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McDermott InternationalMCDIF -13.73%25 Net-Net Working Capital is $-213.16 as of Dec. 2025. GuruFocus rates MCDIF with a GF Score™ of 25/100. The stock has 1 warning sign investors should review. Among 486 Construction companies, McDermott International ranks worse than 205761.11% on this metric.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
McDermott International's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $-213.16.
The industry rank for McDermott International's Net-Net Working Capital or its related term are showing as below:
MCDIF's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 6.22 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
McDermott International (OTCPK:MCDIF) Net-Net Working Capital Explanation
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
McDermott International Net-Net Working Capital Related Terms
McDermott International Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for McDermott International's Net-Net Working Capital can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
McDermott International Net-Net Working Capital Chart
McDermott International Annual Data
Trend
Dec24
Dec25
Net-Net Working Capital
-21,982.38
-213.16
McDermott International Semi-Annual Data
Dec24
Dec25
Net-Net Working Capital
-21,982.38
-213.16
MCDIF vs MTRX, PHOE, BWMN: Net-Net Working Capital Comparison
For the Engineering & Construction subindustry, McDermott International's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
McDermott International Price-to-Net-Net-Working-Capital vs Construction Industry
For the Construction industry and Industrials sector, McDermott International's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where McDermott International's Price-to-Net-Net-Working-Capital falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of $-213.16 mean?
McDermott International (MCDIF) has a Net-Net Working Capital of $-213.16 as of Dec. 2025. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on McDermott International According to the industry distribution chart, McDermott International ranks #999999 out of 486 companies in the Construction industry.
Is McDermott International's Net-Net Working Capital too high?
McDermott International's current Net-Net Working Capital is $-213.16. Based on the distribution chart, McDermott International ranks #999999 out of 486 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, McDermott International has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does McDermott International's Net-Net Working Capital compare to MTRX and PHOE?
According to the Construction industry distribution chart, McDermott International ranks #999999 out of 486 companies for Net-Net Working Capital. This places McDermott International in the lower half of its industry. The industry median Net-Net Working Capital is 6.22. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Construction company?
The median Net-Net Working Capital among Construction companies is 6.22, based on 486 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on McDermott International For the Construction industry, the median Net-Net Working Capital is 6.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. McDermott International's current Net-Net Working Capital is $-213.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McDermott International stock overvalued right now?
McDermott International (MCDIF) has a current Net-Net Working Capital of $-213.16. The current Net-Net Working Capital is $-213.16. McDermott International's overall GF Score™ is 25/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For McDermott International (MCDIF), the current Net-Net Working Capital is $-213.16 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
McDermott International Ltd is a fully integrated provider of engineering, procurement, construction, and installation (EPCI) solutions to the energy industry globally. The company designs and builds infrastructure to transport and process oil and gas, covering offshore, subsea, liquefied natural gas (LNG), and downstream oil and gas projects, including fixed, floating, and subsea production facilities, pipelines, storage systems, and processing plants. It also provides energy transition and sustainable engineering solutions. The company operates through the Low Carbon Solutions, Offshore Middle East, and Subsea and Floating Facilities segments, serving national and other oil and gas companies across energy-producing regions, and generates the majority of its revenue from United States.
25GF Score
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