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TechnipFMC Business Segments

Business, geographic, and product segment breakdowns

TechnipFMC generates $10.2B in annual revenue across 2 key segments: Subsea ($116.8M), and Surface Technologies ($190.0M). The company-wide operating margin is 14.78%. Based on the Q1 2026 filing.

Subsea (TTM)$116.8MSurface Technologies (TTM)$190.0M
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$28.1B
P/E Ratio26.01
ROE33.65%

Products & Services

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Revenue$1.5B$1.3B$1.5B$1.6B$1.3B$1.2B
Cost of product and service revenue$1.3B$1.1B$1.1B$1.3B$1.2B$1B

Geographic

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Latin America$498.8M$648.9M$879.8M$884.3M$780.3M$899.6M
Europe and Central Asia$496.6M$510M$701.9M$583.1M$524.8M$477.3M
Africa$439.9M$259.5M$261.7M$394.1M$384.2M$413.4M
North America$529.5M$407.6M$359.9M$414.9M$386.9M$395.3M
Asia Pacific$189.2M$273.2M$136.2M$183.6M$241.2M$157.3M
Middle East$213.3M$134.4M$195.2M$187.3M$199.6M$149.8M

Total long-lived assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
All other countries$341.9M———$427.9M—

Business Segments

Aggregate transaction price allocated to order backlog

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Subsea$5.5B$14.9B$15.8B$16B$6B$15.8B
Surface Technologies$524.1M$870.4M$835.9M$775.4M$403.9M$667.6M

Capital Expenditures

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Subsea$100.6M$51.6M$54.3M$56.5M$104.8M$45.2M
Surface Technologies$15.9M$6.8M$14.4M$15.1M$11.3M$7.9M

Concentration (percent)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Subsea4.5%3.9%3.9%3.9%3.9%—

Cost of Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Subsea$1.7B$1.5B$1.7B$1.8B$1.7B$1.7B
Surface Technologies$250.6M$236.6M$247.4M$260.2M$241.9M$222.6M

Depreciation and Amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Subsea$95.5M$86.5M$104.4M$102.5M$93.7M$91.8M
Surface Technologies$11.2M$15.7M$10.7M$15.7M$12.1M$11.7M

Income from equity affiliates (Note 9)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Subsea$9.3M$9.4M$10.3M$9.8M$17.5M$4.5M

Lease revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Surface Technologies$38.5M$43.6M$45M$46.2M$51.9M$46.9M
Subsea$19M$17.8M$28.4M$33.6M$25.6M$29.2M

Other segment items

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Subsea$103.8M$148.4M$135.2M$131M$181.7M$165.1M
Surface Technologies$32.3M$30.6M$47.6M$31.1M$34.6M$24.6M

Research and development expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Subsea$24.1M$18.3M$12.8M$20.9M$25.7M$16.7M
Surface Technologies$1.1M$800K$1.3M$1.6M$1.7M$1.1M

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Subsea$2B$1.9B$2.2B$2.3B$2.2B$2.2B
Surface Technologies$319.4M$297.4M$318.4M$328.1M$322.8M$284.3M

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Subsea$6.9B$6.8B$7.2B$7.2B$6.9B$7.2B
Surface Technologies$1.2B$1.2B$1.2B$1.2B$1.1B$1.2B

Total segment operating profit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Subsea$230M$247.9M$380.3M$401.3M$269.9M$349M
Surface Technologies$36.5M$30.2M$23.4M$36.8M$46.3M$37.1M