NASDAQ : CTRM
Castor Maritime Inc. — Financial statements
Industrials · Marine Shipping · Cyprus
Last price 1.55 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 14.98M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Castor Maritime Inc. (CTRM) reported revenue of 90.35M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 90.35M | 81.81M | 66.24M | 97.52M | 150.22M | 102.79M |
| Cost of Revenue | 45.31M | 43.09M | 30.97M | 46.09M | 44.09M | 28.29M |
| Gross Profit | 45.04M | 38.72M | 35.27M | 51.42M | 106.12M | 74.50M |
| Selling, General & Admin | 23.81M | 25.26M | 11.13M | 12.85M | 13.61M | 8.16M |
| Other Operating Expenses | 385.66K | 434.90K | 583.74K | 872.70K | 885.88K | 445.13K |
| Operating Expenses | 38.18M | 38.81M | 26.76M | 35.80M | 33.03M | 19.13M |
| Operating Income | 6.87M | -92.88K | 8.51M | 15.62M | 73.09M | 55.36M |
| Interest Expense | -2.99M | -3.25M | -4.86M | -10.72M | -7.55M | -2.17M |
| Interest & Investment Income | 6.11M | 6.69M | 15.00M | 5.69M | 1.38M | 74.47K |
| Earnings From Equity Investments | 15.19M | 17.97M | ||||
| Currency Exchange Gain (Loss) | 7.82M | -420.37K | -161.14K | -92.75K | 109.88K | 13.29K |
| Other Non Operating Income (Expenses) | 2.84M | 2.98M | -1.22M | -544.33K | -134.82K | -179.49K |
| EBT Excluding Unusual Items | 35.83M | 23.86M | 17.27M | 9.96M | 66.90M | 53.10M |
| Merger & Restructuring Charges | -7.02M | |||||
| Gain (Loss) on Sale of Investments | 101.30M | 5.79M | -12.05M | 5.14M | 27.45K | |
| Gain (Loss) on Sale of Assets | -103.75K | -7.25M | 15.83M | 6.38M | ||
| Other Unusual Items | 1.41M | |||||
| Pretax Income | 137.03M | 22.41M | 15.44M | 21.48M | 66.93M | 53.10M |
| Income Tax Expense | 2.45M | 865.87K | 133.99K | 177.79K | 388.67K | 291.17K |
| Earnings From Continuing Operations | 134.58M | 21.54M | 15.30M | 21.30M | 66.54M | 52.81M |
| Earnings From Discontinued Operations | 17.34M | 52.02M | -541.30K | |||
| Net Income to Company | 134.58M | 21.54M | 15.30M | 38.64M | 118.56M | 52.27M |
| Minority Interest in Earnings | -36.02M | -2.27M | -685.94K | |||
| Net Income | 98.57M | 19.27M | 14.62M | 38.64M | 118.56M | 52.27M |
| Preferred Dividends & Other Adjustments | 8.50M | 8.34M | -19.19M | 1.66M | 11.77M | |
| Net Income to Common | 90.07M | 10.93M | 33.80M | 36.98M | 118.56M | 40.50M |
| Shares Outstanding (Basic) | 9.66M | 9.66M | 9.66M | 9.57M | 9.46M | 8.39M |
| Shares Outstanding (Diluted) | 77.91M | 53.65M | 38.75M | 21.95M | 9.46M | 8.53M |
| EPS (Basic) | 9.32 | 1.13 | 3.50 | 3.86 | 12.53 | 4.83 |
| EPS (Diluted) | 1.31 | 0.36 | 0.38 | 1.74 | 12.53 | 4.74 |
| Free Cash Flow | -49.65M | 9.16M | -30.26M | 41.97M | 48.20M | -176.58M |
| Free Cash Flow Per Share | -0.64 | 0.17 | -0.78 | 1.91 | 5.09 | -20.69 |
| Gross Margin | 49.85% | 47.33% | 53.25% | 52.73% | 70.65% | 72.48% |
| Operating Margin | 7.60% | -0.11% | 12.85% | 16.02% | 48.66% | 53.86% |
| Profit Margin | 99.68% | 13.35% | 51.03% | 37.92% | 78.93% | 39.40% |
| Free Cash Flow Margin | -54.95% | 11.19% | -45.68% | 43.04% | 32.09% | -171.79% |
| EBITDA | 20.05M | 13.39M | 22.81M | 39.94M | 92.04M | 63.95M |
| EBITDA Margin | 22.19% | 16.36% | 34.43% | 40.96% | 61.27% | 62.22% |
| D&A For EBITDA | 13.18M | 13.48M | 14.30M | 24.32M | 18.94M | 8.59M |
| EBIT | 6.87M | -92.88K | 8.51M | 15.62M | 73.09M | 55.36M |
| EBIT Margin | 7.60% | -0.11% | 12.85% | 16.02% | 48.66% | 53.86% |
| Effective Tax Rate | 1.79% | 3.86% | 0.87% | 0.83% | 0.58% | 0.55% |
| Revenue as Reported | 90.35M | 81.81M | 66.24M | 97.52M | 150.22M | 102.79M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 108.44M | 151.78M | 87.90M | 111.38M | 100.59M | 37.17M |
| Short-Term Investments | 3.73M | 28.31M | 69.12M | 77.09M | ||
| Trading Asset Securities | 466.75K | 545.63K | 1.11M | |||
| Cash & Short-Term Investments | 112.64M | 180.64M | 158.12M | 188.47M | 100.59M | 37.17M |
| Accounts Receivable | 10.73M | 7.91M | 2.74M | 2.91M | 2.71M | 8.22M |
| Other Receivables | 26.75M | 28.67M | 16.83M | 2.28M | ||
| Receivables | 37.48M | 36.58M | 19.57M | 5.20M | 2.71M | 8.22M |
| Inventory | 1.17M | 791.79K | 1.55M | 977.64K | 1.94M | 4.44M |
| Prepaid Expenses | 3.67M | 3.41M | 3.77M | 3.28M | 2.07M | 2.59M |
| Restricted Cash | 2.33M | 1.68M | 2.38M | |||
| Other Current Assets | 70.84M | 42.02M | 57.48M | 191.23K | ||
| Total Current Assets | 154.96M | 221.41M | 253.86M | 242.28M | 166.47M | 55.00M |
| Property, Plant & Equipment | 271.41M | 191.15M | 202.44M | 229.54M | 343.41M | 393.97M |
| Long-Term Investments | 406.14M | 318.00M | 288.18M | 117.54M | ||
| Goodwill | 23.40M | 24.13M | 17.93M | |||
| Other Intangible Assets | 19.43M | 21.17M | 19.32M | |||
| Long-Term Deferred Tax Assets | 1.91M | 2.60M | 1.84M | |||
| Long-Term Deferred Charges | 8.59M | 6.07M | 2.21M | 3.23M | 5.36M | 4.86M |
| Other Long-Term Assets | 5.44M | 12.83M | 11.60M | 12.46M | 117.91M | 9.08M |
| Total Assets | 891.28M | 797.36M | 797.38M | 605.04M | 633.15M | 462.91M |
| Accounts Payable | 4.55M | 3.71M | 2.13M | 2.83M | 7.82M | 5.04M |
| Accrued Expenses | 13.40M | 16.70M | 23.05M | 3.59M | 5.49M | 5.06M |
| Current Portion of Long-Term Debt | 6.80M | 7.19M | 11.02M | 17.68M | 29.17M | 16.09M |
| Current Portion of Leases | 1.18M | 1.20M | 1.05M | |||
| Current Income Taxes Payable | 3.92M | 3.48M | 6.64M | |||
| Current Unearned Revenue | 1.19M | 827.21K | 578.45K | 1.55M | 2.58M | 3.93M |
| Other Current Liabilities | 2.10M | 1.29M | 19.93M | 2.95M | 6.52M | 3.91M |
| Total Current Liabilities | 33.14M | 34.41M | 64.40M | 28.60M | 51.59M | 34.03M |
| Long-Term Debt | 65.78M | 77.04M | 92.53M | 65.71M | 109.60M | 85.95M |
| Long-Term Leases | 5.49M | 6.21M | 6.72M | |||
| Long-Term Deferred Tax Liabilities | 11.13M | 10.60M | 8.10M | |||
| Other Long-Term Liabilities | 344.22K | 144.60K | 166.16K | 10.46M | ||
| Total Liabilities | 115.88M | 128.40M | 171.91M | 94.31M | 171.65M | 119.98M |
| Common Stock | 9.66K | 9.66K | 9.66K | 9.66K | 94.61K | 94.61K |
| Additional Paid-In Capital | 265.34M | 265.34M | 265.39M | 266.45M | 303.66M | 303.66M |
| Retained Earnings | 300.81M | 239.45M | 228.53M | 194.72M | 157.74M | 39.18M |
| Comprehensive Income & Other | 13.70M | 20.63M | -1.51M | |||
| Total Common Equity | 579.86M | 525.43M | 492.42M | 461.18M | 461.50M | 342.93M |
| Minority Interest | 113.20M | 62.81M | 55.34M | |||
| Shareholders' Equity | 775.40M | 668.96M | 625.47M | 510.73M | 461.50M | 342.93M |
| Total Liabilities & Equity | 891.28M | 797.36M | 797.38M | 605.04M | 633.15M | 462.91M |
| Total Debt | 79.25M | 91.64M | 111.32M | 83.39M | 138.77M | 102.04M |
| Net Cash (Debt) | 33.39M | 88.99M | 46.80M | 105.08M | -38.18M | -64.87M |
| Net Cash Per Share | 0.43 | 1.66 | 1.21 | 4.79 | -4.04 | -7.60 |
| Filing Date Shares Outstanding | 9.66M | 9.66M | 9.66M | 9.66M | 9.46M | 9.46M |
| Total Common Shares Outstanding | 9.66M | 9.66M | 9.66M | 9.66M | 9.46M | 9.46M |
| Working Capital | 121.82M | 187.01M | 189.46M | 213.67M | 114.88M | 20.97M |
| Book Value Per Share | 60.01 | 54.38 | 50.96 | 47.73 | 48.78 | 36.25 |
| Tangible Book Value | 537.04M | 480.13M | 455.16M | 461.18M | 461.50M | 342.93M |
| Tangible Book Value Per Share | 55.58 | 49.69 | 47.11 | 47.73 | 48.78 | 36.25 |
| Machinery | 299.02M | 220.08M | 228.07M | 262.07M | 372.38M | 410.05M |
| Leasehold Improvements | 2.16M | 2.23M | 1.84M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 98.57M | 19.27M | 14.62M | 38.64M | 118.56M | 52.27M |
| Depreciation & Amortization | 13.18M | 13.48M | 14.30M | 24.32M | 18.94M | 8.59M |
| Other Amortization | 3.26M | 1.61M | 2.17M | 888.52K | 730.51K | 319.84K |
| Loss (Gain) From Sale of Assets | 169.40K | 7.32M | -15.67M | -6.38M | ||
| Loss (Gain) From Sale of Investments | -101.35M | -5.93M | 12.25M | -5.14M | -27.45K | |
| Loss (Gain) on Equity Investments | -13.15M | -17.97M | ||||
| Stock-Based Compensation | 252.96K | 515.35K | 9.49K | |||
| Provision & Write-off of Bad Debts | -1.73M | -1.64M | 4.82K | 2.48K | ||
| Other Operating Activities | 46.71M | 20.31M | 3.53M | -17.34M | -52.02M | 541.30K |
| Change in Accounts Receivable | -3.45M | -2.98M | 3.50M | -208.49K | 1.42M | -2.82M |
| Change in Inventory | -292.69K | 868.04K | -259.88K | 539.74K | -640.66K | -584.21K |
| Change in Accounts Payable | 1.57M | 1.08M | -1.79M | -3.26M | 3.34M | 3.02M |
| Change in Unearned Revenue | 381.01K | 201.60K | -970.44K | -1.03M | -796.01K | 3.27M |
| Change in Income Taxes | -2.37M | -5.73M | 129.17K | |||
| Change in Other Net Operating Assets | -10.92M | -20.36M | 10.09M | -8.84M | 6.16M | -104.88M |
| Operating Cash Flow | 30.83M | 10.05M | 41.91M | 42.59M | 123.75M | 60.78M |
| Capital Expenditures | -80.48M | -889.26K | -72.17M | -623.28K | -75.55M | -237.35M |
| Sale of Property, Plant & Equipment | -350.46K | 61.94M | 107.87M | 63.61M | ||
| Cash Acquisitions | -162.96M | |||||
| Divestitures | -914.72K | |||||
| Investment in Securities | 71.47M | 35.61M | -6.71M | -71.95M | 27.45K | |
| Other Investing Activities | 1.42M | -153.86K | 11.79M | -111.29M | ||
| Investing Cash Flow | -8.95M | 97.07M | -133.48M | -9.12M | -63.74M | -348.64M |
| Long-Term Debt Issued | 66.22M | 100.00M | 77.50M | 79.19M | ||
| Short-Term Debt Repaid | -5.00M | |||||
| Long-Term Debt Repaid | -102.84M | -86.87M | -53.86M | -24.49M | -5.18M | |
| Total Debt Repaid | -28.63M | -102.84M | -86.87M | -53.86M | -24.49M | -10.18M |
| Net Debt Issued (Repaid) | 51.61M | -36.62M | 13.13M | -53.86M | 53.01M | 69.01M |
| Issuance of Common Stock | 881.83K | 265.31M | ||||
| Preferred Dividends Paid | -5.31M | -4.91M | -2.50M | -479.17K | ||
| Dividends Paid | -5.31M | -4.91M | -2.50M | -479.17K | ||
| Other Financing Activities | -3.41M | -4.78M | -1.07M | -61.41M | -4.10M | 1.91M |
| Financing Cash Flow | 42.89M | -46.32M | 59.57M | -64.88M | 48.90M | 321.82M |
| Foreign Exchange Rate Adjustments | -1.24M | 3.36M | -284.82K | |||
| Net Cash Flow | 63.53M | 64.16M | -32.28M | -31.41M | 108.92M | 33.96M |
| Free Cash Flow | -49.65M | 9.16M | -30.26M | 41.97M | 48.20M | -176.58M |
| Free Cash Flow Margin | -54.95% | 11.19% | -45.68% | 43.04% | 32.09% | -171.79% |
| Free Cash Flow Per Share | -0.64 | 0.17 | -0.78 | 1.91 | 5.09 | -20.69 |
| Levered Free Cash Flow | -51.35M | 41.27M | -53.93M | 28.23M | -58.48M | -194.25M |
| Unlevered Free Cash Flow | -50.21M | 43.09M | -51.71M | 34.04M | -54.49M | -193.21M |
| Cash Interest Paid | 3.13M | 3.13M | 3.20M | 10.15M | 5.67M | 1.92M |
| Cash Income Tax Paid | 7.69M | 7.69M | 33.05K | |||
| Change in Working Capital | -15.08M | -26.92M | 10.70M | -12.81M | 9.49M | -101.99M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 13.43M | 20.00M | 26.57M | 41.07M | 105.96M | 134.35M |
| Enterprise Value | -19.96M | 63.49M | -155.32M | 47.46M | 109.28M | 180.50M |
| Last Close Price | 1.45 | 2.07 | 2.75 | 4.25 | 7.39 | 9.37 |
| PE Ratio | 1.06 | 1.83 | 0.79 | 1.11 | 0.89 | 3.32 |
| PS Ratio | 0.16 | 0.24 | 0.40 | 0.42 | 0.70 | 1.31 |
| PB Ratio | 0.02 | 0.03 | 0.04 | 0.08 | 0.23 | 0.39 |
| P/TBV Ratio | 0.03 | 0.04 | 0.06 | 0.09 | 0.23 | 0.39 |
| P/FCF Ratio | 2.18 | 0.98 | 2.20 | |||
| P/OCF Ratio | 0.45 | 1.99 | 0.63 | 0.96 | 0.86 | 2.21 |
| EV/Sales Ratio | 0.78 | 0.49 | 0.73 | 1.76 | ||
| EV/EBITDA Ratio | 4.74 | 1.19 | 1.19 | 2.82 | ||
| EV/EBIT Ratio | 3.04 | 1.50 | 3.26 | |||
| EV/FCF Ratio | 6.93 | 1.13 | 2.27 | |||
| Debt / Equity Ratio | 0.10 | 0.14 | 0.18 | 0.16 | 0.30 | 0.30 |
| Debt / EBITDA Ratio | 3.61 | 6.03 | 4.87 | 2.09 | 1.51 | 1.60 |
| Debt / FCF Ratio | 10.01 | 1.99 | 2.88 | |||
| Net Debt / Equity Ratio | -0.04 | -0.13 | -0.07 | -0.21 | 0.08 | 0.19 |
| Net Debt / EBITDA Ratio | -1.67 | -6.65 | -2.05 | -2.63 | 0.41 | 1.01 |
| Net Debt / FCF Ratio | 0.67 | -9.72 | 1.55 | -2.50 | 0.79 | -0.37 |
| Asset Turnover | 0.11 | 0.10 | 0.09 | 0.16 | 0.27 | 0.38 |
| Inventory Turnover | 44.33 | 36.77 | 24.48 | 31.60 | 13.83 | 10.98 |
| Quick Ratio | 4.53 | 6.31 | 2.76 | 6.77 | 2.00 | 1.33 |
| Current Ratio | 4.68 | 6.43 | 3.94 | 8.47 | 3.23 | 1.62 |
| Return on Equity (ROE) | 19.12% | 3.33% | 2.69% | 4.38% | 16.54% | 26.72% |
| Return on Assets (ROA) | 0.54% | -0.01% | 0.76% | 1.58% | 8.34% | 12.88% |
| Return on Invested Capital (ROIC) | 0.97% | -0.01% | 1.71% | 3.42% | 16.02% | 23.46% |
| Return on Capital Employed (ROCE) | 0.80% | 0.00% | 1.20% | 2.70% | 12.60% | 12.90% |
| Earnings Yield | 94.37% | 96.34% | 55.02% | 94.10% | 111.89% | 38.91% |
| FCF Yield | -354.37% | 45.78% | -113.88% | 102.20% | 45.49% | -131.43% |
| Payout Ratio | 25.49% | 17.10% | 1.24% | |||
| Buyback Yield / Dilution | -706.32% | -38.48% | -76.48% | -132.05% | -10.87% | -1,159.80% |