Filing Flows › Seacor Marine Holdings (SMHI) › Q2 2026 › vs Q1 2026
Seacor Marine Holdings (SMHI) Q2 2026 vs Q1 2026 (quarter over quarter)
Seacor Marine Holdings's revenue rose $10.3M (+23%) from $44.3M in Q1 2026 to $54.6M in Q2 2026. The biggest changes: Time Charter +$7.7M (+18%); Other Marine Services +$2.6M (+174%); Bareboat Charter +$6K (+0.7%). Gross margin 14.5% against 15.2% (-0.6 pts).
Seacor Marine Holdings, Q2 2026: revenue $54.6M (-10% year over year), operating margin 29.2%, net earnings $3.3M, operating cash flow −$13.2M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 14.5% | 15.2% | -0.6 pts |
| Operating margin | 29.2% | -14.4% | +43.6 pts |
| Net margin | 6.0% | -35.7% | +41.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Time Charter | $49.7M | $42.0M | $7.7M | +18% |
| Other Marine Services | $4.1M | $1.5M | $2.6M | +174% |
| Bareboat Charter | $834K | $828K | $6K | +0.7% |
| Revenue | $54.6M | $44.3M | $10.3M | +23% |
| Gross profit | $7.9M | $6.7M | $1.2M | +18% |
| Cost of revenue | $46.7M | $37.6M | $9.1M | +24% |
| Operating profit | $16.0M | −$6.4M | $22.3M | — |
| Pre-tax earnings | $7.2M | −$13.6M | $20.9M | — |
| Other expense, net | $8.7M | $7.3M | $1.5M | +20% |
| Net earnings | $3.3M | −$15.8M | $19.1M | — |
| Income tax | $4.0M | $2.2M | $1.7M | +79% |
| Operating cash sources | $28.3M | $11.0M | $17.3M | +157% |
| Depreciation & amortization | $10.7M | $10.3M | $388K | +4% |
| Share-based compensation | $1.1M | $1.4M | −$251K | -18% |
| Cash used in operations | $13.2M | $15.1M | −$2.0M | -13% |
| Working capital & other | $28.3M | $11.0M | $17.3M | +157% |
Questions
How much did Seacor Marine Holdings's revenue grow quarter over quarter in Q2 2026?
Seacor Marine Holdings's revenue rose $10.3M (+23%) from $44.3M in Q1 2026 to $54.6M in Q2 2026.
What drove Seacor Marine Holdings's revenue change in Q2 2026?
Time Charter +$7.7M (+18%); Other Marine Services +$2.6M (+174%); Bareboat Charter +$6K (+0.7%).