TechnipFMC reported $15.1B of remaining performance obligations at 30 Sep 2026, down 10% from a year earlier and down 8% from the previous quarter. That is 1.4 years of trailing revenue already under contract. Book-to-bill last quarter: 0.54.
Net new backlog added in the latest quarter: -$1.34B.
Over the last twelve months it turned about 64% of its opening backlog into revenue (12-month conversion).
The company reports 13% of the backlog due within the first 3 months.
Customer prepayments (contract liabilities) cover 14.8% of the backlog.
Twelve-month book-to-bill: 0.84, i.e. 0.84 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -19 points — revenue is catching up with orders.
By backlog size it ranks 61st among US filers the cockpit tracks.
TechnipFMC backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$15.1B
$10.7B
1.4 yrs
$2.24B
30 Jun 2026
$16.4B
$10.4B
1.6 yrs
$2.36B
31 Mar 2026
$16.5B
$10.2B
1.6 yrs
$2.16B
31 Dec 2025
$16.6B
$9.93B
1.7 yrs
$2.15B
30 Sep 2025
$16.8B
$9.78B
1.7 yrs
$2.39B
30 Jun 2025
$16.6B
$9.48B
1.8 yrs
$2.06B
31 Mar 2025
$15.8B
$9.27B
1.7 yrs
$1.92B
31 Dec 2024
$14.4B
$9.08B
1.6 yrs
$1.79B
31 Dec 2023
$13.2B
$7.82B
1.7 yrs
$1.49B
31 Dec 2022
$9.35B
$6.70B
1.4 yrs
$1.16B
30 Sep 2018
$15.2B
$12.9B
1.2 yrs
$3.71B
30 Jun 2018
$5.13B
$13.9B
0.4 yrs
n/a
Questions
What is TechnipFMC's backlog?
TechnipFMC reported $15.1B of remaining performance obligations at 30 Sep 2026, down 10% from a year earlier and down 8% from the previous quarter. That is 1.4 years of trailing revenue already under contract. Book-to-bill last quarter: 0.54.
How fast does TechnipFMC's backlog turn into revenue?
Over the last twelve months TechnipFMC recognised revenue equal to about 64% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.