Our primary business is marine transportation services in support of the upstream oil and gas industry. Since entering the market in 1990, we have steadily evolved into a global, growth-oriented marine services provider known for our technologically advanced fleet and quality performance. We have earned a reputation for consistent performance, safe operations and a dedication to exceptional service. With a commitment to meeting the needs of our clients in the ever-changing offshore environment, we have grown rapidly through the continuous expansion and modernization of our fleet. Newly constructed vessels added since 2005, represent more than 60%. We continue to add a diverse mix of highly capable vessels whilst selling older, non-strategic assets, and remain one of the youngest global fleets in the industry. Starting with a strong position in the North Sea, where we are the largest operator of Platform Supply Vessels, we have built a balanced global footprint in major energy-producing regions. We now operate significant fleets in the high-growth markets of Southeast Asia and in the Americas, including the high-potential deepwater basins offshore Brazil and the Gulf of Mexico. Our fleet includes 72 offshore vessels in various markets throughout the world.
Houston, US
Size (employees)
1,100 (est)
GulfMark was founded in 1996 and is headquartered in Houston, US

GulfMark Office Locations

GulfMark has an office in Houston
Houston, US (HQ)
400 842 West Sam Houston Pkwy N

GulfMark Metrics

GulfMark Financial Metrics

Revenue (2016)

$123.7 m

Net income (2016)

($203 m)

Market capitalization (21-Mar-2017)

$10.3 m

Closing share price (21-Mar-2017)


Cash (31-Dec-2016)

$8.8 m
GulfMark's current market capitalization is $10.3 m.
GulfMark's revenue was reported to be $123.7 m in 2016 which is a 75% decrease from the previous period.
Y, 2013Y, 2014Y, 2016


$454.6 m$495.8 m$123.7 m

Revenue growth, %


Operating expense total

$354.1 m$394.1 m$355 m


$100.5 m$101.7 m($231.3 m)

EBIT margin, %


Interest expense

$23.8 m$29.3 m$33.5 m

Interest income

$202 k$307 k$133 k

Pre tax profit

$75.6 m$71.6 m($242.4 m)

Income tax expense

($5 m)($9.3 m)$39.5 m

Net Income

$70.6 m$62.4 m($203 m)
FY, 2013FY, 2014FY, 2015FY, 2016


$60.6 m$50.8 m$21.9 m$8.8 m

Accounts Receivable


$18.1 m$17.8 m$16.6 m$7.5 m

Current Assets

$190.1 m$166.7 m$87 m$52.9 m


$30.7 m$25 m

Total Assets

$1.8 b$1.7 b$1.4 b$1.1 b

Accounts Payable

$27.2 m$22.5 m$13.2 m$11.7 m

Current Liabilities

$73.5 m$67.4 m$47.5 m$525.2 m

Additional Paid-in Capital

$402.3 m$410.6 m$417.3 m$412 m

Retained Earnings

$623.2 m$659.4 m$444.2 m$241.2 m

Total Equity

$1.1 b$968.8 m$698.3 m$449.6 m

Financial Leverage

1.7 x1.8 x2 x2.3 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$70.6 m$62.4 m($215.2 m)($203 m)

Depreciation and Amortization

$64 m$75.3 m$72.6 m$58.2 m

Accounts Receivable

($18 m)$5.7 m$47.3 m$15.1 m


Accounts Payable

($1.7 m)($3.9 m)($8.6 m)($593 k)

Cash From Operating Activities

$126.7 m$153.8 m$43.4 m($23.3 m)

Cash From Investing Activities

($210.1 m)($121.1 m)($22.8 m)($9.7 m)

Interest Paid

$21.5 m$27.1 m$29.8 m$30.8 m

GulfMark Market Value History

GulfMark Company Life

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