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Costamare (CMRE) Financials

Costamare logo
$9.57 +0.18 (+1.92%)
Closing price 05/2/2025 03:59 PM Eastern
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$9.56 -0.01 (-0.10%)
As of 05/2/2025 05:09 PM Eastern
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Annual Income Statements for Costamare

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
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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

Quarterly Income Statements for Costamare

No quarterly income statements for Costamare are available.

Annual Cash Flow Statements for Costamare

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
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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

Quarterly Cash Flow Statements for Costamare

No quarterly cash flow statements for Costamare are available.

Annual Balance Sheets for Costamare

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
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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

Quarterly Balance Sheets for Costamare

No quarterly balance sheets for Costamare are available.

Annual Metrics and Ratios for Costamare

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
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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%

Quarterly Metrics and Ratios for Costamare

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. Find out what analysts predict for Costamare in the coming months.

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 5/3/2025 by MarketBeat.com Staff
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