Nextboat vs Seanergy Maritime Holdings
Seanergy Maritime Holdings is the larger business, with $158m of revenue in fiscal 2025 against $120m for Nextboat (1.3 times as much). Nextboat grew faster (21.1% against -5.6%). Seanergy Maritime Holdings kept more of each dollar of sales as profit: a net margin of 13.4% against -1.6%. Seanergy Maritime Holdings carries less debt relative to equity (104.5% against 214.7%).
| Latest fiscal year | NextboatNXB, 2025 | Seanergy Maritime HoldingsSHIP, 2025 |
|---|---|---|
| Revenue | $120m | $158m |
| Revenue growth | 21.1% | -5.6% |
| Net income | −$1.9m | $21.2m |
| Operating margin | 0.4% | 27.4% |
| Net margin | -1.6% | 13.4% |
| Return on equity | -29.2% | 7.8% |
| Free cash flow | −$1.3m | $17.0m |
| Cash | $12.4m | $48.2m |
| Total debt | $25.4m | $294m |
| Debt to equity | 214.7% | 104.5% |
| Dividend per share | — | — |
| Dividend yield | — | 3.0% |
| Share buybacks | — | $0 |
| Employees | 40 | — |
| Market value | $37.3m | $313m |
| Price vs our value range | — | Within our value range |
| Moat score | — | — |
| Insider trades, 12 months | 16 buys, 5 sales | 0 buys, 4 sales |