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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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $228M | $64M | $-28M | $-85M | -10.5% | -16.0% | -64.4% |
| 2024 | $271M | $9M | $-78M | $-18M | -26.2% | -2.9% | 738.8% |
| 2023 | $280M | $87M | $-9M | $-2M | -2.5% | 28.6% | -87.0% |
| 2022 | $217M | $16M | $-72M | $-15M | -18.9% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 217.32 | 279.51 | 271.36 | 227.83 |
| Operating Revenue | - | 217.32 | 279.51 | 271.36 | 227.83 |
| Cost Of Revenue | - | 231.81 | 216.22 | 250.56 | 230.04 |
| Gross Profit | - | -14.49 | 63.29 | 20.80 | -2.21 |
| Operating Expense | - | 40.91 | 49.18 | 44.71 | 47.48 |
| Selling General And Administration | - | 40.91 | 49.18 | 44.71 | 47.48 |
| Total Expenses | - | 272.72 | 265.40 | 295.27 | 277.53 |
| Operating Income | - | -55.40 | 14.11 | -23.91 | -49.70 |
| Total Operating Income As Reported | - | -54 | 35.52 | -10.43 | 13.72 |
| EBITDA | - | 15.58 | 87.25 | 9.21 | 64.06 |
| Normalized EBITDA | - | 2.10 | 69.37 | 29.61 | -0.96 |
| EBIT | - | -40.37 | 33.43 | -42.42 | 16.98 |
| Interest Income | - | 0.78 | 1.44 | 1.77 | 1.86 |
| Interest Expense | - | 29.71 | 37.50 | 40.63 | 36.05 |
| Net Interest Income | - | -28.92 | -36.06 | -38.86 | -34.19 |
| Other Non Operating Income Expenses | -0.01 | 0.76 | - | 0.12 | -0.19 |
| Other Income Expense | - | 14.24 | 17.88 | -20.28 | 64.82 |
| Interest Income Non Operating | - | 0.78 | 1.44 | 1.77 | 1.86 |
| Interest Expense Non Operating | - | 29.71 | 37.50 | 40.63 | 36.05 |
| Net Non Operating Interest Income Expense | - | -28.92 | -36.06 | -38.86 | -34.19 |
| Pretax Income | - | -70.08 | -4.07 | -83.05 | -19.07 |
| Tax Provision | - | 8.58 | 8.80 | -2.62 | 10.51 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 2.83 | 3.75 | -0.63 | 13.65 |
| Net Income Continuous Operations | - | -71.65 | -9.31 | -78.12 | -27.84 |
| Net Income From Continuing And Discontinued Operation | - | -71.65 | -9.31 | -78.12 | -27.84 |
| Net Income From Continuing Operation Net Minority Interest | - | -71.65 | -9.31 | -78.12 | -27.84 |
| Net Income | - | -71.65 | -9.31 | -78.12 | -27.84 |
| Net Income Common Stockholders | - | -71.65 | -9.31 | -78.12 | -27.84 |
| Net Income Including Noncontrolling Interests | - | -71.65 | -9.31 | -78.12 | -27.84 |
| Normalized Income | - | -82.30 | -23.44 | -58.36 | -79.21 |
| Diluted NI Availto Com Stockholders | - | -71.65 | -9.31 | -78.12 | -27.84 |
| Basic Average Shares | - | 26.63 | 27.08 | 27.66 | 26.22 |
| Diluted Average Shares | - | 26.63 | 27.08 | 27.66 | 26.22 |
| Reconciled Depreciation | - | 55.96 | 53.82 | 51.63 | 47.07 |
| Reconciled Cost Of Revenue | - | 231.81 | 216.22 | 250.56 | 230.04 |
| Total Unusual Items | - | 13.49 | 17.88 | -20.40 | 65.01 |
| Total Unusual Items Excluding Goodwill | - | 13.49 | 17.88 | -20.40 | 65.01 |
| Minority Interests | 0 | 0 | 0 | 0 | - |
| Net Income Discontinuous Operations | 22.92 | 0 | 0 | - | - |
| Earnings From Equity Interest Net Of Tax | - | 7.01 | 3.56 | 2.31 | 1.73 |
| Special Income Charges | - | 11.83 | 19.40 | -18.44 | 67.99 |
| Other Special Charges | - | -10.43 | 2 | 31.92 | -4.58 |
| Gain On Sale Of Security | - | 1.66 | -1.52 | -1.96 | -2.98 |
| General And Administrative Expense | - | 40.91 | 49.18 | 44.71 | 47.48 |
| Other Gand A | - | 40.91 | 49.18 | 44.71 | 47.48 |
| Gain On Sale Of Ppe | - | 1.40 | 21.41 | 13.48 | 63.41 |
| Rent Expense Supplemental | - | 3.87 | 2.75 | 1.68 | 1.20 |
| Earnings From Equity Interest | 9.44 | 0.76 | 0 | - | - |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| SEACOR Marine Holdings Inc.this co. | SMHI | $203M | -7.30 | 0.77 | -10.5% | 7.34 |
| EVI Industries, Inc. | EVI | $229M | 30.60 | 1.60 | 5.2% | 13.95 |
| Alta Equipment Group Inc. | ALTG | $226M | -2.81 | -25.66 | 912.5% | 8.40 |
| Gencor Industries, Inc. | GENC | $217M | 13.88 | 1.03 | 7.4% | 4.97 |
| Perma-Fix Environmental Services, Inc. | PESI |
| - |
| - |
| - |
| - |
| - |
| - |
| $217M |
| -15.75 |
| 4.33 |
| -27.5% |
| -24.16 |
| TrueBlue, Inc. | TBI | $209M | - | 0.76 | -17.5% | 394.69 |
| Mammoth Energy Services, Inc. | TUSK | $185M | 40.24 | 0.72 | 1.8% | -4.84 |
| Proficient Auto Logistics, Inc. | PAL | $180M | -5.00 | 0.58 | -11.6% | 95.31 |
| JELD-WEN Holding, Inc. | JELD | $174M | -0.28 | 1.89 | -673.6% | -4.76 |
| Peer Median | - | -0.28 | 0.89 | -4.9% | 6.69 | |