TechnipFMC
- Revenue$6.4 BFY, 2021
- Market Capitalization$3.3 B2022-05-13
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.
| Type | Public | |
| Founded | 2017 | |
| HQ | Newcastle upon Tyne, GB | Map |
| Website | technipfmc.com | |
| Employee Ratings |
Key People/Management at TechnipFMC
Douglas J. Pferdehirt
Chair and Chief Executive Officer
Alf Melin
Executive Vice President and Chief Financial Officer
Justin Rounce
Executive Vice President and Chief Technology Officer
Victoria Lazar
Executive Vice President, Chief Legal Officer and Secretary
Nisha Rai
Executive Vice President of People and Culture
Luana Duffe
Executive Vice President, New Energy Ventures
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
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
| USD | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|---|
Revenue | 12.6b | 13.4b | 13.1b | 6.4b |
Cost of goods sold | (9.7b) | (10.4b) | (10.9b) | (6.0b) |
Gross profit | 2.8b | 3.0b | 2.2b | 466.5m |
R&D expense | (189.2m) | (162.9m) | (119.8m) |
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 2.9b | 3.4b | 3.3b | 3.1b | 3.2b | 3.3b | 1.6b | 1.7b | 2.5b |
Cost of goods sold | (2.7b) | (3.0b) | (3.0b) | (3.0b) | (6.1b) | (3.1b) | (1.3b) | (1.7b) | (1.7b) |
Gross profit | 254.2m | 431.1m | 380.8m | 172.7m | (3.0b) | 229.2m | 340.4m | (38.8m) | 781.1m |
R&D expense | (16.5m) | 16.5m | (54.4m) |
Annual
| USD | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|---|
Cash | 5.5b | 5.2b | 4.8b | 1.3b |
Accounts Receivable | 2.5b | 2.3b | 2.3b | 911.9m |
Prepaid Expenses | 956.1m | 1.1b | 1.2b | |
Inventories | 1.3b | 1.4b | 1.3b | 1.0b |
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 5.0b | 4.6b | 4.5b | 5.0b | 4.8b | 4.2b | 752.8m | 854.9m | 1.0b |
Accounts Receivable | 2.3b | 2.2b | 2.2b | 2.2b | 2.2b | 2.1b | 1.0b | 1.3b | 1.1b |
Prepaid Expenses | 647.7m | 543.4m | |||||||
Inventories | 1.3b | 1.4b | 1.4b | 1.3b | 1.4b | 1.3b | 1.2b | 1.1b | 1.1b |
Annual
| USD | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|---|
Net Income | (1.9b) | (2.4b) | (3.2b) | 14.4m |
Depreciation and Amortization | 550.4m | 509.6m | 447.2m | 385.4m |
Inventories | (339.4m) | (169.6m) | 82.8m | 197.7m |
Accounts Payable | (1.2b) | 26.1m | 18.4m | 93.8m |
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 19.8m | 133.5m | 159.1m | (3.2b) | (3.2b) | (3.2b) | 432.1m | 259.5m | 220.5m |
Depreciation and Amortization | 119.4m | 236.9m | 378.5m | 120.4m | 227.0m | 335.5m | 95.2m | 193.2m | 289.7m |
Inventories | (61.5m) | (134.9m) | (190.6m) | (30.2m) | (58.7m) | (23.8m) | 66.0m | 122.6m | 165.9m |
Accounts Payable | (148.6m) | (105.0m) | 12.3m | (4.2m) | (41.1m) | (84.6m) | 84.8m | 108.4m | 78.0m |
| USD | FY, 2018 |
|---|---|
Revenue/Employee | 309.2k |
TechnipFMC Operating Metrics
| FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Inbound Orders | $14.29 b | $6.18 b | $11.18 b | $2.61 b | $22.69 b | $2.1 b | $1.53 b | $2.23 b | $10.07 b | $1.72 b | $1.56 b | $1.37 b |
Inbound Orders (Subsea) | $5.18 b | $2.68 b | $2.63 b | $1.51 b | $7.99 b | $1.17 b | $511.7 m | $1.61 b | $4 b | $1.52 b | $1.29 b | $1.12 b |
Inbound Orders (Onshore/Offshore) | $7.43 b | $3.14 b | $8.13 b | $696 m | $13.08 b | $560.6 m | $835.8 m | $412.8 m | ||||
Inbound Orders (Surface Technologies) | $1.69 b | $368 m | $415.7 m | $404.7 m | $1.62 b | $366.3 m | $187.1 m | $207.5 m | $1.06 b | $203 m | $268.2 m | $249.9 m |
TechnipFMC Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Magma Global | October 13, 2021 | $64 m |
| Technip Odebrecht PLSV CV | December 30, 2019 | |
| FMC Technologies Inc | January 17, 2017 | |
| Hummingbird Technology | June 15, 2016 | |
| Inocean | December 31, 2014 | |
| Technip Zimmer | December 15, 2014 | |
| Shaw Energy & Chemicals | August 31, 2012 | |
| Stone & Webster Process Technologies | August 31, 2012 | |
| CyXplus | January 01, 2012 | |
| Global Industries | December 01, 2011 |
TechnipFMC Revenue Breakdown
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.
TechnipFMC Cybersecurity Score
TechnipFMC Environment, Social & Governance (ESG) Ratings
TechnipFMC Online and Social Media Presence
23.61k Twitter followers
TechnipFMC has 23.61k Twitter Followers. The number of followers has increased 0.2% month over month and increased 0.6% quarter over quarter
TechnipFMC's Trends
Twitter Engagement Stats for @TechnipFMC
1.2k
Tweets
414
Following
23.6k
Followers
3
Tweets last 30 days
10
Avg. likes per Tweet
100%
Tweets with engagement
TechnipFMC News and Updates
February 23, 2022
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 …
February 18, 2022
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.
January 24, 2022
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.
January 20, 2022
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…
January 18, 2022
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…
January 13, 2022
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.
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.
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