SHIP Financials Seanergy Maritime Holdings Corp.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Oct 16, 2026, 10:07 UTC Overview →

Growth & profitability

Revenue has grown 20.1% per year over the past 5 years.
Operating margin has expanded, at 27.4% in the latest year.

Financial health

Total debt ($290M) exceeds cash ($48M); net debt is $242M.
Total debt has grown slower than revenue (11.3% vs 20.1% per year).
Operating income covered interest expense 2.0× in the latest year.
Total debt is 6.7× EBITDA.

Shareholder returns

Dividends have been paid for 4 consecutive years, consuming 44.7% of earnings and 55.7% of free cash flow.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$158M	$21M	0.0%	27.4%	7.5%	3.5%	$17M	$290M	$48M
2024	$167M	$43M	0.0%	37.4%	16.6%	8.0%	$5M	$258M	$22M
2023	$110M	$2M	0.0%	19.4%	1.0%	0.5%	$31M	$211M	$19M
2022	$125M	$17M	0.0%	23.7%	7.8%	3.4%	-$33M	$232M	$26M
2021	$153M	$41M	0.0%	43.0%	16.9%	8.5%	-$116M	$215M	$41M
2020	$63M	-$18M	0.0%	-0.4%	-19.2%	-6.2%	-$30M	$170M	$21M
2019	$86M	-$12M	0.0%	13.9%	-39.2%	-4.1%	$759000	$183M	$14M
2018	$92M	-$21M	100.0%	4.7%	-98.8%	-7.9%	-$25M	$195M	$7M
2017	$75M	-$3M	100.0%	3.7%	-7.8%	-1.2%	—	$195M	$9M
2016	$36M	-$25M	96.3%	-40.9%	-79.9%	-9.6%	—	$209M	$13M
2015	$12M	-$9M	96.2%	-60.5%	-38.5%	-4.3%	—	$178M	$3M
2014	$2M	$80M	0.0%	3942.7%	3002.5%	2458.6%	—	$0	$3M
2013	$24M	—	0.0%	80.8%	0.0%	0.0%	—	$135M	$3M
2012	$49M	-$194M	0.0%	-369.4%	—	-160.2%	—	$209M	$4M
2011	$72M	-$198M	0.0%	-256.6%	—	-45.3%	—	$346M	$18M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Dec '18	—	-$3M	—	—	-15.0%	-1.2%	—	$195M	$7M
Sep '18	—	-$6M	—	—	-23.8%	-2.1%	—	$193M	$4M
Dec '17	$25M	-$116000	96.4%	19.1%	-0.3%	-0.0%	—	$195M	$9M
Sep '17	$20M	$6M	96.3%	-0.8%	15.6%	2.3%	—	$200M	$8M
Dec '16	$11M	-$7M	96.3%	-33.9%	-22.4%	-2.7%	—	$209M	$13M
Sep '16	$9M	-$6M	96.1%	-38.1%	-30.7%	-2.9%	—	$177M	$4M
Dec '15	$7M	-$6M	0.0%	-62.1%	-25.1%	-2.8%	—	$178M	$3M
Sep '15	$3M	-$1M	0.0%	-32.3%	-6.2%	—	—	—	$969000

Valuation over time

How the market has priced SHIP against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 6.2× (Mar '23) to 14.4× (Nov '26).
The price-to-sales ratio has risen from 0.9× (Mar '23) to 1.9× (Nov '26).
The dividend yield has fallen from 16.8% (Mar '23) to 3.1% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is SHIP growing its revenue and profit?

Over the past 5 years, Seanergy Maritime Holdings Corp.'s revenue has grown 20.1% per year. These are computed facts, not advice.

How much debt does SHIP have?

As of FY2025, Seanergy Maritime Holdings Corp. reported $290M of total debt against $48M of cash; operating income covered interest expense 2.0×.

What is SHIP's profit margin?

In FY2025, gross margin was —, operating margin 27.4%, and net margin 13.4%.

What is SHIP's P/E ratio?

Seanergy Maritime Holdings Corp.'s P/E (TTM) is 14.39 as of the 2026-11-04 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the SHIP stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 14.4× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.