Costamare Inc. CMRE
Last close
—
Market cap
—
52-week range
— - —
No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS—
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $877.9M | $888.5M | $848.3M | $1.11B | $793.6M | $460.3M | $478.1M | $380.4M | $412.4M | $468.2M |
| SG&A | $10.1M | $13.3M | $9.7M | $9.7M | $6.9M | $4.1M | $3.1M | $2.9M | $3.2M | $7.3M |
| Operating income | $456.2M | $489.7M | $595.0M | $662.2M | $441.4M | $60.3M | $173.1M | $117.2M | $137.0M | $166.1M |
| Interest expense | $90.2M | $117.1M | $126.8M | $107.2M | $72.3M | $66.5M | $88.3M | $61.4M | $55.9M | $49.9M |
| Net income | $364.6M | $319.9M | $385.7M | $555.0M | $435.1M | $8.9M | $99.0M | $67.2M | $72.9M | $81.7M |
| EPS, basic | 2.86 | 2.44 | 2.95 | 4.26 | 3.28 | -0.18 | — | — | — | — |
| EPS, diluted | — | — | — | — | 3.28 | -0.18 | 0.59 | 0.33 | 0.52 | 0.79 |
| Shares, diluted (wtd. avg.) | 120.2M | 119.3M | 120.3M | 123.0M | 123.1M | 120.7M | — | 0 | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $519.8M | $656.9M | $710.6M | $718.0M | $276.0M | $143.9M | $148.9M | $113.7M | $179.0M | $164.9M |
| Short-term investments | $19.3M | $18.5M | $17.5M | $120.0M | $0 | — | — | — | — | — |
| Receivables | — | $45.5M | $50.7M | $26.9M | $21.0M | $8.2M | $7.4M | $5.6M | $1.3M | $971.0K |
| Inventory | $14.1M | $13.2M | $61.3M | $28.0M | $21.4M | $10.5M | $10.5M | $11.0M | $9.7M | $11.4M |
| Total current assets | $690.7M | $1.04B | $1.12B | $1.01B | $426.1M | $192.1M | $197.2M | $170.8M | $226.6M | $209.8M |
| Property, plant and equipment | — | $3.39B | $3.45B | $3.67B | — | — | $2.62B | $2.61B | $2.00B | $2.07B |
| Other intangibles | $0 | $74.0K | $269.0K | $468.0K | $667.0K | $839.0K | $1.0M | $1.2M | — | — |
| Total assets | $3.86B | $5.15B | $5.29B | $4.90B | $4.41B | $3.01B | $3.01B | $3.05B | $2.49B | $2.56B |
| Accounts payable | — | $49.4M | $46.8M | $18.2M | $18.9M | $7.6M | $6.2M | $8.6M | $6.3M | $3.8M |
| Short-term debt | $268.1M | $287.4M | $347.0M | $320.1M | $272.4M | $147.1M | $210.7M | $149.2M | $206.3M | $198.3M |
| Total current liabilities | $398.6M | $745.6M | $662.8M | $423.1M | $370.0M | $207.0M | $266.5M | $224.7M | $276.7M | $280.0M |
| Long-term debt | $1.25B | $1.41B | $2.00B | $2.26B | $2.17B | $1.31B | $1.21B | $1.16B | $644.7M | $856.3M |
| Total liabilities | — | $500.1M | — | — | — | — | — | — | — | — |
| Retained earnings | $868.7M | $1.28B | $1.05B | $746.7M | $341.5M | -$9.7M | $60.6M | $38.7M | $43.7M | $31.4M |
| Total equity | $2.09B | $2.51B | $2.44B | $2.16B | $1.73B | $1.35B | $1.41B | $1.36B | $1.22B | $1.07B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $536.9M | $586.9M | $523.6M | $581.6M | $466.5M | $274.3M | $250.4M | $140.8M | $191.8M | $220.6M |
| Depreciation and amortisation | $129.5M | $126.8M | $126.7M | $166.0M | $137.0M | $108.7M | $113.5M | $96.3M | $96.4M | $100.9M |
| Stock-based compensation | $7.0M | $8.4M | $5.8M | $7.1M | $7.4M | $3.7M | $3.9M | $3.8M | $3.9M | $5.0M |
| Investing cash flow | -$179.0M | -$32.8M | -$11.3M | $42.5M | -$787.5M | -$36.4M | -$8.9M | -$112.6M | -$43.4M | -$28.4M |
| Financing cash flow | -$507.6M | -$613.9M | -$425.4M | -$166.1M | $482.6M | -$241.9M | -$212.2M | -$80.5M | -$140.0M | -$144.4M |
| Dividends paid | $79.3M | $74.1M | $71.9M | $119.5M | $71.3M | $65.5M | $58.7M | $49.1M | $37.8M | $75.0M |
| Buybacks | $0 | $0 | $60.0M | $60.1M | $0 | $0 | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-007868.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $468.2M | $412.4M | $380.4M | $478.1M | $460.3M | $793.6M | $1.11B | $848.3M | $888.5M | $877.9M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $81.7M | $72.9M | $67.2M | $99.0M | $8.9M | $435.1M | $555.0M | $385.7M | $319.9M | $364.6M |
Others in SIC 4412
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| LPG | DORIAN LPG LTD. | $2.31B | 11.9x | 36.3% |
| GNK | GENCO SHIPPING & TRADING LTD | $1.12B | — | -19.1% |
| PANL | Pangaea Logistics Solutions Ltd. | $519.9M | 26.5x | 17.8% |
| SMHI | SEACOR Marine Holdings Inc. | $234.2M | — | -16.0% |
| FRO | Frontline plc | — | — | -8.8% |
| TK | TEEKAY CORP LTD | — | — | -22.2% |
| TEN | TSAKOS ENERGY NAVIGATION LTD | — | — | -0.7% |
| CCEC | Capital Clean Energy Carriers Corp. | — | — | — |