| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 44 | 26.4x | 17.8x | Around median | |
Growth | 78 | 9.9% | 7.1% | Top tier | |
Quality | 81 | 28.1% | 4.5% | Top tier | |
Safety | 82 | 0.1x | 2.6x | Top tier | |
Capital Return | 26 | 0.26% | 2.12% | Bottom tier | |
Momentum | 92 | 90.0% | 2.9% | Top tier | |
Sentiment | 95 | 14 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
TechnipFMC plc is an energy technology and services company focused primarily on offshore and subsea project development. Through its iEPCI model, it combines project engineering, equipment manufacturing, delivery, installation, and commissioning under an integrated contract. It also provides Subsea 2.0 technologies, subsea production equipment, and inspection, maintenance, and repair services, with contracts that may extend from 20 to 30 years after equipment installation. In addition, it operates the Surface Technologies segment, which serves markets including the Middle East, North America, and international markets, with a stated focus on the highest-return customers, regions, and technologies.
In fiscal 2026 quarter 2, revenue reached $2.8 billion, net income was $362.7 million, and earnings per share were approximately $0.90 according to EDGAR data. Adjusted earnings before interest, taxes, depreciation, and amortization were $601 million, excluding a foreign exchange loss of $19 million, with a margin of 21.8%, while free cash flow reached $488 million. The provided data does not include a gross profit or gross margin figure, so the profitability assessment here reflects net income and adjusted earnings before interest, taxes, depreciation, and amortization margins.
Subsea generated approximately $2.5 billion, or about 89% of fiscal 2026 quarter 2 revenue, and delivered adjusted earnings before interest, taxes, depreciation, and amortization of $577 million at a margin of 23.2%, supported by iEPCI project activity in the North Sea and the Mediterranean Sea. Surface Technologies recorded revenue of $276 million, adjusted earnings of $50 million, and a margin of 18.1%, despite revenue declining 3% compared with fiscal 2026 quarter 1 because of lower activity in the Middle East and North America.
The analyst consensus is “Buy,” with an average price target of $78.25 and a range of $70 to $83. The average is only a limited distance from the 52-week range high of $80.55, while the highest target slightly exceeds that high. The price-to-earnings ratio of 24.5 times, as reported in July 31, 2026 data, reflects strong growth expectations, but it increases valuation sensitivity to any delay in Subsea orders or a shortfall against the fiscal 2026 adjusted earnings outlook of $2.19 billion.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
Subsea was the primary driver, with revenue of $2.5 billion out of a total $2.8 billion in fiscal 2026 quarter 2. Its revenue increased 13% compared with the previous quarter, supported by iEPCI project activity in the North Sea and the Mediterranean Sea. Its adjusted earnings before interest, taxes, depreciation, and amortization also rose 31% to $577 million, and the margin reached 23.2%.
The company recorded $2.5 billion in Subsea orders in fiscal 2026 quarter 2, bringing the first-half total to $4.4 billion. On July 30, 2026, management said it saw stronger order momentum in the second half and a clear line of sight to the $10 billion target. Opportunities include tiebacks and short-cycle brownfield projects in fiscal 2026, ahead of the return of larger offshore greenfield projects in fiscal 2027.
iEPCI combines engineering, procurement, construction, and installation in an integrated model intended to reduce cycle time and accelerate first production. Subsea 2.0 represents approximately 80% of new orders and approximately 50% of revenue, meaning a significant portion of orders has not yet converted into revenue. During the July 30, 2026 call, management explained that it is working on iEPCI 2.0 to manufacture water-column and installation components in a more standardized way, but it did not specify a precise commercial launch date.
Automated analysis for informational purposes only — not investment advice.
The company generated free cash flow of $488 million in fiscal 2026 quarter 2. During the same quarter, it repurchased $420 million of shares and paid $20 million in dividends, for a total of $440 million. Total capital returned to shareholders in the first half of fiscal 2026 reached $725 million, or 95% of free cash flow for the period.
Surface Technologies revenue was approximately $276 million in fiscal 2026 quarter 2, down 3% compared with quarter 1. The company attributed this to lower activity in the Middle East because of the ongoing conflict and weaker activity in North America, partially offset by other international markets. Management expects annual revenue to be closer to the low end of its guidance range and an adjusted margin of approximately 17.5% in quarter 3 versus 18.1% in quarter 2.
The analyst consensus classification in the provided data is “Buy,” with an average price target of $78.25. The target range extends from $70 to $83, compared with a 52-week range of $35.29 to $80.55. The average target is close to the annual high, while the highest target exceeds that high. Meanwhile, the price-to-earnings ratio of 24.5 times makes achieving order and margin expectations an important factor in justifying the valuation.
