Castor Maritime Inc Financials

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.

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

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

Castor Maritime Inc (CTRM) reported diluted earnings per share of $0.38 for fiscal year 2024. This represents a -78.2% change compared to the previous fiscal year. 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 (CTRM) had EBITDA of $36.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

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.

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.

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.

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.

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.

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

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

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

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

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

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.

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.

Castor Maritime Inc (CTRM) has an Altman Z-Score of 0.90, 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.

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.

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.

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.

Castor Maritime Inc (CTRM) scores 50 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.