Costamare

US · CMRE #2847 by market cap Listed 1970

15.04 -0.06 -0.40%

Live - 5344 symbols - heartbeat 213s ago · 2026-10-07 19:54

After-hours 15.04 0.00%

Market cap: 1.82B
P/E (TTM): 5.70
P/B: 0.82
EPS: 2.86
Div yield: 3.06%
52W pos: 62%

Reader sentiment Are you bullish or bearish on CMRE?

Anonymous reader poll. Unscientific, not investment advice.

✦ Quant Financial Health how this is computed

Weak

Altman Z-Score is 1.66, below the 1.8 "distress zone" threshold.
Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.

Revenue annual, last 8 years

Latest year -1.19% YoY

Margins

Gross margin: 57.28%
Operating margin: 51.71%
Net margin: 39.15%

Key ratios & quality

Enterprise value: 2.74B
Altman Z-Score: 1.66

Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.

Income statement

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	380.40M	478.11M	460.32M	793.64M	1.11B	848.29M	888.49M	877.90M
Gross profit	149.08M	229.03M	211.62M	441.87M	600.66M	520.99M	548.48M	502.83M
Selling & admin expenses	9.16M	9.43M	11.02M	16.82M	19.53M	18.22M	24.68M	20.00M
Research & development	--	--	--	--	--	--	--	--
Operating profit	120.38M	198.28M	178.99M	395.43M	534.39M	475.28M	495.16M	453.92M
Pretax profit	67.24M	99.00M	8.88M	435.12M	554.69M	518.90M	407.34M	396.55M
Tax	--	--	--	--	--	--	--	--
Net profit	67.24M	99.00M	8.88M	435.12M	554.69M	381.02M	316.33M	369.00M
Basic EPS	0	1	0	3	4	3	2	3
Diluted EPS	0.33	0.59	-0.18	3.28	4.26	2.95	2.44	2.86

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Revenue	222.87M	217.90M	225.17M	211.97M	211.06M	209.19M
Gross profit	135.69M	123.68M	129.41M	114.06M	112.63M	111.11M
Selling & admin expenses	5.68M	4.40M	3.96M	5.96M	7.67M	5.26M
Research & development	--	--	--	--	--	--
Operating profit	122.97M	112.15M	118.11M	100.70M	97.63M	98.40M
Pretax profit	111.92M	106.12M	99.35M	79.15M	81.90M	83.90M
Tax	--	--	--	--	--	--
Net profit	100.84M	89.66M	99.35M	79.15M	81.90M	83.90M
Basic EPS	1	1	1	1	1	1
Diluted EPS	0.79	0.69	0.77	0.60	0.62	0.65

Balance sheet

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Total current assets	170.77M	197.24M	192.05M	426.12M	1.01B	1.12B	1.04B	690.67M
Cash & ST investments	113.71M	148.93M	143.92M	276.00M	838.06M	813.02M	718.69M	594.20M
Inventory	11.02M	10.55M	10.46M	21.37M	28.04M	61.27M	13.16M	14.12M
Total assets	3.05B	3.01B	3.01B	4.41B	4.90B	5.29B	5.15B	3.86B
Total current liabilities	224.67M	266.53M	206.97M	370.03M	423.09M	662.77M	745.56M	398.57M
Short-term debt	183.46M	227.56M	163.63M	289.04M	320.11M	510.70M	311.24M	268.13M
Long-term debt	1.16B	1.21B	1.31B	2.17B	2.26B	2.00B	1.41B	1.25B
Total liabilities	1,693,687,000.00	1,601,230,000.00	1,661,696,000.00	2,681,142,000.00	2,735,792,000.00	2,847,633,000.00	2,580,081,000.00	1,703,706,000.00
Total equity	1.36B	1.41B	1.35B	1.73B	2.16B	2.44B	2.57B	2.16B
Retained earnings	38.73M	60.58M	-9.72M	341.48M	746.66M	1.05B	1.28B	868.73M

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Total current assets	1.12B	618.93M	663.83M	690.67M	769.10M	598.10M
Cash & ST investments	818.80M	510.67M	558.46M	594.20M	653.70M	431.48M
Inventory	56.06M	14.13M	14.70M	14.12M	14.18M	15.87M
Total assets	5.13B	3.74B	3.86B	3.86B	3.92B	4.01B
Total current liabilities	724.87M	369.18M	394.57M	398.57M	392.21M	371.67M
Short-term debt	550.16M	282.23M	272.07M	268.13M	254.34M	231.67M
Long-term debt	1.67B	1.31B	1.31B	1.25B	1.24B	1.27B
Total liabilities	2,483,319,000.00	1,719,981,000.00	1,762,988,000.00	1,703,706,000.00	1,700,598,000.00	1,717,019,000.00
Total equity	2.64B	2.02B	2.10B	2.16B	2.22B	2.29B
Retained earnings	1.36B	731.12M	809.97M	868.73M	930.04M	993.57M

Cash flow

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Operating cash flow	140.78M	250.39M	274.28M	466.49M	581.59M	331.37M	537.72M	544.27M
Depreciation & amortization	96.29M	113.65M	108.89M	136.53M	166.20M	126.52M	126.35M	129.67M
Free cash flow	-2.21M	188.42M	172.37M	-525.60M	519.70M	124.90M	430.10M	242.16M
Dividends paid	-49.14M	-58.66M	-65.47M	-71.26M	-119.55M	-71.87M	-74.15M	-79.29M
Stock buybacks / issuance	111.22M	--	0	0	-60.10M	-60.00M	0	0
Ending cash balance	166.49M	195.87M	191.90M	353.53M	811.56M	825.20M	777.94M	570.28M

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Operating cash flow	147.21M	136.00M	143.03M	118.05M	112.40M	101.78M
Depreciation & amortization	31.59M	--	32.67M	33.47M	32.84M	32.64M
Free cash flow	142.55M	136.00M	38.35M	66.16M	25.49M	-255.92M
Dividends paid	-20.03M	--	-19.72M	-19.84M	-21.47M	-19.87M
Stock buybacks / issuance	--	--	--	0	--	--
Ending cash balance	868.06M	--	569.56M	570.28M	624.98M	403.39M

Returns & efficiency

Line item	2018	2019	2020	2021	2022	2023	2024	2025
ROE %	2.85	4.89	-1.56	26.28	26.98	15.63	11.87	14.94
ROA %	1.33	2.23	-0.72	10.89	11.26	6.97	5.57	7.63
ROIC %	2.88	4.29	0.79	12.62	13.27	9.08	7.48	9.36
5-year avg ROE %	8.34	6.49	3.33	7.40	11.89	14.44	15.84	19.14
EBIT margin %	33.61	38.66	15.67	63.87	59.42	35.27	21.90	55.39
FCF / sales %	--	39.41	37.45	--	46.66	3.24	12.34	27.58
Current ratio	0.76	0.74	0.93	1.15	2.40	1.69	1.40	1.73
Quick ratio	0.58	0.62	0.75	0.83	2.09	1.35	1.00	1.55
Debt / assets	54.01	51.59	52.65	58.05	52.79	50.08	33.44	39.22
LT debt / equity	107.90	94.02	105.38	131.49	104.99	89.70	56.12	59.76
Interest coverage	2.11	2.15	1.14	7.06	6.17	3.50	3.26	5.42
Revenue CAGR (3Y) %	-8.12	0.70	3.73	27.78	32.57	22.60	3.83	-7.63
Net income CAGR (3Y) %	-22.38	6.61	-50.43	86.35	77.64	251.57	-9.74	-13.07
FCF CAGR (3Y) %	--	-4.71	10.57	--	40.24	-10.18	--	-22.47

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
ROE %	11.51	12.91	13.32	14.94	13.66	15.26
ROA %	5.56	6.24	6.61	7.63	7.16	8.21
ROIC %	7.37	8.38	8.66	9.36	8.56	9.83
5-year avg ROE %	--	--	--	--	--	--
EBIT margin %	21.75	21.98	21.07	55.39	52.08	49.37
FCF / sales %	14.64	8.27	5.06	27.58	14.44	--
Current ratio	1.55	1.68	1.68	1.73	1.96	1.61
Quick ratio	1.23	1.46	1.48	1.55	1.74	1.25
Debt / assets	44.42	42.49	40.98	39.22	38.07	37.53
LT debt / equity	66.72	67.07	64.67	59.76	57.60	57.35
Interest coverage	3.38	3.64	3.71	5.42	5.34	5.36
Revenue CAGR (3Y) %	--	--	--	--	--	--
Net income CAGR (3Y) %	--	--	--	--	--	--
FCF CAGR (3Y) %	--	--	--	--	--	--

✦ Quant Revenue Concentration how this is computed

Single-engine

Container vessels segment is the largest reported line at 95.50% of revenue, across 2 reported segments.
The next-largest line, Neptune Maritime Leasing Limited (NML), is a distant second at 4.50% - a sharp slowdown here would have little to offset it.

Revenue breakdown most recent period

Business

Container vessels segment95.50%

Neptune Maritime Leasing Limited (NML)4.50%

Quote time 2026-10-07 19:54:59 · For reference only, not investment advice and not tailored to your situation.