TechnipFMC

OverviewSuggest Edit

TechnipFMC is a global energy service company that provides solutions for the production and transformation of hydrocarbons. It delivers projects, products, technologies, and services with a focus on three business segments: Subsea, Surface Technologies, and Technip Energies. The company specializes in subsea processing, field architecture, drilling, gas treatment, project management consultancy, flow metering products and systems, floating facilities, installation and maintenance services as well as other related areas. TechnipFMC was formed as a result of a merger between FMC Technologies and Technip.
TypePublic
Founded2017
HQNewcastle upon Tyne, GB
Websitetechnipfmc.com
Employee Ratings3.9

Latest Updates

Employees (est.) (Dec 2020)37,966(-10%)
Job Openings428
Revenue (FY, 2021)$6.4 B(-50%)
Share Price (May 2022)$7.4(+6%)
Cybersecurity ratingAMore
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Key People/Management at TechnipFMC

Douglas J. Pferdehirt

Douglas J. Pferdehirt

Chair and Chief Executive Officer
Alf Melin

Alf Melin

Executive Vice President and Chief Financial Officer
Justin Rounce

Justin Rounce

Executive Vice President and Chief Technology Officer
Victoria Lazar

Victoria Lazar

Executive Vice President, Chief Legal Officer and Secretary
Nisha Rai

Nisha Rai

Executive Vice President of People and Culture
Luana Duffe

Luana Duffe

Executive Vice President, New Energy Ventures
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TechnipFMC Office Locations

TechnipFMC has offices in Newcastle upon Tyne, Chippenham, London, Erie and in 43 other locations
Newcastle upon Tyne, GB (HQ)
Hadrian House, Wincomblee Rd, Walker
Chippenham, GB
Suite B, Pew Hill House, Pew Hill
London, GB
1 St. Paul's Churchyard
Luanda, AO
14th floor, R. Rei Katyavala 43
Buenos Aires, AR
Lola Mora 421, Piso 18, Oficina 1802
Perth, AU
1 William St
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TechnipFMC Financials and Metrics

TechnipFMC Revenue

TechnipFMC's revenue was reported to be $6.4 b in FY, 2021
USD

Revenue (FY, 2021)

6.4b

Gross profit (FY, 2021)

466.5m

Net income (FY, 2021)

87.0m

EBITDA (FY, 2021)

466.5m

EBIT (FY, 2021)

19.2m

Market capitalization (13-May-2022)

3.3b

Closing stock price (13-May-2022)

7.4

Cash (31-Dec-2021)

1.3b

EV

4.0b
TechnipFMC's current market capitalization is $3.3 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

12.6b13.4b13.1b6.4b

Cost of goods sold

(9.7b)(10.4b)(10.9b)(6.0b)

Gross profit

2.8b3.0b2.2b466.5m

R&D expense

(189.2m)(162.9m)(119.8m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

2.9b3.4b3.3b3.1b3.2b3.3b1.6b1.7b2.5b

Cost of goods sold

(2.7b)(3.0b)(3.0b)(3.0b)(6.1b)(3.1b)(1.3b)(1.7b)(1.7b)

Gross profit

254.2m431.1m380.8m172.7m(3.0b)229.2m340.4m(38.8m)781.1m

R&D expense

(16.5m)16.5m(54.4m)
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

5.5b5.2b4.8b1.3b

Accounts Receivable

2.5b2.3b2.3b911.9m

Prepaid Expenses

956.1m1.1b1.2b

Inventories

1.3b1.4b1.3b1.0b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

5.0b4.6b4.5b5.0b4.8b4.2b752.8m854.9m1.0b

Accounts Receivable

2.3b2.2b2.2b2.2b2.2b2.1b1.0b1.3b1.1b

Prepaid Expenses

647.7m543.4m

Inventories

1.3b1.4b1.4b1.3b1.4b1.3b1.2b1.1b1.1b
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

(1.9b)(2.4b)(3.2b)14.4m

Depreciation and Amortization

550.4m509.6m447.2m385.4m

Inventories

(339.4m)(169.6m)82.8m197.7m

Accounts Payable

(1.2b)26.1m18.4m93.8m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

19.8m133.5m159.1m(3.2b)(3.2b)(3.2b)432.1m259.5m220.5m

Depreciation and Amortization

119.4m236.9m378.5m120.4m227.0m335.5m95.2m193.2m289.7m

Inventories

(61.5m)(134.9m)(190.6m)(30.2m)(58.7m)(23.8m)66.0m122.6m165.9m

Accounts Payable

(148.6m)(105.0m)12.3m(4.2m)(41.1m)(84.6m)84.8m108.4m78.0m
USDFY, 2018

Revenue/Employee

309.2k
Show all financial metrics

TechnipFMC Operating Metrics

TechnipFMC Acquisitions / Subsidiaries

Company NameDateDeal Size
Magma GlobalOctober 13, 2021$64 m
Technip Odebrecht PLSV CVDecember 30, 2019
FMC Technologies IncJanuary 17, 2017
Hummingbird TechnologyJune 15, 2016
InoceanDecember 31, 2014
Technip ZimmerDecember 15, 2014
Shaw Energy & ChemicalsAugust 31, 2012
Stone & Webster Process TechnologiesAugust 31, 2012
CyXplusJanuary 01, 2012
Global IndustriesDecember 01, 2011
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TechnipFMC Revenue Breakdown

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TechnipFMC revenue breakdown by business segment: 100.0% from TECHNIP ENERGIES

Human Capital Metrics

TechnipFMC's employees are reported to be approximately 23% female and 77% male.
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TechnipFMC Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

TechnipFMC Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

TechnipFMC Online and Social Media Presence

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TechnipFMC News and Updates

TechnipFMC Announces Fourth Quarter 2021 Results

Total Company revenue in the fourth quarter was $1,523.3 million. Loss from continuing operations attributable to TechnipFMC was $127.2 million, or $0.28 per diluted share. These results included after-tax charges and credits totaling $71.4 million of expense, or $0.16 per share, which included the …

TechnipFMC Announces Completion of Delisting of Shares on Euronext Paris

TechnipFMC (NYSE: FTI) (the “Company”) announced today that the delisting of its shares (ISIN: GB00BDSFG982) on Euronext Paris was completed on February 18, 2022. All shares tendered to the voluntary sales facility were sold on the New York Stock Exchange (the “NYSE”) prior to the delisting.

TechnipFMC Awarded Large EPCI Contract by Petrobras for Búzios 6 Field

TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a large(1) subsea Engineering, Procurement, Construction and Installation (EPCI) contract by Petrobras for its Búzios 6 field (module 7), a greenfield development in the pre-salt area.

TechnipFMC Announces Fourth Quarter 2021 Earnings Release and Conference Call

TechnipFMC (NYSE:FTI) (PARIS:FTI) will issue its fourth quarter 2021 earnings release after the close of the New York Stock Exchange on Wednesday, February 23, 2022. The Company will also host its fourth quarter 2021 earnings conference call on Thursday, February 24, 2022, at 1 p.m. London time (8 a…

TechnipFMC Partnership Magnora Offshore Wind is Successful in ScotWind Leasing Round Application

TechnipFMC (NYSE: FTI) (PARIS: FTI) and Magnora ASA (Magnora) are pleased to announce that their partnership, Magnora Offshore Wind AS, has been offered the opportunity to enter into an Option Agreement for the N3 area by the Crown Estate Scotland in the ScotWind leasing round. The planned developme…

TechnipFMC Awarded Integrated EPCI (iEPCI™) Contract by Equinor

TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded an integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract(1) for Equinor’s Smørbukk Nord development.
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TechnipFMC Frequently Asked Questions

  • When was TechnipFMC founded?

    TechnipFMC was founded in 2017.

  • Who are TechnipFMC key executives?

    TechnipFMC's key executives are Douglas J. Pferdehirt, Alf Melin and Justin Rounce.

  • How many employees does TechnipFMC have?

    TechnipFMC has 37,966 employees.

  • What is TechnipFMC revenue?

    Latest TechnipFMC annual revenue is $6.4 b.

  • What is TechnipFMC revenue per employee?

    Latest TechnipFMC revenue per employee is $168.7 k.

  • Who are TechnipFMC competitors?

    Competitors of TechnipFMC include Tripatra, Ingersoll Rand and BP.

  • Where is TechnipFMC headquarters?

    TechnipFMC headquarters is located at Hadrian House, Wincomblee Rd, Walker, Newcastle upon Tyne.

  • Where are TechnipFMC offices?

    TechnipFMC has offices in Newcastle upon Tyne, Chippenham, London, Erie and in 43 other locations.

  • How many offices does TechnipFMC have?

    TechnipFMC has 47 offices.