Subsea order inflows and backlog growth - particularly large integrated projects from Petrobras, TotalEnergies, Equinor, Shell in deepwater basins
Offshore final investment decisions (FIDs) by major operators - directly drives 12-18 month forward order visibility
Brent crude oil price trajectory - sustained $70+ Brent typically required for deepwater project economics to justify FIDs
Subsea margins and execution performance - ability to deliver projects on-time/on-budget drives profitability and future awards
high - Revenue is highly correlated to global offshore oil and gas capital expenditure, which lags oil prices by 12-24 months. Offshore capex is discretionary and gets cut aggressively in downturns (2015-2017, 2020). Deepwater projects require $50-60+ Brent breakevens, making FID decisions sensitive to sustained price levels and operator confidence in long-term demand. Industrial production in key markets (Europe, Asia) affects surface technologies demand tied to onshore drilling and production activity.
moderate - Higher interest rates increase the discount rates operators use for long-cycle deepwater project economics, potentially delaying FIDs or reducing project returns. However, most major customers (supermajors, NOCs) have strong balance sheets and access to capital. TechnipFMC's own financing costs are modest given low leverage (0.35x D/E), but higher rates can pressure valuation multiples for capital-intensive equipment businesses. Working capital financing for large projects becomes more expensive in high-rate environments.
Energy transition and declining long-term offshore investment - accelerated shift to renewables could reduce deepwater oil development, particularly post-2030 as majors reallocate capital to low-carbon projects
Technological disruption from standardized subsea systems - industry push toward standardization and modularization could commoditize equipment and compress margins on traditional engineered-to-order systems
Offshore-to-onshore shift in oil investment - continued US shale productivity and short-cycle economics may divert capital from offshore, particularly if breakevens remain below $50 Brent
value/cyclical - The stock attracts investors seeking exposure to offshore oil recovery and energy capex cycles. Strong recent performance (96% 1-year return) reflects cyclical upturn in offshore activity and improved profitability. High ROE (30.5%) and improving cash generation appeal to value investors, while 3,581% net income growth (off depressed base) attracts momentum players. The 2.7% FCF yield and project-based business model suit investors comfortable with cyclical volatility and multi-year investment horizons tied to offshore development cycles.
Trend
+1.2% vs SMA 50 · +38.7% vs SMA 200
Momentum
Distribution pattern detected. More selling days than accumulation over the past 20 sessions. Not a conducive environment for a squeeze.
Based on volume distribution analysis. Direct short interest data (short float %, days to cover) is not available in current data sources.
ANALYST ESTIMATES
Analyst consensus estimates · Actuals replace estimates as reported
| Year | Revenue Est. | Rev Gth | EPS Est. | EPS Gth | Range | Analysts |
|---|---|---|---|---|---|---|
FY2025 | $10.0B $9.9B–$10.0B | — | $2.28 | — | ±2% | High18 |
FY2026(current) | $10.7B $10.6B–$10.7B | ▲ +7.1% | $2.95 | ▲ +29.8% | ±10% | High17 |
FY2027 | $11.4B $11.1B–$12.5B | ▲ +7.2% | $3.52 | ▲ +19.3% | ±20% | High18 |
Dividend per payment — last 8 periods
INSTITUTIONAL OWNERSHIP
FTI News
About
technipfmc is a global leader in subsea, onshore/offshore and surface projects. with our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our clients’ project economics. we are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our clients in developing their oil and gas resources. each of our employees is driven by a steady commitment to clients and a culture of purposeful innovation. they challenge the conventions of the energy industry and rethink how the best results are achieved. to learn more about us and how we are enhancing the performance of the world’s energy industry, go to technipfmc.com.
| Symbol | Price | Day % | Mkt Cap↓ | P/E | Rev Grw | Margin | ELO |
|---|---|---|---|---|---|---|---|
FTI◀ | $71.28 | -2.37% | $28.4B | 26.3 | +937.4% | 970.4% | 1500 |
| $404.35 | -3.20% | $2.1T | 30.5 | +3296.8% | 4510.0% | 1500 | |
| $132.58 | -6.05% | $307.9B | 20.7 | -44.8% | 1012.0% | 1500 | |
| $88.38 | -2.58% | $303.7B | 13.6 | +318.8% | 1510.7% | 1500 | |
| $148.08 | -1.13% | $282.6B | 21.0 | +597.3% | 2564.4% | 1500 | |
| $181.58 | -1.83% | $281.6B | 26.9 | +862.9% | 1745.9% | 1500 | |
| $183.40 | -0.23% | $256.1B | 16.8 | +213.3% | 1482.4% | 1500 | |
| Sector avg | — | -2.48% | — | 22.3 | +883.1% | 1970.8% | 1500 |