What is Castor Maritime Inc's earnings per share (EPS)?

Castor Maritime Inc (CTRM) reported diluted earnings per share of $0.38 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Castor Maritime Inc Financials

CTRM

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

This page shows Castor Maritime Inc (CTRM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).

Financial Health Signals

Financial Profile 46/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Castor Maritime Inc has an operating margin of 32.4%, meaning the company retains $32 of operating profit per $100 of revenue. This strong profitability earns a score of 94/100, reflecting efficient cost management and pricing power. This is up from 22.6% the prior year.

Growth

Castor Maritime Inc's revenue declined 32.1% year-over-year, from $97.5M to $66.2M. This contraction results in a growth score of 0/100.

Leverage

Castor Maritime Inc carries a low D/E ratio of 0.62, meaning only $0.62 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 89/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 3.94, Castor Maritime Inc holds $3.94 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 77/100.

Cash Flow

While Castor Maritime Inc generated $41.9M in operating cash flow, capex of $72.2M consumed most of it, leaving -$30.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Castor Maritime Inc generates a 3.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 18/100. This is down from 8.4% the prior year.

Altman Z-Score Distress

0.89

Castor Maritime Inc scores 0.89, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

5/9

Castor Maritime Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.87x

For every $1 of reported earnings, Castor Maritime Inc generates $2.87 in operating cash flow ($41.9M OCF vs $14.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

3.5x

Castor Maritime Inc earns $3.5 in operating income for every $1 of interest expense ($21.4M vs $6.1M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$66.2M

YoY-32.1%

5Y CAGR+61.8%

Castor Maritime Inc generated $66.2M in revenue in fiscal year 2024. This represents a decrease of 32.1% from the prior year.

EBITDA

$36.5M

YoY-17.3%

5Y CAGR+75.7%

Castor Maritime Inc's EBITDA was $36.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 17.3% from the prior year.

Net Income

$14.6M

YoY-62.2%

5Y CAGR+68.1%

Castor Maritime Inc reported $14.6M in net income in fiscal year 2024. This represents a decrease of 62.2% from the prior year.

EPS (Diluted)

$0.38

Castor Maritime Inc earned $0.38 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 78.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$30.3M

YoY-240.4%

Castor Maritime Inc generated -$30.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 240.4% from the prior year.

Cash & Debt

$87.9M

YoY-21.1%

5Y CAGR+80.7%

Castor Maritime Inc held $87.9M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

10M

Castor Maritime Inc had 10M shares outstanding in fiscal year 2024. This represents a decrease of 90.0% from the prior year.

Margins & Returns

Gross Margin

98.3%

YoY-1.7pp

Castor Maritime Inc's gross margin was 98.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.7 percentage points from the prior year.

Operating Margin

32.4%

YoY+9.8pp

5Y CAGR+10.9pp

Castor Maritime Inc's operating margin was 32.4% in fiscal year 2024, reflecting core business profitability. This is up 9.8 percentage points from the prior year.

Net Margin

22.1%

YoY-17.6pp

5Y CAGR+3.8pp

Castor Maritime Inc's net profit margin was 22.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 17.6 percentage points from the prior year.

Return on Equity

3.0%

YoY-5.4pp

5Y CAGR-5.3pp

Castor Maritime Inc's ROE was 3.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 5.4 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$72.2M

YoY+11479.2%

5Y CAGR+33.2%

Castor Maritime Inc invested $72.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 11479.2% from the prior year.

CTRM Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$66.2M-32.1%	$97.5M-35.1%	$150.2M+46.1%	$102.8M+723.1%	$12.5M+109.3%	$6.0M
Cost of Revenue	$1.1M	$0	$0	N/A	N/A	N/A
Gross Profit	$65.1M-33.2%	$97.5M-35.1%	$150.2M	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$13.3M+134.9%	$5.7M-19.3%	$7.0M+115.7%	$3.3M+188.8%	$1.1M+198.6%	$379K
Operating Income	$21.4M-2.6%	$22.0M-69.9%	$73.1M+32.0%	$55.4M+12147.9%	$452K-64.8%	$1.3M
Interest Expense	$6.1M-45.9%	$11.3M+46.6%	$7.7M+227.0%	$2.3M+7.3%	$2.2M+885.6%	$222K
Income Tax	$134K-24.6%	$178K-54.3%	$389K+33.5%	$291K+1245.5%	$22K	$0
Net Income	$14.6M-62.2%	$38.6M-67.4%	$118.6M+126.8%	$52.3M+3080.9%	-$1.8M-261.1%	$1.1M
EPS (Diluted)	$0.38	$1.74-86.1%	$12.53+2566.0%	$0.47+280.8%	$-0.26	$3.11

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CTRM Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$797.4M+31.8%	$605.0M-4.4%	$633.1M+36.8%	$462.9M+522.4%	$74.4M+144.5%	$30.4M
Current Assets	$253.9M+4.8%	$242.3M+45.5%	$166.5M+202.7%	$55.0M+305.5%	$13.6M+118.0%	$6.2M
Cash & Equivalents	$87.9M-21.1%	$111.4M-21.8%	$142.4M+283.0%	$37.2M+316.4%	$8.9M+95.8%	$4.6M
Inventory	$1.6M+58.8%	$978K-49.6%	$1.9M-56.3%	$4.4M+520.7%	$715K+398.0%	$144K
Accounts Receivable	$2.7M-7.8%	$2.9M+7.7%	$2.7M-67.1%	$8.2M+531.6%	$1.3M+501.5%	$216K
Goodwill	$17.9M	$0	N/A	N/A	N/A	N/A
Total Liabilities	$305.0M+112.0%	$143.9M-16.2%	$171.7M+43.1%	$120.0M+445.7%	$22.0M+27.7%	$17.2M
Current Liabilities	$64.4M+125.2%	$28.6M-44.6%	$51.6M+51.6%	$34.0M+212.1%	$10.9M+265.6%	$3.0M
Long-Term Debt	N/A	$85.8M-38.2%	$138.8M+36.0%	$102.0M+673.9%	$13.2M+22.6%	$10.8M
Total Equity	$492.4M+6.8%	$461.2M-0.1%	$461.5M+34.6%	$342.9M+554.7%	$52.4M+296.7%	$13.2M
Retained Earnings	$228.5M+17.4%	$194.7M+23.4%	$157.7M+302.6%	$39.2M+3075.7%	-$1.3M-401.5%	$437K

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Total Assets	$702.8M-11.9%	$797.4M+32.4%	$602.3M-0.5%	$605.0M+6.5%	$568.3M-10.2%	$633.1M+14.6%	$552.4M+19.3%	$462.9M
Current Assets	$172.7M-32.0%	$253.9M-16.0%	$302.1M+24.7%	$242.3M+84.5%	$131.3M-21.1%	$166.5M+18.8%	$140.1M+154.8%	$55.0M
Cash & Equivalents	$44.8M-49.1%	$87.9M-61.8%	$230.1M+106.6%	$111.4M+289.8%	$28.6M-79.9%	$142.4M+36.4%	$104.4M+180.8%	$37.2M
Inventory	$876K-43.6%	$1.6M+97.8%	$785K-19.7%	$978K-50.2%	$2.0M+1.2%	$1.9M-75.7%	$8.0M+79.8%	$4.4M
Accounts Receivable	$4.3M+61.3%	$2.7M+175.1%	$977K-66.5%	$2.9M+87.4%	$1.6M-42.5%	$2.7M-75.4%	$11.0M+34.0%	$8.2M
Goodwill	$23.8M+32.8%	$17.9M	N/A	$0	N/A	N/A	N/A	N/A
Total Liabilities	$206.9M-32.2%	$305.0M+209.7%	$98.5M-31.6%	$143.9M+15.0%	$125.1M-27.1%	$171.7M+6.1%	$161.8M+34.8%	$120.0M
Current Liabilities	$47.5M-26.2%	$64.4M+113.8%	$30.1M+5.3%	$28.6M-28.6%	$40.0M-22.4%	$51.6M+10.8%	$46.6M+36.8%	$34.0M
Long-Term Debt	N/A	N/A	$42.9M-50.0%	$85.8M-26.1%	$116.1M-16.4%	$138.8M-4.1%	$144.7M+41.8%	$102.0M
Total Equity	$495.9M+0.7%	$492.4M-2.3%	$503.8M+9.2%	$461.2M+4.0%	$443.3M-4.0%	$461.5M+18.1%	$390.7M+13.9%	$342.9M
Retained Earnings	$210.7M-7.8%	$228.5M-4.1%	$238.4M+22.4%	$194.7M+10.2%	$176.8M+12.1%	$157.7M+81.5%	$86.9M+121.8%	$39.2M

CTRM Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$41.9M+88.9%	$22.2M-82.1%	$123.8M+103.6%	$60.8M+2693.0%	-$2.3M-201.4%	$2.3M
Capital Expenditures	$72.2M+11479.2%	$623K-99.2%	$75.6M-67.8%	$235.0M+562.4%	$35.5M+105.9%	$17.2M
Free Cash Flow	-$30.3M-240.4%	$21.6M-55.3%	$48.2M+127.7%	-$174.2M-360.7%	-$37.8M-153.5%	-$14.9M
Investing Cash Flow	N/A	N/A	-$63.7M+81.7%	-$348.6M-882.9%	-$35.5M-105.9%	-$17.2M
Financing Cash Flow	N/A	N/A	$48.9M-84.8%	$321.8M+662.9%	$42.2M+133.2%	$18.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CTRM Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	98.3%-1.7pp	100.0%0.0pp	100.0%	N/A	N/A	N/A
Operating Margin	32.4%+9.8pp	22.6%-26.1pp	48.7%-5.2pp	53.9%+50.2pp	3.6%-17.9pp	21.5%
Net Margin	22.1%-17.6pp	39.6%-39.3pp	78.9%+28.1pp	50.8%+64.9pp	-14.0%-32.3pp	18.2%
Return on Equity	3.0%-5.4pp	8.4%-17.3pp	25.7%+10.5pp	15.2%+18.6pp	-3.4%-11.6pp	8.2%
Return on Assets	1.8%-4.6pp	6.4%-12.3pp	18.7%+7.4pp	11.3%+13.7pp	-2.4%-5.9pp	3.6%
Current Ratio	3.94-4.5	8.47+5.2	3.23+1.6	1.62+0.4	1.24-0.8	2.09
Debt-to-Equity	0.62+0.4	0.19-0.1	0.300.0	0.30+0.0	0.25-0.6	0.81
FCF Margin	-45.7%-67.8pp	22.1%-10.0pp	32.1%+201.6pp	-169.5%+133.3pp	-302.8%-52.9pp	-249.9%

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	3.64-0.3	3.94-6.1	10.03+1.6	8.47+5.2	3.28+0.1	3.23+0.2	3.01+1.4	1.62
Debt-to-Equity	0.42-0.2	0.62+0.5	0.09-0.1	0.19-0.1	0.26-0.0	0.30-0.1	0.37+0.1	0.30
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Castor Maritime Inc's annual revenue?

Castor Maritime Inc (CTRM) reported $66.2M in total revenue for fiscal year 2024. This represents a -32.1% 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 Castor Maritime Inc's revenue growing?

Castor Maritime Inc (CTRM) revenue declined by 32.1% year-over-year, from $97.5M to $66.2M in fiscal year 2024.

Is Castor Maritime Inc profitable?

Yes, Castor Maritime Inc (CTRM) reported a net income of $14.6M in fiscal year 2024, with a net profit margin of 22.1%.

What is Castor Maritime Inc's EBITDA?

Castor Maritime Inc (CTRM) had EBITDA of $36.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Castor Maritime Inc's gross margin?

Castor Maritime Inc (CTRM) had a gross margin of 98.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Castor Maritime Inc's operating margin?

Castor Maritime Inc (CTRM) had an operating margin of 32.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Castor Maritime Inc's net profit margin?

Castor Maritime Inc (CTRM) had a net profit margin of 22.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Castor Maritime Inc's return on equity (ROE)?

Castor Maritime Inc (CTRM) has a return on equity of 3.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Castor Maritime Inc's free cash flow?

Castor Maritime Inc (CTRM) generated -$30.3M in free cash flow during fiscal year 2024. This represents a -240.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Castor Maritime Inc's operating cash flow?

Castor Maritime Inc (CTRM) generated $41.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Castor Maritime Inc's total assets?

Castor Maritime Inc (CTRM) had $797.4M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Castor Maritime Inc's capital expenditures?

Castor Maritime Inc (CTRM) invested $72.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Castor Maritime Inc have outstanding?

Castor Maritime Inc (CTRM) had 10M shares outstanding as of fiscal year 2024.

What is Castor Maritime Inc's current ratio?

Castor Maritime Inc (CTRM) had a current ratio of 3.94 as of fiscal year 2024, which is generally considered healthy.

What is Castor Maritime Inc's debt-to-equity ratio?

Castor Maritime Inc (CTRM) had a debt-to-equity ratio of 0.62 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Castor Maritime Inc's return on assets (ROA)?

Castor Maritime Inc (CTRM) had a return on assets of 1.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Castor Maritime Inc's Altman Z-Score?

Castor Maritime Inc (CTRM) has an Altman Z-Score of 0.89, 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 Castor Maritime Inc's Piotroski F-Score?

Castor Maritime Inc (CTRM) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Castor Maritime Inc's earnings high quality?

Castor Maritime Inc (CTRM) has an earnings quality ratio of 2.87x, 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 Castor Maritime Inc cover its interest payments?

Castor Maritime Inc (CTRM) has an interest coverage ratio of 3.5x, meaning it can adequately 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 Castor Maritime Inc?

Castor Maritime Inc (CTRM) scores 46 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.