TacticScaleWhat TechnipFMC Does & How It Makes Money (FTI)
Updated October 2026 · reflects TechnipFMC's latest reported financials
Engineering and equipment supplier for offshore and onshore oil and gas projects. It earns revenue from engineering, procurement, manufacturing and installation contracts on oil and gas projects, and from selling equipment.
How TechnipFMC makes money
It earns revenue from engineering, procurement, manufacturing and installation contracts on oil and gas projects, and from selling equipment. It also earns service income across a field's life, including maintenance, intervention, integrity work, decommissioning and plug-and-abandonment.
What TechnipFMC does
TechnipFMC plc is a UK-headquartered oil and gas technology and services company founded in 1884. It works through two segments. Subsea covers design, engineering, procurement, manufacturing, installation and life-of-field services for subsea production systems, field infrastructure and pipeline systems, supported by vessels, robotics and its Subsea Studio digital platform. Surface Technologies supplies wellheads, production trees, fracturing systems, flexible pipes, valves, metering and processing equipment for land and shallow-water production. The company also provides services from planning, testing and commissioning through maintenance, intervention, decommissioning and abandonment, so it stays involved across a field's full life. It operates in Europe, Central Asia, the Americas, Asia Pacific, Africa and the Middle East.
Products & services
- Subsea production and processing systems
- Subsea umbilicals, risers and flowlines
- iComplete pressure control system
- Surface wellheads and production trees
- Fracturing tree and manifold systems
- Subsea Studio digital platform
What is TechnipFMC worth?
On an owner-earnings DCF, TechnipFMC's most-likely value is about $54 versus a recent price near $70 (23% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$28) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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