Seaport Entertainment Group

SEG

Travel Lodging · Consumer Cyclical

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Good

Cash Flow

Weak

Stability

Good

Valuation

Data not available

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Winston Score History

The full picture

Seaport Entertainment Group is a real estate and entertainment company that owns and operates a collection of venues, restaurants, and entertainment spaces in New York City's Seaport District. Its properties include live music venues, food and beverage outlets, and event spaces, with customers being tourists, local residents, and event-goers. The company was spun off from Howard Hughes Holdings in 2024, making it a newly independent publicly traded business focused on urban entertainment destinations.

The company earns money through a mix of venue admissions, food and beverage sales, retail leases, and event hosting fees — not a single clean revenue stream. It currently operates primarily in lower Manhattan, and with a market cap of roughly $300 million, it is a small company still building toward profitability. The negative margins across the board reflect heavy operating costs relative to revenue, and the key risk is whether the company can grow foot traffic and tenant occupancy fast enough to reach breakeven before it needs to raise additional capital.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-13.8% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+29.3% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

3.1%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~12 months

$135M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Adequate runway but may need to raise capital within 2 years

Revenue declining

Seaport Entertainment Group's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

13.0%

Thin — 13.0% gross margin

Profit after running costs

Operating Margin

-32.4%

Losing money on operations — -32.4%

Return on the money invested

ROCE

-21.5%

Weak — -21.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

+2.7%

Nearly flat sales (+2.7% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

7/8 quarters

Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-69.6%

Burning cash (-69.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.23

Conservative — low debt load (0.23)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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