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Costamare (CMRE) Financials

Costamare logo
$17.04 +0.91 (+5.61%)
Closing price 03:59 PM Eastern
Extended Trading
$17.05 +0.02 (+0.09%)
As of 06:01 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 126 61 52 37 68 -22 404 524 355 291 344
Consolidated Net Income / (Loss)		 144 82 73 67 99 8.88 435 555 381 316 369
Net Income / (Loss) Continuing Operations		 144 81 73 67 99 8.88 435 555 519 407 397
Total Pre-Tax Income 		144 81 73 67 99 8.88 435 555 519 407 397
Total Operating Income		 218 166 137 117 173 60 441 662 595 490 456
Total Gross Profit		 490 468 412 380 478 460 794 1,114 848 888 878
Total Revenue		 490 468 412 380 478 460 794 1,114 848 888 878
Operating Revenue		 490 468 412 380 478 460 794 1,114 848 888 878
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		 272 302 275 263 305 400 352 452 253 399 422
Selling, General & Admin Expense		 123 121 113 120 126 128 197 289 179 183 182
Depreciation Expense		 102 101 96 96 113 109 137 166 127 127 130
Amortization Expense		 12 15 16 15 8.95 9.06 10 13 15 17 20
Other Operating Expenses / (Income)		 37 61 27 29 34 43 54 108 50 72 90
Other Special Charges / (Income)		 -1.69 4.44 4.86 3.07 20 79 -46 -126 -118 0.00 0.00
Total Other Income / (Expense), net		 -74 -85 -64 -50 -74 -51 -6.23 -108 -76 -82 -60
Interest Expense		 80 73 70 64 89 69 86 122 120 110 91
Interest & Investment Income		 0.84 1.55 6.02 16 15 18 16 8.25 31 32 19
Other Income / (Expense), net		 4.64 -13 -0.32 -1.43 0.17 -0.77 64 6.43 13 -4.47 12
Net Income / (Loss) Discontinued Operations		 - - - - - - - - -138 -91 -28
Preferred Stock Dividends Declared		 18 21 21 31 31 30 31 31 31 29 21
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - - 0.00 0.00 -0.26 -4.73 -3.59 4.43
Basic Earnings per Share		 $1.68 $0.79 $0.52 $0.33 $0.59 ($0.18) $3.28 $4.26 $2.95 $2.44 $2.86
Weighted Average Basic Shares Outstanding		 75.03M 77.24M 100.53M 110.40M 115.75M 120.70M 123.07M 122.96M 120.30M 119.30M 120.20M
Weighted Average Diluted Shares Outstanding		 75.03M 77.24M 100.53M 110.40M 115.75M 120.70M 123.07M 136.81M 132.88M 129.88M 130.52M
Weighted Average Basic & Diluted Shares Outstanding		 75.03M 77.24M 100.53M 110.40M 115.75M 120.70M 123.07M 136.81M 132.88M 129.88M 130.52M

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Net Change in Cash & Equivalents		 -13 48 8.32 -52 29 -3.98 162 458 14 -47 -208
Net Cash From Operating Activities		 245 221 192 141 250 274 466 582 524 538 537
Net Cash From Continuing Operating Activities		 245 221 192 141 250 274 466 582 524 587 537
Net Income / (Loss) Continuing Operations		 144 82 73 67 99 8.88 435 555 519 407 397
Consolidated Net Income / (Loss)		 144 82 73 67 99 8.88 435 555 381 316 369
Net Income / (Loss) Discontinued Operations		 - - - - - - - - -138 -91 -28
Depreciation Expense		 102 101 96 96 113 109 137 166 127 127 130
Amortization Expense		 14 17 18 18 13 12 15 24 26 24 22
Non-Cash Adjustments To Reconcile Net Income		 -18 29 11 -16 19 109 -133 -162 -141 20 -11
Changes in Operating Assets and Liabilities, net		 4.23 -7.52 -5.80 -25 6.57 36 12 -1.27 -6.89 8.52 -0.34
Net Cash From Investing Activities		 -43 -28 -43 -113 -8.86 -36 -787 42 -11 -80 -179
Net Cash From Continuing Investing Activities		 -43 -28 -43 -113 -8.86 -36 -787 42 -11 -33 -179
Acquisitions		 - - - - - - 0.00 0.00 1.52 0.00 -1.69
Purchase of Investments		 -45 -39 -9.89 -5.29 -0.06 0.00 0.00 -179 -200 -72 -38
Sale and/or Maturity of Investments		 0.00 2.92 1.46 2.47 25 33 81 60 309 73 38
Other Investing Activities, net		 4.66 7.27 -35 -128 -33 -69 -868 161 -122 -33 -177
Net Cash From Financing Activities		 -215 -144 -140 -81 -212 -242 483 -166 -425 -505 -508
Net Cash From Continuing Financing Activities		 -215 -144 -140 -81 -212 -242 483 -166 -425 -614 -508
Repayment of Debt		 -210 -361 -256 -504 -601 -459 -672 -1,004 -777 -561 -842
Repurchase of Preferred Equity		 - - - 0.00 0.00 -1.68 - 0.00 0.00 -114 0.00
Repurchase of Common Equity		 - - - - - 0.00 0.00 -60 -60 0.00 0.00
Payment of Dividends		 -102 -75 -38 -49 -59 -65 -71 -116 -72 -74 -179
Issuance of Debt		 0.00 223 62 361 448 286 1,225 1,014 471 135 507
Issuance of Common Equity		 - - - - - 0.00 0.00 - 12 0.38 6.11
Other Net Changes in Cash		 - - - - - - - - -73 13 -58
Cash Interest Paid		 45 51 56 61 83 64 72 101 126 122 92

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Total Assets		 2,633 2,558 2,490 3,051 3,012 3,011 4,407 4,896 5,287 5,149 3,863
Total Current Assets		 145 210 227 171 197 192 426 1,015 1,118 1,040 691
Cash & Equivalents		 100 165 179 114 149 144 276 718 746 657 520
Restricted Cash		 14 6.88 7.24 5.60 6.91 5.00 8.86 9.77 11 17 8.12
Short-Term Investments		 - - 0.00 0.19 0.19 0.19 0.00 120 68 19 74
Accounts Receivable		 7.12 4.42 6.60 10 15 9.87 21 31 55 5.86 12
Inventories, net		 11 11 9.66 11 11 10 21 28 61 13 14
Prepaid Expenses		 8.53 13 14 15 8.43 8.85 8.60 11 62 17 45
Other Current Assets		 4.72 3.29 9.70 9.99 2.36 1.34 90 42 75 30 18
Other Current Nonoperating Assets		 0.00 6.26 - 4.84 4.91 12 - 55 40 238 0.00
Plant, Property, & Equipment, net		 2,248 2,073 1,995 2,609 2,620 2,451 191 3,667 3,447 0.00 2,739
Plant, Property & Equipment, gross		 2,248 2,073 1,995 2,609 2,620 2,451 191 3,667 3,447 - 2,739
Total Noncurrent Assets		 240 275 268 271 194 368 3,790 215 723 4,136 433
Long-Term Investments		 118 153 162 131 118 85 20 21 192 253 310
Noncurrent Note & Lease Receivables		 37 53 45 52 8.60 3.90 5.08 5.26 64 47 13
Intangible Assets		 - - 0.00 1.22 1.03 0.84 0.67 0.47 0.27 0.07 0.00
Other Noncurrent Operating Assets		 36 30 29 40 26 235 3,695 104 397 3,462 68
Other Noncurrent Nonoperating Assets		 49 39 33 47 40 43 69 84 69 375 42
Total Liabilities & Shareholders' Equity		 2,633 2,558 2,490 3,051 3,012 3,011 4,407 4,896 5,287 5,149 3,863
Total Liabilities		 1,669 1,484 1,272 1,694 1,601 1,662 2,681 2,736 2,848 2,577 1,704
Total Current Liabilities		 270 280 277 225 267 207 370 423 663 746 399
Short-Term Debt		 198 227 239 149 211 147 272 320 347 287 268
Accounts Payable		 4.42 4.04 6.52 8.78 6.69 8.01 21 20 47 9.46 18
Accrued Expenses		 15 11 11 18 19 18 27 52 40 21 23
Current Deferred Revenue		 18 20 15 12 10 12 24 25 52 25 43
Other Current Liabilities		 34 18 4.93 37 19 22 26 5.71 174 68 47
Other Current Nonoperating Liabilities		 - - - - - - - - - 335 0.00
Total Noncurrent Liabilities		 1,399 1,204 995 1,469 1,335 1,455 2,311 2,313 2,185 1,832 1,305
Long-Term Debt		 1,135 856 645 1,159 1,206 1,305 2,170 2,265 1,999 1,410 1,247
Noncurrent Deferred Revenue		 27 16 11 4.74 7.93 30 34 35 27 15 43
Other Noncurrent Operating Liabilities		 20 - - 0.00 0.43 3.65 7.84 14 158 8.41 15
Other Noncurrent Nonoperating Liabilities		 - - - - - - - - - 398 0.00
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 0.00
Total Equity & Noncontrolling Interests		 964 1,074 1,219 1,357 1,411 1,349 1,726 2,157 2,439 2,571 2,159
Total Preferred & Common Equity		 964 1,074 1,219 1,357 1,411 1,349 1,726 2,157 2,383 2,514 2,086
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		 964 1,074 1,219 1,357 1,411 1,349 1,726 2,157 2,383 2,514 2,086
Common Stock		 964 1,057 1,176 1,314 1,351 1,366 1,387 1,424 1,435 1,337 1,333
Retained Earnings		 44 31 44 39 61 -9.72 341 747 1,046 1,280 869
Treasury Stock		 - - - - - - 0.00 -60 -120 -120 -120
Accumulated Other Comprehensive Income / (Loss)		 -45 -14 -0.97 4.54 -1.21 -7.96 -2.23 46 21 17 4.32
Noncontrolling Interest		 - - - - - - - 0.00 56 58 73

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 130,515,455.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 130,515,455.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 2.63
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 218 166 137 117 173 60 441 662 468 462 456
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 13.97% 9.78% 10.04% 12.42%
Earnings before Interest and Taxes (EBIT)		 223 153 137 116 173 60 505 669 492 416 469
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 338 270 251 230 300 180 657 859 687 612 620
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 303 280 195 -490 213 61 -825 819 542 585 1,178
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,233 2,119 2,061 2,668 2,628 2,628 3,894 3,737 3,663 3,541 2,720
Increase / (Decrease) in Invested Capital		 -85 -114 -58 607 -40 -0.57 1,266 -157 -74 -123 -722
Book Value per Share		 $12.88 $14.25 $13.48 $12.54 $12.54 $11.32 $14.13 $15.57 $17.42 $18.92 $16.06
Tangible Book Value per Share		 $12.88 $14.25 $13.48 $12.53 $12.53 $11.32 $14.12 $15.57 $17.41 $18.92 $16.06
Total Capital		 2,514 2,489 2,442 2,971 2,948 2,917 4,268 4,745 4,786 4,603 3,674
Total Debt		 1,551 1,415 1,223 1,613 1,537 1,569 2,542 2,585 2,346 2,034 1,515
Total Long-Term Debt		 1,353 1,188 984 1,464 1,326 1,421 2,269 2,265 1,999 1,716 1,247
Net Debt		 1,319 1,090 875 1,363 1,263 1,334 2,237 1,716 1,330 1,027 603
Capital Expenditures (CapEx)		 2.76 0.00 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)		 -41 -15 2.90 -24 -15 -17 44 64 -22 -172 -42
Debt-free Net Working Capital (DFNWC)		 73 157 189 95 141 132 328 912 802 613 560
Net Working Capital (NWC)		 -125 -70 -50 -54 -69 -15 56 592 455 295 292
Net Nonoperating Expense (NNE)		 74 84 64 50 74 51 6.23 108 87 146 87
Net Nonoperating Obligations (NNO)		 1,270 1,045 842 1,311 1,218 1,279 2,168 1,577 1,224 972 561
Total Depreciation and Amortization (D&A)		 115 118 114 114 126 121 152 190 195 196 152
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.68 $0.79 $0.52 $0.33 $0.59 ($0.18) $3.28 $4.26 $2.95 $2.44 $2.86
Adjusted Weighted Average Basic Shares Outstanding		 75.40M 90.42M 108.21M 112.46M 119.13M 122.16M 138.49M 122.96M 120.30M 119.30M 120.20M
Adjusted Diluted Earnings per Share		 $1.68 $0.79 $0.52 $0.33 $0.59 ($0.18) $3.28 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 75.40M 90.42M 108.21M 112.46M 119.13M 122.16M 138.49M 136.81M 132.88M 129.88M 130.52M
Adjusted Basic & Diluted Earnings per Share		 $1.68 $0.79 $0.52 $0.33 $0.59 ($0.18) $3.28 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 75.03M 77.24M 100.53M 110.40M 115.75M 120.70M 123.07M 136.81M 132.88M 129.88M 130.52M
Normalized Net Operating Profit after Tax (NOPAT)		 151 119 112 84 137 120 277 376 249 321 319
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Costamare

No quarterly metrics and ratios for Costamare are available.


Financials Breakdown Chart

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 2025 ended on December 31, 2025.

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 $369 million in 2025, rising from $143.76 million in 2015. The previous period was $316.33 million in 2024. View Costamare's forecast to see where analysts expect Costamare to go next.

What is Costamare's operating income?
Costamare's total operating income in 2025 was $456.19 million, based on the following breakdown:
  • Total Gross Profit: $877.90 million
  • Total Operating Expenses: $421.71 million
How has Costamare's revenue changed over the last 10 years?

Over the last 10 years, Costamare's total revenue changed from $490.38 million in 2015 to $877.90 million in 2025, a change of 79.0%.

How much debt does Costamare have?

Costamare's total liabilities were at $1.70 billion at the end of 2025, a 33.9% decrease from 2024, and a 2.1% increase since 2015.

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 $519.85 million as of their latest financial filing in 2025.

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 12.88 in 2015 to 16.06 in 2025, a change of 24.7%.


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Financial statements for NYSE:CMRE last updated on 3/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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