# TechnipFMC plc (FTI)

> Source: Nexqual · https://nexqual.com/FTI · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, TechnipFMC plc (FTI), nexqual.com/FTI" · informational, not investment advice.

**Price:** USD 66.82 (-4.54% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 70 · day 63.95–69.88 · 52w 38.13–80.7 · market cap $26.2B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $10.4B, net income $1.18B (11.3% margin), free cash flow $1.57B (SEC filings).
- Valuation: P/E 22.3x (avg 65.5x at the last 3 fiscal year-ends), EV/EBITDA 12.3x, net cash $590M.
- 2 of 80 tracked superinvestors hold FTI (13F, Q2 2026): 0 new, 0 added, 1 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $1.8M; 4 not under a Rule 10b5-1 plan ($1.4M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $500K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.18 on a 1–5 scale) (22 analysts), mean target USD 76.41 (range 45–89).
- Total return with dividends: 1Y +63.8% vs S&P 500 +14.9%; 5Y +784.9% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0.88, revenue estimate $2.79B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $6.40B | $6.70B | $7.82B | $9.08B | $9.93B | $10.4B |
| Gross profit | — | $907M | $1.28B | $1.72B | — | — |
| Operating income | $183M | $376M | $658M | $1.16B | $1.44B | $1.67B |
| Net income | $13.3M | -$107M | $56.2M | $843M | $964M | $1.18B |
| EPS (diluted) | $0.03 | -$0.24 | $0.12 | $1.91 | $2.30 | — |
| Free cash flow | $590M | $194M | $468M | $679M | $1.45B | $1.57B |
| Gross margin | — | 13.5% | 16.4% | 19.0% | — | — |
| Operating margin | 2.9% | 5.6% | 8.4% | 12.7% | 14.5% | 16.0% |
| Net margin | 0.2% | -1.6% | 0.7% | 9.3% | 9.7% | 11.3% |
| Revenue growth | -1.9% | +4.6% | +16.8% | +16.1% | +9.4% | — |
| Cash + short-term investments | $1.33B | $1.06B | $952M | $1.16B | $1.03B | — |
| Total debt | $2.00B | $1.37B | $1.07B | $885M | $430M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 22.3x · P/S 2.5x · EV/EBITDA 12.3x · EV/Sales 2.5x · P/FCF 16.7x · P/B 8.0x · FCF yield 6.00% · Earnings yield 4.49% · Dividend yield (paid, TTM) 0.31% · Net cash $590M · EV $25.6B
P/E at fiscal year-ends: Dec 2025 19.4x, Dec 2024 15.1x, Dec 2023 162.1x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold FTI. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Bill Miller | Miller Value Partners | 0.05% | $210K | Unchanged |
| Polen Capital | Polen Capital Management | 0.01% | $1.5M | Reduced -35.4% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
1 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-21 | Conti Thierry | President, EMS | 6,000 | $431K | 6.6% | Yes (adopted June 22, 2026) | Too little history (no open-market trades in 2023) |
| 2026-05-19 | Oleary John C G | Director | 6,350 | $462K | 4.6% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-05 | Farley Claire S | Director | 4,500 | $336K | 2.5% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-05 | Priestly Kay G | Director | 6,000 | $448K | 4.5% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-05 | Duffe Luana | EVP, New Energy | 1,870 | $139K | 2.4% | No | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
1 purchase, $500K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-14 | Mullins Eric D. | Director | 6,365 | $500K | 78.55 | Too little history (no open-market trades in 2023–2025) |

## Analysts
Consensus Buy (mean 2.18 on a 1–5 scale), 22 analysts; mean target USD 76.41 (low 45, high 89).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Barclays | Target lowered | Overweight | $87 → $86 |
| 2026-10-13 | UBS | Initiated | Buy | $89 |
| 2026-09-15 | Citigroup | Target raised | Buy | $80 → $85 |
| 2026-07-08 | Susquehanna | Target lowered | Positive | $90 → $85 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +63.8% | +784.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +64.1% | +54.5% |
| Volatility (annualized) | 31.2% | 41.8% |
| Max drawdown | -16.6% (Sep 2026→Oct 2026) | -30.6% (May 2022→Jul 2022) |

## Peers (Oil & Gas Equipment & Services)
HAL (Halliburton Company) USD 33.19 -2.35% · TS (Tenaris S.A.) USD 56.37 -3.92% · BKR (Baker Hughes Company) USD 53.62 -4.25% · SLB (SLB Limited) USD 49.55 -3.03% · SEI (Solaris Energy Infrastructure, ) USD 58.61 -15.51% · NOV (NOV Inc.) USD 18.76 -2.65%

## More
Full page: https://nexqual.com/FTI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in FTI's own 10-K filed 2026-02-19 (https://www.sec.gov/Archives/edgar/data/1681459/000168145926000010/fti-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Saudi Aramco | "Surface Technologies' backlog of $699.9 million as of December 31, 2025, was composed primarily of projects for customers in the Middle East, namely ADNOC and Saudi Aramco." |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Subsea | $2.49B | 90.0% | +12.2% | $486.5M | 19.6% |
| Surface Technologies | $276.2M | 10.0% | -13.3% | $39.0M | 14.1% |
| Total revenue | $2.76B | 100% | — | $525.5M | 19.0% |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Service | $1.78B | 64.3% | +15.8% |
| Product | $987.1M | 35.7% | -1.4% |
| Total revenue | $2.76B | 100% | — |

## Revenue by region (fiscal year ended 2025-12-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Brazil | $2.16B | 21.7% | +26.2% |
| United States | $1.44B | 14.5% | -18.7% |
| Norway | $1.38B | 13.8% | +19.5% |
| United Kingdom | $840.2M | 8.5% | -2.6% |
| All Other Countriesmember | $768.2M | 7.7% | +1.6% |
| Guyana | $748.9M | 7.5% | -5.9% |
| Angola | $535.6M | 5.4% | -35.4% |
| Australia | $390.8M | 3.9% | +11.7% |
| Nigeria | $326.9M | 3.3% | +188.0% |
| Indonesia | $325.7M | 3.3% | +93.0% |
| Israel | $268.0M | 2.7% | +196.8% |
| Mozambique | $216.7M | 2.2% | +121.8% |
| United Arab Emirates | $214.3M | 2.2% | +9.9% |
| Saudi Arabia | $196.1M | 2.0% | +4.2% |
| Suriname | $131.5M | 1.3% | +1677.0% |
| Total revenue | $9.93B | 100% | — |

## Customer concentration

Period ended 2025-12-31: 15.5%, 14% of revenue from unnamed direct customers (10-K, filed 2026-02-19).

## Company outlook (8-K filed 2026-07-30)

- "Financial Guidance 1 The Company's full-year financial guidance for 2026 can be found in the table below."
- "TechnipFMC.com Page 8 of 24 ### About TechnipFMC TechnipFMC is a leading technology provider to the traditional and new energy industries; delivering fully integrated projects, products, and services."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.88 | $0.85 | +3.9% | $2.79B | 14 |
| Next quarter (ends 2026-12-31) | $0.77 | $0.76 | +1.7% | $2.71B | 14 |
| Current fiscal year (ends 2026-12-31) | $3.15 | $2.99 | +5.1% | $10.75B | 17 |
| Next fiscal year (ends 2027-12-31) | $3.63 | $3.55 | +2.3% | $11.43B | 17 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-29): ±9.3%; last 8 reports averaged ±5.2%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 40.9% | ±9.3% |
| 2026-12-18 | 56 | 38.6% | ±12.2% |
| 2027-01-15 | 84 | 38.0% | ±14.5% |
| 2027-03-19 | 147 | 37.4% | ±18.8% |
| 2027-04-16 | 175 | 36.9% | ±20.2% |
| 2027-05-21 | 210 | 37.9% | ±22.6% |
| 2027-08-20 | 301 | 37.9% | ±26.9% |
| 2027-11-19 | 392 | 38.0% | ±30.9% |