TechnipFMC, a global leader in energy projects, has announced its fourth-quarter and full-year 2025 results. In the fourth quarter of 2025, the company reported a revenue of $2,517 million, a 4.9% decrease from the previous quarter and a 6.3% increase year-over-year. Net income for the quarter was $242.7 million, down 21.6% sequentially but up 8.0% year-over-year. Adjusted EBITDA was $440.5 million, representing a 15.1% decrease from the previous quarter and a significant 25.5% increase year-over-year.
For the full year 2025, TechnipFMC reported a revenue of $9,932.6 million, a 9.4% increase from the previous year. Net income for the full year was $963.9 million, marking a 14.4% year-over-year increase. Adjusted EBITDA for the full year was $1,824.1 million, reflecting a remarkable 35.0% increase from the previous year.
The company's inbound orders for the fourth quarter were $2,588.0 million, down 2.3% sequentially and 11.5% year-over-year. However, the ending backlog for the same period stood at $16,571.6 million, indicating a 15.3% increase from the previous year.
In the subsea segment, fourth-quarter revenue was $2,194.2 million, a 5.4% decrease from the previous quarter but a 7.1% increase year-over-year. Operating profit for the subsea segment was $269.9 million, down 32.7% sequentially but up 17.3% year-over-year. The segment's adjusted EBITDA was $415.6 million, reflecting a 17.8% decrease from the previous quarter but a 22.7% increase year-over-year.
In the surface technologies segment, fourth-quarter revenue was $322.8 million, down 1.6% sequentially but up 1.1% year-over-year. Operating profit for this segment was $46.3 million, up 25.8% sequentially and 26.8% year-over-year. The segment's adjusted EBITDA was $58.2 million, up 8.2% sequentially and 8.8% year-over-year.
The company's full-year 2026 guidance includes an increase in the subsea revenue range to $9.2 * 9.6 billion, up from the previous guidance range of $9.1 * 9.5 billion. Additionally, the subsea adjusted EBITDA margin is now expected to be in the range of 21 * 22%, an increase from the previous guidance range of 20.5 * 22%.
TechnipFMC's chair and CEO, Doug Pferdehirt, expressed pride in the strong quarterly and full-year results, highlighting the company's operational momentum and significant growth in backlog, driven by a total company inbound of $11.2 billion for the year. He also acknowledged the company's exceptional performance and the efforts of its global workforce.
The press release also detailed the company's operational and financial highlights, including corporate expenses, foreign exchange gains, net interest expenses, and shareholder distributions. TechnipFMC ended the period with cash and cash equivalents of $1,031.9 million, representing a sequential increase to $601.9 million in net cash.
These figures and highlights underscore TechnipFMC's financial performance and strategic outlook, positioning the company for continued growth and success in the energy sector. The market has reacted to these announcements by moving the company's shares -0.29% to a price of $52.16. Check out the company's full 8-K submission here.
