SEACOR Marine Holdings

SMHI

Marine Shipping · Industrials

Price

$7.91

+0.07 (+0.89%)

Market Cap

$214.1M

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Share count rising — dilution

+2.9% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 25.5M (2021) → 26.2M (2025)

SEACOR Marine Holdings operates a fleet of support vessels that serve the offshore oil and gas industry. These ships transport crew members, equipment, and supplies to offshore drilling platforms and production facilities in the ocean. The company's main customers are oil and gas producers and drilling contractors working in waters around the world.

SEACOR Marine earns revenue by charging day rates — a daily fee — to customers who hire its vessels under short-term or long-term contracts. The company operates primarily in the Gulf of Mexico, West Africa, the Middle East, and Latin America, giving it a geographically diverse but cyclical business. With thin operating margins and a return on capital below 1%, the company's financial performance is closely tied to offshore drilling activity, which rises and falls with oil prices — making commodity price swings the central risk to its business.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-20.2% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-8.9% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

26.2%ownership

↑ Rising

Insiders increasing their stake — aligned with shareholders

Cash Runway

~5 months

$39M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

SEACOR Marine Holdings has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

-8.7%

Thin — -8.7% gross margin

Operating Margin

-31.2%

Losing money on operations — -31.2%

ROCE

-2.4%

Weak — -2.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

-18.0%

Shrinking sales (-18.0% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-34.2%

Burning cash (-34.2%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

1.33

Elevated debt (1.33)

Interest Cover

0.07x

Dangerous — barely covers interest (0.1x)

Interest coverage below 1. Their profits don't cover the interest bill.

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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