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TechnipFMC FTI Subsea — Research and development expense

Other segment segments

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$1.1M+37.5%

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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

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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+85.1%
Enterprise value$26.04B+80.2%
P/E23.7×+8.5×
P/S2.5×+1.1×

Profitability

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Gross margin83.5%
Operating margin1.2%
Net margin10.6%+1.7pp
FCF margin13.2%-0.2pp

Returns & leverage

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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:ResearchAndDevelopmentExpense.

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 — research and development expense?
TechnipFMC (FTI) reported subsea — research and development expense of $16.7M in Q1 2026.
How has TechnipFMC's subsea — research and development expense changed year-over-year?
TechnipFMC's subsea — research and development expense decreased by 8.7% year-over-year, from $18.3M to $16.7M.
What is the long-term trend for TechnipFMC's subsea — research and development expense?
Over 4 years (2021 to 2025), TechnipFMC's subsea — research and development expense has grown at a 1.5% compound annual growth rate (CAGR), from $73.2M to $77.7M.
What does subsea — research and development expense mean?
Costs incurred by the subsea segment to develop new technologies, improve existing subsea equipment, or innovate engineering processes. This is a critical investment for maintaining competitive advantage in the offshore market.