Saturday 17 October 2026
Export ESEA’s income statement to Excel — free account
Euroseas Ltd.
ESEA Industrials Marine Shipping
Euroseas Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $227.9 million, up 7.03% from fiscal 2024. In the quarter to June 2026, revenue fell 1.28%, EPS grew 10.4%, free cash flow fell 70.1% and total debt fell 9.17%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five; insiders bought in the last twelve months.
66.17
1.28
−1.90%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
2.77 | 1.81 | 1.66 | 1.03 | 3.40 | 7.37 | 0.00 | 0.00 | 0.00 | 0.00 |
Piotroski F-Score |
6 | 4 | 6 | 7 | 7 | 7 | 4 | 4 | 5 | 2 |
P/S ratio |
1.66 | 0.96 | 1.00 | 0.60 | 1.51 | 0.48 | 0.24 | 0.19 | 0.67 | 0.41 |
Altman Z-Score |
2.66 | 1.87 | 2.11 | 1.54 | 0.48 | (2.16) | (2.33) | (4.09) | (1.92) | (2.29) |
Altman Z″-Score (non-manufacturers) |
5.87 | 3.91 | 3.95 | 1.83 | (0.95) | (6.97) | (6.56) | (10.40) | (4.02) | (4.33) |
P/FCF ratio |
3.01 | 0.00 | 1.47 | 1.40 | 2.69 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Beneish M-Score |
(1.70) | (2.63) | (2.90) | (0.57) | (1.96) | (2.10) | (2.95) | (2.67) | (2.16) | (4.34) |
P/Operating CF |
9.86 | 5.79 | 4.86 | 5.83 | 5.46 | 36.06 | 30.96 | (2.02) | 5.49 | (11.25) |
Dividend Safety Score |
78 | — | — | — | — | — | — | — | — | — |
P/B ratio |
0.82 | 0.56 | 0.71 | 0.65 | 1.84 | 0.93 | 0.46 | 1.69 | 0.34 | 0.22 |
Price to Tangible BV |
0.82 | 0.56 | 0.71 | 0.65 | 1.84 | 0.93 | 0.46 | 1.69 | 0.34 | 0.22 |
EV/Sales |
1.84 | 1.57 | 1.38 | 1.03 | 2.48 | 1.71 | 2.43 | 1.04 | 1.94 | 2.10 |
EV/EBITDA |
2.38 | 2.36 | 1.99 | 1.64 | 4.40 | 6.28 | 17.39 | 5.59 | 0.00 | 0.00 |
EV/Operating CF |
2.97 | 2.61 | 2.01 | 1.65 | 4.42 | 37.72 | 30.05 | (24.38) | 9.10 | (71.87) |
EV/FCF |
3.33 | (8.25) | 2.02 | 2.42 | 4.42 | (3.84) | (1.86) | (3.06) | (2.98) | (2.50) |
Quick Ratio |
4.79 | 1.40 | 1.23 | 0.46 | 0.80 | 0.27 | 0.16 | 0.87 | 0.31 | 0.55 |
Current Ratio |
4.89 | 1.48 | 1.29 | 0.64 | 0.89 | 0.34 | 0.25 | 1.03 | 0.87 | 0.93 |
Net Debt/EBITDA |
0.23 | 0.92 | 0.54 | 0.69 | 1.73 | 4.52 | 15.70 | 4.59 | (18.22) | (7.61) |
Debt/Assets |
30.95% | 34.74% | 30.61% | 32.63% | 53.31% | 62.73% | 70.54% | 54.64% | 20.95% | 36.13% |
Debt/Equity |
0.47 | 0.57 | 0.49 | 0.64 | 1.54 | 2.54 | 3.18 | 1.62 | 0.41 | 0.59 |
Asset Turnover |
0.35 | 0.42 | 0.50 | 0.66 | 0.57 | 0.45 | 0.41 | 0.30 | 0.16 | 0.18 |
Operating CF/Net income |
1.03 | 1.14 | 1.13 | 1.07 | 1.24 | 0.72 | (0.94) | 1.02 | (0.64) | 0.02 |
Capex/Depreciation |
(0.57) | (7.69) | (0.07) | (4.51) | 0.00 | 2.82 | (15.39) | 1.53 | (5.45) | (2.46) |
Interest Coverage |
9.97 | 11.30 | 18.57 | 21.02 | 16.45 | 2.25 | 0.58 | 0.77 | (3.48) | (6.21) |
| 33.15% | 35.83% | 52.70% | 86.73% | 81.32% | 14.01% | (28.50%) | (5.72%) | (15.68%) | (61.61%) | |
| 21.21% | 22.20% | 30.41% | 38.63% | 25.52% | 2.82% | (3.57%) | (1.26%) | (5.17%) | (29.10%) | |
ROIC |
18.57% | 15.19% | 22.09% | 26.95% | 16.99% | 6.26% | 1.06% | 2.80% | (3.01%) | (7.22%) |
Return on Tangible Assets |
22.13% | 23.95% | 40.56% | 55.99% | 24.65% | 4.21% | (3.54%) | (2.93%) | (15.91%) | (43.82%) |
Average Days of Receivables |
18.46 | 9.13 | 8.32 | 12.16 | 11.65 | 26.57 | 20.84 | 31.70 | 28.43 | 29.57 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
6.49% | 6.11% | 5.53% | 5.20% | 8.29% | 15.64% | 15.28% | 17.72% | 21.61% | 23.40% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.86% | 0.71% | 0.57% | 0.52% | 0.19% | 0.23% | 0.24% | 0.36% | 0.49% | 1.04% |
Graham Net Nets |
(0.12) | (0.70) | (0.49) | (1.04) | (0.79) | (2.58) | (9.76) | (5.02) | (4.01) | (3.86) |
Graham Number |
172.09 | 138.34 | 119.60 | 88.24 | 38.47 | 8.01 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
36.12% | 55.21% | 60.39% | 97.11% | 29.45% | 13.57% | (51.36%) | (31.58%) | (50.00%) | (388.89%) |
Free Cash Flow Yield |
33.22% | (19.87%) | 68.10% | 71.19% | 37.20% | (93.13%) | (554.00%) | (182.04%) | (96.99%) | (203.80%) |
Revenue per Share |
32.82 | 30.69 | 27.32 | 25.44 | 13.46 | 9.26 | 13.99 | 24.33 | 17.17 | 27.85 |
Operating CF per Share |
20.33 | 18.47 | 18.76 | 15.88 | 7.54 | 0.42 | 1.13 | (1.04) | 3.65 | (0.82) |
Capex per Share |
(2.19) | (24.33) | (0.12) | (5.05) | 0.00 | 2.54 | (19.47) | 4.42 | (14.83) | (22.66) |
Free Cash Flow per Share |
18.14 | (5.85) | 18.64 | 10.83 | 7.54 | 2.96 | (18.34) | 3.38 | (11.17) | (23.48) |
Cash per Share |
25.49 | 10.76 | 8.46 | 3.90 | 3.83 | 0.68 | 0.56 | 5.00 | 2.86 | 3.79 |
Shareholders Equity per Share |
66.74 | 52.31 | 38.46 | 23.41 | 11.02 | 4.75 | 9.82 | 15.96 | 59.49 | 86.12 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
66.74 | 52.31 | 38.46 | 23.41 | 11.02 | 4.75 | 9.82 | 15.96 | 59.49 | 86.12 |
Free Cash Flow |
125.93 | (40.61) | 129.19 | 77.82 | 52.60 | 17.03 | (52.48) | 4.78 | (15.46) | (23.97) |
Working Capital |
153.00 | 27.54 | 14.78 | (26.82) | (4.25) | (18.95) | (18.55) | 0.40 | (2.45) | (0.73) |
Capital Expenditures |
(15.20) | (168.77) | (0.82) | (36.27) | (0.01) | 14.62 | (55.72) | 6.25 | (20.51) | (23.13) |
Net Current Asset Value |
(44.66) | (143.56) | (92.13) | (113.57) | (111.67) | (65.54) | (92.46) | (32.38) | (63.94) | (45.34) |
EV/EBIT |
2.80 | 2.79 | 2.19 | 1.77 | 5.09 | 9.78 | 49.28 | 15.40 | 0.00 | 0.00 |
Capex to Sales |
0.07 | 0.79 | 0.00 | 0.20 | 0.00 | (0.27) | 1.39 | (0.18) | 0.86 | 0.81 |
Price to Operating Income |
2.54 | 1.70 | 1.59 | 1.03 | 3.09 | 2.74 | 4.79 | 2.76 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.06 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.03 | 0.08 | 0.07 | 0.09 |
Cash ROIC |
14.69% | (6.32%) | 28.38% | 25.65% | 23.74% | 16.93% | (44.03%) | 7.21% | (12.85%) | (16.68%) |
Accounts Receivable Turnover |
27.04 | 44.17 | 36.41 | 40.21 | 27.31 | 17.29 | 15.17 | 14.22 | 11.44 | 11.50 |
Accounts Payable Turnover |
11.31 | 10.31 | 8.56 | 12.47 | 12.18 | 10.09 | 8.97 | 12.61 | 10.13 | 13.29 |
Inventory Turnover |
18.15 | 20.67 | 19.26 | 21.68 | 17.51 | 19.20 | 15.45 | 16.58 | 13.81 | 15.72 |
Average Days of Payables |
26.16 | 35.36 | 44.95 | 37.93 | 29.70 | 30.56 | 51.29 | 34.77 | 32.39 | 31.42 |
Days of Inventory on Hand |
18.86 | 19.68 | 19.86 | 16.95 | 24.09 | 17.80 | 24.85 | 25.90 | 25.38 | 21.76 |
Average Receivables |
8.43 | 4.82 | 5.20 | 4.54 | 3.44 | 3.08 | 2.64 | 2.42 | 2.08 | 2.47 |
Average Payables |
4.82 | 5.74 | 5.45 | 3.98 | 2.83 | 3.38 | 3.09 | 1.91 | 1.69 | 1.63 |
Average Inventory |
3.00 | 2.86 | 2.42 | 2.29 | 1.97 | 1.78 | 1.80 | 1.45 | 1.24 | 1.38 |
Average Assets |
645.84 | 507.95 | 376.63 | 275.01 | 166.00 | 118.72 | 96.91 | 114.64 | 153.01 | 157.91 |
Average Common Equity |
413.20 | 314.76 | 217.37 | 122.51 | 52.10 | 23.89 | 12.14 | 25.26 | 50.40 | 74.58 |
Columns are period end dates