Costamare Inc. (CMRE) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Mar 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CMRE SEC filings page.
Costamare Inc. (CMRE) reported $877.9M in revenue for fiscal year 2025, down 1.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Costamare’s cash generation held up as revenue softened, while debt reliance declined and reported earnings improved.
In FY2025, operating cash flow was$537M against net income of$365M , so cash generation exceeded accounting profit even without revenue growth. That pattern also appeared in FY2024, when operating cash flow exceeded net income, indicating earnings were being converted into cash rather than existing mainly on paper.
Core operating efficiency softened as operating margin narrowed in FY2025, while net margin improved; the divergence points to below-operating-line help rather than stronger operations. Interest expense fell from
The capital structure became less debt-dependent: debt-to-equity fell to 0.6x in FY2025 from 1.3x in FY2021. The current ratio also improved to 1.7x, while total assets and equity fell versus FY2024, showing better short-term coverage alongside a contracting balance sheet rather than simple expansion.
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Costamare Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Costamare Inc. has an operating margin of 52.0%, meaning the company retains $52 of operating profit per $100 of revenue. This strong profitability earns a score of 95/100, reflecting efficient cost management and pricing power. This is down from 55.1% the prior year.
Costamare Inc.'s revenue declined 1.2% year-over-year, from $888.5M to $877.9M. This contraction results in a growth score of 37/100.
Costamare Inc. has a moderate D/E ratio of 0.60. This balance of debt and equity financing earns a leverage score of 43/100.
Costamare Inc.'s current ratio of 1.73 indicates adequate short-term liquidity, earning a score of 51/100. The company can meet its near-term obligations, though with limited headroom.
Not available for Costamare Inc., and counted as zero in the overall score.
Costamare Inc. earns a strong 17.5% return on equity (ROE), meaning it generates $17 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 80/100. This is up from 12.7% the prior year.
Costamare Inc. scores 1.64, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Costamare Inc. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Costamare Inc. generates $1.47 in operating cash flow ($536.9M OCF vs $364.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Costamare Inc. earns $5.06 in operating income for every $1 of interest expense ($456.2M vs $90.2M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Costamare Inc. held $519.8M in cash against $1.2B in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
CMRE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
CMRE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q2'256-K | Q4'2420-F | Q2'2410-Q | Q4'2310-K | Q2'2310-Q | Q4'2210-K | Q2'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.9B-25.0% | $3.7B-30.2% | $5.1B-2.6% | $5.4B+0.9% | $5.3B+8.0% | $5.3B+11.5% | $4.9B+11.1% | $4.8B+21.2% |
| Current Assets | $690.7M-33.6% | $618.9M-51.7% | $1.0B-6.9% | $1.3B+15.1% | $1.1B+10.2% | $1.1B+33.0% | $1.0B+138.1% | $836.1M+93.8% |
| Cash & Equivalents | $519.8M-20.9% | $442.7M-32.6% | $656.9M-7.6% | $656.9M-3.8% | $710.6M-1.0% | $682.7M+13.6% | $718.0M+160.2% | $601.2M+115.4% |
| Short-Term Investments | $19.3M+4.2% | $18.9M+4.7% | $18.5M+5.8% | $18.0M-87.8% | $17.5M-85.4% | $148.0M+1385.4% | $120.0M | $10.0M |
| Inventory | $14.1M+7.3% | $14.1M-73.9% | $13.2M-78.5% | $54.2M-0.4% | $61.3M+118.5% | $54.4M+130.0% | $28.0M+31.2% | $23.7M+70.2% |
| Accounts Receivable | N/A | N/A | $45.5M-10.2% | N/A | $50.7M+88.1% | N/A | $26.9M+28.4% | $26.7M+277.6% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.8B-32.6% | $1.8B-38.5% | $2.6B-9.3% | $2.9B-3.2% | $2.9B+6.0% | $3.0B+3.9% | $2.7B+2.2% | $2.9B+17.9% |
| Current Liabilities | $398.6M-46.5% | $369.2M-53.7% | $745.6M+12.5% | $797.2M+20.6% | $662.8M+56.6% | $661.1M+39.0% | $423.1M+14.3% | $475.5M+39.5% |
| Non-Current Liabilities | $1.3B-28.9% | $1.4B-34.3% | $1.8B-16.0% | $2.1B-10.9% | $2.2B-5.5% | $2.3B-4.6% | $2.3B+0.1% | $2.4B+14.4% |
| Long-Term Debt | $1.2B-11.6% | $1.3B-32.1% | $1.4B-29.4% | $1.9B-8.3% | $2.0B-11.7% | $2.1B-11.3% | $2.3B+4.4% | $2.4B+20.2% |
| Total Equity | $2.1B-17.0% | $1.9B-20.3% | $2.5B+5.5% | $2.4B+6.2% | $2.4B+10.5% | $2.3B+23.3% | $2.2B+25.0% | $1.9B+26.6% |
| Retained Earnings | $868.7M-32.1% | $731.1M-39.2% | $1.3B+22.3% | $1.2B+30.2% | $1.0B+40.1% | $923.2M+92.2% | $746.7M+118.7% | $480.2M+340.5% |
Not reported in any period shown, so not listed: Goodwill.
CMRE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
CMRE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Costamare Inc. CMRE | FY2025 | $877.9M | $364.6M | 41.5% | $1.8B | 51/100 |
| Navios Maritime Partners L.P. NMM | FY2025 | $1.3B | $285.3M | 21.2% | $2.7B | 37/100 |
| Danaos Corporation DAC | FY2025 | $1.0B | $494.6M | 47.4% | $3.1B | 65/100 |
| ZIM Integrated Shipping Services Ltd. ZIM | FY2025 | $6.9B | $481.5M | 7.0% | $3.6B | 25/100 |
| Capital Clean Energy Carriers Corp. CCEC | FY2025 | N/A | $170.8M | N/A | $1.2B | — |
Where Costamare Inc. Ranks
Frequently Asked Questions
What is Costamare Inc.'s annual revenue?
Costamare Inc. (CMRE) reported $877.9M in total revenue for fiscal year 2025. This represents a -1.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Costamare Inc.'s revenue growing?
Costamare Inc. (CMRE) revenue declined by 1.2% year-over-year, from $888.5M to $877.9M in fiscal year 2025.
Is Costamare Inc. profitable?
Yes, Costamare Inc. (CMRE) reported a net income of $364.6M in fiscal year 2025, with a net profit margin of 41.5%.
What is Costamare Inc.'s EBITDA?
Costamare Inc. (CMRE) had EBITDA of $585.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Costamare Inc. have?
As of fiscal year 2025, Costamare Inc. (CMRE) had $519.8M in cash and equivalents against $1.2B in long-term debt.
What is Costamare Inc.'s operating margin?
Costamare Inc. (CMRE) had an operating margin of 52.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Costamare Inc.'s net profit margin?
Costamare Inc. (CMRE) had a net profit margin of 41.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Costamare Inc.'s return on equity (ROE)?
Costamare Inc. (CMRE) has a return on equity of 17.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Costamare Inc.'s operating cash flow?
Costamare Inc. (CMRE) generated $536.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Costamare Inc.'s total assets?
Costamare Inc. (CMRE) had $3.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Costamare Inc.'s current ratio?
Costamare Inc. (CMRE) had a current ratio of 1.73 as of fiscal year 2025, which is generally considered healthy.
What is Costamare Inc.'s debt-to-equity ratio?
Costamare Inc. (CMRE) had a debt-to-equity ratio of 0.60 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Costamare Inc.'s return on assets (ROA)?
Costamare Inc. (CMRE) had a return on assets of 9.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Costamare Inc.'s P/E ratio?
Costamare Inc. (CMRE) trades at 5.0x earnings, its market capitalization divided by net income of $364.6M net income, FY2025. The market capitalization is $1.8B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Costamare Inc.'s price-to-sales ratio?
Costamare Inc. (CMRE) trades at 2.1x sales, its market capitalization divided by revenue of $877.9M revenue, FY2025. The market capitalization is $1.8B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Costamare Inc.'s Altman Z-Score?
Costamare Inc. (CMRE) has an Altman Z-Score of 1.64, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Costamare Inc.'s Piotroski F-Score?
Costamare Inc. (CMRE) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Costamare Inc.'s earnings high quality?
Costamare Inc. (CMRE) has an earnings quality ratio of 1.47x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Costamare Inc. cover its interest payments?
Costamare Inc. (CMRE) has an interest coverage ratio of 5.06x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Costamare Inc.?
Costamare Inc. (CMRE) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.