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Jun 30
TechnipFMC Q2 2025 Earnings Report
TechnipFMC reported strong Q2 2025 results with higher revenue, record subsea inbound orders, and improved margins.
Key Takeaways
TechnipFMC delivered $2.53 billion in revenue for Q2 2025, supported by strong subsea execution and robust offshore activity. Adjusted EBITDA rose to $520.8 million with a 20.5% margin, while net income increased to $269.5 million. The company maintained strong inbound orders and a growing backlog.
Revenue grew to $2.53 billion, up 9% year-over-year.
Net income increased to $269.5 million, with adjusted diluted EPS of $0.68.
Subsea revenue rose to $2.22 billion with 21.8% adjusted EBITDA margin.
Backlog increased to $16.6 billion, driven by $2.6 billion in subsea inbound orders.
TechnipFMC
TechnipFMC
TechnipFMC Revenue by Segment
Revenue by Segment
Subsea Revenue
CapyFin.comSurface Technologies Revenue
CapyFin.com Forward Guidance
TechnipFMC maintained its 2025 guidance, expecting strong offshore market momentum and robust subsea demand to continue driving growth.
Positive Outlook
- Subsea inbound orders expected to reach $30 billion three-year target by year-end.
- Strong offshore project pipeline with multiple awards across basins.
- Healthy backlog provides revenue visibility for the next 24 months.
- Continued iEPCI™ adoption by major customers enhances project economics.
- Robust free cash flow generation supports shareholder returns.
Challenges Ahead
- Surface Technologies backlog declined to $835.9 million.
- Inbound orders decreased 8.4% sequentially.
- Higher restructuring and transformation charges impacted Surface Technologies operating profit.
- Foreign exchange volatility impacted net income and backlog valuations.
- North America Surface Technologies activity remained soft.