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TechnipFMC (FTI) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 24, 2025
TechnipFMC (FTI) reported revenue of $2.2B for the first quarter 2025 (Q1 2025), +9% from a year earlier and -6% from the quarter before. Operating margin was 12.5%, net earnings $142M (6.4% of revenue).
TechnipFMC, Q1 2025: revenue $2.2B (+9% year over year), operating margin 12.5%, net earnings $142M, operating cash flow $442M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | -6% | +9% |
| Operating profit | $278M | +4% | +7% |
| Net earnings | $142M | -37% | -10% |
| Operating cash flow | $442M | -24% | — |
| Free cash flow | $380M | -16% | — |
What changed
Revenue was $2.2B in Q1 2025, up 9% year over year and down 6% from the previous quarter. Subsea was the largest line at 87% of revenue. Subsea added $0.20B year over year (up 12%), 105% of the total change. Surface Technologies declined 3%.
Operating profit was $0.28B, a 12.5% margin (down 0.3 points year over year). Of the extra revenue versus a year earlier, 9% reached operating profit, below the 13% margin then. Total costs grew 10% against revenue growth of 9%. Net earnings were $0.14B, down 10% year over year. The effective tax rate was 37.8%.
Operating cash flow was $0.44B, 308% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization. Working capital and other items added $0.20B. Capital expenditures of $0.06B left free cash flow of $0.38B.
Questions
What was TechnipFMC's revenue in the first quarter 2025?
TechnipFMC (FTI) reported revenue of $2.2B for the first quarter 2025 (Q1 2025), +9% from a year earlier and -6% from the quarter before.
Was TechnipFMC profitable in the first quarter 2025?
Operating profit was $278M (12.5% of revenue) and net earnings $142M.
Source: TechnipFMC 10-Q on SEC EDGAR.