Castor Maritime Inc. (CTRM) 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 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 6-K for Q2 FY2026, filed Sep 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CTRM SEC filings page.
Castor Maritime Inc. (CTRM) reported $81.8M in revenue for fiscal year 2025, up 23.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).
Reported profit is increasingly detached from operations, while heavier assets and uneven investment spending make cash generation less dependable.
In FY2025, the company posted a net profit of$19.3M despite an operating loss of$18.4M , so reported earnings were driven below operating profit rather than by the core business. That mismatch widened as operating cash flow fell from$41.9M in FY2024 to$10.0M , leaving cash conversion weaker even though net income remained positive.
Gross margin compressed from
The balance sheet is liquid on a short-term test: current ratio was 6.4x in FY2025. Yet debt-to-equity rose from 0.2x in FY2023 to 0.5x, indicating a more leveraged asset base than two years earlier. Capital intensity also remains lumpy: FY2024 capex of
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 Castor Maritime 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.
Castor Maritime Inc. has an operating margin of -22.5%, meaning the company loses $23 on every $100 of revenue. This results in a profitability score of 41/100. This is down from 32.4% the prior year.
Castor Maritime Inc.'s revenue surged 23.5% year-over-year to $81.8M, reflecting rapid business expansion. This strong growth earns a score of 11/100.
Castor Maritime Inc. has a moderate D/E ratio of 0.52. This balance of debt and equity financing earns a leverage score of 60/100.
With a current ratio of 6.44, Castor Maritime Inc. holds $6.44 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 95/100.
Castor Maritime Inc.'s ROE of 3.7% shows moderate profitability relative to equity, earning a score of 34/100. This is up from 3.0% the prior year.
Castor Maritime Inc. scores 0.77, 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.
Castor Maritime Inc. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Castor Maritime Inc. generates $0.52 in operating cash flow ($10.0M OCF vs $19.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Castor Maritime Inc. reported an operating loss of $18.4M against $5.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q2 2026.
Cash & Balance Sheet
Castor Maritime Inc. held $108.4M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
None of these metrics is reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
CTRM 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).
CTRM 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 | Q2'266-K | Q4'256-K | Q2'256-K | Q4'2420-F | Q2'2410-Q | Q4'2310-K | Q2'2310-Q | Q4'2210-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $891.3M+26.8% | $797.4M0.0% | $702.8M+16.7% | $797.4M+31.8% | $602.3M+6.0% | $605.0M-4.4% | $568.3M+2.9% | $633.1M+36.8% |
| Current Assets | $155.0M-10.3% | $221.4M-12.8% | $172.7M-42.8% | $253.9M+4.8% | $302.1M+130.0% | $242.3M+45.5% | $131.3M-6.3% | $166.5M+202.7% |
| Cash & Equivalents | $108.4M+142.3% | $151.8M+72.7% | $44.8M-80.6% | $87.9M-21.1% | $230.1M+705.4% | $111.4M-21.8% | $28.6M-72.6% | $142.4M+283.0% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $1.2M+33.4% | $792K-49.0% | $876K+11.6% | $1.6M+58.8% | $785K-60.0% | $978K-49.6% | $2.0M-75.4% | $1.9M-56.3% |
| Accounts Receivable | $10.5M+141.9% | $7.9M+194.2% | $4.3M+343.7% | $2.7M-7.8% | $977K-37.2% | $2.9M+7.7% | $1.6M-85.9% | $2.7M-67.1% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $23.4M-1.8% | $24.1M+34.5% | $23.8M | $17.9M | N/A | $0 | N/A | N/A |
| Total Liabilities | $311.4M+50.5% | $271.9M-10.8% | $206.9M+110.1% | $305.0M+112.0% | $98.5M-21.3% | $143.9M-16.2% | $125.1M-22.7% | $171.7M+43.1% |
| Current Liabilities | $33.1M-30.2% | $34.4M-46.6% | $47.5M+57.7% | $64.4M+125.2% | $30.1M-24.8% | $28.6M-44.6% | $40.0M-14.0% | $51.6M+51.6% |
| Non-Current Liabilities | $82.7M+262.2% | $94.0M-12.6% | $22.8M+23.1% | $107.5M+63.6% | $18.6M-78.2% | $65.7M-45.3% | $85.0M-26.2% | $120.1M+39.7% |
| Long-Term Debt | N/A | N/A | N/A | N/A | $42.9M-63.1% | $85.8M-38.2% | $116.1M-19.8% | $138.8M+36.0% |
| Total Equity | $579.9M+16.9% | $525.4M+6.7% | $495.9M-1.6% | $492.4M+6.8% | $503.8M+13.7% | $461.2M-0.1% | $443.3M+13.5% | $461.5M+34.6% |
| Retained Earnings | $300.8M+42.7% | $239.5M+4.8% | $210.7M-11.6% | $228.5M+17.4% | $238.4M+34.9% | $194.7M+23.4% | $176.8M+103.4% | $157.7M+302.6% |
CTRM 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.
CTRM 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 |
|---|---|---|---|---|---|---|
| Castor Maritime Inc. CTRM | FY2025 | $81.8M | $19.3M | 23.5% | $18.8M | 42/100 |
| Globus Maritime Limited GLBS | FY2025 | $44.2M | -$1.7M | -4.0% | $72.9M | 42/100 |
| United Maritime Corporation USEA | FY2025 | $37.8M | -$6.2M | -16.4% | $25.4M | 26/100 |
| Performance Shipping Inc. PSHG | FY2025 | $84.2M | $50.0M | 59.4% | $21.1M | 46/100 |
| EuroDry Ltd. EDRY | FY2025 | N/A | -$3.8M | N/A | $185.9M | — |
Where Castor Maritime Inc. Ranks
Frequently Asked Questions
What is Castor Maritime Inc.'s annual revenue?
Castor Maritime Inc. (CTRM) reported $81.8M in total revenue for fiscal year 2025. This represents a 23.5% 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 grew by 23.5% year-over-year, from $66.2M to $81.8M in fiscal year 2025.
Is Castor Maritime Inc. profitable?
Yes, Castor Maritime Inc. (CTRM) reported a net income of $19.3M in fiscal year 2025, with a net profit margin of 23.5%.
What is Castor Maritime Inc.'s EBITDA?
Castor Maritime Inc. (CTRM) had EBITDA of -$3.7M in fiscal year 2025, 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 73.0% in fiscal year 2025, 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 -22.5% in fiscal year 2025, 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 23.5% in fiscal year 2025, 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 3.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Castor Maritime Inc.'s operating cash flow?
Castor Maritime Inc. (CTRM) generated $10.0M in operating cash flow during fiscal year 2025, 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 2025, including both current and long-term assets.
What is Castor Maritime Inc.'s current ratio?
Castor Maritime Inc. (CTRM) had a current ratio of 6.44 as of fiscal year 2025, 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 0.52 as of fiscal year 2025, 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 2.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Castor Maritime Inc.'s P/E ratio?
Castor Maritime Inc. (CTRM) trades at 1.0x earnings, its market capitalization divided by net income of $19.3M net income, FY2025. The market capitalization is $18.8M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Castor Maritime Inc.'s price-to-sales ratio?
Castor Maritime Inc. (CTRM) trades at 0.2x sales, its market capitalization divided by revenue of $81.8M revenue, FY2025. The market capitalization is $18.8M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Castor Maritime Inc.'s Altman Z-Score?
Castor Maritime Inc. (CTRM) has an Altman Z-Score of 0.77, 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 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 Castor Maritime Inc.'s earnings high quality?
Castor Maritime Inc. (CTRM) has an earnings quality ratio of 0.52x, considered mixed 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) reported an operating loss of $18.4M against $5.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 42 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.