Cmb.Tech NV (CMBT) Stock Analysis
Energy · Oil & Gas Midstream · NYSE
Cmb.Tech NV (CMBT) posted $1.67B in revenue for fiscal 2025 (up 77.2% year over year), at a 9.6% net margin, and has compounded revenue about 24.9%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Cmb.Tech NV
Cmb.Tech NV has grown revenue from $854.67M to $1.67B over the last 4 fiscal years, compounding about 24.9% a year. The most recent year was up 77.2%, so growth is actually accelerating.
Net margin sits at 9.6%, down 83 points year over year on a 28.9% gross margin. It carries about $5.54B of total debt.
The one thing worth a second look in the filings is inventory building faster than sales.
Synthesised from Cmb.Tech NV's SEC filings — descriptive, not advice. Ask the analyst your own question →
Cmb.Tech NV revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $854.67M | $1.24B | $940.25M | $1.67B |
| Gross profit | $235.02M | $636.46M | $396.39M | $482.16M |
| Net income | $203.25M | $858.03M | $870.83M | $160.70M |
| Net margin | 23.8% | 69.5% | 92.6% | 9.6% |
Source: Cmb.Tech NV SEC filings (10-K).
Cmb.Tech NV: 4 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Inventory building faster than salesInventory rose 191.2% versus revenue 77.2% — possible overproduction or softening demand.
- Share count rising (dilution)Shares outstanding grew 43.8% over 3 years (201.8M → 290.2M) — existing holders' stakes are being diluted.
- Heavy debt loadTotal debt of $6373.1M is 14.4× last year's operating cash flow — it would take years of cash flow to clear.
- Net margin shrinkingNet margin fell from 23.8% to 9.6% over ~3 years — profitability is compressing.
Explore 4 years of Cmb.Tech NV financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Cmb.Tech NV financial history by metric
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About Cmb.Tech NV
Cmb.Tech NV engages in marine transportation business in Belgium. It operates through three divisions: Marine, H2 Infra, and H2 Industry. The Marine division designs, builds, owns, and operates various low and zero carbon ships and vessels, such as crew transfer vessels, ferries, commissioning service operations vessels, tugboats, ammonia-powered large bulk carriers, container ships, and chemical and crude oil tankers. The H2 Infra division develops and secures green molecule supplies; and produces and distributes green hydrogen and ammonia. The H2 Industry division provides scalable dual-fuel industrial applications. The company was formerly known as Euronav NV and changed its name to Cmb.Tech NV in October 2024. Cmb.Tech NV was founded in 1989 and is headquartered in Antwerp, Belgium. Cmb.Tech NV is a subsidiary of CMB NV.
Cmb.Tech NV — frequently asked questions
What is Cmb.Tech NV's revenue?
Cmb.Tech NV (CMBT) reported revenue of $1.67B for fiscal year 2025, up 77.2% from the prior year, according to its SEC filings.
Is Cmb.Tech NV profitable?
Yes. CMBT earned net income of $160.70M in fiscal 2025, a net margin of 9.6%.
What is CMBT's P/E ratio?
Cmb.Tech NV trades at a price-to-earnings ratio of about 8.7 based on the latest data in our nightly-refreshed cache.
How fast is Cmb.Tech NV growing?
CMBT's revenue grew at roughly 24.9% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Cmb.Tech NV have?
As of fiscal year 2025, CMBT carried roughly $5.54B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Cmb.Tech NV's gross margin?
CMBT's gross margin was 28.9% in fiscal 2025 — gross profit of $482.16M on revenue of $1.67B.
What is Cmb.Tech NV's market cap?
Cmb.Tech NV (CMBT) has a market capitalization of about $4.41B, based on the latest data in our nightly-refreshed cache.
When does Cmb.Tech NV's fiscal year end?
CMBT's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Cmb.Tech NV's official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.