TechnipFMC plc (FTI) financial statements: income statement, balance sheet and cash flow
TechnipFMC plc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), TechnipFMC plc reported revenue of $9.9B (+9.4% year on year) and net income of $967.1M.
Income statement
TechnipFMC plc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$9.6B
$8.8B
$7.6B
$6.5B
Lease revenue
$292.1M
$242.7M
$273.5M
$215.1M
Total revenue
$9.9B
$9.1B
$7.8B
$6.7B
Cost of product revenue
$7.6B
$7.2B
$6.4B
$5.6B
Cost of lease revenue
$174.2M
$152.0M
$188.5M
$166.2M
Selling, general and administrative expense
$705.3M
$667.1M
$675.9M
$616.8M
Research and development expense
$83.1M
$73.4M
$69.0M
$67.0M
Restructuring, impairment and other expenses (Note 9)
$72.8M
$25.8M
$20.0M
$15.2M
Total costs and expenses
$8.6B
$8.1B
$7.3B
$6.5B
Other income (expense), net (Note 18)
($57.7M)
($45.9M)
($248.3M)
$5.4M
Gain on disposal of Measurement Solutions business
$0
$71.3M
—
—
Income from equity affiliates (Note 10)
$47.0M
$21.7M
$34.4M
$44.6M
Income before net interest expense and income taxes
$1.3B
$1.0B
$295.3M
$219.6M
Interest income
$41.9M
$33.9M
$33.5M
$17.8M
Interest expense
($81.4M)
($97.4M)
($122.2M)
($138.7M)
Income before income taxes
$1.3B
$940.4M
$206.6M
$68.9M
Provision for income taxes (Note 19)
$302.9M
$85.1M
$154.7M
$105.4M
Net income
$967.1M
—
—
—
(Income) loss attributable to non-controlling interests
($3.2M)
($12.4M)
$4.3M
($25.4M)
Net income attributable to TechnipFMC plc
$963.9M
$842.9M
$56.2M
($107.2M)
Basic (usd per share)
$2.34
$1.96
$0.13
-$0.24
Diluted (usd per share)
$2.30
$1.91
$0.12
-$0.24
Basic (in shares)
412.2M
429.1M
438.6M
449.5M
Diluted (in shares)
419.7M
440.5M
452.3M
449.5M
TechnipFMC plc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$2.8B
$2.4B
$2.6B
$2.5B
Cost of product and service revenue
$2.1B
$1.9B
$2.0B
$1.9B
Selling, general and administrative expense
$169.3M
$215.9M
$173.2M
$173.2M
Research and development expense
$25.7M
$17.8M
$22.5M
$14.1M
Restructuring, impairment and other expenses
$5.0M
$600.0K
$3.1M
$16.4M
Total costs and expenses
$2.3B
$2.1B
$2.2B
$2.1B
Other income (expense), net
($18.7M)
$6.3M
($17.2M)
($10.7M)
Income from equity affiliates (Note 9)
$13.8M
$4.5M
$9.8M
$10.3M
Income before net interest expense and income taxes
$479.8M
$361.8M
$397.6M
$389.2M
Interest income
$7.1M
$11.1M
$8.3M
$7.8M
Interest expense
($10.7M)
($17.1M)
($18.9M)
($22.2M)
Income before income taxes
$476.2M
$355.8M
$387.0M
$374.8M
Provision for income taxes (Note 13)
$114.1M
$95.9M
$76.1M
$106.5M
Net income
$362.1M
$259.9M
$310.9M
$268.3M
Net (income) loss attributable to non-controlling interests
$600.0K
$600.0K
($1.2M)
$1.2M
Net income attributable to TechnipFMC plc
$362.7M
$260.5M
$309.7M
$269.5M
Basic (usd per share)
$0.92
$0.65
$0.76
$0.65
Diluted (usd per share)
$0.90
$0.64
$0.75
$0.64
Basic (in shares)
396.2M
400.1M
409.5M
415.4M
Diluted (in shares)
404.5M
409.9M
415.7M
420.5M
Balance sheet
TechnipFMC plc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$1.0B
$1.2B
$951.7M
$1.1B
Trade receivables, net of allowances of $45.3 in 2025 and $43.4 in 2024
$1.1B
$1.3B
$1.1B
$966.5M
Contract assets
$1.1B
$967.7M
$1.0B
$981.6M
Inventories, net (Note 8)
$1.2B
$1.1B
$1.1B
$1.0B
Derivative financial instruments (Note 21)
$442.1M
$347.1M
$183.4M
$282.7M
Income taxes receivable
$179.4M
$136.6M
$156.2M
$125.3M
Other current assets (Note 9)
$544.8M
$346.4M
$414.0M
$455.0M
Total current assets
$5.5B
$5.5B
$5.2B
$5.0B
Investments in equity affiliates (Note 10)
$231.1M
$244.5M
$274.4M
$325.0M
Property, plant and equipment, net (Note 12)
$2.3B
$2.1B
$2.3B
$2.4B
Operating lease right-of-use assets (Note 3)
$773.5M
$723.3M
$739.6M
$801.9M
Finance lease right-of-use assets (Note 3)
$77.9M
$96.9M
$91.6M
$51.6M
Intangible assets, net (Note 13)
$425.7M
$508.3M
$601.6M
$716.0M
Deferred income taxes (Note 19)
$252.7M
$259.7M
$164.8M
$72.5M
Derivative financial instruments (Note 21)
$187.1M
$176.8M
$30.4M
$7.2M
Other assets
$339.6M
$258.3M
$287.9M
$126.5M
Total assets
$10.1B
$9.9B
$9.7B
$9.4B
Short-term debt and current portion of long-term debt (Note 14)
$34.3M
$277.9M
$153.8M
$367.3M
Operating lease liabilities (Note 3)
$146.7M
$131.0M
$136.5M
$136.1M
Finance lease liabilities (Note 3)
$31.0M
$61.9M
$9.9M
$51.9M
Accounts payable, trade
$1.2B
$1.3B
$1.4B
$1.3B
Contract liabilities
$2.1B
$1.8B
$1.5B
$1.2B
Derivative financial instruments (Note 21)
$358.3M
$396.8M
$179.9M
$346.6M
Income taxes payable
$142.1M
$156.5M
$146.8M
$96.7M
Other current liabilities (Note 9)
$873.7M
$566.2M
$748.0M
$560.9M
Total current liabilities
$4.9B
$4.9B
$4.5B
$4.2B
Long-term debt, less current portion (Note 14)
$395.7M
$607.3M
$913.5M
$999.3M
Operating lease liabilities, less current portion (Note 3)
$673.7M
$661.5M
$667.1M
$735.7M
Finance lease liabilities (Note 9)
$61.2M
$51.8M
$88.4M
$1.4M
Deferred income taxes (Note 19)
$100.8M
$54.4M
$92.2M
$55.5M
Accrued pension and other post-retirement benefits, less current portion (Note 20)
$49.3M
$129.3M
$84.4M
$59.7M
Derivative financial instruments (Note 21)
$202.4M
$242.5M
$24.8M
$3.6M
Other liabilities
$315.0M
$119.2M
$145.5M
$138.1M
Total liabilities
$6.7B
$6.7B
$6.5B
$6.2B
Ordinary shares, $1 par value; 618.3 shares authorized in 2025 and 2024; 400.7 shares and 423.0 shares issued and outstanding in 2025 and 2024, respectively
400.7M
423.0M
432.9M
442.2M
Capital in excess of par value of ordinary shares
8.1B
8.7B
8.9B
9.1B
Accumulated deficit
($3.8B)
($4.3B)
($5.0B)
($5.0B)
Accumulated other comprehensive loss
($1.4B)
($1.7B)
($1.2B)
($1.3B)
Total TechnipFMC plc stockholders’ equity
$3.4B
$3.1B
$3.1B
$3.2B
Non-controlling interests
$41.5M
$44.6M
$35.4M
$36.5M
Total equity
$3.4B
$3.1B
$3.2B
$3.3B
Total liabilities and equity
$10.1B
$9.9B
$9.7B
$9.4B
TechnipFMC plc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$991.8M
$960.8M
$876.6M
$950.0M
Trade receivables, net of allowances of $42.2 in 2026 and $45.3 in 2025
$1.5B
$1.2B
$1.4B
$1.3B
Contract assets
$1.3B
$1.1B
$1.1B
$1.1B
Inventories, net (Note 7)
$1.2B
$1.2B
$1.2B
$1.2B
Derivative financial instruments (Note 11)
$251.6M
$316.5M
$557.7M
$409.0M
Income taxes receivable
$142.9M
$182.1M
$162.3M
$121.7M
Other current assets (Note 8)
$486.8M
$553.2M
$366.2M
$392.0M
Total current assets
$5.9B
$5.5B
$5.7B
$5.6B
Investments in equity affiliates (Note 9)
$242.6M
$236.0M
$231.9M
$234.7M
Property, plant and equipment, net of accumulated depreciation of $3,548.1 in 2026 and $3,543.3 in 2025
$2.3B
$2.3B
$2.3B
$2.3B
Operating lease right-of-use assets
$714.0M
$747.8M
$741.7M
$745.8M
Finance lease right-of-use assets
$71.9M
$78.6M
$84.1M
$85.0M
Intangible assets, net of accumulated amortization of $847.0 in 2026 and $806.8 in 2025
$381.1M
$402.8M
$477.3M
$494.2M
Deferred income taxes
$237.9M
$230.3M
$235.7M
$244.2M
Derivative financial instruments (Note 11)
$162.2M
$226.9M
$175.6M
$75.5M
Other assets
$403.0M
$365.4M
$292.1M
$284.8M
Total assets
$10.4B
$10.1B
$10.3B
$10.1B
Short-term debt and current portion of long-term debt (Note 10)
$115.3M
$36.4M
$33.6M
$271.2M
Operating lease liabilities
$143.6M
$149.3M
$145.8M
$145.0M
Finance lease liabilities
$31.4M
$32.4M
$31.0M
$29.6M
Accounts payable, trade
$1.6B
$1.3B
$1.1B
$1.3B
Contract liabilities
$2.4B
$2.2B
$2.4B
$2.1B
Derivative financial instruments (Note 11)
$295.8M
$268.0M
$472.8M
$337.7M
Income taxes payable
$186.9M
$155.7M
$128.5M
$153.3M
Other current liabilities (Note 8)
$768.9M
$788.0M
$578.1M
$576.6M
Total current liabilities
$5.5B
$4.9B
$5.1B
$5.1B
Long-term debt, less current portion (Note 10)
$286.6M
$384.0M
$404.4M
$425.1M
Operating lease liabilities, less current portion
$612.1M
$642.5M
$657.3M
$659.8M
Finance lease liabilities, less current portion
$53.7M
$59.5M
$66.8M
$69.9M
Deferred income taxes
$133.4M
$121.5M
$89.3M
$77.9M
Derivative financial instruments (Note 11)
$181.8M
$248.5M
$194.3M
$91.9M
Other liabilities
$360.7M
$354.4M
$301.5M
$237.4M
Total liabilities
$7.1B
$6.7B
$6.9B
$6.8B
Ordinary shares, $1.00 par value; 618.3 shares authorized in 2026 and 2025; 392.8 shares and 400.7 shares issued and outstanding in 2026 and 2025, respectively
392.8M
398.7M
404.4M
411.0M
Capital in excess of par value of ordinary shares
7.9B
8.0B
8.1B
8.3B
Accumulated deficit
($3.7B)
($3.7B)
($3.9B)
($4.1B)
Accumulated other comprehensive loss
($1.4B)
($1.3B)
($1.3B)
($1.3B)
Total TechnipFMC plc stockholders’ equity
$3.3B
$3.4B
$3.3B
$3.3B
Non-controlling interests
$7.3M
$7.9M
$45.2M
$45.0M
Total equity
$3.3B
$3.4B
$3.4B
$3.3B
Total liabilities and equity
$10.4B
$10.1B
$10.3B
$10.1B
Cash flow statement
TechnipFMC plc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$967.1M
$855.3M
$51.9M
($81.8M)
Depreciation and amortization
$441.8M
$392.7M
$377.8M
$377.2M
Employee benefit plan and share-based compensation costs
$68.8M
$76.2M
$30.8M
$33.5M
Deferred income tax provision (benefit), net
$36.0M
($246.1M)
($54.2M)
($13.0M)
Derivative instruments and foreign exchange
$34.2M
($73.6M)
—
—
Income from equity affiliates, net of dividends received
$4.0M
$28.8M
($34.2M)
($31.9M)
Gain on disposal of Measurement Solutions business
$0
$71.3M
—
—
Other
$18.0M
$17.0M
$40.7M
$6.7M
Trade receivables, net and Contract assets
$212.7M
($236.1M)
($227.7M)
($160.2M)
Inventories, net
($23.3M)
($42.0M)
($91.2M)
($35.0M)
Accounts payable, trade
($229.6M)
$8.2M
$62.5M
$52.1M
Contract liabilities
$278.4M
$362.7M
$321.0M
$164.5M
Income taxes (receivable) payable, net
($92.1M)
$34.8M
$34.3M
($62.1M)
Other current assets and liabilities, net
$156.0M
($226.5M)
$203.3M
($40.4M)
Other non-current assets and liabilities, net
($107.4M)
$80.9M
($53.3M)
($19.0M)
Cash provided by operating activities
$1.8B
$961.0M
$693.0M
$352.1M
Capital expenditures
($317.2M)
($281.6M)
($225.2M)
($157.9M)
Proceeds from sale of assets
$12.2M
$19.2M
$84.7M
$30.2M
Proceeds from sale of Measurement Solutions business
$0
$186.1M
—
—
Other
$6.7M
$500.0K
$14.9M
($20.8M)
Cash required by investing activities
($298.3M)
—
—
—
Repayment of debt obligations
($503.3M)
($121.3M)
($341.6M)
($200.4M)
Share repurchases
($918.3M)
($400.1M)
($205.1M)
($100.2M)
Dividends paid
($82.3M)
($85.9M)
($43.5M)
$0
Payments related to taxes withheld on share-based compensation
($69.3M)
($49.7M)
—
—
Other
($47.7M)
$10.2M
($19.5M)
($24.8M)
Cash required by financing activities
($1.6B)
($648.0M)
($656.5M)
($796.7M)
Effect of changes in foreign exchange rates on cash and cash equivalents
$28.8M
($31.2M)
($16.3M)
$12.1M
Increase (decrease) in cash and cash equivalents
($125.8M)
$206.0M
($105.4M)
($270.3M)
Cash and cash equivalents in the statement of cash flows, beginning of year
$1.2B
$951.7M
$1.1B
$1.3B
Cash and cash equivalents in the statement of cash flows, end of year
$1.0B
$1.2B
$951.7M
$1.1B
Cash paid for interest (net of interest capitalized)
$55.6M
$63.1M
$93.4M
$109.2M
Income taxes paid (net of refunds received)
$359.2M
$249.7M
$150.7M
$189.2M
Dividend receivable in exchange for loan receivable
$0
$0
$85.0M
—
TechnipFMC plc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income (loss)
$622.0M
$259.9M
$722.5M
$411.6M
Depreciation and amortization
$200.7M
$103.6M
$335.9M
$217.6M
Employee benefit plan and share-based compensation costs
$75.6M
$57.8M
—
—
Deferred income tax provision, net
$46.7M
$47.3M
$87.3M
—
Income from equity affiliates, net of dividends received
($10.8M)
($4.5M)
$1.5M
$11.3M
Trade receivables, net and Contract assets
($436.0M)
($122.6M)
($123.3M)
($78.3M)
Inventories, net
($83.0M)
($63.7M)
($49.6M)
($90.6M)
Accounts payable, trade
$338.4M
$148.4M
—
—
Contract liabilities
$73.0M
($2.3M)
—
—
Income taxes (receivable) payable, net
$48.5M
($15.8M)
($59.4M)
($5.2M)
Other current assets and liabilities, net
$84.6M
($42.0M)
$45.2M
$18.7M
Other operating activities
($79.2M)
($33.6M)
$85.6M
$124.4M
Cash provided by operating activities
$880.5M
$332.5M
$1.3B
$785.9M
Capital expenditures
($115.7M)
($55.6M)
($222.7M)
($145.4M)
Other investing activities
$5.4M
$2.0M
$11.7M
$4.6M
Cash required by investing activities
($110.3M)
($53.6M)
($211.0M)
($140.8M)
Repayment of debt obligations
($15.0M)
($4.5M)
($496.4M)
($241.6M)
Share repurchases
($684.9M)
($264.8M)
($750.2M)
($500.2M)
Dividends paid
($39.7M)
($19.9M)
($62.1M)
($41.6M)
Payments related to taxes withheld on share-based compensation
($77.8M)
($76.5M)
($69.2M)
($69.2M)
Other financing activities
$7.4M
$14.8M
($34.5M)
($28.2M)
Cash required by financing activities
($810.0M)
($350.9M)
($1.4B)
($880.8M)
Effect of changes in foreign exchange rates on cash and cash equivalents