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SE · NYSE · United States · Services-Miscellaneous Business Services
In shortSea Ltd is profitable, generates cash and holds more cash than debt, with revenue growing (+36.4% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 8.7% | 46/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 6.9% | 48/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 15.1% | 76/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 10.4% | 70/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.58× | 65/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.08× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 59.07× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 2.42 | 34/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 19.7% | 99/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 2.86× | 100/100 |
| Years with positive free cash flow (last 5) | 3 of 5 | 50/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 5 | 60/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 47.8% | 0/100 |
| Operating margin volatility | 10.6% | 12/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 22.6% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 9,955 | 12,450 | 13,064 | 16,820 | 22,938 |
| Cost of revenue | 6,059 | 7,264 | 7,230 | 9,615 | 12,695 |
| Gross profit | 3,896 | 5,185 | 5,834 | 7,205 | 10,244 |
| Research & development | 832 | 1,377 | 1,164 | 1,206 | 1,157 |
| Operating income | (1,583) | (1,488) | 225 | 662 | 1,985 |
| Interest expense | 137 | 45 | 41 | 38 | 34 |
| Pre-tax income | (1,715) | (1,501) | 432 | 779 | 2,281 |
| Income tax | 333 | 168 | 263 | 321 | 651 |
| Net income | (2,047) | (1,651) | 151 | 444 | 1,578 |
| Diluted EPS | −$3.84 | −$2.96 | $0.25 | $0.74 | $2.52 |
| Diluted shares (millions) | 533 | 558 | 594 | 605 | 638 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
2.42 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
8/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Apr 17, 2026