HMH Holding Inc. (HMH) AI Stock Analysis

HMH Holding Inc. provides offshore and onshore oil and gas drilling equipment, systems, and services in the United States and Norway. The company sells projects and products such as drilling equipment packages for newbuild or reactivated rigs, as well as pressure control and topside equipment. Its pressure control portfolio includes blowout preventers, control systems, drilling risers, and wellhead connectors, while topside systems include hoisting, rotating, and drilling circulating equipment. HMH also delivers aftermarket replacement parts, transactional services, and integrated digital solutions to drilling contractors, operators, shipyards, capital equipment manufacturers, and the onshore and subsea mining industry.

HMH grew revenue from $677.2M in FY2022 to $843.4M in FY2024 before revenue declined 2.6% to $821.8M in FY2025, recording a 3-year revenue CAGR of 6.7%. Net income improved from -$26.6M in FY2022 to $51.2M in FY2024, followed by $45.5M in FY2025 with a 5.5% net margin. For the trailing twelve months ended June 30, 2026, revenue stood at $762.0M with a profit margin of 5.1% and an operating margin of 0.1%. In the latest quarter ended June 30, 2026, quarterly revenue fell 16.0% year-over-year.

As of June 30, 2026, HMH held $119.7M in cash and short-term investments alongside $245.0M in total debt, resulting in net debt of $125.3M. Shareholders' equity was $210.3M against total assets of $1.36B, reflecting a debt-to-equity ratio of 1.17 and a current ratio of 2.97. In FY2025, the company generated $88.3M in operating cash flow and allocated $17.0M toward capital expenditures, producing free cash flow of $71.3M.

At a last close of $17.27 on October 16, 2026, HMH carried a market capitalization of $206.3M and an enterprise value of $349.1M. The stock traded at a trailing P/E of 25.4x, above the 15.0x median of its US-listed Energy peers. Its EV/EBITDA stood at 3.0x compared to the peer median of 8.0x, while its price-to-sales multiple was 0.3x versus the peer median of 1.8x. Over the past year, the S&P 500 (SPY) returned 16.8%, while HMH traded between a 52-week low of $16.32 and a 52-week high of $24.50.

Wall Street coverage on HMH includes 5 Strong Buy ratings, 2 Buy ratings, and 0 Hold or Sell ratings. The mean price target of $28.71 represents a 66.3% premium over the last close of $17.27. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $796.8M and EPS of $1.14. For the following fiscal year, 5 analysts project revenue of $946.8M and EPS of $2.17. The next earnings report is scheduled for November 4, 2026.

This page is an AI-written research summary of HMH Holding Inc. (HMH). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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