Costamare (CMRE) Financials

$8.93 +0.05 (+0.51%)

Closing price 04/17/2025 03:59 PM Eastern

Extended Trading

$8.92 0.00 (-0.01%)

As of 04/17/2025 04:45 PM Eastern

Annual Income Statements for Costamare

This table shows Costamare's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	103	126	61	52	37	68	-22	404	524	355	291
Consolidated Net Income / (Loss)	115	144	82	73	67	99	8.88	435	555	381	316
Net Income / (Loss) Continuing Operations	115	144	81	73	67	99	8.88	435	555	381	316
Total Pre-Tax Income	115	144	81	73	67	99	8.88	435	555	381	316
Total Operating Income	215	218	166	137	117	173	60	441	662	468	462
Total Gross Profit	484	490	468	412	380	478	460	794	1,114	1,511	2,084
Total Revenue	484	490	468	412	380	478	460	794	1,114	1,511	2,084
Operating Revenue	484	490	468	412	380	478	460	794	1,114	1,511	2,084
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	269	272	302	275	263	305	400	352	452	1,043	1,622
Selling, General & Admin Expense	128	123	121	113	120	126	128	197	289	282	274
Depreciation Expense	106	102	101	96	96	113	109	137	166	166	164
Amortization Expense	12	12	15	16	15	8.95	9.06	10	13	20	24
Other Operating Expenses / (Income)	27	37	61	27	29	34	43	54	108	687	1,164
Impairment Charge	-	0.00	0.00	18	0.00	3.04	32	0.00	1.69	0.43	0.00
Other Special Charges / (Income)	-2.54	-1.69	4.44	4.86	3.07	20	79	-46	-126	-112	-3.79
Total Other Income / (Expense), net	-100	-74	-85	-64	-50	-74	-51	-6.23	-108	-87	-146
Interest Expense	86	80	73	70	64	89	69	86	122	144	133
Interest & Investment Income	-2.61	0.84	1.55	6.02	16	15	18	16	8.25	33	33
Other Income / (Expense), net	-11	4.64	-13	-0.32	-1.43	0.17	-0.77	64	6.43	24	-46
Preferred Stock Dividends Declared	12	18	21	21	31	31	30	31	31	31	29
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	-	-	0.00	0.00	-0.26	-4.73	-3.59
Basic Earnings per Share	$1.38	$1.68	$0.79	$0.52	$0.33	$0.59	($0.18)	$3.28	$4.26	$2.95	$2.44
Weighted Average Basic Shares Outstanding	74.80M	75.03M	77.24M	100.53M	110.40M	115.75M	120.70M	123.07M	122.96M	120.30M	119.30M
Weighted Average Diluted Shares Outstanding	74.80M	75.03M	77.24M	100.53M	110.40M	115.75M	120.70M	123.07M	136.81M	132.88M	129.88M
Weighted Average Basic & Diluted Shares Outstanding	74.80M	75.03M	77.24M	100.53M	110.40M	115.75M	120.70M	123.07M	136.81M	132.88M	129.88M

No quarterly income statements for Costamare are available.

This table details how cash moves in and out of Costamare's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	20	-13	48	8.32	-52	29	-3.98	162	458	14	-47
Net Cash From Operating Activities	243	245	221	192	141	250	274	466	582	331	538
Net Cash From Continuing Operating Activities	243	245	221	192	141	250	274	466	582	331	538
Net Income / (Loss) Continuing Operations	115	144	82	73	67	99	8.88	435	555	381	316
Consolidated Net Income / (Loss)	115	144	82	73	67	99	8.88	435	555	381	316
Depreciation Expense	106	102	101	96	96	113	109	137	166	166	164
Amortization Expense	16	14	17	18	18	13	12	15	24	29	32
Non-Cash Adjustments To Reconcile Net Income	-12	-18	29	11	-16	19	109	-133	-162	-139	42
Changes in Operating Assets and Liabilities, net	19	4.23	-7.52	-5.80	-25	6.57	36	12	-1.27	-106	-17
Net Cash From Investing Activities	-119	-43	-28	-43	-113	-8.86	-36	-787	42	79	-80
Net Cash From Continuing Investing Activities	-119	-43	-28	-43	-113	-8.86	-36	-787	42	79	-79
Acquisitions	-	-	-	-	-	-	-	0.00	0.00	1.52	0.00
Purchase of Investments	-85	-45	-39	-9.89	-5.29	-0.06	0.00	0.00	-179	-200	-72
Sale and/or Maturity of Investments	0.00	0.00	2.92	1.46	2.47	25	33	81	60	309	73
Other Investing Activities, net	-5.18	4.66	7.27	-35	-128	-33	-69	-868	161	-31	-80
Net Cash From Financing Activities	-104	-215	-144	-140	-81	-212	-242	483	-166	-397	-505
Net Cash From Continuing Financing Activities	-104	-215	-144	-140	-81	-212	-242	483	-166	-397	-506
Repayment of Debt	-368	-210	-361	-256	-504	-601	-459	-672	-1,004	-857	-845
Repurchase of Preferred Equity	-	-	-	-	0.00	0.00	-1.68	-	0.00	0.00	-114
Repurchase of Common Equity	-	-	-	-	-	-	0.00	0.00	-60	-60	0.00
Payment of Dividends	-93	-102	-75	-38	-49	-59	-65	-71	-116	-56	-74
Issuance of Debt	266	0.00	223	62	361	448	286	1,225	1,014	576	528
Other Financing Activities, net	91	98	69	92	111	0.00	-2.10	-	0.00	0.00	-0.28
Cash Interest Paid	46	45	51	56	61	83	64	72	101	153	147

No quarterly cash flow statements for Costamare are available.

This table presents Costamare's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	2,715	2,633	2,558	2,490	3,051	3,012	3,011	4,407	4,896	5,287	5,149
Total Current Assets	158	145	210	227	171	197	192	426	1,015	1,118	1,040
Cash & Equivalents	113	100	165	179	114	149	144	276	718	746	705
Restricted Cash	14	14	6.88	7.24	5.60	6.91	5.00	8.86	9.77	11	18
Short-Term Investments	-	-	-	0.00	0.19	0.19	0.19	0.00	120	68	62
Accounts Receivable	6.81	7.12	4.42	6.60	10	15	9.87	21	31	55	53
Inventories, net	12	11	11	9.66	11	11	10	21	28	61	58
Prepaid Expenses	9.98	8.53	13	14	15	8.43	8.85	8.60	11	62	67
Other Current Assets	2.27	4.72	3.29	9.70	9.99	2.36	1.34	90	42	75	79
Other Current Nonoperating Assets	-	0.00	6.26	-	4.84	4.91	12	-	55	40	0.00
Plant, Property, & Equipment, net	2,349	2,248	2,073	1,995	2,609	2,620	2,451	191	3,667	3,447	3,387
Plant, Property & Equipment, gross	2,349	2,248	2,073	1,995	2,609	2,620	2,451	191	3,667	3,447	3,387
Total Noncurrent Assets	207	240	275	268	271	194	368	3,790	215	723	721
Long-Term Investments	74	118	153	162	131	118	85	20	21	192	222
Noncurrent Note & Lease Receivables	1.43	37	53	45	52	8.60	3.90	5.08	5.26	64	48
Intangible Assets	-	-	-	0.00	1.22	1.03	0.84	0.67	0.47	0.27	0.07
Other Noncurrent Operating Assets	83	36	30	29	40	26	235	3,695	104	397	396
Other Noncurrent Nonoperating Assets	50	49	39	33	47	40	43	69	84	69	55
Total Liabilities & Shareholders' Equity	2,715	2,633	2,558	2,490	3,051	3,012	3,011	4,407	4,896	5,287	5,149
Total Liabilities	1,912	1,669	1,484	1,272	1,694	1,601	1,662	2,681	2,736	2,848	2,580
Total Current Liabilities	290	270	280	277	225	267	207	370	423	663	746
Short-Term Debt	206	198	227	239	149	211	147	272	320	347	318
Accounts Payable	6.30	4.42	4.04	6.52	8.78	6.69	8.01	21	20	47	49
Accrued Expenses	19	15	11	11	18	19	18	27	52	40	32
Current Deferred Revenue	13	18	20	15	12	10	12	24	25	52	48
Other Current Liabilities	46	34	18	4.93	37	19	22	26	5.71	174	299
Total Noncurrent Liabilities	1,622	1,399	1,204	995	1,469	1,335	1,455	2,311	2,313	2,185	1,835
Long-Term Debt	1,327	1,135	856	645	1,159	1,206	1,305	2,170	2,265	1,999	1,716
Noncurrent Deferred Revenue	29	27	16	11	4.74	7.93	30	34	35	27	15
Other Noncurrent Operating Liabilities	32	20	-	-	0.00	0.43	3.65	7.84	14	158	104
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	-	0.00	3.49	0.63	-2.45
Total Equity & Noncontrolling Interests	803	964	1,074	1,219	1,357	1,411	1,349	1,726	2,157	2,439	2,571
Total Preferred & Common Equity	803	964	1,074	1,219	1,357	1,411	1,349	1,726	2,157	2,383	2,514
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	803	964	1,074	1,219	1,357	1,411	1,349	1,726	2,157	2,383	2,514
Common Stock	859	964	1,057	1,176	1,314	1,351	1,366	1,387	1,424	1,435	1,337
Retained Earnings	0.10	44	31	44	39	61	-9.72	341	747	1,046	1,280
Treasury Stock	-	-	-	-	-	-	-	0.00	-60	-120	-120
Accumulated Other Comprehensive Income / (Loss)	-56	-45	-14	-0.97	4.54	-1.21	-7.96	-2.23	46	21	17
Noncontrolling Interest	-	-	-	-	-	-	-	-	0.00	56	58

No quarterly balance sheets for Costamare are available.

This table displays calculated financial ratios and metrics derived from Costamare's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.84%	1.32%	-4.52%	-11.91%	-7.77%	25.69%	-3.72%	72.41%	40.35%	35.69%	37.88%
EBITDA Growth	18.02%	3.67%	-19.99%	-7.21%	-8.43%	30.47%	-39.83%	264.72%	30.63%	-19.98%	-10.88%
EBIT Growth	15.65%	9.09%	-31.43%	-10.42%	-15.34%	49.74%	-65.63%	747.74%	32.44%	-26.39%	-15.44%
NOPAT Growth	27.02%	1.50%	-23.80%	-17.49%	-14.49%	47.77%	-65.15%	631.58%	50.05%	-29.33%	-1.23%
Net Income Growth	11.64%	24.92%	-43.17%	-10.80%	-7.74%	47.23%	-91.03%	4,801.67%	27.48%	-31.31%	-16.98%
EPS Growth	1.47%	21.74%	-52.98%	-34.18%	-36.54%	78.79%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	30.31%	0.57%	-9.85%	-13.06%	-26.58%	77.85%	9.54%	70.08%	24.67%	-43.02%	62.27%
Free Cash Flow Firm Growth	158.68%	24.22%	-7.66%	-30.26%	-350.68%	143.41%	-71.36%	-1,454.79%	199.31%	-33.86%	7.90%
Invested Capital Growth	-1.26%	-3.69%	-5.11%	-2.76%	29.45%	-1.48%	-0.02%	48.19%	-4.04%	-1.98%	-3.34%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	67.30%	68.87%	57.71%	60.79%	60.35%	62.65%	39.15%	82.82%	77.08%	45.46%	29.38%
Operating Margin	44.36%	44.44%	35.47%	33.22%	30.80%	36.21%	13.11%	55.61%	59.46%	30.97%	22.18%
EBIT Margin	42.15%	45.38%	32.59%	33.14%	30.42%	36.24%	12.94%	63.62%	60.03%	32.57%	19.98%
Profit (Net Income) Margin	23.78%	29.32%	17.45%	17.67%	17.68%	20.71%	1.93%	54.83%	49.80%	25.21%	15.18%
Tax Burden Percent	100.00%	100.00%	100.44%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Interest Burden Percent	56.41%	64.60%	53.30%	53.31%	58.10%	57.13%	14.91%	86.18%	82.95%	77.41%	75.99%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	9.20%	9.57%	7.63%	6.56%	4.96%	6.54%	2.30%	13.53%	17.36%	12.65%	12.83%
ROIC Less NNEP Spread (ROIC-NNEP)	2.99%	4.25%	0.34%	-0.24%	0.32%	0.67%	-1.83%	13.17%	11.61%	6.44%	-0.46%
Return on Net Nonoperating Assets (RNNOA)	6.57%	6.71%	0.39%	-0.20%	0.27%	0.62%	-1.65%	14.77%	11.19%	3.92%	-0.20%
Return on Equity (ROE)	15.77%	16.28%	8.02%	6.36%	5.22%	7.15%	0.64%	28.30%	28.55%	16.57%	12.63%
Cash Return on Invested Capital (CROIC)	10.47%	13.33%	12.87%	9.35%	-20.72%	8.03%	2.32%	-25.30%	21.47%	14.65%	16.24%
Operating Return on Assets (OROA)	7.56%	8.32%	5.88%	5.41%	4.18%	5.72%	1.98%	13.61%	14.38%	9.67%	7.98%
Return on Assets (ROA)	4.26%	5.38%	3.15%	2.89%	2.43%	3.27%	0.29%	11.73%	11.92%	7.48%	6.06%
Return on Common Equity (ROCE)	15.77%	16.28%	8.02%	6.36%	5.22%	7.15%	0.64%	28.30%	28.52%	16.35%	12.35%
Return on Equity Simple (ROE_SIMPLE)	14.34%	14.92%	7.60%	5.98%	4.95%	7.02%	0.66%	25.21%	25.72%	15.99%	12.59%
Net Operating Profit after Tax (NOPAT)	215	218	166	137	117	173	60	441	662	468	462
NOPAT Margin	44.36%	44.44%	35.47%	33.22%	30.80%	36.21%	13.11%	55.61%	59.46%	30.97%	22.18%
Net Nonoperating Expense Percent (NNEP)	6.21%	5.32%	7.29%	6.80%	4.64%	5.86%	4.12%	0.36%	5.74%	6.21%	13.29%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	13.97%	9.78%	10.04%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	26.35%	25.18%	25.74%	27.48%	31.48%	26.26%	27.82%	24.80%	25.92%	18.68%	13.13%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	55.64%	55.56%	64.46%	66.78%	69.20%	63.79%	86.89%	44.39%	40.54%	69.03%	77.82%
Earnings before Interest and Taxes (EBIT)	204	223	153	137	116	173	60	505	669	492	416
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	326	338	270	251	230	300	180	657	859	687	612
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.89	0.47	0.26	0.30	0.26	0.60	0.62	0.79	0.54	0.57	0.67
Price to Tangible Book Value (P/TBV)	0.89	0.47	0.26	0.30	0.26	0.60	0.62	0.79	0.54	0.57	0.67
Price to Revenue (P/Rev)	1.48	0.93	0.59	0.88	0.92	1.78	1.81	1.71	1.05	0.90	0.81
Price to Earnings (P/E)	6.95	3.61	4.55	7.00	9.55	12.54	0.00	3.37	2.23	3.83	5.82
Dividend Yield	11.58%	18.96%	26.51%	9.98%	12.33%	5.30%	5.71%	3.86%	5.44%	4.63%	3.61%
Earnings Yield	14.39%	27.74%	21.98%	14.29%	10.47%	7.97%	0.00%	29.69%	44.76%	26.08%	17.18%
Enterprise Value to Invested Capital (EV/IC)	0.98	0.79	0.64	0.60	0.64	0.80	0.83	0.92	0.77	0.75	0.78
Enterprise Value to Revenue (EV/Rev)	4.72	3.61	2.92	3.00	4.51	4.42	4.71	4.53	2.59	1.82	1.33
Enterprise Value to EBITDA (EV/EBITDA)	7.01	5.25	5.06	4.94	7.46	7.05	12.03	5.47	3.37	4.00	4.53
Enterprise Value to EBIT (EV/EBIT)	11.19	7.96	8.95	9.05	14.81	12.19	36.42	7.13	4.32	5.58	6.66
Enterprise Value to NOPAT (EV/NOPAT)	10.64	8.13	8.23	9.03	14.63	12.20	35.95	8.15	4.36	5.87	6.00
Enterprise Value to Operating Cash Flow (EV/OCF)	9.39	7.24	6.19	6.45	12.17	8.43	7.91	7.71	4.97	8.29	5.16
Enterprise Value to Free Cash Flow (EV/FCFF)	9.35	5.84	4.87	6.33	0.00	9.93	35.61	0.00	3.53	5.07	4.74
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.20	1.61	1.32	1.00	1.19	1.09	1.16	1.47	1.20	0.96	0.79
Long-Term Debt to Equity	1.94	1.40	1.11	0.81	1.08	0.94	1.05	1.31	1.05	0.82	0.67
Financial Leverage	2.20	1.58	1.14	0.82	0.84	0.91	0.90	1.12	0.96	0.61	0.44
Leverage Ratio	3.70	3.03	2.55	2.20	2.15	2.19	2.18	2.41	2.39	2.21	2.08
Compound Leverage Factor	2.09	1.96	1.36	1.17	1.25	1.25	0.33	2.08	1.99	1.71	1.58
Debt to Total Capital	68.77%	61.68%	56.84%	50.10%	54.31%	52.14%	53.77%	59.56%	54.47%	49.03%	44.19%
Short-Term Debt to Total Capital	8.03%	7.88%	9.13%	9.80%	5.02%	7.15%	5.04%	6.38%	6.75%	7.25%	6.91%
Long-Term Debt to Total Capital	60.73%	53.80%	47.71%	40.30%	49.29%	44.99%	48.72%	53.18%	47.72%	41.78%	37.29%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	1.19%	1.20%
Common Equity to Total Capital	31.23%	38.32%	43.16%	49.90%	45.69%	47.86%	46.23%	40.44%	45.46%	49.79%	54.61%
Debt to EBITDA	5.42	4.59	5.24	4.88	7.03	5.13	8.70	3.87	3.01	3.41	3.32
Net Debt to EBITDA	4.81	3.90	4.03	3.49	5.94	4.22	7.40	3.40	2.00	1.94	1.68
Long-Term Debt to EBITDA	4.79	4.01	4.40	3.92	6.38	4.43	7.89	3.45	2.64	2.91	2.80
Debt to NOPAT	8.23	7.12	8.52	8.93	13.77	8.88	26.00	5.76	3.90	5.01	4.40
Net Debt to NOPAT	7.29	6.05	6.56	6.39	11.63	7.29	22.12	5.07	2.59	2.84	2.22
Long-Term Debt to NOPAT	7.27	6.21	7.15	7.18	12.50	7.66	23.56	5.14	3.42	4.27	3.71
Altman Z-Score	0.59	0.59	0.48	0.52	0.37	0.67	0.51	0.99	1.29	1.26	1.48
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.09%	1.31%	2.24%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.54	0.54	0.75	0.82	0.76	0.74	0.93	1.15	2.40	1.69	1.40
Quick Ratio	0.41	0.40	0.60	0.67	0.55	0.62	0.74	0.80	2.05	1.31	1.10
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	244	303	280	195	-490	213	61	-825	819	542	585
Operating Cash Flow to CapEx	839.33%	8,871.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	2.83	3.81	3.85	2.80	-7.66	2.39	0.89	-9.59	6.70	3.75	4.39
Operating Cash Flow to Interest Expense	2.82	3.07	3.03	2.75	2.20	2.81	3.99	5.42	4.76	2.29	4.04
Operating Cash Flow Less CapEx to Interest Expense	2.48	3.04	3.03	2.75	2.20	2.81	3.99	5.42	4.76	2.29	4.04
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.18	0.18	0.18	0.16	0.14	0.16	0.15	0.21	0.24	0.30	0.40
Accounts Receivable Turnover	37.76	70.38	81.13	74.89	45.01	37.83	37.06	51.45	43.04	35.32	38.83
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.20	0.21	0.22	0.20	0.17	0.18	0.18	0.60	0.58	0.42	0.61
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	9.67	5.19	4.50	4.87	8.11	9.65	9.85	7.09	8.48	10.33	9.40
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	9.67	5.19	4.50	4.87	8.11	9.65	9.85	7.09	8.48	10.33	9.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,319	2,233	2,119	2,061	2,668	2,628	2,628	3,894	3,737	3,663	3,541
Invested Capital Turnover	0.21	0.22	0.22	0.20	0.16	0.18	0.18	0.24	0.29	0.41	0.58
Increase / (Decrease) in Invested Capital	-30	-85	-114	-58	607	-40	-0.57	1,266	-157	-74	-123
Enterprise Value (EV)	2,283	1,772	1,366	1,238	1,714	2,112	2,169	3,598	2,890	2,747	2,774
Market Capitalization	717	454	276	363	351	849	834	1,361	1,170	1,360	1,692
Book Value per Share	$10.73	$12.88	$14.25	$13.48	$12.54	$12.54	$11.32	$14.13	$15.57	$17.42	$18.92
Tangible Book Value per Share	$10.73	$12.88	$14.25	$13.48	$12.53	$12.53	$11.32	$14.12	$15.57	$17.41	$18.92
Total Capital	2,570	2,514	2,489	2,442	2,971	2,948	2,917	4,268	4,745	4,786	4,603
Total Debt	1,767	1,551	1,415	1,223	1,613	1,537	1,569	2,542	2,585	2,346	2,034
Total Long-Term Debt	1,561	1,353	1,188	984	1,464	1,326	1,421	2,269	2,265	1,999	1,716
Net Debt	1,566	1,319	1,090	875	1,363	1,263	1,334	2,237	1,716	1,330	1,027
Capital Expenditures (CapEx)	29	2.76	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-53	-41	-15	2.90	-24	-15	-17	44	64	-22	-172
Debt-free Net Working Capital (DFNWC)	74	73	157	189	95	141	132	328	912	802	613
Net Working Capital (NWC)	-132	-125	-70	-50	-54	-69	-15	56	592	455	295
Net Nonoperating Expense (NNE)	100	74	84	64	50	74	51	6.23	108	87	146
Net Nonoperating Obligations (NNO)	1,516	1,270	1,045	842	1,311	1,218	1,279	2,168	1,577	1,224	972
Total Depreciation and Amortization (D&A)	122	115	118	114	114	126	121	152	190	195	196
Debt-free, Cash-free Net Working Capital to Revenue	-11.01%	-8.41%	-3.12%	0.70%	-6.37%	-3.05%	-3.67%	5.49%	5.71%	-1.47%	-8.27%
Debt-free Net Working Capital to Revenue	15.30%	14.86%	33.57%	45.85%	25.04%	29.59%	28.72%	41.39%	81.85%	53.06%	29.39%
Net Working Capital to Revenue	-27.36%	-25.54%	-14.98%	-12.14%	-14.17%	-14.49%	-3.24%	7.07%	53.11%	30.10%	14.14%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.38	$1.68	$0.79	$0.52	$0.33	$0.59	($0.18)	$3.28	$4.26	$2.95	$2.44
Adjusted Weighted Average Basic Shares Outstanding	74.80M	75.40M	90.42M	108.21M	112.46M	119.13M	122.16M	138.49M	122.96M	120.30M	119.30M
Adjusted Diluted Earnings per Share	$1.38	$1.68	$0.79	$0.52	$0.33	$0.59	($0.18)	$3.28	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	74.80M	75.40M	90.42M	108.21M	112.46M	119.13M	122.16M	138.49M	136.81M	132.88M	129.88M
Adjusted Basic & Diluted Earnings per Share	$1.38	$1.68	$0.79	$0.52	$0.33	$0.59	($0.18)	$3.28	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	74.80M	75.03M	77.24M	100.53M	110.40M	115.75M	120.70M	123.07M	136.81M	132.88M	129.88M
Normalized Net Operating Profit after Tax (NOPAT)	149	151	119	112	84	137	120	277	376	249	321
Normalized NOPAT Margin	30.68%	30.87%	25.49%	27.13%	22.12%	28.66%	26.01%	34.88%	33.79%	16.50%	15.40%
Pre Tax Income Margin	23.78%	29.32%	17.37%	17.67%	17.68%	20.71%	1.93%	54.83%	49.80%	25.21%	15.18%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.36	2.79	2.10	1.96	1.81	1.95	0.87	5.87	5.47	3.41	3.13
NOPAT to Interest Expense	2.49	2.74	2.28	1.96	1.83	1.95	0.88	5.13	5.42	3.24	3.47
EBIT Less CapEx to Interest Expense	2.03	2.76	2.10	1.96	1.81	1.95	0.87	5.87	5.47	3.41	3.13
NOPAT Less CapEx to Interest Expense	2.15	2.70	2.28	1.96	1.83	1.95	0.88	5.13	5.42	3.24	3.47
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	80.87%	71.15%	91.80%	51.81%	73.09%	59.25%	737.52%	16.38%	20.88%	14.62%	23.32%
Augmented Payout Ratio	80.87%	71.15%	91.80%	51.81%	73.09%	59.25%	737.52%	16.38%	31.71%	30.37%	23.32%

No quarterly metrics and ratios for Costamare are available.

Frequently Asked Questions About Costamare's Financials

When does Costamare's fiscal year end?

According to the most recent income statement we have on file, Costamare's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Costamare's net income changed over the last 10 years?

Costamare's net income appears to be on an upward trend, with a most recent value of $316.33 million in 2024, rising from $115.09 million in 2014. The previous period was $381.02 million in 2023.

What is Costamare's operating income?

Costamare's total operating income in 2024 was $462.26 million, based on the following breakdown:

Total Gross Profit: $2.08 billion
Total Operating Expenses: $1.62 billion

How has Costamare revenue changed over the last 10 years?

Over the last 10 years, Costamare's total revenue changed from $484.00 million in 2014 to $2.08 billion in 2024, a change of 330.6%.

How much debt does Costamare have?

Costamare's total liabilities were at $2.58 billion at the end of 2024, a 9.4% decrease from 2023, and a 34.9% increase since 2014.

How much cash does Costamare have?

In the past 10 years, Costamare's cash and equivalents has ranged from $100.11 million in 2015 to $745.54 million in 2023, and is currently $704.63 million as of their latest financial filing in 2024.

How has Costamare's book value per share changed over the last 10 years?

Over the last 10 years, Costamare's book value per share changed from 10.73 in 2014 to 18.92 in 2024, a change of 76.3%.

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This page (NYSE:CMRE) was last updated on 4/18/2025 by MarketBeat.com Staff

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Costamare (CMRE) Financials

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Costamare (CMRE) Financials

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