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Cmb.tech NV (CMBT) stock

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NYSE: CMBT NYSE Oil & Gas Storage & Transportation Next results ~November 26, 2026

C+ Fundamentals grade

Cmb.tech NV is a US-listed company in the oil & gas storage & transportation industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$21

Cash-flow model

Base case. Range ~$11–$33 across our lower- and higher-growth cases (8%–18% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 17% below our base value.

Price used: $17.38, November 2, 2026

Cmb.tech NV valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds74 adding, 72 cuttingOf 28 active managers that changed their stake, 15 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Cmb.tech NV files

Where Cmb.tech NV stands after its latest Filing

Revenue for the twelve months was $1.67bn, up 77.2% on a year earlier, against a decline of 23.9% a quarter earlier. That growth ranks 1 of 29 among the oil & gas storage & transportation companies we cover. Free-cash-flow margin rose to 3.3% from -88.2% a year earlier. Operating margin widened to 33.4% from -67.1%. The diluted share count is up 17.0% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 1 of our 6 financial-health checks. Our cash-flow model value is $20.83 a share, against a share price of $18.42.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 26, 2026 (estimated)

Cmb.tech NV's trailing-twelve-month revenue grew 77.2% year on year, with a free-cash-flow margin of 3.3%. Where it stands out: revenue growth of 77.2% ranks 1 of 29 oil & gas storage & transportation companies we cover. Where it lags: change in share count of 17.0% ranks 19 of 19 oil & gas storage & transportation companies we cover.

Our discounted-cash-flow model values the business at ~$21 per share in the base case (~$11–$33 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Balance sheet growing far ahead of sales: Total assets grew 115% year over year while revenue grew 77% — the balance sheet is expanding 38 points faster than the business it supports.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $17.38 is 20% below our value per share of $21.
  • Fast growth. Revenue grew 77.2% over the last 12 months, against a median of 8.8% for oil & gas storage & transportation companies we cover.
  • Growth speeding up. The growth rate is 101.1 points higher than a quarter earlier.
  • High operating margin. 33.4% of revenue is left as operating profit, against a median of 28.1% for oil & gas storage & transportation companies we cover.

Things to watch

  • Margins narrowing. Operating margin is down 73.2 points on a year ago.
  • Share dilution. Diluted shares rose 17.0% in a year.
  • High debt. Long-term debt exceeds cash by $2.7bn, more than 1.5 times annual revenue.
  • Weak cash conversion. Free cash flow was 35% of net income over the last 12 months.
  • Below peers: days sales outstanding. Days sales outstanding of 70 days ranks 14 of 18 oil & gas storage & transportation companies we cover (median 43 days).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results

Earnings per share
$0.82 against an average estimate of $0.80: beat by 2.1%
Next report
November 26, 2026; average EPS estimate $0.67

Cmb.tech NV's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-5.6%
  • 1 week-5.3%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.7B
Operating margin
33.4%
Net margin
9.6%
EPS (TTM, diluted)
$0.70

Growth

Revenue growth
+77.2%
Change in growth rate
+101.1 pts
Share count change
+17.0%

Cash

Free cash flow (TTM)
$55.6M
FCF margin
3.3%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for CMBT from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Cmb.tech NV valuation models and calculator

What the price is pricing in

The share price implies about 11.3% a year of cash-flow growth for five years.That is close to the 6.6% a year revenue growth Cmb.tech NV has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in11.3%
  • Last 12 months77.2%
  • 3 years a year24.9%
  • 5 years a year6.6%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($17.30, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$21
Price used
$17.30close November 3, 2026
Implied change
▲ +20%
Uncertainty
High

How we got here: a discounted-cash-flow model of Cmb.tech NV's free cash flow after stock-based pay with after-tax interest added back ($370M, FY2025 Q4 TTM), growing 13% a year for five years and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$11–~$33 ; that spread sets a 35% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Cmb.tech NV's free cash flow after stock-based pay ( $370M, FY2025 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Cmb.tech NV as an operating company, with every model that fits that kind of business. Cost of equity 7.8%: the 10-year Treasury yield (4.9%) plus a beta of 0.64 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$21 ~$11–$33 Primary model, counts double
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$2.7 Left out: out of range vs price (0.16x)
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$22 ~$19–$30 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$18 ~$14–$22 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$21 ~$18–$24 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$21 ~$18–$22 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Cmb.tech NV with Oil & Gas Storage & Transportation in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% —$6$15$27$42$61
8.5% —$0$7$15$25$39
10% ——$1$8$16$26

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 26, 2026, before the open. Analysts expect revenue of $691m and EPS of $0.67 (range $0.65 to $0.68) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.60 +4742% $2.4bn +44%
Next $1.54 −41% $2.3bn −4%

Next year's EPS estimate has moved +2.5% in 90 days, across 3 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −2.9% on 90 days ago. In the last 30 days, 2 analysts raised Cmb.tech NV's forecast and 0 cut it.

Consensus EPS forecast Cmb.tech NV, last 90 days
$1.50 $2.00 $2.50 $3.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.67 Current fiscal year, 60 days ago: $2.67 Current fiscal year, 30 days ago: $2.60 Current fiscal year, 7 days ago: $2.60 Current fiscal year, Now: $2.60 $2.60 Next fiscal year, 90 days ago: $1.50 Next fiscal year, 60 days ago: $1.50 Next fiscal year, 30 days ago: $1.54 Next fiscal year, 7 days ago: $1.54 Next fiscal year, Now: $1.54 $1.54

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.67$1.50
60 days ago $2.67$1.50
30 days ago $2.60$1.54
7 days ago $2.60$1.54
Now $2.60$1.54

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.80 $0.82 +2.1%
Mar 2026 $0.22 $0.35 +62.8%
Dec 2025 $0.36 $0.16 −56.1%
Sept 2025 $0.07 −$0.09 −222.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

4 analysts, Nov 2026
Buy250%
Hold250%
Sell00%

Monthly trend

  1. Nov 20261124
  2. Oct 20261124
  3. Sep 20261214

Counts of recommendations published by analysts covering Cmb.tech NV, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.1%
of tradable shares
Days to cover
1.86
at average volume
Short interest, 1 month
+96%
to October 15, 2026
Held by institutions
18%
of shares
Held by insiders
56.6%
of shares

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Options strategies

All options ideas

How Cmb.tech NV’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Cmb.tech NV in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Cmb.tech NV
$0 $500M $1B $1.5B $2B FY15 Q4 FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Revenue (TTM), FY15 Q4: $846.5M Revenue (TTM), FY16 Q4: $684.3M Revenue (TTM), FY17 Q4: $513.4M Revenue (TTM), FY18 Q4: $600M Revenue (TTM), FY19 Q4: $914.7M Revenue (TTM), FY20 Q4: $1.2B Revenue (TTM), FY21 Q4: $419.8M Revenue (TTM), FY22 Q4: $854.7M Revenue (TTM), FY23 Q4: $1.2B Revenue (TTM), FY24 Q4: $940.2M Revenue (TTM), FY25 Q4: $1.7B $1.7B

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue (TTM)
FY15 Q4 $846.5M
FY16 Q4 $684.3M
FY17 Q4 $513.4M
FY18 Q4 $600M
FY19 Q4 $914.7M
FY20 Q4 $1.2B
FY21 Q4 $419.8M
FY22 Q4 $854.7M
FY23 Q4 $1.2B
FY24 Q4 $940.2M
FY25 Q4 $1.7B
Revenue growth, TTM YoY Cmb.tech NV
-100% -50% 0% 50% 100% 150% FY16 Q4 FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Revenue growth, TTM YoY, FY16 Q4: -19.2% Revenue growth, TTM YoY, FY17 Q4: -25.0% Revenue growth, TTM YoY, FY18 Q4: 16.9% Revenue growth, TTM YoY, FY19 Q4: 52.4% Revenue growth, TTM YoY, FY20 Q4: 32.3% Revenue growth, TTM YoY, FY21 Q4: -65.3% Revenue growth, TTM YoY, FY22 Q4: 103.6% Revenue growth, TTM YoY, FY23 Q4: 44.5% Revenue growth, TTM YoY, FY24 Q4: -23.9% Revenue growth, TTM YoY, FY25 Q4: 77.2% 77.2%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue growth, TTM YoY
FY16 Q4 -19.2%
FY17 Q4 -25.0%
FY18 Q4 16.9%
FY19 Q4 52.4%
FY20 Q4 32.3%
FY21 Q4 -65.3%
FY22 Q4 103.6%
FY23 Q4 44.5%
FY24 Q4 -23.9%
FY25 Q4 77.2%
Operating margin (TTM) Cmb.tech NV
-100% -50% 0% 50% 100% 150% FY15 Q4 FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Operating margin (TTM), FY15 Q4: 41.6% Operating margin (TTM), FY16 Q4: 30.4% Operating margin (TTM), FY17 Q4: 2.6% Operating margin (TTM), FY18 Q4: -12.4% Operating margin (TTM), FY19 Q4: 21.4% Operating margin (TTM), FY20 Q4: 44.1% Operating margin (TTM), FY21 Q4: -67.1% Operating margin (TTM), FY22 Q4: 34.4% Operating margin (TTM), FY23 Q4: 78.5% Operating margin (TTM), FY24 Q4: 106.6% Operating margin (TTM), FY25 Q4: 33.4% 33.4%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Operating margin (TTM)
FY15 Q4 41.6%
FY16 Q4 30.4%
FY17 Q4 2.6%
FY18 Q4 -12.4%
FY19 Q4 21.4%
FY20 Q4 44.1%
FY21 Q4 -67.1%
FY22 Q4 34.4%
FY23 Q4 78.5%
FY24 Q4 106.6%
FY25 Q4 33.4%
FCF margin (TTM) Cmb.tech NV
-100% -50% 0% 50% 100% FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 FCF margin (TTM), FY19 Q4: 25.3% FCF margin (TTM), FY20 Q4: 53.7% FCF margin (TTM), FY21 Q4: -88.2% FCF margin (TTM), FY22 Q4: 3.9% FCF margin (TTM), FY23 Q4: 49.9% FCF margin (TTM), FY24 Q4: 31.1% FCF margin (TTM), FY25 Q4: 3.3% 3.3%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period FCF margin (TTM)
FY19 Q4 25.3%
FY20 Q4 53.7%
FY21 Q4 -88.2%
FY22 Q4 3.9%
FY23 Q4 49.9%
FY24 Q4 31.1%
FY25 Q4 3.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Cmb.tech NV took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $1.7B
  2. Selling, general and admin $100M · 6.0%
  3. Other operating costs $1B · 60.1%
  4. Operating income $557M · 33.4%
  5. Income tax $10.2M · 0.6%
  6. Interest and other $386M · 23.2%
  7. Net income $161M · 9.6%

Shares of revenue. Source: Cmb.tech NV's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 847 684 513 600 915 1,210 420 855 1,235 940 1,666
EBITDA 562 436 243 196 533 854 63 517 1,191 1,168 945
Operating income 352 208 13 −75 196 534 −282 294 970 1,002 557
Net income 350 204 1 −110 112 473 −339 203 858 871 161
Diluted EPS $2.22 $1.29 $0.01 −$0.57 $0.52 $2.25 −$1.68 $1.01 $4.25 $4.44 $0.70
Growth (year on year)
Revenue — −19.2% −25.0% +16.9% +52.4% +32.3% −65.3% +103.6% +44.5% −23.9% +77.2%
EBITDA — −22.4% −44.2% −19.4% +171.9% +60.1% −92.6% +715.0% +130.4% −1.9% −19.1%
Operating income — −40.8% −93.6% −656.3% — +173.2% −152.7% — +229.5% +3.4% −44.4%
Net income — −41.8% −99.3% — — +321.7% −171.6% — +322.2% +1.5% −81.5%
Diluted EPS — −41.9% −99.2% — — +332.7% −174.7% — +320.8% +4.5% −84.2%
Margins
EBITDA margin 66.4% 63.7% 47.4% 32.7% 58.3% 70.6% 15.1% 60.5% 96.4% 124.3% 56.7%
Operating margin 41.6% 30.4% 2.6% −12.4% 21.4% 44.1% −67.1% 34.4% 78.5% 106.6% 33.4%
Net margin 41.4% 29.8% 0.3% −18.3% 12.3% 39.1% −80.7% 23.8% 69.5% 92.6% 9.6%
Free-cash-flow margin — — — — 25.3% 80.1% −6.0% 29.9% 67.8% 48.7% 26.6%
Cash flow
Cash from operations 451 438 211 1 272 970 −25 256 837 458 444
Capital spending — — — — 41 0 0 0 0 0 0
Free cash flow — — — — 231 970 −25 256 837 458 444
Stock-based pay 2 0 0 0 0 0 — — — — —
Free cash flow after stock pay — — — — 231 970 — — — — —
Balance sheet
Cash 132 207 144 173 297 161 153 180 429 39 147
Total debt 1,052 1,086 899 1,769 1,745 1,273 1,712 1,696 931 2,622 5,550
Net debt (negative = net cash) 921 879 755 1,595 1,448 1,112 1,560 1,516 501 2,583 5,403
Diluted shares 158m 158m 158m 192m 216m 210m 202m 202m 202m 196m 229m
Returned to shareholders
Dividends 138 217 44 23 26 352 24 24 631 1,127 20
Total returned 138 217 44 23 26 352 24 24 631 1,127 20

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 6 checks passed · December 31, 2025
What it owns · $8.4bn
Short-term assets $913mLonger-term assets $7.5bn
What it owes, and who funded it · $3.7bn
Short-term liabilities $1.1bnShareholders' equity $2.6bn
  • Short-term assets cover short-term liabilities $913m of assets due within a year against $1.1bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $147m of cash against $2.8bn of debt.
  • Debt below 40% of shareholders' equity Debt is 108% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 36% to 108% over five years.
  • A year's operating cash flow covers at least 20% of debt $444m of operating cash flow against $2.8bn of debt.
  • Operating profit covers interest at least five times over Operating income of $557m against $4m of interest.

From Cmb.tech NV's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$20.2M
Returned to shareholders
36%
of free cash flow
Diluted share count
+17.0%
year over year
Total shareholder yield
0.4%
dividends 0.4% + buybacks 0.0% of market value
Dividend payout ratio
13%
of net income paid out
R&D spending
0.4%
of revenue
Days sales outstanding
70 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in oil & gas storage & transportation
Last 12 months unless stated CMBT HESM GEL EE FRO SOBO Median
Revenue, last 12 months $1.7bn $1.6bn $1.8bn $1.5bn $2.0bn $2.0bn $2.0bn
Revenue growth, last 12 months 77.2% 2.8% 16.6% 49.0% −8.8% −6.3% 8.8%
Revenue growth, 3-year average — 8.1% −15.4% −8.2% — — 4.0%
Revenue growth, latest quarter — −3.7% 41.0% 61.0% — — 10.7%
Operating margin 33.4% 62.1% 19.1% 21.8% 30.4% 51.5% 27.3%
Operating margin, 3-year average −10.3% 61.6% 15.0% 22.5% — — 20.8%
Net margin 9.6% 23.2% 4.3% 3.2% 19.2% 21.8% 13.1%
Cash from operations / revenue 26.6% 64.2% 24.2% 26.7% 34.6% 36.1% 29.5%
Free-cash-flow margin 3.3% 51.9% 18.5% 1.6% 34.0% 27.1% 11.8%
Free-cash-flow margin, 3-year average — 47.3% −4.4% 17.9% — — 8.8%
Stock pay / revenue 0.0% 0.1% 0.7% 0.9% 0.3% — 0.5%
Change in share count 17.0% — −0.0% — 0.0% 0.3% 0.2%

Median of all 29 companies we cover in oil & gas storage & transportation. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

29 oil & gas storage & transportation companies
Measure Company Peer median Rank
Revenue growth Growth 77.2% 8.8% 1 of 29
Change in growth rate Growth +101.1pp +0.5pp 1 of 29
Operating margin Profitability 33.4% 28.1% 11 of 27
Net margin Profitability 9.6% 13.1% 18 of 29
Free-cash-flow margin Cash generation 3.3% 13.6% 21 of 28
Long-term debt as % of assets Balance sheet 33.8% 46.2% 9 of 26
Change in share count Balance sheet 17.0% 0.2% 19 of 19
Days sales outstanding Balance sheet 70 days 43 days 14 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$645M
Institutions reporting
167
Shares held vs prior quarter
▲ 8.7%
Positions opened / closed
27 / 21

Top buyers and sellers, Q2 2026: 74 institutions bought and 72 sold ; the biggest buyer was Marshall Wace, LLP (+1.5M shares) and the biggest seller Encompass Capital Advisors LLC (−3.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Arrowstreet Capital, Limited Partnership $49.7M 3.5M 7.7% ▲ 54.7%
Vanguard Capital Management LLC $46.6M 3.3M 7.2% ▲ 1.7%
Folketrygdfondet $39.4M 2.8M 6.1% 0.0%
Two Sigma Investments, LP $35.4M 2.5M 5.5% ▲ 109.2%
Citadel Advisors LLC $32.3M 2.3M 5.0% ▲ 2.5%
Norges Bank $32M 2.3M 5.0% —
Goldman Sachs Group Inc $29.4M 2.1M 4.6% ▲ 14.6%
Barclays PLC $23.6M 1.7M 3.7% ▲ 141.2%
Jpmorgan Chase & Co $22M 1.6M 3.4% ▲ 44.8%
Jane Street Group, LLC $21.5M 1.5M 3.3% ▲ 10.9%
Marshall Wace, LLP $21.3M 1.5M 3.3% ▲ 3985.1%
Morgan Stanley $21.1M 1.5M 3.3% ▼ 3.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Cmb.tech NV's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Cmb.tech NV was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Cmb.tech NV in brief

What does Cmb.tech NV do?
Cmb.tech NV is a US-listed company in the oil & gas storage & transportation industry. Its financial year ends in December.
What is Cmb.tech NV's stock ticker?
Cmb.tech NV trades under the ticker CMBT on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Cmb.tech NV's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Cmb.tech NV reported revenue of $1.7B, 77.2% higher than a year earlier, according to its SEC filings.
What is Cmb.tech NV's free cash flow?
Cmb.tech NV's free-cash-flow margin is 3.3% of revenue over the trailing twelve months, ranking 21 of the 28 oil & gas storage & transportation companies we cover.
What is Cmb.tech NV's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Cmb.tech NV's free cash flow after stock-based pay gives ~$21 per share in the base case, and ~$11–$33 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Cmb.tech NV's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Arrowstreet Capital, Limited Partnership, Vanguard Capital Management LLC and Folketrygdfondet. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Does Cmb.tech NV pay a dividend?
Yes: Cmb.tech NV paid $20.2M in dividends over the trailing twelve months, a dividend yield of 0.40% and a payout ratio of 12.5%.
How much debt does Cmb.tech NV have?
Cmb.tech NV's debt-to-equity ratio is 108.2%, from its latest balance sheet (36.2% five years earlier). The financial health section below sets out its other solvency checks.
Who are Cmb.tech NV's competitors?
In our Oil & Gas Storage & Transportation peer group, the companies closest to Cmb.tech NV are Hess Midstream LP, Genesis Energy LP, Excelerate Energy, Inc., Frontline plc and South Bow Corp. The side-by-side comparison below sets their revenue, margins and growth against Cmb.tech NV's.
When is Cmb.tech NV's next earnings date?
Around November 26, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Cmb.tech NV announces its own schedule.