SEACOR Marine Holdings Inc.
SMHI · Deep Sea Foreign Transportation of Freight · 27.1M shares · +4%/yr ↑ dilution · EDGAR filings ↗
Grade
C55Offshore support-vessel operator restructuring and monetizing assets amid a soft, cyclical market.
Strengths
- Asset sales generated sizable gains and cash; current/quick ratios ~2.5 (60th-68th pct)
- Cost-reduction program (~$3.9M annualized savings) and offshore-wind exposure
Risks
- Negative free cash flow (-$85M, 10th pct) and elevated leverage (D/E 1.15, 81st pct)
- Highly cyclical offshore demand; profitability metrics weak/absent, ~3.2 quarters runway
Notable findings
- RestatementSEACOR Marine’s Third Amended and Restated Certificate of Incorporation (“Certificate of Incorporation”) and Third Amended and Restated By-Laws (“By-Laws”) include various provisions designed to facil 8-K ↗
- Cash burnNegative free cash flow (-85.2M)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on equity
-10.5%
Return on assets
-4.2%
ROIC
1.9%
Revenue growth (QoQ)
3.2%
Debt / equity
1.2×
Net debt / EBITDA
3.9×
Current ratio
2.5×
Free cash flow
-$85M
EBITDA
$61M
Tangible book value
$264M
Cash & investments
$69M
Cash runway
3q
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-04 | Shareholder vote | filing ↗ |
| 2026-05-21 | Material agreementDebt obligationOtherExhibits | filing ↗ |
| 2026-04-29 | ResultsExhibits | filing ↗ |
| 2026-02-25 | ResultsReg FDOtherExhibits | filing ↗ |
| 2025-11-13 | Reg FDExhibits | filing ↗ |
| 2025-10-29 | ResultsExhibits | filing ↗ |
| 2025-10-03 | Acquisition/dispositionExhibits | filing ↗ |
| 2025-09-09 | Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-04 | 2026-06-02 | 0001690334-26-000014 ↗ |
| 8-K | 2026-05-21 | 2026-05-20 | 0001690334-26-000012 ↗ |
| 10-Q | 2026-04-29 | 2026-03-31 | 0001690334-26-000008 ↗ |
| 8-K | 2026-04-29 | 2026-04-29 | 0001690334-26-000009 ↗ |
| 10-K | 2026-02-25 | 2025-12-31 | 0001193125-26-072102 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0001193125-26-072103 ↗ |
| 8-K | 2025-11-13 | 2025-11-13 | 0001193125-25-280517 ↗ |
| 10-Q | 2025-10-29 | 2025-09-30 | 0001193125-25-256420 ↗ |
| 8-K | 2025-10-29 | 2025-10-29 | 0001193125-25-256404 ↗ |
| 8-K | 2025-10-03 | 2025-09-29 | 0001193125-25-230252 ↗ |
| 8-K | 2025-09-09 | 2025-09-09 | 0001193125-25-199250 ↗ |
| 8-K | 2025-08-07 | 2025-08-06 | 0001193125-25-174900 ↗ |