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TechnipFMC (TechnipFMC) COGS-to-Revenue : 0.92 (As of Mar. 2024)


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What is TechnipFMC COGS-to-Revenue?

TechnipFMC's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,883 Mil. Its Revenue for the three months ended in Mar. 2024 was $2,042 Mil.

TechnipFMC's COGS to Revenue for the three months ended in Mar. 2024 was 0.92.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. TechnipFMC's Gross Margin % for the three months ended in Mar. 2024 was 7.79%.

TechnipFMC COGS-to-Revenue Historical Data

The historical data trend for TechnipFMC's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

TechnipFMC COGS-to-Revenue Chart

TechnipFMC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.85 0.89 0.87 0.87 0.84

TechnipFMC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
COGS-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.87 0.83 0.82 0.83 0.92

TechnipFMC COGS-to-Revenue Calculation

TechnipFMC's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=6550.1 / 7824.2
=0.84

TechnipFMC's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=1883 / 2042
=0.92

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

TechnipFMC  (NYSE:FTI) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

TechnipFMC's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %=1 - COGS to Revenue
=1 - Cost of Goods Sold / Revenue
=1 - 1883 / 2042
=7.79 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

TechnipFMC COGS-to-Revenue Related Terms

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TechnipFMC (TechnipFMC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TechnipFMC PLC (NYSE:FTI) » Definitions » COGS-to-Revenue
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Traded in Other Exchanges
1T1:Germany 1T1:Germany T1EC34:Brazil FTI:Austria
Address
13460 Lockwood Road, Houston, TX, USA, 77044
Website
https://www.technipfmc.com
TechnipFMC is the largest pure-play offshore service provider, offering integrated deep-water offshore oil and gas development solutions that span the full spectrum of subsea equipment and subsea engineering and construction services. The company also provides various surface equipment used with onshore oil and gas wells. TechnipFMC originated with the 2017 merger of predecessor companies Technip and FMC Technologies.
Executives
Cristina Aalders officer: EVP, Chief Legal Officer & Sec ONE SUBSEA LANE, HOUSTON TX 77044
De Carvalho Filho Eleazar director HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL
Robert G Gwin director 1201 LAKE ROBBINS DR, THE WOODLANDS TX 77380
Jonathan Landes officer: President Subsea ONE SUBSEA LANE, HOUSTON TX 77044
Thierry Conti officer: President, Surface ONE SUBSEA LANE, HOUSTON TX 77044
Luana Duffe officer: EVP, New Energy Ventures ONE SUBSEA LANE, HOUSTON TX 77044
Nisha P. Rai officer: EVP, People & Culture ONE SUBSEA LANE, HOUSTON TX 77044
Rousset Sophie Zurquiyah director C/O TECHNIPFMC PLC, HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL
Alf Melin officer: EVP & Chief Financial Officer ONE SUBSEA LANE, HOUSTON TX 77044
Victoria Lazar officer: EVP, General Counsel & Sec ONE SUBSEA LANE, HOUSTON TX 77044
Margareth Oevrum director FMC CORPORATION, 2929 WALNUT STREET, PHILADELPHIA PA 19104
Oleary John C G director C/O TECHNIPFMC PLC, HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL
Olivier Piou director ONE ST. PAUL'S CHURCHYARD, LONDON X0 EC4M 8AP
Maryann T. Mannen officer: EVP & Chief Financial Officer C/O MARATHON PETROLEUM CORPORATION, 539 SOUTH MAIN ST, FINDLAY OH 45840
Catherine Macgregor officer: President Onshore/Offshore 6 ALLEE DE LARCHE FAUBOURG DE LARCHE, ZAC DANTON, COURBEVOIE I0 92400