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

Navios Maritime Partners LP

Navios Maritime Partners LP’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 0.76% from fiscal 2024. In the quarter to June 2026, revenue grew 25.2%, EPS grew 147.0%, free cash flow grew 252.8% and total debt rose 1.95%, 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.

88.03 1.16 −1.30%

Follow NMM

Alert me

Market cap: $2.5B
P/E: 5.7×
Fwd P/E: 4.1×
Dividend yield: 0.25%
F-score: 7/9
Altman Z: n/a
Beneish M: −2.67
Dividend safety: 74/100

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

Insider Decisions trades per month

Total buys 9.06

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	3	8	6	7	8	2	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 37.17%

Capital & Financial Ratios $m

Market Cap 2,520.00

Revenue 1,479.65

Net Income 447.92

Free Cash Flow 575.92

Net Debt 1,793.52

Current Ratio 1.53

Debt/Equity 0.63

P/E ratio 5.75

Fwd P/E 4.08

P/S ratio 1.69

P/B ratio 0.70

Past 5Y EPS Growth —

This Y EPS Growth 86.69%

Next Y EPS Growth 10.65%

Next Y revenue growth 9.07%

Next 5Y EPS Growth 29.80%

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 77.82%

10-year low 10-year high

P/S against its own 10 years 97.53%

10-year low 10-year high

P/B against its own 10 years 98.67%

10-year low 10-year high

EV/Sales against its own 10 years 63.84%

10-year low 10-year high

EV/FCF against its own 10 years 29.67%

10-year low 10-year high

Dividends

Payout Ratio 0.01

Annual Dividend Rate 0.22

Annual Dividend Yield 0.25%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.23	0.05 0.06 0.06
2025	0.20	0.05 0.05 0.05 0.05
2024	0.20	0.05 0.05 0.05 0.05
2023	0.20	0.05 0.05 0.05 0.05
2022	0.20	0.05 0.05 0.05 0.05
2021	0.20	0.05 0.05 0.05 0.05
2020	0.70	0.30 0.30 0.05 0.05
2019	1.20	0.30 0.30 0.30 0.30
2018	0.90	0.30 0.30 0.30

predictions special payouts not included in total or ratios

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%

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.

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	11.85	21.30	11.70	11.43	4.08	10.06	19.71	19.23	27.47	28.37	Analyst estimates 2026–2028 Powerpack
	High	47.40	39.90	39.30	21.30	18.65	36.46	37.16	28.80	65.89	56.44
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
Income, $m
Income, $m	Revenue	191	212	231	219	227	713	1,211	1,307	1,334	1,344
	Gross margin, %	93.67	94.65	93.00	91.20	49.25	63.98	59.41	57.05	61.83	61.90
	EBT	(53)	(15)	(13)	(62)	(69)	511	579	434	367	285
	EBT margin, %	(27.58)	(7.02)	(5.65)	(28.32)	(30.22)	71.69	47.85	33.18	27.53	21.23
	Net income	(53)	(15)	(13)	(62)	(69)	511	579	434	367	285
	Depreciation	103	89	72	71	69	132	240	277	297	359
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
	Earnings	(9.30)	(1.65)	(1.20)	(5.62)	(6.13)	22.36	18.82	14.08	11.98	9.59
	Cash flow	10.20	6.05	6.31	6.50	8.58	12.25	16.79	18.56	16.10	17.33
	Capex	(2.77)	(5.02)	(3.66)	(1.40)	(5.86)	(4.24)	(4.95)	2.52	(18.54)	(1.13)
	Free cash flow	7.43	1.03	2.65	5.10	2.72	8.01	11.84	21.09	(2.44)	16.21
	Book value	122.71	86.79	71.76	67.22	59.71	78.24	77.70	91.79	103.45	114.68
	Shares, m	6	9	11	11	11	23	30	30	30	29
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.97	1.34	2.00	3.61	5.46
	P/S	0.64	1.49	0.60	0.92	0.54	0.80	0.63	0.65	0.97	1.14
	P/B	0.18	0.41	0.18	0.28	0.19	0.32	0.32	0.31	0.42	0.46
	EV/Sales	3.26	3.68	2.52	3.01	2.55	2.47	2.09	1.85	2.34	2.44
	EV/FCF	(2.75)	85.72	20.36	11.96	(25.11)	9.71	7.09	3.80	(42.55)	6.93
Cash, $m
Cash, $m	Operating cash flow	57	53	68	70	94	277	506	560	483	505
	Capex	(15)	(44)	(40)	(15)	(64)	(96)	(149)	76	(557)	(33)
	Free cash flow	41	9	29	55	30	181	357	636	(73)	472
Balance, $m
Balance, $m	Working capital	(43)	6	59	(4)	(192)	(169)	(307)	(60)	33	57
	Total debt	524	493	507	489	487	1,362	1,945	1,861	2,129	2,160
	Net debt	499	464	446	459	456	1,192	1,770	1,565	1,817	1,746
	Shareholders’ equity	680	768	777	728	655	1,770	2,343	2,770	3,107	3,341
Returns, %
Returns, %	ROA	(3.93)	(1.15)	(0.98)	(4.84)	(5.57)	21.37	13.33	8.46	6.65	4.82
	ROIC	(0.26)	2.19	3.55	3.04	1.78	8.66	7.98	6.73	5.84	4.95
	ROE	(7.29)	(2.04)	(1.66)	(8.26)	(9.91)	42.58	27.61	16.62	12.25	8.67

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
ZIM ZIM Integrated Shipping Services Ltd.	$3.6B	25.2×	— (loss-making)	+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.	$3.4B	8.4×	4.2×	+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.	$3.1B	10.9×	7.5×	+44.46% (above 0%: growing)	+433,233.33% (above 0%: growing)	+25.84% (above 0%: growing)	56.88%	43.38%	Compare
DAC Danaos Corporation	$2.9B	5.3×	4.7×	+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	$2.5B	5.7×	4.1×	+25.22% (above 0%: growing)	+147.01% (above 0%: growing)	+252.84% (above 0%: growing)	65.58%	39.64%
SFL SFL Corporation Ltd.	$1.9B	25.8×	29.6×	+4.25% (above 0%: growing)	+2,400.00% (above 0%: growing)	−18.32% (below 0%: shrinking)	63.23%	32.49%	Compare
CMRE Costamare Inc.	$1.7B	5.3×	6.3×	−4.00% (below 0%: shrinking)	−7.25% (below 0%: shrinking)	−269.21% (below 0%: shrinking)	71.38%	46.73%	Compare
GSL Global Ship Lease, Inc.	$1.5B	4.0×	3.9×	+3.56% (above 0%: growing)	−4.98% (below 0%: shrinking)	+0.47% (above 0%: growing)	68.06%	47.24%	Compare
CCEC Capital Clean Energy Carriers Corp.	$1.2B	10.9×	12.9×	+8.46% (above 0%: growing)	−5.88% (below 0%: shrinking)	−2,376.31% (below 0%: shrinking)	78.04%	50.63%	Compare
Median of peers	$2.4B	9.6×	6.3×	+6.56%	+97.88%	−13.91%	69.72%	46.99%

All 38 Marine Shipping stocks →

Navios Maritime Partners LP (NMM) key facts

Strength: Navios Maritime Partners LP’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 0.76% from fiscal 2024.
Navios Maritime Partners LP (NMM) is a Marine Shipping company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, NMM traded at $88.03, a market capitalization of $2.5 billion.
Navios Maritime Partners LP pays an annual dividend of $0.22 per share, a yield of 0.25%, with a payout ratio of 1.44%.
Return on equity was 8.67% and debt-to-equity 0.63.
Its Piotroski F-score is 7 out of 9 for fiscal 2025.