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Side-by-side financial comparison of TechnipFMC plc (FTI) and S&P Global (SPGI). Click either name above to swap in a different company.

S&P Global is the larger business by last-quarter revenue ($4.2B vs $2.5B, roughly 1.7× TechnipFMC plc). S&P Global runs the higher net margin — 36.1% vs 10.5%, a 25.6% gap on every dollar of revenue. On growth, TechnipFMC plc posted the faster year-over-year revenue change (11.6% vs 10.0%). S&P Global produced more free cash flow last quarter ($919.0M vs $276.9M). Over the past eight quarters, S&P Global's revenue compounded faster (8.4% CAGR vs 3.5%).

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.

S&P Global Inc. is an American publicly traded corporation headquartered in Manhattan, New York. Its primary areas of business are financial information, analytics, and energy and commodities intelligence. It is the parent company of S&P Global Ratings, S&P Global Energy, S&P Global Market Intelligence, S&P Global Mobility, and the Indian credit rating agency CRISIL. It is also the majority owner of the S&P Dow Jones Indices joint venture. "S&P" is a shortening of "Standard and Poor's".

FTI vs SPGI — Head-to-Head

Bigger by revenue
SPGI
SPGI
1.7× larger
SPGI
$4.2B
$2.5B
FTI
Growing faster (revenue YoY)
FTI
FTI
+1.6% gap
FTI
11.6%
10.0%
SPGI
Higher net margin
SPGI
SPGI
25.6% more per $
SPGI
36.1%
10.5%
FTI
More free cash flow
SPGI
SPGI
$642.1M more FCF
SPGI
$919.0M
$276.9M
FTI
Faster 2-yr revenue CAGR
SPGI
SPGI
Annualised
SPGI
8.4%
3.5%
FTI

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FTI
FTI
SPGI
SPGI
Revenue
$2.5B
$4.2B
Net Profit
$260.5M
$1.5B
Gross Margin
Operating Margin
14.0%
48.0%
Net Margin
10.5%
36.1%
Revenue YoY
11.6%
10.0%
Net Profit YoY
7.3%
28.0%
EPS (diluted)
$0.64
$4.69

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
SPGI
SPGI
Q1 26
$2.5B
$4.2B
Q4 25
$2.5B
$3.9B
Q3 25
$2.6B
$3.9B
Q2 25
$2.5B
$3.8B
Q1 25
$2.2B
$3.8B
Q4 24
$2.4B
$3.6B
Q3 24
$2.3B
$3.6B
Q2 24
$2.3B
$3.5B
Net Profit
FTI
FTI
SPGI
SPGI
Q1 26
$260.5M
$1.5B
Q4 25
$242.7M
$1.1B
Q3 25
$309.7M
$1.2B
Q2 25
$269.5M
$1.1B
Q1 25
$142.0M
$1.1B
Q4 24
$224.7M
$879.0M
Q3 24
$274.6M
$971.0M
Q2 24
$186.5M
$1.0B
Gross Margin
FTI
FTI
SPGI
SPGI
Q1 26
Q4 25
70.1%
Q3 25
71.2%
Q2 25
23.1%
70.2%
Q1 25
20.5%
69.5%
Q4 24
69.8%
Q3 24
70.0%
Q2 24
21.2%
69.4%
Operating Margin
FTI
FTI
SPGI
SPGI
Q1 26
14.0%
48.0%
Q4 25
12.6%
42.7%
Q3 25
16.5%
43.1%
Q2 25
15.9%
41.3%
Q1 25
12.5%
41.8%
Q4 24
11.3%
36.4%
Q3 24
13.7%
40.1%
Q2 24
13.3%
40.9%
Net Margin
FTI
FTI
SPGI
SPGI
Q1 26
10.5%
36.1%
Q4 25
9.6%
28.9%
Q3 25
11.7%
30.2%
Q2 25
10.6%
28.5%
Q1 25
6.4%
28.9%
Q4 24
9.5%
24.5%
Q3 24
11.7%
27.2%
Q2 24
8.0%
28.5%
EPS (diluted)
FTI
FTI
SPGI
SPGI
Q1 26
$0.64
$4.69
Q4 25
$0.58
$3.76
Q3 25
$0.75
$3.86
Q2 25
$0.64
$3.50
Q1 25
$0.33
$3.54
Q4 24
$0.51
$2.85
Q3 24
$0.63
$3.11
Q2 24
$0.42
$3.23

Balance Sheet & Financial Strength

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

Metric
FTI
FTI
SPGI
SPGI
Cash + ST InvestmentsLiquidity on hand
$960.8M
Total DebtLower is stronger
$384.0M
$13.3B
Stockholders' EquityBook value
$31.3B
Total Assets
$10.1B
$60.8B
Debt / EquityLower = less leverage
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FTI
FTI
SPGI
SPGI
Q1 26
$960.8M
Q4 25
$1.0B
$1.8B
Q3 25
$876.6M
$1.7B
Q2 25
$950.0M
$1.8B
Q1 25
$1.2B
$1.5B
Q4 24
$1.2B
$1.7B
Q3 24
$1.7B
Q2 24
$2.0B
Total Debt
FTI
FTI
SPGI
SPGI
Q1 26
$384.0M
$13.3B
Q4 25
$430.0M
$13.1B
Q3 25
$438.0M
$11.4B
Q2 25
$696.3M
$11.4B
Q1 25
$904.9M
$11.4B
Q4 24
$885.2M
$11.4B
Q3 24
$966.7M
$11.4B
Q2 24
$968.4M
$11.4B
Stockholders' Equity
FTI
FTI
SPGI
SPGI
Q1 26
$31.3B
Q4 25
$3.4B
$31.1B
Q3 25
$3.3B
$33.1B
Q2 25
$3.3B
$33.4B
Q1 25
$3.1B
$33.4B
Q4 24
$3.1B
$33.2B
Q3 24
$3.3B
$34.0B
Q2 24
$3.0B
$34.9B
Total Assets
FTI
FTI
SPGI
SPGI
Q1 26
$10.1B
$60.8B
Q4 25
$10.1B
$61.2B
Q3 25
$10.3B
$59.7B
Q2 25
$10.1B
$60.4B
Q1 25
$10.0B
$59.9B
Q4 24
$9.9B
$60.2B
Q3 24
$9.7B
$60.4B
Q2 24
$9.2B
$61.0B
Debt / Equity
FTI
FTI
SPGI
SPGI
Q1 26
0.43×
Q4 25
0.13×
0.42×
Q3 25
0.13×
0.34×
Q2 25
0.21×
0.34×
Q1 25
0.29×
0.34×
Q4 24
0.29×
0.34×
Q3 24
0.30×
0.34×
Q2 24
0.33×
0.33×

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
SPGI
SPGI
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$276.9M
$919.0M
FCF MarginFCF / Revenue
11.1%
22.0%
Capex IntensityCapex / Revenue
2.2%
0.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.3B
$5.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FTI
FTI
SPGI
SPGI
Q1 26
Q4 25
$453.6M
$1.7B
Q3 25
$525.1M
$1.5B
Q2 25
$344.2M
$1.4B
Q1 25
$441.7M
$953.0M
Q4 24
$578.9M
$1.7B
Q3 24
$277.9M
$1.4B
Q2 24
$230.9M
$1.6B
Free Cash Flow
FTI
FTI
SPGI
SPGI
Q1 26
$276.9M
$919.0M
Q4 25
$359.1M
$1.7B
Q3 25
$447.8M
$1.5B
Q2 25
$260.6M
$1.4B
Q1 25
$379.9M
$910.0M
Q4 24
$452.7M
$1.7B
Q3 24
$225.3M
$1.4B
Q2 24
$180.1M
$1.5B
FCF Margin
FTI
FTI
SPGI
SPGI
Q1 26
11.1%
22.0%
Q4 25
14.3%
43.5%
Q3 25
16.9%
37.6%
Q2 25
10.3%
36.9%
Q1 25
17.0%
24.1%
Q4 24
19.1%
47.5%
Q3 24
9.6%
39.4%
Q2 24
7.7%
42.9%
Capex Intensity
FTI
FTI
SPGI
SPGI
Q1 26
2.2%
0.6%
Q4 25
3.8%
1.2%
Q3 25
2.9%
1.2%
Q2 25
3.3%
1.6%
Q1 25
2.8%
1.1%
Q4 24
5.3%
0.9%
Q3 24
2.2%
1.0%
Q2 24
2.2%
0.9%
Cash Conversion
FTI
FTI
SPGI
SPGI
Q1 26
Q4 25
1.87×
1.54×
Q3 25
1.70×
1.28×
Q2 25
1.28×
1.35×
Q1 25
3.11×
0.87×
Q4 24
2.58×
1.98×
Q3 24
1.01×
1.49×
Q2 24
1.24×
1.54×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FTI
FTI

Segment breakdown not available.

SPGI
SPGI

Ratings$1.3B31%
Market Intelligence$1.3B31%
Energy$652.0M16%
Indices$519.0M12%
Mobility$454.0M11%

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