SEACOR Marine Holdings
SMHI on NYSE. SEACOR Marine Holdings operates vessels that support oil and gas companies at sea. Market value $236m.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Industrials stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-35.83 of spare cash in the past 12 months. A savings account pays about $4.
You pay 21.9 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns -1 cents a year. Above 10 is good.
Quality score: 47 of 100. Price score: 15 of 100. Our list needs 70 on quality and 60 on price.
$8.38 a share, 51% above its 1-year low
Over the past year the price has ranged from $5.55 to $10.00.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $171m | $217m | $280m | $271m | $228m |
| Operating margin | |||||
| Operating margin | -21.7% | -24.8% | 12.7% | -3.8% | 6.0% |
| Debt to equity | |||||
| Debt to equity | 0.82 | 0.87 | 0.85 | 1.16 | 1.27 |
| Shares outstanding | |||||
| Shares outstanding | 0.03bn | 0.03bn | 0.03bn | 0.03bn | 0.03bn |
Health checks
- Free cash flow positive0 of 1 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)2 of 7 checks we could run
- Profit backed by cash (accruals)Yes
- Debt1.27× equity
- Revenue growth, five yearsSlow, 9.9% a year
- Buying back its own sharesRoughly flat
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $55 million last quarter, down 10% on a year ago.
- Profit: $3 million, after a loss of $7 million a year ago.
- It keeps 11 cents of each $1 of sales as operating profit, up from 2 cents a year earlier.
- Over the past 12 months it spent $81 million more cash than it brought in, compared with $39 million a year earlier.
- 3% more shares than a year ago. Each share owns a bit less of the company.
- Debt is $265 million more than cash, down from $307 million a year ago.
- Sales did not grow on a year ago in any of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $69m |
| December 2024 | $70m |
| March 2025 | $55m |
| June 2025 | $61m |
| September 2025 | $59m |
| December 2025 | $52m |
| March 2026 | $44m |
| June 2026 | $55m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$16m |
| December 2024 | -$26m |
| March 2025 | -$15m |
| June 2025 | -$7m |
| September 2025 | $9m |
| December 2025 | -$15m |
| March 2026 | -$16m |
| June 2026 | $3m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 25 February 2026
- Next quarterly (estimated, 10-Q)
- 28 October 2026
Who owns it
3 long-term investors we follow own it, unchanged from 3 last quarter. 95 funds in all.
- Semper AugustusChristopher Bloomstran
- Value
- $2m
- Share of fund
- 0.2%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| First Eagle Investment ManagementMatthew McLennan | $16m | <0.1% | Added |
| First Manhattan Co.First Manhattan partners | $2m | <0.1% | Cut |
| Semper AugustusChristopher Bloomstran | $2m | 0.2% |
Largest holders overall
- First Eagle Investment Management$16mAdded
- BlackRock$12mAdded
- Oppenheimer & Close$11m
- Dimensional Fund Advisors LP$9mCut
- Vanguard Capital Management$7mCut
- Robotti Robert$5mCut
- Flat Footed$5mNew
- Geode Capital Management$4mAdded
- State Street$4m
- Cerity Partners$3m
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%; 1 of them is pushing for change.
- Chernett JoreyActivistWants the company sold7.2%+0.3 ptsSince 22 June 2026
What they said
The Reporting Person purchased the Shares based on the Reporting Person's belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the…
Read the filing - Carl K. OppenheimerPassive investorat least 5.1%−0.1 pts(filed with 4 related holders)Since 30 June 2026
- John M. GellertInsider or founderat least 5.1%(filed with 3 related holders)Since 10 January 2025
What they said
The securities were acquired in connection with the anticipated vesting of 58,905 performance restricted stock units ("PRSUs") on March 11, 2025. The acquisition of shares of Common Stock resulting from the vesting of the PRSUs, caused Mr. Gellert to exceed 5% beneficial…
Read the filing - Dimensional Fund Advisors LPPassive investorSold down below 5%Since 31 December 2025
- The Vanguard GroupPassive investorSold down below 5%Since 30 September 2025
| Holder | Stake | Since | |
|---|---|---|---|
Chernett Jorey Activist Wants the company sold | 7.2%+0.3 pts | 22 June 2026 | What they saidThe Reporting Person purchased the Shares based on the Reporting Person's belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the… Read the filing |
Carl K. Oppenheimer Passive investor | at least 5.1%−0.1 pts (filed with 4 related holders) | 30 June 2026 | |
John M. Gellert Insider or founder | at least 5.1% (filed with 3 related holders) | 10 January 2025 | What they saidThe securities were acquired in connection with the anticipated vesting of 58,905 performance restricted stock units ("PRSUs") on March 11, 2025. The acquisition of shares of Common Stock resulting from the vesting of the PRSUs, caused Mr. Gellert to exceed 5% beneficial… Read the filing |
Dimensional Fund Advisors LP Passive investor | Sold down below 5% | 31 December 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 30 September 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 4 sold $3m, $3m of it under preset trading plans.
- Everett Andrew H IISr. VP, General Counsel & SecySoldunder a preset trading plan
- Date
- 2 September 2026
- Shares
- 4,116
- Price
- $10.00
- Value
- $41,160
- Llorca JesusEVP & CFOSoldunder a preset trading plan
- Date
- 2 September 2026
- Shares
- 4,000
- Price
- $10.00
- Value
- $40,000
- Everett Andrew H IISr. VP, General Counsel & SecySoldunder a preset trading plan
- Date
- 21 August 2026
- Shares
- 200
- Price
- $10.00
- Value
- $2,000
- Llorca JesusEVP & CFOSoldunder a preset trading plan
- Date
- 21 August 2026
- Shares
- 401
- Price
- $10.00
- Value
- $4,010
- Llorca JesusEVP & CFOSoldunder a preset trading plan
- Date
- 17 August 2026
- Shares
- 3,207
- Price
- $9.85
- Value
- $31,589
- Llorca JesusEVP & CFOSoldunder a preset trading plan
- Date
- 14 August 2026
- Shares
- 5,927
- Price
- $9.78
- Value
- $57,966
- Llorca JesusEVP & CFOSoldunder a preset trading plan
- Date
- 13 August 2026
- Shares
- 1,503
- Price
- $9.75
- Value
- $14,654
- Llorca JesusEVP & CFOSoldunder a preset trading plan
- Date
- 12 August 2026
- Shares
- 2,840
- Price
- $9.76
- Value
- $27,718
- Llorca JesusEVP & CFOSoldunder a preset trading plan
- Date
- 11 August 2026
- Shares
- 13,054
- Price
- $9.79
- Value
- $127,799
- Llorca JesusEVP & CFOSoldunder a preset trading plan
- Date
- 7 August 2026
- Shares
- 205
- Price
- $9.75
- Value
- $1,999
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 2 September 2026 | Everett Andrew H II Sr. VP, General Counsel & Secy | Sold under a preset trading plan | 4,116 | $10.00 | $41,160 |
| 2 September 2026 | Llorca Jesus EVP & CFO | Sold under a preset trading plan | 4,000 | $10.00 | $40,000 |
| 21 August 2026 | Everett Andrew H II Sr. VP, General Counsel & Secy | Sold under a preset trading plan | 200 | $10.00 | $2,000 |
| 21 August 2026 | Llorca Jesus EVP & CFO | Sold under a preset trading plan | 401 | $10.00 | $4,010 |
| 17 August 2026 | Llorca Jesus EVP & CFO | Sold under a preset trading plan | 3,207 | $9.85 | $31,589 |
| 14 August 2026 | Llorca Jesus EVP & CFO | Sold under a preset trading plan | 5,927 | $9.78 | $57,966 |
| 13 August 2026 | Llorca Jesus EVP & CFO | Sold under a preset trading plan | 1,503 | $9.75 | $14,654 |
| 12 August 2026 | Llorca Jesus EVP & CFO | Sold under a preset trading plan | 2,840 | $9.76 | $27,718 |
| 11 August 2026 | Llorca Jesus EVP & CFO | Sold under a preset trading plan | 13,054 | $9.79 | $127,799 |
| 7 August 2026 | Llorca Jesus EVP & CFO | Sold under a preset trading plan | 205 | $9.75 | $1,999 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.