Odyssey Marine Exploration Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Odyssey Marine Exploration Inc (OMEX) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Odyssey Marine Exploration Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 0M vs 0M combined for tracked competitors (98.5% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+69.2% annualized vs trailing 12 months).
- Scale: Odyssey Marine Exploration Inc ranks #18 of 20 companies by market capitalization in the Cruise and Shipping industry, holding 0.0% of industry market cap.
- Peer revenue share: Odyssey Marine Exploration Inc accounted for 100.0% of combined revenue among its tracked peer group, up from 100.0% a year earlier.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
OMEX Sales vs. its Competitors, Q2 2026
Odyssey Marine Exploration Inc generated 100.00 % of the combined sales of its peer group, up from 100.00 % a year earlier.
Odyssey Marine Exploration Inc vs. its Competitors, Q2 2026
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Odyssey Marine Exploration Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Odyssey Marine Exploration Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (3) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Odyssey Marine Exploration Inc's competitor groups requires a Commercial License.
For context: the Cruise and Shipping industry grew revenue 9.4% year over year, combined, vs -42.3% for Odyssey Marine Exploration Inc. Odyssey Marine Exploration Inc's share of combined industry revenue moved from 0.00% to 0.00%, a gain of 0.00 percentage points.
Odyssey Marine Exploration Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Odyssey Marine Exploration Inc | No | No | No | Yes |
| Competitors combined (1) | - | - | - | |
| Similar-Size Competitors (5) | ||||
| Similar Growth & Profitability (8) | 62.50 % (5 of 8) | 37.50 % (3 of 8) | 37.50 % (3 of 8) | 25.00 % (2 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
OMEX Stock Performance relative to its Competitors
OMEX Stock Performance relative to High-Confidence Competitors
OMEX Stock Performance relative to Similar-Size Competitors
OMEX Stock Performance relative to Similar Growth & Profitability Competitors
Odyssey Marine Exploration Inc's Comment on Competition and Industry Peers
Odyssey mineral exploration is conducted on both shallow and deep sea terrains.
There are a number of companies that publicly identify themselves as engaged
in aspects of deep-ocean mineral exploration or mining including Nautilus Minerals
(NUS.TO), Neptune Minerals, and Chatham Rock Phosphate (CRP.NZ) as well as countries
that are exploring options to utilize deep-ocean mineralized materials. As our
mineral exploration business plan includes partnering with others in the industry,
we view these entities as potential partners rather than pure competitors. As
mineral rights are generally granted on an exclusive basis for a specific area
or tenement, once licenses are granted we do not anticipate any competitive
intrusion on those areas. It is possible that one of these companies or some
currently unknown group may secure licenses on an area desired by Odyssey or
one of our partners; but since exploration work does not start until licenses
are secured, we do not believe that competition from one or more of these entities,
known or unknown, would materially affect our operating plan or alter our current
business strategy.
Publicly Traded Peers of Odyssey Marine Exploration Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Odyssey Marine Exploration Inc | 40.19 | 0.18 |
| Seafarer Exploration Corp | 21.80 | 0.00 |
| SUBTOTAL | 61.99 | 0.19 |
Sources: Odyssey Marine Exploration Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Odyssey Marine Exploration Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Odyssey Marine Exploration Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| OML | Named by the company | 85% |
| Deep Sea Mining Finance Limited | Named by the company | 85% |
| The Metals Company | Named by the company | 85% |
| Global Sea Mineral Resources | Named by the company | 85% |
| Chatham Rock Phosphate, Ltd. | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Odyssey Marine Exploration Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Odyssey Marine Exploration Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Odyssey Marine Exploration Inc | 40 | 15,336 | -3,347,222 |
| Seafarer Exploration Corp | 22 | - | - |
| PEERS TOTAL | 22 | - | - |
Odyssey Marine Exploration Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 19 companies in Odyssey Marine Exploration Inc's industry classification, broader than the peer set above. Market cap in millions of $.Odyssey Marine Exploration Inc ranks #18 of 19 companies by market capitalization in its industry, holding 0.02 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 2,086, indicating a moderately concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Royal Caribbean Cruises Ltd | 65,014 | 36.34 % |
| 2 | Viking Holdings Ltd | 35,401 | 19.79 % |
| 3 | Carnival Corporation | 30,730 | 17.18 % |
| 4 | Kirby Corporation | 7,066 | 3.95 % |
| 5 | Matson inc | 1,234 | 5.2% |
| 6 | Norwegian Cruise Line Holdings ltd | 1,234 | 5.2% |
| 7 | International Seaways Inc | 1,234 | 5.2% |
| 8 | Golar Lng Limited | 1,234 | 5.2% |
| 9 | Golden Ocean Group Limited | 1,234 | 5.2% |
| 10 | Tidewater Inc | 1,234 | 5.2% |
| 18 | Odyssey Marine Exploration Inc | 40 | 0.02 % |
Market cap and industry share for the rest of Odyssey Marine Exploration Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Odyssey Marine Exploration Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 13 | Nordic American Tankers Ltd | 1,650 | 143.30 % |
| 14 | Costamare Bulkers Holdings Limited | 361 | 74.53 % |
| 15 | Knot Offshore Partners Lp | 356 | 12.08 % |
| 16 | Eurodry Ltd | 1,234 | 12.3% |
| 17 | Dynagas Lng Partners Lp | 1,234 | 12.3% |
| 18 | Odyssey Marine Exploration Inc | 40 | -66.18 % |
| 19 | United Maritime Corp | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Odyssey Marine Exploration Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Odyssey Marine Exploration Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Cruise and Shipping industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (18 companies). See the full Cruise and Shipping industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 47.32 % (avg) | - |
| Operating Margin | -11,372.77 % | industry median | -11,388.5 pp |
| EBITDA Margin | -21,226.85 % | 37.55 % (avg) | -21,264.4 pp |
| Capital Intensity (Capex / Revenue) | 0.00 % | 15.60 % (avg) | -15.6 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Odyssey Marine Exploration Inc's Valuation vs Competitive Position
Valuation multiples vs the Cruise and Shipping industry average (18 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Cruise and Shipping industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 24.6x | - |
| EV / EBITDA | - | 15.4x | - |
| P/B | -0.7x | 4.0x | -4.7x |
| Return on Equity | 51.89 % | industry aggregate | 22.70 % |
| Return on Invested Capital | 17.83 % | 5.60 % (avg) | 12.23 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Odyssey Marine Exploration Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 162.38 % | -6.19 % | -35.66 % | -54.34 % | 44.88 % | -118.83 % | -4.37 % | -53.99 % |
| Operating Margin | -185.22 % | -336.70 % | -562.54 % | -1,622.94 % | -1,276.99 % | -1,304.45 % | -1,561.76 % | -3,797.63 % |
| Return on Invested Capital | 6.44 % | 9.08 % | 8.81 % | 10.28 % | 10.66 % | -2.17 % | 7.76 % | 10.15 % |
| P/E | - | - | - | - | - | 2.8x | 0.9x | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Odyssey Marine Exploration Inc's Strategic Group Map
Every company in Odyssey Marine Exploration Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Odyssey Marine Exploration Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Odyssey Marine Exploration Inc's BCG Growth-Share Matrix
Relative market share (vs Odyssey Marine Exploration Inc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Odyssey Marine Exploration Inc falls in the Dog quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue -0.2% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution. A caveat worth reading alongside this chart: Royal Caribbean Cruises Ltd alone holds 36% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
Odyssey Marine Exploration Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 2,086 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.00 % vs industry average 15.60 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Odyssey Marine Exploration Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Odyssey Marine Exploration Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Odyssey Marine Exploration Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Odyssey Marine Exploration Inc falls in the Medium attractiveness / Low strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Odyssey Marine Exploration Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Return on equity 22.7 points above the industry aggregate.
- Latest-quarter revenue run-rate is accelerating (+69.2% annualized vs trailing 12 months).
Weaknesses
- Operating margin 11,388.5 points below the industry median.
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.00x).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- A meaningful share of tracked competitors (100.00 %) show financial-distress signals, a possible opening to gain share.
Threats
- Industry dominated by Royal Caribbean Cruises Ltd, holding 36.34 % of industry market cap.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Odyssey Marine Exploration Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Odyssey Marine Exploration Inc | 0.20 | 0.24 | - |
| Seafarer Exploration Corp | 0.01 | 0.01 | - |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Odyssey Marine Exploration Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Odyssey Marine Exploration Inc | Q2 2026 | -42.3 % | - |
| Seafarer Exploration Corp | Q2 2026 | - | - |
| PEERS TOTAL | -42.3 % | - |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Odyssey Marine Exploration Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Odyssey Marine Exploration Inc | Q2 2026 | - | - |
| Seafarer Exploration Corp | Q2 2026 | - | - |
Odyssey Marine Exploration Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Odyssey Marine Exploration Inc | - | - | - |
| Seafarer Exploration Corp | - | - | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Odyssey Marine Exploration Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Odyssey Marine Exploration Inc | - | 218.36 |
| Seafarer Exploration Corp | - | 7,712.56 |
| PEERS AVERAGE | - | 331.74 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.