SEACOR Marine Holdings Inc. (SMHI) 10-Year Financial Performance & Capital Metrics

SMHI • • Industrial / General

IndustrialsMarine ShippingOffshore Support ServicesOffshore Wind Installation

AboutSEACOR 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.Show more

Revenue $271M -2.9%
EBITDA $41M -53.9%
Net Income -$78M -738.8%
EPS (Diluted) -2.82 -729.4%
Gross Margin 7.67% -66.1%
EBITDA Margin 15.18% -52.5%
Operating Margin -3.84% -130.2%
Net Margin -28.79% -764.0%
ROE -23.22% -839.1%
ROIC -1.29% -131.5%
Debt/Equity 1.17 +36.0%
Interest Coverage -0.26 -127.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.6x book value

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-6.47%

5Y9.24%

3Y16.65%

TTM-11.96%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM14.56%

EPS CAGR

10Y-

5Y-

3Y-

TTM16.07%

ROCE

10Y Avg-6.33%

5Y Avg-3.15%

3Y Avg-1.19%

Latest-1.55%

Peer Comparison

Offshore Wind Installation

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CDLRCadeler A/S	1.89B	21.60	27.69	128.99%	50.04%	18.64%		0.47
SMHISEACOR Marine Holdings Inc.	169.68M	6.29	-2.23	-2.92%	-16.08%	-14.19%		1.17

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	368.87M	215.64M	123.42M	179.16M	174.45M	141.84M	170.94M	217.32M	279.51M	271.36M
Revenue Growth %	-0.3%	-0.42%	-0.43%	0.45%	-0.03%	-0.19%	0.21%	0.27%	0.29%	-0.03%
Cost of Goods Sold+	337.7M	224.99M	179.58M	193.97M	182.53M	155.84M	190.89M	231.81M	216.22M	250.56M
COGS % of Revenue	0.92%	1.04%	1.45%	1.08%	1.05%	1.1%	1.12%	1.07%	0.77%	0.92%
Gross Profit+	31.17M	-9.36M	-56.16M	-14.81M	-8.08M	-14M	-19.95M	-14.49M	63.29M	20.8M
Gross Margin %	0.08%	-0.04%	-0.45%	-0.08%	-0.05%	-0.1%	-0.12%	-0.07%	0.23%	0.08%
Gross Profit Growth %	-0.81%	-1.3%	-5%	0.74%	0.45%	-0.73%	-0.42%	0.27%	5.37%	-0.67%
Operating Expenses+	70.1M	165.53M	73.49M	53.6M	46.25M	57.64M	17.2M	39.51M	27.77M	31.23M
OpEx % of Revenue	0.19%	0.77%	0.6%	0.3%	0.27%	0.41%	0.1%	0.18%	0.1%	0.12%
Selling, General & Admin	53.09M	49.31M	49.87M	41.62M	39.79M	40.05M	37.64M	40.91M	49.18M	44.71M
SG&A % of Revenue	0.14%	0.23%	0.4%	0.23%	0.23%	0.28%	0.22%	0.19%	0.18%	0.16%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	17.02M	116.22M	23.62M	11.99M	6.46M	17.59M	-20.44M	-1.4M	-21.41M	-13.48M
Operating Income+	-38.94M	-174.89M	-129.64M	-68.41M	-54.33M	-71.64M	-37.15M	-54M	35.52M	-10.43M
Operating Margin %	-0.11%	-0.81%	-1.05%	-0.38%	-0.31%	-0.51%	-0.22%	-0.25%	0.13%	-0.04%
Operating Income Growth %	-1.93%	-3.49%	0.26%	0.47%	0.21%	-0.32%	0.48%	-0.45%	1.66%	-1.29%
EBITDA+	22.79M	-116.82M	-69.34M	-7M	2.84M	-14.47M	20.25M	1.96M	89.34M	41.2M
EBITDA Margin %	0.06%	-0.54%	-0.56%	-0.04%	0.02%	-0.1%	0.12%	0.01%	0.32%	0.15%
EBITDA Growth %	-0.79%	-6.12%	0.41%	0.9%	1.41%	-6.1%	2.4%	-0.9%	44.63%	-0.54%
D&A (Non-Cash Add-back)	61.73M	58.07M	60.31M	61.42M	57.17M	57.17M	57.4M	55.96M	53.82M	51.63M
EBIT	-48.46M	-180.3M	-101.75M	-65.71M	-55.52M	-67.42M	34.74M	-40.37M	33.43M	-42.42M
Net Interest Income+	-2.59M	-5.55M	-14.25M	-25.55M	-27.57M	-29.42M	-26.81M	-28.92M	-36.06M	-38.86M
Interest Income	1.53M	4.46M	1.8M	1.17M	1.39M	1.27M	1.3M	784K	1.44M	1.77M
Interest Expense	4.12M	10.01M	16.04M	26.73M	28.96M	30.69M	28.11M	29.71M	37.5M	40.63M
Other Income/Expense	-4.88M	-21.73M	15.71M	-28.03M	-30.15M	-34.63M	58.85M	-9.07M	-36.03M	-70.31M
Pretax Income+	-43.82M	-196.62M	-113.94M	-96.44M	-84.47M	-106.27M	21.7M	-63.07M	-515K	-80.74M
Pretax Margin %	-0.12%	-0.91%	-0.92%	-0.54%	-0.48%	-0.75%	0.13%	-0.29%	-0%	-0.3%
Income Tax+	-16.97M	-63.47M	-74.41M	-13.46M	-7.97M	-22.92M	11.49M	8.58M	8.8M	-2.62M
Effective Tax Rate %	0.62%	0.67%	0.29%	0.8%	1.1%	0.74%	1.53%	1.14%	18.09%	0.97%
Net Income+	-27.25M	-132.05M	-32.9M	-77.61M	-92.84M	-78.92M	33.14M	-71.65M	-9.31M	-78.12M
Net Margin %	-0.07%	-0.61%	-0.27%	-0.43%	-0.53%	-0.56%	0.19%	-0.33%	-0.03%	-0.29%
Net Income Growth %	-1.57%	-3.85%	0.75%	-1.36%	-0.2%	0.15%	1.42%	-3.16%	0.87%	-7.39%
Net Income (Continuing)	-26.85M	-133.15M	-39.53M	-82.98M	-90.96M	-83.35M	10.21M	-71.65M	-9.31M	-78.12M
Discontinued Operations	0	0	0	0	-7.73M	364K	22.93M	0	0	0
Minority Interest	7.95M	5.54M	14.97M	29.4M	21.43M	319K	320K	321K	321K	321K
EPS (Diluted)+	-1.54	-7.46	-1.87	-3.71	-3.19	-3.03	-0.19	-2.95	-0.34	-2.82
EPS Growth %	-1.57%	-3.84%	0.75%	-0.98%	0.14%	0.05%	0.94%	-14.53%	0.88%	-7.29%
EPS (Basic)	-1.54	-7.47	-1.87	-3.71	-3.19	-3.03	-0.19	-2.95	-0.34	-2.82
Diluted Shares Outstanding	17.7M	17.7M	17.6M	20.93M	23.51M	24.79M	25.5M	26.63M	27.08M	27.66M
Basic Shares Outstanding	17.67M	17.67M	17.6M	20.93M	23.51M	24.79M	25.44M	26.63M	27.08M	27.66M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	264.66M	250.56M	177.29M	179.03M	194.66M	178.7M	108.78M	132.31M	164.69M	173.65M
Cash & Short-Term Investments	179.75M	157.45M	110.23M	95.19M	81.38M	36.02M	37.62M	39.96M	67.45M	59.49M
Cash Only	150.24M	117.31M	110.23M	95.19M	81.38M	36.02M	37.62M	39.96M	67.45M	59.49M
Short-Term Investments	29.51M	40.14M	0	0	0	0	0	0	0	0
Accounts Receivable	78.32M	85.25M	57.96M	66.34M	61.29M	88.64M	62.9M	77.34M	75.76M	79.4M
Days Sales Outstanding	77.5	144.3	171.4	135.15	128.23	228.1	134.31	129.9	98.93	106.8
Inventory	4M	3.06M	3.76M	3.44M	1.23M	576K	928K	2.12M	1.61M	2.76M
Days Inventory Outstanding	4.32	4.96	7.63	6.48	2.46	1.35	1.77	3.34	2.72	4.02
Other Current Assets	16.76M	1.46M	2.32M	28.17M	48.82M	53.47M	3.73M	12.89M	19.86M	32M
Total Non-Current Assets+	955.29M	764.55M	831.21M	923.9M	814.53M	869.57M	803.72M	683.05M	615.65M	553.46M
Property, Plant & Equipment	792.17M	541.94M	689.83M	770.38M	677.45M	760.92M	730.23M	678.03M	609.37M	548.34M
Fixed Asset Turnover	0.47x	0.40x	0.18x	0.23x	0.26x	0.19x	0.23x	0.32x	0.46x	0.49x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	1.05M	0	0	0	0	0	0	0	0	0
Long-Term Investments	130.01M	138.31M	92.17M	121.77M	120.83M	75.44M	71.73M	3.02M	4.13M	3.54M
Other Non-Current Assets	20.25M	84.3M	49.21M	31.75M	16.25M	2.6M	1.77M	2M	2.15M	1.58M
Total Assets+	1.22B	1.02B	1.01B	1.1B	1.01B	1.05B	912.5M	815.37M	780.34M	727.11M
Asset Turnover	0.30x	0.21x	0.12x	0.16x	0.17x	0.14x	0.19x	0.27x	0.36x	0.37x
Asset Growth %	0.04%	-0.17%	-0.01%	0.09%	-0.08%	0.04%	-0.13%	-0.11%	-0.04%	-0.07%
Total Current Liabilities+	108M	81.02M	99.22M	83.62M	120.3M	131.8M	84.67M	121.16M	77.09M	85.04M
Accounts Payable	29M	25.97M	24.02M	18.09M	24.6M	29.97M	28.42M	37.95M	27.56M	29.24M
Days Payables Outstanding	31.34	42.13	48.83	34.04	49.19	70.19	54.34	59.76	46.53	42.59
Short-Term Debt	31.49M	20.4M	22.86M	16.81M	17.8M	39.44M	31.6M	61.51M	28.36M	27.5M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	687K	1000K
Other Current Liabilities	42.04M	17.28M	32.85M	39.89M	34.94M	52.89M	8.39M	4.69M	13.76M	5.95M
Current Ratio	2.45x	3.09x	1.79x	2.14x	1.62x	1.36x	1.28x	1.09x	2.14x	2.04x
Quick Ratio	2.41x	3.06x	1.75x	2.10x	1.61x	1.35x	1.27x	1.07x	2.12x	2.01x
Cash Conversion Cycle	50.48	107.13	130.2	107.59	81.5	159.26	81.74	73.48	55.12	68.23
Total Non-Current Liabilities+	422.1M	383.95M	386.12M	464.38M	409.97M	514.62M	381.3M	315.06M	329.03M	343.75M
Long-Term Debt	181.34M	217.81M	292.04M	387.85M	355.71M	440.51M	332.76M	260.12M	287.54M	317.34M
Capital Lease Obligations	0	0	0	-3K	9.26M	4.45M	4.96M	11.52M	3.54M	3M
Deferred Tax Liabilities	187.17M	124.94M	55.51M	44.68M	33.56M	66.42M	40.68M	40.78M	35.72M	22.04M
Other Non-Current Liabilities	53.59M	0	94.08M	5.27M	5.21M	3.24M	0	2.64M	2.23M	1.37M
Total Liabilities	530.1M	464.96M	485.34M	548M	530.27M	646.42M	465.96M	436.22M	406.11M	428.79M
Total Debt+	212.83M	238.21M	314.9M	404.67M	397.67M	484.4M	371.34M	335.98M	321.07M	348.46M
Net Debt	62.59M	120.9M	204.66M	309.47M	316.29M	448.39M	333.73M	296.01M	253.62M	288.97M
Debt / Equity	0.31x	0.43x	0.60x	0.73x	0.83x	1.21x	0.83x	0.89x	0.86x	1.17x
Debt / EBITDA	9.34x	-	-	-	140.12x	-	18.34x	171.59x	3.59x	8.46x
Net Debt / EBITDA	2.75x	-	-	-	111.45x	-	16.48x	151.18x	2.84x	7.01x
Interest Coverage	-9.46x	-17.47x	-8.08x	-2.56x	-1.88x	-2.33x	-1.32x	-1.82x	0.95x	-0.26x
Total Equity+	689.85M	550.15M	523.17M	554.93M	478.92M	401.84M	446.54M	379.15M	374.22M	298.64M
Equity Growth %	-0.03%	-0.2%	-0.05%	0.06%	-0.14%	-0.16%	0.11%	-0.15%	-0.01%	-0.2%
Book Value per Share	38.97	31.08	29.72	26.52	20.37	16.21	17.51	14.24	13.82	10.80
Total Shareholders' Equity	681.9M	544.61M	508.19M	525.53M	457.49M	401.52M	446.22M	378.82M	373.9M	298.32M
Common Stock	177K	177K	177K	204K	219K	235K	262K	272K	280K	287K
Retained Earnings	381.46M	249.41M	216.51M	126.83M	27.08M	-51.84M	-22.91M	-93.11M	-102.42M	-180.6M
Treasury Stock	0	0	0	-91K	-669K	-848K	-1.12M	-1.85M	-4.22M	-8.11M
Accumulated OCI	-6.09M	-11.34M	-12.49M	-16.79M	1.55M	2.79M	8.05M	6.85M	7.58M	7.14M
Minority Interest	7.95M	5.54M	14.97M	29.4M	21.43M	319K	320K	321K	321K	321K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	20.2M	-29.19M	34.74M	-53.02M	15.44M	-21.51M	18.24M	-14.62M	8.95M	-10.26M
Operating CF Margin %	0.05%	-0.14%	0.28%	-0.3%	0.09%	-0.15%	0.11%	-0.07%	0.03%	-0.04%
Operating CF Growth %	-0.71%	-2.44%	2.19%	-2.53%	1.29%	-2.39%	1.85%	-1.8%	1.61%	-2.15%
Net Income	-26.85M	-133.15M	-38.54M	-82.05M	-85.11M	-79.28M	10.21M	-71.65M	-9.31M	-78.12M
Depreciation & Amortization	61.73M	58.07M	62.78M	72.25M	57.17M	57.17M	57.4M	55.96M	53.82M	51.63M
Stock-Based Compensation	0	0	1.41M	4.39M	0	0	0	0	6M	0
Deferred Taxes	-16.49M	-48.05M	-61.01M	-22.74M	-12.89M	2.26M	4.86M	97K	-5.06M	-13.68M
Other Non-Cash Items	-37.69M	-13.15M	41.39M	11.78M	44.58M	40.33M	-80.24M	-8.43M	-8.38M	33.09M
Working Capital Changes	19.44M	-19.43M	28.71M	-36.65M	11.69M	-41.98M	26.02M	9.41M	-28.11M	-3.17M
Change in Receivables	39.87M	5.64M	28.94M	-18.98M	10.18M	-30.16M	22.44M	-652K	-17.21M	-4.6M
Change in Inventory	0	-187.63M	-71.84M	-94.24M	0	0	0	0	0	0
Change in Payables	0	-6.99M	-6.46M	-18.85M	957K	-18.34M	471K	7.5M	0	2.75M
Cash from Investing+	-88.2M	-15.67M	-32.26M	-31.15M	12.25M	-4.5M	62.36M	57.8M	49.13M	17.56M
Capital Expenditures	-87.77M	-100.88M	-69.02M	-51.98M	-44.77M	-20.81M	-7M	-462K	-10.6M	-7.29M
CapEx % of Revenue	0.24%	0.47%	0.56%	0.29%	0.26%	0.15%	0.04%	0%	0.04%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	32.32M	60.53M	35.3M	56.54M	-15.39M	-2.86M	3.35M	-14.47M	59.73M	0
Cash from Financing+	115.1M	15.59M	-11.73M	69.25M	-22.55M	-21.66M	-78.9M	-41.35M	-16.99M	-15.29M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-1.84M	0	-2.66M	-1.72M	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-51.75M	-205K	-3.69M	16.36M	0	941K	-785K	-3.35M	-4.19M	-7.6M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-67.56M	-130.07M	-34.28M	-105M	-29.34M	-42.31M	11.24M	-15.08M	-1.66M	-17.56M
FCF Margin %	-0.18%	-0.6%	-0.28%	-0.59%	-0.17%	-0.3%	0.07%	-0.07%	-0.01%	-0.06%
FCF Growth %	-3.63%	-0.93%	0.74%	-2.06%	0.72%	-0.44%	1.27%	-2.34%	0.89%	-9.6%
FCF per Share	-3.82	-7.35	-1.95	-5.02	-1.25	-1.71	0.44	-0.57	-0.06	-0.63
FCF Conversion (FCF/Net Income)	-0.74x	0.22x	-1.06x	0.68x	-0.17x	0.27x	0.55x	0.20x	-0.96x	0.13x
Interest Paid	0	0	0	0	0	0	0	0	31.45M	0
Taxes Paid	0	0	0	0	0	0	0	0	2.96M	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-3.89%	-21.3%	-6.13%	-14.4%	-17.96%	-17.92%	7.81%	-17.36%	-2.47%	-23.22%
Return on Invested Capital (ROIC)	-4.1%	-18.43%	-13.9%	-6.45%	-4.91%	-6.53%	-3.42%	-5.57%	4.09%	-1.29%
Gross Margin	8.45%	-4.34%	-45.5%	-8.27%	-4.63%	-9.87%	-11.67%	-6.67%	22.64%	7.67%
Net Margin	-7.39%	-61.24%	-26.66%	-43.32%	-53.22%	-55.64%	19.38%	-32.97%	-3.33%	-28.79%
Debt / Equity	0.31x	0.43x	0.60x	0.73x	0.83x	1.21x	0.83x	0.89x	0.86x	1.17x
Interest Coverage	-9.46x	-17.47x	-8.08x	-2.56x	-1.88x	-2.33x	-1.32x	-1.82x	0.95x	-0.26x
FCF Conversion	-0.74x	0.22x	-1.06x	0.68x	-0.17x	0.27x	0.55x	0.20x	-0.96x	0.13x
Revenue Growth	-30.39%	-41.54%	-42.76%	45.16%	-2.63%	-18.7%	20.52%	27.13%	28.61%	-2.92%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Time Charter	-	-	-	-	-	-	251.38M	254.32M
Time Charter Growth	-	-	-	-	-	-	-	1.17%

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
Africa And Europe	-	-	-	-	42.93M	59.9M	90.31M	104.68M
Africa And Europe Growth	-	-	-	-	-	39.52%	50.78%	15.91%
Middle East And Asia	-	-	55.98M	54.21M	53.67M	52.84M	70.75M	72.33M
Middle East And Asia Growth	-	-	-	-3.17%	-0.99%	-1.55%	33.89%	2.22%
Latin America	-	-	16.42M	24.89M	53.7M	43.79M	58.92M	58.55M
Latin America Growth	-	-	-	51.59%	115.73%	-18.46%	34.56%	-0.62%
UNITED STATES	-	38.8M	44.32M	15.21M	20.64M	60.8M	59.53M	35.8M
UNITED STATES Growth	-	-	14.23%	-65.70%	35.76%	194.53%	-2.09%	-39.86%
Africa	-	43.85M	45.62M	35.41M	-	-	-	-
Africa Growth	-	-	4.05%	-22.38%	-	-	-	-
Europe	-	72.19M	39.15M	12.12M	-	-	-	-
Europe Growth	-	-	-45.77%	-69.04%	-	-	-	-
Middle East and Asia	-	50.07M	-	-	-	-	-	-
Middle East and Asia Growth	-	-	-	-	-	-	-	-
Brazil, Mexico, Central and South America	-	17.34M	-	-	-	-	-	-
Brazil, Mexico, Central and South America Growth	-	-	-	-	-	-	-	-
Non-US	26.8M	-	-	-	-	-	-	-
Non-US Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

SEACOR Marine Holdings Inc. (SMHI) reported $245.3M in revenue for fiscal year 2024. This represents a 54% decrease from $529.9M in 2014.

SEACOR Marine Holdings Inc. (SMHI) saw revenue decline by 2.9% over the past year.

SEACOR Marine Holdings Inc. (SMHI) reported a net loss of $39.4M for fiscal year 2024.

Dividend & Returns

SEACOR Marine Holdings Inc. (SMHI) has a return on equity (ROE) of -23.2%. Negative ROE indicates the company is unprofitable.

SEACOR Marine Holdings Inc. (SMHI) had negative free cash flow of $59.0M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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SEACOR Marine Holdings Inc. (SMHI) 10-Year Financial Performance & Capital Metrics

SMHI • • Industrial / General

IndustrialsMarine ShippingOffshore Support ServicesOffshore Wind Installation

Revenue $271M -2.9%
EBITDA $41M -53.9%
Net Income -$78M -738.8%
EPS (Diluted) -2.82 -729.4%
Gross Margin 7.67% -66.1%
EBITDA Margin 15.18% -52.5%
Operating Margin -3.84% -130.2%
Net Margin -28.79% -764.0%
ROE -23.22% -839.1%
ROIC -1.29% -131.5%
Debt/Equity 1.17 +36.0%
Interest Coverage -0.26 -127.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.6x book value

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-6.47%

5Y9.24%

3Y16.65%

TTM-11.96%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM14.56%

EPS CAGR

10Y-

5Y-

3Y-

TTM16.07%

ROCE

10Y Avg-6.33%

5Y Avg-3.15%

3Y Avg-1.19%

Latest-1.55%

Peer Comparison

Offshore Wind Installation

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CDLRCadeler A/S	1.89B	21.60	27.69	128.99%	50.04%	18.64%		0.47
SMHISEACOR Marine Holdings Inc.	169.68M	6.29	-2.23	-2.92%	-16.08%	-14.19%		1.17

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	368.87M	215.64M	123.42M	179.16M	174.45M	141.84M	170.94M	217.32M	279.51M	271.36M
Revenue Growth %	-0.3%	-0.42%	-0.43%	0.45%	-0.03%	-0.19%	0.21%	0.27%	0.29%	-0.03%
Cost of Goods Sold+	337.7M	224.99M	179.58M	193.97M	182.53M	155.84M	190.89M	231.81M	216.22M	250.56M
COGS % of Revenue	0.92%	1.04%	1.45%	1.08%	1.05%	1.1%	1.12%	1.07%	0.77%	0.92%
Gross Profit+	31.17M	-9.36M	-56.16M	-14.81M	-8.08M	-14M	-19.95M	-14.49M	63.29M	20.8M
Gross Margin %	0.08%	-0.04%	-0.45%	-0.08%	-0.05%	-0.1%	-0.12%	-0.07%	0.23%	0.08%
Gross Profit Growth %	-0.81%	-1.3%	-5%	0.74%	0.45%	-0.73%	-0.42%	0.27%	5.37%	-0.67%
Operating Expenses+	70.1M	165.53M	73.49M	53.6M	46.25M	57.64M	17.2M	39.51M	27.77M	31.23M
OpEx % of Revenue	0.19%	0.77%	0.6%	0.3%	0.27%	0.41%	0.1%	0.18%	0.1%	0.12%
Selling, General & Admin	53.09M	49.31M	49.87M	41.62M	39.79M	40.05M	37.64M	40.91M	49.18M	44.71M
SG&A % of Revenue	0.14%	0.23%	0.4%	0.23%	0.23%	0.28%	0.22%	0.19%	0.18%	0.16%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	17.02M	116.22M	23.62M	11.99M	6.46M	17.59M	-20.44M	-1.4M	-21.41M	-13.48M
Operating Income+	-38.94M	-174.89M	-129.64M	-68.41M	-54.33M	-71.64M	-37.15M	-54M	35.52M	-10.43M
Operating Margin %	-0.11%	-0.81%	-1.05%	-0.38%	-0.31%	-0.51%	-0.22%	-0.25%	0.13%	-0.04%
Operating Income Growth %	-1.93%	-3.49%	0.26%	0.47%	0.21%	-0.32%	0.48%	-0.45%	1.66%	-1.29%
EBITDA+	22.79M	-116.82M	-69.34M	-7M	2.84M	-14.47M	20.25M	1.96M	89.34M	41.2M
EBITDA Margin %	0.06%	-0.54%	-0.56%	-0.04%	0.02%	-0.1%	0.12%	0.01%	0.32%	0.15%
EBITDA Growth %	-0.79%	-6.12%	0.41%	0.9%	1.41%	-6.1%	2.4%	-0.9%	44.63%	-0.54%
D&A (Non-Cash Add-back)	61.73M	58.07M	60.31M	61.42M	57.17M	57.17M	57.4M	55.96M	53.82M	51.63M
EBIT	-48.46M	-180.3M	-101.75M	-65.71M	-55.52M	-67.42M	34.74M	-40.37M	33.43M	-42.42M
Net Interest Income+	-2.59M	-5.55M	-14.25M	-25.55M	-27.57M	-29.42M	-26.81M	-28.92M	-36.06M	-38.86M
Interest Income	1.53M	4.46M	1.8M	1.17M	1.39M	1.27M	1.3M	784K	1.44M	1.77M
Interest Expense	4.12M	10.01M	16.04M	26.73M	28.96M	30.69M	28.11M	29.71M	37.5M	40.63M
Other Income/Expense	-4.88M	-21.73M	15.71M	-28.03M	-30.15M	-34.63M	58.85M	-9.07M	-36.03M	-70.31M
Pretax Income+	-43.82M	-196.62M	-113.94M	-96.44M	-84.47M	-106.27M	21.7M	-63.07M	-515K	-80.74M
Pretax Margin %	-0.12%	-0.91%	-0.92%	-0.54%	-0.48%	-0.75%	0.13%	-0.29%	-0%	-0.3%
Income Tax+	-16.97M	-63.47M	-74.41M	-13.46M	-7.97M	-22.92M	11.49M	8.58M	8.8M	-2.62M
Effective Tax Rate %	0.62%	0.67%	0.29%	0.8%	1.1%	0.74%	1.53%	1.14%	18.09%	0.97%
Net Income+	-27.25M	-132.05M	-32.9M	-77.61M	-92.84M	-78.92M	33.14M	-71.65M	-9.31M	-78.12M
Net Margin %	-0.07%	-0.61%	-0.27%	-0.43%	-0.53%	-0.56%	0.19%	-0.33%	-0.03%	-0.29%
Net Income Growth %	-1.57%	-3.85%	0.75%	-1.36%	-0.2%	0.15%	1.42%	-3.16%	0.87%	-7.39%
Net Income (Continuing)	-26.85M	-133.15M	-39.53M	-82.98M	-90.96M	-83.35M	10.21M	-71.65M	-9.31M	-78.12M
Discontinued Operations	0	0	0	0	-7.73M	364K	22.93M	0	0	0
Minority Interest	7.95M	5.54M	14.97M	29.4M	21.43M	319K	320K	321K	321K	321K
EPS (Diluted)+	-1.54	-7.46	-1.87	-3.71	-3.19	-3.03	-0.19	-2.95	-0.34	-2.82
EPS Growth %	-1.57%	-3.84%	0.75%	-0.98%	0.14%	0.05%	0.94%	-14.53%	0.88%	-7.29%
EPS (Basic)	-1.54	-7.47	-1.87	-3.71	-3.19	-3.03	-0.19	-2.95	-0.34	-2.82
Diluted Shares Outstanding	17.7M	17.7M	17.6M	20.93M	23.51M	24.79M	25.5M	26.63M	27.08M	27.66M
Basic Shares Outstanding	17.67M	17.67M	17.6M	20.93M	23.51M	24.79M	25.44M	26.63M	27.08M	27.66M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	264.66M	250.56M	177.29M	179.03M	194.66M	178.7M	108.78M	132.31M	164.69M	173.65M
Cash & Short-Term Investments	179.75M	157.45M	110.23M	95.19M	81.38M	36.02M	37.62M	39.96M	67.45M	59.49M
Cash Only	150.24M	117.31M	110.23M	95.19M	81.38M	36.02M	37.62M	39.96M	67.45M	59.49M
Short-Term Investments	29.51M	40.14M	0	0	0	0	0	0	0	0
Accounts Receivable	78.32M	85.25M	57.96M	66.34M	61.29M	88.64M	62.9M	77.34M	75.76M	79.4M
Days Sales Outstanding	77.5	144.3	171.4	135.15	128.23	228.1	134.31	129.9	98.93	106.8
Inventory	4M	3.06M	3.76M	3.44M	1.23M	576K	928K	2.12M	1.61M	2.76M
Days Inventory Outstanding	4.32	4.96	7.63	6.48	2.46	1.35	1.77	3.34	2.72	4.02
Other Current Assets	16.76M	1.46M	2.32M	28.17M	48.82M	53.47M	3.73M	12.89M	19.86M	32M
Total Non-Current Assets+	955.29M	764.55M	831.21M	923.9M	814.53M	869.57M	803.72M	683.05M	615.65M	553.46M
Property, Plant & Equipment	792.17M	541.94M	689.83M	770.38M	677.45M	760.92M	730.23M	678.03M	609.37M	548.34M
Fixed Asset Turnover	0.47x	0.40x	0.18x	0.23x	0.26x	0.19x	0.23x	0.32x	0.46x	0.49x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	1.05M	0	0	0	0	0	0	0	0	0
Long-Term Investments	130.01M	138.31M	92.17M	121.77M	120.83M	75.44M	71.73M	3.02M	4.13M	3.54M
Other Non-Current Assets	20.25M	84.3M	49.21M	31.75M	16.25M	2.6M	1.77M	2M	2.15M	1.58M
Total Assets+	1.22B	1.02B	1.01B	1.1B	1.01B	1.05B	912.5M	815.37M	780.34M	727.11M
Asset Turnover	0.30x	0.21x	0.12x	0.16x	0.17x	0.14x	0.19x	0.27x	0.36x	0.37x
Asset Growth %	0.04%	-0.17%	-0.01%	0.09%	-0.08%	0.04%	-0.13%	-0.11%	-0.04%	-0.07%
Total Current Liabilities+	108M	81.02M	99.22M	83.62M	120.3M	131.8M	84.67M	121.16M	77.09M	85.04M
Accounts Payable	29M	25.97M	24.02M	18.09M	24.6M	29.97M	28.42M	37.95M	27.56M	29.24M
Days Payables Outstanding	31.34	42.13	48.83	34.04	49.19	70.19	54.34	59.76	46.53	42.59
Short-Term Debt	31.49M	20.4M	22.86M	16.81M	17.8M	39.44M	31.6M	61.51M	28.36M	27.5M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	687K	1000K
Other Current Liabilities	42.04M	17.28M	32.85M	39.89M	34.94M	52.89M	8.39M	4.69M	13.76M	5.95M
Current Ratio	2.45x	3.09x	1.79x	2.14x	1.62x	1.36x	1.28x	1.09x	2.14x	2.04x
Quick Ratio	2.41x	3.06x	1.75x	2.10x	1.61x	1.35x	1.27x	1.07x	2.12x	2.01x
Cash Conversion Cycle	50.48	107.13	130.2	107.59	81.5	159.26	81.74	73.48	55.12	68.23
Total Non-Current Liabilities+	422.1M	383.95M	386.12M	464.38M	409.97M	514.62M	381.3M	315.06M	329.03M	343.75M
Long-Term Debt	181.34M	217.81M	292.04M	387.85M	355.71M	440.51M	332.76M	260.12M	287.54M	317.34M
Capital Lease Obligations	0	0	0	-3K	9.26M	4.45M	4.96M	11.52M	3.54M	3M
Deferred Tax Liabilities	187.17M	124.94M	55.51M	44.68M	33.56M	66.42M	40.68M	40.78M	35.72M	22.04M
Other Non-Current Liabilities	53.59M	0	94.08M	5.27M	5.21M	3.24M	0	2.64M	2.23M	1.37M
Total Liabilities	530.1M	464.96M	485.34M	548M	530.27M	646.42M	465.96M	436.22M	406.11M	428.79M
Total Debt+	212.83M	238.21M	314.9M	404.67M	397.67M	484.4M	371.34M	335.98M	321.07M	348.46M
Net Debt	62.59M	120.9M	204.66M	309.47M	316.29M	448.39M	333.73M	296.01M	253.62M	288.97M
Debt / Equity	0.31x	0.43x	0.60x	0.73x	0.83x	1.21x	0.83x	0.89x	0.86x	1.17x
Debt / EBITDA	9.34x	-	-	-	140.12x	-	18.34x	171.59x	3.59x	8.46x
Net Debt / EBITDA	2.75x	-	-	-	111.45x	-	16.48x	151.18x	2.84x	7.01x
Interest Coverage	-9.46x	-17.47x	-8.08x	-2.56x	-1.88x	-2.33x	-1.32x	-1.82x	0.95x	-0.26x
Total Equity+	689.85M	550.15M	523.17M	554.93M	478.92M	401.84M	446.54M	379.15M	374.22M	298.64M
Equity Growth %	-0.03%	-0.2%	-0.05%	0.06%	-0.14%	-0.16%	0.11%	-0.15%	-0.01%	-0.2%
Book Value per Share	38.97	31.08	29.72	26.52	20.37	16.21	17.51	14.24	13.82	10.80
Total Shareholders' Equity	681.9M	544.61M	508.19M	525.53M	457.49M	401.52M	446.22M	378.82M	373.9M	298.32M
Common Stock	177K	177K	177K	204K	219K	235K	262K	272K	280K	287K
Retained Earnings	381.46M	249.41M	216.51M	126.83M	27.08M	-51.84M	-22.91M	-93.11M	-102.42M	-180.6M
Treasury Stock	0	0	0	-91K	-669K	-848K	-1.12M	-1.85M	-4.22M	-8.11M
Accumulated OCI	-6.09M	-11.34M	-12.49M	-16.79M	1.55M	2.79M	8.05M	6.85M	7.58M	7.14M
Minority Interest	7.95M	5.54M	14.97M	29.4M	21.43M	319K	320K	321K	321K	321K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	20.2M	-29.19M	34.74M	-53.02M	15.44M	-21.51M	18.24M	-14.62M	8.95M	-10.26M
Operating CF Margin %	0.05%	-0.14%	0.28%	-0.3%	0.09%	-0.15%	0.11%	-0.07%	0.03%	-0.04%
Operating CF Growth %	-0.71%	-2.44%	2.19%	-2.53%	1.29%	-2.39%	1.85%	-1.8%	1.61%	-2.15%
Net Income	-26.85M	-133.15M	-38.54M	-82.05M	-85.11M	-79.28M	10.21M	-71.65M	-9.31M	-78.12M
Depreciation & Amortization	61.73M	58.07M	62.78M	72.25M	57.17M	57.17M	57.4M	55.96M	53.82M	51.63M
Stock-Based Compensation	0	0	1.41M	4.39M	0	0	0	0	6M	0
Deferred Taxes	-16.49M	-48.05M	-61.01M	-22.74M	-12.89M	2.26M	4.86M	97K	-5.06M	-13.68M
Other Non-Cash Items	-37.69M	-13.15M	41.39M	11.78M	44.58M	40.33M	-80.24M	-8.43M	-8.38M	33.09M
Working Capital Changes	19.44M	-19.43M	28.71M	-36.65M	11.69M	-41.98M	26.02M	9.41M	-28.11M	-3.17M
Change in Receivables	39.87M	5.64M	28.94M	-18.98M	10.18M	-30.16M	22.44M	-652K	-17.21M	-4.6M
Change in Inventory	0	-187.63M	-71.84M	-94.24M	0	0	0	0	0	0
Change in Payables	0	-6.99M	-6.46M	-18.85M	957K	-18.34M	471K	7.5M	0	2.75M
Cash from Investing+	-88.2M	-15.67M	-32.26M	-31.15M	12.25M	-4.5M	62.36M	57.8M	49.13M	17.56M
Capital Expenditures	-87.77M	-100.88M	-69.02M	-51.98M	-44.77M	-20.81M	-7M	-462K	-10.6M	-7.29M
CapEx % of Revenue	0.24%	0.47%	0.56%	0.29%	0.26%	0.15%	0.04%	0%	0.04%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	32.32M	60.53M	35.3M	56.54M	-15.39M	-2.86M	3.35M	-14.47M	59.73M	0
Cash from Financing+	115.1M	15.59M	-11.73M	69.25M	-22.55M	-21.66M	-78.9M	-41.35M	-16.99M	-15.29M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-1.84M	0	-2.66M	-1.72M	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-51.75M	-205K	-3.69M	16.36M	0	941K	-785K	-3.35M	-4.19M	-7.6M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-67.56M	-130.07M	-34.28M	-105M	-29.34M	-42.31M	11.24M	-15.08M	-1.66M	-17.56M
FCF Margin %	-0.18%	-0.6%	-0.28%	-0.59%	-0.17%	-0.3%	0.07%	-0.07%	-0.01%	-0.06%
FCF Growth %	-3.63%	-0.93%	0.74%	-2.06%	0.72%	-0.44%	1.27%	-2.34%	0.89%	-9.6%
FCF per Share	-3.82	-7.35	-1.95	-5.02	-1.25	-1.71	0.44	-0.57	-0.06	-0.63
FCF Conversion (FCF/Net Income)	-0.74x	0.22x	-1.06x	0.68x	-0.17x	0.27x	0.55x	0.20x	-0.96x	0.13x
Interest Paid	0	0	0	0	0	0	0	0	31.45M	0
Taxes Paid	0	0	0	0	0	0	0	0	2.96M	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-3.89%	-21.3%	-6.13%	-14.4%	-17.96%	-17.92%	7.81%	-17.36%	-2.47%	-23.22%
Return on Invested Capital (ROIC)	-4.1%	-18.43%	-13.9%	-6.45%	-4.91%	-6.53%	-3.42%	-5.57%	4.09%	-1.29%
Gross Margin	8.45%	-4.34%	-45.5%	-8.27%	-4.63%	-9.87%	-11.67%	-6.67%	22.64%	7.67%
Net Margin	-7.39%	-61.24%	-26.66%	-43.32%	-53.22%	-55.64%	19.38%	-32.97%	-3.33%	-28.79%
Debt / Equity	0.31x	0.43x	0.60x	0.73x	0.83x	1.21x	0.83x	0.89x	0.86x	1.17x
Interest Coverage	-9.46x	-17.47x	-8.08x	-2.56x	-1.88x	-2.33x	-1.32x	-1.82x	0.95x	-0.26x
FCF Conversion	-0.74x	0.22x	-1.06x	0.68x	-0.17x	0.27x	0.55x	0.20x	-0.96x	0.13x
Revenue Growth	-30.39%	-41.54%	-42.76%	45.16%	-2.63%	-18.7%	20.52%	27.13%	28.61%	-2.92%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Time Charter	-	-	-	-	-	-	251.38M	254.32M
Time Charter Growth	-	-	-	-	-	-	-	1.17%

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
Africa And Europe	-	-	-	-	42.93M	59.9M	90.31M	104.68M
Africa And Europe Growth	-	-	-	-	-	39.52%	50.78%	15.91%
Middle East And Asia	-	-	55.98M	54.21M	53.67M	52.84M	70.75M	72.33M
Middle East And Asia Growth	-	-	-	-3.17%	-0.99%	-1.55%	33.89%	2.22%
Latin America	-	-	16.42M	24.89M	53.7M	43.79M	58.92M	58.55M
Latin America Growth	-	-	-	51.59%	115.73%	-18.46%	34.56%	-0.62%
UNITED STATES	-	38.8M	44.32M	15.21M	20.64M	60.8M	59.53M	35.8M
UNITED STATES Growth	-	-	14.23%	-65.70%	35.76%	194.53%	-2.09%	-39.86%
Africa	-	43.85M	45.62M	35.41M	-	-	-	-
Africa Growth	-	-	4.05%	-22.38%	-	-	-	-
Europe	-	72.19M	39.15M	12.12M	-	-	-	-
Europe Growth	-	-	-45.77%	-69.04%	-	-	-	-
Middle East and Asia	-	50.07M	-	-	-	-	-	-
Middle East and Asia Growth	-	-	-	-	-	-	-	-
Brazil, Mexico, Central and South America	-	17.34M	-	-	-	-	-	-
Brazil, Mexico, Central and South America Growth	-	-	-	-	-	-	-	-
Non-US	26.8M	-	-	-	-	-	-	-
Non-US Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

SEACOR Marine Holdings Inc. (SMHI) reported $245.3M in revenue for fiscal year 2024. This represents a 54% decrease from $529.9M in 2014.

SEACOR Marine Holdings Inc. (SMHI) saw revenue decline by 2.9% over the past year.

SEACOR Marine Holdings Inc. (SMHI) reported a net loss of $39.4M for fiscal year 2024.

Dividend & Returns

SEACOR Marine Holdings Inc. (SMHI) has a return on equity (ROE) of -23.2%. Negative ROE indicates the company is unprofitable.

SEACOR Marine Holdings Inc. (SMHI) had negative free cash flow of $59.0M in fiscal year 2024, likely due to heavy capital investments.