Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
SBM Offshore N.V. is a Dutch public company with limited liability, specializing in floating production solutions for the global offshore energy industry. It operates primarily through two segments: Lease and Operate, which involves owning and managing a fleet of 14 FPSOs and one semi-submersible unit, and Turnkey, encompassing the design, supply, installation, operation, demobilization, and life extension of these vessels. The company provides advanced systems such as catenary anchor leg mooring (CALM) buoys, turret mooring systems, tension leg platforms, and emerging floating offshore wind and wave energy technologies, supporting the full lifecycle from exploration to decommissioning. Founded in 1862 and headquartered in Schiphol, Netherlands, SBM Offshore pioneers innovations like the Fast4Ward® program for standardized, efficient FPSO construction, reducing cycle times and de-risking projects while advancing its Ambition 2030 to derive 25% of revenues from gas and renewables. With over 7,800 employees, nearly 385 years of cumulative operational experience, and a production capacity of about 2 million barrels of oil per day, it drives the energy transition through sustainable practices, digital solutions, and a commitment to integrity, care, collaboration, and ownership, positioning itself as a leader in deepwater ocean infrastructure and the blue economy.
29.80% operating margin is above average. ROIC at 10.46%.
Revenue up 23.4% YoY with margins expanding 10.9pp. However, free cash flow softened 16%, worth monitoring whether this is timing or structural.
Free cash flow declined 16% versus the prior year, cash generation momentum has weakened. Net debt of $8.07B represents 7.0x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$5.90B
▲ +23.4% YoY
Net Income (TTM)
$1.11B
▲ +425.6% YoY
Op. Margin
29.80%
▲ +10.9pp YoY
ROIC
10.46%
▲ +5.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1.15B
▼ -16.2% YoY
Op. Cash Flow (TTM)
$1.18B
▼ -18.4% YoY
Net Debt
$8.07B
Cash & Equiv.
$1.09B
3Y CAGR: +12.1%
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