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Saturday 17 October 2026 Export CMRE’s income statement to Excel — free account

Costamare Inc.

CMRE Industrials Marine Shipping

In the quarter to June 2026, revenue fell 4.00%, EPS fell 7.25%, free cash flow fell 269.2% and total debt fell 5.31%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.

14.00 0.28 −1.96%
Market cap
$1.7B
P/E
5.3×
Fwd P/E
6.3×
Dividend yield
4.25%
F-score
6/9
Altman Z
1.69
Beneish M
−2.41
Dividend safety
82/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.92
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — 1 — — —
Insider Ownership 61.69%

Capital & Financial Ratios $m

Market Cap 1,730.00
Revenue 857.38
Net Income 344.30
Free Cash Flow 61.56
Net Debt 1,065.92
Current Ratio 1.61 (at or above 1.5: strong)
Debt/Equity 0.66
P/E ratio 5.32
Fwd P/E 6.28
P/S ratio 1.97
P/B ratio 0.74
Past 5Y EPS Growth —
This Y EPS Growth (16.19%) (below 0%: weak)
Next Y EPS Growth (1.53%) (below 0%: weak)
Next Y revenue growth (5.08%) (below 0%: weak)
Next 5Y EPS Growth (11.40%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.2×, against a ten-year median of 3.9×; over the ten years it ranged from 1.6× in 2024 to 7.1× in 2021.
P/E against its own 10 years 42.75%
10-year low 10-year high
P/S against its own 10 years 71.51%
10-year low 10-year high
P/B against its own 10 years 72.80%
10-year low 10-year high
EV/Sales against its own 10 years 24.66%
10-year low 10-year high
EV/FCF against its own 10 years 89.35%
10-year low 10-year high

Dividends

Payout Ratio 0.23
Annual Dividend Rate 0.60
Annual Dividend Yield 4.25%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.48
0.12
0.12
0.13
0.13
2025 0.46
0.12
0.12
0.12
0.12
2024 0.46
0.12
0.12
0.12
0.12
2023 0.46
0.12
0.12
0.12
0.12
2022 0.46
0.12
0.12
0.12
0.12
2021 0.43
0.10
0.10
0.12
0.12
2020 0.40
0.10
0.10
0.10
0.10
2019 0.40
0.10
0.10
0.10
0.10
2018 0.40
0.10
0.10
0.10
0.10
2017 0.40
0.10
0.10
0.10
0.10
2016 0.97
0.29
0.29
0.29
0.10
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 824 736 602 439
Receivables 73 14 19 28
Inventory 61 13 14 16
Other 98 23 11 58
1,118 1,040 691 598
2023 2024 2025 Q'26
Payables 50 9 18 36
ST’ Debt 347 287 268 232
Other 63 69 89 85
663 746 399 372

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%

Revenue $m

Mar Jun Sep Dec Year
’26 211 209 — — —
’25 223 218 225 212 878
’24 475 218 226 — 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.
value withheld pending a data check

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.

EPS $

Mar Jun Sep Dec Year
’26 0.62 0.64 — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 5.46 5.07 4.20 4.32 3.16 7.70 8.55 7.71 10.14 6.63

Analyst estimates 2026–2028

Powerpack
High 11.00 8.18 8.39 9.80 10.85 16.72 18.01 11.85 17.58 16.40
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
Income, $m
Income, $m Revenue 468 412 380 478 460 794 1,114 1,511 888 878
Gross margin, % 76.25 73.44 68.55 73.51 71.55 74.25 70.04 41.19 77.96 74.29
EBT 82 73 67 99 9 435 555 381 407 397
EBT margin, % 17.45 17.67 17.68 20.71 1.93 54.83 49.80 25.21 45.85 45.17
Net income 82 73 67 99 9 435 555 381 407 397
Depreciation 111 106 106 126 121 152 191 199 155 156
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
Earnings 0.79 0.52 0.33 0.59 (0.18) 3.28 4.26 2.95 2.44 2.86
Cash flow 2.93 1.91 1.28 2.16 2.27 3.79 4.73 2.75 4.92 4.47
Capex 0.01 (0.37) (1.00) (0.35) (0.59) (7.06) 1.29 1.17 (0.07) (0.57)
Free cash flow 2.94 1.54 0.27 1.81 1.68 (3.27) 6.02 3.92 4.85 3.89
Book value 13.91 13.50 12.29 12.19 11.18 14.02 17.54 20.27 21.55 17.96
Shares, m 77 101 110 116 121 123 123 120 119 120
Valuation, ×
Valuation, × P/E 7.37 11.15 12.91 16.43 0.00 3.87 2.19 3.62 5.27 5.54
P/S 1.00 1.47 1.27 2.31 2.17 1.96 1.03 0.85 1.73 2.16
P/B 0.43 0.45 0.36 0.78 0.74 0.90 0.53 0.53 0.60 0.88
EV/Sales 3.59 5.09 5.20 5.20 5.26 4.81 2.59 1.87 2.81 3.20
EV/FCF 7.39 13.59 65.89 11.85 11.94 (9.46) 3.90 6.00 4.31 6.01
Cash, $m
Cash, $m Operating cash flow 227 192 141 250 274 466 582 331 587 537
Capex 1 (37) (111) (41) (72) (869) 158 141 (8) (69)
Free cash flow 227 154 30 210 203 (403) 740 472 579 468
Balance, $m
Balance, $m Working capital (70) (54) (54) (69) (15) 56 592 455 295 292
Total debt 1,386 1,613 1,613 1,537 1,569 2,542 2,585 2,370 1,698 1,515
Net debt 1,214 1,494 1,494 1,381 1,420 2,257 1,737 1,546 962 913
Shareholders’ equity 1,074 1,357 1,357 1,411 1,349 1,726 2,157 2,439 2,571 2,159
Returns, %
Returns, % ROA 2.34 1.85 1.20 2.23 (0.72) 10.89 11.26 6.97 5.57 7.63
ROIC 5.55 3.00 2.57 3.88 1.36 6.93 10.63 7.34 8.66 9.28
ROE 5.95 4.26 2.71 4.89 (1.56) 26.28 26.98 15.44 11.60 14.53
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
SBLK Star Bulk Carriers Corp. $3.1B 10.9× 7.5× +44.46% (above 0%: growing) +433,233.33% (above 0%: growing) +25.84% (above 0%: growing) 56.88% 43.38% Compare
DAC Danaos Corporation $2.9B 5.3× 4.7× +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 $2.5B 5.7× 4.1× +25.22% (above 0%: growing) +147.01% (above 0%: growing) +252.84% (above 0%: growing) 65.58% 39.64% Compare
SFL SFL Corporation Ltd. $1.9B 25.8× 29.6× +4.25% (above 0%: growing) +2,400.00% (above 0%: growing) −18.32% (below 0%: shrinking) 63.23% 32.49% Compare
CMRE Costamare Inc. $1.7B 5.3× 6.3× −4.00% (below 0%: shrinking) −7.25% (below 0%: shrinking) −269.21% (below 0%: shrinking) 71.38% 46.73%
GSL Global Ship Lease, Inc. $1.5B 4.0× 3.9× +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. $1.2B 10.9× 12.9× +8.46% (above 0%: growing) −5.88% (below 0%: shrinking) −2,376.31% (below 0%: shrinking) 78.04% 50.63% Compare
GNK Genco Shipping & Trading Limited $1.1B 26.7× 10.6× +68.54% (above 0%: growing) n/m +2,327.68% (above 0%: growing) 47.95% 15.95% Compare
SB Safe Bulkers, Inc $912.9M 10.1× 8.6× +33.04% (above 0%: growing) n/m −35.33% (below 0%: shrinking) 65.78% 45.75% Compare
Median of peers $1.7B 10.5× 8.0× +16.84% +81.91% −8.92% 65.68% 44.57%

All 38 Marine Shipping stocks →

Costamare Inc. (CMRE) key facts

  • Costamare Inc. (CMRE) is a Marine Shipping company in the Industrials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, CMRE traded at $14.00, a market capitalization of $1.7 billion.
  • Costamare Inc. pays an annual dividend of $0.60 per share, a yield of 4.25%, with a payout ratio of 22.6%.
  • Return on equity was 14.5% and debt-to-equity 0.66.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 1.69 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Costamare Inc. (CMRE) Latest News

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stockrow.com/CMRE · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com