TechnipFMC plc (FTI)
NYSE · Energy · analysed November 9, 2026
TechnipFMC plc is a global energy technology provider formed in 2017 through the merger of FMC Technologies and Technip. The company's core business involves designing, manufacturing, and installing complex infrastructure for offshore and onshore energy production, operating primarily through its Subsea and Surface Technologies segments. Currently, TechnipFMC is focused on expanding its standardized, configure-to-order Subsea 2.0 product platform, scaling its integrated Engineering, Procurement, Construction, and Installation (iEPCI) execution model, and advancing energy transition initiatives such as greenhouse gas removal and offshore floating renewables.
Executive summary
TechnipFMC has established a formidable operational position across offshore deepwater infrastructure, driven by its standardized Subsea 2.0 product architecture and integrated engineering, procurement, construction, and installation model. The company generates record subsea segment EBITDA margins of 23.5%, holds a net cash balance sheet with $645 million in excess cash, and projects over $14.5 billion in subsea inbound orders across the five quarters ending 20272,7. Although the business carries standing exposure to offshore upstream capital spending cycles, its non-tendered direct award dominance and multi-decade customer partnerships provide durable competitive insulation.
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Key figures
- Market cap
- $26B
- P/E, trailing
- 21.0
- P/E, next 12 months
- 15.8
- Revenue growth, fiscal year to Dec 2025
- 9.3%
- Net margin, fiscal year to Dec 2025
- 9.7%
Market cap and P/E as found on November 9, 2026.