Castor Maritime Inc.
CTRM Industrials Marine Shipping
Castor Maritime Inc.’s revenue for fiscal 2025 (year ended December 2025) was $81.8 million, up 23.5% from fiscal 2024. In the quarter to June 2026, revenue grew 42.5%, EPS grew 400.0%, free cash flow fell 344.8% and total debt rose 1,276.5%, each against the same quarter a year earlier.
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Castor Maritime Inc. (CTRM) Piotroski F-score
Castor Maritime Inc.'s Piotroski F-score for fiscal 2025 is 6 out of 9: 6 of nine tests of profitability, leverage and efficiency passed, up from 4 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 6 | 2.00 |
| FY2024 | 4 | 0.00 |
| FY2023 | 4 | (2.00) |
| FY2022 | 6 | (1.00) |
| FY2021 | 7 | 6.00 |
| FY2020 | 1 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 1.37% | 4.82% | Pass | 1 |
| Positive operating cash flow | 10.05m | 41.91m | Pass | 1 |
| Rising return on assets | 1.37% | 4.82% | Fail | 0 |
| Cash flow above net income | (879.20k) | 8.11m | Fail | 0 |
| Falling long-term leverage | 0.10 | 0.13 | Pass | 1 |
| Rising current ratio | 6.44 | 3.94 | Pass | 1 |
| No new shares issued | 9,662,000 | 9,662,000 | Pass | 1 |
| Rising gross margin | 44.59% | 52.36% | Fail | 0 |
| Rising asset turnover | 0.10 | 0.09 | Pass | 1 |
| Piotroski F-score | Mixed | 6 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| HTCO Caravelle International Group compare | 6 |
| GLBS Globus Maritime Limited compare | 6 |
| CTRM Castor Maritime Inc. | 6 |
| ICON Icon Energy Corp. compare | 4 |
| USEA United Maritime Corporation compare | 4 |
| PSHG Performance Shipping Inc. compare | 3 |
| UFG Uni-Fuels Holdings Limited compare | 3 |
| VNTG Vantage Corp compare | 1 |
| EHLD Euroholdings Ltd. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover