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Stocks · Industrials · Water Transportation

United Maritime Corp

USEA Clue Score34
Marshall Islands Fiscal year ends December CIK 0001912847
$2.54 -4.15% Close, 9 Oct 2026
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Price $2.54 +0.79% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 6 Jul 2022. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2022Revenue9.2Operating income40.5Net income37.5EPS, diluted4.92Fiscal year 2023Revenue4.3 −53.3%Operating income7.1Net income0.2 −99.4%EPS, diluted0.02 −99.6%Fiscal year 2024Revenue0.0 −100.0%Operating income4.8Net income−3.4 −1,630.8%EPS, diluted−0.39 −2,050.0%Fiscal year 2025Revenue5.4Operating income−0.5Net income−6.2EPS, diluted−0.70
FY2022FY2023FY2024FY2025
Revenue 9.2 4.3 0.0 5.4
Growth −53.3% −100.0%
Operating income 40.5 7.1 4.8 −0.5
Net income 37.5 0.2 −3.4 −6.2
Growth −99.4% −1,630.8%
EPS, diluted 4.92 0.02 −0.39 −0.70
Growth −99.6% −2,050.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2022Operating margin438.5%Net margin405.9%Free cash flow margin−789.9%Fiscal year 2023Operating margin164.1%Net margin5.1%Free cash flow margin−2,039.8%Fiscal year 2024Fiscal year 2025Operating margin−8.4%Net margin−113.6%Free cash flow margin28.3%
FY2022FY2023FY2024FY2025
Operating margin 438.5% 164.1% n/a −8.4%
Net margin 405.9% 5.1% n/a −113.6%
Free cash flow margin −789.9% −2,039.8% n/a 28.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2022Operating cash flow7.9Capital expenditure−80.8Free cash flow−73.0Buybacks−6.0Fiscal year 2023Operating cash flow−6.2Capital expenditure−81.7Free cash flow−88.0Buybacks−0.7Dividends paid−9.4Fiscal year 2024Operating cash flow3.3Capital expenditure−0.2Free cash flow3.0Buybacks−0.5Dividends paid−2.6Fiscal year 2025Operating cash flow2.2Capital expenditure−0.7Free cash flow1.5 −48.8%Buybacks−0.2Dividends paid−1.1
FY2022FY2023FY2024FY2025
Operating cash flow 7.9 −6.2 3.3 2.2
Capital expenditure −80.8 −81.7 −0.2 −0.7
Free cash flow −73.0 −88.0 3.0 1.5
Growth −48.8%
Buybacks −6.0 −0.7 −0.5 −0.2
Dividends paid n/a −9.4 −2.6 −1.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2022Cash54.7Total debt42.6Net cash (debt)12.1Shareholders’ equity64.6Debt to equity0.66Fiscal year 2023Cash13.8Total debt64.5Net cash (debt)−50.7Shareholders’ equity65.9Debt to equity0.98Fiscal year 2024Cash6.4Total debt78.8Net cash (debt)−72.3Shareholders’ equity60.1Debt to equity1.31Fiscal year 2025Cash14.2Total debt47.9Net cash (debt)−33.7Shareholders’ equity52.9Debt to equity0.91
FY2022FY2023FY2024FY2025
Cash 54.7 13.8 6.4 14.2
Total debt 42.6 64.5 78.8 47.9
Net cash (debt) 12.1 −50.7 −72.3 −33.7
Shareholders’ equity 64.6 65.9 60.1 52.9
Debt to equity 0.66 0.98 1.31 0.91

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
9.2 4.3 0.0 5.4
Growth −53.3% −100.0%
5.5 6.0 4.0 4.3
40.5 7.1 4.8 −0.5
Growth −82.5% −31.9% −109.4%
37.5 0.2 −3.4 −6.2
Growth −99.4% −1,630.8%
Per share
7.79 0.02 −0.39 −0.70
4.92 0.02 −0.39 −0.70
Growth −99.6% −2,050.0%
4.5 8.4 8.7 8.9
7.3 8.4 8.7 8.9
Growth +14.5% +4.2% +1.8%

Five years in brief

Worked out from the figures above, not from a press release
  • A net loss in 2 of 4 years on file.