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EuroDry

EDRY Industrials Marine Shipping

EuroDry’s revenue for fiscal 2025 (year ended December 2025) was $52.3 million, down 14.4% from fiscal 2024. In the quarter to June 2026, revenue grew 57.0%, EPS grew 310.7%, free cash flow grew 281.1% and total debt fell 3.85%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

45.70 1.74 −3.67%
Market cap
$136.0M
P/E
13.6×
Fwd P/E
7.3×
Dividend yield
—
F-score
5/9
Altman Z
0.71
Beneish M
−3.08
Dividend safety
25/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.09
Total sells 0.80
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — 1 — — 1 1
Sell — — — — — 2 — — 2 9 — 1
Insider Ownership 45.80%

Capital & Financial Ratios $m

Market Cap 135.99
Revenue 62.27
Net Income 10.68
Free Cash Flow 25.58
Net Debt 68.94
Current Ratio 1.28
Debt/Equity 0.89
P/E ratio 13.64
Fwd P/E 7.28
P/S ratio 2.04
P/B ratio 1.16
Past 5Y EPS Growth —
This Y EPS Growth 353.07% (at or above 15%: strong)
Next Y EPS Growth (17.57%) (below 0%: weak)
Next Y revenue growth 40.96% (at or above 10%: strong)
Next 5Y EPS Growth 40.07% (at or above 15%: strong)

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 2.5×; over the ten years it ranged from 1.2× in 2022 to 3.6× in 2021.
P/E against its own 10 years 67.56%
10-year low 10-year high
P/S against its own 10 years 96.98%
10-year low 10-year high
P/B against its own 10 years 92.74%
10-year low 10-year high
EV/Sales against its own 10 years 87.91%
10-year low 10-year high
EV/FCF against its own 10 years 31.21%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 11 8 23 28
Receivables 9 10 4 5
Inventory 4 2 1 1
Other — — — —
24 23 29 35
2023 2024 2025 Q'26
Payables 3 3 2 2
ST’ Debt 18 12 12 22
Other 2 0 1 1
25 19 19 27

Compound Annual Growth %

10y 5y 3y
Sales — 18.58% (9.36%)
Cash Flow — 40.56% (27.14%)
Earnings — 0.00% 0.00%
Book Value — 24.26% (3.46%)

Revenue $m

Mar Jun Sep Dec Year
’26 13 18 — — —
’25 9 11 14 17 52
’24 14 17 15 15 61
’23 11 10 10 16 48
’22 18 21 16 15 70
’21 9 14 19 22 64
’20 5 4 7 6 22
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 2 10 — — —
’25 (2) 3 5 8 13
’24 3 1 2 (1) 5
’23 3 5 5 (1) 12
’22 10 11 10 2 33
’21 0 10 14 15 39
’20 0 0 1 2 2
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 2 10 — — —
’25 2 3 5 9 19
’24 3 0 2 (9) (4)
’23 3 5 (2) (59) (53)
’22 (12) (5) 9 11 5
’21 0 3 (11) 10 2
’20 0 0 1 2 2
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.09 2.32 — — —
’25 (1.35) (1.12) (0.24) 1.14 (1.55)
’24 (0.65) (0.15) (1.53) (2.24) (3.54)
’23 (0.55) (0.43) (0.19) 0.13 (1.05)
’22 3.64 3.61 2.10 2.20 11.61
’21 0.19 0.81 4.41 5.32 11.53
’20 (1.17) (1.86) 0.06 (0.31) (3.28)
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 — — 4.89 6.51 2.98 5.41 12.71 13.42 10.04 7.60

Analyst estimates 2026–2028

Powerpack
High — — 14.50 10.90 13.20 34.65 44.99 20.41 24.84 16.14
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 8 19 25 27 22 64 70 48 61 52
Gross margin, % 44.27 51.52 60.88 56.34 46.66 80.12 75.34 47.99 48.06 41.39
EBT (10) 1 1 0 (6) 31 34 (3) (14) (4)
EBT margin, % (128.71) 4.44 4.57 0.06 (26.37) 48.34 47.79 (6.90) (22.13) (7.25)
Net income (10) 1 1 0 (6) 31 34 (3) (14) (4)
Depreciation 4 5 6 7 7 8 11 11 14 13
Per share, $
Per share, $ Revenue 3.49 8.66 10.98 12.10 9.80 25.48 24.40 17.22 22.39 18.96
Earnings (4.50) 0.38 0.25 (0.85) (3.28) 11.63 11.66 (1.05) (3.54) (1.55)
Cash flow 1.89 1.31 1.78 6.71 1.02 15.48 11.47 4.27 1.76 4.63
Capex (10.75) (4.35) (13.01) (0.49) (0.27) (14.56) (9.87) (23.63) (3.20) 2.08
Free cash flow (8.86) (3.04) (11.23) 6.22 0.75 0.92 1.59 (19.36) (1.44) 6.72
Book value 13.79 14.85 19.50 18.57 15.21 31.21 39.62 43.22 38.71 37.19
Shares, m 2 2 2 2 2 3 3 3 3 3
Valuation, ×
Valuation, × P/E 0.00 0.00 21.43 0.00 0.00 1.75 1.45 0.00 0.00 0.00
P/S 0.00 0.00 0.78 0.64 0.56 0.75 0.69 1.10 0.50 0.68
P/B 0.54 0.54 0.44 0.42 0.36 0.61 0.43 0.44 0.29 0.34
EV/Sales 0.00 0.00 3.15 2.48 2.74 1.54 1.33 3.05 2.12 2.21
EV/FCF (5.15) (5.15) (3.08) 4.83 35.65 42.98 20.33 (2.72) (33.00) 6.25
Cash, $m
Cash, $m Operating cash flow 4 3 4 15 2 39 33 12 5 13
Capex (24) (10) (29) (1) (1) (37) (28) (65) (9) 6
Free cash flow (20) (7) (25) 14 2 2 5 (53) (4) 19
Balance, $m
Balance, $m Working capital 1 (2) 5 (2) (13) 13 21 (1) 5 10
Total debt 30 38 63 56 51 79 81 104 107 103
Net debt 28 36 58 50 49 51 45 93 99 80
Shareholders’ equity 31 33 44 42 35 79 114 119 106 103
Returns, %
Returns, % ROA (11.01) 0.92 0.49 (1.56) (6.62) 21.87 18.59 (1.35) (5.59) (1.97)
ROIC (9.42) 2.38 2.45 2.05 (2.06) 18.66 13.45 0.32 (1.93) 1.02
ROE (31.71) 2.66 1.45 (4.49) (19.51) 51.80 34.78 (2.49) (11.20) (4.10)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

EuroDry 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
ESEA Euroseas Ltd. $443.5M 3.4× 3.9× −1.28% (below 0%: shrinking) +10.42% (above 0%: growing) −70.14% (below 0%: shrinking) 78.65% 59.18% Compare
SHIP Seanergy Maritime Holdings Corp $340.0M 5.3× 6.0× +48.58% (above 0%: growing) +764.29% (above 0%: growing) +144.12% (above 0%: growing) 75.84% 54.72% Compare
GASS StealthGas, Inc. $322.1M 5.4× 5.8× −9.16% (below 0%: shrinking) −16.36% (below 0%: shrinking) −4.48% (below 0%: shrinking) 52.20% 31.55% Compare
DSX Diana Shipping inc. $318.5M 5.1× 3.9× +4.75% (above 0%: growing) +466.67% (above 0%: growing) +1.73% (above 0%: growing) 57.47% 21.13% Compare
SMHI SEACOR Marine Holdings Inc. $218.7M — (loss-making) — (loss-making) −10.16% (below 0%: shrinking) n/m +30.19% (above 0%: growing) 14.55% 29.23% Compare
EDRY EuroDry $136.0M 13.6× 7.3× +56.96% (above 0%: growing) n/m +281.14% (above 0%: growing) 77.08% 49.77%
HMR Heidmar Maritime Holdings Corp. $97.9M 40.5× 12.6× +202.74% (above 0%: growing) n/m −63.91% (below 0%: shrinking) 24.53% 6.27% Compare
SVRN SVRN, Inc. $78.4M — (loss-making) 2.6× −0.46% (below 0%: shrinking) n/m −216.41% (below 0%: shrinking) 13.51% (140.13%) Compare
GLBS Globus Maritime Limited $69.1M 9.4× — (loss-making) +53.18% (above 0%: growing) n/m +1,883.66% (above 0%: growing) 66.15% 37.93% Compare
Median of peers $268.6M 5.4× 4.9× +2.15% +238.54% −1.37% 54.84% 30.39%

All 38 Marine Shipping stocks →

EuroDry (EDRY) key facts

  • Concern: EuroDry’s revenue for fiscal 2025 (year ended December 2025) was $52.3 million, down 14.4% from fiscal 2024.
  • EuroDry (EDRY) is a Marine Shipping company in the Industrials sector, listed on Nasdaq.
  • As of October 16, 2026, EDRY traded at $45.70, a market capitalization of $136.0 million.
  • Return on equity was −4.10% and debt-to-equity 0.89.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 0.71 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

EuroDry (EDRY) Latest News

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