Forensic Analysis · Hospitality & Leisure · as of Sep 24, 2026
Seaport Entertainment Group Inc. (SEG)
A forensic read on Seaport Entertainment Group Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Clean
Earnings quality
3
Forensic signals
-2.5
P / E (ttm)
-25.6%
ROE
$305M
Market cap
0.00%
Dividend yield
18.3%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Seaport Entertainment Group Inc. earns a D (Weak — demands caution) forensic quality grade. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-22.4%
FY2025
Return on invested capital.Return on invested capital is -22.4% in the latest fiscal year, against -16% in FY2024. The capital base behind it came down -16% across FY2024–FY2025, from $497M to $417M, so this is a return struck on a smaller base rather than a record of money put to work.
+39.6%/yr
FY2024–FY2025
Share-count dilution.Diluted share count changed +40% over the last 1 year to FY2025 (+39.6%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~39.6% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2024 has been diluted ~28%.
12% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 12% of revenue in FY2025 — about $1.19 per diluted share. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 39.6% a year, above the level at which the count is a material claim on a stake, and only one year's change is on file — enough to state what a holder gave up, not enough to say whether the rate is climbing or coming down. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.
Key fundamentals
Latest Revenue$130.4M
Revenue Growth YoY+18.3%
Net Margin-89.5%
Return on Equity-25.6%
Debt / Equity0.08x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Seaport Entertainment Group Inc.'s actual 10-K/10-Q/8-K filings?