Seacor Marine Ho Financials
This page shows Seacor Marine Ho (SMHI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).
A brief operating rebound has not overcome heavy financing and reinvestment needs in this asset-intensive business.
FY2023 looked like a turning point when gross margin reached42.9% , but by FY2025 it had fallen back to20.2% , showing the margin step-up was not durable. Even with operating income of$13.7M in FY2025, interest expense of$36.1M still pushed results below the line, tying earnings quality to debt service rather than revenue alone.
The clearest operating clue in FY2025 is the gap between EBITDA and cash conversion: EBITDA was
Short-term liquidity improved, with the current ratio rising from 2.0x in FY2024 to 2.5x in FY2025. At the same time, debt-to-equity moved above 1.0x as equity fell to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Seacor Marine Ho's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Seacor Marine Ho has an operating margin of 6.0%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 42/100, indicating healthy but not exceptional operating efficiency. This is up from -3.8% the prior year.
Seacor Marine Ho's revenue declined 16% year-over-year, from $271.4M to $227.8M. This contraction results in a growth score of 12/100.
Seacor Marine Ho has elevated debt relative to equity (D/E of 1.15), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 15/100, reflecting increased financial risk.
With a current ratio of 2.54, Seacor Marine Ho holds $2.54 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 70/100.
While Seacor Marine Ho generated -$36.4M in operating cash flow, capex of $48.8M consumed most of it, leaving -$85.2M in free cash flow. This results in a low score of 12/100, reflecting heavy capital investment rather than weak cash generation.
Seacor Marine Ho's ROE of -10.5% shows moderate profitability relative to equity, earning a score of 31/100. This is up from -26.2% the prior year.
Seacor Marine Ho scores 0.49, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($210.0M) relative to total liabilities ($395.9M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Seacor Marine Ho passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Seacor Marine Ho generates $1.31 in operating cash flow (-$36.4M OCF vs -$27.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Seacor Marine Ho earns $0.4 in operating income for every $1 of interest expense ($13.7M vs $36.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Seacor Marine Ho generated $227.8M in revenue in fiscal year 2025. This represents a decrease of 16.0% from the prior year.
Seacor Marine Ho's EBITDA was $60.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 47.5% from the prior year.
Seacor Marine Ho reported -$27.8M in net income in fiscal year 2025. This represents an increase of 64.4% from the prior year.
Seacor Marine Ho earned $-1.06 per diluted share (EPS) in fiscal year 2025. This represents an increase of 62.4% from the prior year.
Cash & Balance Sheet
Seacor Marine Ho generated -$85.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 385.2% from the prior year.
Seacor Marine Ho held $68.9M in cash against $304.6M in long-term debt as of fiscal year 2025.
Margins & Returns
Seacor Marine Ho's gross margin was 20.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 7.1 percentage points from the prior year.
Seacor Marine Ho's operating margin was 6.0% in fiscal year 2025, reflecting core business profitability. This is up 9.9 percentage points from the prior year.
Seacor Marine Ho's net profit margin was -12.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 16.6 percentage points from the prior year.
Seacor Marine Ho's ROE was -10.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 15.7 percentage points from the prior year.
Capital Allocation
Seacor Marine Ho spent $7.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Seacor Marine Ho invested $48.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 568.8% from the prior year.
SMHI Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $44.3M-15.4% | $52.3M-11.6% | $59.2M-2.7% | $60.8M+9.6% | $55.5M-20.5% | $69.8M+1.3% | $68.9M-1.4% | $69.9M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $6.7M-30.6% | $9.7M-16.1% | $11.5M+1.7% | $11.3M-16.6% | $13.6M-41.2% | $23.1M+44.2% | $16.0M-21.3% | $20.3M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $10.0M-21.8% | $12.7M+13.0% | $11.3M-6.1% | $12.0M+4.5% | $11.5M+5.5% | $10.9M-1.2% | $11.0M+1.2% | $10.9M |
| Operating Income | -$6.4M-23.5% | -$5.2M-128.6% | $18.1M+197.8% | $6.1M+215.5% | -$5.3M-149.6% | $10.6M+263.4% | -$6.5M-64.9% | -$3.9M |
| Interest Expense | $8.2M-5.0% | $8.7M-3.1% | $8.9M+1.2% | $8.8M-7.7% | $9.6M-4.1% | $10.0M-1.2% | $10.1M-0.6% | $10.2M |
| Income Tax | $2.2M+30.8% | $1.7M-68.8% | $5.4M+115.7% | $2.5M+177.4% | $904K+138.6% | -$2.3M-357.1% | -$513K+24.8% | -$682K |
| Net Income | -$15.8M-8.4% | -$14.6M-262.1% | $9.0M+233.7% | -$6.7M+56.6% | -$15.5M+40.9% | -$26.2M-60.3% | -$16.3M-30.9% | -$12.5M |
| EPS (Diluted) | $-0.61 | N/A | $0.35+234.6% | $-0.26+53.6% | $-0.56 | N/A | $-0.59-31.1% | $-0.45 |
SMHI Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $640.7M-3.0% | $660.6M-4.6% | $692.5M+1.8% | $680.0M-2.0% | $694.2M-4.5% | $727.1M+2.5% | $709.4M-1.7% | $721.6M |
| Current Assets | $171.7M-4.5% | $179.8M-7.5% | $194.3M+46.0% | $133.0M-5.6% | $140.9M-18.9% | $173.7M+32.4% | $131.2M+0.8% | $130.1M |
| Cash & Equivalents | $38.7M-43.8% | $68.9M-24.2% | $91.0M+164.5% | $34.4M-20.0% | $43.0M-27.7% | $59.5M+67.1% | $35.6M-12.3% | $40.6M |
| Inventory | $2.7M+25.0% | $2.2M-13.9% | $2.6M+0.5% | $2.5M-10.2% | $2.8M+2.4% | $2.8M-12.1% | $3.1M+0.7% | $3.1M |
| Accounts Receivable | $69.2M+7.3% | $64.5M+2.8% | $62.8M-0.8% | $63.3M-1.0% | $63.9M-8.5% | $69.9M-8.6% | $76.5M+8.1% | $70.8M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $392.9M-0.8% | $395.9M-4.6% | $414.8M+0.6% | $412.2M+0.5% | $410.1M-4.4% | $428.8M+11.5% | $384.4M+0.2% | $383.6M |
| Current Liabilities | $72.7M+2.7% | $70.7M-12.8% | $81.2M-0.4% | $81.5M+8.0% | $75.4M-11.3% | $85.0M+5.4% | $80.7M+13.5% | $71.1M |
| Long-Term Debt | $297.1M-2.5% | $304.6M-2.3% | $311.9M+0.3% | $311.0M+0.3% | $310.1M-2.3% | $317.3M+16.5% | $272.3M-1.9% | $277.7M |
| Total Equity | $247.5M-6.4% | $264.4M-4.7% | $277.3M+3.7% | $267.5M-5.7% | $283.7M-4.8% | $298.0M-8.2% | $324.7M-3.8% | $337.6M |
| Retained Earnings | -$224.2M-7.6% | -$208.4M-7.5% | -$193.8M+4.4% | -$202.8M-3.4% | -$196.1M-8.6% | -$180.6M-17.0% | -$154.4M-11.8% | -$138.0M |
SMHI Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$15.1M-24.1% | -$12.2M-14.4% | -$10.7M-413.2% | -$2.1M+81.9% | -$11.5M-234.5% | $8.5M+1262.3% | $626K+105.1% | -$12.2M |
| Capital Expenditures | $6.1M-27.8% | $8.4M-9.9% | $9.3M-8.5% | $10.2M-50.9% | $20.8M+590.9% | $3.0M+1333.3% | $210K-68.1% | $658K |
| Free Cash Flow | -$21.2M-2.9% | -$20.6M-3.1% | -$20.0M-62.8% | -$12.3M+61.9% | -$32.3M-684.7% | $5.5M+1226.4% | $416K+103.2% | -$12.9M |
| Investing Cash Flow | $6.7M+43.6% | $4.7M-93.0% | $66.7M+212.1% | $21.4M+273.5% | -$12.3M-163.4% | $19.4M+816.1% | $2.1M+470.8% | -$572K |
| Financing Cash Flow | -$9.2M-22.3% | -$7.6M-1369.9% | $595K+104.5% | -$13.2M-90.3% | -$6.9M-167.1% | $10.3M+233.3% | -$7.7M-19.5% | -$6.5M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | $0 | $0 | N/A | N/A | $0 | $0 | N/A |
SMHI Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.2%-3.3pp | 18.5%-1.0pp | 19.4%+0.8pp | 18.6%-5.8pp | 24.4%-8.6pp | 33.1%+9.8pp | 23.2%-5.9pp | 29.1% |
| Operating Margin | -14.4%-4.5pp | -9.9%-40.4pp | 30.5%+20.5pp | 10.0%+19.4pp | -9.5%-24.6pp | 15.2%+24.6pp | -9.4%-3.8pp | -5.6% |
| Net Margin | -35.7%-7.8pp | -27.9%-43.0pp | 15.2%+26.3pp | -11.1%+16.9pp | -27.9%+9.6pp | -37.5%-13.8pp | -23.7%-5.8pp | -17.9% |
| Return on Equity | -6.4%-0.9pp | -5.5%-8.8pp | 3.2%+5.8pp | -2.5%+2.9pp | -5.5%+3.3pp | -8.8%-3.8pp | -5.0%-1.3pp | -3.7% |
| Return on Assets | -2.5%-0.3pp | -2.2%-3.5pp | 1.3%+2.3pp | -1.0%+1.2pp | -2.2%+1.4pp | -3.6%-1.3pp | -2.3%-0.6pp | -1.7% |
| Current Ratio | 2.36-0.2 | 2.54+0.1 | 2.39+0.8 | 1.63-0.2 | 1.87-0.2 | 2.04+0.4 | 1.63-0.2 | 1.83 |
| Debt-to-Equity | 1.20+0.0 | 1.15+0.0 | 1.12-0.0 | 1.16+0.1 | 1.09+0.0 | 1.06+0.2 | 0.84+0.0 | 0.82 |
| FCF Margin | -47.9%-8.5pp | -39.4%-5.6pp | -33.8%-13.6pp | -20.2%+37.9pp | -58.1%-66.0pp | 7.9%+7.3pp | 0.6%+19.1pp | -18.5% |
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Frequently Asked Questions
What is Seacor Marine Ho's annual revenue?
Seacor Marine Ho (SMHI) reported $227.8M in total revenue for fiscal year 2025. This represents a -16.0% 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 16% year-over-year, from $271.4M to $227.8M in fiscal year 2025.
Is Seacor Marine Ho profitable?
No, Seacor Marine Ho (SMHI) reported a net income of -$27.8M in fiscal year 2025, with a net profit margin of -12.2%.
What is Seacor Marine Ho's EBITDA?
Seacor Marine Ho (SMHI) had EBITDA of $60.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Seacor Marine Ho have?
As of fiscal year 2025, Seacor Marine Ho (SMHI) had $68.9M in cash and equivalents against $304.6M in long-term debt.
What is Seacor Marine Ho's gross margin?
Seacor Marine Ho (SMHI) had a gross margin of 20.2% in fiscal year 2025, 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 6.0% in fiscal year 2025, 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 -12.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Seacor Marine Ho's return on equity (ROE)?
Seacor Marine Ho (SMHI) has a return on equity of -10.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Seacor Marine Ho's free cash flow?
Seacor Marine Ho (SMHI) generated -$85.2M in free cash flow during fiscal year 2025. This represents a -385.2% 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 -$36.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Seacor Marine Ho's total assets?
Seacor Marine Ho (SMHI) had $660.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Seacor Marine Ho's capital expenditures?
Seacor Marine Ho (SMHI) invested $48.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Seacor Marine Ho's current ratio?
Seacor Marine Ho (SMHI) had a current ratio of 2.54 as of fiscal year 2025, 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 1.15 as of fiscal year 2025, 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 -4.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Seacor Marine Ho's cash runway?
Based on fiscal year 2025 data, Seacor Marine Ho (SMHI) had $68.9M in cash against an annual operating cash burn of $36.4M. This gives an estimated cash runway of approximately 23 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 Altman Z-Score?
Seacor Marine Ho (SMHI) has an Altman Z-Score of 0.49, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Seacor Marine Ho's Piotroski F-Score?
Seacor Marine Ho (SMHI) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 1.31x, 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 0.4x, 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 30 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.