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  2. •

    Energy

  3. •

    Oil & Gas Equipment & Services
MODEC, Inc.

MODEC, Inc.

MDIKF
MODEC, Inc.US flagOther OTC
82.01
USD
- -
- -
5.60BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
52.24
59.41
43.5
34.86
30.06
35.66
54.21
48.56
69.19
48.61
57.27
61.35
67.07
43.48
Basic EPS, GAAP
1.01
0.85
0.86
3.18
3.06
3.52
-2.97
-2.34
-6.46
0.66
1.55
3.23
5.28
2.71
Free Cash Flow per Basic Share
-4.46
1.35
0.65
4.17
-1.23
6.75
-0.97
4.71
2.18
-3.83
7.66
8.04
3.46
10.14
Dividend per Share
0.27
0.25
0.28
0.31
0.34
0.46
0.49
0.43
0.34
- -
- -
0.33
0.74
0.13
Book Value per Share
10.41
10.12
10.06
13.24
16.45
19.88
16.07
13.24
6.53
7.33
11.42
13.38
17.83
- -
Tangible Book Value per Share
15
15.98
15.82
19.28
22.16
25
18.29
14.18
8.41
13.68
15.79
16.98
21.16
- -
Basic Weighted Avg Shares
46
53
56
56
56
56
56
56
56
56
62
68
68
68
Sales/Revenue/Turnover
2,424
3,168
2,453
1,966
1,696
2,011
3,055
2,737
3,900
2,740
3,575
4,186
4,581
2,967
Operating Margin (%)
1.46
2.26
1.72
7.83
5.99
6.73
-1.46
-7.13
-8.89
-1.88
1.8
4.03
6.63
5.27
Depreciation Expense
44
47
50
49
43
20
31
37
41
40
41
39
39
28
Net Income, GAAP
47
45
48
180
173
198
-167
-132
-364
37
97
220
361
185
Effective Tax Rate (%)
42.29
55.86
57.77
29.39
19.61
21.65
- -
- -
- -
24.97
41.33
14.5
19.21
27.48
Profit Margin (%)
1.93
1.43
1.97
9.14
10.18
9.86
-5.48
-4.82
-9.33
1.36
2.7
5.26
7.87
6.22
Working Capital
56
476
538
646
616
612
111
-146
-604
-357
-209
-324
-185
- -
LT Debt
150
128
417
363
280
226
99
46
- -
374
513
459
183
- -
Total Equity
767
918
954
1,151
1,316
1,494
1,091
868
555
841
1,035
1,198
1,474
- -
Return on Invested Capital (%)
2.16
2.83
1.35
6.97
4.73
5.85
- -
- -
- -
-3.37
2.56
8.25
12.84
13.47
Return on Capital (%)
4.38
3.98
4.98
16.53
12.97
13.47
- -
- -
- -
11.77
9.96
17.94
22.21
31.45
Return on Common Equity (%)
9.1
8.87
8.73
27.34
20.61
19.36
-16.52
-15.97
-65.32
9.56
17.15
27.11
33.85
56.77

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
ST Debt
58
58
- -
LT Borrowings
499
485
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
68
68
- -
Market Capitalization
854
1,202
1,248

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
Total Current Assets
1,907
1,994
- -
Cash, Cash Equivalents & STI
1,001
1,188
- -
Accounts Receivable, Net
572
502
- -
Inventories
- -
- -
- -
Total Current Liabilities
2,221
2,281
- -
Payables & Accruals
- -
- -
- -
ST Debt
58
58
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.84%
15.47%
22.99%
Free Cash Flow
-162.82%
-138.63%
-56.86%
Net Income, GAAP
49.3%
83.18%
63.64%
Sales/Revenue/Turnover
9.62%
13.95%
9.43%
Total Cash Common Dividend
22,478.68%
44,947.23%
125.57%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
823
1,055
- -
- -
4,186
2025
- -
- -
- -
- -
4,581
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.92
0.9
- -
- -
3.23
2025
- -
- -
- -
- -
5.28
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.13
- -
- -
- -
0.33
2025
- -
- -
- -
- -
0.74
2026
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Hirohiko Miyata
Full Time Employees
6,460
Sector
Energy
Industry
Oil & Gas Equipment & Services
Address
Nihonbashi Maruzen Tokyu Building Tokyo TY Japan 103-0027
IPO Date
Apr 12, 2013
Website
modec.com
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Business
MODEC, Inc. (MDIKF) provides engineering, procurement, construction, installation (EPCI), ownership, chartering, operations, and maintenance services for floating production systems in the offshore oil and gas industry; core offerings include floating production storage and offloading (FPSO) units, floating storage and offloading (FSO) units, floating liquefied natural gas (FLNG) units, tension leg platforms (TLPs), semi-submersibles, mooring systems, and emerging technologies for gas production floaters and carbon capture solutions. Founded on December 26, 1968, as Mitsui Ocean Development & Engineering Company and established in its current form on June 1, 1987, the company is headquartered in Tokyo, Japan, with global operations spanning Brazil, West Africa, Southeast Asia, the North Sea, Guyana, Australia, Mexico, Angola, Ghana, Nigeria, Singapore, the United States, and other regions; it maintains subsidiaries such as MODEC International, Inc., MODEC Serviços de Petróleo do Brasil Ltda., and joint ventures including Shape Pte. Ltd. and Offshore Frontier Solutions Pte. Ltd. Recent developments include the November 2025 announcement of a merger between wholly owned subsidiaries MODEC America, Inc. and SOFEC, Inc., effective January 1, 2026, to form an integrated Mooring Solutions Business Unit enhancing global mooring offerings; a substantial order increase driven by a Guyana FPSO contract for Shell’s Hammerhead project following a limited notice to proceed in April 2025; partnerships such as with Shape Digital, Shell Brasil, and Unicamp for AI-based offshore risk monitoring, Terra Drone for drone inspections, and Carbon Clean for offshore carbon capture technology; establishment of OFS India as a global capability center; and upward revisions to its fiscal year 2025 earnings and dividend forecasts.