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Side-by-side financial comparison of TechnipFMC plc (FTI) and PPL Corporation (PPL). Click either name above to swap in a different company.

TechnipFMC plc is the larger business by last-quarter revenue ($2.5B vs $2.3B, roughly 1.1× PPL Corporation). PPL Corporation runs the higher net margin — 11.3% vs 9.6%, a 1.7% gap on every dollar of revenue. On growth, PPL Corporation posted the faster year-over-year revenue change (7.2% vs 6.3%). TechnipFMC plc produced more free cash flow last quarter ($359.1M vs $-614.0M). Over the past eight quarters, TechnipFMC plc's revenue compounded faster (11.0% CAGR vs 1.0%).

TechnipFMC plc is a French-American, UK-domiciled global oil and gas company that provides services for the energy industry. The company was formed by the merger of FMC Technologies of the United States and Technip of France that was announced in 2016 and completed in 2017.

PPL Corporation is a leading US-based energy utility holding company headquartered in Allentown, Pennsylvania. It delivers electricity and natural gas to approximately 3.5 million residential, commercial and industrial customers across Pennsylvania, Kentucky and Rhode Island, with core focuses on grid modernization, affordable clean energy transition, and reliable sustainable energy services for local communities.

FTI vs PPL — Head-to-Head

Bigger by revenue
FTI
FTI
1.1× larger
FTI
$2.5B
$2.3B
PPL
Growing faster (revenue YoY)
PPL
PPL
+0.9% gap
PPL
7.2%
6.3%
FTI
Higher net margin
PPL
PPL
1.7% more per $
PPL
11.3%
9.6%
FTI
More free cash flow
FTI
FTI
$973.1M more FCF
FTI
$359.1M
$-614.0M
PPL
Faster 2-yr revenue CAGR
FTI
FTI
Annualised
FTI
11.0%
1.0%
PPL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FTI
FTI
PPL
PPL
Revenue
$2.5B
$2.3B
Net Profit
$242.7M
$266.0M
Gross Margin
Operating Margin
12.6%
20.3%
Net Margin
9.6%
11.3%
Revenue YoY
6.3%
7.2%
Net Profit YoY
8.0%
50.3%
EPS (diluted)
$0.58
$0.35

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FTI
FTI
PPL
PPL
Q4 25
$2.5B
$2.3B
Q3 25
$2.6B
$2.2B
Q2 25
$2.5B
$2.0B
Q1 25
$2.2B
$2.5B
Q4 24
$2.4B
$2.2B
Q3 24
$2.3B
$2.1B
Q2 24
$2.3B
$1.9B
Q1 24
$2.0B
$2.3B
Net Profit
FTI
FTI
PPL
PPL
Q4 25
$242.7M
$266.0M
Q3 25
$309.7M
$318.0M
Q2 25
$269.5M
$183.0M
Q1 25
$142.0M
$414.0M
Q4 24
$224.7M
$177.0M
Q3 24
$274.6M
$214.0M
Q2 24
$186.5M
$190.0M
Q1 24
$157.1M
$307.0M
Gross Margin
FTI
FTI
PPL
PPL
Q4 25
Q3 25
Q2 25
23.1%
Q1 25
20.5%
Q4 24
Q3 24
Q2 24
21.2%
Q1 24
16.4%
Operating Margin
FTI
FTI
PPL
PPL
Q4 25
12.6%
20.3%
Q3 25
16.5%
25.4%
Q2 25
15.9%
19.9%
Q1 25
12.5%
26.6%
Q4 24
11.3%
17.2%
Q3 24
13.7%
20.6%
Q2 24
13.3%
20.8%
Q1 24
12.7%
23.7%
Net Margin
FTI
FTI
PPL
PPL
Q4 25
9.6%
11.3%
Q3 25
11.7%
14.2%
Q2 25
10.6%
9.0%
Q1 25
6.4%
16.3%
Q4 24
9.5%
8.1%
Q3 24
11.7%
10.3%
Q2 24
8.0%
10.1%
Q1 24
7.7%
13.3%
EPS (diluted)
FTI
FTI
PPL
PPL
Q4 25
$0.58
$0.35
Q3 25
$0.75
$0.43
Q2 25
$0.64
$0.25
Q1 25
$0.33
$0.56
Q4 24
$0.51
$0.23
Q3 24
$0.63
$0.29
Q2 24
$0.42
$0.26
Q1 24
$0.35
$0.42

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FTI
FTI
PPL
PPL
Cash + ST InvestmentsLiquidity on hand
$1.0B
$1.1B
Total DebtLower is stronger
$430.0M
$18.9B
Stockholders' EquityBook value
$3.4B
$14.9B
Total Assets
$10.1B
$45.2B
Debt / EquityLower = less leverage
0.13×
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FTI
FTI
PPL
PPL
Q4 25
$1.0B
$1.1B
Q3 25
$876.6M
$1.1B
Q2 25
$950.0M
$294.0M
Q1 25
$1.2B
$312.0M
Q4 24
$1.2B
$306.0M
Q3 24
$542.0M
Q2 24
$282.0M
Q1 24
$276.0M
Total Debt
FTI
FTI
PPL
PPL
Q4 25
$430.0M
$18.9B
Q3 25
$438.0M
Q2 25
$696.3M
Q1 25
$904.9M
Q4 24
$885.2M
$16.5B
Q3 24
$966.7M
Q2 24
$968.4M
Q1 24
$1.0B
Stockholders' Equity
FTI
FTI
PPL
PPL
Q4 25
$3.4B
$14.9B
Q3 25
$3.3B
$14.4B
Q2 25
$3.3B
$14.3B
Q1 25
$3.1B
$14.3B
Q4 24
$3.1B
$14.1B
Q3 24
$3.3B
$14.1B
Q2 24
$3.0B
$14.1B
Q1 24
$3.0B
$14.1B
Total Assets
FTI
FTI
PPL
PPL
Q4 25
$10.1B
$45.2B
Q3 25
$10.3B
$43.9B
Q2 25
$10.1B
$42.4B
Q1 25
$10.0B
$41.8B
Q4 24
$9.9B
$41.1B
Q3 24
$9.7B
$40.5B
Q2 24
$9.2B
$39.8B
Q1 24
$9.1B
$39.6B
Debt / Equity
FTI
FTI
PPL
PPL
Q4 25
0.13×
1.27×
Q3 25
0.13×
Q2 25
0.21×
Q1 25
0.29×
Q4 24
0.29×
1.17×
Q3 24
0.30×
Q2 24
0.33×
Q1 24
0.34×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FTI
FTI
PPL
PPL
Operating Cash FlowLast quarter
$453.6M
$548.0M
Free Cash FlowOCF − Capex
$359.1M
$-614.0M
FCF MarginFCF / Revenue
14.3%
-26.1%
Capex IntensityCapex / Revenue
3.8%
49.5%
Cash ConversionOCF / Net Profit
1.87×
2.06×
TTM Free Cash FlowTrailing 4 quarters
$1.4B
$-1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FTI
FTI
PPL
PPL
Q4 25
$453.6M
$548.0M
Q3 25
$525.1M
$966.0M
Q2 25
$344.2M
$602.0M
Q1 25
$441.7M
$513.0M
Q4 24
$578.9M
$511.0M
Q3 24
$277.9M
$781.0M
Q2 24
$230.9M
$766.0M
Q1 24
$-126.7M
$282.0M
Free Cash Flow
FTI
FTI
PPL
PPL
Q4 25
$359.1M
$-614.0M
Q3 25
$447.8M
$-179.0M
Q2 25
$260.6M
$-328.0M
Q1 25
$379.9M
$-280.0M
Q4 24
$452.7M
$-349.0M
Q3 24
$225.3M
$102.0M
Q2 24
$180.1M
$96.0M
Q1 24
$-178.7M
$-314.0M
FCF Margin
FTI
FTI
PPL
PPL
Q4 25
14.3%
-26.1%
Q3 25
16.9%
-8.0%
Q2 25
10.3%
-16.1%
Q1 25
17.0%
-11.0%
Q4 24
19.1%
-15.9%
Q3 24
9.6%
4.9%
Q2 24
7.7%
5.1%
Q1 24
-8.8%
-13.6%
Capex Intensity
FTI
FTI
PPL
PPL
Q4 25
3.8%
49.5%
Q3 25
2.9%
51.2%
Q2 25
3.3%
45.6%
Q1 25
2.8%
31.2%
Q4 24
5.3%
39.3%
Q3 24
2.2%
32.7%
Q2 24
2.2%
35.8%
Q1 24
2.5%
25.9%
Cash Conversion
FTI
FTI
PPL
PPL
Q4 25
1.87×
2.06×
Q3 25
1.70×
3.04×
Q2 25
1.28×
3.29×
Q1 25
3.11×
1.24×
Q4 24
2.58×
2.89×
Q3 24
1.01×
3.65×
Q2 24
1.24×
4.03×
Q1 24
-0.81×
0.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FTI
FTI

Services$1.3B52%
Products$1.1B44%
Other$55.1M2%
Surface Technologies$22.4M1%

PPL
PPL

Rhode Island Regulated$539.0M23%
Other$532.0M23%
Residential$451.0M19%
Nonrelated Party$425.0M18%
Transmission$228.0M10%
Commercial$117.0M5%
Wholesale Other$23.0M1%
Industrial$14.0M1%
Related Party$13.0M1%
Wholesale Municipal$6.0M0%

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