NASDAQ : ESEA
Euroseas Ltd. — Financial statements
Industrials · Marine Shipping · Greece
Last price 67.45 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 475.92M
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Financial statements
Euroseas Ltd. (ESEA) reported revenue of 226.63M 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 | 226.63M | 227.87M | 212.90M | 189.36M | 182.69M | 93.89M |
| Cost of Revenue | 50.32M | 54.51M | 59.20M | 46.66M | 49.65M | 34.46M |
| Gross Profit | 176.31M | 173.36M | 153.70M | 142.70M | 133.04M | 59.43M |
| Selling, General & Admin | 15.14M | 14.80M | 13.01M | 10.47M | 9.49M | 7.79M |
| Other Operating Expenses | 556.98K | -2.73M | 1.68K | |||
| Operating Expenses | 42.36M | 43.41M | 39.37M | 30.57M | 28.01M | 14.99M |
| Operating Income | 133.95M | 129.95M | 114.32M | 112.12M | 105.03M | 44.44M |
| Interest Expense | -12.33M | -14.76M | -9.08M | -5.78M | -374.10K | -2.58M |
| Interest & Investment Income | 4.96M | 2.82M | 2.36M | 1.40M | 267.43K | 3.51K |
| Currency Exchange Gain (Loss) | -47.46K | -119.66K | 18.63K | -33.63K | 54.23K | 34.42K |
| Other Non Operating Income (Expenses) | -474.58K | -474.58K | -538.79K | -475.51K | -342.86K | -223.49K |
| EBT Excluding Unusual Items | 126.05M | 117.42M | 107.08M | 107.24M | 104.63M | 41.67M |
| Gain (Loss) on Sale of Investments | -54.92K | |||||
| Gain (Loss) on Sale of Assets | 9.20M | 19.43M | 5.69M | 5.16M | -9.42K | |
| Asset Writedown | -13.83M | 200.00K | ||||
| Other Unusual Items | 15.98M | -350.00K | 1.10M | |||
| Pretax Income | 135.32M | 136.97M | 112.78M | 114.55M | 106.24M | 42.96M |
| Earnings From Continuing Operations | 135.32M | 136.97M | 112.78M | 114.55M | 106.24M | 42.96M |
| Net Income | 135.93M | 136.97M | 112.78M | 114.55M | 106.24M | 42.96M |
| Preferred Dividends & Other Adjustments | 600.95K | |||||
| Net Income to Common | 135.93M | 136.97M | 112.78M | 114.55M | 106.24M | 42.36M |
| Shares Outstanding (Basic) | 6.96M | 6.94M | 6.94M | 6.93M | 7.18M | 6.98M |
| Shares Outstanding (Diluted) | 6.97M | 6.95M | 6.96M | 6.94M | 7.19M | 6.99M |
| EPS (Basic) | 19.54 | 19.73 | 16.25 | 16.53 | 14.79 | 6.07 |
| EPS (Diluted) | 19.51 | 19.72 | 16.20 | 16.52 | 14.78 | 6.06 |
| Free Cash Flow | 89.32M | 64.08M | -50.75M | 17.71M | 23.39M | -21.49M |
| Free Cash Flow Per Share | 12.82 | 9.22 | -7.29 | 2.55 | 3.25 | -3.07 |
| Dividend Per Share | 4.40 | 2.80 | 2.45 | 2.10 | 2.00 | |
| Gross Margin | 77.80% | 76.08% | 72.19% | 75.36% | 72.82% | 63.30% |
| Operating Margin | 59.10% | 57.03% | 53.70% | 59.21% | 57.49% | 47.33% |
| Profit Margin | 59.98% | 60.11% | 52.97% | 60.49% | 58.15% | 45.12% |
| Free Cash Flow Margin | 39.41% | 28.12% | -23.84% | 9.35% | 12.80% | -22.88% |
| EBITDA | 160.45M | 155.94M | 135.74M | 123.59M | 112.72M | 51.42M |
| EBITDA Margin | 70.80% | 68.43% | 63.76% | 65.27% | 61.70% | 54.76% |
| D&A For EBITDA | 26.49M | 25.99M | 21.41M | 11.47M | 7.69M | 6.97M |
| EBIT | 133.95M | 129.95M | 114.32M | 112.12M | 105.03M | 44.44M |
| EBIT Margin | 59.10% | 57.03% | 53.70% | 59.21% | 57.49% | 47.33% |
| Revenue as Reported | 226.63M | 227.87M | 212.90M | 189.36M | 182.69M | 93.89M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 157.35M | 176.46M | 73.74M | 58.61M | 25.85M | 26.53M |
| Trading Asset Securities | 184.39K | 1.14M | 540.75K | |||
| Cash & Short-Term Investments | 196.24M | 176.46M | 73.92M | 58.61M | 26.99M | 27.07M |
| Accounts Receivable | 15.67M | 10.16M | 4.55M | 2.04M | 572.96K | 1.27M |
| Other Receivables | 2.88M | 1.37M | 775.79K | 2.28M | 5.52M | 1.72M |
| Receivables | 18.55M | 11.53M | 5.33M | 4.31M | 6.09M | 3.00M |
| Inventory | 3.17M | 2.82M | 3.19M | 2.54M | 2.31M | 2.27M |
| Prepaid Expenses | 1.03M | 984.39K | 1.34M | 502.83K | 350.21K | 382.73K |
| Restricted Cash | 661.05K | 564.03K | 926.82K | 2.99K | 2.19M | 167.28K |
| Other Current Assets | 8.94M | |||||
| Total Current Assets | 219.66M | 192.35M | 84.71M | 65.97M | 46.87M | 32.89M |
| Property, Plant & Equipment | 453.10M | 465.91M | 443.39M | 267.63M | 216.57M | 176.11M |
| Long-Term Investments | 200.64K | 2.67M | ||||
| Other Long-Term Assets | 80.18M | 42.19M | 62.92M | 91.08M | 62.48M | 12.42M |
| Total Assets | 752.95M | 700.46M | 591.22M | 424.67M | 328.59M | 221.42M |
| Accounts Payable | 3.83M | 3.91M | 5.74M | 5.75M | 5.16M | 2.80M |
| Accrued Expenses | 12.87M | 9.04M | 4.48M | 1.87M | 1.76M | 1.70M |
| Current Portion of Long-Term Debt | 17.70M | 19.15M | 36.93M | 30.90M | 55.42M | 29.03M |
| Current Unearned Revenue | 4.57M | 5.29M | 8.24M | 11.28M | 7.73M | 3.29M |
| Other Current Liabilities | 1.28M | 1.97M | 1.78M | 1.40M | 3.62M | 309.97K |
| Total Current Liabilities | 40.25M | 39.35M | 57.17M | 51.19M | 73.69M | 37.15M |
| Long-Term Debt | 188.82M | 197.66M | 168.47M | 99.33M | 51.81M | 89.96M |
| Other Long-Term Liabilities | 2.63M | 7.58M | 34.93M | 17.46M | ||
| Total Liabilities | 229.07M | 237.01M | 228.27M | 158.10M | 160.44M | 144.56M |
| Common Stock | 211.66K | 211.68K | 211.43K | 210.43K | 213.49K | 218.84K |
| Additional Paid-In Capital | 260.40M | 258.72M | 258.89M | 258.43M | 260.54M | 264.61M |
| Retained Earnings | 259.31M | 204.51M | 103.85M | 7.93M | -92.60M | -187.97M |
| Total Common Equity | 518.86M | 463.44M | 362.95M | 266.58M | 168.16M | 76.86M |
| Shareholders' Equity | 523.88M | 463.44M | 362.95M | 266.58M | 168.16M | 76.86M |
| Total Liabilities & Equity | 752.95M | 700.46M | 591.22M | 424.67M | 328.59M | 221.42M |
| Total Debt | 206.52M | 216.81M | 205.40M | 130.23M | 107.23M | 118.99M |
| Net Cash (Debt) | -10.28M | -40.35M | -131.48M | -71.61M | -80.24M | -91.92M |
| Net Cash Per Share | -1.47 | -5.81 | -18.89 | -10.32 | -11.16 | -13.14 |
| Filing Date Shares Outstanding | 7.06M | 7.06M | 7.01M | 7.01M | 7.01M | 7.29M |
| Total Common Shares Outstanding | 7.06M | 7.06M | 7.05M | 7.01M | 7.12M | 7.29M |
| Working Capital | 179.41M | 153.00M | 27.54M | 14.78M | -26.82M | -4.25M |
| Book Value Per Share | 73.54 | 65.68 | 51.50 | 38.00 | 23.63 | 10.54 |
| Tangible Book Value | 518.86M | 463.44M | 362.95M | 266.58M | 168.16M | 76.86M |
| Tangible Book Value Per Share | 73.54 | 65.68 | 51.50 | 38.00 | 23.63 | 10.54 |
| Machinery | 549.22M | 527.65M | 326.45M | 257.17M | 201.19M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 135.93M | 136.97M | 112.78M | 114.55M | 106.24M | 42.96M |
| Depreciation & Amortization | 26.49M | 25.99M | 21.41M | 11.47M | 7.69M | 6.97M |
| Other Amortization | 396.18K | 474.58K | 538.79K | 475.51K | 342.86K | 223.49K |
| Loss (Gain) From Sale of Assets | -9.20M | -19.43M | -5.69M | -5.16M | 9.42K | |
| Asset Writedown & Restructuring Costs | 13.83M | |||||
| Loss (Gain) From Sale of Investments | 54.92K | |||||
| Stock-Based Compensation | 2.61M | 1.96M | 1.52M | 1.08M | 951.38K | 182.32K |
| Other Operating Activities | -565.17K | 385.03K | -609.21K | -11.95M | -4.22M | -153.84K |
| Change in Accounts Receivable | -5.87M | -5.87M | -2.51M | -1.46M | 701.77K | 738.29K |
| Change in Inventory | 165.97K | 165.97K | -652.80K | 178.14K | -31.72K | -612.03K |
| Change in Accounts Payable | -395.09K | -395.09K | 779.25K | -1.08M | 2.01M | -740.66K |
| Change in Unearned Revenue | -2.60M | -2.60M | -3.04M | 3.55M | 4.44M | 2.34M |
| Change in Other Net Operating Assets | 869.33K | 3.49M | 3.64M | 4.53M | -4.05M | 684.58K |
| Operating Cash Flow | 147.89M | 141.13M | 128.17M | 130.01M | 114.08M | 52.61M |
| Capital Expenditures | -58.56M | -77.05M | -178.92M | -112.29M | -90.69M | -74.10M |
| Sale of Property, Plant & Equipment | 43.98M | 61.85M | 10.15M | 10.10M | 3.56M | |
| Investing Cash Flow | -54.59M | -15.20M | -168.77M | -102.19M | -87.13M | -74.10M |
| Long-Term Debt Issued | 52.00M | 114.40M | 92.00M | 19.25M | 75.50M | |
| Total Debt Issued | 52.00M | 114.40M | 92.00M | 19.25M | 75.50M | |
| Short-Term Debt Repaid | -2.50M | |||||
| Long-Term Debt Repaid | -40.64M | -38.14M | -68.97M | -30.28M | -23.79M | |
| Total Debt Repaid | -21.25M | -40.64M | -38.14M | -68.97M | -30.28M | -26.29M |
| Net Debt Issued (Repaid) | -21.25M | 11.36M | 76.26M | 23.02M | -11.03M | 49.21M |
| Issuance of Common Stock | 743.55K | |||||
| Repurchase of Common Stock | -815.04K | -2.12M | -1.07M | -3.15M | -5.03M | |
| Preferred Dividends Paid | -424.00K | |||||
| Common Dividends Paid | -25.23M | -18.96M | -16.84M | -13.98M | -10.80M | |
| Dividends Paid | -25.23M | -18.96M | -16.84M | -13.98M | -10.80M | -424.00K |
| Other Financing Activities | 5.63M | -13.56M | -1.40M | -833.90K | -143.13K | -881.17K |
| Financing Cash Flow | -41.67M | -23.28M | 56.96M | 5.06M | -27.01M | 46.65M |
| Net Cash Flow | 51.63M | 102.66M | 16.35M | 32.88M | -59.72K | 25.16M |
| Free Cash Flow | 89.32M | 64.08M | -50.75M | 17.71M | 23.39M | -21.49M |
| Free Cash Flow Margin | 39.41% | 28.12% | -23.84% | 9.35% | 12.80% | -22.88% |
| Free Cash Flow Per Share | 12.82 | 9.22 | -7.29 | 2.55 | 3.25 | -3.07 |
| Levered Free Cash Flow | 76.83M | 18.22M | -93.15M | -18.26M | -20.19M | -37.44M |
| Unlevered Free Cash Flow | 84.54M | 27.44M | -87.47M | -14.65M | -19.96M | -35.82M |
| Cash Interest Paid | 13.62M | 13.62M | 9.97M | 5.79M | 5.10M | 2.45M |
| Change in Working Capital | -7.83M | -5.21M | -1.78M | 5.71M | 3.07M | 2.41M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 474.65M | 382.56M | 253.89M | 216.61M | 131.29M | 180.47M |
| Enterprise Value | 484.93M | 504.36M | 394.77M | 305.11M | 218.76M | 234.10M |
| Last Close Price | 67.27 | 52.76 | 26.91 | 21.77 | 11.87 | 15.03 |
| PE Ratio | 3.45 | 2.79 | 2.25 | 1.89 | 1.24 | 4.26 |
| Forward PE | 3.74 | 2.92 | 2.57 | 2.79 | 1.42 | 1.96 |
| PS Ratio | 2.09 | 1.68 | 1.19 | 1.14 | 0.72 | 1.92 |
| PB Ratio | 0.91 | 0.82 | 0.70 | 0.81 | 0.78 | 2.35 |
| P/TBV Ratio | 0.91 | 0.82 | 0.70 | 0.81 | 0.78 | 2.35 |
| P/FCF Ratio | 5.31 | 5.97 | 12.23 | 5.61 | ||
| P/OCF Ratio | 3.21 | 2.71 | 1.98 | 1.67 | 1.15 | 3.43 |
| EV/Sales Ratio | 2.14 | 2.21 | 1.85 | 1.61 | 1.20 | 2.49 |
| EV/EBITDA Ratio | 3.02 | 3.23 | 2.91 | 2.47 | 1.94 | 4.55 |
| EV/EBIT Ratio | 3.62 | 3.88 | 3.45 | 2.72 | 2.08 | 5.27 |
| EV/FCF Ratio | 5.43 | 7.87 | 17.22 | 9.35 | ||
| Debt / Equity Ratio | 0.39 | 0.47 | 0.57 | 0.49 | 0.64 | 1.55 |
| Debt / EBITDA Ratio | 1.29 | 1.39 | 1.51 | 1.05 | 0.95 | 2.31 |
| Debt / FCF Ratio | 2.31 | 3.38 | 7.35 | 4.58 | ||
| Net Debt / Equity Ratio | 0.02 | 0.09 | 0.36 | 0.27 | 0.48 | 1.20 |
| Net Debt / EBITDA Ratio | 0.06 | 0.26 | 0.97 | 0.58 | 0.71 | 1.79 |
| Net Debt / FCF Ratio | 0.12 | 0.63 | -2.59 | 4.04 | 3.43 | -4.28 |
| Asset Turnover | 0.32 | 0.35 | 0.42 | 0.50 | 0.66 | 0.57 |
| Inventory Turnover | 16.64 | 18.14 | 20.66 | 19.26 | 21.68 | 17.51 |
| Quick Ratio | 5.34 | 4.78 | 1.39 | 1.23 | 0.45 | 0.81 |
| Current Ratio | 5.46 | 4.89 | 1.48 | 1.29 | 0.64 | 0.89 |
| Return on Equity (ROE) | 29.20% | 33.15% | 35.83% | 52.70% | 86.73% | 76.58% |
| Return on Assets (ROA) | 11.83% | 12.58% | 14.07% | 18.61% | 23.87% | 16.73% |
| Return on Capital Employed (ROCE) | 18.80% | 19.70% | 21.40% | 30.00% | 41.20% | 24.10% |
| Earnings Yield | 29.00% | 35.80% | 44.42% | 52.88% | 80.92% | 23.81% |
| FCF Yield | 18.82% | 16.75% | -19.99% | 8.18% | 17.82% | -11.91% |
| Dividend Yield | 4.76% | 5.16% | 6.80% | 6.80% | 10.84% | |
| Payout Ratio | 15.64% | 13.84% | 14.93% | 12.21% | 10.17% | 0.99% |
| Buyback Yield / Dilution | -0.22% | 0.20% | -0.36% | 3.53% | -2.81% | -21.54% |
| Total Shareholder Return | 4.54% | 5.37% | 6.44% | 10.33% | 8.03% | -21.54% |