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MARKETS / NYSE / CMBT
NYSE · DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT · MID CAP

Cmb.tech NV CMBT

10 fiscal years on record · USD · FY2024 reported · SEC filings only
$940.2M
▼ 23.9% YoY
$870.8M
▲ 1.5% YoY
$457.5M
▼ 45.4% YoY
In brief

What this company does

CMB.TECH NV operates a fleet of about 250 seagoing vessels, including newbuildings, comprising dry bulk carriers, crude oil tankers, chemical tankers, container transport and offshore energy vessels. It also develops hydrogen-powered industrial applications such as trucks, locomotives and straddle carriers. The Company is headquartered in Antwerp, Belgium, and has offices across Europe, Asia, the US and Africa. It operates five shipping divisions: Bocimar, which owns and operates dry bulk vessels and transports iron ore, bauxite coal, grain and other dry bulk cargoes; Euronav, which is engaged in maritime transport of crude oil and crude oil storage; Bochem, an owner and operator of stainless steel chemical tankers; Delphis, which specialises in medium-sized container ships; and Windcat, which provides crew transfer services to the offshore energy industry.

Written from the business description in CMB.TECH NV's annual report to the U.S. Securities and Exchange Commission, filed 21 April 2026. Every sentence was checked against that document before publication.

Growth
USD 940.2M
Revenue, FY2024 · full 10-year series below
Revenue $B Net income $B
FY2024 · Revenue 0.9 · Net income 0.9
0.5B1.0B-0.2B2015201620172018201920202021202220232024
Compound annual growth
+30.8%
+0.6%
+50.6%
+53.6%
+272.7%
+85.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +0.6% a year over five years — but profit grew faster: net income at +50.6%, earnings per share at +53.6%.

The share count fell from 0.22B to 0.19B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
93 cents
of every revenue dollar became profit
Operating margin Net margin
FY2024 · Operating 106.6% · Net 92.6%
50%100%-50%2015201620172018201920202021202220232024
ROE
FY2024 · ROE 49.1%
20%40%-5%-10%-15%2015201620172018201920202021202220232024

Each USD of equity produced 49 cents of profit this year.

Cash & shareholders
USD 1.3B
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF 457.5
400M800M2015201620172018201920202021202220232024
Net buybacks $B Dividends $B
FY2024 · Dividends 1.1 · Net buybacks 0.1
0.5B1.0B-0.2B-0.4BDividendsNet buybacks2015201620172018201920202021202220232024

USD 1.1B in dividends and USD 126.9M in buybacks — 144% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 3.9B
EquityUSD 1.2B
CashUSD 38.9M
Gross debtUSD 2.6B
Net debtUSD 2.6B
Current ratio1.20×

Net debt stands at 217% of equity.

The 10-year record
10 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2024202320222021202020192018201720162015
Revenue $B0.91.20.90.41.20.90.60.50.70.8
Operating income $B1.01.00.3−0.30.50.2−0.10.00.20.4
EBITDA $B··········
Income tax $B0.00.00.0−0.00.00.00.0−0.0−0.00.0
Net income $B0.90.90.2−0.30.50.1−0.10.00.20.4
Free cash flow $B0.50.80.2−0.01.00.30.00.20.40.5
EPS, diluted $4.444.251.01−1.682.250.52−0.570.011.292.22
Dividend / sh $·6.64···0.29····
Payout %1297312−77423−21319210639
ROE %49.137.99.8−15.920.54.9−5.40.110.8·
Shares out B0.190.200.200.200.200.220.220.160.160.16

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 38 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 38 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityDeep Sea Foreign Transportation of Freight
Listed onNYSE
Incorporated inoutside the United States — SEC code C9
Fiscal year endsDecember 31
Data on record since2015

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