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Mar 31
TechnipFMC Q1 2025 Earnings Report
TechnipFMC reported strong financial performance in Q1 2025, led by robust subsea orders and solid free cash flow generation.
Key Takeaways
TechnipFMC delivered a solid Q1 2025 with $2.23 billion in revenue and $142 million in net income. Subsea orders remained a key growth engine, driving a backlog increase. Free cash flow reached $380 million, aided by strong execution and working capital improvements.
TechnipFMC
TechnipFMC
TechnipFMC Revenue by Segment
Forward Guidance
TechnipFMC reaffirmed its 2025 full-year guidance, with expectations for over $10 billion in subsea inbound orders and adjusted EBITDA margins of 19–20%.
Positive Outlook
- Full-year subsea inbound orders guidance remains unchanged above $10B.
- Free cash flow guidance raised to $1.0–1.15B from previous $850M–1.0B.
- Strong backlog of $15.8B supports long-term visibility.
- High international revenue exposure (~95%) reduces risk from U.S. market fluctuations.
- Positive momentum in iEPCIâ„¢ projects and strategic alliances.
Challenges Ahead
- Foreign exchange losses impacted net income by $8.1M after tax.
- Seasonal offshore activity reduction affected subsea services performance.
- Surface Technologies revenue declined 6.9% sequentially.
- Operating profit in Surface Technologies down 17.3% QoQ.
- Tariff impacts could reduce adjusted EBITDA by up to $20M in 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income