• TechnipFMC's ROIC of 17.77% significantly outperforms its WACC of 8.83%, indicating strong value creation for shareholders.
• Oceaneering International and other competitors show positive returns over their cost of capital, but not as robust as TechnipFMC's performance.
• Dril-Quip and Core Laboratories struggle with ROIC to WACC ratios below 1, highlighting challenges in covering their cost of capital.

TechnipFMC plc (NYSE:FTI) is a global leader in the energy sector, providing services and technologies to the oil and gas industry. The company specializes in subsea, onshore, offshore, and surface projects. TechnipFMC's main competitors include Oceaneering International, NOV Inc., Flowserve Corporation, Dril-Quip, and Core Laboratories, all of which operate in similar sectors, offering various oilfield services and equipment.

TechnipFMC's Return on Invested Capital (ROIC) is 17.77%, significantly higher than its Weighted Average Cost of Capital (WACC) of 8.83%. This results in a ROIC to WACC ratio of 2.01, indicating that the company is generating returns well above its cost of capital. This is a strong indicator of the company's ability to create value for its shareholders.

In comparison, Oceaneering International has a ROIC of 12.58% and a WACC of 10.42%, resulting in a ROIC to WACC ratio of 1.21. While this shows positive returns over its cost of capital, it is not as robust as TechnipFMC's performance. NOV Inc. and Flowserve Corporation have ROIC to WACC ratios close to 1, suggesting they are only marginally covering their cost of capital.

Dril-Quip and Core Laboratories face challenges, with ROIC to WACC ratios below 1. Dril-Quip's negative ROIC of -0.42% against a WACC of 7.20% results in a ratio of -0.06, indicating it is not covering its cost of capital. Core Laboratories also struggles with a ROIC to WACC ratio of 0.63, as its ROIC of 7.15% falls short of its WACC of 11.35%.

TechnipFMC's superior ROIC to WACC ratio highlights its efficiency in generating returns compared to its peers. This positions the company as a potentially attractive investment, assuming other factors such as market conditions and company-specific risks are favorable.