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Sep 30
TechnipFMC Q3 2025 Earnings Report
TechnipFMC reported higher revenue and profitability, driven by strong Subsea activity and solid free cash flow generation.
Key Takeaways
TechnipFMC delivered a strong third quarter with revenue growth of 12.7% year over year and continued operational momentum in Subsea. Adjusted EBITDA rose significantly, while net income and adjusted earnings per share both improved, reflecting strong execution and disciplined cost control. Free cash flow generation remained robust, and the company expanded its share repurchase authorization, underscoring confidence in its long-term outlook.
Total company revenue reached $2.65 billion, up 12.7% year over year.
Adjusted EBITDA was $518.9 million with a 19.6% margin.
Net income was $309.7 million, or $0.75 per diluted share.
Free cash flow was $447.8 million, and cash and equivalents ended at $876.6 million.
TechnipFMC
TechnipFMC
TechnipFMC Revenue by Segment
Revenue by Segment
Subsea Revenue
CapyFin.comSurface Technologies Revenue
CapyFin.com Forward Guidance
TechnipFMC raised its full-year 2025 outlook, increasing free cash flow and Surface Technologies margin guidance, and introduced 2026 Subsea guidance reflecting further growth expectations.
Positive Outlook
- Raised 2025 free cash flow guidance to $1.3–1.45 billion.
- Improved Surface Technologies adjusted EBITDA margin outlook to 16–16.5%.
- Subsea 2025 revenue expected at $8.4–8.8 billion.
- Introduced 2026 Subsea revenue guidance of $9.1–9.5 billion.
- Strong order momentum expected to exceed $10 billion Subsea inbound for 2025.
Challenges Ahead
- Foreign exchange losses impacted Q3 results by $12.5 million.
- Reduced project activity in Norway tempered Subsea growth.
- Surface Technologies backlog declined 19.8% year over year.
- Inbound orders fell 4.9% from the prior year period.
- Some restructuring and impairment expenses affected Surface Technologies results.