipFMC (FTI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$31.30B
Dividend Yield0.26%
Average Volume (3M)4.18M
Price to Earnings (P/E)27.2
Beta (1Y)0.85
Revenue Growth8.77%
EPS Growth35.66%
CountryUS
Employees22,000
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)2.93
Shares Outstanding392,164,400
10 Day Avg. Volume2,844,473
30 Day Avg. Volume4,184,197
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$78.80Price Target Upside2.67% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)3.08
Revenue Forecast (FY)$10.70B
TechnipFMC Business Overview & Revenue Model
Company Description
TechnipFMC plc is a global technology and services provider primarily focused on the energy industry, operating across Europe, Central Asia, North and Latin America, the Asia Pacific, Africa, and the Middle East. The company's Subsea division deli...
How the Company Makes Money
TechnipFMC makes money by selling equipment, engineering services, and project execution services to energy producers, with most revenue tied to offshore and subsea field development activity. A major revenue stream comes from its Subsea business,...
TechnipFMC Earnings Call Summary
Earnings Call Date:Jul 30, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 22, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational execution and financial results led by Subsea: sequential revenue and margin improvement, robust inbound orders and a record opportunity pipeline, increased full-year adjusted EBITDA guidance, healthy free cash flow and substantial shareholder returns. Headwinds are present but limited in scale — primarily a modest revenue decline in Surface Technologies tied to regional disruptions, some timing uncertainty on 'sticky' projects, and standard competitive pressures. Management emphasized structural initiatives (iEPCI 2.0) and earlier client engagement that support sustained improvement beyond 2026.Positive Updates
Strong Q2 Financial Performance
Total company revenue of $2.8 billion; adjusted EBITDA of $601 million (excluding a $19 million foreign exchange loss) with an implied company margin of ~21.8% excluding FX; generated free cash flow of $488 million; cash and cash equivalents $992 million and net cash position $590 million.
Negative Updates
Surface Technologies Revenue Decline and Guidance Pressure
Surface Technologies revenue declined 3% sequentially to $276 million driven by reduced activity in the Middle East (conflict-related) and lower North America activity; management now expects Surface revenue closer to the low end of its full-year guidance range.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Q2 Financial Performance
Total company revenue of $2.8 billion; adjusted EBITDA of $601 million (excluding a $19 million foreign exchange loss) with an implied company margin of ~21.8% excluding FX; generated free cash flow of $488 million; cash and cash equivalents $992 million and net cash position $590 million.
Read all positive updates
Company Guidance
TechnipFMC raised its full‑year outlook, now targeting approximately $2.19 billion of total company adjusted EBITDA (ex‑FX) and full‑year free cash flow tracking toward $1.45 billion (high end), and reiterated a $10 billion Subsea inbound target for 2026 with a step‑up in orders expected in 2027 and beyond; in Q2 the company reported total revenue of $2.8 billion and adjusted EBITDA of $601 million (excluding a $19 million FX loss), Subsea revenue of $2.5 billion (up 13% sequentially) with Subsea adjusted EBITDA $577 million and a 23.2% margin, Surface Technologies revenue $276 million and adjusted EBITDA $50 million (18.1% margin), inbound in the quarter was $2.7 billion (including $2.5 billion of Subsea orders and four announced awards) with book‑to‑bill above 1, Q2 free cash flow was $488 million (cash from ops $548 million, capex $60 million), cash and cash equivalents $992 million (net cash $590 million), corporate expense guidance ~ $120 million, and shareholder returns of $440 million in Q2 ($420 million repurchases + $20 million dividends; $725 million YTD, ~95% of FCF).TechnipFMC Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
82
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.42B | 9.93B | 9.08B | 7.83B | 6.70B | 6.40B |
| Gross Profit | 2.39B | 2.18B | 1.71B | 1.34B | 896.30M | 823.90M |
| EBITDA | 1.99B | 1.79B | 1.41B | 964.00M | 584.80M | 740.80M |
| Net Income | 1.18B | 963.90M | 842.90M | 22.90M | -107.20M | 13.30M |
Balance Sheet | ||||||
| Total Assets | 10.37B | 10.12B | 9.87B | 9.66B | 9.44B | 10.02B |
| Cash, Cash Equivalents and Short-Term Investments | 991.80M | 1.04B | 1.17B | 962.10M | 1.06B | 1.64B |
| Total Debt | 1.24B | 2.02B | 1.79B | 1.97B | 2.29B | 2.83B |
| Total Liabilities | 7.09B | 6.71B | 6.73B | 6.48B | 6.17B | 6.60B |
| Stockholders Equity | 3.27B | 3.36B | 3.09B | 3.14B | 3.24B | 3.40B |
Cash Flow | ||||||
| Free Cash Flow | 1.57B | 1.45B | 679.40M | 451.10M | 194.20M | 589.60M |
| Operating Cash Flow | 1.86B | 1.76B | 961.00M | 676.30M | 352.10M | 781.30M |
| Investing Cash Flow | -267.80M | -298.30M | -75.80M | -125.60M | 162.20M | 768.70M |
| Financing Cash Flow | -1.55B | -1.62B | -648.00M | -639.80M | -796.70M | -5.02B |
TechnipFMC Technical Analysis
Positive
76.75
Price Trends
70.78
Positive
71.26
Positive
62.05
Positive
Market Momentum
1.87
Negative
63.61
Neutral
90.71
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FTI, the sentiment is Positive. The current price of 76.75 is above the 20-day moving average (MA) of 73.63, above the 50-day MA of 70.78, and above the 200-day MA of 62.05, indicating a bullish trend. The MACD of 1.87 indicates Negative momentum. The RSI at 63.61 is Neutral, neither overbought nor oversold. The STOCH value of 90.71 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FTI.
TechnipFMC Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $31.30B | 27.24 | 35.29% | 0.26% | 8.77% | 35.66% | |
74 Outperform | $28.49B | 14.22 | 11.22% | 3.16% | 1.96% | 1.43% | |
69 Neutral | $64.42B | 20.67 | 16.25% | 1.61% | 0.42% | 1.75% | |
68 Neutral | $79.94B | 25.64 | 11.84% | 2.21% | 2.34% | -29.38% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | $28.93B | 18.17 | 15.08% | 2.04% | 0.63% | -10.50% | |
58 Neutral | $7.70B | 81.29 | 1.53% | 2.02% | -1.63% | -78.44% |
* Energy Sector Average
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TechnipFMC Corporate Events
Executive/Board Changes
TechnipFMC Adds Eric Mullins to Board of Directors
Positive
Jun 1, 2026
On June 1, 2026, TechnipFMC appointed Eric D. Mullins, Chairman and Chief Executive Officer of Lime Rock Resources, to its Board of Directors and its Audit Committee, expanding the Board from nine to ten members. Mullins will receive director comp...
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.