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Seacor Marine Holdings (SMHI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 28, 2026 · Seacor Marine Holdings (SMHI) Q3 2026 earnings results →
Q3 2026 Revenue down 3% year over year to $57.3M · 17¢ of every $1 of revenue lost · operating margin -2.4%
Seacor Marine Holdings made $57.3M in Q3 2026 (-3% Y/Y): Time Charter $52.2M, Other Marine Services $4.2M, Bareboat Charter $846K. Operating margin -2.4%, net loss $9.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $57.3M in Q3 2026, down 3% year over year and up 5% from the previous quarter. Time Charter was the largest line at 91% of revenue. Time Charter lost $3.8M year over year (down 7%), 195% of the total change.
Gross margin was 33.1%, up 13.6 points from Q3 2025. Operating costs exceeded revenue by $1.4M, an operating margin of -2.4%. The quarter ended with a net loss of $9.5M, after a profit of $3.3M the previous quarter. Net interest and other expense of $7.0M was the main reason.
Operating cash flow was −$3.1M. Non-cash charges added back $10.0M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $4.8M. Capital expenditures of $7.1M exceeded it, leaving free cash flow of −$10.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 28, 2026 | $57.3M | -3% | -2.4% | −$9.5M | −$3.1M |
| Q2 2026 | 10-Q | Jul 29, 2026 | $54.6M | -10% | 29.2% | $3.3M | −$13.2M |
| Q1 2026 | 10-Q | Apr 29, 2026 | $44.3M | -20% | -14.4% | −$15.8M | −$15.1M |
| Q4 2025 | 10-K | Feb 25, 2026 | $52.3M | -25% | -9.9% | −$14.6M | −$12.2M |
| Q3 2025 | 10-Q | Oct 29, 2025 | $59.2M | -14% | 30.5% | $9.0M | −$10.7M |
| Q2 2025 | 10-Q | Jul 30, 2025 | $60.8M | -13% | 10.0% | −$6.7M | −$2.1M |
| Q1 2025 | 10-Q | Apr 30, 2025 | $55.5M | -12% | -9.5% | −$15.5M | −$11.5M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- XOM — 58% of its revenue · Stated in 10-K (sentence) · source
- Seacor Marine Arabia LLC — 16% of its revenue · Stated in 10-K (XBRL) · source
About Seacor Marine Holdings
Unless the context indicates otherwise, the terms “we,” “our,” “ours,” “us,” “its” and the “Company” refer to SEACOR Marine Holdings Inc. and its consolidated subsidiaries. “SEACOR Marine” refers to SEACOR Marine Holdings Inc., incorporated in 2014 in Delaware, without its subsidiaries. “Common Stock” refers to the common stock, par value $0.01 per share, of SEACOR Marine. The Company’s fiscal year ends on December 31 of each year. SEACOR Marine’s principal executive office is located at 12121 Wickchester Lane, Suite 500, Houston, Texas 77079, and its telephone number is (346) 980-1700. SEACOR Marine’s website address is www.seacormarine.com . Any reference to SEACOR Marine’s website is not intended to incorporate the information on the website into this Annual Report on Form 10-K.
In its own words, from its 10-K, filed Feb 25, 2026.
Seacor Marine Holdings against its Deep Sea Foreign Transportation of Freight peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -3% against the peers' median +78%. Operating margin: -2.4% against the peers' median 29.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SMHI Seacor Marine Holdings | Q3 2026 | $57.3M | -3% | -2.4% |
| LPG Dorian LPG | Q2 FY27 | $221M | +78% | 97.3% |
| PANL Pangaea Logistics Solutions | Q3 2026 | $219M | +30% | 19.9% |
| GNK Genco Shipping & Trading | Q3 2026 | $152M | +90% | 29.1% |
Source: Seacor Marine Holdings 10-Q on SEC EDGAR · CIK 1690334 · Deep Sea Foreign Transportation of Freight
13F: who owns SMHI and who is buying
More on SMHI
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results