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

Euroseas Ltd.

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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Market cap: $443.5M
P/E: 3.4×
Fwd P/E: 3.9×
Dividend yield: 4.61%
F-score: 6/9
Altman Z: 2.66
Beneish M: −1.70
Dividend safety: 78/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.24

Total sells 0.49

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	1	—	1	—	1	—	1
Sell	—	—	—	—	—	2	—	—	—	—	1	1

Insider Ownership 66.10%

Capital & Financial Ratios $m

Market Cap 443.48

Revenue 226.63

Net Income 135.32

Free Cash Flow 138.30

Net Debt 9.62

Current Ratio 5.46

Debt/Equity 0.39

P/E ratio 3.39

Fwd P/E 3.87

P/S ratio 2.03

P/B ratio 0.88

Past 5Y EPS Growth 102.44%

This Y EPS Growth (9.20%)

Next Y EPS Growth (5.93%)

Next Y revenue growth (1.30%)

Next 5Y EPS Growth (3.99%)

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

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 55.33%

10-year low 10-year high

P/S against its own 10 years 90.64%

10-year low 10-year high

P/B against its own 10 years 60.49%

10-year low 10-year high

EV/Sales against its own 10 years 69.55%

10-year low 10-year high

EV/FCF against its own 10 years 68.13%

10-year low 10-year high

Dividends

Payout Ratio 0.16

Annual Dividend Rate 3.05

Annual Dividend Yield 4.61%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	3.15	0.75 0.80 0.80
2025	2.70	0.65 0.65 0.70 0.70
2024	2.40	0.60 0.60 0.60 0.60
2023	2.00	0.50 0.50 0.50 0.50
2022	1.50	0.50 0.50 0.50
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	59	75	177	197
Receivables	4	5	12	18
Inventory	3	3	3	3
Other	—	0	—	0
	66	85	192	220

	2023	2024	2025	Q'26
Payables	6	6	4	4
ST’ Debt	31	37	19	18
Other	1	2	2	1
	51	57	39	40

Compound Annual Growth %

	10y	5y	3y
Sales	19.72%	33.72%	7.64%
Cash Flow	0.00%	125.71%	7.35%
Earnings	0.00%	110.07%	8.84%
Book Value	13.81%	76.14%	40.20%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	56	57	—	—	—
’25	56	57	57	57	228
’24	47	59	54	53	213
’23	42	48	51	49	189
’22	45	48	46	43	183
’21	14	18	23	38	94
’20	15	14	12	12	53

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	38	37	—	—	—
’25	41	27	34	38	141
’24	25	34	33	35	128
’23	25	35	31	39	130
’22	30	34	31	19	114
’21	6	8	13	26	53
’20	2	2	(2)	1	2

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	29	8	—	—	—
’25	(3)	27	89	13	126
’24	(3)	70	32	(139)	(41)
’23	35	35	30	29	129
’22	30	34	31	(16)	78
’21	6	8	12	27	53
’20	2	2	7	6	17

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	4.65	4.74	—	—	—
’25	5.29	4.29	4.25	5.79	19.72
’24	2.87	5.84	3.95	3.49	16.20
’23	4.10	4.15	4.65	3.56	16.52
’22	4.13	4.24	3.50	2.86	14.78
’21	0.53	1.11	1.17	3.13	6.05
’20	0.32	0.20	0.01	0.07	0.58

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	6.77	7.36	3.45	2.15	1.00	4.30	14.85	13.73	25.34	24.58	Analyst estimates 2026–2028 Powerpack
	High	52.53	17.77	25.19	6.38	5.06	31.87	28.86	28.23	41.43	66.00
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	28	24	34	40	53	94	183	189	213	228
	Gross margin, %	23.80	27.80	30.22	30.66	36.04	63.30	72.82	75.36	72.19	76.08
	EBT	(44)	(7)	(1)	(2)	(1)	43	106	115	113	137
	EBT margin, %	(155.57)	(29.23)	(1.93)	(4.20)	(2.27)	45.76	58.15	60.49	52.97	60.11
	Net income	(44)	(7)	(1)	(2)	4	43	106	115	113	137
	Depreciation	9	4	4	4	5	7	8	12	22	26
Per share, $
Per share, $	Revenue	27.85	17.17	24.33	13.99	9.26	13.46	25.44	27.32	30.69	32.82
	Earnings	(45.04)	(5.68)	(1.44)	(1.21)	0.58	6.06	14.79	16.53	16.25	19.73
	Cash flow	(0.82)	3.65	(1.04)	1.13	0.42	7.54	15.88	18.76	18.47	20.33
	Capex	(22.66)	(14.83)	4.42	(19.47)	2.54	0.00	(5.05)	(0.12)	(24.33)	(2.19)
	Free cash flow	(23.48)	(11.17)	3.38	(18.34)	2.96	7.54	10.83	18.64	(5.85)	18.14
	Book value	86.12	59.49	15.96	9.82	4.75	11.02	23.41	38.46	52.31	66.74
	Shares, m	1	1	1	3	6	7	7	7	7	7
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	7.37	3.40	1.03	1.66	1.81	2.77
	P/S	0.41	0.67	0.19	0.24	0.48	1.51	0.60	1.00	0.96	1.66
	P/B	0.22	0.34	1.69	0.46	0.93	1.84	0.65	0.71	0.56	0.82
	EV/Sales	2.10	1.94	1.04	2.43	1.71	2.48	1.03	1.38	1.57	1.84
	EV/FCF	(2.50)	(2.98)	(3.06)	(1.86)	(3.84)	4.42	2.42	2.02	(8.25)	3.33
Cash, $m
Cash, $m	Operating cash flow	(1)	5	(1)	3	2	53	114	130	128	141
	Capex	(23)	(21)	6	(56)	15	0	(36)	(1)	(169)	(15)
	Free cash flow	(24)	(15)	5	(52)	17	53	78	129	(41)	126
Balance, $m
Balance, $m	Working capital	(1)	(2)	0	(19)	(19)	(4)	(27)	15	28	153
	Total debt	52	34	37	89	69	118	107	130	205	217
	Net debt	48	30	30	88	65	91	79	71	131	40
	Shareholders’ equity	88	82	23	28	27	77	168	267	363	463
Returns, %
Returns, %	ROA	(29.10)	(5.17)	(1.26)	(3.57)	2.82	25.52	38.63	30.41	22.20	21.21
	ROIC	(7.22)	(3.01)	2.80	1.06	6.26	16.99	26.95	22.09	15.19	18.57
	ROE	(61.61)	(15.68)	(5.72)	(28.50)	14.01	81.32	86.73	52.70	35.83	33.15

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ASC Ardmore Shipping Corporation	$775.4M	7.3×	5.1×	+61.31% (above 0%: growing)	+572.73% (above 0%: growing)	+8,990.87% (above 0%: growing)	57.14%	42.84%	Compare
HSHP Himalaya Shipping Ltd.	$766.0M	14.2×	8.8×	+79.60% (above 0%: growing)	+2,500.00% (above 0%: growing)	+312.05% (above 0%: growing)	85.47%	68.34%	Compare
PANL Pangaea Logistics Solutions Ltd.	$515.3M	10.1×	5.7×	+19.42% (above 0%: growing)	n/m	+114.13% (above 0%: growing)	36.85%	11.41%	Compare
CMDB Costamare Bulkers Holdings Limited	$473.2M	11.7×	—	—	—	−166.66% (below 0%: shrinking)	37.19%	6.44%	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%
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
Median of peers	$406.6M	7.3×	5.8×	+19.42%	+572.73%	+72.16%	54.67%	30.39%

All 38 Marine Shipping stocks →

Euroseas Ltd. (ESEA) key facts

Strength: Euroseas Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $227.9 million, up 7.03% from fiscal 2024.
Euroseas Ltd. (ESEA) is a Marine Shipping company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, ESEA traded at $66.17, a market capitalization of $443.5 million.
Euroseas Ltd. pays an annual dividend of $3.05 per share, a yield of 4.61%, with a payout ratio of 15.7%.
Return on equity was 33.2% and debt-to-equity 0.39.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.66 (grey zone) for fiscal 2025.