TechnipFMC (FTI) financial statements
TechnipFMC reported revenue of $9.9B in fiscal 2025, up 0.9% a year over 9 years.
Net income was $964M and the operating margin 14.5%, against -0.0% in 2016.
Free cash flow was $1.4B, and the company returned $82M in dividends.
The diluted share count rose 235% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TechnipFMC's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.2B | $15.1B | $12.6B | $7.0B | $6.5B | $6.4B | $6.7B | $7.8B | $9.1B | $9.9B |
| Cost of revenue | $0 | $2.4B | — | — | — | — | $5.8B | $6.5B | $7.4B | — |
| Gross profit | $9.2B | $12.7B | — | — | — | — | — | — | — | — |
| Research and development | $105M | $213M | $189M | $150M | $75M | $78M | $67M | $69M | $73M | $83M |
| Selling, general and admin | $573M | $1.1B | $1.1B | $796M | $724M | $645M | $617M | $676M | $667M | $705M |
| Operating income | -$11,900 | $1.4B | -$533M | -$2.1B | -$3.2B | $183M | $376M | $658M | $1.2B | $1.4B |
| Interest expense | $114M | $456M | $482M | $135M | $134M | $157M | $139M | $122M | $97M | $81M |
| Pre-tax income | $551M | $680M | -$1.5B | -$2.6B | -$3.5B | $198M | $69M | $207M | $940M | $1.3B |
| Income tax | $180M | $546M | $423M | $79M | $19M | $111M | $105M | $155M | $85M | $303M |
| Net income | $393M | $113M | -$1.9B | -$2.4B | -$3.3B | $13M | -$107M | $56M | $843M | $964M |
| EPS (diluted) | $3.16 | $0.24 | -$4.20 | -$5.39 | -$7.33 | $0.03 | -$0.24 | $0.12 | $1.91 | $2.30 |
| Diluted shares | 125M | 448M | 458M | 448M | 449M | 455M | 450M | 452M | 440M | 420M |
| Gross margin | 100.0% | 84.0% | — | — | — | — | — | — | — | — |
| Operating margin | -0.0% | 9.0% | -4.2% | -30.3% | -49.7% | 2.9% | 5.6% | 8.4% | 12.7% | 14.5% |
| Net margin | 4.3% | 0.8% | -15.3% | -34.8% | -50.3% | 0.2% | -1.6% | 0.7% | 9.3% | 9.7% |
Balance sheet
Fiscal years, from TechnipFMC's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $6.3B | $6.7B | $5.5B | $1.6B | $1.3B | $1.3B | $1.1B | $952M | $1.2B | $1.0B |
| Receivables | $1.5B | $1.5B | $2.5B | $2.3B | — | — | — | — | — | — |
| Inventory | $335M | $987M | $1.3B | $1.4B | $1.3B | $1.0B | $1.0B | $1.1B | $1.1B | $1.2B |
| Total current assets | $10.9B | $13.0B | $11.8B | $11.9B | $11.4B | $5.3B | $5.0B | $5.2B | $5.5B | $5.5B |
| Property, plant and equipment | $2.6B | $3.9B | $3.3B | $3.2B | $2.8B | $2.6B | $2.4B | $2.3B | $2.1B | $2.3B |
| Goodwill | $3.7B | $8.9B | $7.6B | $5.6B | $2.5B | — | — | — | — | — |
| Total assets | $18.7B | $28.3B | $24.8B | $23.5B | $19.7B | $10.0B | $9.4B | $9.7B | $9.9B | $10.1B |
| Total current liabilities | $10.9B | $9.8B | $9.1B | $10.1B | $10.4B | $3.9B | $4.2B | $4.5B | $4.9B | $4.9B |
| Long-term debt | $1.9B | $3.8B | $4.1B | $4.0B | $2.8B | $1.7B | $999M | $914M | $607M | $396M |
| Total liabilities | $13.7B | $14.9B | $14.4B | $15.8B | $15.4B | $6.6B | $6.2B | $6.5B | $6.7B | $6.7B |
| Shareholders' equity | $5.1B | $13.4B | $10.4B | $7.7B | $4.2B | $3.4B | $3.2B | $3.1B | $3.1B | $3.4B |
| Net debt | -$3.7B | -$2.9B | -$1.3B | $2.9B | $2.2B | $678M | $310M | $116M | -$272M | -$602M |
Cash flow
Fiscal years, from TechnipFMC's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $494M | $211M | -$185M | $848M | $657M | $781M | $352M | $693M | $961M | $1.8B |
| Capital spending | $313M | $256M | $368M | $413M | $256M | $192M | $158M | $225M | $282M | $317M |
| Free cash flow | $181M | -$45M | -$554M | $436M | $401M | $590M | $194M | $468M | $679M | $1.4B |
| Stock-based compensation | $22M | $49M | $49M | $44M | $38M | $27M | $40M | $41M | $58M | $62M |
| Dividends paid | $112M | $61M | $238M | $233M | $59M | $0 | $0 | $44M | $86M | $82M |
| Share buybacks (net) | -$187M | -$58M | -$443M | -$93M | $0 | $0 | — | — | — | — |
| Net borrowing | -$247M | -$627M | $497M | $210M | -$542M | -$1.3B | -$391M | $0 | $0 | — |
| Free cash flow margin | 2.0% | -0.3% | -4.4% | 6.3% | 6.1% | 9.2% | 2.9% | 6.0% | 7.5% | 14.6% |
| Dividends per share | $0.89 | $0.14 | $0.52 | $0.52 | $0.13 | — | — | $0.10 | $0.20 | $0.20 |
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Open FTI in InvestinglyQuestions
What was TechnipFMC's revenue in 2025?
$9.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does TechnipFMC generate?
$1.4B in fiscal 2025 (operating cash flow minus capital spending).
From TechnipFMC's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.