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Costamare Inc.

CMRE Industrials Marine Shipping

Costamare Inc.’s revenue for fiscal 2025 (year ended December 2025) was $877.9 million, down 1.19% from fiscal 2024.

Revenue
−2.12%
EPS
+2.01%
Free cash flow
−269.2%
Total debt
+14.2%

Quarter to September 2026, against a year earlier

12.76 0.40 −3.04%
Market cap
$1.6B
P/E
4.8×
Fwd P/E
5.4×
Dividend yield
3.76%
F-score
6/9
Altman Z
1.69
Beneish M
−2.41
Dividend safety
82/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.92
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — 1 — — — —
Insider Ownership 61.74%

Capital & Financial Ratios $m

Size
Market Cap 1,550.00
Revenue ttm 852.60
Net income ttm 344.30
Free cash flow ttm 61.56
Net debt Q 1,065.07
Valuation
P/E 4.82
Forward P/E 5.41
Price / sales 1.81
Forward P/S Powerpack
Price / FCF 25.06
Price / book 0.65
Financial health
Current ratio Q 2.52 (at or above 1.5: strong)
Debt / equity Q 0.77
Interest coverage Q 5.27
Growth
Revenue growth Q −2.12% (below 0%: shrinking)
Operating income growth Q −15.96% (below 0%: shrinking)
EPS, this year −14.26% (below 0%: weak)
EPS, next year A −2.99% (below 0%: weak)
Revenue, next year A −5.08% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A −13.06% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.1×, against a ten-year median of 3.6×; over the ten years it ranged from 1.6× in 2024 to 6.3× in 2021.
P/E against its own 10 years 44.44%
10-year low 10-year high
P/S against its own 10 years 82.54%
10-year low 10-year high
P/B against its own 10 years 72.50%
10-year low 10-year high
EV/Sales against its own 10 years 31.10%
10-year low 10-year high
EV/FCF against its own 10 years 88.97%
10-year low 10-year high

Dividends

Yield
3.76%
Annual rate
0.48
Payout ratio
18.1%
Growth, 2018–26
+2.31%/yr
  1. 0.40 ’18
  2. 0.40 ’19 +0
  3. 0.40 ’20 +0
  4. 0.43 ’21 +7
  5. 0.46 ’22 +7
  6. 0.46 ’23 +0
  7. 0.46 ’24 +0
  8. 0.46 ’25 +0
  9. 0.48 ’26 +4
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 824 736 602 743
Receivables 73 14 19 26
Inventory 61 13 14 16
Other 98 23 11 53
1,118 1,040 691 890
2023 2024 2025 Q'26
Payables 50 9 18 23
ST’ Debt 347 287 268 203
Other 63 69 89 103
663 746 399 353

Compound Annual Growth %

10y 5y 3y
Sales 6.00% 13.78% (7.63%)
Cash Flow 8.18% 14.38% (2.63%)
Earnings 10.57% 0.00% (13.11%)
Book Value 8.40% 9.86% 0.03%

Earnings Trends EPS, adjusted, against the consensus

Sep 2026 Estimate 0.66 Actual 0.74

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Dec 2024 0.66 0.69 Beat by 0.03
Mar 2025 0.52 0.61 Beat by 0.09
Jun 2025 0.48 0.77 Beat by 0.29
Sep 2026 0.66 0.74 Beat by 0.08
Dec 2026 0.61 — Reports 17 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.62 0.64 0.79 — —
’25 0.79 0.69 0.77 0.60 2.86
’24 0.79 0.77 0.63 0.25 2.44
’23 1.16 0.52 0.45 0.82 2.95
’22 0.93 0.92 0.89 1.53 4.26
’21 0.49 0.67 0.87 1.24 3.28
’20 0.21 (0.70) 0.14 0.16 (0.18)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 211 209 220 — —
’25 223 218 225 212 878
’24 221 218 226 224 888
’23 249 367 400 495 1,511
’22 268 291 289 265 1,114
’21 127 167 216 284 794
’20 121 112 108 119 460
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 112 102 — — —
’25 147 136 136 118 537
’24 138 151 152 145 587
’23 37 66 75 153 331
’22 154 161 142 124 582
’21 71 104 126 165 466
’20 68 72 67 68 274
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 96 (226) — — —
’25 143 134 92 99 468
’24 185 102 149 143 579
’23 191 86 9 186 472
’22 127 176 139 298 740
’21 (60) (99) (135) (109) (403)
’20 47 60 43 52 203
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 468 412 380 478 460 794 1,114 1,511 888 878 853 +7.2% 833 835 820 (2.2%)
Gross margin, % 76.25 73.44 68.55 73.51 71.55 74.25 70.04 41.19 77.96 74.29 71.29 (2.0) pt
EBT 82 73 67 99 9 435 555 381 407 397 340 +19.2%
EBT margin, % 17.45 17.67 17.68 20.71 1.93 54.83 49.80 25.21 45.85 45.17 39.87 +27.7 pt
Net income 82 73 67 99 9 435 555 381 407 397 344 +19.2%
Per share, $
Per share, $ Revenue 6.06 4.10 3.45 4.13 3.81 6.45 9.06 12.56 7.45 7.30 7.05 +2.1%
Earnings 0.79 0.52 0.33 0.59 (0.18) 3.28 4.26 2.95 2.44 2.86 2.65 +15.4%
Cash flow 2.93 1.91 1.28 2.16 2.27 3.79 4.73 2.75 4.92 4.47 0.00 +4.8%
Capex 0.01 (0.37) (1.00) (0.35) (0.59) (7.06) 1.29 1.17 (0.07) (0.57) 0.00 n/m
Free cash flow 2.94 1.54 0.27 1.81 1.68 (3.27) 6.02 3.92 4.85 3.89 0.00 +3.2%
Book value 13.91 13.50 12.29 12.19 11.18 14.02 17.54 20.27 21.55 17.96 19.51 +2.9%
Shares, m 77 101 110 116 121 123 123 120 119 120 121 +5.0%
Valuation, ×
Valuation, × P/E 5.52 8.35 9.68 12.31 0.00 2.90 1.64 2.71 3.95 5.54 4.82 5.3
P/S 0.75 1.10 0.95 1.73 1.63 1.47 0.77 0.64 1.29 2.16 1.81 1.2
P/B 0.33 0.33 0.27 0.59 0.56 0.68 0.40 0.39 0.45 0.88 0.65 0.5
EV/Sales 3.34 4.72 4.88 4.62 4.71 4.31 2.33 1.66 2.38 3.20 3.06 3.6
EV/FCF 6.88 12.61 61.85 10.53 10.70 (8.50) 3.51 5.31 3.65 6.01 42.36 11.3
Cash, $m
Cash, $m Operating cash flow 227 192 141 250 274 466 582 331 587 537 468 +10.1%
Capex 1 (37) (111) (41) (72) (869) 158 141 (8) (69) (406) n/m
Free cash flow 227 154 30 210 203 (403) 740 472 579 468 62 +8.3%
Balance, $m
Balance, $m Working capital (70) (54) (54) (69) (15) 56 592 455 295 292 537 n/m
Net debt 1,214 1,494 1,494 1,381 1,420 2,257 1,737 1,546 962 913 1,065 (3.1%)
Shareholders’ equity 1,074 1,357 1,357 1,411 1,349 1,726 2,157 2,439 2,571 2,159 2,359 +8.1%
Returns, %
Returns, % ROA 2.34 1.85 1.20 2.23 (0.72) 10.89 11.26 6.97 5.57 7.63 7.63 +5.3 pt
ROIC 5.55 3.00 2.57 3.88 1.36 6.93 10.63 7.34 8.66 9.28 7.21 +3.7 pt
ROE 5.95 4.26 2.71 4.89 (1.56) 26.28 26.98 15.44 11.60 14.53 14.08 +8.6 pt
People
People Employees — — — — — — — — — — — —
Revenue/emp, $m 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Costamare Inc. vs peers in Marine Shipping (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
DAC Danaos Corporation $2.7B 5.0× 5.4× +4.66% (above 0%: growing) +16.81% (above 0%: growing) −81.11% (below 0%: shrinking) 72.84% 48.38% Compare
NMM Navios Maritime Partners LP $2.4B 5.5× 4.5× +25.22% (above 0%: growing) +147.01% (above 0%: growing) +252.84% (above 0%: growing) 65.58% 39.64% Compare
SFL SFL Corporation Ltd. $1.7B 22.9× 29.1× +4.25% (above 0%: growing) +2,400.00% (above 0%: growing) −18.32% (below 0%: shrinking) 63.23% 32.49% Compare
CMRE Costamare Inc. $1.6B 4.8× 5.4× −2.12% (below 0%: shrinking) +2.01% (above 0%: growing) −269.21% (below 0%: shrinking) 70.25% 44.91%
GSL Global Ship Lease, Inc. $1.4B 3.7× 4.2× +3.56% (above 0%: growing) −4.98% (below 0%: shrinking) +0.47% (above 0%: growing) 68.06% 47.24% Compare
CCEC Capital Clean Energy Carriers Corp. $1.3B 11.1× 11.5× +8.46% (above 0%: growing) −5.88% (below 0%: shrinking) −2,376.31% (below 0%: shrinking) 78.04% 50.63% Compare
HOS Hornbeck Offshore Services Inc $1.2B 19.9× 6.1× +0.57% (above 0%: growing) n/m +320.12% (above 0%: growing) 18.49% 8.79% Compare
GNK Genco Shipping & Trading Limited $1.1B 14.0× 10.6× +90.01% (above 0%: growing) n/m +2,052.95% (above 0%: growing) 0.00% 29.14% Compare
SB Safe Bulkers, Inc $803.7M 9.1× 7.1× +33.04% (above 0%: growing) n/m −35.33% (below 0%: shrinking) 65.78% 45.75% Compare
Median of peers $1.3B 10.1× 6.6× +6.56% +16.81% −8.92% 65.68% 42.70%

All 38 Marine Shipping stocks →

Costamare Inc. (CMRE) Latest News

28 Oct

Impact 4 · · GlobeNewswire
Impact 3 · · Associated Press earnings

26 Oct

Impact 3 · · GlobeNewswire

24 Oct

Impact 3 · · Simply Wall St.

22 Oct

Impact 3 · · Zacks

21 Oct

Impact 3 · · Zacks

10 Sep

Impact 3 ·

27 Jul

Impact 3 ·

30 Apr

Impact 4 · · Simply Wall St.
Impact 4 · · MarketBeat

29 Apr

Impact 3 · · GlobeNewswire

20 Feb

Impact 4 · · GlobeNewswire

19 Feb

Impact 4 · · Simply Wall St.

18 Feb

Impact 4 · · GuruFocus.com
Impact 4 · · Moby
Impact 4 · · MarketBeat
Impact 4 · · Associated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press Finance
Impact 3 ·

5 Jan

Impact 3 · · Simply Wall St.

2 Jan

Impact 3 · · GlobeNewswire

31 Dec

Impact 4 · · Simply Wall St.

4 Dec

Impact 3 · · Simply Wall St.

3 Dec

Impact 4 · · Barchart

14 Nov

Impact 3 · · GlobeNewswire

7 Nov

Impact 4 · · Simply Wall St.

6 Nov

Impact 3 · · Simply Wall St.

5 Nov

Impact 4 · · GuruFocus.com transcript

4 Nov

Impact 4 · · Associated Press FinanceZacksSimply Wall St.Simply Wall St.Simply Wall St.Associated Press FinanceAssociated Press Finance
Impact 3 · · GlobeNewswireMT NewswiresOffshore TechnologyZacksGuruFocus.comSimply Wall St.GuruFocus.com

17 Oct

Impact 4 ·
stockrow.com/CMRE · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com