Odyssey Marine Exploration Inc. (OMEX) intrinsic value & 10-year financials
Odyssey Marine Exploration Inc. (OMEX) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 24.9% a year to $353.7K, with an average return on invested capital of 43.2%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $0.64
- Market cap
- $25.1M
- Revenue (FY2025)
- $353.7K
- Revenue growth (10-yr CAGR)
- -24.9%
- ROIC (10-yr avg)
- 43.2%
- Free cash flow (FY2025)
- -$8.9M
OMEX 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $353.7K | -$43.1M | -$1.10 | -$8.9M | -3797.1% | 49.8% |
| FY2024 | $768.7K | $15.7M | $0.07 | $558.0K | -1561.8% | 32.9% |
| FY2023 | $803.8K | $5.3M | $0.27 | -$11.5M | -1286.1% | 29.5% |
| FY2022 | $1.3M | -$23.1M | -$1.34 | -$10.6M | -1277.0% | 55.3% |
| FY2021 | $921.2K | -$10.0M | -$0.75 | -$5.3M | -1622.9% | 48.8% |
| FY2020 | $2.0M | -$14.8M | -$1.41 | -$9.3M | -619.9% | 40.6% |
| FY2019 | $3.1M | -$10.4M | — | -$5.5M | -336.7% | 35.8% |
| FY2018 | $3.3M | -$5.2M | — | -$6.5M | -185.2% | 29.3% |
| FY2017 | $1.2M | -$7.8M | — | — | -669.4% | 45.1% |
| FY2016 | $4.7M | -$6.3M | — | -$8.4M | -225.3% | 64.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
ODYSSEY MARINE EXPLORATION INC is facing top-line stagnation, with revenue contracting over the decade.
ODYSSEY MARINE EXPLORATION INC has earned high returns on invested capital, averaging 43.2% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
ODYSSEY MARINE EXPLORATION INC capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, ODYSSEY MARINE EXPLORATION INC is modeled at -24.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-2.50 per share.