CMB.TECH NV (CMBT) financial statements
CMB.TECH NV reported revenue of $940M in fiscal 2024, up 1.2% a year over 9 years.
Net income was $871M and the operating margin 106.6%, against 41.6% in 2015.
Free cash flow was $458M, and the company returned $1.1B in dividends and $127M in net buybacks.
The diluted share count rose 24% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from CMB.TECH NV's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $847M | $684M | $513M | $600M | $915M | $1.2B | $420M | $855M | $1.2B | $940M |
| Research and development | — | — | — | — | — | — | — | — | — | $10M |
| Selling, general and admin | $21M | $21M | $23M | $33M | $19M | $22M | $18M | $38M | $43M | $50M |
| Operating income | $352M | $208M | $13M | -$75M | $196M | $534M | -$282M | $294M | $970M | $1.0B |
| Interest expense | $51M | $52M | $51M | $89M | $120M | $92M | $96M | $133M | $172M | $169M |
| Pre-tax income | $356M | $204M | $25,000 | -$110M | $113M | $475M | -$339M | $206M | $864M | $873M |
| Income tax | $6M | -$174,000 | -$1M | $238,000 | $602,000 | $2M | -$427,000 | $3M | $6M | $2M |
| Net income | $350M | $204M | $1M | -$110M | $112M | $473M | -$339M | $203M | $858M | $871M |
| EPS (diluted) | $2.22 | $1.29 | $0.01 | -$0.57 | $0.52 | $2.25 | -$1.68 | $1.01 | $4.25 | $4.44 |
| Diluted shares | 158M | 158M | 158M | 192M | 216M | 210M | 202M | 202M | 202M | 196M |
| Operating margin | 41.6% | 30.4% | 2.6% | -12.4% | 21.4% | 44.1% | -67.1% | 34.4% | 78.5% | 106.6% |
| Net margin | 41.4% | 29.8% | 0.3% | -18.3% | 12.3% | 39.1% | -80.7% | 23.8% | 69.5% | 92.6% |
Balance sheet
Fiscal years, from CMB.TECH NV's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $132M | $207M | $144M | $173M | $297M | $161M | $153M | $180M | $429M | $39M |
| Receivables | — | $166M | $137M | $283M | $309M | $214M | $238M | $367M | $307M | $236M |
| Inventory | — | — | — | $22M | $183M | $76M | $69M | $42M | $23M | $26M |
| Total current assets | — | $373M | $281M | $521M | $802M | $452M | $459M | $607M | $1.6B | $471M |
| Property, plant and equipment | $2.4B | $2.5B | $2.3B | $3.5B | $3.2B | $3.1B | $3.2B | $3.3B | $1.8B | $3.3B |
| Goodwill | — | — | — | — | — | — | — | — | — | $0 |
| Total assets | — | $3.0B | $2.8B | $4.1B | $4.2B | $3.7B | $3.8B | $4.0B | $3.4B | $3.9B |
| Total current liabilities | — | $189M | $159M | $287M | $316M | $204M | $321M | $254M | $425M | $393M |
| Long-term debt | — | $966M | $654M | $1.4B | $1.2B | $836M | $1.2B | $1.3B | $362M | $1.5B |
| Total liabilities | — | $1.2B | $966M | $1.9B | $1.9B | $1.4B | $1.8B | $1.8B | $1.1B | $2.7B |
| Shareholders' equity | $1.9B | $1.9B | $1.8B | $2.3B | $2.3B | $2.3B | $2.0B | $2.2B | $2.4B | $1.2B |
| Net debt | -$132M | $760M | $510M | $1.2B | $877M | $675M | $1.0B | $1.1B | -$67M | $1.4B |
Cash flow
Fiscal years, from CMB.TECH NV's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $451M | $438M | $211M | $841,000 | $272M | $970M | -$25M | $256M | $837M | $459M |
| Capital spending | $258,000 | $18,000 | $11,000 | $1,000 | $41M | $221,000 | $115,000 | $17M | $60,000 | $2M |
| Free cash flow | $450M | $438M | $211M | $840,000 | $231M | $970M | -$25M | $239M | $837M | $458M |
| Stock-based compensation | $2M | $406,000 | $313,000 | $37,000 | $0 | $0 | — | — | — | — |
| Dividends paid | $138M | $217M | $44M | $23M | $26M | $352M | $24M | $24M | $631M | $1.1B |
| Share buybacks (net) | — | -$7M | — | -$4M | -$31M | -$118M | — | — | — | -$127M |
| Net borrowing | -$437M | -$34M | -$185M | -$132M | -$219M | -$101M | $784M | $294M | -$240M | $1.5B |
| Free cash flow margin | 53.2% | 64.0% | 41.2% | 0.1% | 25.3% | 80.1% | -6.1% | 28.0% | 67.8% | 48.7% |
| Dividends per share | $0.88 | $1.37 | $0.28 | $0.12 | $0.12 | $1.67 | $0.12 | $0.12 | $3.12 | $5.75 |
Questions
What was CMB.TECH NV's revenue in 2024?
$940M in fiscal 2024, from its 10-K filing.
How much free cash flow does CMB.TECH NV generate?
$458M in fiscal 2024 (operating cash flow minus capital spending).
From CMB.TECH NV's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.