Seacor Marine (SMHI)
Market Price (1/15/2026): $6.38 | Market Cap: $163.7 MilSector: Industrials | Industry: Marine Transportation
Seacor Marine (SMHI)
Market Price (1/15/2026): $6.38Market Cap: $163.7 MilSector: IndustrialsIndustry: Marine Transportation
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Megatrend and thematic driversMegatrends include US Energy Independence, and Offshore Wind Development. Themes include US Oilfield Technologies, Offshore Wind Project Development, Show more. | Weak multi-year price returns2Y Excs Rtn is -88%, 3Y Excs Rtn is -111% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -37 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -15% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 158% | ||
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 108x | ||
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11%, Rev Chg QQuarterly Revenue Change % is -14% | ||
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -6.4%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -24% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -29% | ||
| Key risksSMHI key risks include [1] a persistent lack of profitability and poor underlying financial health, Show more. |
| Megatrend and thematic driversMegatrends include US Energy Independence, and Offshore Wind Development. Themes include US Oilfield Technologies, Offshore Wind Project Development, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -88%, 3Y Excs Rtn is -111% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -37 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -15% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 158% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 108x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11%, Rev Chg QQuarterly Revenue Change % is -14% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -6.4%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -24% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -29% |
| Key risksSMHI key risks include [1] a persistent lack of profitability and poor underlying financial health, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
1. Q3 2025 Earnings Surpassed Analyst Expectations
SEACOR Marine Holdings Inc. announced its Third Quarter 2025 results on October 29, 2025, reporting a GAAP earnings per share (EPS) of $0.35, significantly beating analyst consensus estimates by $0.94. However, the company's revenue of $59.1 million missed expectations by $6.79 million. This positive EPS surprise, largely attributed to one-time gains from asset sales, likely contributed to maintaining investor confidence.
2. Strategic Divestiture of Liftboats
The company's announcement in August 2025 of definitive agreements to sell two liftboats for total gross proceeds of $76 million in cash was a key strategic move. This transaction, expected to close in the third quarter of 2025, resulted in an estimated gain of $30.5 million and represented a strategic shift away from high-volatility markets. The proceeds were unencumbered and provided significant liquidity, allowing the company to redeploy capital into more attractive assets.
3. Debt Refinancing and Investment in New PSVs
SEACOR Marine completed a comprehensive debt refinancing in December 2024, securing a new senior secured term loan of up to $391 million. This move consolidated the company's debt structure and provided financing for new shipbuilding contracts. Concurrently, the company entered agreements to build two new platform supply vessels (PSVs) for $41 million each, partly funded by the sale of its last two anchor handling towing supply (AHTS) vessels for $22.5 million, marking an exit from the AHTS asset class by January 2025. This strategic fleet modernization and improved financial structure were positive indicators for investors.
4. Mixed Operating Performance and Challenging Market Conditions
Despite the positive EPS beat, SEACOR Marine's underlying third-quarter operating results for 2025, discussed in a November 13, 2025 report, showed continued pressure on margins and profitability. This was primarily due to weak fleet utilization and slightly lower average day rates. The near-term outlook remained challenging, particularly in the North Sea and Mexican markets, which experienced project delays and subdued demand for oil and gas services. This mixed operational performance acted as a tempering factor on stock appreciation.
5. New Multi-Year Contracts in High-Margin Regions
A notable positive development within the period was the securing of multi-year contract awards for two of SEACOR Marine's large hybrid-powered PSVs offshore Brazil. These contracts were scheduled to commence in the first quarter of 2026. Brazil is considered a high-margin region, and these contracts are expected to lead to an increase in average day rates and direct vessel profit in the coming year, partially offsetting weaknesses in other markets. Show more
SEACOR Marine Holdings Inc. announced its Third Quarter 2025 results on October 29, 2025, reporting a GAAP earnings per share (EPS) of $0.35, significantly beating analyst consensus estimates by $0.94. However, the company's revenue of $59.1 million missed expectations by $6.79 million. This positive EPS surprise, largely attributed to one-time gains from asset sales, likely contributed to maintaining investor confidence.
2. Strategic Divestiture of Liftboats
The company's announcement in August 2025 of definitive agreements to sell two liftboats for total gross proceeds of $76 million in cash was a key strategic move. This transaction, expected to close in the third quarter of 2025, resulted in an estimated gain of $30.5 million and represented a strategic shift away from high-volatility markets. The proceeds were unencumbered and provided significant liquidity, allowing the company to redeploy capital into more attractive assets.
3. Debt Refinancing and Investment in New PSVs
SEACOR Marine completed a comprehensive debt refinancing in December 2024, securing a new senior secured term loan of up to $391 million. This move consolidated the company's debt structure and provided financing for new shipbuilding contracts. Concurrently, the company entered agreements to build two new platform supply vessels (PSVs) for $41 million each, partly funded by the sale of its last two anchor handling towing supply (AHTS) vessels for $22.5 million, marking an exit from the AHTS asset class by January 2025. This strategic fleet modernization and improved financial structure were positive indicators for investors.
4. Mixed Operating Performance and Challenging Market Conditions
Despite the positive EPS beat, SEACOR Marine's underlying third-quarter operating results for 2025, discussed in a November 13, 2025 report, showed continued pressure on margins and profitability. This was primarily due to weak fleet utilization and slightly lower average day rates. The near-term outlook remained challenging, particularly in the North Sea and Mexican markets, which experienced project delays and subdued demand for oil and gas services. This mixed operational performance acted as a tempering factor on stock appreciation.
5. New Multi-Year Contracts in High-Margin Regions
A notable positive development within the period was the securing of multi-year contract awards for two of SEACOR Marine's large hybrid-powered PSVs offshore Brazil. These contracts were scheduled to commence in the first quarter of 2026. Brazil is considered a high-margin region, and these contracts are expected to lead to an increase in average day rates and direct vessel profit in the coming year, partially offsetting weaknesses in other markets. Show more
Stock Movement Drivers
Fundamental Drivers
The 0.3% change in SMHI stock from 10/31/2025 to 1/14/2026 was primarily driven by a 0.3% change in the company's P/S Multiple.| 10312025 | 1142026 | Change | |
|---|---|---|---|
| Stock Price ($) | 6.36 | 6.38 | 0.31% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 245.31 | 245.31 | 0.00% |
| P/S Multiple | 0.67 | 0.67 | 0.31% |
| Shares Outstanding (Mil) | 25.66 | 25.66 | 0.00% |
| Cumulative Contribution | 0.31% |
Market Drivers
10/31/2025 to 1/14/2026| Return | Correlation | |
|---|---|---|
| SMHI | 0.3% | |
| Market (SPY) | 1.2% | 21.1% |
| Sector (XLI) | 5.9% | 12.8% |
Fundamental Drivers
The 27.6% change in SMHI stock from 7/31/2025 to 1/14/2026 was primarily driven by a 32.5% change in the company's P/S Multiple.| 7312025 | 1142026 | Change | |
|---|---|---|---|
| Stock Price ($) | 5.00 | 6.38 | 27.60% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 255.03 | 245.31 | -3.81% |
| P/S Multiple | 0.50 | 0.67 | 32.51% |
| Shares Outstanding (Mil) | 25.69 | 25.66 | 0.11% |
| Cumulative Contribution | 27.60% |
Market Drivers
7/31/2025 to 1/14/2026| Return | Correlation | |
|---|---|---|
| SMHI | 27.6% | |
| Market (SPY) | 9.5% | 11.7% |
| Sector (XLI) | 8.5% | 10.9% |
Fundamental Drivers
The -5.9% change in SMHI stock from 1/31/2025 to 1/14/2026 was primarily driven by a -10.7% change in the company's Total Revenues ($ Mil).| 1312025 | 1142026 | Change | |
|---|---|---|---|
| Stock Price ($) | 6.78 | 6.38 | -5.90% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 274.64 | 245.31 | -10.68% |
| P/S Multiple | 0.69 | 0.67 | -2.67% |
| Shares Outstanding (Mil) | 27.77 | 25.66 | 7.62% |
| Cumulative Contribution | -6.45% |
Market Drivers
1/31/2025 to 1/14/2026| Return | Correlation | |
|---|---|---|
| SMHI | -5.9% | |
| Market (SPY) | 15.7% | 39.3% |
| Sector (XLI) | 20.0% | 37.9% |
Fundamental Drivers
The -37.7% change in SMHI stock from 1/31/2023 to 1/14/2026 was primarily driven by a -49.4% change in the company's P/S Multiple.| 1312023 | 1142026 | Change | |
|---|---|---|---|
| Stock Price ($) | 10.24 | 6.38 | -37.70% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 207.37 | 245.31 | 18.30% |
| P/S Multiple | 1.32 | 0.67 | -49.44% |
| Shares Outstanding (Mil) | 26.73 | 25.66 | 4.00% |
| Cumulative Contribution | -37.80% |
Market Drivers
1/31/2023 to 1/14/2026| Return | Correlation | |
|---|---|---|
| SMHI | -37.7% | |
| Market (SPY) | 76.2% | 35.6% |
| Sector (XLI) | 68.3% | 38.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SMHI Return | 25% | 169% | 37% | -48% | -8% | 3% | 130% |
| Peers Return | -13% | 162% | 67% | 4% | 5% | 13% | 370% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 2% | 85% |
Monthly Win Rates [3] | |||||||
| SMHI Win Rate | 42% | 67% | 58% | 42% | 42% | 100% | |
| Peers Win Rate | 53% | 69% | 64% | 44% | 56% | 100% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| SMHI Max Drawdown | -0% | 0% | -21% | -53% | -40% | -1% | |
| Peers Max Drawdown | -23% | -8% | -9% | -19% | -33% | 0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | 0% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TDW, HLX, FTI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/14/2026 (YTD)
How Low Can It Go
| Event | SMHI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -48.1% | -25.4% |
| % Gain to Breakeven | 92.6% | 34.1% |
| Time to Breakeven | 167 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -89.3% | -33.9% |
| % Gain to Breakeven | 832.2% | 51.3% |
| Time to Breakeven | 1,209 days | 148 days |
| 2018 Correction | ||
| % Loss | -56.3% | -19.8% |
| % Gain to Breakeven | 129.0% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
Compare to TDW, HLX, FTI
In The Past
Seacor Marine's stock fell -48.1% during the 2022 Inflation Shock from a high on 6/2/2022. A -48.1% loss requires a 92.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
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.
AI Analysis | Feedback
Here are 1-3 brief analogies to describe Seacor Marine (SMHI):
- United Rentals for the offshore energy industry.
- The FedEx or UPS for offshore oil rigs and wind farms.
AI Analysis | Feedback
- Offshore Support Vessel Services: Provides a diverse fleet of specialized vessels to support offshore oil and gas exploration, development, and production activities.
- Crew Transfer Services: Transports personnel and essential supplies to and from offshore platforms and other marine installations.
- Platform Supply Services: Delivers equipment, materials, and other necessities to offshore drilling rigs and production platforms.
- Anchor Handling and Towing Services: Assists in the towing, anchoring, and positioning of mobile offshore drilling units and other floating structures.
AI Analysis | Feedback
Seacor Marine (SMHI) sells primarily to other companies, providing offshore support vessels (OSVs) and services to support offshore energy exploration, development, production, and increasingly, offshore wind farm construction and maintenance. Due to the nature of their business and customer confidentiality, Seacor Marine typically does not publicly disclose a definitive list of its "major customers" by name unless a single customer represents a significant portion of their revenue (e.g., over 10%), which is rare given their diverse client base across multiple regions and projects.
However, based on their business description and industry standard practices, their major customers fall into the following categories:
-
International and National Oil and Gas Companies (IOCs and NOCs): These companies utilize SMHI's vessels for various phases of offshore operations, including exploration, drilling, production, and decommissioning support.
- Examples of companies that would typically be customers or potential customers in this category:
- ExxonMobil (XOM)
- Chevron (CVX)
- Shell plc (SHEL)
- BP p.l.c. (BP)
- TotalEnergies SE (TTE)
- Equinor ASA (EQNR)
- Petrobras (PBR)
-
Offshore Drilling Contractors: Companies that operate offshore drilling rigs and platforms often charter OSVs from SMHI for crew changes, supply runs, and anchor handling services.
- Examples of companies that would typically be customers or potential customers in this category:
- Transocean Ltd. (RIG)
- Valaris Limited (VAL)
- Noble Corporation plc (NE)
- Diamond Offshore Drilling, Inc. (DO)
-
Offshore Construction, Installation, and Windfarm Developers: These companies hire SMHI's specialized vessels for supporting the construction, installation, and maintenance of offshore infrastructure, including pipelines, platforms, subsea systems, and offshore wind turbines.
- Examples of companies that would typically be customers or potential customers in this category:
- Subsea 7 S.A. (SUBC.OL - listed on Oslo Børs)
- TechnipFMC plc (FTI)
- Ørsted A/S (ORSTED.CO - listed on Nasdaq Copenhagen)
- RWE AG (RWE.DE - listed on XETRA)
AI Analysis | Feedback
- Fincantieri (BIT: FCT)
- Rolls-Royce (LSE: RR.)
- Caterpillar (NYSE: CAT)
- Wärtsilä (HEL: WRT1V)
- Kongsberg Gruppen (OSE: KOG)
AI Analysis | Feedback
John Gellert, President & Chief Executive Officer
Mr. Gellert has served as President, Chief Executive Officer, and a director of SEACOR Marine since June 1, 2017. Previously, he was Co-Chief Operating Officer of SEACOR Holdings Inc. from February 2015 and President of SEACOR Holdings Inc.'s Offshore Marine Services segment from July 2005. He joined SEACOR Holdings Inc. in June 1992, where he held various financial, analytical, chartering, and marketing roles. As President and CEO of SEACOR Marine, he oversaw the sale of the company's North Sea standby vessel business. Mr. Gellert graduated from Harvard College and serves as a member of the executive council at Cohesive Capital Management, L.P.
Jesús Llorca, Executive Vice President & Chief Financial Officer
Mr. Llorca has been Executive Vice President and Chief Financial Officer of SEACOR Marine since April 2, 2018. His prior roles include Executive Vice President of Corporate Development for SEACOR Marine since June 1, 2017, and Vice President of SEACOR Holdings Inc. since 2007. From 2004 to 2007, he worked in the corporate group of SEACOR Holdings Inc. Before joining SEACOR, Mr. Llorca held various international operational and management positions at Nabors Drilling from 2000 to 2004. He holds degrees in business and law from ICADE.
Gregory Rossmiller, Senior Vice President & Chief Accounting Officer
Mr. Rossmiller has served as Senior Vice President and Chief Accounting Officer since April 17, 2018.
Andrew H. Everett, Senior Vice President, General Counsel and Secretary
Mr. Everett has been Senior Vice President, General Counsel and Secretary since January 22, 2018. Prior to his appointment, he was an associate in the Global Corporate Group of Milbank LLP from 2008 to 2018. He received his J.D. from Boston College Law School and a B.S. from Bentley University.
Andrew R. Morse, Non-Executive Chairman of the Board
Mr. Morse serves as the Non-Executive Chairman of the Board for SEACOR Marine.
AI Analysis | Feedback
Key Risks to SEACOR Marine (SMHI)
The following are key risks to SEACOR Marine's business:
- Persistent Lack of Profitability and Financial Health: SEACOR Marine has consistently faced challenges with profitability, reporting negative return on equity and net margins, and increasing losses over the past five years. Although the company achieved a positive net income in Q3 2025, this was primarily driven by significant one-time gains from asset sales, with the underlying operating profit margin remaining low or negative. This ongoing unprofitability renders the company vulnerable to market fluctuations and raises concerns about its overall financial stability.
- Market Volatility and Subdued Offshore Activity: SEACOR Marine operates in a highly volatile offshore energy market, making it susceptible to fluctuating oil and gas prices and geopolitical instability. The company has experienced "prolonged periods of softer demand due to deferrals and cancellations" in crucial sectors like offshore wind and decommissioning. Furthermore, "subdued offshore drilling activity is likely to persist in the near- to medium-term," which directly impacts fleet utilization and day rates, especially in regions such as the North Sea.
- High Debt Load and Liquidity Concerns: SEACOR Marine carries a substantial debt load, with its debt-to-equity ratio being a metric to monitor closely. While strategic asset sales have been undertaken to improve liquidity and fund new vessel construction, the company's financial position has historically presented challenges in covering its debt obligations.
AI Analysis | Feedback
The clear emerging threat for Seacor Marine (SMHI) is the increasing adoption and technological advancement of **Autonomous and Unmanned Surface/Underwater Vessels (AUVs/USVs)** for offshore inspection, survey, and monitoring tasks. These uncrewed technologies offer a more cost-effective, safer, and often more environmentally friendly alternative for data acquisition, seabed mapping, asset integrity inspection, and environmental monitoring compared to traditional manned support vessels. Companies specializing in autonomous marine solutions are scaling their fleets and capabilities, directly eroding the market for certain services historically provided by manned offshore support vessels.
AI Analysis | Feedback
Seacor Marine (SMHI) operates in several addressable markets related to offshore energy and marine transportation services.
- Offshore Support Vessel (OSV) Market: The global offshore support vessel market was valued at approximately USD 18.57 billion in 2024, with projections to grow to USD 29.27 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 5.71% during the forecast period. The U.S. offshore support vessel market is also predicted to grow significantly, reaching an estimated value of USD 4.51 billion by 2032. Other estimates for the global market in 2024 range from USD 21.63 billion to USD 24.3 billion.
- Offshore Wind Energy Market: The global offshore wind energy market size was valued at USD 55.9 billion in 2024 and is anticipated to reach USD 298.8 billion by 2034, growing at a CAGR of 14.6% from 2025 to 2034. The U.S. offshore wind energy market reached USD 7.2 billion in 2024.
- Offshore Decommissioning Market: The global offshore decommissioning market was valued at approximately USD 6.1 billion in 2024 and is projected to expand to USD 13.6 billion by 2035, with a CAGR of 7.10% during the forecast period. North America is identified as the dominant region in this market.
- Tugboat Services Market (Harbor Tugboats): The global harbor tugboats market is projected to grow from USD 4.125 billion in 2024 to USD 5.9565 billion by 2032, registering a CAGR of 4.7%. Asia Pacific holds the largest share in the harbor tugboats market, followed by North America and Europe.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for Seacor Marine (SMHI) over the next 2-3 years:
- Increasing Day Rates: SEACOR Marine has demonstrated an ability to increase its average day rates, with a 4.8% increase in Q4 2024 compared to Q4 2023 and a 3.2% increase in Q3 2025 compared to Q3 2024. This trend of improved pricing power for their offshore support vessels is expected to continue.
- Improved Fleet Utilization: The company is focused on maximizing fleet utilization, which has shown improvements in certain periods, such as 72% in Q4 2024, up from 67% in Q3 2024. Higher utilization rates directly translate to increased revenue generation from their existing fleet.
- Fleet Modernization and Expansion: SEACOR Marine is investing in its fleet by funding the construction of new, modern, and fuel-efficient platform supply vessels (PSVs). These new vessels are scheduled for delivery in Q4 2026 and Q1 2027 and are expected to meet current and future demand, contributing to revenue growth.
- Strategic Market Focus and Long-Term Contracts: The company has secured multi-year PSV contracts in Brazil, set to commence in Q1 2026, and is strategically reallocating its fleet away from more volatile markets. This focus on securing stable, long-term contracts in key regions is anticipated to drive consistent revenue.
- Growth in Offshore Wind Farm Support: SEACOR Marine provides marine support services to offshore energy facilities globally, including offshore wind farms. As the offshore wind industry expands, the demand for specialized support vessels is expected to increase, presenting a growth opportunity for the company.
AI Analysis | Feedback
Share Repurchases
- In April 2025, SEACOR Marine repurchased 1,355,761 common shares at $4.90 per share and warrants for 1,280,195 shares at $4.89 per warrant from Carlyle-affiliated funds for a total of approximately $12.9 million.
- This transaction represented about 9.1% of SMHI's outstanding common stock and simplified the company's capital structure by eliminating all outstanding warrants.
- The repurchase was funded by proceeds from the sale of a 201-foot, DP-2 platform supply vessel.
Inbound Investments
- First Eagle Investment Management LLC increased its stake in SEACOR Marine by 4.8% in the second quarter of 2025, acquiring an additional 52,000 shares to own a total of 1,137,894 shares, valued at $5,803,000.
- As of November 2025, institutional investors and hedge funds collectively owned approximately 59.05% of SEACOR Marine's stock.
- Nuveen LLC also purchased a new stake in the company during the first quarter of 2025, valued at approximately $444,000.
Capital Expenditures
- SEACOR Marine's capital expenditures were $7.29 million in 2025, $0.46 million in 2024, and $10.60 million in 2023.
- The company has focused on fleet modernization and environmental upgrades, including updating four platform supply vessels (PSVs) with hybrid propulsion by Q2 2025.
- Capital expenditures also support the installation of air quality technology, ultrasonic antifouling systems, and water purification systems across the fleet for ESG and energy transition goals.
Latest Trefis Analyses
| Title | Topic | |
|---|---|---|
| DASHBOARDS | ||
| Seacor Marine Earnings Notes | ||
| Can Seacor Marine Stock Recover If Markets Fall? | Return |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Seacor Marine
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 28.80 |
| Mkt Cap | 1.9 |
| Rev LTM | 1,337 |
| Op Inc LTM | 187 |
| FCF LTM | 185 |
| FCF 3Y Avg | 149 |
| CFO LTM | 210 |
| CFO 3Y Avg | 177 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.2% |
| Rev Chg 3Y Avg | 19.0% |
| Rev Chg Q | 5.2% |
| QoQ Delta Rev Chg LTM | 1.4% |
| Op Mgn LTM | 9.8% |
| Op Mgn 3Y Avg | 8.6% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 13.5% |
| CFO/Rev 3Y Avg | 11.8% |
| FCF/Rev LTM | 10.9% |
| FCF/Rev 3Y Avg | 9.2% |
Price Behavior
Price Behavior
| Market Price | $6.38 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 05/10/2011 | |
| Distance from 52W High | -16.6% | |
| 50 Days | 200 Days | |
| DMA Price | $6.79 | $5.92 |
| DMA Trend | up | up |
| Distance from DMA | -6.0% | 7.7% |
| 3M | 1YR | |
| Volatility | 54.1% | 66.3% |
| Downside Capture | 21.75 | 94.46 |
| Upside Capture | 60.30 | 70.14 |
| Correlation (SPY) | 10.6% | 39.8% |
SMHI Betas & Captures as of 12/31/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.23 | 1.17 | 1.12 | 0.89 | 1.33 | 1.32 |
| Up Beta | 1.09 | 1.17 | 1.22 | 1.70 | 1.43 | 1.28 |
| Down Beta | -0.55 | 0.58 | 1.66 | 1.94 | 2.00 | 2.04 |
| Up Capture | -209% | 109% | 54% | 38% | 57% | 54% |
| Bmk +ve Days | 11 | 23 | 37 | 72 | 143 | 431 |
| Stock +ve Days | 8 | 18 | 29 | 61 | 119 | 355 |
| Down Capture | 142% | 149% | 105% | -1% | 92% | 105% |
| Bmk -ve Days | 11 | 18 | 27 | 55 | 108 | 320 |
| Stock -ve Days | 14 | 23 | 35 | 64 | 128 | 384 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| SMHI vs. Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| SMHI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -5.2% | 26.4% | 20.0% | 71.6% | 5.6% | 10.4% | 1.0% |
| Annualized Volatility | 66.0% | 19.0% | 19.3% | 20.0% | 15.3% | 16.7% | 34.5% |
| Sharpe Ratio | 0.18 | 1.10 | 0.82 | 2.59 | 0.15 | 0.42 | 0.11 |
| Correlation With Other Assets | 37.0% | 39.7% | 10.0% | 41.9% | 27.8% | 28.8% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| SMHI vs. Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| SMHI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 14.4% | 14.6% | 14.6% | 18.8% | 11.6% | 5.8% | 21.0% |
| Annualized Volatility | 60.7% | 17.2% | 17.1% | 15.6% | 18.7% | 18.8% | 48.2% |
| Sharpe Ratio | 0.47 | 0.68 | 0.69 | 0.97 | 0.50 | 0.22 | 0.46 |
| Correlation With Other Assets | 33.1% | 29.0% | 13.2% | 33.9% | 21.2% | 15.3% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| SMHI vs. Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| SMHI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -12.7% | 14.2% | 15.1% | 15.1% | 7.6% | 5.4% | 71.7% |
| Annualized Volatility | 68.1% | 19.9% | 18.0% | 14.8% | 17.6% | 20.8% | 55.7% |
| Sharpe Ratio | 0.09 | 0.63 | 0.72 | 0.84 | 0.35 | 0.23 | 0.92 |
| Correlation With Other Assets | 38.8% | 33.1% | 7.1% | 30.3% | 26.8% | 9.8% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/29/2025 | 10-Q (09/30/2025) |
| 06/30/2025 | 07/30/2025 | 10-Q (06/30/2025) |
| 03/31/2025 | 04/30/2025 | 10-Q (03/31/2025) |
| 12/31/2024 | 02/26/2025 | 10-K (12/31/2024) |
| 09/30/2024 | 10/30/2024 | 10-Q (09/30/2024) |
| 06/30/2024 | 07/31/2024 | 10-Q (06/30/2024) |
| 03/31/2024 | 05/01/2024 | 10-Q (03/31/2024) |
| 12/31/2023 | 02/29/2024 | 10-K (12/31/2023) |
| 09/30/2023 | 11/01/2023 | 10-Q (09/30/2023) |
| 06/30/2023 | 08/02/2023 | 10-Q (06/30/2023) |
| 03/31/2023 | 05/03/2023 | 10-Q (03/31/2023) |
| 12/31/2022 | 03/06/2023 | 10-K (12/31/2022) |
| 09/30/2022 | 11/02/2022 | 10-Q (09/30/2022) |
| 06/30/2022 | 08/03/2022 | 10-Q (06/30/2022) |
| 03/31/2022 | 05/05/2022 | 10-Q (03/31/2022) |
| 12/31/2021 | 03/10/2022 | 10-K (12/31/2021) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.