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McDermott is a global upstream and downstream engineering, procurement, construction, and installation company. The company provides petrochemical, refining, gasification, and gas processing technologies. Its offerings include offshore oil and gas production systems, subsea production systems, onshore oil and gas field production, onshore and offshore pipelines, and natural gas processing. McDermott also provides a range of EPC services for the LNG industry comprising liquefaction plants, regasification terminals, peak shaving facilities, storage tanks, and FLNG topsides.

HQHouston, US
Employee Ratings3.4

Latest Updates

Employees (est.) (Dec 2018)31,900(+171%)
Job Openings900
Revenue (FY, 2018)$6.7 B(+125%)
Share Price (Oct 2019)$2 (+5%)

Key People/Management at McDermott

David Dickson

David Dickson

President and Chief Executive Officer
Samik Mukherjee

Samik Mukherjee

Executive Vice President and Chief Operating Officer
Stuart Spence

Stuart Spence

Executive Vice President and Chief Financial Officer
John M. Freeman

John M. Freeman

Executive Vice President and Chief Legal Officer
Stephen L. Allen

Stephen L. Allen

Senior Vice President and Chief Human Resources Officer
Brian McLaughlin

Brian McLaughlin

Senior Vice President and Chief Commercial Officer
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McDermott Office Locations

McDermott has offices in Houston, Alpharetta, Baton Rouge, Bloomfield and in 61 other locations
Houston, US (HQ)
757 N Eldridge Pkwy
Alpharetta, US
11560 Great Oaks Way #500
Baton Rouge, US
11115 Industriplex Blvd
Bloomfield, US
1515 Broad St
Canton, US
150 Royall St
Charlotte, US
500 E Morehead St #400
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McDermott Financials and Metrics

McDermott Revenue

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McDermott's revenue was reported to be $6.71 b in FY, 2018 which is a 124.6% increase from the previous period.

Revenue (Q2, 2019)


Gross profit (Q2, 2019)


Gross profit margin (Q2, 2019), %


Net income (Q2, 2019)


EBIT (Q2, 2019)


Market capitalization (11-Oct-2019)


Closing stock price (11-Oct-2019)

McDermott's current market capitalization is $370.7 m.
USDFY, 2016FY, 2017FY, 2018



Revenue growth, %


Cost of goods sold


Gross profit

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019



Cost of goods sold


Gross profit


Gross profit Margin, %

USDFY, 2016FY, 2017FY, 2018



Accounts Receivable




Current Assets

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019



Accounts Receivable




Current Assets

USDFY, 2016FY, 2017FY, 2018

Net Income


Depreciation and Amortization


Accounts Payable


Cash From Operating Activities

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income


Depreciation and Amortization




Accounts Payable

USDY, 2019

Financial Leverage

18.6 x
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McDermott Operating Metrics

McDermott's Backlog was reported to be $15.4b in Q1, 2019.
Q1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019

New Orders

$289.80 m$2.56 b$321.20 m$842 m$3.05 b$1.43 b$6.67 b


$3.84 b$4.37 b$3.92 b$4.32 b$3.90 b$3.30 b$2.43 b$3.90 b$3.39 b$10.19 b$11.51 b$10.91 b$15.38 b

Book-to-bill Ratio


New Orders (North, Central and South America)

$462 m$2.30 b$404 m$4.31 b
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McDermott Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Chicago Bridge and IronMay 10, 2018$2.87 b
CB&I Group Inc.
CB&I Holdco, LLC
CBI HoldCo Two Inc.
CB&I Nederland B. V.
CB&I Oil & Gas Europe B. V.
CBI US Holding Company Inc.
Chicago Bridge & Iron Company
Chicago Bridge & Iron Company B. V.
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McDermott Revenue Breakdown

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McDermott revenue breakdown by business segment: 58.6% from North, Central and South America, 6.1% from Asia Pacific, 25.4% from Middle East and North Africa, 5.8% from Technology and 4.0% from Other

McDermott revenue breakdown by geographic segment: 8.9% from Other Countries, 19.4% from Saudi Arabia, 55.1% from United States and 16.6% from Other

McDermott Online and Social Media Presence

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McDermott News and Updates

SAP's Bill McDermott explains his decision to step down as CEO

SAP CEO Bill McDermott joins "Squawk Box" to discuss his decision to step down from his role as well as why he feels his successors Christian Klein and Jennifer Morgan are the best people for the job.

SAP's new CEOs shake off recession and trade war risks as Bill McDermott departs

SAP co-CEOs Jennifer Morgan and Christian Klein point to the firm's strong third quarter numbers, which saw revenue up 13% on-year.

SAP sticks to tradition with dual CEO appointments as McDermott departs

Bill McDermott was once a co-CEO of SAP, and so was his predecessor. The tradition continues as SAP looks to keep growing in cloud software.

SAP’s Bill McDermott on stepping down as CEO

SAP’s CEO Bill McDermott today announced that he wouldn’t seek to renew his contract for the next year and step down immediately after nine years at the helm of the German enterprise giant. Shortly after the announcement, I talked to McDermott, as well as SAP’s new co-CEOs Jennifer Morgan and Christ…

In a surprise, SAP CEO Bill McDermott steps down after 9 years in the job

Enterprise software giant SAP SE has a new chief executive — two, actually. The company said today that Chief Executive Officer Bill McDermott (pictured) is stepping down from the company after more than nine years at the helm. McDermott has been replaced by SAP board members Jennifer Morgan and Ch…

UPDATE 2-SAP's McDermott steps down after decade as chief salesman and dealmaker

* Focus now on cloud transition, margin expansion (Adds more context, executive and analyst quotes)
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McDermott Frequently Asked Questions

  • When was McDermott founded?

    McDermott was founded in 1923.

  • Who are McDermott key executives?

    McDermott's key executives are David Dickson, Samik Mukherjee and Stuart Spence.

  • How many employees does McDermott have?

    McDermott has 31,900 employees.

  • What is McDermott revenue?

    Latest McDermott annual revenue is $6.7 b.

  • What is McDermott revenue per employee?

    Latest McDermott revenue per employee is $210.2 k.

  • Who are McDermott competitors?

    Competitors of McDermott include KBR, Dynamic Industries and Plains GP Holdings.

  • Where is McDermott headquarters?

    McDermott headquarters is located at 757 N Eldridge Pkwy, Houston.

  • Where are McDermott offices?

    McDermott has offices in Houston, Alpharetta, Baton Rouge, Bloomfield and in 61 other locations.

  • How many offices does McDermott have?

    McDermott has 80 offices.