SEACOR Marine Holdings Inc. (SMHI)

SEACOR Marine Holdings Inc. provides marine and support transportation services to offshore energy facilities worldwide. The company engages in the operation and management of a fleet of offshore support vessels that deliver cargo and personnel to offshore installations, including offshore wind farms; assisting in offshore operations for production and storage facilities; and carrying and launching of equipment used underwater in drilling and well installation, maintenance, inspection and repair. It also provides construction, well work-over, offshore wind farm installation and decommissioning support services; emergency response services; and accommodations for technicians and specialists. As of December 31, 2025, the Company operated a fleet of 44 support vessels, of which all were owned. It serves integrated national and international oil companies, independent oil and natural gas exploration and production companies, and oil field service and construction companies, as well as offshore wind farm operators and offshore wind farm installation and maintenance companies. SEACOR Marine Holdings Inc. was founded in 1989 and is headquartered in Houston, Texas.

Ticker: SMHI
Exchange: NYSE
Sector: Industrials
Industry: Marine Shipping
Market cap: $228.87M
52-week range: $5.75 - $10.00

Valuation

Share price: $8.75 (close of Nov 6, 2026)
P/E (TTM): -6.23x
Price to book: 0.94x
Price to free cash flow: -3.19x
Enterprise value: $500.98M
Book value per share: $9.33

Price performance

Period	Change
1 day	+1.04%
5 days	-11.26%
1 month	+4.42%
3 months	-7.41%
6 months	+15.13%
Year to date	+45.35%
1 year	+31.58%
3 years	-35.61%
5 years	+78.57%
All time	-57.50%

Short interest

As of: Oct 15, 2026
Short % of float: 3.97%
Shares short: 920.31K
Days to cover: 10.08
Change since prior report: +2.68%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: -10.52%
Return on invested capital: 1.14%
Return on assets: -4.21%
Return on capital employed: 2.33%
Gross margin: 20.22%
Net margin: -12.22%
EBITDA margin: -1.15%
Revenue growth: -16.04%

Cash flow and balance sheet

Free cash flow yield (TTM): -31.32%
Current ratio: 2.20x
Net debt to EBITDA: 5.94x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $227.83M
Cost of revenue: $181.77M
Gross profit: $46.06M
EBITDA: -$2.63M
Net income: -$27.84M
Earnings per share: $-1.06
Interest expense: $36.05M
Shares outstanding: 26.22M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$227.83M	$46.06M	-$27.84M	-$1.06
2024-12-31	$271.36M	$74.11M	-$78.12M	-$2.82
2023-12-31	$279.51M	$119.86M	-$9.31M	-$0.34
2022-12-31	$217.32M	$45.34M	-$71.65M	-$2.69
2021-12-31	$170.94M	$43.53M	$33.14M	$1.30
2020-12-31	$141.84M	$50.69M	-$78.92M	-$3.18
2019-12-31	$174.45M	$64.93M	-$92.84M	-$3.95
2018-12-31	$179.16M	$59.57M	-$77.61M	-$3.70
2017-12-31	$173.78M	$18.60M	-$32.90M	-$1.87
2016-12-31	$215.64M	$66.29M	-$132.05M	-$7.47

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	20.22%	-12.22%	-10.52%	1.14%
2024-12-31	27.31%	-28.79%	-26.19%	-1.21%
2023-12-31	42.88%	-3.33%	-2.49%	3.84%
2022-12-31	20.86%	-32.97%	-18.90%	-7.55%
2021-12-31	25.47%	19.38%	7.42%	-4.54%
2020-12-31	35.74%	-55.64%	-19.64%	-5.50%
2019-12-31	37.22%	-53.22%	-19.38%	-5.29%
2018-12-31	33.25%	-43.32%	-13.73%	-5.66%
2017-12-31	10.70%	-18.93%	-6.44%	-7.85%
2016-12-31	30.74%	-61.24%	-24.00%	-14.13%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$68.93M	$304.64M
2024-12-31	$59.49M	$317.34M
2023-12-31	$67.45M	$287.54M
2022-12-31	$39.96M	$260.12M
2021-12-31	$37.62M	$332.76M
2020-12-31	$32.67M	$440.51M
2019-12-31	$81.38M	$355.71M
2018-12-31	$91.60M	$387.85M
2017-12-31	$110.23M	$292.04M
2016-12-31	$117.31M	$217.81M

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	-$85.18M	$6.33M
2024-12-31	-$17.56M	$6.46M
2023-12-31	-$1.66M	$6.00M
2022-12-31	-$15.08M	$4.60M
2021-12-31	$2.25M	$5.45M
2020-12-31	-$50.35M	$4.82M
2019-12-31	-$43.11M	$5.36M
2018-12-31	-$88.67M	-
2017-12-31	-$34.24M	$726.00K
2016-12-31	-$130.07M	-

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-10-28	Sep 2026	-$0.61
2026-07-29	Jun 2026	-$1.24
2026-04-29	Mar 2026	-$0.92
2026-02-25	Dec 2025	-$0.65
2025-10-29	Sep 2025	-$0.59
2025-07-30	Jun 2025	-$0.27
2025-04-30	Mar 2025	-$0.57
2025-02-26	Dec 2024	-$0.67

Filings and sources

Company website: seacormarine.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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