logo
Twitter
Discord
Email
logo
Costamare Inc.

Costamare Inc.

NYSE•CMRE
CEO: Mr. Konstantinos V. Konstantakopoulos
Sector: Industrials
Industry: Marine Shipping
Listing Date: 2010-11-04
Costamare Inc. owns and operates containerships and dry bulk vessels that are chartered to liner companies providing transportation of cargoes worldwide. As of March 19, 2024, it had a fleet of fleet of 68 containerships and 37 dry bulk vessels. The company was founded in 1974 and is based in Monaco.
Contact Information
7 Rue du Gabian, Monaco, 98000, Monaco
377-93-25-09-40
www.costamare.com
Market Cap
$1.87B
P/E (TTM)
6.2
11.6
Dividend Yield
2.9%
52W High
$16.40
52W Low
$6.63
52W Range
92%
Rank60Top 78.6%
2.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$225.17M-58.18%
4-Quarter Trend

EPS

$0.77+22.22%
4-Quarter Trend

FCF

$0.00+0.00%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Strong Voyage Revenue Growth Total voyage revenue 2.06B USD, up 37.1% from 2023, driven by increased dry bulk operations and higher container charter rates.
Operating Cash Flow Surge Net cash from operations 537.7M USD, a strong increase of 62.3% from 331.4M USD, significantly boosting liquidity and funding capacity.
Containership Rate Index Up Containership Timecharter Rate Index increased 163% in 2024, reflecting strong demand and vessel rerouting around Southern Africa.
Reduced Net Debt Obligations Total long-term debt (net) decreased 14.2% to 1.72B USD, primarily due to a lower average loan balance and proactive debt management during the year.

Risk Factors

Dry Bulk Rate Volatility Dry bulk time charter rates decreased 52% in 2024, exposing the dry bulk operating platform to significant volatility and lower earnings potential.
Surging Charter-in Expenses Charter-in hire expenses increased 107.3% to 706.6M USD, driven by higher volume of chartered-in vessels and elevated market rates.
Derivative Instrument Loss Net loss on derivative instruments 48.9M USD, reversing 2023's 17.3M USD gain, negatively affecting financial performance and cash flows.
Geopolitical Conflict Exposure Red Sea conflicts and Houthi attacks disrupt shipping routes, increasing operational risks and potentially pressuring charter rates due to rerouting.

Outlook

Long-Term Revenue Visibility Containership fleet secured 2.4B USD contracted revenue, maintaining an average remaining time charter duration of 3.4 years.
Leasing Platform Diversification NML platform committed to funding 37 shipping assets, including dry bulk, tanker, and offshore vessels, expanding business lines.
Capital Expenditure Commitments 219.5M USD outstanding equity committed for NML vessel acquisitions via sale and leaseback, supporting fleet growth strategy.
Scheduled Fleet Maintenance Dry-docking planned for 26 vessels in 2025 and 27 vessels in 2026 to ensure fleet operating capacity and regulatory compliance.

Peer Comparison

Revenue (TTM)

ZIM Integrated Shipping Services Ltd.ZIM
$7.59B
+1.6%
The Greenbrier Companies, Inc.GBX
$3.23B
-8.6%
PROG Holdings, Inc.PRG
$2.51B
+3.7%

Gross Margin (Latest Quarter)

Danaos CorporationDAC
60.0%
+1.3pp
Costamare Inc.CMRE
55.3%
+27.3pp
Global Ship Lease, Inc.GSL
54.4%
-1.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ZIM$2.26B1.150.7%53.3%
CMRE$1.87B6.212.8%42.5%
DAC$1.71B3.713.1%16.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-25.7%
Growth Under Pressure
4Q Net Income CAGR
40.9%
Profitability Improved
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 4, 2026
|
EPS:$0.74
|
Revenue:$204.00M
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 20, 2025|
    Revenue: $2.08B+37.9%
    |
    EPS: $2.44-17.3%
    Beat

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 29, 2024|
    Revenue: $1.51B+35.7%
    |
    EPS: $2.95-30.8%
    Beat

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Apr 3, 2023|
    Revenue: $1.11B+40.3%
    |
    EPS: $4.26+29.9%
    Beat

  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: Mar 28, 2022|
    Revenue: $793.64M+72.4%
    |
    EPS: $3.28+655.9%
    Beat

  • Form 20-F - FY 2020

    Period End: Dec 31, 2020|Filed: Mar 1, 2021|
    Revenue: $460.32M-3.7%
    |
    EPS: $-0.59-200.0%
    Miss