TechnipFMC vs Schlumberger
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The short version
- Schlumberger is the larger business, with $35.7B of revenue in fiscal 2025 against $9.9B for TechnipFMC, about 3.6 times as much.
- TechnipFMC grew revenue faster (9.4%, against −1.6%).
- TechnipFMC turned more of its sales into free cash flow (14.6% FCF margin, against 13.4%).
- TechnipFMC earned a higher return on the capital invested in it (37.2%, against 12.7%).
- Investors pay more for each dollar of Schlumberger’s earnings: a P/E of 25.6x against 24.3x for TechnipFMC.
| Latest fiscal year | FTI · FY25 | SLB · FY25 |
|---|---|---|
| Size | ||
| Market cap | $28.3B | $79.9B |
| Revenue | $9.9B | $35.7B |
| Free cash flow | $1.4B | $4.8B |
| Net income | $964M | $3.4B |
| Growth | ||
| Revenue growth | 9.4% | −1.6% |
| 5-year growth | 8.8% | 8.6% |
| Share count change | −4.7% | 0.1% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 14.5% | — |
| Net margin | 9.7% | 9.5% |
| FCF margin | 14.6% | 13.4% |
| Return on capital | 37.2% | 12.7% |
| Return on equity | 29.9% | 14.3% |
| Balance sheet | ||
| Net debt | −$510M | $5.5B |
| Net debt / EBITDA | −0.3x | 0.7x |
| Dividends and buybacks | $1.0B | $4.0B |
| Valuation & quality | ||
| P/E | 24.3x | 25.6x |
| Piotroski F-score | 8 | 4 |
FY16
FTI $9.2B
SLB $27.8B
FY17
FTI $15.1B
SLB $30.4B
FY18
FTI $12.6B
SLB $32.8B
FY19
FTI $7.0B
SLB $32.9B
FY20
FTI $6.5B
SLB $23.6B
FY21
FTI $6.4B
SLB $22.9B
FY22
FTI $6.7B
SLB $28.1B
FY23
FTI $7.8B
SLB $33.1B
FY24
FTI $9.1B
SLB $36.3B
FY25
FTI $9.9B
SLB $35.7B
FTI
SLB
FY16
FTI 8.3%
SLB 11.8%
FY17
FTI 9.0%
SLB 12.9%
FY18
FTI −4.2%
SLB 12.8%
FY19
FTI −30.3%
SLB 12.1%
FY20
FTI −49.7%
SLB 10.2%
FY21
FTI 2.9%
SLB 14.7%
FY22
FTI 5.6%
SLB 17.8%
FY23
FTI 8.4%
SLB 19.7%
FY24
FTI 12.7%
SLB —
FY25
FTI 14.5%
SLB —
FTI
SLB
FY16
FTI $181M
SLB $4.2B
FY17
FTI −$45.0M
SLB $3.6B
FY18
FTI −$554M
SLB $3.6B
FY19
FTI $436M
SLB $3.7B
FY20
FTI $401M
SLB $1.8B
FY21
FTI $590M
SLB $3.5B
FY22
FTI $194M
SLB $2.1B
FY23
FTI $468M
SLB $4.7B
FY24
FTI $679M
SLB $4.7B
FY25
FTI $1.4B
SLB $4.8B
FTI
SLB
FY16
FTI —
SLB 5.5%
FY17
FTI 11.5%
SLB —
FY18
FTI −4.3%
SLB —
FY19
FTI −16.9%
SLB 7.4%
FY20
FTI −30.1%
SLB 6.1%
FY21
FTI 1.7%
SLB 10.7%
FY22
FTI 4.8%
SLB 16.0%
FY23
FTI 9.4%
SLB 19.6%
FY24
FTI 33.1%
SLB 17.5%
FY25
FTI 37.2%
SLB 12.7%
FTI
SLB
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.