Filing Flows › Seacor Marine Holdings (SMHI) › Q3 2025
Seacor Marine Holdings (SMHI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
Seacor Marine Holdings (SMHI) reported revenue of $59.2M for the third quarter 2025 (Q3 2025), -14% from a year earlier and -3% from the quarter before. Operating margin was 30.5%, net earnings $9.0M (15.2% of revenue).
Seacor Marine Holdings, Q3 2025: revenue $59.2M (-14% year over year), operating margin 30.5%, net earnings $9.0M, operating cash flow −$10.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $59.2M | -3% | -14% |
| Gross profit | $11.5M | +2% | -28% |
| Operating profit | $18.1M | +198% | — |
| Net earnings | $9.0M | — | — |
| Operating cash flow | −$10.7M | — | — |
What changed
Revenue was $59.2M in Q3 2025, down 14% year over year and down 3% from the previous quarter. Time Charter was the largest line at 95% of revenue. Time Charter lost $7.4M year over year (down 12%), 76% of the total change.
Gross margin was 19.4%, down 3.8 points from a year earlier. Operating profit was $18.1M, a 30.5% margin (up 39.9 points year over year). Net earnings were $9.0M. The effective tax rate was 37.6%.
Operating cash flow was −$10.7M. Non-cash charges added back $12.1M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $33.3M. Capital expenditures of $9.3M exceeded it, leaving free cash flow of −$20.0M.
Questions
What was Seacor Marine Holdings' revenue in the third quarter 2025?
Seacor Marine Holdings (SMHI) reported revenue of $59.2M for the third quarter 2025 (Q3 2025), -14% from a year earlier and -3% from the quarter before.
Was Seacor Marine Holdings profitable in the third quarter 2025?
Operating profit was $18.1M (30.5% of revenue) and net earnings $9.0M.