Does TechnipFMC plc have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores TechnipFMC plc (FTI) 48.3 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 6, returns on capital 25, balance-sheet safety 94, capital discipline 100.

Is FTI stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 4% assumed growth, capped at 4%), estimated intrinsic value is $9.38 per share versus a recent price of $72.07 — 668% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has FTI's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 48.3 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

TechnipFMC plc

FTI · Industrials · $28.9B mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power6

Median gross margin 19.0% over 5y, variable.

Returns on capital25

Median ROIC 7.6%, above the 9% hurdle in 40% of years.

Balance-sheet safety94

Net cash position — no leverage risk.

Capital discipline100

Owner earnings +12.0%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

668% above value

Owner earnings (normalized): $208.8M
Est. intrinsic value / share: $9.38
Recent price: $72.07
Discount to value: 668% above value

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

12 years of fundamentals

The business, in plain English

Across the filed record, revenue shrank from $11.5B (FY2015) to $9.9B (FY2025) — about −1.4% a year compounded over 10 years.

It earned 39.6% on invested capital in FY2025, with a median of 7.6% across 10 filed years. The Returns on Capital filter above scores it 25/100.

The balance sheet carried $430.0M of total debt in FY2025 against $1.1B of owner earnings — roughly 0.4 years of owner earnings to retire it all. Balance-Sheet Safety scores it 94/100.

The share count rose 40069999900.0% between FY2015 and FY2025 — existing owners have been diluted over the record. Capital Discipline scores it 100/100.

Put together: Capital Discipline is the strongest of the four filters (100/100) and Pricing Power the weakest (6/100), which is how FTI lands at 48/100 — a Shallow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

RevenueSales, as filed$9.9B FY2025

Gross marginRevenue kept after cost of goods19.0% FY2024

Return on invested capitalOperating profit on the capital employed39.6% FY2025

Owner earningsCash an owner could take out$1.1B FY2025

Gaps in a line mean that item isn’t in FTI’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale48.3 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — FTI has read Shallow moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Industrials context

#116 of 309 scored Industrials companies, ranked by Moat Score.

Nearest peers by Moat Score

#114STRL Sterling Infrastructure, Inc.48.5 out of 100, Shallow moatShallow moat
#115AENT ALLIANCE ENTERTAINMENT HOLDING CORP48.4 out of 100, Shallow moatShallow moat
#117HDSN HUDSON TECHNOLOGIES INC /NY48.1 out of 100, Shallow moatShallow moat
#118GRC The Gorman-Rupp Company47.8 out of 100, Shallow moatShallow moat

Compare FTI with its nearest peers →All Industrials companies on the Index →

Common questions about FTI

Does TechnipFMC plc have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores TechnipFMC plc (FTI) 48.3 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 6, returns on capital 25, balance-sheet safety 94, capital discipline 100.
Is FTI stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 4% assumed growth, capped at 4%), estimated intrinsic value is $9.38 per share versus a recent price of $72.07 — 668% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has FTI's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 48.3 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell FTI. See the disclaimer.