NYSE : CMDB
Costamare Bulkers Holdings Limited — Financial statements
Industrials · Marine Shipping · Monaco
Last price 20.02 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 486.52M
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Financial statements
Costamare Bulkers Holdings Limited (CMDB) reported revenue of 664.48M 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 | |
|---|---|---|---|---|---|
| Revenue | 664.48M | 597.22M | 1.20B | 663.12M | 316.47M |
| Cost of Revenue | 585.07M | 557.37M | 1.15B | 710.86M | 142.27M |
| Gross Profit | 79.41M | 39.85M | 48.38M | -47.75M | 174.20M |
| Selling, General & Admin | 36.93M | 30.29M | 48.44M | 41.78M | 27.08M |
| Operating Expenses | 73.00M | 58.70M | 85.82M | 81.40M | 66.74M |
| Operating Income | 6.40M | -18.85M | -37.45M | -129.15M | 107.46M |
| Interest Expense | -9.92M | -9.03M | -25.30M | -26.51M | -18.83M |
| Interest & Investment Income | 5.66M | 3.14M | 1.48M | 2.37M | |
| Currency Exchange Gain (Loss) | -333.00K | -303.00K | 11.00K | 429.00K | -176.00K |
| Other Non Operating Income (Expenses) | 19.73M | 13.64M | -42.26M | 8.12M | -1.13M |
| EBT Excluding Unusual Items | 21.54M | -11.40M | -103.52M | -144.74M | 87.32M |
| Merger & Restructuring Charges | -20.12M | -14.50M | |||
| Gain (Loss) on Sale of Assets | 2.85M | -11.46M | 3.79M | -7.63M | 3.45M |
| Asset Writedown | -434.00K | -1.69M | |||
| Other Unusual Items | 1.48M | 5.11M | 1.36M | ||
| Pretax Income | 4.27M | -37.35M | -98.25M | -147.70M | 90.44M |
| Net Income | 4.27M | -37.35M | -98.25M | -147.70M | 90.44M |
| Net Income to Common | 4.27M | -37.35M | -98.25M | -147.70M | 90.44M |
| Shares Outstanding (Basic) | 24.27M | 16.37M | |||
| Shares Outstanding (Diluted) | 24.27M | 16.37M | |||
| EPS (Basic) | 0.18 | -2.28 | |||
| EPS (Diluted) | 0.18 | -2.28 | |||
| Free Cash Flow | 24.34M | 43.90M | -228.39M | -272.73M | 61.87M |
| Free Cash Flow Per Share | 1.00 | 2.68 | |||
| Gross Margin | 11.95% | 6.67% | 4.05% | -7.20% | 55.05% |
| Operating Margin | 0.96% | -3.16% | -3.13% | -19.48% | 33.96% |
| Profit Margin | 0.64% | -6.25% | -8.22% | -22.27% | 28.58% |
| Free Cash Flow Margin | 3.66% | 7.35% | -19.11% | -41.13% | 19.55% |
| EBITDA | 42.47M | 9.56M | -63.00K | -89.53M | 147.12M |
| EBITDA Margin | 6.39% | 1.60% | -0.01% | -13.50% | 46.49% |
| D&A For EBITDA | 36.07M | 28.41M | 37.38M | 39.62M | 39.66M |
| EBIT | 6.40M | -18.85M | -37.45M | -129.15M | 107.46M |
| EBIT Margin | 0.96% | -3.16% | -3.13% | -19.48% | 33.96% |
| Revenue as Reported | 664.48M | 597.22M | 1.20B | 663.12M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 229.93M | 211.84M | 49.86M | 33.68M | 104.35M |
| Short-Term Investments | 704.00K | ||||
| Trading Asset Securities | 197.00K | 13.75M | 5.65M | ||
| Cash & Short-Term Investments | 229.93M | 211.84M | 50.05M | 47.43M | 110.71M |
| Accounts Receivable | 18.02M | 27.04M | 46.66M | 43.85M | 22.10M |
| Other Receivables | 3.85M | 4.79M | 2.84M | 3.30M | 2.57M |
| Receivables | 21.87M | 31.83M | 49.50M | 47.16M | 24.68M |
| Inventory | 15.39M | 14.22M | 44.50M | 47.64M | 10.02M |
| Prepaid Expenses | 31.92M | 21.31M | 40.88M | 43.38M | 1.81M |
| Restricted Cash | 150.00K | 941.00K | 3.12M | 4.27M | |
| Other Current Assets | 24.68M | 14.45M | 54.14M | 63.69M | |
| Total Current Assets | 323.94M | 293.65M | 240.02M | 252.42M | 151.49M |
| Property, Plant & Equipment | 564.36M | 607.21M | 969.82M | 898.88M | 685.44M |
| Long-Term Investments | 147.00K | 5.51M | 6.46M | ||
| Long-Term Accounts Receivable | 5.67M | 5.50M | 1.61M | 2.51M | 2.26M |
| Long-Term Deferred Charges | 21.09M | 18.36M | 19.12M | 18.60M | 16.18M |
| Other Long-Term Assets | 5.75M | 4.70M | 10.29M | 8.60M | 10.01M |
| Total Assets | 920.81M | 929.42M | 1.24B | 1.19B | 871.84M |
| Accounts Payable | 23.44M | 26.03M | 41.48M | 35.19M | 3.96M |
| Accrued Expenses | 12.53M | 14.88M | 15.06M | 22.06M | 31.77M |
| Short-Term Debt | 85.00M | ||||
| Current Portion of Long-Term Debt | 16.37M | 14.99M | 30.50M | 61.15M | 53.85M |
| Current Portion of Leases | 16.70M | 39.16M | 205.17M | 160.99M | |
| Current Unearned Revenue | 14.04M | 11.91M | 22.91M | 27.84M | 4.07M |
| Other Current Liabilities | 14.29M | 16.21M | 20.53M | 3.54M | 473.00K |
| Total Current Liabilities | 97.37M | 123.18M | 420.66M | 310.77M | 94.13M |
| Long-Term Debt | 121.51M | 140.60M | 305.72M | 285.30M | 331.70M |
| Long-Term Leases | 17.62M | 87.42M | 114.06M | ||
| Other Long-Term Liabilities | 1.55M | 5.17M | 1.70M | ||
| Total Liabilities | 238.06M | 263.77M | 818.98M | 711.83M | 425.83M |
| Common Stock | 2.00K | 2.00K | 250.00K | 250.00K | 142.00K |
| Additional Paid-In Capital | 704.99M | 702.99M | 207.28M | 207.28M | 103.64M |
| Retained Earnings | -22.24M | -37.35M | -98.06M | 194.00K | 147.89M |
| Comprehensive Income & Other | 312.55M | 266.96M | 194.34M | ||
| Shareholders' Equity | 682.75M | 665.65M | 422.02M | 474.69M | 446.01M |
| Total Liabilities & Equity | 920.81M | 929.42M | 1.24B | 1.19B | 871.84M |
| Total Debt | 172.20M | 194.75M | 713.83M | 621.51M | 385.55M |
| Net Cash (Debt) | 57.73M | 17.10M | -663.77M | -574.08M | -274.85M |
| Net Cash Per Share | 2.38 | 1.04 | |||
| Filing Date Shares Outstanding | 24.30M | 24.18M | |||
| Total Common Shares Outstanding | 24.30M | 24.18M | |||
| Working Capital | 226.57M | 170.47M | -180.64M | -58.35M | 57.37M |
| Book Value Per Share | 28.09 | 27.53 | |||
| Tangible Book Value | 682.75M | 665.65M | 422.02M | 474.69M | 446.01M |
| Tangible Book Value Per Share | 28.09 | 27.53 | |||
| Machinery | 566.91M | 592.60M | 770.70M | 689.36M | 735.80M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Net Income | 4.27M | -37.35M | -98.25M | -147.70M | 90.44M |
| Depreciation & Amortization | 36.07M | 28.41M | 37.38M | 39.62M | 39.66M |
| Other Amortization | 7.91M | 6.09M | 7.65M | 5.41M | 4.16M |
| Loss (Gain) From Sale of Assets | -2.85M | 11.46M | -3.79M | 7.63M | -3.45M |
| Asset Writedown & Restructuring Costs | 434.00K | 1.69M | |||
| Stock-Based Compensation | 3.80M | 2.12M | 2.99M | 2.30M | 2.73M |
| Other Operating Activities | -8.76M | -5.26M | 33.93M | -3.47M | 585.00K |
| Change in Accounts Receivable | 36.30M | 32.33M | -28.03M | -33.64M | -6.65M |
| Change in Inventory | 19.26M | 25.69M | 3.14M | -37.62M | -2.50M |
| Change in Accounts Payable | -5.56M | -2.17M | 6.29M | 31.22M | -6.18M |
| Change in Unearned Revenue | -2.57M | -2.52M | -3.56M | 22.58M | -1.48M |
| Change in Other Net Operating Assets | -9.32M | 16.80M | -13.29M | -83.56M | -1.40M |
| Operating Cash Flow | 78.55M | 75.59M | -55.53M | -196.79M | 117.60M |
| Capital Expenditures | -54.22M | -31.69M | -172.86M | -75.93M | -55.72M |
| Sale of Property, Plant & Equipment | 108.15M | 83.00M | 123.92M | 64.16M | 17.99M |
| Cash Acquisitions | 22.80M | ||||
| Other Investing Activities | 1.14M | 427.00K | 2.19M | 2.08M | 853.00K |
| Investing Cash Flow | 55.08M | 74.54M | -46.76M | -9.69M | -36.88M |
| Short-Term Debt Issued | 85.00M | ||||
| Long-Term Debt Issued | 15.30M | 393.01M | 105.23M | 286.78M | |
| Total Debt Issued | 15.30M | 15.30M | 478.01M | 105.23M | 286.78M |
| Long-Term Debt Repaid | -182.50M | -402.51M | -144.67M | -265.02M | |
| Net Debt Issued (Repaid) | -29.82M | -167.20M | 75.50M | -39.44M | 21.76M |
| Issuance of Common Stock | 103.75M | 103.76M | |||
| Other Financing Activities | -103.00K | 230.46M | 41.43M | 68.94M | -99.49M |
| Financing Cash Flow | -29.92M | 63.26M | 116.92M | 133.25M | 26.03M |
| Net Cash Flow | 103.71M | 213.39M | 14.64M | -73.23M | 106.75M |
| Free Cash Flow | 24.34M | 43.90M | -228.39M | -272.73M | 61.87M |
| Free Cash Flow Margin | 3.66% | 7.35% | -19.11% | -41.13% | 19.55% |
| Free Cash Flow Per Share | 1.00 | 2.68 | |||
| Levered Free Cash Flow | 34.77M | 65.24M | -137.67M | -241.74M | |
| Unlevered Free Cash Flow | 39.93M | 70.00M | -123.23M | -226.14M | |
| Cash Interest Paid | 8.91M | 8.61M | 25.57M | 21.40M | 13.44M |
| Change in Working Capital | 38.12M | 70.13M | -35.44M | -101.02M | -18.23M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Market Capitalization | 450.31M | 374.49M | |||
| Enterprise Value | 392.58M | 498.73M | |||
| Last Close Price | 18.53 | 15.41 | |||
| PS Ratio | 0.68 | 0.63 | |||
| PB Ratio | 0.66 | 0.56 | |||
| P/TBV Ratio | 0.66 | 0.56 | |||
| P/FCF Ratio | 18.50 | 8.53 | |||
| P/OCF Ratio | 5.73 | 4.95 | |||
| EV/Sales Ratio | 0.59 | 0.83 | |||
| EV/EBITDA Ratio | 9.24 | 52.16 | |||
| EV/FCF Ratio | 16.13 | 11.36 | |||
| Debt / Equity Ratio | 0.25 | 0.29 | 1.69 | 1.31 | 0.86 |
| Debt / EBITDA Ratio | 0.46 | 0.58 | 1.01 | 2.47 | 2.62 |
| Debt / FCF Ratio | 7.08 | 4.44 | 6.23 | ||
| Net Debt / Equity Ratio | -0.09 | -0.03 | 1.57 | 1.21 | 0.62 |
| Net Debt / EBITDA Ratio | -1.36 | -1.79 | -10,536.03 | -6.41 | 1.87 |
| Net Debt / FCF Ratio | -2.37 | -0.39 | -2.91 | -2.10 | 4.44 |
| Asset Turnover | 0.65 | 0.55 | 0.98 | 0.64 | |
| Inventory Turnover | 23.38 | 18.98 | 24.90 | 24.66 | |
| Quick Ratio | 2.59 | 1.98 | 0.24 | 0.30 | 1.44 |
| Current Ratio | 3.33 | 2.38 | 0.57 | 0.81 | 1.61 |
| Return on Equity (ROE) | 0.63% | -6.87% | -21.92% | -32.08% | |
| Return on Assets (ROA) | 0.39% | -1.08% | -1.93% | -7.84% | |
| Return on Capital Employed (ROCE) | 0.80% | -2.30% | -4.60% | -14.70% | 13.80% |
| Earnings Yield | 0.95% | -9.97% | |||
| FCF Yield | 5.40% | 11.72% |