Seanergy Maritime Holdings Corp.
SHIP Nasdaq Deep Sea Foreign Transportation Of Freight Financials FY2016โFY2025
Revenue
Total sales reported in the income statement.
$158M
5.6%
vs prior year
Operating margin
Operating income as a share of revenue.
27.4%
10.0ย pts
Net income
Profit after all expenses, interest and tax.
$21.2M
51.1%
Free cash flow
Cash from operations minus capital spending.
$17.0M
267.8%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
6.5%
6.0ย pts
Market cap
Last close times the latest diluted share count, so it is approximate.
โ
P/E
Last close divided by diluted earnings per share over the last four quarters.
โ
On $1.01 EPS (TTM)
What Seanergy Maritime Holdings Corp. does
No business description yet.
- Legal name
- Seanergy Maritime Holdings Corp.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F ยท Mar 31, 2026
- Accession ยท CIK
- 0001140361-26-012374
0001448397
Revenue and margins
Seanergy Maritime Holdings Corp. had $158M of revenue in fiscal 2025, down 5.6% on the year before.
FY16
Revenue $36.0M
FY17
Revenue $74.8M
FY18
Revenue $91.5M
FY19
Revenue $86.5M
FY20
Revenue $63.3M
FY21
Revenue $153M
FY22
Revenue $125M
FY23
Revenue $110M
FY24
Revenue $167M
FY25
Revenue $158M
Q3 '15
Revenue $2.7M
Q4 '15
Revenue $7.1M
Q3 '16
Revenue $9.0M
Q4 '16
Revenue $11.3M
Q3 '17
Revenue $19.6M
Q4 '17
Revenue $22.3M
Q3 '18
Revenue $28.7M
Q4 '18
Revenue $24.6M
FY16
Gross 96.3%
Operating โ40.9%
Net โ68.4%
FCF โ156.0%
FY17
Gross 100.0%
Operating 3.7%
Net โ4.3%
FCF โ40.4%
FY18
Gross 100.0%
Operating 4.7%
Net โ23.0%
FCF โ27.5%
FY19
Gross โ
Operating 13.9%
Net โ13.5%
FCF 0.9%
FY20
Gross โ
Operating โ0.4%
Net โ29.0%
FCF โ47.2%
FY21
Gross โ
Operating 43.0%
Net 27.0%
FCF โ76.1%
FY22
Gross โ
Operating 23.7%
Net 13.8%
FCF โ26.4%
FY23
Gross โ
Operating 19.4%
Net 2.1%
FCF 28.1%
FY24
Gross โ
Operating 37.4%
Net 26.0%
FCF 2.8%
FY25
Gross โ
Operating 27.4%
Net 13.4%
FCF 10.8%
Gross
Operating
Net
FCF
Q3 '15
Gross โ
Operating โ32.3%
Net โ38.2%
FCF โ1,718.9%
Q4 '15
Gross โ
Operating โ62.1%
Net โ82.6%
FCF โ1,977.6%
Q3 '16
Gross 96.1%
Operating โ38.1%
Net โ65.4%
FCF โ34.5%
Q4 '16
Gross 96.3%
Operating โ33.9%
Net โ61.1%
FCF โ388.3%
Q3 '17
Gross 96.3%
Operating โ0.8%
Net 33.1%
FCF 11.5%
Q4 '17
Gross 108.8%
Operating 21.6%
Net โ0.5%
FCF 22.5%
Q3 '18
Gross 91.8%
Operating 1.4%
Net โ19.4%
FCF โ5.3%
Q4 '18
Gross 109.5%
Operating 13.0%
Net โ12.9%
FCF โ89.4%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY16
Net income โ$24.6M
FY17
Net income โ$3.2M
FY18
Net income โ$21.1M
FY19
Net income โ$11.7M
FY20
Net income โ$18.4M
FY21
Net income $41.3M
FY22
Net income $17.2M
FY23
Net income $2.3M
FY24
Net income $43.5M
FY25
Net income $21.2M
Q3 '15
Net income โ$1.0M
Q4 '15
Net income โ$5.9M
Q3 '16
Net income โ$5.9M
Q4 '16
Net income โ$6.9M
Q3 '17
Net income $6.5M
Q4 '17
Net income โ$0.1M
Q3 '18
Net income โ$5.6M
Q4 '18
Net income โ$3.2M
FY16
Diluted EPS โ$1.20
FY17
Diluted EPS โ$1.35
FY18
Diluted EPS โ$134.39
FY19
Diluted EPS โ$12.21
FY20
Diluted EPS โ$5.49
FY21
Diluted EPS $2.50
FY22
Diluted EPS $0.96
FY23
Diluted EPS $0.12
FY24
Diluted EPS $2.11
FY25
Diluted EPS $1.01
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY16
Return on capital โ5.1%
Return on equity โ79.9%
Return on assets โ9.6%
FY17
Return on capital 1.0%
Return on equity โ9.0%
Return on assets โ1.2%
FY18
Return on capital 1.6%
Return on equity โ67.3%
Return on assets โ7.8%
FY19
Return on capital 4.8%
Return on equity โ45.7%
Return on assets โ4.3%
FY20
Return on capital โ0.1%
Return on equity โ29.2%
Return on assets โ6.4%
FY21
Return on capital 15.8%
Return on equity 24.3%
Return on assets 10.6%
FY22
Return on capital 6.9%
Return on equity 7.4%
Return on assets 3.4%
FY23
Return on capital 5.1%
Return on equity 1.0%
Return on assets 0.5%
FY24
Return on capital 12.6%
Return on equity 17.7%
Return on assets 8.5%
FY25
Return on capital 6.5%
Return on equity 7.8%
Return on assets 3.7%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $17.0M in fiscal 2025, 10.8% of revenue. Cash from operations minus capital spending.
FY16
Free cash flow โ$56.1M
FY17
Free cash flow โ$30.2M
FY18
Free cash flow โ$25.2M
FY19
Free cash flow $0.8M
FY20
Free cash flow โ$29.9M
FY21
Free cash flow โ$116M
FY22
Free cash flow โ$33.0M
FY23
Free cash flow $31.0M
FY24
Free cash flow $4.6M
FY25
Free cash flow $17.0M
Q3 '15
Free cash flow โ$47.2M
Q4 '15
Free cash flow โ$140M
Q3 '16
Free cash flow โ$3.1M
Q4 '16
Free cash flow โ$43.8M
Q3 '17
Free cash flow $2.2M
Q4 '17
Free cash flow $5.0M
Q3 '18
Free cash flow โ$1.5M
Q4 '18
Free cash flow โ$22.0M
FY16
Cash from operations โ$15.3M
Capital spending $40.8M
FY17
Cash from operations $2.8M
Capital spending $33.0M
FY18
Cash from operations $5.7M
Capital spending $30.9M
FY19
Cash from operations $13.1M
Capital spending $12.3M
FY20
Cash from operations โ$9.7M
Capital spending $20.2M
FY21
Cash from operations $80.8M
Capital spending $197M
FY22
Cash from operations $37.3M
Capital spending $70.3M
FY23
Cash from operations $31.3M
Capital spending $0.3M
FY24
Cash from operations $75.3M
Capital spending $70.7M
FY25
Cash from operations $52.6M
Capital spending $35.6M
Cash from operations
Capital spending
Q3 '15
Cash from operations โ$0.9M
Capital spending $46.3M
Q4 '15
Cash from operations โ$1.9M
Capital spending $138M
Q3 '16
Cash from operations โ$3.1M
Capital spending $0.0M
Q4 '16
Cash from operations โ$3.0M
Capital spending $40.8M
Q3 '17
Cash from operations $2.3M
Capital spending $0.0M
Q4 '17
Cash from operations $5.3M
Capital spending $0.2M
Q3 '18
Cash from operations $1.4M
Capital spending $2.9M
Q4 '18
Cash from operations $5.9M
Capital spending $28.0M
Cash from operations
Capital spending
Dividends, buybacks and share count
Seanergy Maritime Holdings Corp. returned $9.5M to shareholders in fiscal 2025, 56% of free cash flow. The diluted share count rose 3.3%.
FY16
Dividends โ
Buybacks โ
FY17
Dividends โ
Buybacks โ
FY18
Dividends โ
Buybacks โ
FY19
Dividends โ
Buybacks $0.0M
FY20
Dividends $0.0M
Buybacks $0.0M
FY21
Dividends $0.0M
Buybacks $1.7M
FY22
Dividends $17.9M
Buybacks $0.0M
FY23
Dividends $6.0M
Buybacks $1.7M
FY24
Dividends $10.8M
Buybacks $4.9M
FY25
Dividends $9.5M
Buybacks $0.0M
Dividends
Buybacks
FY16
Diluted shares 0.02B
FY17
Diluted shares 0.00B
FY18
Diluted shares 0.00B
FY19
Diluted shares 0.00B
FY20
Diluted shares 0.00B
FY21
Diluted shares 0.02B
FY22
Diluted shares 0.02B
FY23
Diluted shares 0.02B
FY24
Diluted shares 0.02B
FY25
Diluted shares 0.02B
Balance sheet
Cash, debt and the ratios that show how comfortably Seanergy Maritime Holdings Corp. can carry it.
FY16
Cash $12.9M
Debt $209M
FY17
Cash $8.9M
Debt $195M
FY18
Cash $6.7M
Debt $195M
FY19
Cash $13.7M
Debt $183M
FY20
Cash $21.0M
Debt $170M
FY21
Cash $41.5M
Debt $215M
FY22
Cash $26.0M
Debt $232M
FY23
Cash $19.4M
Debt $233M
FY24
Cash $21.9M
Debt $258M
FY25
Cash $48.2M
Debt $290M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $41.5M | $26.0M | $19.4M | $21.9M | $48.2M |
| Debt incl. finance leases | $215M | $232M | $233M | $258M | $290M |
| Net debt / EBITDA | 2.1x | 3.9x | 4.6x | โ | โ |
| Debt / equity | 0.9x | 1.0x | 0.9x | 1.0x | 1.0x |
| Interest coverage | 3.7x | 1.9x | 1.0x | 3.0x | 2.0x |
| Current ratio | 0.5x | 0.7x | 0.4x | 0.7x | 0.9x |
| Quick ratio | 0.5x | 0.6x | 0.3x | 0.7x | 0.8x |
| Total assets | $487M | $514M | $478M | $546M | $607M |
| Total liabilities | $243M | $292M | $249M | $284M | $325M |
| Shareholders' equity | $244M | $222M | $228M | $262M | $281M |
| Net debt (โ = net cash) | $174M | $206M | $213M | $236M | $242M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| F-score | โ / 3 | 7 / 9 | 4 / 9 | 4 / 8 | 3 / 8 | 6 / 8 | 5 / 8 | 4 / 8 | 6 / 8 | 4 / 8 |
| Accruals ratio | โ3.6% | โ2.3% | โ9.9% | โ9.0% | โ3.0% | โ10.1% | โ4.0% | โ5.9% | โ6.2% | โ5.4% |
| Altman Z'' | โ4.50 | โ4.14 | โ4.72 | โ8.93 | โ3.86 | โ0.95 | โ1.53 | โ1.82 | โ0.44 | โ0.47 |
10 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $36.0M | $74.8M | $91.5M | $86.5M | $63.3M | $153M | $125M | $110M | $167M | $158M |
| Gross profit | $34.7M | $74.8M | $91.5M | โ | โ | โ | โ | โ | โ | โ |
| Operating income | โ$14.7M | $2.8M | $4.3M | $12.0M | โ$0.3M | $65.9M | $29.7M | $21.3M | $62.6M | $43.3M |
| Interest expense | $7.2M | $12.3M | $16.4M | $15.2M | $12.3M | $17.8M | $15.3M | $20.7M | $20.6M | $21.7M |
| Pretax income | โ$24.6M | โ$3.2M | โ$21.0M | โ$11.6M | โ$18.4M | $41.3M | $17.2M | $2.3M | $43.5M | โ |
| Income tax | $0.0M | $0.0M | $0.0M | $0.1M | $0.0M | $0.0M | โ$0.0M | $0.0M | $0.0M | โ |
| Net income | โ$24.6M | โ$3.2M | โ$21.1M | โ$11.7M | โ$18.4M | $41.3M | $17.2M | $2.3M | $43.5M | $21.2M |
| Net income to common | โ | โ | โ | โ | โ$18.4M | $41.3M | $16.9M | $2.2M | $41.9M | $20.8M |
| Diluted EPS | โ$1.20 | โ$1.35 | โ$134.39 | โ$12.21 | โ$5.49 | $2.50 | $0.96 | $0.12 | $2.11 | $1.01 |
| Diluted shares | 0.02B | 0.00B | 0.00B | 0.00B | 0.00B | 0.02B | 0.02B | 0.02B | 0.02B | 0.02B |
| Cash flow | ||||||||||
| Cash from operations | โ$15.3M | $2.8M | $5.7M | $13.1M | โ$9.7M | $80.8M | $37.3M | $31.3M | $75.3M | $52.6M |
| Capital expenditure | $40.8M | $33.0M | $30.9M | $12.3M | $20.2M | $197M | $70.3M | $0.3M | $70.7M | $35.6M |
| Free cash flow | โ$56.1M | โ$30.2M | โ$25.2M | $0.8M | โ$29.9M | โ$116M | โ$33.0M | $31.0M | $4.6M | $17.0M |
| Depreciation and amortization | $8.5M | $10.5M | $10.9M | $11.0M | $12.7M | $17.2M | $23.4M | $24.7M | โ | โ |
| Stock-based compensation | $0.6M | $0.7M | $1.3M | $1.3M | $0.9M | $5.1M | $7.2M | $9.1M | $5.0M | $4.1M |
| Share buybacks | โ | โ | โ | $0.0M | $0.0M | $1.7M | $0.0M | $1.7M | $4.9M | $0.0M |
| Dividends paid | โ | โ | โ | โ | $0.0M | $0.0M | $17.9M | $6.0M | $10.8M | $9.5M |
| Dividends and buybacks | โ | โ | โ | $0.0M | $0.0M | $1.7M | $17.9M | $7.7M | $15.6M | $9.5M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $12.9M | $8.9M | $6.7M | $13.7M | $21.0M | $41.5M | $26.0M | $19.4M | $21.9M | $48.2M |
| Total debt | $209M | $195M | $195M | $183M | $170M | $215M | $232M | $211M | $258M | $290M |
| Finance lease liabilities | โ | โ | โ | โ | โ | โ | โ | $21.8M | โ | โ |
| Current assets | $22.3M | $19.5M | $16.9M | $21.9M | $30.5M | $47.2M | $61.6M | $25.1M | $45.9M | $74.9M |
| Current liabilities | $21.2M | $34.5M | $36.3M | $237M | $30.8M | $88.0M | $94.7M | $69.5M | $61.6M | $88.1M |
| Inventory | $4.0M | $4.8M | $5.3M | $3.9M | $4.7M | $1.4M | $2.0M | $1.6M | $1.7M | $1.6M |
| Property and equipment, net | $232M | $255M | $244M | $254M | $257M | $426M | $435M | โ | โ | โ |
| Intangible assets | โ | โ | โ | โ | โ | โ | โ | $0.0M | โ | โ |
| Total assets | $258M | $276M | $268M | $283M | $295M | $487M | $514M | $478M | $546M | $607M |
| Total liabilities | $227M | $234M | $246M | $253M | $200M | $243M | $292M | $249M | $284M | $325M |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $30.8M | $41.3M | $21.3M | $29.9M | $95.7M | $244M | $222M | $228M | $262M | $281M |
| Margins | ||||||||||
| Gross margin | 96.3% | 100.0% | 100.0% | โ | โ | โ | โ | โ | โ | โ |
| Operating margin | โ40.9% | 3.7% | 4.7% | 13.9% | โ0.4% | 43.0% | 23.7% | 19.4% | 37.4% | 27.4% |
| EBITDA margin | โ17.2% | 17.8% | 16.6% | 26.7% | 19.7% | 54.2% | 42.5% | 41.8% | โ | โ |
| Net margin | โ68.4% | โ4.3% | โ23.0% | โ13.5% | โ29.0% | 27.0% | 13.8% | 2.1% | 26.0% | 13.4% |
| FCF margin | โ156.0% | โ40.4% | โ27.5% | 0.9% | โ47.2% | โ76.1% | โ26.4% | 28.1% | 2.8% | 10.8% |
| Returns | ||||||||||
| Return on capital | โ5.1% | 1.0% | 1.6% | 4.8% | โ0.1% | 15.8% | 6.9% | 5.1% | 12.6% | 6.5% |
| Return on capital employed | โ6.2% | 1.2% | 1.8% | 26.6% | โ0.1% | 16.5% | 7.1% | 5.2% | 12.9% | 8.4% |
| Return on equity | โ79.9% | โ9.0% | โ67.3% | โ45.7% | โ29.2% | 24.3% | 7.4% | 1.0% | 17.7% | 7.8% |
| Return on assets | โ9.6% | โ1.2% | โ7.8% | โ4.3% | โ6.4% | 10.6% | 3.4% | 0.5% | 8.5% | 3.7% |
| Return on tangible equity | โ79.9% | โ7.8% | โ98.8% | โ39.2% | โ19.2% | 16.9% | 7.6% | 1.0% | 16.0% | 7.4% |
| Growth | ||||||||||
| Revenue growth | โ | 108.0% | 22.3% | โ5.5% | โ26.8% | 141.7% | โ18.3% | โ11.8% | 51.9% | โ5.6% |
| Net income growth | โ | โ | โ | โ | โ | โ | โ58.3% | โ86.8% | 1,805.0% | โ51.1% |
| EPS growth | โ | โ | โ | โ | โ | โ | โ61.6% | โ87.5% | 1,658.3% | โ52.1% |
| FCF growth | โ | โ | โ | โ | โ4,042.6% | โ | โ | โ | โ85.1% | 267.8% |
| Share count change | โ | โ88.4% | โ93.4% | 511.6% | 248.9% | 472.3% | โ7.6% | 4.3% | 7.8% | 3.3% |
| Financial health | ||||||||||
| Net debt / EBITDA | โ | 14.0x | 12.4x | 7.3x | 11.9x | 2.1x | 3.9x | 4.6x | โ | โ |
| Debt / equity | 6.8x | 4.7x | 9.2x | 6.1x | 1.8x | 0.9x | 1.0x | 0.9x | 1.0x | 1.0x |
| Interest coverage | โ2.0x | 0.2x | 0.3x | 0.8x | โ0.0x | 3.7x | 1.9x | 1.0x | 3.0x | 2.0x |
| Current ratio | 1.1x | 0.6x | 0.5x | 0.1x | 1.0x | 0.5x | 0.7x | 0.4x | 0.7x | 0.9x |
| Quick ratio | 0.9x | 0.4x | 0.3x | 0.1x | 0.8x | 0.5x | 0.6x | 0.3x | 0.7x | 0.8x |
| Capital allocation | ||||||||||
| Capex / revenue | 113.3% | 44.1% | 33.8% | 14.3% | 31.9% | 128.8% | 56.2% | 0.3% | 42.2% | 22.5% |
| Stock comp / revenue | 1.7% | 1.0% | 1.4% | 1.5% | 1.4% | 3.3% | 5.7% | 8.3% | 3.0% | 2.6% |
| Payouts / FCF | โ | โ | โ | 0.0% | โ | โ | โ | 24.9% | 337.2% | 55.7% |
| Quality scores | ||||||||||
| Piotroski F-score | โ | 7.0 | 4.0 | 4.0 | 3.0 | 6.0 | 5.0 | 4.0 | 6.0 | 4.0 |
| Altman Z'' | โ4.5 | โ4.1 | โ4.7 | โ8.9 | โ3.9 | โ0.9 | โ1.5 | โ1.8 | โ0.4 | โ0.5 |
| Accruals ratio | โ3.6% | โ2.3% | โ9.9% | โ9.0% | โ3.0% | โ10.1% | โ4.0% | โ5.9% | โ6.2% | โ5.4% |
Source: SEC EDGAR XBRL filings (CIK 0001448397). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only โ not investment advice. Check the original filings before relying on any figure.