NYSE : SMHI
SEACOR Marine Holdings Inc. — Financial statements
Industrials · Marine Shipping · United States
Last price 9.86 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 267.71M
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Financial statements
SEACOR Marine Holdings Inc. (SMHI) reported revenue of 208.49M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 208.49M | 227.83M | 271.36M | 279.51M | 217.32M | 170.94M |
| Cost of Revenue | 166.35M | 182.97M | 198.93M | 162.40M | 175.85M | 133.49M |
| Gross Profit | 42.14M | 44.86M | 72.43M | 117.11M | 41.47M | 37.45M |
| Selling, General & Admin | 45.06M | 47.48M | 44.71M | 49.18M | 40.91M | 37.64M |
| Operating Expenses | 86.11M | 94.55M | 96.34M | 103.00M | 96.87M | 95.03M |
| Operating Income | -43.97M | -49.70M | -23.91M | 14.11M | -55.40M | -57.58M |
| Interest Expense | -32.74M | -36.05M | -40.63M | -37.50M | -29.71M | -28.11M |
| Interest & Investment Income | 2.10M | 1.86M | 1.77M | 1.44M | 784.00K | 1.30M |
| Earnings From Equity Investments | 283.00K | 1.73M | 2.31M | 3.56M | 7.01M | 15.08M |
| Currency Exchange Gain (Loss) | -340.00K | -3.13M | -1.05M | -2.13M | 1.66M | -1.24M |
| Other Non Operating Income (Expenses) | -18.00K | -33.00K | -787.00K | 608.00K | 755.00K | 384.00K |
| EBT Excluding Unusual Items | -74.68M | -85.33M | -62.30M | -19.92M | -74.89M | -70.17M |
| Gain (Loss) on Sale of Investments | 9.44M | |||||
| Gain (Loss) on Sale of Assets | 47.00M | 63.41M | 17.20M | 21.10M | 3.90M | 20.44M |
| Asset Writedown | -3.72M | 309.00K | -2.50M | |||
| Other Unusual Items | -31.92M | -2.00M | 10.43M | 61.99M | ||
| Pretax Income | -27.68M | -17.33M | -80.74M | -515.00K | -63.07M | 21.70M |
| Income Tax Expense | 8.92M | 10.51M | -2.62M | 8.80M | 8.58M | 11.49M |
| Earnings From Continuing Operations | -36.60M | -27.84M | -78.12M | -9.31M | -71.65M | 10.21M |
| Earnings From Discontinued Operations | 22.93M | |||||
| Net Income to Company | -36.60M | -27.84M | -78.12M | -9.31M | -71.65M | 33.14M |
| Minority Interest in Earnings | -1.00K | -1.00K | ||||
| Net Income | -36.60M | -27.84M | -78.12M | -9.31M | -71.65M | 33.14M |
| Net Income to Common | -36.60M | -27.84M | -78.12M | -9.31M | -71.65M | 33.14M |
| Shares Outstanding (Basic) | 25.92M | 26.22M | 27.66M | 27.08M | 26.63M | 25.44M |
| Shares Outstanding (Diluted) | 25.92M | 26.22M | 27.66M | 27.08M | 26.63M | 25.50M |
| EPS (Basic) | -1.41 | -1.06 | -2.82 | -0.34 | -2.69 | 1.30 |
| EPS (Diluted) | -1.42 | -1.06 | -2.82 | -0.34 | -2.69 | 1.30 |
| Free Cash Flow | -71.67M | -85.18M | -17.56M | -1.66M | -15.08M | 2.25M |
| Free Cash Flow Per Share | -2.77 | -3.25 | -0.64 | -0.06 | -0.57 | 0.09 |
| Gross Margin | 20.21% | 19.69% | 26.69% | 41.90% | 19.08% | 21.91% |
| Operating Margin | -21.09% | -21.81% | -8.81% | 5.05% | -25.49% | -33.69% |
| Profit Margin | -17.55% | -12.22% | -28.79% | -3.33% | -32.97% | 19.38% |
| Free Cash Flow Margin | -34.38% | -37.39% | -6.47% | -0.59% | -6.94% | 1.32% |
| EBITDA | -2.92M | -2.63M | 27.72M | 67.93M | 560.00K | -189.00K |
| EBITDA Margin | -1.40% | -1.15% | 10.21% | 24.30% | 0.26% | -0.11% |
| D&A For EBITDA | 41.05M | 47.07M | 51.63M | 53.82M | 55.96M | 57.40M |
| EBIT | -43.97M | -49.70M | -23.91M | 14.11M | -55.40M | -57.58M |
| EBIT Margin | -21.09% | -21.81% | -8.81% | 5.05% | -25.49% | -33.69% |
| Effective Tax Rate | 52.95% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 41.92M | 68.93M | 59.49M | 67.45M | 39.96M | 37.62M |
| Cash & Short-Term Investments | 41.92M | 68.93M | 59.49M | 67.45M | 39.96M | 37.62M |
| Accounts Receivable | 66.83M | 64.52M | 69.89M | 63.73M | 54.39M | 55.54M |
| Other Receivables | 6.28M | 3.96M | 9.51M | 11.42M | 7.95M | 7.36M |
| Receivables | 73.11M | 68.49M | 79.40M | 75.15M | 77.34M | 62.90M |
| Inventory | 2.04M | 2.20M | 2.76M | 1.61M | 2.12M | 928.00K |
| Prepaid Expenses | 6.10M | 5.17M | 4.41M | 2.69M | 3.05M | 3.73M |
| Restricted Cash | 33.67M | 24.18M | 16.65M | 16.68M | 3.08M | 3.60M |
| Other Current Assets | 10.81M | 10.94M | 1.11M | 6.75M | 2.23M | |
| Total Current Assets | 156.84M | 179.78M | 173.65M | 164.69M | 132.31M | 111.01M |
| Property, Plant & Equipment | 456.80M | 476.02M | 548.34M | 609.37M | 678.03M | 727.99M |
| Long-Term Investments | 956.00K | 2.94M | 3.54M | 4.12M | 3.02M | 71.73M |
| Other Long-Term Assets | 1.92M | 1.85M | 1.58M | 2.15M | 2.00M | 1.77M |
| Total Assets | 616.51M | 660.60M | 727.11M | 780.34M | 815.37M | 912.50M |
| Accounts Payable | 12.21M | 21.27M | 29.24M | 27.56M | 37.95M | 28.42M |
| Accrued Expenses | 3.85M | 5.36M | 6.85M | 6.93M | 6.67M | 7.20M |
| Current Portion of Long-Term Debt | 31.05M | 30.00M | 27.50M | 28.36M | 61.51M | 33.43M |
| Current Portion of Leases | 488.00K | 417.00K | 623.00K | 1.63M | 2.83M | 2.02M |
| Current Unearned Revenue | 872.00K | 1.10M | 2.53M | 687.00K | 2.33M | 1.61M |
| Other Current Liabilities | 22.74M | 12.59M | 18.30M | 11.91M | 9.87M | 11.99M |
| Total Current Liabilities | 71.21M | 70.73M | 85.04M | 77.09M | 121.16M | 84.67M |
| Long-Term Debt | 281.94M | 304.64M | 317.34M | 287.54M | 260.12M | 332.76M |
| Long-Term Leases | 561.00K | 615.00K | 3.00M | 3.54M | 11.52M | 4.96M |
| Long-Term Unearned Revenue | 489.00K | 565.00K | 1.37M | 2.23M | 2.64M | 2.89M |
| Long-Term Deferred Tax Liabilities | 18.18M | 19.38M | 22.04M | 35.72M | 40.78M | 40.68M |
| Total Liabilities | 372.37M | 395.93M | 428.79M | 406.11M | 436.22M | 465.96M |
| Common Stock | 285.00K | 280.00K | 287.00K | 280.00K | 272.00K | 262.00K |
| Additional Paid-In Capital | 475.60M | 471.86M | 479.28M | 472.69M | 466.67M | 461.93M |
| Retained Earnings | -230.42M | -208.44M | -180.60M | -102.42M | -93.11M | -22.91M |
| Treasury Stock | -11.47M | -9.69M | -8.11M | -4.22M | -1.85M | -1.12M |
| Comprehensive Income & Other | 9.82M | 10.34M | 7.14M | 7.58M | 6.85M | 8.05M |
| Total Common Equity | 243.82M | 264.35M | 298.00M | 373.90M | 378.82M | 446.22M |
| Minority Interest | 321.00K | 321.00K | 321.00K | 321.00K | 321.00K | 320.00K |
| Shareholders' Equity | 244.14M | 264.67M | 298.32M | 374.22M | 379.15M | 446.54M |
| Total Liabilities & Equity | 616.51M | 660.60M | 727.11M | 780.34M | 815.37M | 912.50M |
| Total Debt | 314.03M | 335.68M | 348.46M | 321.07M | 335.98M | 373.18M |
| Net Cash (Debt) | -272.11M | -266.74M | -288.97M | -253.62M | -296.01M | -335.56M |
| Net Cash Per Share | -10.50 | -10.17 | -10.45 | -9.36 | -11.12 | -13.16 |
| Filing Date Shares Outstanding | 27.15M | 26.95M | 27.67M | 27.18M | 26.81M | 25.99M |
| Total Common Shares Outstanding | 27.15M | 26.95M | 27.67M | 27.18M | 26.70M | 25.99M |
| Working Capital | 85.62M | 109.06M | 88.61M | 87.60M | 11.15M | 26.35M |
| Book Value Per Share | 8.98 | 9.81 | 10.77 | 13.75 | 14.19 | 17.17 |
| Tangible Book Value | 243.82M | 264.35M | 298.00M | 373.90M | 378.82M | 446.22M |
| Tangible Book Value Per Share | 8.98 | 9.81 | 10.77 | 13.75 | 14.19 | 17.17 |
| Machinery | 765.59M | 888.89M | 906.62M | 955.08M | 995.44M | |
| Construction In Progress | 61.48M | 47.00M | 11.90M | 10.36M | 8.11M | 15.53M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -36.60M | -27.84M | -78.12M | -9.31M | -71.65M | 33.14M |
| Depreciation & Amortization | 41.05M | 47.07M | 51.63M | 53.82M | 55.96M | 57.40M |
| Other Amortization | 1.25M | 1.11M | 8.92M | 8.34M | 6.70M | 7.96M |
| Loss (Gain) From Sale of Assets | -47.00M | -63.41M | -13.48M | -21.41M | -1.40M | -43.19M |
| Loss (Gain) From Sale of Investments | -9.44M | |||||
| Loss (Gain) on Equity Investments | 1.74M | 1.47M | 608.00K | -1.31M | -3.95M | -9.75M |
| Stock-Based Compensation | 5.28M | 6.33M | 6.46M | 6.00M | 4.60M | 5.45M |
| Provision & Write-off of Bad Debts | -625.00K | -613.00K | 202.00K | 3.52M | 489.00K | 863.00K |
| Other Operating Activities | -1.95M | 14.00K | 16.69M | -2.58M | -14.77M | -59.19M |
| Change in Accounts Receivable | 7.21M | 11.14M | -4.60M | -17.21M | -652.00K | 22.44M |
| Change in Accounts Payable | -12.08M | -11.74M | 2.75M | -13.19M | 7.50M | 471.00K |
| Change in Other Net Operating Assets | -1.93M | 75.00K | -1.31M | 2.29M | 2.56M | 3.11M |
| Operating Cash Flow | -43.66M | -36.40M | -10.26M | 8.95M | -14.62M | 9.26M |
| Capital Expenditures | -28.02M | -48.78M | -7.29M | -10.60M | -462.00K | -7.00M |
| Sale of Property, Plant & Equipment | 70.80M | 129.22M | 24.86M | 44.73M | 6.73M | 30.14M |
| Cash Acquisitions | 172.00K | |||||
| Divestitures | 38.72M | |||||
| Investment in Securities | 66.00M | 6.43M | ||||
| Other Investing Activities | 15.00M | -14.47M | 3.35M | |||
| Investing Cash Flow | 42.78M | 80.44M | 17.56M | 49.13M | 57.80M | 71.80M |
| Long-Term Debt Issued | 15.80M | 345.19M | 148.47M | |||
| Long-Term Debt Repaid | -27.52M | -24.35M | -29.70M | -38.50M | -78.15M | |
| Net Debt Issued (Repaid) | -30.02M | -11.72M | 320.84M | 118.78M | -38.50M | -78.15M |
| Issuance of Common Stock | 80.00K | 140.00K | 30.00K | 151.00K | 1.00K | |
| Repurchase of Common Stock | -1.83M | -8.67M | -3.89M | -2.37M | -732.00K | -272.00K |
| Other Financing Activities | 22.00K | -6.67M | -332.38M | -133.43M | -2.27M | -755.00K |
| Financing Cash Flow | -31.75M | -27.06M | -15.29M | -16.99M | -41.35M | -79.18M |
| Foreign Exchange Rate Adjustments | 2.00K | 3.00K | -4.00K | -22.00K | ||
| Miscellaneous Cash Flow Adjustments | -171.00K | |||||
| Net Cash Flow | -32.62M | 16.98M | -7.99M | 41.09M | 1.82M | 1.68M |
| Free Cash Flow | -71.67M | -85.18M | -17.56M | -1.66M | -15.08M | 2.25M |
| Free Cash Flow Margin | -34.38% | -37.39% | -6.47% | -0.59% | -6.94% | 1.32% |
| Free Cash Flow Per Share | -2.77 | -3.25 | -0.64 | -0.06 | -0.57 | 0.09 |
| Levered Free Cash Flow | -50.53M | -60.79M | 12.62M | 28.63M | 2.66M | 43.48M |
| Unlevered Free Cash Flow | -31.32M | -39.37M | 29.09M | 43.73M | 14.53M | 53.09M |
| Cash Interest Paid | 31.48M | 34.94M | 35.61M | 31.45M | 25.24M | 24.14M |
| Cash Income Tax Paid | 1.04M | 49.00K | 625.00K | 2.96M | -885.00K | -32.76M |
| Change in Working Capital | -6.80M | -523.00K | -3.17M | -28.11M | 9.41M | 26.02M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 254.41M | 162.40M | 181.35M | 341.94M | 244.59M | 82.88M |
| Enterprise Value | 526.51M | 414.72M | 450.74M | 611.74M | 550.36M | 399.38M |
| Last Close Price | 9.37 | 6.02 | 6.56 | 12.59 | 9.16 | 3.40 |
| PE Ratio | 2.50 | |||||
| PS Ratio | 1.22 | 0.71 | 0.67 | 1.22 | 1.12 | 0.48 |
| PB Ratio | 1.04 | 0.61 | 0.61 | 0.91 | 0.65 | 0.19 |
| P/TBV Ratio | 1.04 | 0.61 | 0.61 | 0.92 | 0.65 | 0.19 |
| P/FCF Ratio | 36.80 | |||||
| P/OCF Ratio | 38.22 | 8.96 | ||||
| EV/Sales Ratio | 2.53 | 1.82 | 1.66 | 2.19 | 2.53 | 2.34 |
| EV/EBITDA Ratio | 16.26 | 9.01 | 982.79 | |||
| EV/EBIT Ratio | 43.36 | |||||
| EV/FCF Ratio | 177.34 | |||||
| Debt / Equity Ratio | 1.29 | 1.27 | 1.17 | 0.86 | 0.89 | 0.84 |
| Debt / EBITDA Ratio | 11.85 | 4.54 | 75.86 | 63.29 | ||
| Debt / FCF Ratio | 165.71 | |||||
| Net Debt / Equity Ratio | 1.11 | 1.01 | 0.97 | 0.68 | 0.78 | 0.75 |
| Net Debt / EBITDA Ratio | -93.06 | -101.58 | 10.43 | 3.73 | 528.60 | -1,775.43 |
| Net Debt / FCF Ratio | -3.80 | -3.13 | -16.46 | -153.06 | -19.63 | 149.00 |
| Asset Turnover | 0.32 | 0.33 | 0.36 | 0.35 | 0.25 | 0.18 |
| Inventory Turnover | 72.49 | 73.84 | 91.06 | 87.03 | 115.28 | 177.51 |
| Quick Ratio | 1.61 | 1.94 | 1.63 | 1.85 | 0.84 | 1.19 |
| Current Ratio | 2.20 | 2.54 | 2.04 | 2.14 | 1.09 | 1.31 |
| Return on Equity (ROE) | -14.03% | -9.89% | -23.23% | -2.47% | -17.36% | 2.41% |
| Return on Assets (ROA) | -4.20% | -4.48% | -1.98% | 1.10% | -4.01% | -3.73% |
| Return on Invested Capital (ROIC) | -8.50% | -8.88% | -3.94% | 2.17% | -7.60% | -3.31% |
| Return on Capital Employed (ROCE) | -8.10% | -8.40% | -3.70% | 2.00% | -8.00% | -7.00% |
| Earnings Yield | -15.11% | -17.15% | -43.08% | -2.72% | -29.29% | 39.98% |
| FCF Yield | -28.17% | -52.45% | -9.68% | -0.48% | -6.17% | 2.72% |
| Buyback Yield / Dilution | 3.10% | 5.18% | -2.11% | -1.71% | -4.44% | -2.86% |