Castor Maritime Inc. (CTRM) vs United Maritime Corporation (USEA)

Castor Maritime Inc. and United Maritime Corporation are both Marine Shipping companies. United Maritime Corporation is the larger, with a market value of $28.9M against $20.7M — 1.4× the size. United Maritime Corporation has negative trailing earnings, so its P/E is not meaningful; Castor Maritime Inc. trades at 0.2×. Castor Maritime Inc. grew revenue faster over the last twelve months: 33.2% against −16.7%. Castor Maritime Inc. has the higher net margin (99.7% vs −4.95%) and the higher return on invested capital (8.49% vs 1.72%). Across the 18 metrics below, Castor Maritime Inc. leads on 13 and United Maritime Corporation on 5.

Valuation

Metric CTRM USEA Marine Shipping median
P/E 0.21 n/m 6.89
P/S 0.23 0.70 1.92
P/B 0.03 0.47 0.90
Price to free cash flow n/m 0.43 4.62
EV/EBITDA n/m 28.53 6.57
EV/Sales (0.21) 2.94 2.73
Earnings yield 485.75% (7.56%) 9.59%
Free cash flow yield (241.81%) 230.52% 16.76%

Profitability

Metric CTRM USEA Marine Shipping median
Gross margin 47.35% 62.79% 60.61%
Operating margin 98.27% 10.30% 27.74%
Net margin 99.68% (4.95%) 25.21%
Free cash flow margin (55.34%) 162.13% 17.29%
Return on equity 14.45% (3.10%) 8.62%
Return on assets 11.30% (1.08%) 5.35%
Return on invested capital 8.49% 1.72% 5.32%

Growth

Metric CTRM USEA Marine Shipping median
Revenue growth (TTM) 33.15% (16.73%) 13.26%
EPS growth (last fiscal year) (5.26%) (84.21%) —
Revenue growth, 5-year CAGR 45.64% 55.74% 11.77%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CTRM USEA Marine Shipping median
Debt to equity 0.10 1.72 0.52
Current ratio 4.68 0.96 1.63
Net debt to EBITDA 29.79 3.05 2.34

Dividend

Metric CTRM USEA Marine Shipping median
Dividend yield — 11.07% 5.54%
Payout ratio 0.00 — 0.13

Size

Metric CTRM USEA Marine Shipping median
Market cap 20.68m 28.90m 420.73m

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