NYSE : NMM
Navios Maritime Partners L.P. — Financial statements
Industrials · Marine Shipping · Greece
Last price 90.02 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.60B
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Financial statements
Navios Maritime Partners L.P. (NMM) reported revenue of 1.48B 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 | 1.48B | 1.34B | 1.33B | 1.31B | 1.21B | 713.17M |
| Cost of Revenue | 143.08M | 127.76M | 146.43M | 160.23M | 168.12M | 59.59M |
| Gross Profit | 1.34B | 1.22B | 1.19B | 1.15B | 1.04B | 653.59M |
| Selling, General & Admin | 477.55M | 476.41M | 447.57M | 435.29M | 379.20M | 232.91M |
| Other Operating Expenses | 13.63M | 14.72M | 8.70M | 14.44M | 14.02M | 7.70M |
| Operating Expenses | 845.29M | 840.07M | 748.34M | 710.88M | 595.04M | 353.43M |
| Operating Income | 491.27M | 376.32M | 439.30M | 435.78M | 447.36M | 300.15M |
| Interest Expense | -122.44M | -130.71M | -124.06M | -128.86M | -82.56M | -42.76M |
| Interest & Investment Income | 13.71M | 12.81M | 13.80M | 10.70M | 856.00K | 859.00K |
| Earnings From Equity Investments | 80.84M | |||||
| Other Non Operating Income (Expenses) | 6.59M | 9.99M | 12.84M | 16.36M | 75.50M | 108.83M |
| EBT Excluding Unusual Items | 389.13M | 268.41M | 341.87M | 333.98M | 441.16M | 447.92M |
| Merger & Restructuring Charges | -10.44M | |||||
| Gain (Loss) on Sale of Assets | 58.79M | 16.93M | 25.76M | 50.25M | 149.35M | 33.62M |
| Other Unusual Items | -322.00K | 49.42M | -11.26M | 40.17M | ||
| Pretax Income | 447.92M | 285.33M | 367.31M | 433.64M | 579.25M | 511.27M |
| Earnings From Continuing Operations | 447.92M | 285.33M | 367.31M | 433.64M | 579.25M | 511.27M |
| Minority Interest in Earnings | 4.91M | |||||
| Net Income | 447.92M | 285.33M | 367.31M | 433.64M | 579.25M | 516.19M |
| Net Income to Common | 447.92M | 285.33M | 367.31M | 433.64M | 579.25M | 516.19M |
| Shares Outstanding (Basic) | 28.99M | 29.29M | 30.32M | 30.81M | 30.81M | 30.82M |
| Shares Outstanding (Diluted) | 28.99M | 29.29M | 30.32M | 30.81M | 30.81M | 30.82M |
| EPS (Basic) | 15.45 | 9.74 | 12.12 | 14.08 | 18.80 | 16.75 |
| EPS (Diluted) | 15.45 | 9.74 | 12.12 | 14.08 | 18.80 | 16.75 |
| Free Cash Flow | -165.76M | -35.99M | -523.65M | 95.30M | -104.24M | -1.71M |
| Free Cash Flow Per Share | -5.72 | -1.23 | -17.27 | 3.09 | -3.38 | -0.06 |
| Dividend Per Share | 0.22 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 |
| Gross Margin | 90.33% | 90.50% | 89.02% | 87.74% | 86.11% | 91.64% |
| Operating Margin | 33.20% | 28.00% | 32.93% | 33.34% | 36.96% | 42.09% |
| Profit Margin | 30.27% | 21.23% | 27.53% | 33.18% | 47.85% | 72.38% |
| Free Cash Flow Margin | -11.20% | -2.68% | -39.25% | 7.29% | -8.61% | -0.24% |
| EBITDA | 835.91M | 713.57M | 718.65M | 677.00M | 574.22M | 304.43M |
| EBITDA Margin | 56.49% | 53.09% | 53.87% | 51.80% | 47.44% | 42.69% |
| D&A For EBITDA | 344.64M | 337.25M | 279.36M | 241.22M | 126.86M | 4.28M |
| EBIT | 491.27M | 376.32M | 439.30M | 435.78M | 447.36M | 300.15M |
| EBIT Margin | 33.20% | 28.00% | 32.93% | 33.34% | 36.96% | 42.09% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 352.62M | 402.78M | 270.17M | 240.38M | 157.81M | 159.47M |
| Short-Term Investments | 116.48M | 10.48M | 12.29M | 47.00M | ||
| Cash & Short-Term Investments | 469.10M | 413.27M | 282.45M | 287.38M | 157.81M | 159.47M |
| Accounts Receivable | 50.59M | 34.07M | 33.40M | 42.24M | 75.03M | 23.77M |
| Other Receivables | 1.96M | 6.48M | 42.34M | 8.51M | 12.69M | 5.57M |
| Receivables | 52.55M | 40.55M | 75.74M | 50.74M | 87.72M | 29.34M |
| Inventory | 31.94M | 32.79M | 37.57M | 32.67M | 21.07M | |
| Restricted Cash | 189.00K | 186.00K | 29.62M | 8.80M | 17.28M | 9.98M |
| Other Current Assets | 26.10M | 22.38M | 15.26M | 14.94M | 6.48M | |
| Total Current Assets | 602.33M | 512.05M | 442.99M | 399.75M | 310.42M | 226.34M |
| Property, Plant & Equipment | 4.78B | 4.61B | 4.49B | 4.01B | 4.10B | 3.10B |
| Other Intangible Assets | 133.00K | 3.23M | 42.31M | 60.43M | 78.72M | 100.42M |
| Long-Term Deferred Charges | 258.20M | 264.38M | 196.19M | 145.93M | 100.00M | 69.88M |
| Other Long-Term Assets | 622.31M | 540.50M | 506.65M | 535.82M | 306.19M | 129.75M |
| Total Assets | 6.26B | 5.93B | 5.67B | 5.15B | 4.90B | 3.62B |
| Accounts Payable | 10.63M | 6.88M | 9.63M | 17.10M | 16.76M | 10.61M |
| Accrued Expenses | 51.87M | 58.48M | 41.99M | 32.00M | 26.41M | 23.34M |
| Current Portion of Long-Term Debt | 132.78M | 134.42M | 163.23M | 146.34M | 174.14M | 172.85M |
| Current Portion of Leases | 111.00M | 170.53M | 128.60M | 168.83M | 256.81M | 100.58M |
| Current Unearned Revenue | 50.99M | 61.36M | 66.21M | 63.31M | 38.88M | 23.92M |
| Other Current Liabilities | 36.22M | 23.48M | 32.03M | 104.75M | 64.20M | |
| Total Current Liabilities | 393.49M | 455.15M | 409.67M | 459.60M | 617.74M | 395.50M |
| Long-Term Debt | 1.31B | 1.27B | 917.10M | 751.78M | 689.69M | 640.94M |
| Long-Term Leases | 914.75M | 801.30M | 1.16B | 1.07B | 1.14B | 691.14M |
| Long-Term Unearned Revenue | 45.95M | 49.18M | 55.53M | 63.91M | 50.14M | 3.50M |
| Other Long-Term Liabilities | 9.79M | 12.02M | 23.70M | 36.57M | 59.25M | 122.48M |
| Total Liabilities | 2.67B | 2.59B | 2.57B | 2.38B | 2.55B | 1.85B |
| Common Stock | 3.59B | 3.34B | 3.11B | 2.77B | 2.34B | 1.77B |
| Comprehensive Income & Other | -565.00K | -2.26M | ||||
| Shareholders' Equity | 3.59B | 3.34B | 3.11B | 2.77B | 2.34B | 1.77B |
| Total Liabilities & Equity | 6.26B | 5.93B | 5.67B | 5.15B | 4.90B | 3.62B |
| Total Debt | 2.47B | 2.38B | 2.37B | 2.13B | 2.26B | 1.61B |
| Net Cash (Debt) | -2.00B | -1.96B | -2.09B | -1.84B | -2.10B | -1.45B |
| Net Cash Per Share | -68.86 | -67.05 | -68.84 | -59.88 | -68.13 | -46.92 |
| Filing Date Shares Outstanding | 28.93M | 29.17M | 30.11M | 30.81M | 30.81M | 30.82M |
| Total Common Shares Outstanding | 28.99M | 29.29M | 30.32M | 30.81M | 30.81M | 30.82M |
| Working Capital | 208.84M | 56.91M | 33.33M | -59.85M | -307.32M | -169.16M |
| Book Value Per Share | 123.97 | 114.07 | 102.47 | 89.93 | 76.05 | 57.42 |
| Tangible Book Value | 3.59B | 3.34B | 3.06B | 2.71B | 2.26B | 1.67B |
| Tangible Book Value Per Share | 123.97 | 113.96 | 101.08 | 87.97 | 73.50 | 54.16 |
| Machinery | 5.20B | 4.88B | 4.59B | 3.78B | 3.76B | 3.22B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 447.92M | 285.33M | 367.31M | 433.64M | 579.25M | 516.19M |
| Depreciation & Amortization | 344.64M | 337.25M | 279.36M | 250.14M | 130.77M | 4.28M |
| Other Amortization | 10.58M | 10.71M | 7.84M | 7.19M | 34.27M | 19.88M |
| Loss (Gain) From Sale of Assets | -58.79M | -16.93M | -25.76M | -50.25M | -149.35M | -33.62M |
| Loss (Gain) on Equity Investments | -80.84M | |||||
| Stock-Based Compensation | 4.00K | 154.00K | 523.00K | |||
| Other Operating Activities | -23.09M | -15.42M | -9.98M | 54.40M | 51.05M | -52.87M |
| Change in Accounts Receivable | -29.23M | -671.00K | 8.84M | 32.79M | -46.56M | 344.00K |
| Change in Accounts Payable | -8.00M | 128.00K | -7.73M | -1.63M | 3.40M | 1.26M |
| Change in Unearned Revenue | 5.48M | 5.30M | 929.00K | -8.28M | 11.49M | 17.74M |
| Change in Other Net Operating Assets | -149.42M | -100.71M | -137.33M | -157.69M | -108.13M | -115.71M |
| Operating Cash Flow | 540.10M | 504.99M | 483.48M | 560.32M | 506.34M | 277.17M |
| Capital Expenditures | -705.86M | -540.98M | -1.01B | -465.02M | -610.58M | -278.88M |
| Sale of Property, Plant & Equipment | 280.38M | 191.12M | 190.29M | 259.00M | 284.48M | 121.08M |
| Cash Acquisitions | 9.86M | 42.68M | ||||
| Investment in Securities | -105.09M | 1.81M | 34.71M | -47.00M | ||
| Other Investing Activities | 8.87M | |||||
| Investing Cash Flow | -530.57M | -348.05M | -782.13M | -253.01M | -316.24M | -106.25M |
| Long-Term Debt Issued | 1.07B | 966.14M | 609.72M | 479.74M | 735.28M | |
| Long-Term Debt Repaid | -1.06B | -574.99M | -822.74M | -651.88M | -959.15M | |
| Net Debt Issued (Repaid) | 25.43M | 12.55M | 391.15M | -213.02M | -172.14M | -223.88M |
| Issuance of Common Stock | 208.46M | |||||
| Repurchase of Common Stock | -40.00M | -43.00M | -25.00M | |||
| Common Dividends Paid | -6.16M | -5.96M | -6.13M | -6.16M | -6.16M | -4.62M |
| Other Financing Activities | -13.62M | -17.35M | -10.76M | -14.04M | -6.14M | -12.16M |
| Financing Cash Flow | -34.34M | -53.76M | 349.26M | -233.22M | -184.45M | -32.20M |
| Net Cash Flow | -24.81M | 103.18M | 50.61M | 74.08M | 5.65M | 138.72M |
| Free Cash Flow | -165.76M | -35.99M | -523.65M | 95.30M | -104.24M | -1.71M |
| Free Cash Flow Margin | -11.20% | -2.68% | -39.25% | 7.29% | -8.61% | -0.24% |
| Free Cash Flow Per Share | -5.72 | -1.23 | -17.27 | 3.09 | -3.38 | -0.06 |
| Levered Free Cash Flow | -161.71M | 54.59M | -597.67M | -17.99M | -238.41M | -46.89M |
| Unlevered Free Cash Flow | -95.76M | 125.58M | -527.97M | 55.37M | -192.16M | -23.90M |
| Cash Interest Paid | 128.88M | 131.13M | 139.26M | 144.39M | 80.63M | 50.38M |
| Change in Working Capital | -181.16M | -95.96M | -135.29M | -134.81M | -139.79M | -96.37M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.51B | 1.54B | 1.32B | 861.35M | 799.74M | 773.26M |
| Enterprise Value | 4.51B | 3.61B | 3.32B | 2.81B | 2.95B | 2.40B |
| Last Close Price | 86.74 | 52.30 | 42.98 | 27.63 | 25.44 | 24.42 |
| PE Ratio | 5.61 | 5.39 | 3.59 | 1.99 | 1.38 | 1.50 |
| Forward PE | 4.74 | 7.97 | 3.62 | 2.24 | 1.44 | 1.33 |
| PS Ratio | 1.70 | 1.15 | 0.99 | 0.66 | 0.66 | 1.08 |
| PB Ratio | 0.70 | 0.46 | 0.42 | 0.31 | 0.34 | 0.44 |
| P/TBV Ratio | 0.70 | 0.46 | 0.43 | 0.32 | 0.35 | 0.46 |
| P/FCF Ratio | 9.04 | |||||
| P/OCF Ratio | 4.65 | 3.05 | 2.73 | 1.54 | 1.58 | 2.79 |
| PEG Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
| EV/Sales Ratio | 3.04 | 2.69 | 2.48 | 2.15 | 2.43 | 3.37 |
| EV/EBITDA Ratio | 5.39 | 5.06 | 4.61 | 4.15 | 5.13 | 7.89 |
| EV/EBIT Ratio | 9.17 | 9.59 | 7.55 | 6.45 | 6.58 | 8.00 |
| EV/FCF Ratio | 29.51 | |||||
| Debt / Equity Ratio | 0.69 | 0.71 | 0.76 | 0.77 | 0.96 | 0.91 |
| Debt / EBITDA Ratio | 2.95 | 3.33 | 3.02 | 2.87 | 3.61 | 5.06 |
| Debt / FCF Ratio | 22.37 | |||||
| Net Debt / Equity Ratio | 0.56 | 0.59 | 0.67 | 0.67 | 0.90 | 0.82 |
| Net Debt / EBITDA Ratio | 2.39 | 2.75 | 2.90 | 2.73 | 3.65 | 4.75 |
| Net Debt / FCF Ratio | -12.04 | -54.56 | -3.99 | 19.36 | -20.13 | -847.13 |
| Asset Turnover | 0.24 | 0.23 | 0.25 | 0.26 | 0.28 | 0.29 |
| Inventory Turnover | 3.95 | 4.16 | 4.56 | 6.26 | 4.36 | |
| Quick Ratio | 1.33 | 1.00 | 0.87 | 0.74 | 0.40 | 0.48 |
| Current Ratio | 1.53 | 1.12 | 1.08 | 0.87 | 0.50 | 0.57 |
| Return on Equity (ROE) | 13.21% | 8.85% | 12.50% | 16.96% | 28.17% | 42.18% |
| Return on Assets (ROA) | 5.05% | 4.05% | 5.08% | 5.42% | 6.56% | 7.77% |
| Return on Capital Employed (ROCE) | 8.40% | 6.90% | 8.30% | 9.30% | 10.50% | 9.30% |
| Earnings Yield | 17.82% | 18.54% | 27.88% | 50.34% | 72.43% | 66.75% |
| FCF Yield | -6.61% | -2.34% | -39.75% | 11.06% | -13.03% | -0.22% |
| Dividend Yield | 0.28% | 0.38% | 0.46% | 0.71% | 0.77% | 0.80% |
| Payout Ratio | 1.49% | 2.09% | 1.67% | 1.42% | 1.06% | 0.89% |
| Buyback Yield / Dilution | 2.45% | 3.40% | 1.59% | 0.04% | -166.08% | |
| Total Shareholder Return | 2.73% | 3.78% | 2.05% | 0.71% | 0.81% | -165.28% |