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CMRE

Costamare Inc.

CMRE

Costamare Inc. • NYSE
$15.27 ▲ 0.00% (+0.00)
Market Cap $1.83 B
52w High $15.44
52w Low $6.63
Dividend Yield 0.46%
P/E 6.08
Volume 213.76K
Outstanding Shares 120.04M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $225.168M ▲ $44.255M ▲ $97.909M ▲ 43.483% ▲ $0.77 ▲ $138.645M ▼
Q2-2025 $210.898M ▼ $11.534M ▼ $88.694M ▼ 42.055% ▲ $0.69 ▼ $165.111M ▲
Q1-2025 $446.226M ▼ $27.398M ▼ $100.128M ▲ 22.439% ▲ $0.79 ▲ $129.275M ▲
Q4-2024 $548.403M ▲ $28.237M ▲ $34.972M ▼ 6.377% ▼ $0.25 ▼ $105.16M ▼
Q3-2024 $544.641M $20.188M $80.751M 14.826% $0.63 $155.563M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $525.256M ▲ $3.861B ▲ $1.763B ▲ $2.026B ▲
Q2-2025 $510.67M ▼ $3.739B ▼ $1.72B ▼ $1.948B ▼
Q1-2025 $818.802M ▲ $5.128B ▼ $2.483B ▼ $2.59B ▲
Q4-2024 $766.441M ▼ $5.149B ▼ $2.58B ▼ $2.514B ▲
Q3-2024 $866.192M $5.244B $2.699B $2.491B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $105.16M ▲ $-142.788M ▼ $-1.593M ▼ $54.038M ▲ $-350.939M ▼ $0 ▼
Q1-2025 $100.843M ▲ $143.082M ▲ $1.481M ▲ $-54.443M ▲ $90.12M ▲ $137.276M ▲
Q4-2024 $31.916M ▼ $128.935M ▲ $-70.662M ▼ $-156.959M ▲ $-98.686M ▼ $24.116M ▼
Q3-2024 $78.871M ▼ $123.741M ▼ $9.11M ▲ $-229.71M ▼ $-96.859M ▼ $64.924M ▲
Q2-2024 $97.951M $150.723M $-74.307M $-79.237M $1.426M $0

Revenue by Products

Product Q2-2023Q4-2023
Container Vessels Segment
Container Vessels Segment
 $410.00M ▲$0 ▼
Dry Bulk Vessels Segment
Dry Bulk Vessels Segment
 $70.00M ▲$0 ▼
Other
Other
 $0 ▲$0 ▲
Total
Total
 $610.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown strongly over the past several years as the company expanded its activities, moving from a modest size operation to a much larger one. Profitability, however, has come off the highs seen in the middle of the period: earnings were very strong during the peak shipping cycle, then eased as market conditions normalized and costs caught up. Margins appear to have narrowed more recently, suggesting that growth is now coming with more competition or less favorable rates. Even so, the business remains clearly profitable compared with the small loss recorded at the start of the period, showing a meaningful turnaround from early 2020s conditions.

Balance Sheet

Balance Sheet The balance sheet shows a larger asset base than a few years ago, reflecting fleet growth and investment. Cash levels have improved meaningfully, which provides flexibility and a cushion against the ups and downs of the shipping market. Debt has ticked down from its recent high but still represents a significant part of the capital structure, which is common in shipping given the cost of vessels. Shareholders’ equity has steadily grown, indicating that the company has been building net worth over time rather than relying solely on borrowing.

Cash Flow

Cash Flow Operating cash flow has generally been strong, with the business generating solid cash from its core operations across most years. Free cash flow has been positive in most periods but has swung around depending on how aggressively the company invests in its fleet. One year stands out with particularly heavy capital spending, which temporarily pushed free cash flow negative but was tied to growth and renewal of vessels. Overall, the pattern is of a cash-generative business that occasionally absorbs large investment waves when it upgrades or expands the fleet.

Competitive Edge

Competitive Edge Costamare operates in a cyclical, competitive industry, but it has carved out a more stable niche by focusing on long-term charters with large, blue‑chip liner companies. These contracts can smooth out the impact of short‑term swings in freight rates and provide visibility on future vessel employment. The company’s long operating history, reputation for reliability, and emphasis on cost control help it compete against other ship owners. Its shift back to being a focused container ship owner, combined with its leasing activities, gives it a somewhat differentiated position versus more narrowly structured peers.

Innovation and R&D

Innovation and R&D Innovation here is less about lab research and more about how the fleet is designed, equipped, and operated. Costamare is steadily renewing and upgrading its vessels, emphasizing fuel efficiency, lower emissions, and compliance with tightening environmental rules. The company is adopting digital tools such as advanced monitoring systems and satellite connectivity to run ships more efficiently and support data‑driven decisions. It is also exploring next‑generation fuels and technologies, which could be important as regulators and customers push for greener shipping over the coming decade.

Summary

Costamare today looks like a more mature, scaled‑up version of the company it was a few years ago: larger revenues, stronger cash generation, and a more solid equity base, but with profitability no longer at the exceptional levels seen during the shipping boom. The balance sheet appears stronger and more liquid, though still meaningfully leveraged, which is typical for a capital‑intensive fleet owner. Strategically, management has refocused the business on container shipping while retaining exposure to maritime finance through its leasing platform, blending operational and financial expertise. Key opportunities lie in securing attractive long‑term charters for its modernizing fleet and capitalizing on decarbonization trends, while key risks include charter rate downturns, regulatory costs, and execution on newbuild deliveries and digital initiatives.

NEWS

November 14, 2025 · 6:12 AM UTC

Costamare Bulkers Holdings Limited Reports Results for the Third Quarter and Nine-Month Period Ended September 30, 2025

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November 11, 2025 · 6:11 AM UTC

Costamare Bulkers Holdings Limited Sets the Date for Its Third Quarter 2025 Results Release, Conference Call and Webcast

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November 4, 2025 · 7:11 AM UTC

Costamare Inc. Reports Results for the Third Quarter and Nine-Month Period Ended September 30, 2025

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October 31, 2025 · 7:05 AM UTC

Costamare Inc. Sets the Date for Its Third Quarter 2025 Results Release, Conference Call and Webcast

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October 2, 2025 · 7:31 AM UTC

Costamare Inc. Announces Election of Class III Directors at 2025 Annual Meeting of Stockholders

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