Modec (MDIKF) Retained Earnings: $1,091 Mil (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MDIKF Modec Inc MDIKF
64 GF Score
Price $82.01
GF Value $30.29
! 2 Warning Signs
View Full Analysis

What is Modec Retained Earnings?

Modec MDIKF 64 Retained Earnings is $1,091 Mil as of Mar. 2026. GuruFocus rates MDIKF with a GF Score™ of 64/100 and a GF Value™ of $30.29. The stock has 2 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Modec's retained earnings for the quarter that ended in Mar. 2026 was $1,091 Mil.

Modec's quarterly retained earnings increased from Sep. 2025 ($916 Mil) to Dec. 2025 ($1,027 Mil) and increased from Dec. 2025 ($1,027 Mil) to Mar. 2026 ($1,091 Mil).

Modec's annual retained earnings increased from Dec. 2023 ($522 Mil) to Dec. 2024 ($723 Mil) and increased from Dec. 2024 ($723 Mil) to Dec. 2025 ($1,027 Mil).


Modec  (OTCPK:MDIKF) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Modec Retained Earnings Historical Data

* Premium members only.

The historical data trend for Modec's Retained Earnings 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.

Modec Retained Earnings Chart

Modec Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 85.96 131.00 522.26 722.72 1,027.41

Modec Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 755.33 843.32 915.68 1,027.41 1,091.45
MDIKF
64GF Score
Modec Inc MDIKF
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Modec Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of $1,091 Mil mean?
Modec (MDIKF) has a Retained Earnings of $1,091 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Modec and its competitors.
Is Modec's Retained Earnings too high?
Modec's current Retained Earnings is $1,091 Mil. Overall, Modec has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Modec's Retained Earnings compare to SLB and BKR?
Modec's Retained Earnings of $1,091 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Oil & Gas company?
A good Retained Earnings depends on the Oil & Gas industry context. However, Retained Earnings 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 Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Modec and its competitors. Modec's current Retained Earnings is $1,091 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modec stock overvalued right now?
Modec (MDIKF) has a current Retained Earnings of $1,091 Mil. The stock's GF Value™ is $30.29, compared to a current price of $82.01 — trading 170.7% above its estimated fair value. The current Retained Earnings is $1,091 Mil. Modec's overall GF Score™ is 64/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Modec (MDIKF), the current Retained Earnings is $1,091 Mil as of Mar. 2026. 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.

Is Modec (MDIKF) Overvalued in 2026?

Based on GuruFocus' analysis, Modec stock appears to be overvalued. The current stock price of $82.01 is trading 170.7% above its estimated GF Value™ of $30.29.

Key valuation signals for MDIKF:

  • Retained Earnings: $1,091 Mil
  • GF Value™: $30.29 vs. price of $82.01 (170.7% above fair value)
  • GF Score™: 64/100 with 2 warning signs

No single metric tells the full story. See the MDIKF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Modec Business Description

Industry EnergyOil & Gas
Other Exchanges 6269:Japan
Address 3-10 Nihonbashi Maruzen Tokyu Building 4th & 5th Floors, 2-chome Chuo-ku, Nihonbashi, Tokyo, JPN, 100-0027
Modec Inc operates as a general contractor with specialization in engineering, procurement, construction, and installation of floating production systems. It offers floating production storage and offloading vessels, floating storage and offloading vessels, tension leg platforms, semisubmersibles, and mobile offshore production units. The company also offers operation of its production systems and maintenance services across the globe. Although Modec services offshore markets worldwide, the majority of revenue is derived from Brazilian markets. Modec's vessels are designed to retrieve fluids and gases from reservoirs ranging from subsea to deepwater.
64GF Score

Get the complete analysis for MDIKF

Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$82.01
Price
$30.29
GF Value