- TechnipFMC (FTI, Financial) reported Q1 2025 revenue of $2.23 billion, a year-over-year increase of 9.4%.
- The company's net income was $142 million, or $0.33 per diluted share.
- Subsea inbound orders reached $2.8 billion, with a book-to-bill ratio of 1.4x.
TechnipFMC plc (FTI) unveiled its financial results for the first quarter of 2025, showing total company revenue of $2.233 billion, a 9.4% increase compared to the same period last year. However, revenue saw a 5.6% sequential decrease from the previous quarter.
The company's net income for the quarter stood at $142 million, translating to $0.33 per diluted share. Adjusted net income was marginally higher at $142.9 million, also equating to $0.33 per diluted share. Adjusted EBITDA was $343.8 million, with a margin of 15.4%, bolstered by robust project executions and improved earnings mix from backlog.
TechnipFMC's total inbound orders for the quarter reached $3.1 billion, driven significantly by the Subsea segment, which contributed $2.8 billion—reflecting a book-to-bill ratio of 1.4x. This marks the eighth time in nine quarters where orders surpassed revenue, underscoring steady demand for integrated services like iEPCI™ and Subsea 2.0®.
Notable project wins include a major iEPCI™ contract by Shell for its Gato do Mato development offshore Brazil and a large contract from Equinor for the Johan Sverdrup Phase 3 project in Norway.
Financially, TechnipFMC maintained a strong position with cash flow from operations at $442 million and free cash flow standing at $380 million. The company's total shareholder distributions were $271 million, which included a $250 million share repurchase initiative.
Looking ahead, the company remains optimistic with a solid backlog of $15.8 billion, 95% of which is anticipated to be generated from activities outside of the U.S. land market. This forecast is backed by the continued strength in the Subsea segment, where opportunities are highlighted by new frontiers including Guyana, Suriname, Namibia, Mozambique, and Cyprus.
