FTI TechnipFMC plc

Overview and Growth

TechnipFMC plc generated $9.93B of revenue in fiscal 2025, with net income of $963.90M and an operating cash inflow of $1.76B. At $9.93B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 9.4% above fiscal 2024 revenue of $9.08B, marking a year-over-year increase. On a per-share basis, diluted EPS was $2.30, which connects the reported earnings outcome with the company’s diluted share count. Diluted EPS increased by 20.4% from $1.91 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. Asset turnover was 0.98x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The reported operating result was $1.44B, capturing profitability after direct costs and the operating expenses reflected in the statements. Operating margin measured 14.5%, showing the portion of revenue preserved after the full set of operating costs. The bottom-line result was net income of $963.90M, after the operating, financing, tax, and other items recognized for the period. Measured against reported revenue, net income produced a 9.7% margin after operating costs and the remaining recognized items. Before income taxes, the company reported $1.27B of earnings, providing a bridge between the operating result and final net income. Measured against revenue, pretax income equaled 12.8%, adding a pre-tax profitability layer between revenue and net income. The reported income-tax provision was $302.90M, the amount recognized between pretax income and the final net-income result. Relative to pretax income, the tax provision measured 23.9%, quantifying the portion of pre-tax earnings paid in income tax. The relationship between net income and period-end equity was 28.3%, indicating the profitability achieved on book capital.

Liquidity and Capital Structure

The company held $10.12B of assets against $6.71B of liabilities and $3.41B of equity, revealing how the asset base was financed. The near-term balance sheet paired $5.55B of current assets with $4.91B of current liabilities at the reporting date. At 1.13x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $1.03B, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 21.0% of current liabilities, showing how much near-term coverage came from cash alone. Borrowings totaled $430.00M, adding a fixed financing obligation alongside the company’s equity capital. Against book equity, debt measured 0.13x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 4.2%, comparing borrowing with the total asset balance. Relative to total assets, liabilities measured 66.3%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 10.2%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $9.87B in fiscal 2024, the current asset base moved 2.5% and finished higher.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $1.76B, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. The operating-cash-flow-to-net-income relationship was 1.83x, comparing cash generated by operations with the bottom-line earnings result. The cash-flow statement records $317.20M of capital expenditures, the investment amount considered after operating cash generation. Capital spending absorbed 18.0% of operating cash flow, quantifying the share of cash from operations directed to investment. The combination of operating cash flow and capital spending produced $1.45B of positive free cash flow for the period. Free cash flow represented 14.6% of revenue, linking post-investment cash generation with the company’s operating scale. Measured against total assets, free cash flow represented 14.3%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.