Company Analysis

Seaport Entertainment Group Inc. (SEG)

NYSE: SEG · Services-Miscellaneous Amusement & Recreation · New York, NY · filing with the SEC since 2024
Grade3.9
◀ Past 2.1● Present 3.1▶ Future 6.7
1 est.

The grade of Seaport Entertainment Group Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.9/10
◀ Past2.130% of the headline
● Present3.140% of the headline
▶ Future6.730% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

2.1/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
0.9/10

Has it survived what it has been through?

2 warning events since 2024; the latest 2026-04-07.

weight 33% of this tense · 9th percentile among 22 sector filers · read for itself

From the record

Seaport Entertainment Group Inc.'s filings since 2024 show 2 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2025-06-24); an auditor change (8-K item 4.01, the latest 2026-04-07) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
2.7/10

What has it actually done, year after year?

+3.1% a year over 4 filed years; profitable in 0 of 4.

weight 45% of this tense · 27th percentile among 20 sector filers · read for its customers

From the record

Seaport Entertainment Group Inc.'s 4 filed years say what it did: revenue went from $119 million in fiscal 2022 to $130 million in fiscal 2025, up 3.1% a year; it rose in 1 of 3 years; the deepest fall was 7% from fiscal 2022 to fiscal 2024; net income was positive in 0 of 4 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span3.1%bottom 33% of its family
  • the share of years revenue rosebottom 15% of its family
  • the share of filed years with a profitbottom 8% of its family
  • the deepest fall from a revenue peak7.4%top 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
2.5/10

How has it treated the people who own it?

SI estimate 2.5/10, confidence 35 of 100 (one part).

weight 22% of this tense · 25th percentile among 20 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 25% of 20 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 20 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Seaport Entertainment Group Inc.'s shareholder treatment is put at 2.5 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 25% of 20 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.1/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
4.3/10

Is it financially healthy right now?

ROE -25%: lost 25¢ per shareholder dollar. Leverage 28%: owes 28¢ per asset dollar.

weight 33% of this tense · 43rd percentile among 19 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Seaport Entertainment Group Inc. lost about 25 cents for every dollar of shareholders' money. Leverage: it owed about 28 cents per dollar of assets, and net share issuance: its share count grew 39.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 12% of its family
  • return on equitybottom 16% of its family
  • the share count against the year beforebottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
2.2/10

How strong is its position in its industry?

bottom 22% of 20 in its family; net margin -89.5%.

weight 45% of this tense · 22nd percentile among 20 sector filers · read for its customers

From the record

Seaport Entertainment Group Inc.'s standing among 20 graded names in its industry family: revenue of $130 million in fiscal 2025 ranks in the bottom 21% by size; a net margin of -89.5% ranks in the bottom 13%; revenue growth of 3.1% a year over the last 3 filed years ranks in the bottom 33% (its annual reports).

What it rests on

  • revenue against the family$130Mbottom 21% of its family
  • net margin-89.5%bottom 13% of its family
  • three-year revenue growth3.1%bottom 33% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.4/10

What are the people in charge doing?

bottom 34% of 9 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 34th percentile among 9 sector filers · read for its shareholders

From the record

Seaport Entertainment Group Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Partridge, Matthew Morris (Chief Executive Officer, as filed), filing under that title since 2025-09-19, 1.1 years (bottom 28% of its family); most of the 8 officers and directors filing now have filed since the record of its people begins (2024-07-24), a floor of 2.3 years the record cannot see past, so that part is not read; 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 8 people in charge now (bottom 39%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge5 in three years among 8 peoplebottom 39% of its family
  • the chief executive's years on the record1.1 yearsbottom 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.7/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.6/10

How much room does it have to grow?

bottom 36% of 20 in its family for room to expand.

weight 22% of this tense · 36th percentile among 20 sector filers · read for itself

From the record

Seaport Entertainment Group Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $87 million against debt of $38 million leaves 7.5% of its assets as net cash, top 36% of its family; cash from operations less capital spending is -38.1% of revenue (bottom 8%) (its annual report).

What it rests on

  • cash less debt against assets7.5%top 36% of its family
  • cash from operations less capital spending against revenue-38.1%bottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.8/10

What could actually drive growth from here?

top 32% of 20 in its family for growth drivers.

weight 45% of this tense · 68th percentile among 20 sector filers · read for its customers

From the record

Seaport Entertainment Group Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 3.1% a year over the last three filed years against 3.1% over all 4, speeding up (top 32% of its family); the newest year grew 18.3% (top 32%) (its annual reports). Seaport Entertainment Group Inc. reported 4 product lines in fiscal 2025: Sponsorships Events and Entertainment at $59 million (45%), Hospitality at $52 million (40%), Rental at $18 million (14%), and 1 more; 3 of 4 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+0.0 points a yeartop 32% of its family
  • the newest year's revenue growth18.3%top 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
8.6/10

Did its newest year beat what its own record pointed to?

top 14% of 18 in its family for expectations against reality.

weight 33% of this tense · 86th percentile among 18 sector filers · read for its shareholders

From the record

Seaport Entertainment Group Inc.'s newest year against its own record: revenue of $130 million in fiscal 2025 came in 23% above the $106 million its prior three years' pace pointed to (top 8% of its family); net income of $117 million against a prior three-year average of $368 million (top 31%); a net margin of -89.5% against losses larger than its revenue before (top 3%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace23.0%top 8% of its family
  • net income against the prior three years' average+68%top 31% of its family
  • net margin against its prior averageup more than 100 pointstop 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton SEG · research, not advice