A Look at FMC Technologies’s Order Backlog

On June 30, 2016, FMC Technologies (FTI) had an order backlog of ~$3.4 billion compared to ~$5.3 billion a year ago. A company’s backlog estimates the sales value of unfilled, confirmed customer orders.

From 2Q15 to 2Q16, FMC Technologies’s (FTI) total backlog decreased by 36%. In 2Q16, its revenue as a percentage of its backlog was 34%.

In comparison, Helmerich & Payne’s (HP) revenue as a percentage of its backlog was 18% in 2Q16. FMC Technologies comprises 3.8% of the iShares US Oil Equipment & Services ETF (IEZ).

Next, we’ll look at FMC Technologies’s indebtedness.