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Navios Maritime Partners LP

NMM Industrials Marine Shipping

Navios Maritime Partners LP’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 0.76% from fiscal 2024.

Revenue
+25.2%
EPS
+147.0%
Free cash flow
+252.8%
Total debt
+1.95%

Quarter to June 2026, against a year earlier

84.57 0.47 +0.56%
Market cap
$2.4B
P/E
5.5×
Fwd P/E
4.5×
Dividend yield
0.26%
F-score
7/9
Altman Z
n/a
Beneish M
−2.67
Dividend safety
74/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 9.06
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — 3 8 6 7 8 2 — — —
Sell — — — — — — — — — — — —
Insider Ownership 37.35%

Capital & Financial Ratios $m

Size
Market Cap 2,380.00
Revenue ttm 1,479.65
Net income ttm 447.92
Free cash flow ttm 575.92
Net debt Q 1,793.52
Valuation
P/E 5.50
Forward P/E 4.47
Price / sales 1.62
Forward P/S Powerpack
Price / FCF 4.16
Price / book 0.67
Financial health
Current ratio Q 1.53 (at or above 1.5: strong)
Debt / equity Q 0.63
Interest coverage Q 5.54
Growth
Revenue growth Q +25.22% (above 0%: growing)
Operating income growth Q +66.50% (above 0%: growing)
EPS, this year +99.02% (at or above 15%: strong)
EPS, next year A +11.93%
Revenue, next year A +10.70% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +31.01% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.8×, against a ten-year median of 2.6×; over the ten years it ranged from 1.7× in 2023 to 4.2× in 2021.
P/E against its own 10 years 76.32%
10-year low 10-year high
P/S against its own 10 years 94.94%
10-year low 10-year high
P/B against its own 10 years 98.02%
10-year low 10-year high
EV/Sales against its own 10 years 60.07%
10-year low 10-year high
EV/FCF against its own 10 years 27.92%
10-year low 10-year high

Dividends

Yield
0.26%
Annual rate
0.22
Payout ratio
1.44%
Growth, 2018–26
−15.7%/yr
  1. 0.90 ’18
  2. 1.20 ’19 +33
  3. 0.70 ’20 −42
  4. 0.20 ’21 −71
  5. 0.20 ’22 +0
  6. 0.20 ’23 +0
  7. 0.20 ’24 +0
  8. 0.20 ’25 +0
  9. 0.23 ’26 +15
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 296 312 413 469
Receivables 42 33 34 51
Inventory — — — —
Other — 37 2 2
400 443 512 602
2023 2024 2025 Q'26
Payables 58 18 41 47
ST’ Debt 285 266 277 216
Other — — 1 0
460 410 455 393

Compound Annual Growth %

10y 5y 3y
Sales 19.64% 42.75% 3.55%
Cash Flow 15.14% 39.94% (0.09%)
Earnings 21.51% 0.00% (21.05%)
Book Value 16.39% 38.53% 12.55%

Earnings Trends EPS, adjusted, against the consensus

Jun 2025 Estimate 1.74 Actual 2.15

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2024 3.80 3.15 Miss by 0.65
Dec 2024 3.07 2.61 Miss by 0.46
Mar 2025 1.62 1.58 Miss by 0.04
Jun 2025 1.74 2.15 Beat by 0.41

EPS $

Mar Jun Sep Dec Year
’26 3.64 5.78 — — —
’25 1.38 2.34 1.90 3.99 9.59
’24 2.38 3.30 3.20 3.11 11.98
’23 3.22 3.65 2.91 4.30 14.08
’22 2.78 3.83 8.35 3.84 18.82
’21 11.69 4.31 5.95 3.89 22.32
’20 (0.97) (1.32) 0.63 (4.39) (6.13)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 357 410 — — —
’25 304 328 347 366 1,344
’24 319 342 341 333 1,334
’23 310 347 323 327 1,307
’22 237 281 322 371 1,211
’21 65 152 228 268 713
’20 46 47 64 69 227
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 127 187 — — —
’25 157 122 103 124 505
’24 94 131 143 115 483
’23 95 134 120 212 560
’22 5 142 219 140 506
’21 16 61 71 129 277
’20 21 27 21 25 94
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 36 186 — — —
’25 66 53 128 225 472
’24 55 51 (134) (45) (73)
’23 201 173 128 134 636
’22 3 138 45 171 357
’21 12 (82) 326 (75) 181
’20 21 (11) 21 (39) 30
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

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 191 212 231 219 227 713 1,211 1,307 1,334 1,344 1,480 +24.2% 1,488 1,566 1,645 +7.0%
Gross margin, % 93.67 94.65 93.00 91.20 49.25 63.98 59.41 57.05 61.83 61.90 64.47 (31.8) pt
EBT (53) (15) (13) (62) (69) 511 579 434 367 285 448 n/m
EBT margin, % (27.58) (7.02) (5.65) (28.32) (30.22) 71.69 47.85 33.18 27.53 21.23 30.27 +48.8 pt
Net income (53) (15) (13) (62) (69) 511 579 434 367 285 448 n/m
Per share, $
Per share, $ Revenue 34.37 23.93 21.37 20.25 20.68 31.53 40.14 43.30 44.43 46.14 52.05 +3.3%
Earnings (9.30) (1.65) (1.20) (5.62) (6.13) 22.36 18.82 14.08 11.98 9.59 15.31 n/m
Cash flow 10.20 6.05 6.31 6.50 8.58 12.25 16.79 18.56 16.10 17.33 19.00 +6.1%
Capex (2.77) (5.02) (3.66) (1.40) (5.86) (4.24) (4.95) 2.52 (18.54) (1.13) 1.26 (9.5%)
Free cash flow 7.43 1.03 2.65 5.10 2.72 8.01 11.84 21.09 (2.44) 16.21 20.26 +9.1%
Book value 122.71 86.79 71.76 67.22 59.71 78.24 77.70 91.79 103.45 114.68 126.42 (0.7%)
Shares, m 6 9 11 11 11 23 30 30 30 29 29 +20.2%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.97 1.34 2.00 3.61 5.46 5.50 1.3
P/S 0.67 1.56 0.60 0.92 0.54 0.80 0.63 0.65 0.97 1.14 1.62 0.8
P/B 0.19 0.43 0.18 0.28 0.19 0.32 0.32 0.31 0.42 0.46 0.67 0.3
EV/Sales 3.29 3.75 2.52 3.01 2.55 2.47 2.09 1.85 2.34 2.44 2.83 2.6
EV/FCF (2.77) 87.46 20.36 11.96 (25.11) 9.71 7.09 3.80 (42.55) 6.93 7.27 7.7
Cash, $m
Cash, $m Operating cash flow 57 53 68 70 94 277 506 560 483 505 540 +27.5%
Capex (15) (44) (40) (15) (64) (96) (149) 76 (557) (33) 36 +8.8%
Free cash flow 41 9 29 55 30 181 357 636 (73) 472 576 +31.1%
Balance, $m
Balance, $m Working capital (43) 6 59 (4) (192) (169) (307) (60) 33 57 209 n/m
Net debt 499 464 446 459 456 1,192 1,770 1,565 1,817 1,746 1,794 +14.9%
Shareholders’ equity 680 768 777 728 655 1,770 2,343 2,770 3,107 3,341 3,594 +19.3%
Returns, %
Returns, % ROA (3.93) (1.15) (0.98) (4.84) (5.57) 21.37 13.33 8.46 6.65 4.82 7.22 +8.8 pt
ROIC (0.26) 2.19 3.55 3.04 1.78 8.66 7.98 6.73 5.84 4.95 6.14 +5.2 pt
ROE (7.29) (2.04) (1.66) (8.26) (9.91) 42.58 27.61 16.62 12.25 8.67 12.93 +16.0 pt
People
People Employees 0 — — — — — — — — — — —
Revenue/emp, $m 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Navios Maritime Partners LP 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
ZIM ZIM Integrated Shipping Services Ltd. $3.3B 23.7× 3.4× +8.86% (above 0%: growing) +178.95% (above 0%: growing) −9.51% (below 0%: shrinking) 14.32% 8.10% Compare
ECO Okeanis Eco Tankers Corp. $3.1B 7.6× 5.0× +239.40% (above 0%: growing) +602.38% (above 0%: growing) +196.66% (above 0%: growing) 80.71% 74.97% Compare
SBLK Star Bulk Carriers Corp. $3.0B 10.4× 6.1× +44.46% (above 0%: growing) +433,233.33% (above 0%: growing) +25.84% (above 0%: growing) 56.88% 43.38% Compare
DAC Danaos Corporation $2.7B 5.0× 5.4× +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 $2.4B 5.5× 4.5× +25.22% (above 0%: growing) +147.01% (above 0%: growing) +252.84% (above 0%: growing) 65.58% 39.64%
SFL SFL Corporation Ltd. $1.7B 22.9× 29.1× +4.25% (above 0%: growing) +2,400.00% (above 0%: growing) −18.32% (below 0%: shrinking) 63.23% 32.49% Compare
CMRE Costamare Inc. $1.6B 4.8× 5.4× −2.12% (below 0%: shrinking) +2.01% (above 0%: growing) −269.21% (below 0%: shrinking) 70.25% 44.91% Compare
GSL Global Ship Lease, Inc. $1.4B 3.7× 4.2× +3.56% (above 0%: growing) −4.98% (below 0%: shrinking) +0.47% (above 0%: growing) 68.06% 47.24% Compare
HOS Hornbeck Offshore Services Inc $1.2B 19.9× 6.1× +0.57% (above 0%: growing) n/m +320.12% (above 0%: growing) 18.49% 8.79% Compare
Median of peers $2.2B 9.0× 5.4× +4.46% +178.95% −4.52% 65.65% 44.15%

All 38 Marine Shipping stocks →

Navios Maritime Partners LP (NMM) Latest News

4 Nov

Impact 3 · · Moby
Impact 3 · · GuruFocus.com
Impact 3 · · The Motley Fool transcript
Impact 3 · · GlobeNewswire

24 Aug

Impact 3 · · The Motley Fool transcript

21 Aug

Impact 3 ·
Impact 3 ·

20 Aug

Impact 4 ·
Impact 3 · · Moby transcript
Impact 3 · · MarketBeat
Impact 3 · · InvestorsHub
Impact 3 ·

31 Jul

Impact 4 ·

28 Jul

Impact 3 ·

2 Jun

Impact 3 · · Simply Wall St.

27 May

Impact 3 · · GlobeNewswire

21 May

Impact 4 · · GuruFocus.com
Impact 3 · · Moby transcript
Impact 3 · · MarketBeat
Impact 3 · · GlobeNewswire

30 Apr

Impact 4 · · Simply Wall St.

29 Apr

Impact 3 · · GlobeNewswire

5 Mar

Impact 4 ·

23 Feb

Impact 4 · · MarketBeat

19 Feb

Impact 4 · · Moby
Impact 4 · · GuruFocus.com
Impact 4 · · GlobeNewswire

30 Jan

Impact 4 · · Simply Wall St.

12 Dec

Impact 3 · · GlobeNewswireTipRanksMotley FoolGuruFocus.comMT NewswiresSimply Wall St.MT Newswires

19 Nov

Impact 3 · · TipRanksGuruFocus.comSimply Wall St.MT NewswiresAssociated Press Finance

NMM metrics, ten years each

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