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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% | - |
| 2024 | $271M | $9M | $-78M | $-18M | -26.2% | -2.9% | - |
| 2023 | $280M | $87M | $-9M | $-2M | -2.5% | 28.6% | - |
| 2022 | $217M | $16M | $-72M | $-15M | -18.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | -55.40 | 14.11 | -23.91 | -49.70 |
| EBITDA | 15.59 | 87.25 | 9.21 | 64.06 |
| EBIT | -40.37 | 33.43 | -42.42 | 16.98 |
| Pretax Income | -70.08 | -4.07 | -83.05 | -19.07 |
| Tax Provision | 8.58 | 8.80 | -2.62 | 10.51 |
| Net Income | -71.65 | -9.31 | -78.12 | -27.84 |
| Net Income Common Stockholders | -71.65 | -9.31 | -78.12 | -27.84 |
| Total Expenses | 272.72 | 265.40 | 295.27 | 277.53 |
| Interest Expense | 29.71 | 37.50 | 40.63 | 36.05 |
| Interest Income | 0.78 | 1.44 | 1.77 | 1.86 |
| Selling General And Administration | 40.91 | 49.18 | 44.71 | 47.48 |
| Normalized EBITDA | 2.10 | 69.37 | 29.61 | -0.96 |
| Normalized Income | -82.30 | -23.44 | -58.36 | -79.21 |
| Basic EPS | -2.69 | -0.34 | -2.82 | -1.06 |
| Diluted EPS | -2.69 | -0.34 | -2.82 | -1.06 |
| Tax Effect Of Unusual Items | 2.83 | 3.75 | -0.63 | 13.65 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.03 | 0.21 |
| Total Unusual Items | 13.49 | 17.88 | -20.40 | 65.01 |
| Total Unusual Items Excluding Goodwill | 13.49 | 17.88 | -20.40 | 65.01 |
| Net Income From Continuing Operation Net Minority Interest | -71.65 | -9.31 | -78.12 | -27.84 |
| Reconciled Depreciation | 55.96 | 53.82 | 51.63 | 47.07 |
| Reconciled Cost Of Revenue | 231.81 | 216.22 | 250.56 | 230.04 |
| Net Interest Income | -28.92 | -36.06 | -38.86 | -34.19 |
| Net Income From Continuing And Discontinued Operation | -71.65 | -9.31 | -78.12 | -27.84 |
| Rent Expense Supplemental | 3.87 | 2.75 | 1.68 | 1.20 |
| Total Operating Income As Reported | -54 | 35.52 | -10.43 | 13.72 |
| Diluted Average Shares | 26.63 | 27.08 | 27.66 | 26.22 |
| Basic Average Shares | 26.63 | 27.08 | 27.66 | 26.22 |
| Diluted NI Availto Com Stockholders | -71.65 | -9.31 | -78.12 | -27.84 |
| Minority Interests | 0 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | -71.65 | -9.31 | -78.12 | -27.84 |
| Net Income Discontinuous Operations | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | -71.65 | -9.31 | -78.12 | -27.84 |
| Earnings From Equity Interest Net Of Tax | 7.01 | 3.56 | 2.31 | 1.73 |
| Other Income Expense | 14.24 | 17.88 | -20.28 | 64.83 |
| Other Non Operating Income Expenses | 0.76 | 0 | 0.12 | -0.19 |
| Special Income Charges | 11.83 | 19.41 | -18.44 | 67.99 |
| Gain On Sale Of Ppe | 1.40 | 21.41 | 13.48 | 63.41 |
| Other Special Charges | -10.43 | 2 | 31.92 | -4.58 |
| Earnings From Equity Interest | 0.76 | 0 | 0 | 0 |
| Gain On Sale Of Security | 1.66 | -1.52 | -1.96 | -2.98 |
| Net Non Operating Interest Income Expense | -28.92 | -36.06 | -38.86 | -34.19 |
| Interest Expense Non Operating | 29.71 | 37.50 | 40.63 | 36.05 |
| Interest Income Non Operating | 0.78 | 1.44 | 1.77 | 1.86 |
| General And Administrative Expense | 40.91 | 49.18 | 44.71 | 47.48 |
| Other Gand A | 40.91 | 49.18 | 44.71 | 47.48 |
| Operating Revenue | 217.32 | 279.51 | 271.36 | 227.83 |
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 | $202M | - | 0.76 | -10.5% | -178.26 |
| AIRO Group Holdings, Inc. | AIRO | $236M | - | 0.32 | -0.6% | -10.00 |
| RCM Technologies, Inc. | RCMT | $233M | 14.67 | 5.02 | 35.5% | 9.20 |
| Perma-Fix Environmental Services, Inc. | PESI | $227M | - | 4.52 | -27.5% | -22.03 |
| Gencor Industries, Inc. | GENC |
| $212M |
| 13.91 |
| 0.99 |
| 7.4% |
| 4.37 |
| AirJoule Technologies Corporation | AIRJ | $206M | - | 0.69 | -3.4% | -13.58 |
| Xerox Holdings Corporation | XRX | $205M | - | 0.45 | -152.9% | 15.41 |
| PAMT CORP | PAMT | $204M | - | 0.97 | -25.0% | 122.57 |
| Proficient Auto Logistics, Inc. | PAL | $199M | - | 0.64 | -11.6% | 8.63 |
| Peer Median | - | 14.29 | 0.83 | -7.5% | 6.50 | |