NYSE : CMRE
Costamare Inc. — Financial statements
Industrials · Marine Shipping · Monaco
Last price 14.16 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.71B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Costamare Inc. (CMRE) reported revenue of 852.60M 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 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 817.07M | 846.67M | 864.54M | 839.37M | 1.11B | 793.64M |
| Other Revenue | 35.53M | 31.23M | 23.95M | 8.91M | ||
| Revenue | 852.60M | 877.90M | 888.49M | 848.29M | 1.11B | 793.64M |
| Cost of Revenue | 267.44M | 245.53M | 213.20M | 200.58M | 347.20M | 214.81M |
| Gross Profit | 585.16M | 632.37M | 675.30M | 647.71M | 766.65M | 578.83M |
| Selling, General & Admin | 57.57M | 48.91M | 53.32M | 45.70M | 66.26M | 46.44M |
| Operating Expenses | 188.25M | 178.45M | 180.14M | 172.42M | 232.26M | 183.40M |
| Operating Income | 396.92M | 453.92M | 495.15M | 475.28M | 534.39M | 395.43M |
| Interest Expense | -84.50M | -96.03M | -123.42M | -124.23M | -117.64M | -78.70M |
| Interest & Investment Income | 13.74M | 19.32M | 31.71M | 30.08M | 5.96M | 3.42M |
| Earnings From Equity Investments | 12.00K | 764.00K | 2.30M | 12.86M | ||
| Currency Exchange Gain (Loss) | -2.15M | 2.27M | -5.45M | 2.15M | 3.21M | 29.00K |
| Other Non Operating Income (Expenses) | 15.90M | 17.07M | 9.34M | 17.31M | -1.89M | -8.60M |
| EBT Excluding Unusual Items | 339.91M | 396.55M | 407.34M | 401.36M | 426.32M | 324.44M |
| Gain (Loss) on Sale of Investments | 60.16M | |||||
| Gain (Loss) on Sale of Assets | 117.54M | 126.34M | 45.89M | |||
| Asset Writedown | -1.69M | |||||
| Other Unusual Items | 3.73M | 4.62M | ||||
| Pretax Income | 339.91M | 396.55M | 407.34M | 518.90M | 554.69M | 435.12M |
| Earnings From Continuing Operations | 339.91M | 396.55M | 407.34M | 518.90M | 554.69M | 435.12M |
| Earnings From Discontinued Operations | -27.55M | -91.01M | -137.88M | |||
| Net Income to Company | 339.91M | 369.00M | 316.33M | 381.02M | 554.69M | 435.12M |
| Minority Interest in Earnings | -5.20M | -4.42M | 3.58M | 4.73M | 263.00K | |
| Net Income | 334.71M | 364.57M | 319.92M | 385.75M | 554.96M | 435.12M |
| Preferred Dividends & Other Adjustments | 20.92M | 20.92M | 29.24M | 31.07M | 31.07M | 31.07M |
| Net Income to Common | 313.79M | 343.65M | 290.68M | 354.68M | 523.89M | 404.05M |
| Shares Outstanding (Basic) | 120.67M | 120.20M | 119.30M | 120.30M | 122.96M | 123.07M |
| Shares Outstanding (Diluted) | 120.67M | 120.20M | 119.30M | 120.30M | 122.96M | 123.07M |
| EPS (Basic) | 2.60 | 2.86 | 2.44 | 2.95 | 4.26 | 3.28 |
| EPS (Diluted) | 2.60 | 2.86 | 2.44 | 2.95 | 4.26 | 3.28 |
| Free Cash Flow | 242.16M | 430.10M | 124.90M | 519.70M | -525.60M | |
| Free Cash Flow Per Share | 2.02 | 3.60 | 1.04 | 4.23 | -4.27 | |
| Dividend Per Share | 0.48 | 0.46 | 0.46 | 0.46 | 0.46 | 0.45 |
| Gross Margin | 68.63% | 72.03% | 76.00% | 76.35% | 68.83% | 72.93% |
| Operating Margin | 46.55% | 51.70% | 55.73% | 56.03% | 47.98% | 49.83% |
| Profit Margin | 36.80% | 39.15% | 32.72% | 41.81% | 47.03% | 50.91% |
| Free Cash Flow Margin | 27.58% | 48.41% | 14.72% | 46.66% | -66.23% | |
| EBITDA | 528.25M | 583.53M | 621.44M | 601.74M | 700.53M | 531.90M |
| EBITDA Margin | 61.96% | 66.47% | 69.94% | 70.94% | 62.89% | 67.02% |
| D&A For EBITDA | 131.33M | 129.60M | 126.29M | 126.46M | 166.13M | 136.47M |
| EBIT | 396.92M | 453.92M | 495.15M | 475.28M | 534.39M | 395.43M |
| EBIT Margin | 46.55% | 51.70% | 55.73% | 56.03% | 47.98% | 49.83% |
| Revenue as Reported | 852.60M | 877.90M | 888.49M | 848.29M | 1.11B | 793.64M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 653.14M | 519.85M | 656.88M | 745.54M | 718.05M | 276.00M |
| Short-Term Investments | 83.20M | 74.35M | 49.06M | 44.85M | 120.01M | |
| Cash & Short-Term Investments | 736.34M | 594.20M | 705.94M | 790.40M | 838.06M | 276.00M |
| Accounts Receivable | 17.87M | 17.16M | 28.59M | 84.71M | 41.03M | 27.89M |
| Other Receivables | 12.98M | 7.00M | 8.04M | 20.45M | 5.67M | 3.97M |
| Receivables | 30.85M | 24.16M | 36.63M | 105.16M | 46.70M | 31.86M |
| Inventory | 16.39M | 14.12M | 13.16M | 61.27M | 28.04M | 21.36M |
| Prepaid Expenses | 52.64M | 44.64M | 16.82M | 52.31M | 10.62M | 8.60M |
| Restricted Cash | 6.19M | 8.12M | 17.20M | 10.64M | 9.77M | 8.86M |
| Other Current Assets | 47.96M | 5.42M | 250.47M | 97.88M | 81.43M | 79.45M |
| Total Current Assets | 890.37M | 690.67M | 1.04B | 1.12B | 1.01B | 426.12M |
| Property, Plant & Equipment | 2.99B | 2.74B | 2.75B | 3.77B | 3.67B | 3.84B |
| Long-Term Investments | 327.55M | 309.51M | 222.09M | 192.23M | 20.97M | 23.30M |
| Other Intangible Assets | 74.00K | 269.00K | 468.00K | 667.00K | ||
| Long-Term Accounts Receivable | 24.81M | 14.95M | 9.42M | 30.42M | 11.63M | 8.18M |
| Long-Term Deferred Charges | 74.71M | 53.79M | 52.69M | 72.80M | 55.03M | 31.86M |
| Other Long-Term Assets | 59.41M | 54.75M | 1.07B | 103.24M | 126.64M | 75.41M |
| Total Assets | 4.36B | 3.86B | 5.15B | 5.29B | 4.90B | 4.41B |
| Accounts Payable | 13.20M | 11.65M | 8.08M | 49.94M | 19.54M | 18.86M |
| Accrued Expenses | 23.96M | 29.46M | 22.05M | 39.52M | 52.50M | 29.00M |
| Current Portion of Long-Term Debt | 203.16M | 268.13M | 287.36M | 347.03M | 320.11M | 272.37M |
| Current Portion of Leases | 23.88M | 163.68M | 16.68M | |||
| Current Unearned Revenue | 55.21M | 42.63M | 24.90M | 52.18M | 25.23M | 23.83M |
| Other Current Liabilities | 57.74M | 46.70M | 379.29M | 10.43M | 5.71M | 9.29M |
| Total Current Liabilities | 353.28M | 398.57M | 745.56M | 662.77M | 423.09M | 370.03M |
| Long-Term Debt | 1.60B | 1.25B | 1.41B | 2.00B | 2.26B | 2.17B |
| Long-Term Leases | 137.94M | 99.69M | ||||
| Long-Term Unearned Revenue | 32.44M | 43.16M | 14.62M | 27.35M | 34.54M | 33.87M |
| Other Long-Term Liabilities | 14.87M | 15.27M | 406.97M | 21.01M | 17.14M | 7.84M |
| Total Liabilities | 2.01B | 1.70B | 2.58B | 2.85B | 2.74B | 2.68B |
| Common Stock | 13.00K | 13.00K | 13.00K | 13.00K | 12.00K | 12.00K |
| Additional Paid-In Capital | 1.34B | 1.33B | 1.34B | 1.44B | 1.42B | 1.39B |
| Retained Earnings | 1.07B | 868.73M | 1.28B | 1.05B | 746.66M | 341.48M |
| Treasury Stock | -120.09M | -120.09M | -120.09M | -120.09M | -60.09M | |
| Comprehensive Income & Other | -1.03M | 4.32M | 17.34M | 21.39M | 46.42M | -2.23M |
| Total Common Equity | 2.29B | 2.09B | 2.51B | 2.38B | 2.16B | 1.73B |
| Minority Interest | 72.64M | 72.76M | 57.55M | 56.23M | ||
| Shareholders' Equity | 2.36B | 2.16B | 2.57B | 2.44B | 2.16B | 1.73B |
| Total Liabilities & Equity | 4.36B | 3.86B | 5.15B | 5.29B | 4.90B | 4.41B |
| Total Debt | 1.81B | 1.51B | 1.72B | 2.65B | 2.58B | 2.56B |
| Net Cash (Debt) | -1.07B | -920.64M | -1.02B | -1.86B | -1.75B | -2.28B |
| Net Cash Per Share | -8.88 | -7.66 | -8.51 | -15.44 | -14.20 | -18.55 |
| Filing Date Shares Outstanding | 120.90M | 120.58M | 119.95M | 118.37M | 122.30M | 123.99M |
| Total Common Shares Outstanding | 120.90M | 120.58M | 119.95M | 118.37M | 122.30M | 123.99M |
| Working Capital | 537.09M | 292.10M | 294.66M | 454.89M | 591.53M | 56.10M |
| Book Value Per Share | 18.91 | 17.30 | 20.95 | 20.13 | 17.64 | 13.92 |
| Tangible Book Value | 2.29B | 2.09B | 2.51B | 2.38B | 2.16B | 1.73B |
| Tangible Book Value Per Share | 18.91 | 17.30 | 20.95 | 20.12 | 17.63 | 13.91 |
| Machinery | 4.16B | 4.01B | 4.69B | 4.80B | 4.69B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 364.57M | 319.92M | 385.75M | 554.96M | 435.12M | |
| Depreciation & Amortization | 129.60M | 126.29M | 126.46M | 166.13M | 136.47M | |
| Other Amortization | 26.15M | 24.85M | 23.29M | 23.74M | 17.14M | |
| Loss (Gain) From Sale of Assets | -117.54M | -126.34M | -45.89M | |||
| Asset Writedown & Restructuring Costs | 1.69M | |||||
| Loss (Gain) From Sale of Investments | 63.00K | 63.00K | 63.00K | 63.00K | -60.10M | |
| Loss (Gain) on Equity Investments | -12.00K | -764.00K | -2.30M | -12.86M | ||
| Stock-Based Compensation | 6.98M | 8.43M | 5.85M | 7.09M | 7.41M | |
| Provision & Write-off of Bad Debts | -324.00K | |||||
| Other Operating Activities | 11.14M | 96.55M | 132.69M | -2.97M | -34.00K | |
| Change in Accounts Receivable | 8.09M | 19.49M | 5.83M | -8.78M | -24.13M | |
| Change in Inventory | -965.00K | 466.00K | 4.65M | -6.67M | -9.92M | |
| Change in Accounts Payable | 3.32M | -3.64M | -3.33M | -710.00K | 9.64M | |
| Change in Unearned Revenue | 1.81M | 676.00K | -5.39M | -2.27M | 11.35M | |
| Change in Other Net Operating Assets | -13.90M | -6.22M | -33.97M | -22.04M | 2.62M | |
| Operating Cash Flow | 544.27M | 537.72M | 331.37M | 581.59M | 466.49M | |
| Capital Expenditures | -302.12M | -107.62M | -206.46M | -61.90M | -992.09M | |
| Sale of Property, Plant & Equipment | 160.07M | 220.32M | 122.64M | |||
| Cash Acquisitions | -1.69M | -282.00K | 2.80M | |||
| Investment in Securities | -234.00K | 463.00K | 107.79M | -118.70M | 80.97M | |
| Other Investing Activities | 135.03M | 27.93M | -85.11M | 2.77M | 1.03M | |
| Investing Cash Flow | -169.01M | -79.51M | -20.91M | 42.49M | -787.46M | |
| Long-Term Debt Issued | 507.22M | 135.00M | 470.98M | 1.01B | 1.23B | |
| Long-Term Debt Repaid | -838.61M | -559.48M | -758.26M | -984.31M | -655.40M | |
| Net Debt Issued (Repaid) | -331.39M | -424.49M | -287.28M | 29.97M | 570.00M | |
| Repurchase of Common Stock | -60.00M | -60.09M | ||||
| Preferred Dividends Paid | -31.07M | -31.07M | ||||
| Common Dividends Paid | -41.78M | -40.20M | ||||
| Dividends Paid | -79.29M | -74.15M | -71.87M | -72.85M | -71.26M | |
| Other Financing Activities | -172.25M | 107.51M | 122.33M | -16.38M | -16.14M | |
| Financing Cash Flow | -582.92M | -505.48M | -296.81M | -166.05M | 482.59M | |
| Net Cash Flow | -207.66M | -47.27M | 13.65M | 458.03M | 161.63M | |
| Free Cash Flow | 242.16M | 430.10M | 124.90M | 519.70M | -525.60M | |
| Free Cash Flow Margin | 27.58% | 48.41% | 14.72% | 46.66% | -66.23% | |
| Free Cash Flow Per Share | 2.02 | 3.60 | 1.04 | 4.23 | -4.27 | |
| Levered Free Cash Flow | 18.22M | 559.52M | 66.93M | 391.09M | -694.02M | |
| Unlevered Free Cash Flow | 71.88M | 629.15M | 136.63M | 454.36M | -651.54M | |
| Cash Interest Paid | 92.22M | 122.10M | 126.48M | 100.70M | 71.81M | |
| Change in Working Capital | -1.64M | 10.78M | -32.21M | -40.48M | -10.44M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.71B | 1.90B | 1.54B | 1.23B | 1.13B | 1.56B |
| Enterprise Value | 2.78B | 3.00B | 3.23B | 3.29B | 3.15B | 3.82B |
| Last Close Price | 14.16 | 15.30 | 8.83 | 6.90 | 5.87 | 7.46 |
| PE Ratio | 5.45 | 5.53 | 5.30 | 3.46 | 2.16 | 3.87 |
| Forward PE | 5.48 | 5.39 | 4.60 | 4.09 | 2.88 | 3.17 |
| PS Ratio | 2.01 | 2.17 | 1.73 | 1.45 | 1.01 | 1.97 |
| PB Ratio | 0.75 | 0.88 | 0.60 | 0.50 | 0.52 | 0.91 |
| P/TBV Ratio | 0.75 | 0.91 | 0.61 | 0.52 | 0.52 | 0.91 |
| P/FCF Ratio | 7.85 | 3.58 | 9.81 | 2.17 | ||
| P/OCF Ratio | 3.66 | 3.49 | 2.86 | 3.70 | 1.94 | 3.35 |
| PEG Ratio | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | |
| EV/Sales Ratio | 3.26 | 3.41 | 3.64 | 3.87 | 2.83 | 4.81 |
| EV/EBITDA Ratio | 5.27 | 5.14 | 5.20 | 5.46 | 4.50 | 7.18 |
| EV/EBIT Ratio | 7.01 | 6.60 | 6.52 | 6.91 | 5.90 | 9.66 |
| EV/FCF Ratio | 12.38 | 7.51 | 26.31 | 6.07 | ||
| Debt / Equity Ratio | 0.77 | 0.70 | 0.67 | 1.09 | 1.20 | 1.48 |
| Debt / EBITDA Ratio | 3.42 | 2.60 | 2.77 | 2.61 | 3.69 | 4.81 |
| Debt / FCF Ratio | 6.26 | 4.00 | 21.20 | 4.97 | ||
| Net Debt / Equity Ratio | 0.45 | 0.43 | 0.40 | 0.76 | 0.81 | 1.32 |
| Net Debt / EBITDA Ratio | 2.03 | 1.58 | 1.64 | 3.09 | 2.49 | 4.29 |
| Net Debt / FCF Ratio | 3.80 | 2.36 | 14.87 | 3.36 | -4.34 | |
| Asset Turnover | 0.21 | 0.20 | 0.17 | 0.17 | 0.24 | 0.21 |
| Inventory Turnover | 17.21 | 18.00 | 5.73 | 4.49 | 14.06 | 13.50 |
| Quick Ratio | 2.17 | 1.55 | 1.00 | 1.35 | 2.09 | 0.83 |
| Current Ratio | 2.52 | 1.73 | 1.40 | 1.69 | 2.40 | 1.15 |
| Return on Equity (ROE) | 15.25% | 16.77% | 16.26% | 22.58% | 28.57% | 28.30% |
| Return on Assets (ROA) | 6.03% | 6.30% | 5.93% | 5.83% | 7.18% | 6.66% |
| Return on Capital Employed (ROCE) | 9.90% | 13.10% | 11.20% | 10.30% | 11.90% | 9.80% |
| Earnings Yield | 18.36% | 19.17% | 20.78% | 31.47% | 49.13% | 27.84% |
| FCF Yield | -7.79% | 12.73% | 27.94% | 10.19% | 46.01% | -33.62% |
| Dividend Yield | 3.53% | 2.92% | 3.58% | 4.44% | 4.98% | 3.53% |
| Payout Ratio | 19.23% | 21.75% | 23.18% | 18.63% | 13.13% | 16.38% |
| Buyback Yield / Dilution | -0.52% | -0.75% | 0.83% | 2.17% | 0.09% | -1.97% |
| Total Shareholder Return | 3.01% | 2.16% | 4.42% | 6.61% | 5.07% | 1.56% |