Services — Cost of product and service revenue
TechnipFMC Services — Cost of product and service revenue decreased by 18.3% to $1.01B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 7.8%, from $1.09B to $1.01B. Over 4 years (FY 2021 to FY 2025), Services — Cost of product and service revenue shows an upward trend with a 11.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to revenue suggests margin compression due to rising labor costs, operational inefficiencies, or project execution challenges. A decrease relative to revenue typically signals improved operational leverage and better cost management in service delivery.
Detailed definition
This metric measures the direct costs associated with delivering technical services, including labor, specialized equipm...
Peer comparison
Comparable to 'Cost of Services' or 'Service Cost of Sales' reported by peers in the energy equipment and services sector.
fti_segment_services_cost_of_product_and_service_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $833.30M | $761.40M | $746.20M | $831.10M | $773.30M | $684.10M | $753.70M | $802.00M | $870.50M | $916.60M | $836.20M | $1.02B | $1.11B | $1.20B | $1.29B | $1.09B | $1.12B | $1.26B | $1.23B | $1.01B |
| QoQ Change | — | -8.6% | -2.0% | +11.4% | -7.0% | -11.5% | +10.2% | +6.4% | +8.5% | +5.3% | -8.8% | +21.9% | +9.1% | +7.8% | +7.3% | -15.3% | +2.4% | +12.7% | -2.3% | -18.3% |
| YoY Change | — | — | — | — | -7.2% | -10.2% | +1.0% | -3.5% | +12.6% | +34.0% | +10.9% | +27.1% | +27.8% | +30.8% | +53.9% | +7.0% | +0.4% | +5.0% | -4.4% | -7.8% |
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Frequently Asked Questions
- What is TechnipFMC's services — cost of product and service revenue?
- TechnipFMC (FTI) reported services — cost of product and service revenue of $1.01B in Q1 2026.
- How has TechnipFMC's services — cost of product and service revenue changed year-over-year?
- TechnipFMC's services — cost of product and service revenue decreased by 7.8% year-over-year, from $1.09B to $1.01B.
- What is the long-term trend for TechnipFMC's services — cost of product and service revenue?
- Over 4 years (2021 to 2025), TechnipFMC's services — cost of product and service revenue has grown at a 11.1% compound annual growth rate (CAGR), from $3.08B to $4.70B.
- What does services — cost of product and service revenue mean?
- The direct costs incurred to deliver technical and maintenance services to customers.