What is TechnipFMC's work in process?

TechnipFMC (FTI) reported work in process of $224.1M in Q1 2026.

How has TechnipFMC's work in process changed year-over-year?

TechnipFMC's work in process increased by 5.8% year-over-year, from $211.8M to $224.1M.

What is the long-term trend for TechnipFMC's work in process?

Over 5 years (2020 to 2025), TechnipFMC's work in process has grown at a -2.6% compound annual growth rate (CAGR), from $242.7M to $212.6M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

TechnipFMC FTI Work in process

Work in process at other companies

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$24.72M-16.7%

CactusWHD

$20.04M+37.9%

HalliburtonHAL

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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$26.43B+81.7%

Enterprise value$26.78B+77.0%

P/E24.4×+8.4×

P/S2.6×+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:InventoryWorkInProcessNetOfReserves.

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 work in process?: TechnipFMC (FTI) reported work in process of $224.1M in Q1 2026.
How has TechnipFMC's work in process changed year-over-year?: TechnipFMC's work in process increased by 5.8% year-over-year, from $211.8M to $224.1M.
What is the long-term trend for TechnipFMC's work in process?: Over 5 years (2020 to 2025), TechnipFMC's work in process has grown at a -2.6% compound annual growth rate (CAGR), from $242.7M to $212.6M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.