
TechnipFMC Revenue Climbs 16% to $9.1B on Subsea Surge and Tax Relief
TechnipFMC plcDescription
What this story covers
TechnipFMC's 2024 10-K shows 16% revenue growth to $9.1B, driven by Subsea's 22% rise and iEPCI. Margins hit 19%, net income $843M with 9% tax rate from US allowance releases. Backlog up 9% to $14.4B; free cash flow $679M funds $486M returns. Surface dips offset by Middle East gains post-$186M divestiture. Risks include oil volatility, geopolitics, and estimates. Energy transition expands opportunities.
Story snapshot
CompanyTechnipFMC plc
TickerFTI
VariantStandard detailed
Duration12:29
Filing type10-K
PeriodAnnual 2024
IndustryEnergy
Accession0001681459-25-000036
Full Story Script
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