TechnipFMC vs NOV
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The short version
- TechnipFMC is the larger business, with $9.9B of revenue in fiscal 2025 against $8.7B for NOV.
- TechnipFMC grew revenue faster (9.4%, against −1.4%).
- TechnipFMC kept more of each dollar of sales as operating profit (14.5% operating margin, against 5.7%).
- TechnipFMC turned more of its sales into free cash flow (14.6% FCF margin, against 10.0%).
- TechnipFMC earned a higher return on the capital invested in it (37.2%, against 3.5%).
- Investors pay more for each dollar of NOV’s earnings: a P/E of 79.0x against 24.3x for TechnipFMC.
| Latest fiscal year | FTI · FY25 | NOV · FY25 |
|---|---|---|
| Size | ||
| Market cap | $28.3B | $7.2B |
| Revenue | $9.9B | $8.7B |
| Free cash flow | $1.4B | $876M |
| Net income | $964M | $145M |
| Growth | ||
| Revenue growth | 9.4% | −1.4% |
| 5-year growth | 8.8% | 7.5% |
| Share count change | −4.7% | −5.3% |
| Profitability | ||
| Gross margin | — | 20.2% |
| Operating margin | 14.5% | 5.7% |
| Net margin | 9.7% | 1.7% |
| FCF margin | 14.6% | 10.0% |
| Return on capital | 37.2% | 3.5% |
| Return on equity | 29.9% | 2.3% |
| Balance sheet | ||
| Net debt | −$510M | $428M |
| Net debt / EBITDA | −0.3x | 0.5x |
| Dividends and buybacks | $1.0B | $505M |
| Valuation & quality | ||
| P/E | 24.3x | 79.0x |
| Piotroski F-score | 8 | 5 |
Revenue
FY16
FTI $9.2B
NOV $7.3B
FY17
FTI $15.1B
NOV $7.3B
FY18
FTI $12.6B
NOV $8.5B
FY19
FTI $7.0B
NOV $8.5B
FY20
FTI $6.5B
NOV $6.1B
FY21
FTI $6.4B
NOV $5.5B
FY22
FTI $6.7B
NOV $7.2B
FY23
FTI $7.8B
NOV $8.6B
FY24
FTI $9.1B
NOV $8.9B
FY25
FTI $9.9B
NOV $8.7B
FTI
NOV
Operating margin
FY16
FTI 8.3%
NOV −33.3%
FY17
FTI 9.0%
NOV −3.8%
FY18
FTI −4.2%
NOV 2.5%
FY19
FTI −30.3%
NOV −74.1%
FY20
FTI −49.7%
NOV −39.8%
FY21
FTI 2.9%
NOV −2.4%
FY22
FTI 5.6%
NOV 3.7%
FY23
FTI 8.4%
NOV 7.6%
FY24
FTI 12.7%
NOV 9.9%
FY25
FTI 14.5%
NOV 5.7%
FTI
NOV
Free cash flow
FY16
FTI $181M
NOV $676M
FY17
FTI −$45.0M
NOV $640M
FY18
FTI −$554M
NOV $277M
FY19
FTI $436M
NOV $481M
FY20
FTI $401M
NOV $700M
FY21
FTI $590M
NOV $90.0M
FY22
FTI $194M
NOV −$393M
FY23
FTI $468M
NOV −$140M
FY24
FTI $679M
NOV $953M
FY25
FTI $1.4B
NOV $876M
FTI
NOV
Return on capital
FY16
FTI —
NOV −11.2%
FY17
FTI 11.5%
NOV −1.4%
FY18
FTI −4.3%
NOV 0.7%
FY19
FTI −16.9%
NOV −40.8%
FY20
FTI −30.1%
NOV −26.2%
FY21
FTI 1.7%
NOV −1.9%
FY22
FTI 4.8%
NOV 3.0%
FY23
FTI 9.4%
NOV 9.7%
FY24
FTI 33.1%
NOV 9.2%
FY25
FTI 37.2%
NOV 3.5%
FTI
NOV
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.