United Maritime Corporation (USEA) Key Metrics
USEA valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $24.0M
- Enterprise value
- $111.6M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 0.7 10-yr median 0.5
- Price / book
- 0.6 10-yr median 0.3
- EV / EBITDA
- 38.1 10-yr median 6.8
- Dividend yield
- 15.87% $0.40 a year
- Beta
- 0.74
USEA key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsUSEA valuation Price multiples at each fiscal year-end price.
USEA returns How much profit the business earns on the capital it uses.
USEA per-share figures Results divided by the shares outstanding at year-end.
USEA financial health Debt, liquidity and how easily interest is covered.
USEA efficiency & capital use Working capital cycle and where the cash goes.
USEA valuation history
USEA returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
USEA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
USEA cash returned to shareholders
USEA price vs earnings per share
USEA key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $15.1M | $15.1M | $20.6M | $32.1M | — | — | — |
| Enterprise value | $65.7M | $106.4M | $102.8M | $20.0M | — | — | — |
| P/E ratio | — | — | 93.4 | 0.9 | — | — | — |
| Price / sales | 0.4 | 0.3 | 0.6 | 1.4 | — | — | — |
| Price / book | 0.3 | 0.3 | 0.3 | 0.5 | — | — | — |
| Price / free cash flow | 10.4 | 5.0 | — | — | — | — | — |
| Price / operating cash flow | 6.8 | 4.6 | — | 4.8 | — | — | — |
| EV / sales | 1.7 | 2.3 | 2.9 | 0.9 | — | — | — |
| EV / EBITDA | 6.0 | 7.6 | 23.6 | 0.5 | — | — | — |
| EV / free cash flow | 45.2 | 35.3 | — | — | — | — | — |
| Earnings yield | −41.1% | −22.4% | 1.1% | 116.7% | — | — | — |
| Free cash flow yield | 9.7% | 20.0% | −426.1% | −270.2% | — | — | — |
| Dividend yield | 7.4% | 17.5% | 45.4% | 0.8% | — | — | — |
| Shareholder yield (dividends + buybacks) | 8.8% | 20.6% | 48.6% | 52.1% | — | — | — |
| Share price at fiscal year-end | $1.70 | $1.73 | $2.47 | $4.40 | — | — | — |
| Per share | |||||||
| Revenue per share | $4.26 | $5.22 | $4.31 | $3.12 | $0.60 | $0.34 | $0.56 |
| Earnings per share | −$0.70 | −$0.39 | $0.03 | $5.14 | $0.18 | $0.09 | −$0.02 |
| Operating cash flow per share | $0.25 | $0.37 | −$0.75 | $0.92 | $0.30 | −$0.04 | $0.05 |
| Free cash flow per share | $0.16 | $0.35 | −$10.52 | −$11.89 | $0.29 | −$0.04 | $0.05 |
| Cash per share | $1.60 | $0.74 | $1.65 | $7.50 | $0.06 | $0.03 | — |
| Book value per share | $5.97 | $6.90 | $7.88 | $8.85 | $0.57 | $0.59 | — |
| Tangible book value per share | $5.97 | $6.90 | $7.88 | $8.85 | $0.57 | $0.59 | — |
| Dividends per share | $0.13 | $0.30 | $1.12 | $0.03 | — | — | — |
| Capex per share | $0.09 | $0.03 | $9.78 | $12.81 | $0.00 | $0.00 | $0.00 |
| Debt per share | $7.31 | $11.22 | $11.48 | $5.84 | $0.44 | $0.49 | — |
| Shares outstanding | 8.9M | 8.7M | 8.4M | 7.3M | 12.3M | 12.3M | 12.3M |
| Change in shares outstanding | +1.8% | +4.2% | +14.5% | −40.7% | 0.0% | 0.0% | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | −11.0% | −5.4% | 0.3% | 104.7% | 30.2% | 14.9% | — |
| Return on invested capital (ROIC) | −0.1% | 2.5% | 3.5% | 126.4% | 16.9% | 1.2% | — |
| Return on assets (ROA) | −4.0% | −2.0% | 0.1% | 53.9% | 15.9% | 7.8% | — |
| Return on tangible assets | −4.5% | −2.0% | 0.1% | 29.8% | 16.2% | 7.8% | — |
| Free cash flow margin | 3.9% | 6.6% | −243.9% | −380.9% | 48.7% | −11.0% | 8.9% |
| Income quality (OCF / net income) | — | — | −28.18 | 0.18 | 1.69 | −0.41 | — |
| Financial health | |||||||
| Total debt | $64.8M | $97.7M | $96.0M | $42.6M | $5.4M | $6.1M | — |
| Cash & short-term investments | $14.2M | $6.4M | $13.8M | $54.7M | $765,484 | $406,008 | — |
| Net debt | $50.7M | $91.3M | $82.2M | −$12.1M | $4.6M | $5.7M | — |
| Debt / equity | 1.23 | 1.63 | 1.46 | 0.66 | 0.76 | 0.83 | — |
| Debt / assets | 0.47 | 0.57 | 0.55 | 0.34 | 0.40 | 0.44 | — |
| Net debt / EBITDA | 4.60 | 6.55 | 18.87 | −0.29 | 1.30 | 2.32 | — |
| Current ratio | 0.68 | 0.73 | 0.36 | 2.37 | 0.48 | 0.44 | — |
| Quick ratio | 0.67 | 0.71 | 0.35 | 2.37 | 0.43 | 0.39 | — |
| Interest coverage | -0.0 | 0.6 | 1.0 | 16.5 | 3.9 | 0.4 | 0.7 |
| Working capital | −$15.6M | −$9.0M | −$34.0M | $34.6M | −$1.1M | −$645,677 | — |
| Invested capital | $103.6M | $151.4M | $148.0M | $52.4M | $11.7M | $13.0M | — |
| Tangible asset value | $56.5M | $60.1M | $65.9M | $64.6M | $7.0M | $7.3M | — |
| Net current asset value | −$49.1M | −$87.5M | −$89.8M | −$1.3M | −$5.4M | −$6.1M | — |
| Graham number | — | — | $2.16 | $31.97 | $1.51 | $1.09 | — |
| Graham net-net per share | −$7.50 | −$11.96 | −$11.31 | −$0.78 | −$0.45 | −$0.50 | — |
| Capital allocation | |||||||
| Dividends paid | $1.1M | $2.6M | $9.4M | $243,000 | — | — | — |
| Share buybacks (net) | $204,000 | $469,000 | $673,000 | $16.5M | $2.4M | — | — |
| Dividend payout ratio | — | — | — | 0.6% | — | — | — |
| Dividends + buybacks / free cash flow | 90.9% | 103.2% | — | — | 67.8% | — | — |
| Capex / revenue | 2.0% | 0.5% | 226.7% | 410.5% | 0.8% | 0.3% | 0.1% |
| Capex / operating cash flow | 34.2% | 7.6% | — | 1,388.2% | 1.5% | — | 1.7% |
| Capex / depreciation | 0.07 | 0.03 | 9.01 | 49.14 | 0.07 | 0.01 | 0.01 |
| Stock-based compensation / revenue | 1.3% | 1.7% | 7.0% | 12.2% | — | — | — |
| SG&A / revenue | 11.4% | 13.8% | 22.1% | 24.2% | 8.3% | 7.3% | 4.6% |
| Efficiency | |||||||
| Days sales outstanding | 15.7 | 7.4 | 5.9 | 6.8 | 1.7 | 0.0 | — |
| Days of inventory on hand | 5.9 | 11.1 | 4.3 | 3.1 | 7.9 | 6.2 | — |
| Days payables outstanding | 24.5 | 43.5 | 35.2 | 48.7 | 20.0 | 13.6 | — |
| Cash conversion cycle (days) | -2.9 | -25.0 | -25.0 | -38.8 | -10.4 | -7.4 | — |
| Receivables turnover | 23.30 | 49.63 | 61.50 | 53.67 | 211.29 | — | — |
| Payables turnover | 14.92 | 8.39 | 10.37 | 7.50 | 18.23 | 26.91 | — |
| Inventory turnover | 62.26 | 32.75 | 85.11 | 119.49 | 45.93 | 58.79 | — |
| Asset turnover | 0.24 | 0.26 | 0.24 | 0.33 | 0.54 | 0.30 | — |
| Average receivables | $1.6M | $915,500 | $586,500 | $424,500 | $35,000 | $0 | — |
| Average payables | $2.1M | $2.6M | $3.2M | $1.6M | $193,358 | $118,288 | — |
| Average inventory | $506,500 | $657,000 | $385,500 | $103,162 | $76,730 | $54,135 | — |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
Computed from USEA's annual financial statements (latest annual report filed April 8, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
USEA valuation and financial ratios
United Maritime earned a return on equity of −11.0% and a return on invested capital of −0.1% in fiscal 2025. It ended the year with $64.8 million of debt and $14.2 million in cash and short-term investments, net debt of $50.7 million. It returned $1.3 million to shareholders: $1.1 million in dividends and $0.2 million in share buybacks, 91% of free cash flow. The share count fell 28.0% from 12.3M to 8.9M over 6 years.
See the USEA income statement, the USEA chart for price history, or the USEA stock overview for the latest quote and news.
USEA key metrics FAQ
What is United Maritime's EV/EBITDA?
United Maritime's enterprise value was 6.0 times EBITDA at the end of fiscal 2025 (enterprise value $65.7 million, EBITDA $11.0 million); the current EV/EBITDA is 38.1.
What is United Maritime's return on equity?
United Maritime's return on equity (ROE) was −11.0% in fiscal 2025: net income of -$6.2 million on average shareholders' equity of $56.5 million.
What is United Maritime's ROIC?
United Maritime's return on invested capital was −0.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does United Maritime have?
United Maritime had total debt of $64.8 million at the end of fiscal 2025, a debt-to-equity ratio of 1.23 and $50.7 million of net debt (4.60 times EBITDA).
What is United Maritime's dividend yield?
United Maritime's forward dividend yield is 15.87%. United Maritime paid $1.1 million in dividends in fiscal 2025 ($0.13 per share), a payout ratio of —.
Does United Maritime buy back its shares?
Yes. United Maritime spent $0.2 million on net share repurchases in fiscal 2025 Shares outstanding changed +1.8% over the year, to 8.9M..
What is United Maritime's free cash flow yield?
United Maritime generated $1.5 million of free cash flow in fiscal 2025, a free cash flow yield of 9.7% on its market value at year-end ($15.1 million).
What is United Maritime's current ratio?
United Maritime's current ratio was 0.68 at the end of fiscal 2025: current assets were 0.68 times current liabilities.