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TechnipFMC (FRA:1T1) Tax Rate % : -2.20% (As of Sep. 2024)


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What is TechnipFMC Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. TechnipFMC's Tax Expense for the three months ended in Sep. 2024 was €-5 Mil. TechnipFMC's Pre-Tax Income for the three months ended in Sep. 2024 was €245 Mil. Therefore, TechnipFMC's Tax Rate % for the quarter that ended in Sep. 2024 was -2.20%.

TechnipFMC Tax Rate % Historical Data

The historical data trend for TechnipFMC's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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TechnipFMC Tax Rate % Chart

TechnipFMC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.07 -0.55 56.08 152.98 74.88

TechnipFMC Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.23 53.85 23.60 24.11 -2.20

TechnipFMC Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

TechnipFMC's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=141.86/189.452
=74.88 %

TechnipFMC's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=-5.406/245.432
=-2.20 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

TechnipFMC Tax Rate % Related Terms

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TechnipFMC Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TechnipFMC PLC (FRA:1T1) » Definitions » Tax Rate %
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Traded in Other Exchanges
FTI:USA 1T1:Germany T1EC34:Brazil FTI:Austria
Address
One Subsea Lane, Houston, TX, USA, 77044
Website
https://www.technipfmc.com
TechnipFMC is the largest pure-play offshore oilfield service provider, offering integrated deep-water offshore oil and gas development solutions that span the full spectrum of subsea equipment and subsea engineering and construction services. The company also provides various surface equipment used with onshore oil and gas wells. TechnipFMC originated with the 2017 merger of predecessor companies Technip and FMC Technologies.

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