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

$2.05B

P/E (TTM)

5.6

13.8

Dividend Yield

2.7%

52W High

$17.91

52W Low

$6.63

52W Range

92%

Rank55Top 80.0%

2.6

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 2.6 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$211.97M+0.00%

4-Quarter Trend

EPS

$0.60+0.00%

4-Quarter Trend

FCF

$93.83M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Income Growth Net income 369.0M USD, up 16.7% from 316.3M USD in 2024, driven by strong operational performance and effective fleet management.

Leasing Business Expansion Leasing income 31.2M USD, up 30.5% from 23.9M USD in 2024, reflecting significant growth in NML's maritime leasing portfolio assets.

High Fleet Utilization Fleet utilization 99.6% in 2025, maintaining high operational efficiency despite volatile market conditions and ongoing geopolitical challenges in global shipping routes.

Risk Factors

High Debt Levels Outstanding debt 1.5B USD as of Dec 31, 2025, increasing financial leverage and interest expense risks in current volatile market environment.

Geopolitical Trade Disruptions Geopolitical conflicts in Red Sea and Russia-Ukraine disrupt trade routes, potentially increasing operating costs and impacting charterer financial health and stability.

Regulatory Compliance Costs Stricter environmental regulations like IMO and EU ETS require significant capital expenditures for vessel modifications and ongoing emissions compliance for fleet.

Customer Concentration Risk Top five liner companies represented 74% of 2025 revenue, creating significant exposure to potential customer defaults or industry consolidation among clients.

Outlook

Newbuild Vessel Deliveries 10 newbuild containerships expected between Q2 2027 and Q4 2028, enhancing fleet capacity and long-term revenue generation potential for the company.

Leasing Platform Growth NML investment commitment increased to 247.8M USD, supporting expansion into 52 shipping assets including dry bulk, tanker, and offshore vessel types.

Strategic Fleet Renewal Continued focus on acquiring modern, efficient vessels to maintain competitive advantage and meet evolving environmental and regulatory standards in shipping industry.

Peer Comparison

Revenue (TTM)

HTZ

$8.50B

-6.0%

ZIM

$7.59B

+1.6%

GBX

$3.06B

-15.0%

Gross Margin (Latest Quarter)

DAC

81.8%

+1.3pp

CMRE

53.8%

+49.2pp

GSL

51.0%

-1.4pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
ZIM	$3.51B	3.5	25.2%	52.1%
CMBT	$3.04B	10.7	27.2%	66.2%
DAC	$2.06B	4.2	13.6%	22.6%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

-22.0%

Growth Under Pressure

4Q Net Income CAGR

-8.0%

Declining Profitability

Cash Flow Stability

75%

Volatile Cash Flow

Deep Research

Next earnings:May 7, 2026

EPS:$0.69

Revenue:$202.00M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data