TechnipFMC PLC
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of TechnipFMC PLC (FTI). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Subsea | $5.47B 83.8% | $5.33B 83.2% · -2.6% | $5.46B 81.5% · +2.5% | $6.43B 82.2% · +17.8% | $7.82B 86.1% · +21.5% | $8.67B 87.2% · +10.8% |
| Surface Technologies | $1.06B 16.2% | $1.07B 16.8% · +1.4% | $1.24B 18.5% · +15.3% | $1.39B 17.8% · +12.1% | $1.26B 13.9% · -9.1% | $1.27B 12.8% · +0.3% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Subsea | – | – | $317.6M 5.8% | – | – | – |
| Surface Technologies | – | – | $58.3M 4.7% | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Brazil | $600.6M 9.2% | $767.8M 12.0% · +27.8% | $1.05B 15.6% · +36.4% | $1.69B 21.6% · +61.1% | $1.71B 18.8% · +1.4% | $2.16B 21.7% · +26.2% |
| United States | $1.32B 20.2% | $1.14B 17.8% · -13.9% | $1.35B 20.1% · +18.6% | $1.57B 20.1% · +16.4% | $1.77B 19.4% · +12.5% | $1.44B 14.5% · -18.7% |
| Norway | $1.22B 18.6% | $979.9M 15.3% · -19.5% | $907.6M 13.5% · -7.4% | $1.13B 14.5% · +25.0% | $1.15B 12.7% · +1.5% | $1.38B 13.8% · +19.5% |
| United Kingdom | $489.0M 7.5% | $542.5M 8.5% · +10.9% | $710.3M 10.6% · +30.9% | $867.2M 11.1% · +22.1% | $863.0M 9.5% · -0.5% | $840.2M 8.5% · -2.6% |
| All other countries | $573.0M 8.8% | $611.1M 9.5% · +6.6% | $700.3M 10.5% · +14.6% | $912.9M 11.7% · +30.4% | $756.1M 8.3% · -17.2% | $768.2M 7.7% · +1.6% |
| Guyana | $330.1M 5.1% | $314.7M 4.9% · -4.7% | $369.1M 5.5% · +17.3% | $500.4M 6.4% · +35.6% | $795.7M 8.8% · +59.0% | $748.9M 7.5% · -5.9% |
| Angola | $482.8M 7.4% | $406.3M 6.3% · -15.8% | $247.9M 3.7% · -39.0% | $400.8M 5.1% · +61.7% | $829.6M 9.1% · +107.0% | $535.6M 5.4% · -35.4% |
| Australia | $122.5M 1.9% | $419.8M 6.6% · +242.7% | $295.4M 4.4% · -29.6% | $174.6M 2.2% · -40.9% | $350.0M 3.9% · +100.5% | $390.8M 3.9% · +11.7% |
| Nigeria | – | – | – | $54.4M 0.7% | $113.5M 1.2% · +108.6% | $326.9M 3.3% · +188.0% |
| Indonesia | $280.0M 4.3% | $224.9M 3.5% · -19.7% | $42.6M 0.6% · -81.1% | $50.0M 0.6% · +17.4% | $168.8M 1.9% · +237.6% | $325.7M 3.3% · +93.0% |
| Israel | $179.3M 2.7% | – | $117.3M 1.8% | $8.8M 0.1% · -92.5% | $90.3M 1.0% · +926.1% | $268.0M 2.7% · +196.8% |
| Mozambique | $320.4M 4.9% | $472.0M 7.4% · +47.3% | $284.4M 4.2% · -39.7% | $153.6M 2.0% · -46.0% | $97.7M 1.1% · -36.4% | $216.7M 2.2% · +121.8% |
| United Arab Emirates | $39.2M 0.6% | $49.4M 0.8% · +26.0% | $117.8M 1.8% · +138.5% | $161.4M 2.1% · +37.0% | $195.0M 2.1% · +20.8% | $214.3M 2.2% · +9.9% |
| Saudi Arabia | – | $119.5M 1.9% | $98.8M 1.5% · -17.3% | $148.9M 1.9% · +50.7% | $188.2M 2.1% · +26.4% | $196.1M 2.0% · +4.2% |
| Suriname | – | – | – | $0 0.0% | $7.4M 0.1% | $131.5M 1.3% · +1,677.0% |
| Malaysia | $190.0M 2.9% | $206.9M 3.2% · +8.9% | $228.5M 3.4% · +10.4% | – | – | – |
| Ghana | $34.0M 0.5% | $73.4M 1.1% · +115.9% | $184.7M 2.8% · +151.6% | – | – | – |
| Singapore | $219.9M 3.4% | – | – | – | – | – |
| India | $26.8M 0.4% | – | – | – | – | – |
| Trinidad | $106.3M 1.6% | $78.1M 1.2% · -26.5% | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.