Latest Ratios: P/E Ratio -2.8x · EV/EBITDA N/A · ROE -156.0%. (2021–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Market Cap | $64M | $46M | — | — | — | — |
| Enterprise Value | $46M | $27M | — | — | — | — |
| P/E Ratio → | -2.79 | — | — | — | — | — |
| P/S Ratio | 1.15 | 0.82 | — | — | — | — |
| P/B Ratio | 5.92 | 4.26 | — | — | — | — |
| P/FCF | 6.56 | 4.65 | — | — | — | — |
| P/OCF | 5.22 | 3.70 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.48 | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — |
| EV / FCF | — | 2.75 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Gross Margin | 95.0% | 95.0% | 59.0% | 60.6% | 73.1% | 93.1% |
| Operating Margin | -15.6% | -15.6% | 14.1% | 40.0% | 56.3% | 13.5% |
| Net Profit Margin | -40.4% | -40.4% | 6.6% | 39.8% | 53.8% | 22.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | -156.0% | -156.0% | 11.1% | 102.4% | 126.0% | 27.3% |
| ROA | -41.3% | -41.3% | 4.5% | 35.5% | 44.6% | 11.1% |
| ROIC | — | — | 41.5% | 97.0% | 166.9% | — |
| ROCE | -20.3% | -20.3% | 20.1% | 67.1% | 83.6% | 15.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.28 | 0.86 | 1.02 | 0.07 |
| Debt / EBITDA | — | — | 1.22 | 0.71 | 1.32 | 0.35 |
| Net Debt / Equity | — | -1.74 | -0.82 | -0.30 | -0.13 | -1.94 |
| Net Debt / EBITDA | — | — | -3.60 | -0.25 | -0.17 | -9.18 |
| Debt / FCF | — | -1.90 | -2.30 | -0.41 | -0.20 | -1.34 |
| Interest Coverage | — | — | 2.00 | 15.24 | 22.53 | — |
Net cash position: cash ($19M) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 6.34 | 6.34 | 1.54 | 1.31 | 1.52 | 1.62 |
| Quick Ratio | 6.34 | 6.34 | 1.51 | 1.26 | 1.52 | 1.62 |
| Cash Ratio | 4.47 | 4.47 | 1.02 | 0.75 | 0.95 | 1.42 |
| Asset Turnover | — | 0.78 | 0.76 | 1.04 | 0.48 | 0.50 |
| Inventory Turnover | — | — | 19.37 | 16.09 | — | — |
| Days Sales Outstanding | — | — | 116.55 | 84.57 | 155.57 | 60.53 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Dividend Yield | 12.6% | 17.6% | — | — | — | — |
| Payout Ratio | — | — | — | 127.8% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — |
| FCF Yield | 15.2% | 21.5% | — | — | — | — |
| Buyback Yield | 1.5% | 2.1% | — | — | — | — |
| Total Shareholder Yield | 14.1% | 19.7% | — | — | — | — |
| Shares Outstanding | — | $58M | $57M | $57M | $57M | $57M |
Operating leverage and scalability
According to recent market data, HMR's P/S ratio of 1.29 and P/FCF of 7.35 suggest that investors are attempting to price the firm as a high-growth service platform, despite the lack of a positive P/E multiple and the inherent volatility of its performance-linked revenue model.
The current valuation appears to struggle with the firm's transition from a capital-intensive shipping entity to an asset-light manager. Investors should monitor whether the 11.3% dividend yield is sustainable given the negative net margins, as this may indicate a premature return of capital that could otherwise fund necessary operational scaling.
As reported in financial statements, HMR achieved a robust 95.8% gross margin in 2025Q4, confirming the firm's transition toward a high-margin, fee-based service model, though this efficiency is currently offset by substantial overhead costs that prevent the realization of meaningful bottom-line profitability for the company.
The wide gap between gross and operating margins suggests that the firm's administrative and software development costs are not yet scaling efficiently with the number of vessels under management. This warrants further investigation into whether the current negative operating margin is a temporary byproduct of public listing expenses or a structural issue with the firm's cost base.
Based on HMR's reported figures, the asset turnover ratio of 0.58 in 2025Q4 reflects the firm's shift to an asset-light model, yet the erratic nature of its cash conversion cycle suggests significant challenges in managing the timing of performance-based fee collections from diverse pool participants.
The high variability in DSO and DPO metrics across recent quarters indicates that the firm's working capital efficiency is highly sensitive to the payment cycles of its pool members. Investors should be cautious, as any deterioration in the credit quality of these shipowner clients could rapidly impact HMR's liquidity position.
Based on reported figures, HMR's current ratio improved to 6.34 in 2025Q4 from 2.41 in 2025Q2, providing a temporary liquidity buffer, though this metric appears inflated by the absence of significant short-term liabilities rather than a genuine accumulation of high-quality, liquid operating capital.
While the current ratio suggests a comfortable cushion, the lack of consistent operating cash flow means this liquidity is likely derived from financing activities or asset liquidations. The firm's ability to maintain this buffer under stress remains unproven, particularly if the current burn rate persists without a corresponding increase in fee-based revenue.
Data from recent filings suggests that the market's reliance on P/B ratios, currently at 6.63, is fundamentally misapplied to HMR, as the firm's transition to an asset-light model renders book value an obsolete metric for assessing the true earning power of its proprietary management platform.
Investors should instead focus on metrics like 'Revenue per Vessel Under Management' or 'Operating Margin per Pool' to gauge the firm's success. Using traditional shipping valuation multiples obscures the fact that HMR is a service-based technology play rather than a vessel-owning entity, leading to potential mispricing of its long-term growth potential.
Includes 30+ ratios · 5 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying HMR stock.
Heidmar Maritime Holdings Corp.'s current P/E ratio is -2.8x. This places it at the 50th percentile of its historical range.
Heidmar Maritime Holdings Corp.'s return on equity (ROE) is -156.0%. The historical average is 22.1%.
Based on historical data, Heidmar Maritime Holdings Corp. is trading at a P/E of -2.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Heidmar Maritime Holdings Corp.'s current dividend yield is 12.61%.
Heidmar Maritime Holdings Corp. has 95.0% gross margin and -15.6% operating margin.