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SMHI

SEACOR Marine Holdings Inc.

SMHI

SEACOR Marine Holdings Inc. • NYSE
$7.12 ▲ 2.74% (+0.19)
Market Cap $192.07 M
52w High $7.88
52w Low $3.63
Dividend Yield 0%
P/E -4.94
Volume 24.58K
Outstanding Shares 26.98M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $59.194M ▼ $-18.961M ▼ $8.994M ▲ 15.194% ▲ $0.35 ▲ $35.083M ▲
Q2-2025 $60.81M ▲ $-7.165M ▼ $-6.727M ▲ -11.062% ▲ $-0.26 ▲ $16.497M ▲
Q1-2025 $55.499M ▼ $5.677M ▲ $-15.489M ▲ -27.909% ▲ $-0.56 ▲ $6.922M ▲
Q4-2024 $69.808M ▲ $-736K ▼ $-26.226M ▼ -37.569% ▼ $-0.94 ▼ $-7.121M ▼
Q3-2024 $68.916M $9.198M $-16.346M -23.719% $-0.59 $5.184M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $90.953M ▲ $692.498M ▲ $414.835M ▲ $277.663M ▲
Q2-2025 $34.381M ▼ $680.03M ▼ $412.234M ▲ $267.475M ▼
Q1-2025 $42.988M ▼ $694.164M ▼ $410.129M ▼ $283.714M ▼
Q4-2024 $59.491M ▲ $727.111M ▲ $428.789M ▲ $298.001M ▼
Q3-2024 $35.601M $709.444M $384.436M $324.687M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $8.994M ▲ $-10.659M ▼ $66.72M ▲ $595K ▲ $56.653M ▲ $-20.007M ▼
Q2-2025 $-6.727M ▲ $-2.077M ▲ $21.379M ▲ $-13.175M ▼ $6.127M ▲ $-12.29M ▲
Q1-2025 $-15.489M ▲ $-11.466M ▼ $-12.323M ▼ $-6.923M ▼ $-30.712M ▼ $-32.261M ▼
Q4-2024 $-26.226M ▼ $8.528M ▲ $19.431M ▲ $10.317M ▲ $38.276M ▲ $5.518M ▲
Q3-2024 $-16.346M $626K $2.121M $-7.742M $-4.996M $416K

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Time Charter
Time Charter
 $70.00M ▲$50.00M ▼$60.00M ▲$60.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past several years, showing that demand for SEACOR Marine’s services has generally improved. However, profitability remains choppy: the company swung from losses to a modest operating profit and then back into a net loss more recently. Core operations generate some positive earnings before non‑cash and financing items, but margins are thin and sensitive to changes in utilization, pricing, and costs. Overall, the income statement tells a story of a business on a slow recovery path that has not yet achieved stable, reliable profitability and remains exposed to swings in offshore activity levels.

Balance Sheet

Balance Sheet The balance sheet shows a smaller asset base than a few years ago, which likely reflects fleet sales, write‑downs, or a more focused set of vessels. Debt has been reduced from earlier levels, which is a constructive trend, but it still represents a meaningful claim on the business. Shareholders’ equity has been eroded over time by accumulated losses, so the financial cushion is thinner than in the past. Cash on hand is modest, suggesting the company does not have a large buffer if conditions weaken, and it may need to stay disciplined about spending and financing. In short, leverage has improved, but balance sheet strength is not yet a clear comfort point.

Cash Flow

Cash Flow Cash generation has hovered around break‑even, with operating cash flow sometimes slightly positive and sometimes slightly negative. After accounting for capital spending on the fleet, free cash flow has generally been close to zero or mildly negative, indicating that the business is not consistently self‑funding. Capital expenditures appear measured rather than aggressive, but even this moderate investment can pressure cash when operations are only marginally cash‑generative. The cash flow profile underscores execution risk: the company needs better, more stable utilization and pricing to turn its operational improvements into durable, surplus cash.

Competitive Edge

Competitive Edge SEACOR Marine appears to have built a differentiated position in offshore support through a relatively young, high‑specification, and diverse fleet. Its early move into hybrid and more environmentally friendly vessels gives it a technology and branding edge with customers that are under pressure to decarbonize. The company serves multiple offshore segments—oil and gas, support for offshore wind, crew transfer, and logistics—which can help balance regional and sector cycles. A strong safety and ESG reputation, plus global reach across key offshore basins, further supports its standing with large energy clients. The main competitive challenges are the capital‑intensive nature of the industry, exposure to volatile offshore activity, and competition from other well‑capitalized operators that may replicate similar technologies over time.

Innovation and R&D

Innovation and R&D Innovation is a clear focal point: SEACOR Marine has been a first mover in hybrid battery‑powered support vessels and continues to invest in greener, more efficient ship designs. Its emphasis on a modern fleet, hybrid‑ready newbuilds, and potential use of alternative fuels and digital tools (such as performance analytics and predictive maintenance) supports both cost efficiency and regulatory compliance. The company is also reshaping its fleet mix—exiting lower‑return vessel types and leaning into higher‑spec assets and offshore wind–related services—which reflects a strategic, not just operational, approach to innovation. The key uncertainty is execution: these investments require capital and time, and the payoff depends on client adoption, regulatory trends, and the company’s ability to keep vessels highly utilized at attractive rates.

Summary

Overall, SEACOR Marine is transitioning from a period of restructuring and cleanup toward a more focused, technology‑driven offshore support model. Revenue trends and operational metrics suggest underlying improvement, but earnings and cash flows are still uneven and vulnerable to the ups and downs of offshore energy markets. The balance sheet has been de‑risked compared with the past, yet it remains only moderately robust given the industry’s capital intensity and the company’s thin profitability. On the strategic side, SEACOR Marine’s leadership in hybrid vessels, its relatively young and diverse fleet, and growing involvement in offshore wind and other low‑carbon opportunities provide meaningful long‑term potential. Future performance will likely hinge on sustaining high utilization for its specialized vessels, successfully executing its green and digital initiatives, and maintaining financial discipline in a cyclical and competitive sector.

NEWS

November 13, 2025 · 5:12 PM UTC

SEACOR Marine Publishes 2024-2025 Sustainability Report

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October 29, 2025 · 4:37 PM UTC

SEACOR Marine Announces Third Quarter 2025 Results

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