Saturday 17 October 2026
Export CMBT’s income statement to Excel — free account
CMB.TECH nv
CMBT Energy Oil & Gas Midstream
CMB.TECH nv’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, up 16.1% from fiscal 2024. In the quarter to June 2026, revenue grew 519.2%, EPS grew 677.3%, free cash flow grew 451.2% and total debt fell 4.98%, each against the same quarter a year earlier.
17.25
0.67
−3.74%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
3 | 5 | 3 | 8 | 8 | 2 | 7 | 7 | 5 | 3 |
P/E ratio |
3.49 | 4.56 | 5.13 | 16.08 | 7.21 | 16.46 | 28.32 | 13.02 | 3.60 | 2.89 |
Altman Z-Score |
1.43 | 1.41 | 0.70 | 1.54 | 1.84 | 0.58 | 1.88 | 4.17 | 2.00 | 0.77 |
P/S ratio |
1.53 | 1.80 | 1.52 | 3.74 | 1.75 | 2.05 | 3.60 | 3.42 | 1.58 | 1.30 |
P/FCF ratio |
6.62 | 4.17 | 6.90 | 15.08 | 1.14 | 6.18 | 0.00 | 7.32 | 0.67 | 2.30 |
Altman Z″-Score (non-manufacturers) |
3.12 | 2.88 | 1.79 | 2.72 | 3.66 | 1.03 | 2.67 | 7.32 | 2.97 | 1.09 |
P/Operating CF |
7.06 | 19.98 | 82.90 | 51.51 | 1.92 | 97.27 | 37.33 | 6.14 | 5.73 | 8.68 |
Beneish M-Score |
(3.19) | (2.88) | (1.95) | (2.40) | (3.19) | (0.45) | (2.20) | (2.41) | (1.74) | (2.22) |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 25 |
P/B ratio |
0.66 | 0.77 | 0.48 | 1.18 | 0.70 | 0.91 | 1.50 | 1.51 | 1.68 | 0.71 |
Price to Tangible BV |
0.66 | 0.77 | 0.48 | 1.18 | 0.70 | 0.91 | 1.51 | 1.51 | 1.70 | 0.77 |
EV/Sales |
2.48 | 2.90 | 3.73 | 5.68 | 2.90 | 3.73 | 5.17 | 3.87 | 3.62 | 4.91 |
EV/EBITDA |
2.24 | 3.02 | 4.83 | 10.35 | 4.80 | 6.64 | 9.30 | 6.28 | 5.29 | 7.48 |
EV/Operating CF |
3.85 | 4.52 | 6.57 | 18.22 | 1.87 | 3.78 | 28.04 | 3.67 | 3.84 | 11.05 |
EV/FCF |
10.72 | 6.73 | 16.95 | 22.91 | 1.90 | 11.24 | (7.22) | 8.28 | 1.53 | 8.68 |
Quick Ratio |
1.97 | 1.77 | 1.59 | 1.92 | 1.85 | 1.22 | 2.15 | 1.73 | 0.70 | 0.44 |
Current Ratio |
1.97 | 1.77 | 1.82 | 2.54 | 2.22 | 1.43 | 2.39 | 3.84 | 1.20 | 0.86 |
Net Debt/EBITDA |
2.02 | 3.10 | 8.13 | 2.65 | 1.25 | 23.18 | 2.89 | 0.39 | 2.21 | 5.50 |
Debt/Assets |
35.63% | 31.97% | 42.85% | 41.12% | 33.29% | 43.06% | 42.16% | 26.13% | 67.00% | 63.59% |
Debt/Equity |
0.58 | 0.49 | 0.78 | 0.74 | 0.53 | 0.83 | 0.77 | 0.38 | 2.19 | 2.04 |
Asset Turnover |
0.24 | 0.19 | 0.18 | 0.23 | 0.32 | 0.12 | 0.25 | 0.44 | 0.44 | 0.31 |
Operating CF/Net income |
2.15 | 152.78 | (0.01) | 2.42 | 2.05 | 0.07 | 1.26 | 0.98 | 0.53 | 2.76 |
Capex/Depreciation |
(0.53) | (0.35) | (0.78) | 0.23 | (0.46) | (1.04) | (0.82) | 3.93 | 3.61 | (1.34) |
Interest Coverage |
4.03 | 0.26 | (0.83) | 1.63 | 5.84 | (2.95) | 2.21 | 5.64 | 5.92 | 1.30 |
| 10.76% | 0.07% | (5.36%) | 4.91% | 20.47% | (15.86%) | 9.83% | 37.87% | 49.06% | 8.42% | |
| 6.70% | 0.05% | (3.17%) | 2.71% | 12.05% | (9.09%) | 5.25% | 23.23% | 23.78% | 2.61% | |
ROIC |
4.70% | 0.32% | (1.21%) | 3.28% | 9.89% | (5.13%) | 5.02% | 21.48% | 16.62% | 4.45% |
Return on Tangible Assets |
7.69% | 0.06% | (2.93%) | 3.01% | 14.02% | (10.30%) | 5.58% | 29.15% | 26.03% | 2.32% |
Average Days of Receivables |
81.86 | 90.00 | 165.83 | 117.80 | 62.97 | 194.96 | 138.59 | 68.73 | 52.95 | 62.01 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
5.94% | 8.45% | 10.62% | 6.99% | 3.00% | 7.28% | 5.35% | 3.83% | 4.78% | 7.52% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 |
Share Based Compensation of Revenue |
0.05% | (5.42%) | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(0.55) | (0.54) | (1.23) | (0.39) | (0.57) | (0.75) | (0.36) | 0.16 | (1.12) | (2.60) |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
28.64% | 21.91% | 19.48% | 6.22% | 13.88% | 6.07% | 3.53% | 7.68% | 27.79% | 34.61% |
Free Cash Flow Yield |
15.10% | 23.96% | 14.49% | 6.63% | 87.34% | 16.19% | (19.92%) | 13.66% | 149.71% | 43.46% |
Revenue per Share |
4.69 | 3.51 | 3.25 | 4.43 | 5.91 | 2.21 | 4.79 | 8.08 | 8.29 | 8.23 |
Operating CF per Share |
2.77 | 1.34 | 0.00 | 1.26 | 4.61 | (0.13) | 1.27 | 4.15 | 2.34 | 1.93 |
Capex per Share |
(0.76) | (0.51) | (1.10) | 0.36 | (0.70) | (1.77) | (0.91) | 4.30 | 3.06 | (2.27) |
Free Cash Flow per Share |
2.01 | 0.82 | (1.10) | 1.62 | 3.91 | (1.90) | 0.36 | 8.45 | 5.39 | (0.34) |
Cash per Share |
1.31 | 0.91 | 0.90 | 1.37 | 0.77 | 0.76 | 0.89 | 2.13 | 0.20 | 0.64 |
Shareholders Equity per Share |
11.93 | 11.67 | 11.77 | 10.70 | 11.00 | 9.72 | 10.77 | 11.68 | 6.08 | 11.43 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
11.93 | 11.67 | 11.77 | 10.70 | 11.00 | 9.72 | 10.77 | 11.68 | 6.08 | 11.43 |
Free Cash Flow |
318.56 | 130.30 | (210.46) | 350.20 | 822.45 | (382.78) | 72.04 | 1,705.35 | 1,057.41 | (77.09) |
Working Capital |
184.29 | 121.90 | 234.02 | 486.20 | 248.28 | 138.37 | 352.72 | 1,206.98 | 78.16 | (148.26) |
Capital Expenditures |
(119.64) | (80.99) | (211.30) | 78.21 | (147.33) | (357.47) | (183.51) | 867.97 | 599.39 | (520.63) |
Net Current Asset Value |
(785.57) | (683.98) | (1,345.69) | (1,050.74) | (923.58) | (1,348.53) | (1,188.55) | 569.83 | (2,241.90) | (4,869.70) |
EV/EBIT |
2.88 | 4.17 | 7.95 | 27.26 | 9.50 | 17.40 | 23.32 | 11.02 | 7.25 | 8.89 |
Capex to Sales |
0.16 | 0.15 | 0.34 | (0.08) | 0.12 | 0.80 | 0.19 | (0.53) | (0.37) | 0.28 |
Price to Operating Income |
1.78 | 2.58 | 3.24 | 17.94 | 5.74 | 9.56 | 16.21 | 9.75 | 3.17 | 2.35 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.09 | 0.10 | 0.08 | 0.10 | 0.10 | 0.11 | 0.07 | 0.13 | 0.05 | 0.05 |
Cash ROIC |
10.02% | 4.51% | (5.01%) | 8.10% | 22.22% | (10.25%) | 1.79% | 46.34% | 27.48% | (0.95%) |
Accounts Receivable Turnover |
3.85 | 3.66 | 2.97 | 3.23 | 4.75 | 1.97 | 3.20 | 4.84 | 5.99 | 6.78 |
Accounts Payable Turnover |
3.19 | 3.71 | 4.82 | 3.93 | 3.92 | 4.13 | 4.55 | 3.52 | 3.71 | 5.27 |
Inventory Turnover |
0.00 | 0.00 | 3.48 | 3.47 | 2.71 | 4.82 | 7.17 | 11.77 | 15.42 | 15.35 |
Average Days of Payables |
107.37 | 91.92 | 88.85 | 96.50 | 88.35 | 87.69 | 83.17 | 119.87 | 76.89 | 102.03 |
Days of Inventory on Hand |
0.00 | 0.00 | 22.68 | 187.45 | 78.63 | 72.15 | 38.28 | 21.76 | 25.60 | 35.39 |
Average Receivables |
192.71 | 151.57 | 210.13 | 296.23 | 261.73 | 226.11 | 302.27 | 336.95 | 271.50 | 278.36 |
Average Payables |
74.47 | 65.61 | 74.29 | 90.82 | 89.78 | 84.53 | 87.19 | 107.24 | 101.80 | 151.04 |
Average Inventory |
— | — | 102.82 | 102.82 | 129.58 | 72.41 | 55.34 | 32.08 | 24.51 | 51.84 |
Average Assets |
3,043.83 | 2,928.94 | 3,469.16 | 4,146.10 | 3,926.04 | 3,727.88 | 3,868.80 | 3,694.18 | 3,662.16 | 6,155.31 |
Average Common Equity |
1,896.85 | 1,867.16 | 2,053.44 | 2,286.19 | 2,311.82 | 2,136.18 | 2,067.02 | 2,265.42 | 1,774.85 | 1,907.82 |
Columns are period end dates