Feed / FTI

TechnipFMC plc

FTI

Energy · 76.34 +1.0% today

Partial group confirmationMarket checked 11 Sept, 15:55 GMT-4

Market read

TechnipFMC plc's move is spreading beyond its market group.

FTI accounts for 2.4% of the group's measured movement across 7.2 effective names. raw member direction is mixed; 7 of 12 session-normalized paths align to the downside. Capital-flow agreement is 9%, so confirmation is not yet clean. No verified headline preceded the measured group move.

MOVE ANATOMY

Is this move genuinely shared?

Session-normalized 5m paths
Role in the moveCounter-move#11 of 12 by movement share
Group movement share2.4%Absolute path energy—not portfolio weight
Relative path+0.33%counter
Effective breadth7.2 / 12broad
Relative alignment7/12downside path · 5 counter-moving
Capital-flow agreement9%not yet clean
SEQUENCE READ

No material onset for FTI could be timestamped inside the aligned 5-minute window.

What changed
  • Revenue increased 11.6% versus the comparable filing period.
EVIDENCE COVERAGE

5 of 14 members in Oil & Gas are active. 0 of 8 disclosed connections are confirming.

What would change this read
  • At least 10 of 14 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • CRL remains aligned with the group in the next market snapshot.

Invalidation: The live read weakens if participation falls to 4 of 14 members or fewer.

Watch this read

Research brief

The story so far

Energy · Oil & Gas Equipment & Services

FTI accounts for 2.4% of the group's measured movement across 7.2 effective names. raw member direction is mixed; 7 of 12 session-normalized paths align to the downside. Capital-flow agreement is 9%, so confirmation is not yet clean. No verified headline preceded the measured group move.

Evidence that supports
  • Revenue increased 11.6% versus the comparable filing period.
  • Operating margin improved 3.0 percentage points.
  • Net income increased 83.5% versus the comparable filing period.
Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • At least 10 of 14 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • CRL remains aligned with the group in the next market snapshot.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements163
Verified relationships12
Evidence supporting the case
  • Latest annual revenue changed +9.4% year over year.
  • Operating margin changed +1.7 percentage points in the latest annual period.
  • Operating cash flow covered net income at 1.83x in the latest annual period.
  • Demand and volume has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Capital investment and capacity has repeated adverse evidence across 4 filings.
  • Credit and interest rates has repeated adverse evidence across 4 filings.
Questions before a position
  • EV/sales is 94% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

76.34
6m+22.1%12m+86.7%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$6.4B-1.9%$0.03+1.3%
2022-12-31$6.7B+4.6%$-0.24-1.1%
2023-12-31$7.8B+16.8%$0.12+0.6%
2024-12-31$9.1B+16.1%$1.91-2.6%
2025-12-31$9.9B+9.4%$2.30-4.7%

What management says matters

Persistent and emerging business drivers

Capital investment and capacitynegative · 4 filings
The decrease of $4.6 million in cash used by investing activities was primarily driven by a $6.2 million reduction in capital expenditures in the three months ended March 31, 2026 compared to the same period in 2025.
10-Q · Apr 30, 2026
Credit and interest ratesnegative · 4 filings
Net Interest Expense Net interest expense of $6.0 million decreased by $3.9 million in the three months ended March 31, 2026, compared to the same period in 2025, primarily due to the reduction in outstanding debt year-over-year.
10-Q · Apr 30, 2026
Demand and volumepositive · 4 filings
Subsea revenue increased by $272.2 million during the three months ended March 31, 2026, compared to the same period in 2025, driven by increased backlog during 2025 related to higher energy demand and upstream spending, further aided by our unique commercial…
10-Q · Apr 30, 2026
Restructuring and cost reductionsmixed · 3 filings
The decline was mainly due to the $75.2 million gain on the sale of MSB recorded in the first quarter of 2024, partially offset by $12.0 million in higher restructuring and impairment charges in 2025.
10-K · Feb 19, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 3.2× · EV/sales 3.2×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

76.34+1.0% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for FTI. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment · baseline

Fundamentals strengthened in the latest filing

10-Q filed 2026-04-30 against the comparable filing from 2025-04-24.

constructive
OperationsconstructiveEvidence score +3
liquidityneutralEvidence score 0
valuationmixed

What improved

  • Revenue increased 11.6% versus the comparable filing period.
  • Operating margin improved 3.0 percentage points.
  • Net income increased 83.5% versus the comparable filing period.

What weakened

No thresholded deterioration was identified.

Filing receipts

Net Interest Expense Net interest expense of $6.0 million decreased by $3.9 million in the three months ended March 31, 2026, compared to the same period in 2025, primarily due to the reduction in outstanding debt year-over-year.

The increase was primarily attributable to an increase in Subsea gross profit of $117.9 million, of which $63.5 million was due to favorable activity mix and $54.4 million was due to volume increase.

The decrease of $4.6 million in cash used by investing activities was primarily driven by a $6.2 million reduction in capital expenditures in the three months ended March 31, 2026 compared to the same period in 2025.

Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.

Business ecosystem

The relationships behind FTI

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

EQNREquinor ASApartnerApr 30, 2026

In the UK, we are executing the first all-electric, subsea iEPCI™ for carbon capture and storage for the Northern Endurance Partnership, a joint venture between bp, Equinor, and TotalEnergies.

TTETotalEnergies SEpartnerApr 30, 2026

In the UK, we are executing the first all-electric, subsea iEPCI™ for carbon capture and storage for the Northern Endurance Partnership, a joint venture between bp, Equinor, and TotalEnergies.

Depended on by

FETForum Energy Technologies, Inc.competitorFeb 27, 2026

Some of our multinational competitors include manufacturing companies such as NOV Inc.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 9 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

FTI is currently a Early Follower in the organic co-movement group Oil & Gas. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.