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 treament, 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
HQLondon, GB
Websitetechnipfmc.com
Employee Ratings3.9

Latest Updates

Employees (est.) (Dec 2020)31,395(-15%)
Job Openings238
Revenue (FY, 2020)$13.1 B(-2%)
Share Price (Jul 2021)$7.2(-7%)
Cybersecurity ratingAMore

Key People/Management at TechnipFMC

Douglas J. Pferdehirt

Douglas J. Pferdehirt

Chairman 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, People & Culture
Barry Glickman

Barry Glickman

President of Surface
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TechnipFMC Office Locations

TechnipFMC has offices in London, Erie, Houston, Stephenville and in 37 other locations
London, GB (HQ)
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
Bakı, AZ
Uzeyir Hajibeyov street 62, Marine Plaza BC, 17th floor
Rio de Janeiro, BR
R. Dom Marcos Barbosa, 2 - Cidade Nova
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TechnipFMC Financials and Metrics

TechnipFMC Revenue

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View revenue for all periods
TechnipFMC's revenue was reported to be $13.05 b in FY, 2020 which is a 2.7% decrease from the previous period.
USD

Net income (Q1, 2021)

371.9m

EBIT (Q1, 2021)

514.6m

Market capitalization (22-Jul-2021)

3.3b

Closing stock price (22-Jul-2021)

7.2

Cash (31-Mar-2021)

752.8m

EV

5.7b
TechnipFMC's current market capitalization is $3.3 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

12.6b13.4b13.1b

Revenue growth, %

(17%)7%(3%)

Cost of goods sold

10.3b11.0b11.2b

Gross profit

2.3b2.5b1.8b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

3.1b3.0b3.1b2.9b3.4b3.3b3.1b2.3b3.3b

Cost of goods sold

2.5b2.4b2.6b2.4b2.7b2.7b2.7b2.6b2.9b

Gross profit

600.6m538.7m585.3m501.1m736.4m608.7m428.6m(325.8m)460.1m

Gross profit Margin, %

19%18%19%17%21%18%14%(14%)14%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

5.5b5.2b4.8b

Accounts Receivable

2.5b2.3b2.3b

Inventories

1.3b1.4b1.3b

Current Assets

11.8b11.9b11.4b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

6.2b5.6b5.6b5.0b4.6b4.5b5.0b4.8b4.2b752.8m

Accounts Receivable

2.4b2.2b2.1b2.3b2.2b2.2b2.2b2.2b21.3b

Inventories

1.0b1.1b1.2b1.3b1.4b1.4b1.3b1.4b1.3b1.2b

Current Assets

13.2b11.8b11.6b11.3b11.3b11.0b11.8b11.5b11.0b6.3b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(1.9b)(2.4b)(3.2b)

Depreciation and Amortization

550.4m509.6m447.2m

Inventories

(339.4m)(169.6m)82.8m

Accounts Payable

(1.2b)26.1m18.4m
USDQ1, 2018

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

2.1 x
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TechnipFMC Acquisitions / Subsidiaries

Company NameDateDeal Size
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
CybernetixNovember 14, 2011€14.1 m
Technip-EPG B.VJuly 08, 2008
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TechnipFMC Revenue Breakdown

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TechnipFMC revenue breakdown by business segment: 8.1% from Surface Technologies, 50.0% from Technip Energies and 41.9% from Subsea

TechnipFMC revenue breakdown by geographic segment: 10.5% from Norway, 16.2% from USA, 18.5% from Russia, 8.3% from All Other Countries, 5.3% from Brazil and 41.3% from Other

TechnipFMC Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

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 plc Announces the Sale of a ca. 14% Stake in Technip Energies N.V.

Sale of 25 million Technip Energies N.V. (“Technip Energies”) shares representing ca. 14% of Technip Energies’ share capital through an accelerated bookbuild offering

TechnipFMC Announces First Quarter 2021 Results

TechnipFMC plc (NYSE: FTI) (Paris: FTI) today reported first quarter 2021 results.

TechnipFMC Receives Notice to Proceed for Subsea Contract for Santos Barossa Project Offshore Australia

TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) today announced it has received a Notice to Proceed for a significant(1)subsea production system contract from Santos Ltd. (ASX: STO) for the Barossa project, located 300 kilometers north of Darwin, Australia, at a water depth of approximately 13…

TechnipFMC PLC stock rises Friday, still underperforms market

Shares of TechnipFMC PLC FTI, 0.07% inched 0.29% higher to $6.95 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, -0.08% rising 1.09% to 4,180.17 and the Dow Jones Industrial Average DJIA, -0.11% rising 0.67% to 34,043.49. Technip…

TechnipFMC Awarded a Significant Subsea Contract for Petrobras’ Marlim and Voador Fields

TechnipFMC (NYSE: FTI) (PARIS: FTI) today announced that it has been awarded a significant(1) subsea contract from Petrobras (NYSE: PBR) for the Marlim and Voador fields, located offshore Brazil.

TechnipFMC Announces First Quarter 2021 Earnings Release and Teleconference Schedule

TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) will issue its first quarter 2021 earnings release after the close of the New York Stock Exchange on Tuesday, April 27, 2021. The Company will also host its first quarter 2021 earnings release teleconference on Wednesday, April 28, 2021, at 1 p.m…
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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 31,395 employees.

  • What is TechnipFMC revenue?

    Latest TechnipFMC annual revenue is $13.1 b.

  • What is TechnipFMC revenue per employee?

    Latest TechnipFMC revenue per employee is $415.7 k.

  • Who are TechnipFMC competitors?

    Competitors of TechnipFMC include McDermott, BP and NOV.

  • Where is TechnipFMC headquarters?

    TechnipFMC headquarters is located at 1 St. Paul's Churchyard, London.

  • Where are TechnipFMC offices?

    TechnipFMC has offices in London, Erie, Houston, Stephenville and in 37 other locations.

  • How many offices does TechnipFMC have?

    TechnipFMC has 41 offices.