SEACOR Marine Holdings (SMHI) AI Stock Analysis

• Market Cap: $204.83M
• Dividend Yield: N/A
• Average Volume (3M): 80.59K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.05
• Revenue Growth: -11.96%
• EPS Growth: 15.61%
• Country: US
• Employees: 1,239
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): -0.57
• Shares Outstanding: 26,951,786
• 10 Day Avg. Volume: 65,923
• 30 Day Avg. Volume: 80,586
• PEG Ratio: 0.09
• Price to Book (P/B): 0.60
• Price to Sales (P/S): 0.69
• P/FCF Ratio: -8.99
• Enterprise Value/Market Cap: 2.31
• Enterprise Value/Revenue: 2.08
• Enterprise Value/Gross Profit: 10.28
• Enterprise Value/Ebitda: 4.68
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -2.79
• Revenue Forecast (FY): $225.70M

• Rating: 47 Neutral
• Price Target: $8.00 ▲(26.18% Upside)
• Action: Reiterated Date: 02/26/26
• Date: Action: Reiterated 02/26/26

The score is held down primarily by weak financial performance—continued losses and sustained cash burn—alongside a negative recent operating update. Technicals are comparatively stronger with an uptrend, but momentum is near overbought, and valuation is constrained by a negative P/E with no dividend yield provided.

Positive Factors

Contracted backlog & newbuilds

A contracted backlog above $500M and the delivery of two newbuild PSVs provide multi-quarter revenue visibility and capacity expansion. This reduces near-term top-line volatility, supports higher quality contracted cash flows, and enables asset rotation to improve fleet economics as markets recover.

Diverse fleet and geographic reach

A diversified fleet across multiple vessel types and regions gives structural resilience to regional drilling cycles. Multiple service lines (time/spot charters, crew, logistics) and geographic exposure help stabilize utilization and create cross-market redeployment optionality over a 2–6 month horizon.

Margin improvement and cost actions

Material gross margin improvement in 2025 plus announced SG&A restructuring (one-time charges to deliver ~$3.9M annual savings) indicate management is restoring operating leverage. Sustained cost discipline can convert modest revenue gains into durable profitability and reduce cash burn.

Negative Factors

Persistent negative cash flow

Consecutive years of negative operating and free cash flow shrink liquidity and increase dependence on external financing or asset sales. Persistent cash burn limits the company's ability to invest in maintenance, newbuild deployments, or resume dividend/capital returns without restoring sustained positive operating cash flow.

Revenue contraction

Two-year revenue decline signals uneven demand and pricing pressure across core markets. Falling top-line reduces utilization scale and weakens margin recovery prospects; combined with asset sales, it can constrain revenue-per-vessel improvements and prolong the path to consistent profitability.

Elevated leverage and negative returns

Higher leverage in a capital-intensive marine business, paired with negative ROE, raises refinancing and interest-rate sensitivity. Limited retained earnings impede reinvestment, increasing financial risk if market recovery stalls and restricting flexibility for opportunistic growth or further fleet modernization.

SEACOR Marine Holdings Business Overview & Revenue Model

Company Description

SEACOR Marine Holdings Inc. provides marine and support transportation services to offshore oil, natural gas, and windfarm facilities worldwide. Its offshore support and specialty vessels deliver cargo and personnel to offshore installations, including wind farms; handle anchors and mooring equipment required to tether rigs to the seabed; assist in placing them on location and moving them between regions; provide construction, well work-over, maintenance, and decommissioning support; and carry and launch equipment used underwater in drilling and well installation, maintenance, inspection, and repair, as well as offer accommodations for technicians and specialists, safety support, and emergency response services. As of December 31, 2021, the company operated a fleet of 81 support and specialty vessels, of which 60 were owned or leased-in, 20 were joint-ventured, and 1 was managed on behalf of unaffiliated third parties. It serves integrated oil companies, large independent oil and natural gas exploration and production companies, and emerging independent companies, as well as windfarm operations and installation contractors. The company was founded in 1989 and is headquartered in Houston, Texas.

How the Company Makes Money

SEACOR Marine generates revenue primarily through the chartering of its fleet of offshore support vessels on a time or spot basis to oil and gas companies. The company earns income from various services including vessel leasing, crew management, and logistics support. Key revenue streams include long-term contracts with major oil and gas operators, providing stable cash flow, as well as short-term contracts that capitalize on fluctuating demand in the market. Partnerships with energy companies and participation in joint ventures also contribute to revenue, as do the company's efforts to expand its service offerings into emerging markets and renewable energy sectors.

SEACOR Marine Holdings Financial Statement Overview

Summary

Financials are pressured: revenue has declined in the last two annual periods, the company remains loss-making (negative net income and EBITDA margin), and cash flow is the weakest point with negative operating cash flow in both 2024–2025 and negative free cash flow. Offsetting this, margins improved materially in 2025 and the balance sheet is serviceable, though leverage is elevated and ROE remains negative.

Income Statement

Revenue has been shrinking in the last two annual periods (2024: ~-0.03%, 2025: ~-7.1%) after a strong 2023 rebound, indicating an uneven demand/price environment. Profitability improved meaningfully versus 2024, with gross margin rising to ~20% in 2025 from ~7.7% in 2024, and losses narrowing (net margin ~-12.2% in 2025 vs ~-28.8% in 2024). However, results remain loss-making, with negative net income in 2022–2025 and negative EBITDA margin in 2025, highlighting ongoing earnings volatility and incomplete recovery.

Balance Sheet

Leverage is elevated but not extreme for a capital-intensive marine business: debt-to-equity is ~1.27 in 2025 (up from ~1.17 in 2024), with total debt modestly down versus 2024. Equity remains sizable, but it has declined from 2023 levels, and returns on equity are negative in 2022–2025 (2025: ~-10.5%), reflecting that the capital base is not currently generating positive profits. Overall, the balance sheet provides some cushioning, but higher leverage and persistent losses increase financial risk.

Cash Flow

Cash generation is weak and deteriorating: operating cash flow is negative in both 2024 and 2025 (about -$10.3M each year), and free cash flow is negative (about -$17.6M), with a steep reported free-cash-flow decline in 2025 (about -70%). While 2023 showed positive operating cash flow, the business has not sustained that improvement, and ongoing cash burn reduces flexibility unless profitability and working-capital performance improve.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	227.83M	271.36M	279.51M	217.32M	170.94M
Gross Profit	46.06M	20.80M	63.29M	-14.49M	-19.95M
EBITDA	64.06M	9.21M	87.25M	15.59M	92.13M
Net Income	-27.84M	-78.12M	-9.31M	-71.65M	33.14M
Balance Sheet
Total Assets	660.60M	727.11M	780.34M	815.37M	912.50M
Cash, Cash Equivalents and Short-Term Investments	68.93M	59.49M	67.45M	39.96M	37.62M
Total Debt	335.68M	348.46M	321.07M	335.98M	371.34M
Total Liabilities	395.93M	428.79M	406.11M	436.22M	465.96M
Stockholders Equity	264.67M	298.32M	373.90M	378.82M	446.22M
Cash Flow
Free Cash Flow	-17.56M	-17.56M	-1.66M	-15.08M	11.24M
Operating Cash Flow	-10.26M	-10.26M	8.95M	-14.62M	18.24M
Investing Cash Flow	17.56M	17.56M	49.13M	57.80M	62.36M
Financing Cash Flow	-15.29M	-15.29M	-16.99M	-41.35M	-78.90M

SEACOR Marine Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.34
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SMHI, the sentiment is Positive. The current price of 6.34 is below the 20-day moving average (MA) of 7.44, below the 50-day MA of 6.77, and above the 200-day MA of 6.32, indicating a bullish trend. The MACD of 0.25 indicates Positive momentum. The RSI at 56.68 is Neutral, neither overbought nor oversold. The STOCH value of 40.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SMHI.

SEACOR Marine Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GASS	83 Outperform	$330.59M	4.15	9.21%	―	12.23%	-5.22%
KNOP	74 Outperform	$363.43M	4.98	8.71%	1.00%	19.59%	―
SHIP	66 Neutral	$308.69M	9.07	7.65%	4.94%	-8.99%	-68.66%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
DSX	60 Neutral	$297.54M	15.21	3.54%	2.34%	-5.45%	139.59%
PXS	52 Neutral	$44.36M	6.41	0.28%	―	-23.25%	-107.24%
SMHI	47 Neutral	$204.83M	-5.67	-21.41%	―	-11.96%	15.61%

SEACOR Marine Holdings Corporate Events

SEACOR Marine Reports Weaker Q4 2025 Results, Outlines Outlook

On February 25, 2026, SEACOR Marine reported fourth-quarter 2025 results showing consolidated operating revenues of $52.3 million, an operating loss of $5.2 million and a net loss of $14.6 million, with revenue down 25% year-on-year as vessel sales, lower liftboat utilization and softer markets weighed on performance despite a PSV sale gain. Average day rates and utilization declined versus a year earlier, DVP margin compressed to 18.5%, and management highlighted cost-cutting measures, a streamlined cost structure, significant contracted revenue backlog above $500 million at year-end 2025 and the upcoming delivery of two newbuild PSVs as it pursues an asset rotation strategy and evaluates deployment options for charter-free liftboats.

The board also set June 2, 2026 as the date for the 2026 annual meeting of stockholders, with an April 13, 2026 record date for determining eligible shareholders, formalizing the company’s governance calendar for the year.

The most recent analyst rating on (SMHI) stock is a Sell with a $6.50 price target. To see the full list of analyst forecasts on SEACOR Marine Holdings stock, see the SMHI Stock Forecast page.