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TechnipFMC vs Dnow: FTI and DNOW compared
TechnipFMC is the larger company: $2.9B of revenue in its latest quarter (Q3 2026) against $1.3B for Dnow (Q3 2026). Dnow is growing faster (+111% against +9% a year earlier). TechnipFMC is more profitable, with an operating margin of 19.5% against 2.5%.
Where the money goes: FTI and DNOW
TechnipFMC (FTI) · Q3 2026
TechnipFMC, Q3 2026: revenue $2.9B (+9% year over year), operating margin 19.5%, net earnings $419M, operating cash flow $531M. The chart follows the revenue to costs, profit and cash.
Dnow (DNOW) · Q3 2026
Dnow, Q3 2026: revenue $1.3B (+111% year over year), operating margin 2.5%, net earnings $26.0M, operating cash flow $120M. The chart follows the revenue to costs, profit and cash.
| TechnipFMC (FTI) | Dnow (DNOW) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.9B | $1.3B |
| Revenue growth, Y/Y | +9% | +111% |
| Gross margin | — | 19.8% |
| Operating margin | 19.5% | 2.5% |
| Net earnings | $419M | $26.0M |
| Net margin | 14.5% | 1.9% |
| Operating cash flow | $531M | $120M |
| Free cash flow | $470M | $106M |
| Market value | $25.2B | $2.4B |
| P/E | 20.0× | — |
| Analysts’ mean target | $77.00 | $18.75 |
Where the revenue comes from
TechnipFMC
- Services: $1.8B (61%)
- Products: $1.1B (39%)
Dnow
- Upstream: $486M (36%)
- Gas Utilities: $321M (24%)
- Midstream: $292M (22%)
- Downstream and Industrial: $238M (18%)
Questions
Which is bigger, TechnipFMC or Dnow?
TechnipFMC is the larger company: $2.9B of revenue in its latest quarter (Q3 2026) against $1.3B for Dnow (Q3 2026).
Is TechnipFMC or Dnow growing faster?
Dnow is growing faster (+111% against +9% a year earlier).
Which is more profitable, TechnipFMC or Dnow?
TechnipFMC is more profitable, with an operating margin of 19.5% against 2.5%.
More: TechnipFMC earnings · how TechnipFMC makes money · Dnow earnings · how Dnow makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.