What is TechnipFMC's subsea — cost of sales?

TechnipFMC (FTI) reported subsea — cost of sales of $1.69B in Q1 2026.

How has TechnipFMC's subsea — cost of sales changed year-over-year?

TechnipFMC's subsea — cost of sales increased by 10.0% year-over-year, from $1.54B to $1.69B.

What is the long-term trend for TechnipFMC's subsea — cost of sales?

Over 3 years (2022 to 2025), TechnipFMC's subsea — cost of sales has grown at a 12.4% compound annual growth rate (CAGR), from $4.77B to $6.77B.

What does subsea — cost of sales mean?

Direct costs associated with the production, delivery, and installation of subsea equipment and services. This includes materials, labor, and project-specific overhead required to fulfill subsea contracts.

TechnipFMC FTI Subsea — Cost of Sales

Other segment segments

Surface Technologies

$222.6M-5.9%

Similar metrics at other companies

OIISubsea Robotics — Cost of services and products

$135.34M-0.1%

OIISubsea Robotics Member — Cost of services and products

$144.33M+8.1%

OIISubsea Robotics — Selling, general and administrative expense

$14.18M+7.2%

OIISubsea Robotics Member — Selling, general and administrative expense

$14.43M+12.9%

SSRMSeabee — Cost of Sales

$21.25M-8.1%

GSATSubscriber equipment sales — Cost of goods and services

$2.47M+20.5%

Other financials

Income statement

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Revenue$2.5B+11.6%

Gross profit$586.5M+18.9%

Operating income$386.1M+38.8%

Net income$260.5M+83.5%

EPS (diluted)$0.64+93.9%

Balance sheet

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Cash & equivalents$960.8M-19.0%

Total debt$1.3B-24.4%

Total equity$3.4B+9.5%

Total assets$10.1B+1.1%

Cash flow

See full

Operating cash flow$332.5M-24.7%

CapEx$55.6M-10.0%

Free cash flow$276.9M-27.1%

Valuation

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Market cap$25.69B+80.0%

Enterprise value$26.04B+75.3%

P/E23.7×+8.1×

P/S2.5×+1.0×

Profitability

See full

Gross margin83.5%—

Operating margin1.2%—

Net margin10.6%+1.7pp

FCF margin13.2%-0.2pp

Returns & leverage

See full

Return on equity33.6%+6.4pp

Debt / equity0.4×-0.2×

Current ratio1.1×+0.1×

Where this comes from

Reported directly by TechnipFMC in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The official record: TechnipFMC’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is TechnipFMC's subsea — cost of sales?: TechnipFMC (FTI) reported subsea — cost of sales of $1.69B in Q1 2026.
How has TechnipFMC's subsea — cost of sales changed year-over-year?: TechnipFMC's subsea — cost of sales increased by 10.0% year-over-year, from $1.54B to $1.69B.
What is the long-term trend for TechnipFMC's subsea — cost of sales?: Over 3 years (2022 to 2025), TechnipFMC's subsea — cost of sales has grown at a 12.4% compound annual growth rate (CAGR), from $4.77B to $6.77B.
What does subsea — cost of sales mean?: Direct costs associated with the production, delivery, and installation of subsea equipment and services. This includes materials, labor, and project-specific overhead required to fulfill subsea contracts.