SEACOR Marine Holdings Inc. SMHI
SEACOR Marine's principal executive office is located at 12121 Wickchester Lane, Suite 500, Houston, Texas 77079, and its telephone number is (346) 980-1700. SEACOR Marine's website address is www.seacormarine.com. Any reference to SEACOR Marine's website is not intended to incorporate the information on the website into this Annual Report on Form 10-K.
The Company's corporate governance documents, including SEACOR Marine's board of directors' ("Board of Directors") Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee charters as well as the Company's Corporate Governance Guidelines, Code of Ethics and Insider Trading and Tipping Procedures and Guidelines ("Insider Trading Policy") are available, free of charge, on SEACOR Marine's website or in print for stockholders who request a copy.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $227.8M | $271.4M | $279.5M | $217.3M | $170.9M | $141.8M | $174.5M | $179.2M | $123.4M | $215.6M |
| Cost of revenue | — | — | — | — | — | — | — | $175.1M | $146.7M | $149.3M |
| Gross profit | $46.1M | $74.1M | $119.9M | $45.3M | $43.5M | $50.7M | $64.9M | $59.6M | $18.6M | $66.3M |
| SG&A | $47.5M | $44.7M | $49.2M | $40.9M | $37.6M | $40.1M | $39.8M | $41.6M | $49.9M | $49.3M |
| Total operating expenses | $277.5M | $295.3M | $265.4M | $272.7M | $228.5M | $195.9M | $222.3M | $235.6M | $229.4M | $274.3M |
| Operating income | $13.7M | -$10.4M | $35.5M | -$54.0M | -$37.1M | -$71.6M | -$54.3M | -$68.4M | -$129.6M | -$174.9M |
| Interest expense | $36.0M | $40.6M | $37.5M | $29.7M | $28.1M | $30.7M | $29.0M | $26.7M | $16.0M | $10.0M |
| Pre-tax income | -$19.1M | -$83.0M | -$4.1M | -$70.1M | $6.6M | -$98.1M | -$84.5M | -$92.4M | -$117.8M | -$190.3M |
| Income tax | $10.5M | $2.6M | $8.8M | $8.6M | $11.5M | $22.9M | $8.0M | $13.5M | $74.4M | $63.5M |
| Net income | -$27.8M | -$78.1M | -$9.3M | -$71.7M | $33.1M | -$78.9M | -$92.8M | -$77.6M | -$32.9M | -$132.0M |
| EPS, basic | -1.06 | -2.82 | -0.34 | -2.69 | 1.30 | -3.18 | -3.95 | — | -1.87 | -7.47 |
| EPS, diluted | -1.06 | -2.82 | -0.34 | -2.69 | 1.30 | -3.18 | -3.95 | -3.70 | -1.87 | -7.47 |
| Shares, diluted (wtd. avg.) | $26.2M | $27.7M | $27.1M | $26.6M | $25.5M | $24.8M | $23.5M | — | $17.6M | $17.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $68.9M | $59.5M | $67.5M | $40.0M | $37.6M | $32.7M | $81.4M | $91.6M | $110.2M | $118.8M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $40.1M |
| Receivables | $64.5M | $69.9M | $63.7M | $54.4M | $55.5M | $45.3M | $43.0M | $55.0M | $45.6M | $44.8M |
| Inventory | $2.2M | $2.8M | $1.6M | $2.1M | $928.0K | $576.0K | $1.2M | $2.0M | $3.8M | $3.1M |
| Total current assets | $179.8M | $173.7M | $164.7M | $132.3M | $111.0M | $178.7M | $194.7M | $179.0M | $177.3M | $250.6M |
| Property, plant and equipment | $475.0M | $544.9M | $605.0M | $665.0M | $721.3M | $753.7M | $660.9M | $744.1M | $689.8M | $541.9M |
| Total assets | $660.6M | $727.1M | $780.3M | $815.4M | $912.5M | $1.02B | $1.01B | $1.10B | $1.01B | $1.02B |
| Accounts payable | $21.3M | $29.2M | $27.6M | $38.0M | $28.4M | $30.0M | $24.6M | $18.1M | $24.0M | $26.0M |
| Short-term debt | $30.0M | $27.5M | $28.4M | $61.5M | $31.6M | $32.4M | $17.8M | $16.8M | $22.9M | $20.4M |
| Total current liabilities | $70.7M | $85.0M | $77.1M | $121.2M | $84.7M | $131.8M | $120.3M | $83.6M | $99.2M | $81.0M |
| Long-term debt | $304.6M | $317.3M | $287.5M | $260.1M | $332.8M | $440.5M | $355.7M | $387.9M | $292.0M | $217.8M |
| Total liabilities | $395.9M | $428.8M | $406.1M | $436.2M | $466.0M | $615.8M | $530.3M | $548.0M | $485.3M | $465.0M |
| Retained earnings | -$208.4M | -$180.6M | -$102.4M | -$93.1M | -$22.9M | -$51.8M | $27.1M | $126.8M | $216.5M | $249.4M |
| Total equity | $264.4M | $298.0M | $374.2M | $379.1M | $446.5M | $401.8M | $478.9M | $565.4M | $511.1M | $550.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$36.4M | -$10.3M | $8.9M | -$14.6M | $9.3M | -$29.5M | $1.7M | -$63.6M | $37.6M | -$29.2M |
| Depreciation and amortisation | $47.1M | $51.6M | $53.8M | $56.0M | $57.4M | $57.2M | $57.2M | $61.4M | $60.3M | $58.1M |
| Stock-based compensation | $6.3M | $6.5M | $6.0M | $4.6M | $5.4M | $4.8M | $5.4M | — | $726.0K | $0 |
| Capital expenditure | $48.8M | $7.3M | $10.6M | $462.0K | $7.0M | $20.8M | $44.8M | $35.6M | $69.0M | $100.9M |
| Investing cash flow | $80.4M | $17.6M | $49.1M | $57.8M | $71.8M | $3.8M | $31.0M | -$26.8M | -$31.5M | -$15.7M |
| Financing cash flow | -$27.1M | -$15.3M | -$17.0M | -$41.4M | -$79.2M | -$22.8M | -$25.9M | $68.3M | -$11.7M | $15.6M |
| Buybacks | $7.1M | $0 | $0 | $672.0K | $272.0K | $178.0K | $579.0K | $88.0K | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-159284.
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