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TechnipFMC FTI

TechnipFMC scores good on business quality (6.7 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$69.57Oct 10, 2026
Business qualityGood
Next earningsOct 29, 2026, before the open
Insiders, 90 daysBuying

Why it matters

  1. What TechnipFMC does

    TechnipFMC designs and manufactures subsea production systems and services for energy companies extracting offshore oil and gas. They collect project fees and equipment sales from operators developing deepwater fields. Subsea 2.0 standardization and integrated project delivery position them to capture major offshore subsea tree and manifold awards globally.

  2. What it does best

    TechnipFMC dominates subsea oilfield architecture by combining subsea hardware and installation vessels into integrated contracts. An ROE of 35.3% proves this bundled model extracts high returns from complex deepwater projects that pure-play equipment makers cannot easily replicate.

  3. The main risk

    Project execution delays in offshore installations can stall revenue conversion. If deepwater customer capital spending freezes due to macro shocks, project cancellations directly threaten the backlog and cash generation.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityFair

Operating margin stands at 15.0% while FCF margin hits 15.1%, driven by higher-margin integrated subsea projects. Margins are expanding steadily as standardized equipment lowers manufacturing costs.

MoatFair

Switching costs form its moat, locking in deepwater operators who rely on its proprietary subsea technology for multi-decade field lives. A gross margin sector percentile of 23 shows low pricing power compared to software peers, capping the score.

GrowthSteady

Revenue grew to $10.4B, continuing a multi-year expansion from $6.4B in 2021. Free cash flow more than doubled from $679M in 2024, showing accelerating cash conversion.

Financial healthStrong

Net cash sits at $518M with interest coverage at 24x making debt costs negligible. Free cash flow reached $1.6B on robust operating cash flow. The balance sheet is getting stronger.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

1 insider bought $500K on the open market.

Our sealed record on FTI

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is FTI a good business?

TechnipFMC scores good on the Cluenex quality check (6.7 of 10), measured against its own industry. Profitability is fair, moat fair, growth steady and financial health strong.

Are insiders buying FTI?

In the last 90 days of SEC Form 4 filings: 1 insider bought $500K on the open market.

When does FTI report earnings?

Oct 29, 2026, before the open.

For members

See FTI today

  • Today's verdict on FTI, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “TechnipFMC (FTI)”, https://cluenex.com/stocks/fti/, data as of Oct 10, 2026.