This paper presents a brief outline of dynamic stability of a damaged ship at final stage of flooding in rough beam wind and waves. One degree-of-freedom, roll equation is adopted with effects of flooding water and external forces due to wind and waves, but without effect of sloshing. We discuss the dynamic stability of the damaged ship in terms of capsizing probability based on risk analysis, the method of which was firstly proposed by Umeda et al.[6] to high speed craft in intact condition. As a result, we can evaluate the dynamic stability of the damaged ship in probabilistic manner according to sea state, operating condition and damage situation.