Filing Flows › Seacor Marine Holdings (SMHI) › Q2 2026 › vs Q2 2025
Seacor Marine Holdings (SMHI) Q2 2026 vs Q2 2025 (year over year)
Seacor Marine Holdings's revenue fell $6.2M (-10%) from $60.8M in Q2 2025 to $54.6M in Q2 2026. The biggest changes: Time Charter −$8.0M (-14%); Other Marine Services +$1.8M (+78%); Bareboat Charter −$4K (-0.5%). Gross margin 14.5% against 18.6% (-4.1 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 14.5% | 18.6% | -4.1 pts |
| Operating margin | 29.2% | 10.0% | +19.2 pts |
| Net margin | 6.0% | -11.1% | +17.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Time Charter | $49.7M | $57.7M | −$8.0M | -14% |
| Other Marine Services | $4.1M | $2.3M | $1.8M | +78% |
| Bareboat Charter | $834K | $838K | −$4K | -0.5% |
| Revenue | $54.6M | $60.8M | −$6.2M | -10% |
| Gross profit | $7.9M | $11.3M | −$3.4M | -30% |
| Cost of revenue | $46.7M | $49.5M | −$2.8M | -6% |
| Operating profit | $16.0M | $6.1M | $9.9M | +163% |
| Pre-tax earnings | $7.2M | −$4.2M | $11.5M | — |
| Other expense, net | $8.7M | $10.3M | −$1.6M | -15% |
| Net earnings | $3.3M | −$6.7M | $10.0M | — |
| Income tax | $4.0M | $2.5M | $1.4M | +58% |
| Operating cash sources | $28.3M | $8.9M | $19.4M | +216% |
| Depreciation & amortization | $10.7M | $12.1M | −$1.4M | -11% |
| Share-based compensation | $1.1M | $1.5M | −$378K | -25% |
| Cash used in operations | $13.2M | $2.1M | $11.1M | +534% |
| Working capital & other | $28.3M | $8.9M | $19.4M | +216% |
Questions
How much did Seacor Marine Holdings's revenue grow year over year in Q2 2026?
Seacor Marine Holdings's revenue fell $6.2M (-10%) from $60.8M in Q2 2025 to $54.6M in Q2 2026.
What drove Seacor Marine Holdings's revenue change in Q2 2026?
Time Charter −$8.0M (-14%); Other Marine Services +$1.8M (+78%); Bareboat Charter −$4K (-0.5%).