Mcdermott International Ltd. (MCDIF)

Mcdermott International Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	9,955	8,212	7,747	6,246
Revenue Growth (YoY)	21.22%	6.00%	24.03%	-
Cost of Revenue	9,516	8,060	7,728	6,141
Gross Profit	439	152	19	105
Selling, General & Admin	189	179	288	247
Research & Development	2	6	7	9
Amortization of Goodwill & Intangibles	57	57	59	72
Operating Expenses	248	242	354	328
Operating Income	191	-90	-335	-223
Interest Expense	-158	-222	-186	-154
Earnings From Equity Investments	35	12	31	6
Currency Exchange Gain (Loss)	-144	54	-	-
Other Non Operating Income (Expenses)	-1	-12	-16	9
EBT Excluding Unusual Items	-77	-258	-506	-362
Merger & Restructuring Charges	-8	-33	-54	-
Gain (Loss) on Sale of Investments	-	-	-	13
Gain (Loss) on Sale of Assets	1	-5	-1	224
Asset Writedown	-	-9	-9	-9
Pretax Income	-84	-305	-568	-134
Income Tax Expense	87	97	115	102
Earnings From Continuing Operations	-171	-402	-683	-236
Earnings From Discontinued Operations	-	276	-	-
Net Income to Company	-171	-126	-683	-236
Minority Interest in Earnings	3	11	-	2
Net Income	-168	-115	-683	-234
Preferred Dividends & Other Adjustments	-	187	64	48
Net Income to Common	-168	-302	-747	-282
Shares Outstanding (Basic)	29	28	655	-
Shares Outstanding (Diluted)	29	28	655	-
Shares Change (YoY)	0.35%	-95.66%	-	-
EPS (Basic)	-5.89	-10.63	-1.14	-
EPS (Diluted)	-5.89	-10.63	-1.14	-
Free Cash Flow	261	136	-165	-394
Free Cash Flow Per Share	9.16	4.79	-0.25	-
Gross Margin	4.41%	1.85%	0.24%	1.68%
Operating Margin	1.92%	-1.10%	-4.32%	-3.57%
Profit Margin	-1.69%	-3.68%	-9.64%	-4.52%
Free Cash Flow Margin	2.62%	1.66%	-2.13%	-6.31%
EBITDA	325	37	-187	-81
EBITDA Margin	3.26%	0.45%	-2.41%	-1.30%
D&A For EBITDA	134	127	148	142
EBIT	191	-90	-335	-223
EBIT Margin	1.92%	-1.10%	-4.32%	-3.57%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.