Friday 6 November 2026
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United Maritime Corporation
USEA Industrials Marine Shipping
United Maritime Corporation’s revenue for fiscal 2025 (year ended December 2025) was $37.8 million, down 16.8% from fiscal 2024.
- Revenue
- −19.9%
- EPS
- 0.00%
- Free cash flow
- +273.8%
- Total debt
- +38.9%
Quarter to June 2026, against a year earlier
2.37
0.07
−2.87%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | 7 | 4 | 7 | 23 | 36 | 45 | 38 | 35 | +32.8% | 39 | 37 | — | (1.7%) | |
| Gross margin, % | — | — | — | 70.20 | 52.14 | 68.81 | 77.27 | 43.61 | 56.55 | 58.57 | 62.79 | (11.6) pt | ||||||
| EBT | — | — | — | 0 | 1 | 2 | 37 | 0 | (3) | (6) | (2) | +68.1% | ||||||
| EBT margin, % | — | — | — | (4.00) | 26.46 | 29.35 | 164.55 | 0.61 | (7.45) | (16.45) | (4.75) | (12.4) pt | ||||||
| Net income | — | — | — | 0 | 1 | 2 | 37 | 0 | (3) | (6) | (6) | +68.1% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | 0.56 | 0.34 | 0.60 | 5.06 | 4.31 | 5.22 | 4.26 | 3.87 | +40.3% | |||||
| Earnings | — | — | — | (0.02) | 0.09 | 0.18 | 7.79 | 0.02 | (0.39) | (0.70) | (0.21) | +80.9% | ||||||
| Cash flow | — | — | — | 0.05 | (0.04) | 0.30 | 1.75 | (0.75) | 0.37 | 0.25 | 0.72 | +30.5% | ||||||
| Capex | — | — | — | 0.00 | 0.00 | 0.00 | 4.26 | (5.29) | 2.29 | 5.61 | 5.55 | n/m | ||||||
| Free cash flow | — | — | — | 0.05 | (0.04) | 0.29 | 6.01 | (6.04) | 2.67 | 5.86 | 6.27 | +121.5% | ||||||
| Book value | — | — | — | 0.00 | 0.59 | 0.57 | 14.34 | 7.88 | 6.90 | 6.37 | 5.80 | n/m | ||||||
| Shares, m | — | — | — | 12 | 12 | 12 | 5 | 8 | 9 | 9 | 9 | (5.3%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | 0.69 | 0.69 | 0.69 | 0.69 | 0.00 | 0.00 | 0.00 | 0.00 | 0.4 | |||||
| P/S | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.59 | 0.33 | 0.40 | 0.62 | 0.2 | ||||||
| P/B | — | — | — | 0.00 | 0.00 | 0.00 | 0.42 | 0.32 | 0.25 | 0.27 | 0.41 | 0.2 | ||||||
| EV/Sales | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 2.30 | 1.28 | 2.86 | 0.8 | ||||||
| EV/FCF | — | — | — | 1.74 | 1.74 | 1.74 | 0.50 | (0.77) | (4.97) | 0.99 | 1.76 | 0.1 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | 1 | 0 | 4 | 8 | (6) | 3 | 2 | 7 | +23.6% | |||||
| Capex | — | — | — | 0 | 0 | 0 | 19 | (44) | 20 | 50 | 51 | n/m | ||||||
| Free cash flow | — | — | — | 1 | 0 | 4 | 27 | (50) | 23 | 52 | 58 | +109.7% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | (1) | (1) | 35 | (34) | (9) | (16) | (1) | +89.0% | |||||
| Net debt | — | — | — | — | 6 | 5 | (12) | 51 | 89 | 33 | 79 | +42.5% | ||||||
| Shareholders’ equity | — | — | — | — | 7 | 7 | 65 | 66 | 60 | 56 | 53 | +50.5% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | 0.00 | 15.65 | 15.86 | 50.45 | 0.08 | (1.95) | (3.98) | (1.08) | (4.0) pt | |||||
| ROIC | — | — | — | 0.00 | 1.45 | 15.63 | 48.27 | 3.79 | 2.02 | (0.32) | 1.72 | (0.3) pt | ||||||
| ROE | — | — | — | 0.00 | 0.00 | 30.24 | 97.99 | 0.19 | (5.37) | (10.62) | (3.10) | (10.6) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 2 | 2 | 2 | 6 | 3 | — | +10.7% | |||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.00 | 3.70 | 11.39 | 18.03 | 7.57 | 12.60 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
United Maritime Corporation vs peers in Marine Shipping (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| GLBS Globus Maritime Limited | $54.4M | 7.7× | 5.3× | +53.18% (above 0%: growing) | n/m | +1,883.66% (above 0%: growing) | 66.15% | 37.93% | Compare |
| EHLD Euroholdings Ltd. | $32.4M | 3.4× | — | +194.98% (above 0%: growing) | +406.67% (above 0%: growing) | +182.44% (above 0%: growing) | 65.57% | 53.03% | Compare |
| NCT Intercont (Cayman) Limited | $26.3M | — | — | — | — | −642.19% (below 0%: shrinking) | — | — | Compare |
| PSHG Performance Shipping Inc. | $23.6M | 0.8× | 1.3× | +58.30% (above 0%: growing) | −66.09% (below 0%: shrinking) | −134.71% (below 0%: shrinking) | 71.42% | 44.82% | Compare |
| USEA United Maritime Corporation | $23.3M | — (loss-making) | 5.8× | −19.89% (below 0%: shrinking) | 0.00% | +273.83% (above 0%: growing) | 65.15% | 25.60% | |
| VNTG Vantage Corp | $13.6M | — | — | — | — | — | — | — | Compare |
| CTRM Castor Maritime Inc. | $12.4M | 0.1× | — | +42.50% (above 0%: growing) | +400.00% (above 0%: growing) | −344.84% (below 0%: shrinking) | 44.78% | 96.08% | Compare |
| HTCO Caravelle International Group | $12.1M | 0.1× | — | — | n/m | +3,267.49% (above 0%: growing) | — | 0.00% | Compare |
| UFG Uni-Fuels Holdings Limited | $10.2M | — | — | — | — | +62.98% (above 0%: growing) | — | — | Compare |
| Median of peers | $18.6M | 0.8× | — | +55.74% | +400.00% | +62.98% | 65.86% | 44.82% |