Costamare (CMRE) Financials

$8.30 -0.02 (-0.22%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$8.30 -0.01 (-0.08%)

As of 05/23/2025 07:14 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	291	355	524	404	-22	68	37	52	61	126	103
Consolidated Net Income / (Loss)	316	381	555	435	8.88	99	67	73	82	144	115
Net Income / (Loss) Continuing Operations	316	381	555	435	8.88	99	67	73	81	144	115
Total Pre-Tax Income	316	381	555	435	8.88	99	67	73	81	144	115
Total Operating Income	462	468	662	441	60	173	117	137	166	218	215
Total Gross Profit	2,084	1,511	1,114	794	460	478	380	412	468	490	484
Total Revenue	2,084	1,511	1,114	794	460	478	380	412	468	490	484
Operating Revenue	2,084	1,511	1,114	794	460	478	380	412	468	490	484
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	1,622	1,043	452	352	400	305	263	275	302	272	269
Selling, General & Admin Expense	274	282	289	197	128	126	120	113	121	123	128
Depreciation Expense	164	166	166	137	109	113	96	96	101	102	106
Amortization Expense	24	20	13	10	9.06	8.95	15	16	15	12	12
Other Operating Expenses / (Income)	1,164	687	108	54	43	34	29	27	61	37	27
Impairment Charge	0.00	0.43	1.69	0.00	32	3.04	0.00	18	0.00	0.00	-
Other Special Charges / (Income)	-3.79	-112	-126	-46	79	20	3.07	4.86	4.44	-1.69	-2.54
Total Other Income / (Expense), net	-146	-87	-108	-6.23	-51	-74	-50	-64	-85	-74	-100
Interest Expense	133	144	122	86	69	89	64	70	73	80	86
Interest & Investment Income	33	33	8.25	16	18	15	16	6.02	1.55	0.84	-2.61
Other Income / (Expense), net	-46	24	6.43	64	-0.77	0.17	-1.43	-0.32	-13	4.64	-11
Preferred Stock Dividends Declared	29	31	31	31	30	31	31	21	21	18	12
Net Income / (Loss) Attributable to Noncontrolling Interest	-3.59	-4.73	-0.26	0.00	0.00	-	-	-	-	-	-
Basic Earnings per Share	$2.44	$2.95	$4.26	$3.28	($0.18)	$0.59	$0.33	$0.52	$0.79	$1.68	$1.38
Weighted Average Basic Shares Outstanding	119.30M	120.30M	122.96M	123.07M	120.70M	115.75M	110.40M	100.53M	77.24M	75.03M	74.80M
Weighted Average Diluted Shares Outstanding	129.88M	132.88M	136.81M	123.07M	120.70M	115.75M	110.40M	100.53M	77.24M	75.03M	74.80M
Weighted Average Basic & Diluted Shares Outstanding	129.88M	132.88M	136.81M	123.07M	120.70M	115.75M	110.40M	100.53M	77.24M	75.03M	74.80M

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

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

No quarterly balance sheets for Costamare are available.

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	37.88%	35.69%	40.35%	72.41%	-3.72%	25.69%	-7.77%	-11.91%	-4.52%	1.32%	16.84%
EBITDA Growth	-10.88%	-19.98%	30.63%	264.72%	-39.83%	30.47%	-8.43%	-7.21%	-19.99%	3.67%	18.02%
EBIT Growth	-15.44%	-26.39%	32.44%	747.74%	-65.63%	49.74%	-15.34%	-10.42%	-31.43%	9.09%	15.65%
NOPAT Growth	-1.23%	-29.33%	50.05%	631.58%	-65.15%	47.77%	-14.49%	-17.49%	-23.80%	1.50%	27.02%
Net Income Growth	-16.98%	-31.31%	27.48%	4,801.67%	-91.03%	47.23%	-7.74%	-10.80%	-43.17%	24.92%	11.64%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	78.79%	-36.54%	-34.18%	-52.98%	21.74%	1.47%
Operating Cash Flow Growth	62.27%	-43.02%	24.67%	70.08%	9.54%	77.85%	-26.58%	-13.06%	-9.85%	0.57%	30.31%
Free Cash Flow Firm Growth	7.90%	-33.86%	199.31%	-1,454.79%	-71.36%	143.41%	-350.68%	-30.26%	-7.66%	24.22%	158.68%
Invested Capital Growth	-3.34%	-1.98%	-4.04%	48.19%	-0.02%	-1.48%	29.45%	-2.76%	-5.11%	-3.69%	-1.26%
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	29.38%	45.46%	77.08%	82.82%	39.15%	62.65%	60.35%	60.79%	57.71%	68.87%	67.30%
Operating Margin	22.18%	30.97%	59.46%	55.61%	13.11%	36.21%	30.80%	33.22%	35.47%	44.44%	44.36%
EBIT Margin	19.98%	32.57%	60.03%	63.62%	12.94%	36.24%	30.42%	33.14%	32.59%	45.38%	42.15%
Profit (Net Income) Margin	15.18%	25.21%	49.80%	54.83%	1.93%	20.71%	17.68%	17.67%	17.45%	29.32%	23.78%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.44%	100.00%	100.00%
Interest Burden Percent	75.99%	77.41%	82.95%	86.18%	14.91%	57.13%	58.10%	53.31%	53.30%	64.60%	56.41%
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)	12.83%	12.65%	17.36%	13.53%	2.30%	6.54%	4.96%	6.56%	7.63%	9.57%	9.20%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.46%	6.44%	11.61%	13.17%	-1.83%	0.67%	0.32%	-0.24%	0.34%	4.25%	2.99%
Return on Net Nonoperating Assets (RNNOA)	-0.20%	3.92%	11.19%	14.77%	-1.65%	0.62%	0.27%	-0.20%	0.39%	6.71%	6.57%
Return on Equity (ROE)	12.63%	16.57%	28.55%	28.30%	0.64%	7.15%	5.22%	6.36%	8.02%	16.28%	15.77%
Cash Return on Invested Capital (CROIC)	16.24%	14.65%	21.47%	-25.30%	2.32%	8.03%	-20.72%	9.35%	12.87%	13.33%	10.47%
Operating Return on Assets (OROA)	7.98%	9.67%	14.38%	13.61%	1.98%	5.72%	4.18%	5.41%	5.88%	8.32%	7.56%
Return on Assets (ROA)	6.06%	7.48%	11.92%	11.73%	0.29%	3.27%	2.43%	2.89%	3.15%	5.38%	4.26%
Return on Common Equity (ROCE)	12.35%	16.35%	28.52%	28.30%	0.64%	7.15%	5.22%	6.36%	8.02%	16.28%	15.77%
Return on Equity Simple (ROE_SIMPLE)	12.59%	15.99%	25.72%	25.21%	0.66%	7.02%	4.95%	5.98%	7.60%	14.92%	14.34%
Net Operating Profit after Tax (NOPAT)	462	468	662	441	60	173	117	137	166	218	215
NOPAT Margin	22.18%	30.97%	59.46%	55.61%	13.11%	36.21%	30.80%	33.22%	35.47%	44.44%	44.36%
Net Nonoperating Expense Percent (NNEP)	13.29%	6.21%	5.74%	0.36%	4.12%	5.86%	4.64%	6.80%	7.29%	5.32%	6.21%
Return On Investment Capital (ROIC_SIMPLE)	10.04%	9.78%	13.97%	-	-	-	-	-	-	-	-
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	13.13%	18.68%	25.92%	24.80%	27.82%	26.26%	31.48%	27.48%	25.74%	25.18%	26.35%
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	77.82%	69.03%	40.54%	44.39%	86.89%	63.79%	69.20%	66.78%	64.46%	55.56%	55.64%
Earnings before Interest and Taxes (EBIT)	416	492	669	505	60	173	116	137	153	223	204
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	612	687	859	657	180	300	230	251	270	338	326
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.67	0.57	0.54	0.79	0.62	0.60	0.26	0.30	0.26	0.47	0.89
Price to Tangible Book Value (P/TBV)	0.67	0.57	0.54	0.79	0.62	0.60	0.26	0.30	0.26	0.47	0.89
Price to Revenue (P/Rev)	0.81	0.90	1.05	1.71	1.81	1.78	0.92	0.88	0.59	0.93	1.48
Price to Earnings (P/E)	5.82	3.83	2.23	3.37	0.00	12.54	9.55	7.00	4.55	3.61	6.95
Dividend Yield	3.61%	4.63%	5.44%	3.86%	5.71%	5.30%	12.33%	9.98%	26.51%	18.96%	11.58%
Earnings Yield	17.18%	26.08%	44.76%	29.69%	0.00%	7.97%	10.47%	14.29%	21.98%	27.74%	14.39%
Enterprise Value to Invested Capital (EV/IC)	0.78	0.75	0.77	0.92	0.83	0.80	0.64	0.60	0.64	0.79	0.98
Enterprise Value to Revenue (EV/Rev)	1.33	1.82	2.59	4.53	4.71	4.42	4.51	3.00	2.92	3.61	4.72
Enterprise Value to EBITDA (EV/EBITDA)	4.53	4.00	3.37	5.47	12.03	7.05	7.46	4.94	5.06	5.25	7.01
Enterprise Value to EBIT (EV/EBIT)	6.66	5.58	4.32	7.13	36.42	12.19	14.81	9.05	8.95	7.96	11.19
Enterprise Value to NOPAT (EV/NOPAT)	6.00	5.87	4.36	8.15	35.95	12.20	14.63	9.03	8.23	8.13	10.64
Enterprise Value to Operating Cash Flow (EV/OCF)	5.16	8.29	4.97	7.71	7.91	8.43	12.17	6.45	6.19	7.24	9.39
Enterprise Value to Free Cash Flow (EV/FCFF)	4.74	5.07	3.53	0.00	35.61	9.93	0.00	6.33	4.87	5.84	9.35
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.79	0.96	1.20	1.47	1.16	1.09	1.19	1.00	1.32	1.61	2.20
Long-Term Debt to Equity	0.67	0.82	1.05	1.31	1.05	0.94	1.08	0.81	1.11	1.40	1.94
Financial Leverage	0.44	0.61	0.96	1.12	0.90	0.91	0.84	0.82	1.14	1.58	2.20
Leverage Ratio	2.08	2.21	2.39	2.41	2.18	2.19	2.15	2.20	2.55	3.03	3.70
Compound Leverage Factor	1.58	1.71	1.99	2.08	0.33	1.25	1.25	1.17	1.36	1.96	2.09
Debt to Total Capital	44.19%	49.03%	54.47%	59.56%	53.77%	52.14%	54.31%	50.10%	56.84%	61.68%	68.77%
Short-Term Debt to Total Capital	6.91%	7.25%	6.75%	6.38%	5.04%	7.15%	5.02%	9.80%	9.13%	7.88%	8.03%
Long-Term Debt to Total Capital	37.29%	41.78%	47.72%	53.18%	48.72%	44.99%	49.29%	40.30%	47.71%	53.80%	60.73%
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	1.20%	1.19%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	54.61%	49.79%	45.46%	40.44%	46.23%	47.86%	45.69%	49.90%	43.16%	38.32%	31.23%
Debt to EBITDA	3.32	3.41	3.01	3.87	8.70	5.13	7.03	4.88	5.24	4.59	5.42
Net Debt to EBITDA	1.68	1.94	2.00	3.40	7.40	4.22	5.94	3.49	4.03	3.90	4.81
Long-Term Debt to EBITDA	2.80	2.91	2.64	3.45	7.89	4.43	6.38	3.92	4.40	4.01	4.79
Debt to NOPAT	4.40	5.01	3.90	5.76	26.00	8.88	13.77	8.93	8.52	7.12	8.23
Net Debt to NOPAT	2.22	2.84	2.59	5.07	22.12	7.29	11.63	6.39	6.56	6.05	7.29
Long-Term Debt to NOPAT	3.71	4.27	3.42	5.14	23.56	7.66	12.50	7.18	7.15	6.21	7.27
Altman Z-Score	1.48	1.26	1.29	0.99	0.51	0.67	0.37	0.52	0.48	0.59	0.59
Noncontrolling Interest Sharing Ratio	2.24%	1.31%	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.40	1.69	2.40	1.15	0.93	0.74	0.76	0.82	0.75	0.54	0.54
Quick Ratio	1.10	1.31	2.05	0.80	0.74	0.62	0.55	0.67	0.60	0.40	0.41
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	585	542	819	-825	61	213	-490	195	280	303	244
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8,871.03%	839.33%
Free Cash Flow to Firm to Interest Expense	4.39	3.75	6.70	-9.59	0.89	2.39	-7.66	2.80	3.85	3.81	2.83
Operating Cash Flow to Interest Expense	4.04	2.29	4.76	5.42	3.99	2.81	2.20	2.75	3.03	3.07	2.82
Operating Cash Flow Less CapEx to Interest Expense	4.04	2.29	4.76	5.42	3.99	2.81	2.20	2.75	3.03	3.04	2.48
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.40	0.30	0.24	0.21	0.15	0.16	0.14	0.16	0.18	0.18	0.18
Accounts Receivable Turnover	38.83	35.32	43.04	51.45	37.06	37.83	45.01	74.89	81.13	70.38	37.76
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	0.61	0.42	0.58	0.60	0.18	0.18	0.17	0.20	0.22	0.21	0.20
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)	9.40	10.33	8.48	7.09	9.85	9.65	8.11	4.87	4.50	5.19	9.67
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)	9.40	10.33	8.48	7.09	9.85	9.65	8.11	4.87	4.50	5.19	9.67
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,541	3,663	3,737	3,894	2,628	2,628	2,668	2,061	2,119	2,233	2,319
Invested Capital Turnover	0.58	0.41	0.29	0.24	0.18	0.18	0.16	0.20	0.22	0.22	0.21
Increase / (Decrease) in Invested Capital	-123	-74	-157	1,266	-0.57	-40	607	-58	-114	-85	-30
Enterprise Value (EV)	2,774	2,747	2,890	3,598	2,169	2,112	1,714	1,238	1,366	1,772	2,283
Market Capitalization	1,692	1,360	1,170	1,361	834	849	351	363	276	454	717
Book Value per Share	$18.92	$17.42	$15.57	$14.13	$11.32	$12.54	$12.54	$13.48	$14.25	$12.88	$10.73
Tangible Book Value per Share	$18.92	$17.41	$15.57	$14.12	$11.32	$12.53	$12.53	$13.48	$14.25	$12.88	$10.73
Total Capital	4,603	4,786	4,745	4,268	2,917	2,948	2,971	2,442	2,489	2,514	2,570
Total Debt	2,034	2,346	2,585	2,542	1,569	1,537	1,613	1,223	1,415	1,551	1,767
Total Long-Term Debt	1,716	1,999	2,265	2,269	1,421	1,326	1,464	984	1,188	1,353	1,561
Net Debt	1,027	1,330	1,716	2,237	1,334	1,263	1,363	875	1,090	1,319	1,566
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.76	29
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-172	-22	64	44	-17	-15	-24	2.90	-15	-41	-53
Debt-free Net Working Capital (DFNWC)	613	802	912	328	132	141	95	189	157	73	74
Net Working Capital (NWC)	295	455	592	56	-15	-69	-54	-50	-70	-125	-132
Net Nonoperating Expense (NNE)	146	87	108	6.23	51	74	50	64	84	74	100
Net Nonoperating Obligations (NNO)	972	1,224	1,577	2,168	1,279	1,218	1,311	842	1,045	1,270	1,516
Total Depreciation and Amortization (D&A)	196	195	190	152	121	126	114	114	118	115	122
Debt-free, Cash-free Net Working Capital to Revenue	-8.27%	-1.47%	5.71%	5.49%	-3.67%	-3.05%	-6.37%	0.70%	-3.12%	-8.41%	-11.01%
Debt-free Net Working Capital to Revenue	29.39%	53.06%	81.85%	41.39%	28.72%	29.59%	25.04%	45.85%	33.57%	14.86%	15.30%
Net Working Capital to Revenue	14.14%	30.10%	53.11%	7.07%	-3.24%	-14.49%	-14.17%	-12.14%	-14.98%	-25.54%	-27.36%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.44	$2.95	$4.26	$3.28	($0.18)	$0.59	$0.33	$0.52	$0.79	$1.68	$1.38
Adjusted Weighted Average Basic Shares Outstanding	119.30M	120.30M	122.96M	138.49M	122.16M	119.13M	112.46M	108.21M	90.42M	75.40M	74.80M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$3.28	($0.18)	$0.59	$0.33	$0.52	$0.79	$1.68	$1.38
Adjusted Weighted Average Diluted Shares Outstanding	129.88M	132.88M	136.81M	138.49M	122.16M	119.13M	112.46M	108.21M	90.42M	75.40M	74.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$3.28	($0.18)	$0.59	$0.33	$0.52	$0.79	$1.68	$1.38
Adjusted Weighted Average Basic & Diluted Shares Outstanding	129.88M	132.88M	136.81M	123.07M	120.70M	115.75M	110.40M	100.53M	77.24M	75.03M	74.80M
Normalized Net Operating Profit after Tax (NOPAT)	321	249	376	277	120	137	84	112	119	151	149
Normalized NOPAT Margin	15.40%	16.50%	33.79%	34.88%	26.01%	28.66%	22.12%	27.13%	25.49%	30.87%	30.68%
Pre Tax Income Margin	15.18%	25.21%	49.80%	54.83%	1.93%	20.71%	17.68%	17.67%	17.37%	29.32%	23.78%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.13	3.41	5.47	5.87	0.87	1.95	1.81	1.96	2.10	2.79	2.36
NOPAT to Interest Expense	3.47	3.24	5.42	5.13	0.88	1.95	1.83	1.96	2.28	2.74	2.49
EBIT Less CapEx to Interest Expense	3.13	3.41	5.47	5.87	0.87	1.95	1.81	1.96	2.10	2.76	2.03
NOPAT Less CapEx to Interest Expense	3.47	3.24	5.42	5.13	0.88	1.95	1.83	1.96	2.28	2.70	2.15
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	23.32%	14.62%	20.88%	16.38%	737.52%	59.25%	73.09%	51.81%	91.80%	71.15%	80.87%
Augmented Payout Ratio	23.32%	30.37%	31.71%	16.38%	737.52%	59.25%	73.09%	51.81%	91.80%	71.15%	80.87%

No quarterly metrics and ratios for Costamare are available.

Frequently Asked Questions About Costamare's Financials

When does Costamare's financial year end?

According to the most recent income statement we have on file, Costamare's fiscal year ends in December. Their fiscal 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. Check out Costamare's forecast to explore projected trends and price targets.

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 5/24/2025 by MarketBeat.com Staff

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Costamare (CMRE) Financials

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Costamare (CMRE) Financials

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