SEACOR Marine Holdings Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data SEACOR Marine Holdings Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	216	174	179	174	142	171	217	280	271	228
Cost of revenue	149	147	175
Gross profit	66.3	18.6	59.6	64.9	50.7	43.5	45.3	120	74.1	46.1
General and administrative	49.3	49.9	41.6	39.8	40.1	37.6	40.9	49.2	44.7	47.5
Operating expenses	149	147
Operating income	-175	-130	-68.4	-54.3	-71.6	-37.1	-54	35.5	-10.4	13.7
Interest expense	10	16	26.7	29	30.7	28.1	29.7	37.5	40.6	36.1
Interest income	4.46	1.8	1.17	1.39	1.27	1.3	0.78	1.44	1.77	1.86
Other non-operating income	-15.4	11.9	-24	-30.1	-26.5	43.8	-16.1	-39.6	-72.6	-32.8
Pre-tax income	-190	-118	-92.4	-84.5	-98.1	6.63	-70.1	-4.07	-83	-19.1
Income tax	-63.5	-74.4	-13.5	-7.97	-22.9	11.5	8.58	8.8	-2.62	10.5
Income from continuing operations		-39.5	-83	-91	-83.3	10.2	-71.6	-9.31
Net income to minority interests	-1.1	-5.64	-4.44	-5.86	-4.07	0	0	0	0
Net income	-132	-32.9	-77.6	-92.8	-78.9	33.1	-71.7	-9.31	-78.1	-27.8
EBITDA	-117	-69.3	-7	2.84	-14.5	20.2	1.96	89.3	41.2	60.8
EPS, basic	-35.00	-1.87	-3.70	-3.95	-3.18	1.30	-2.69	-0.34	-2.82	-1.06
EPS, diluted	-35.00	-1.87	-3.70	-3.95	-3.18	1.30	-2.69	-0.34	-2.82	-1.06
Shares, basic (weighted)	3.77	17.6	20.9	23.5	24.8	25.4	26.6	27.1	27.7	26.2
Shares, diluted (weighted)	3.77	17.6	20.9	23.5	24.8	25.5	26.6	27.1	27.7	26.2

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	117	110	91.6	81.4	32.7	37.6	40	67.5	59.5	68.9
Short-term investments	40.1	0
Receivables	44.8	45.6	55	43.1	45.3	55.5	54.4	63.7	69.9	64.5
Inventory	3.06	3.76	1.98	1.23	0.58	0.93	2.12	1.61	2.76	2.2
Other current assets	3.35	3.03	2.24	1.94	3.23	3.73	3.05	2.69	4.41	5.17
Total current assets	251	177	179	195	179	111	132	165	174	180
Property, plant and equipment	542	690	744	661	754	721	665	605	545	475
Lease right-of-use assets				16.5	7.13	6.61	6.21	4.29	3.44	0.98
Other non-current assets	6.09	3.85	3.69	3.36	2.73	1.77	2	2.15	1.58	1.86
Total assets	1,015	1,009	1,103	1,009	1,018	913	815	780	727	661
Accounts payable	26	24	18.1	24.6	30	28.4	38	27.6	29.2	21.3
Accrued liabilities	8.57	19.6	4.12	1.55	1.74	3.71	4.36	5.08	5.23	5.36
Deferred revenue	6.95	10.1	1.46	5.3	4.45	1.61	2.33	0.69	2.53	1.1
Short-term debt	20.4	22.9	16.8	17.8	32.4	31.6	61.5	28.4	27.5	30
Total current liabilities	81	99.2	83.6	120	132	84.7	121	77.1	85	70.7
Long-term debt	218	292	388	356	441	333	260	288	317	305
Lease liabilities				9.26	4.35	4.89	4.74	3.53	2.98	0.61
Other non-current liabilities	41.2	31.7	26.6	6.23	3.24	2.89	2.64	2.23	1.37	0.57
Total liabilities	465	485	548	530	616	466	436	406	429	396
Total debt	238	315	405	374	473	364	322	316	345	335
Paid-in capital	306	304	415	429	451	462	467	473	479	472
Retained earnings	249	217	127	27.1	-51.8	-22.9	-93.1	-102	-181	-208
Treasury stock			-0.09	-0.67	-0.85	-1.12	-1.85	-4.22	-8.11	-9.69
Other comprehensive income	-11.3	-12.5	-16.8	1.55	2.79	8.06	6.85	7.58	7.14	10.3
Shareholders' equity	545	508	526	457	402	446	379	374	298	264
Minority interests	5.54	15	29.4	21.4	0.32	0.32	0.32	0.32	0.32	0.32
Total equity	550	511	565	479	402	447	379	374	298	265
Total liabilities and equity	1,015	1,009	1,103	1,009	1,018	913	815	780	727	661

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-133	-38.5	-82.1	-98.7	-83	33.1	-71.6	-9.31	-78.1	-27.8
Depreciation and amortization	58.1	60.3	61.4	57.2	57.2	57.4	56	53.8	51.6	47.1
Stock-based compensation	0	0.73		5.36	4.82	5.45	4.6	6	6.46	6.33
Deferred income tax	-48	-61	-22.8	-12.9	2.26	4.86	0.1	-5.06	-13.7	-2.66
Change in receivables	5.64	31.3	-18.7	10.2	-30.2	22.4	-0.65	-17.2	-4.6	11.1
Change in payables	-6.99	-2.7	-21.3	0.96	-18.3	0.47	7.5	-13.2	2.75	-11.7
Cash from operations	-29.2	34.7	-53	1.66	-29.5	9.26	-14.6	8.95	-10.3	-36.4
Capital expenditures	-101	-69	-35.6	-44.8	-20.8	-7	-0.46	-10.6	-7.29	-48.8
Acquisitions	0	-9.75
Cash from investing	-15.7	-31.4	-31.1	31	3.82	71.8	57.8	49.1	17.6	80.4
Debt issued	42.9	6.55	53.5			0	0	148	345	15.8
Debt repaid	-27.2	-11.9	-41.9	-24	-22.6	-78.1	-38.2	-29.2	-24.3	-27.5
Stock issued			43			0.01	0	0.02	0	0
Share buybacks								0	0	-7.09
Cash from financing	15.6	-11.7	69.3	-25.9	-22.8	-79.2	-41.4	-17	-15.3	-27.1
Exchange rate effect	-2.48	-1.24	0.3	-16.6	0.03	-0.02	-0	0
Net change in cash	-31.7	-6.22	-15.7	-9.81	-47.5	1.68	1.83	41.1	-7.99	17
Free cash flow	-130	-34.2	-88.7	-43.1	-50.4	2.25	-15.1	-1.66	-17.6	-85.2
Interest paid	2.7	9.22	20	21.5	22	24.1	25.2	31.4	35.6	34.9
Income taxes paid	10.2	33.8	0.32	2	1.09	32.8	0.89	9.9	10.3	10.9

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $8.73 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	17.0%	Gross profit / revenue.
Operating margin	10.7%	Operating income / revenue.
EBITDA margin	31.2%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-2.7%	Pre-tax income / revenue.
Net margin	-8.6%	Net income / revenue.
FCF margin	-38.7%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	-24.3%	Cash from operations / revenue.
Return on equity (ROE)	-7.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-2.9%	Net income / average total assets.
Return on invested capital (ROIC)	3.4%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue	2.7%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	14.4%	Capital expenditures / revenue.
D&A / revenue	20.5%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-16.0%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	1.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	9.9%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-37.8%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	0.5%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	-1.9%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	47.5%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	214.3%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y	-11.3%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-11.3%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-8.0%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-9.1%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-6.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-8.3%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-5.2%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.5%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	1.1%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.38x	Current assets / current liabilities.
Quick ratio	1.66x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.78x	(Cash + short-term investments) / current liabilities.
Debt / equity	1.27x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	50.6%	Total debt / total assets.
Liabilities / assets	60.2%	Total liabilities / total assets.
Net debt	$264.8M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	4.03x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	0.66x	Operating income / interest expense.
Working capital	$97.6M	Current assets - current liabilities.
Tangible book value	$252.0M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.33x	Revenue / average total assets.
Fixed asset turnover	0.46x	Revenue / average property, plant and equipment.
Receivables turnover	3.40x	Revenue / average receivables.
Days sales outstanding	107 days	365 x average receivables / revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.69	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$7.99	Revenue / diluted weighted shares.
FCF per share	-$3.09	Free cash flow / diluted weighted shares.
Operating cash flow per share	-$1.94	Cash from operations / diluted weighted shares.
Book value per share	$9.56	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$9.56	Tangible book value / shares outstanding.
Cash per share	$2.10	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$236.9M	Share price x shares outstanding.
Enterprise value	$501.7M	Market cap + total debt - cash - short-term investments.
P/S	1.13x	Market cap / revenue.
P/B	0.94x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.94x	Market cap / tangible book value, when positive.
EV/Sales	2.38x	Enterprise value / revenue.
EV/EBIT	22.3x	Enterprise value / operating income, when both are positive.
EV/EBITDA	7.63x	Enterprise value / EBITDA, when both are positive.
FCF yield	-34.4%	Free cash flow / market cap.
Earnings yield	-7.7%	Net income / market cap (the inverse of P/E).

What was SEACOR Marine Holdings Inc.'s revenue in fiscal 2025?

SEACOR Marine Holdings Inc. reported revenue of $227.8M for fiscal 2025, 16% lower than the year before.

Was SEACOR Marine Holdings Inc. profitable in fiscal 2025?

No. It reported a net loss of $27.8M.

How much free cash flow did SEACOR Marine Holdings Inc. generate in fiscal 2025?

Cash from operations of $36.4M minus capital expenditures of $48.8M left free cash flow of -$85.2M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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