Seacor Marine Ho Financials

SMHI

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Seacor Marine Ho (SMHI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 31/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Seacor Marine Ho has an operating margin of -3.8%, meaning the company retains $-4 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 12.7% the prior year.

Growth

Seacor Marine Ho's revenue declined 2.9% year-over-year, from $279.5M to $271.4M. This contraction results in a growth score of 20/100.

Leverage

Seacor Marine Ho carries a low D/E ratio of 1.06, meaning only $1.06 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 72/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Seacor Marine Ho's current ratio of 2.04 indicates adequate short-term liquidity, earning a score of 62/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While Seacor Marine Ho generated -$10.3M in operating cash flow, capex of $7.3M consumed most of it, leaving -$17.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

2/9

Seacor Marine Ho passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.13x

For every $1 of reported earnings, Seacor Marine Ho generates $0.13 in operating cash flow (-$10.3M OCF vs -$78.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-0.3x

Seacor Marine Ho earns $-0.3 in operating income for every $1 of interest expense (-$10.4M vs $40.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Revenue

$271.4M

YoY-2.9%

5Y CAGR+9.2%

Seacor Marine Ho generated $271.4M in revenue in fiscal year 2024. This represents a decrease of 2.9% from the prior year.

EBITDA

$41.2M

YoY-53.9%

5Y CAGR+70.8%

Seacor Marine Ho's EBITDA was $41.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 53.9% from the prior year.

Free Cash Flow

-$17.6M

YoY-959.5%

Seacor Marine Ho generated -$17.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 959.5% from the prior year.

Net Income

-$78.1M

YoY-738.8%

Seacor Marine Ho reported -$78.1M in net income in fiscal year 2024. This represents a decrease of 738.8% from the prior year.

EPS (Diluted)

$-2.82

YoY-729.4%

Seacor Marine Ho earned $-2.82 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 729.4% from the prior year.

Cash & Debt

$59.5M

YoY-11.8%

5Y CAGR-6.1%

Seacor Marine Ho held $59.5M in cash against $317.3M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

27.3%

YoY-15.6pp

5Y CAGR-9.9pp

Seacor Marine Ho's gross margin was 27.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 15.6 percentage points from the prior year.

Operating Margin

-3.8%

YoY-16.5pp

5Y CAGR+27.3pp

Seacor Marine Ho's operating margin was -3.8% in fiscal year 2024, reflecting core business profitability. This is down 16.5 percentage points from the prior year.

Net Margin

-28.8%

YoY-25.5pp

5Y CAGR+24.4pp

Seacor Marine Ho's net profit margin was -28.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 25.5 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$7.3M

YoY-31.2%

5Y CAGR-30.4%

Seacor Marine Ho invested $7.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 31.2% from the prior year.

SMHI Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$271.4M-2.9%	$279.5M+28.6%	$217.3M+27.1%	$170.9M+20.5%	$141.8M-18.7%	$174.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$74.1M-38.2%	$119.9M+164.4%	$45.3M+4.1%	$43.5M-14.1%	$50.7M-21.9%	$64.9M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$44.7M-9.1%	$49.2M+20.2%	$40.9M+8.7%	$37.6M-6.0%	$40.1M+0.7%	$39.8M
Operating Income	-$10.4M-129.4%	$35.5M+165.8%	-$54.0M-45.4%	-$37.1M+48.1%	-$71.6M-31.9%	-$54.3M
Interest Expense	$40.6M+8.3%	$37.5M+26.3%	$29.7M+5.7%	$28.1M-8.4%	$30.7M+6.0%	$29.0M
Income Tax	-$2.6M-129.7%	$8.8M+2.5%	$8.6M-25.3%	$11.5M+150.1%	-$22.9M-187.7%	-$8.0M
Net Income	-$78.1M-738.8%	-$9.3M+87.0%	-$71.7M-316.2%	$33.1M+142.0%	-$78.9M+15.0%	-$92.8M
EPS (Diluted)	$-2.82-729.4%	$-0.34+87.4%	$-2.69-306.9%	$1.30+140.9%	$-3.18+19.5%	$-3.95

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$59.2M-2.7%	$60.8M+9.6%	$55.5M-20.5%	$69.8M-0.1%	$69.9M+11.3%	$62.8M-14.1%	$73.1M-5.0%	$76.9M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$11.5M+1.7%	$11.3M-16.6%	$13.6M-41.2%	$23.1M+13.4%	$20.3M+38.7%	$14.7M-50.8%	$29.8M-18.9%	$36.8M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$11.3M-6.1%	$12.0M+4.5%	$11.5M+5.5%	$10.9M0.0%	$10.9M-8.6%	$11.9M+3.2%	$11.5M-6.1%	$12.3M
Operating Income	$18.1M+197.8%	$6.1M+215.5%	-$5.3M-149.6%	$10.6M+369.5%	-$3.9M+63.0%	-$10.6M-146.9%	$22.6M+130.1%	$9.8M
Interest Expense	$8.9M+1.2%	$8.8M-7.7%	$9.6M-4.1%	$10.0M-1.9%	$10.2M-1.2%	$10.3M-1.3%	$10.4M+9.5%	$9.5M
Income Tax	$5.4M+115.7%	$2.5M+177.4%	$904K+138.6%	-$2.3M-243.8%	-$682K-173.7%	$925K-85.5%	$6.4M+170.3%	$2.4M
Net Income	$9.0M+233.7%	-$6.7M+56.6%	-$15.5M+40.9%	-$26.2M-110.1%	-$12.5M+45.9%	-$23.1M-502.7%	$5.7M+748.8%	-$883K
EPS (Diluted)	$0.35+234.6%	$-0.26+53.6%	$-0.56+40.4%	$-0.94-108.9%	$-0.45+46.4%	$-0.84-481.8%	$0.22+833.3%	$-0.03

SMHI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$727.1M-6.8%	$780.3M-4.3%	$815.4M-10.6%	$912.5M-10.3%	$1.0B+0.8%	$1.0B
Current Assets	$173.7M+5.4%	$164.7M+24.5%	$132.3M+19.2%	$111.0M-37.9%	$178.7M-8.2%	$194.7M
Cash & Equivalents	$59.5M-11.8%	$67.5M+68.8%	$40.0M+6.2%	$37.6M+15.2%	$32.7M-59.9%	$81.4M
Inventory	$2.8M+71.5%	$1.6M-24.2%	$2.1M+128.8%	$928K+61.1%	$576K-53.1%	$1.2M
Accounts Receivable	$69.9M+9.7%	$63.7M+17.2%	$54.4M-2.1%	$55.5M+22.5%	$45.3M+5.3%	$43.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$428.8M+5.6%	$406.1M-6.9%	$436.2M-6.4%	$466.0M-24.3%	$615.8M+16.1%	$530.3M
Current Liabilities	$85.0M+10.3%	$77.1M-36.4%	$121.2M+43.1%	$84.7M-35.8%	$131.8M+9.6%	$120.3M
Long-Term Debt	$317.3M+10.4%	$287.5M+10.5%	$260.1M-21.8%	$332.8M-24.5%	$440.5M+23.8%	$355.7M
Total Equity	$298.0M-20.3%	$373.9M-1.3%	$378.8M-15.1%	$446.2M+11.1%	$401.5M-12.2%	$457.5M
Retained Earnings	-$180.6M-76.3%	-$102.4M-10.0%	-$93.1M-306.5%	-$22.9M+55.8%	-$51.8M-291.5%	$27.1M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$692.5M+1.8%	$680.0M-2.0%	$694.2M-4.5%	$727.1M+0.8%	$721.6M-3.1%	$744.8M-4.5%	$780.3M0.0%	$780.3M
Current Assets	$194.3M+46.0%	$133.0M-5.6%	$140.9M-18.9%	$173.7M+33.5%	$130.1M-7.1%	$140.1M-15.0%	$164.7M+15.9%	$142.0M
Cash & Equivalents	$91.0M+164.5%	$34.4M-20.0%	$43.0M-27.7%	$59.5M+46.5%	$40.6M-31.9%	$59.6M-11.7%	$67.5M+20.8%	$55.8M
Inventory	$2.6M+0.5%	$2.5M-10.2%	$2.8M+2.4%	$2.8M-11.5%	$3.1M+23.9%	$2.5M+56.4%	$1.6M-7.4%	$1.7M
Accounts Receivable	$62.8M-0.8%	$63.3M-1.0%	$63.9M-8.5%	$69.9M-1.2%	$70.8M+21.4%	$58.3M-8.6%	$63.7M+0.8%	$63.2M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$414.8M+0.6%	$412.2M+0.5%	$410.1M-4.4%	$428.8M+11.8%	$383.6M-3.1%	$396.0M-2.5%	$406.1M-2.1%	$414.7M
Current Liabilities	$81.2M-0.4%	$81.5M+8.0%	$75.4M-11.3%	$85.0M+19.6%	$71.1M-4.5%	$74.4M-3.4%	$77.1M-8.2%	$84.0M
Long-Term Debt	$311.9M+0.3%	$311.0M+0.3%	$310.1M-2.3%	$317.3M+14.3%	$277.7M-1.5%	$282.0M-1.9%	$287.5M-1.5%	$291.8M
Total Equity	$277.3M+3.7%	$267.5M-5.7%	$283.7M-4.8%	$298.0M-11.7%	$337.6M-3.1%	$348.5M-6.8%	$373.9M+2.4%	$365.3M
Retained Earnings	-$193.8M+4.4%	-$202.8M-3.4%	-$196.1M-8.6%	-$180.6M-30.8%	-$138.0M-9.9%	-$125.6M-22.6%	-$102.4M+5.3%	-$108.2M

SMHI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$10.3M-214.7%	$8.9M+161.2%	-$14.6M-257.9%	$9.3M+131.3%	-$29.5M-1877.6%	$1.7M
Capital Expenditures	$7.3M-31.2%	$10.6M+2195.2%	$462K-93.4%	$7.0M-66.3%	$20.8M-53.5%	$44.8M
Free Cash Flow	-$17.6M-959.5%	-$1.7M+89.0%	-$15.1M-769.5%	$2.3M+104.5%	-$50.4M-16.8%	-$43.1M
Investing Cash Flow	$17.6M-64.2%	$49.1M-15.0%	$57.8M	N/A	N/A	N/A
Financing Cash Flow	-$15.3M+10.0%	-$17.0M+58.9%	-$41.4M	N/A	N/A	-$25.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$10.7M-413.2%	-$2.1M+81.9%	-$11.5M-234.5%	$8.5M+169.6%	-$12.2M-70.8%	-$7.2M-383.4%	-$1.5M-120.9%	$7.1M
Capital Expenditures	$9.3M-8.5%	$10.2M-50.9%	$20.8M+590.9%	$3.0M+357.4%	$658K-80.7%	$3.4M-6.3%	$3.6M-43.5%	$6.5M
Free Cash Flow	-$20.0M-62.8%	-$12.3M+61.9%	-$32.3M-684.7%	$5.5M+142.8%	-$12.9M-21.9%	-$10.6M-106.5%	-$5.1M-896.1%	$644K
Investing Cash Flow	$66.7M+212.1%	$21.4M+273.5%	-$12.3M-163.4%	$19.4M+3497.0%	-$572K+83.3%	-$3.4M-110.3%	$33.0M+2371.3%	-$1.5M
Financing Cash Flow	$595K+104.5%	-$13.2M-90.3%	-$6.9M-167.1%	$10.3M+259.2%	-$6.5M+43.1%	-$11.4M-87.6%	-$6.1M-164.3%	$9.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	N/A	N/A	$0	N/A	N/A	N/A	N/A

SMHI Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	27.3%-15.6pp	42.9%+22.0pp	20.9%-4.6pp	25.5%-10.3pp	35.7%-1.5pp	37.2%
Operating Margin	-3.8%-16.5pp	12.7%+37.6pp	-24.9%-3.1pp	-21.7%+28.8pp	-50.5%-19.4pp	-31.1%
Net Margin	-28.8%-25.5pp	-3.3%+29.6pp	-33.0%-52.3pp	19.4%+75.0pp	-55.6%-2.4pp	-53.2%
Return on Equity	N/A	N/A	N/A	7.4%	N/A	N/A
Return on Assets	-10.7%-9.6pp	-1.2%+7.6pp	-8.8%-12.4pp	3.6%+11.4pp	-7.8%+1.4pp	-9.2%
Current Ratio	2.04-0.1	2.14+1.0	1.09-0.2	1.31-0.0	1.36-0.3	1.62
Debt-to-Equity	1.06+0.3	0.77+0.1	0.69-0.1	0.75-0.4	1.10+0.3	0.78
FCF Margin	-6.5%-5.9pp	-0.6%+6.3pp	-6.9%-8.3pp	1.3%+36.8pp	-35.5%-10.8pp	-24.7%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	19.4%+0.8pp	18.6%-5.8pp	24.4%-8.6pp	33.1%+3.9pp	29.1%+5.8pp	23.4%-17.4pp	40.8%-7.0pp	47.8%
Operating Margin	30.5%+20.5pp	10.0%+19.4pp	-9.5%-24.6pp	15.2%+20.8pp	-5.6%+11.3pp	-16.9%-47.9pp	31.0%+18.2pp	12.8%
Net Margin	15.2%+26.3pp	-11.1%+16.9pp	-27.9%+9.7pp	-37.6%-19.7pp	-17.9%+18.9pp	-36.8%-44.6pp	7.8%+9.0pp	-1.1%
Return on Equity	3.2%	N/A	N/A	N/A	N/A	N/A	1.5%	N/A
Return on Assets	1.3%+2.3pp	-1.0%+1.2pp	-2.2%+1.4pp	-3.6%-1.9pp	-1.7%+1.4pp	-3.1%-3.8pp	0.7%+0.8pp	-0.1%
Current Ratio	2.39+0.8	1.63-0.2	1.87-0.2	2.04+0.2	1.83-0.1	1.88-0.3	2.14+0.4	1.69
Debt-to-Equity	1.12-0.0	1.16+0.1	1.09+0.0	1.06+0.2	0.82+0.0	0.81+0.0	0.77-0.0	0.80
FCF Margin	-33.8%-13.6pp	-20.2%+37.9pp	-58.1%-66.0pp	7.9%+26.4pp	-18.5%-1.6pp	-16.9%-9.8pp	-7.0%-7.9pp	0.8%

Similar Companies

Seanergy Maritime Hldgs Corp SHIP

$284.4M

Diana Shipping Inc DSX

$284.8M

Safe Bulkers, Inc Cumulative Re SB-PC

$175.0M

Stealthgas Inc GASS

$309.2M

Safe Bulkers, Inc Perpetual Pre SB-PD

$173.9M

Frequently Asked Questions

What is Seacor Marine Ho's annual revenue?

Seacor Marine Ho (SMHI) reported $271.4M in total revenue for fiscal year 2024. This represents a -2.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Seacor Marine Ho's revenue growing?

Seacor Marine Ho (SMHI) revenue declined by 2.9% year-over-year, from $279.5M to $271.4M in fiscal year 2024.

Is Seacor Marine Ho profitable?

No, Seacor Marine Ho (SMHI) reported a net income of -$78.1M in fiscal year 2024, with a net profit margin of -28.8%.

What is Seacor Marine Ho's earnings per share (EPS)?

Seacor Marine Ho (SMHI) reported diluted earnings per share of $-2.82 for fiscal year 2024. This represents a -729.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Seacor Marine Ho's EBITDA?

Seacor Marine Ho (SMHI) had EBITDA of $41.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Seacor Marine Ho have?

As of fiscal year 2024, Seacor Marine Ho (SMHI) had $59.5M in cash and equivalents against $317.3M in long-term debt.

What is Seacor Marine Ho's gross margin?

Seacor Marine Ho (SMHI) had a gross margin of 27.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Seacor Marine Ho's operating margin?

Seacor Marine Ho (SMHI) had an operating margin of -3.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Seacor Marine Ho's net profit margin?

Seacor Marine Ho (SMHI) had a net profit margin of -28.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Seacor Marine Ho's free cash flow?

Seacor Marine Ho (SMHI) generated -$17.6M in free cash flow during fiscal year 2024. This represents a -959.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Seacor Marine Ho's operating cash flow?

Seacor Marine Ho (SMHI) generated -$10.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Seacor Marine Ho's total assets?

Seacor Marine Ho (SMHI) had $727.1M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Seacor Marine Ho's capital expenditures?

Seacor Marine Ho (SMHI) invested $7.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

What is Seacor Marine Ho's current ratio?

Seacor Marine Ho (SMHI) had a current ratio of 2.04 as of fiscal year 2024, which is generally considered healthy.

What is Seacor Marine Ho's debt-to-equity ratio?

Seacor Marine Ho (SMHI) had a debt-to-equity ratio of 1.06 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Seacor Marine Ho's return on assets (ROA)?

Seacor Marine Ho (SMHI) had a return on assets of -10.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Seacor Marine Ho's cash runway?

Based on fiscal year 2024 data, Seacor Marine Ho (SMHI) had $59.5M in cash against an annual operating cash burn of $10.3M. This gives an estimated cash runway of approximately 70 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Seacor Marine Ho's Piotroski F-Score?

Seacor Marine Ho (SMHI) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Seacor Marine Ho's earnings high quality?

Seacor Marine Ho (SMHI) has an earnings quality ratio of 0.13x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Seacor Marine Ho cover its interest payments?

Seacor Marine Ho (SMHI) has an interest coverage ratio of -0.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Seacor Marine Ho?

Seacor Marine Ho (SMHI) scores 31 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.