Heidmar Maritime Holdings Corp. is a US-listed company in the marine transportation industry. Its financial year ends in December.
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~$6.3
Revenue-to-maturity cash-flow model
Base case. Range ~$5.3–$7.5 across our lower- and higher-growth cases (25%–35% a year).
No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.
Heidmar Maritime Holdings Corp. valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months was $56m. That growth ranks 2 of 40 among the marine transportation companies we cover. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 0 of our 2 financial-health checks. Our revenue-to-maturity cash-flow model value is $6.30 a share, against a share price of $1.36.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Heidmar Maritime Holdings Corp.'s trailing-twelve-month revenue grew 92.9% year on year, with a free-cash-flow margin of 23.6%. Where it stands out: change in growth rate of +134.0pp ranks 1 of 40 marine transportation companies we cover. Where it lags: net margin of -40.4% ranks 41 of 42 marine transportation companies we cover.
Current signal Revenue growth accelerating: TTM revenue growth rose to 92.9% (+134.0pp vs the prior quarter).
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for HMR from the sources we follow. See filings →
We value Heidmar Maritime Holdings Corp. as an operating company, with every model that fits that kind of business. Cost of equity 8.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.84 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | ~$6.3 ~$5.3–$7.5 | Left out: far from the other models (more than 3x away from their median) |
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: no positive earnings in the latest twelve months |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$0.4 ~$0.3–$0.5 | Included |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$0.4 ~$0.4–$0.5 | Included |
| Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. | ~$0.1 ~$0.7–$2.3 | Left out: out of range vs price (0.08x) |
| Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$0.4 ~$0.4–$0.4 | 2 models |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Heidmar Maritime Holdings Corp. with Marine Transportation in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
| At fiscal year end | 2025 |
|---|---|
| Share price | $0.78 |
| Market value | $46m |
| + Net debt (− = net cash) | −$19m |
| Enterprise value | $27m |
| Multiples | |
| Price / sales | 0.8x |
| Price / earnings | — |
| Price / free cash flow | 3.5x |
| EV / EBITDA | — |
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Next results: November 5, 2026, before the open. Analysts expect revenue of $22m and EPS of $0.04 (range $0.04 to $0.04) for the quarter.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $0.20 | +4900% | $94m | +68% |
| Next | $0.25 | +25% | $94m | +1% |
Next year's EPS estimate has moved +56.2% in 90 days, across 1 analysts.
The consensus EPS forecast for the current fiscal year is −16.7% on 90 days ago. In the last 30 days, 0 analysts raised Heidmar Maritime Holdings Corp.'s forecast and 1 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $0.24 | $0.16 |
| 60 days ago | $0.24 | $0.16 |
| 30 days ago | $0.20 | $0.25 |
| 7 days ago | $0.20 | $0.25 |
| Now | $0.20 | $0.25 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.10 | $0.04 | −60.0% |
| Mar 2026 | $0.04 | $0.06 | +50.0% |
| Dec 2025 | $0.05 | −$0.06 | −220.0% |
| Sept 2025 | $0.01 | $0.03 | +500.0% |
Adjusted EPS as companies report it, against the average analyst estimate.
| Calendar year | 2026 to date |
|---|---|
| Return | |
| HMR | +84% |
| Industry peers (median) | +28% |
| S&P 500 | +11% |
| Months that ended higher | |
| HMR | 55% |
| S&P 500 | 46% |
| Largest fall from a high during the year | |
| HMR | −36% |
| S&P 500 | −9% |
Worst fall since February 20, 2025: 87% from February 20, 2025 to December 29, 2025. Getting back needed a 675% gain, and the shares have not yet recovered.
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Revenue (TTM) |
|---|---|
| FY22 Q4 | $30.1M |
| FY23 Q4 | $49.1M |
| FY24 Q4 | $28.9M |
| FY25 Q4 | $55.9M |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Operating margin (TTM) |
|---|---|
| FY22 Q4 | 56.3% |
| FY23 Q4 | 40.0% |
| FY24 Q4 | 14.1% |
| FY25 Q4 | -8.7% |
| Fiscal year | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|---|---|
| Income | ||||
| Revenue | 30 | 49 | 29 | 56 |
| EBITDA | 17 | 20 | 4 | −5 |
| Operating income | 17 | 20 | 4 | −5 |
| Net income | 16 | 20 | 2 | −23 |
| Diluted EPS | $168551.55 | $0.34 | $0.03 | −$0.39 |
| Growth (year on year) | ||||
| Revenue | — | +63.3% | −41.0% | +92.9% |
| EBITDA | — | +16.0% | −79.0% | −216.9% |
| Operating income | — | +16.1% | −79.2% | −219.2% |
| Net income | — | +20.8% | −90.2% | <−999% |
| Diluted EPS | — | −100.0% | −91.2% | <−999% |
| Margins | ||||
| EBITDA margin | 56.3% | 40.0% | 14.3% | −8.6% |
| Operating margin | 56.3% | 40.0% | 14.1% | −8.7% |
| Net margin | 53.8% | 39.8% | 6.6% | −40.4% |
| Free-cash-flow margin | — | 24.5% | 22.4% | 23.6% |
| Cash flow | ||||
| Cash from operations | 15 | 12 | 7 | 13 |
| Capital spending | — | 0 | 0 | 0 |
| Free cash flow | — | 12 | 6 | 13 |
| Stock-based pay | — | — | — | 5 |
| Free cash flow after stock pay | — | — | — | 8 |
| Balance sheet | ||||
| Cash | 25 | 19 | 20 | 19 |
| Total debt | 0 | 0 | 0 | 0 |
| Net debt (negative = net cash) | −25 | −19 | −20 | −19 |
| Diluted shares | — | 57m | 57m | 58m |
| Returned to shareholders | ||||
| Dividends | — | 25 | — | 8 |
| Total returned | — | 25 | — | 8 |
| Last 12 months unless stated | HMR | GLBS | PXS | TOPS | CTRM | USEA | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $56m | $44m | $39m | $80m | $82m | $38m | $329m |
| Revenue growth, last 12 months | 92.9% | 26.8% | −24.3% | 43.1% | 23.5% | −16.8% | 0.8% |
| Operating margin | −8.7% | 10.2% | 15.2% | 32.7% | −22.5% | −1.2% | 18.6% |
| Operating margin, 3-year average | — | 7.6% | −8.8% | −6.0% | — | — | 13.1% |
| Net margin | −40.4% | −4.0% | 5.1% | 3.8% | 23.6% | −16.4% | 13.3% |
| Cash from operations / revenue | 23.6% | 25.7% | 34.9% | 32.9% | 12.3% | 5.9% | 33.1% |
| Free-cash-flow margin | 23.6% | 25.7% | 15.5% | 21.3% | 12.0% | 4.1% | 14.2% |
| Free-cash-flow margin, 3-year average | — | −29.6% | — | −11.1% | — | — | 9.4% |
| Stock pay / revenue | 8.9% | 0.0% | 0.7% | −0.0% | 0.3% | 1.3% | 0.7% |
| Change in share count | 2.0% | 0.5% | −1.0% | 0.0% | 38.5% | 1.8% | 0.5% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 92.9% | 0.8% | 2 of 40 |
| Change in growth rate Growth | +134.0pp | +0.7pp | 1 of 40 |
| Operating margin Profitability | -8.7% | 19.8% | 36 of 40 |
| Net margin Profitability | -40.4% | 13.4% | 41 of 42 |
| Free-cash-flow margin Cash generation | 23.6% | 13.6% | 11 of 41 |
| Stock pay as % of revenue Cash generation | 8.9% | 0.9% | 32 of 34 |
| Change in share count Balance sheet | 2.0% | 0.5% | 27 of 39 |
| Days sales outstanding Balance sheet | 8 days | 19 days | 7 of 33 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Renaissance Technologies LLC | $76,032 | 59K | 30.8% | New |
| Geode Capital Management, LLC | $56,902 | 44K | 23.1% | ▲ 21.4% |
| Jane Street Group, LLC | $33,182 | 26K | 13.4% | New |
| Kestra Private Wealth Services, LLC | $26,650 | 21K | 10.8% | ▼ 7.1% |
| Ground Swell Capital, LLC | $18,080 | 14K | 7.3% | New |
| HRT Financial LP | $15,000 | 12K | 6.1% | New |
| Third View Private Wealth, LLC | $12,800 | 10K | 5.2% | 0.0% |
| UBS Group AG | $6,057 | 5K | 2.5% | ▲ 488.6% |
| Morgan Stanley | $2,081 | 2K | 0.8% | New |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Heidmar Maritime Holdings Corp.'s complete shareholder register. Values are as reported by the filers .
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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