Latest Ratios: P/E Ratio -7.0x · EV/EBITDA 7.7x · ROE -9.9%. (2014–2025 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 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $199M | $158M | $181M | $341M | $244M | $87M | $67M | $324M | $246M | $206M | — |
| Enterprise Value | $466M | $425M | $470M | $595M | $540M | $420M | $516M | $641M | $556M | $411M | — |
| P/E Ratio → | -6.95 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.88 | 0.69 | 0.67 | 1.22 | 1.12 | 0.51 | 0.47 | 1.86 | 1.37 | 1.67 | — |
| P/B Ratio | 0.73 | 0.60 | 0.61 | 0.91 | 0.64 | 0.19 | 0.17 | 0.68 | 0.44 | 0.39 | — |
| P/FCF | — | — | — | — | — | 7.71 | — | — | — | — | — |
| P/OCF | — | — | — | 38.11 | — | 4.75 | — | 21.00 | — | 5.93 | — |
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 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.86 | 1.73 | 2.13 | 2.48 | 2.46 | 3.63 | 3.67 | 3.10 | 3.33 | — |
| EV / EBITDA | 7.67 | 6.99 | 11.42 | 6.66 | 275.75 | 20.76 | — | 225.70 | — | — | — |
| EV / EBIT | 33.99 | 25.00 | — | 17.78 | — | 12.10 | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | 37.40 | — | — | — | — | — |
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 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.2% | 20.2% | 7.7% | 22.6% | -6.7% | -11.7% | -9.9% | -4.6% | -8.3% | -45.5% | -4.3% |
| Operating Margin | 6.0% | 6.0% | -3.8% | 12.7% | -24.8% | -21.7% | -50.5% | -31.1% | -38.2% | -105.0% | -81.1% |
| Net Profit Margin | -12.2% | -12.2% | -28.8% | -3.3% | -33.0% | 19.4% | -55.6% | -53.2% | -43.3% | -26.7% | -61.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -9.9% | -9.9% | -23.2% | -2.5% | -17.4% | 7.8% | -17.9% | -18.0% | -14.4% | -6.1% | -21.3% |
| ROA | -4.0% | -4.0% | -10.4% | -1.2% | -8.3% | 3.4% | -7.7% | -8.8% | -7.4% | -3.3% | -11.8% |
| ROIC | 1.8% | 1.8% | -1.3% | 4.1% | -5.6% | -3.4% | -6.5% | -4.9% | -6.4% | -13.9% | -18.4% |
| ROCE | 2.2% | 2.2% | -1.6% | 5.1% | -7.1% | -4.3% | -7.9% | -5.7% | -7.1% | -14.1% | -17.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.27 | 1.27 | 1.17 | 0.86 | 0.89 | 0.83 | 1.21 | 0.83 | 0.73 | 0.60 | 0.43 |
| Debt / EBITDA | 5.52 | 5.52 | 8.46 | 3.59 | 171.59 | 18.34 | — | 140.12 | — | — | — |
| Net Debt / Equity | — | 1.01 | 0.97 | 0.68 | 0.78 | 0.75 | 1.12 | 0.66 | 0.56 | 0.39 | 0.22 |
| Net Debt / EBITDA | 4.39 | 4.39 | 7.01 | 2.84 | 151.18 | 16.48 | — | 111.45 | — | — | — |
| Debt / FCF | — | — | — | — | — | 29.69 | — | — | — | — | — |
| Interest Coverage | 0.47 | 0.47 | -1.04 | 0.89 | -1.36 | 1.24 | -2.20 | -1.92 | -2.46 | -6.34 | -18.02 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.54 | 2.54 | 2.04 | 2.14 | 1.09 | 1.28 | 1.36 | 1.62 | 2.14 | 1.79 | 3.09 |
| Quick Ratio | 2.51 | 2.51 | 2.01 | 2.12 | 1.07 | 1.27 | 1.35 | 1.61 | 2.10 | 1.75 | 3.06 |
| Cash Ratio | 0.97 | 0.97 | 0.70 | 0.88 | 0.33 | 0.44 | 0.27 | 0.68 | 1.14 | 1.11 | 1.94 |
| Asset Turnover | — | 0.34 | 0.37 | 0.36 | 0.27 | 0.19 | 0.14 | 0.17 | 0.16 | 0.12 | 0.21 |
| Inventory Turnover | 82.77 | 82.77 | 90.78 | 134.38 | 109.19 | 205.70 | 270.55 | 148.64 | 56.34 | 47.81 | 73.58 |
| Days Sales Outstanding | — | — | 106.80 | 98.93 | 129.90 | 134.31 | 228.10 | 128.23 | 135.15 | 171.40 | 144.30 |
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 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.5% | 1.8% | — | — | — | — | — | — | 0.7% | 1.3% | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | 13.0% | — | — | — | — | — |
| Buyback Yield | 6.9% | 8.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 8.4% | 10.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.7% | 1.3% | — |
| Shares Outstanding | — | $26M | $28M | $27M | $27M | $25M | $25M | $24M | $21M | $18M | $18M |
Persistent negative operating margins
As reported in recent financial statements, SMHI trades at a P/S ratio of 0.90 and an EV/EBITDA of 7.75, suggesting that the market is pricing the company based on asset liquidation value rather than future earnings growth potential given the persistent lack of a positive P/E ratio.
The absence of a forward P/E ratio indicates that the market remains skeptical of the company's ability to reach sustained profitability in the near term. Investors should monitor whether the current EV/EBITDA multiple of 7.75 represents a floor or if further downward revisions are warranted as the company continues to struggle with negative net margins.
Based on the company's reported figures, ROIC has fluctuated into negative territory, reaching -1.9% in 2026Q1, which highlights a fundamental inability to generate returns on invested capital that exceed the cost of maintaining a specialized, high-tech fleet in a volatile offshore environment.
The decay in ROIC suggests that the capital allocated toward fleet modernization and hybrid-battery technology has not yet achieved the necessary utilization levels to drive value creation. This trend warrants further investigation into whether the current asset base is over-capitalized relative to the prevailing day rates in the offshore sector.
According to quarterly filings, the company's asset turnover ratio has remained stagnant at approximately 0.07 to 0.10, suggesting that the firm is failing to extract sufficient revenue from its existing asset base compared to historical performance and broader industry benchmarks.
The low asset turnover ratio implies that a significant portion of the fleet may be underutilized or stacked, which directly impacts the company's ability to cover its high fixed-cost structure. Investors should monitor the cash conversion cycle for signs of improvement, as current metrics suggest a lack of leverage over both customers and suppliers.
As indicated by recent financial data, the debt-to-equity ratio has climbed to 1.32 in 2026Q1, which, when combined with a negative interest coverage ratio of -0.66, suggests that the company's ability to service its debt obligations is becoming increasingly precarious as equity is eroded by losses.
While the absolute debt load may appear manageable, the deteriorating interest coverage ratio indicates that the company is struggling to generate sufficient operating income to meet its financial commitments. This trend suggests that the balance sheet is becoming more vulnerable to interest rate volatility and potential refinancing risks.
The P/B ratio of 0.75 is frequently misapplied as a proxy for value in this business model, as it obscures the reality that the book value of specialized marine assets may be significantly overstated if market day rates do not support the carrying value of the fleet.
Investors should instead focus on the company's ability to generate positive free cash flow, as the P/B ratio fails to account for the high maintenance capex required to keep the fleet operational. Relying on book value in a capital-intensive, cyclical industry often leads to a false sense of security regarding the company's underlying asset quality.
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Quick answers to the most common questions about buying SMHI stock.
SEACOR Marine Holdings Inc.'s current P/E ratio is -7.0x. This places it at the 50th percentile of its historical range.
SEACOR Marine Holdings Inc.'s current EV/EBITDA is 7.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.5x.
SEACOR Marine Holdings Inc.'s return on equity (ROE) is -9.9%. The historical average is -10.0%.
Based on historical data, SEACOR Marine Holdings Inc. is trading at a P/E of -7.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
SEACOR Marine Holdings Inc.'s current dividend yield is 1.51%.
SEACOR Marine Holdings Inc. has 20.2% gross margin and 6.0% operating margin.
SEACOR Marine Holdings Inc.'s Debt/EBITDA ratio is 5.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.