Castor Maritime Inc Financials
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).
Castor Maritime’s profit line is now being shaped more by items outside core operations than by operations themselves.
FY2025 kept net income positive at$19.3M even as operating income fell to-$18.4M . With EBITDA at-$3.7M and operating cash flow only$10.0M , reported profit was being supported by items outside the core operation rather than by the operation itself. FY2024 had the opposite shape, with operating income of$21.4M and operating cash flow of$41.9M , so profit and cash were aligned.
Liquidity is much stronger than the income statement alone suggests: cash of
Higher sales did not produce operating leverage in FY2025. Revenue reached
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 43/100. 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 12/100.
Castor Maritime Inc has a moderate D/E ratio of 0.52. This balance of debt and equity financing earns a leverage score of 59/100.
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 93/100.
Castor Maritime Inc's ROE of 3.7% shows moderate profitability relative to equity, earning a score of 37/100. This is up from 3.0% the prior year.
Castor Maritime Inc scores 0.78, 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
Castor Maritime Inc generated $81.8M in revenue in fiscal year 2025. This represents an increase of 23.5% from the prior year.
Castor Maritime Inc's EBITDA was -$3.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 110.1% from the prior year.
Castor Maritime Inc reported $19.3M in net income in fiscal year 2025. This represents an increase of 31.8% from the prior year.
Castor Maritime Inc earned $0.36 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 5.3% from the prior year.
Cash & Balance Sheet
Castor Maritime Inc held $151.8M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Castor Maritime Inc's gross margin was 73.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 25.3 percentage points from the prior year.
Castor Maritime Inc's operating margin was -22.5% in fiscal year 2025, reflecting core business profitability. This is down 54.9 percentage points from the prior year.
Castor Maritime Inc's net profit margin was 23.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.5 percentage points from the prior year.
Castor Maritime Inc's ROE was 3.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.7 percentage points from the prior year.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
CTRM Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $81.8M+23.5% | $66.2M-32.1% | $97.5M-35.1% | $150.2M+46.1% | $102.8M+723.1% | $12.5M+109.3% | $6.0M+50.7% | $4.0M |
| Cost of Revenue | $22.1M+1879.1% | $1.1M | $0 | $0 | N/A | N/A | N/A | N/A |
| Gross Profit | $59.7M-8.3% | $65.1M-33.2% | $97.5M-35.1% | $150.2M | N/A | N/A | N/A | N/A |
| SG&A Expenses | $19.4M+45.6% | $13.3M+134.9% | $5.7M-19.3% | $7.0M+115.7% | $3.3M+188.8% | $1.1M+198.6% | $379K+246.8% | $109K |
| Operating Income | -$18.4M-186.0% | $21.4M-2.6% | $22.0M-69.9% | $73.1M+32.0% | $55.4M+12147.9% | $452K-64.8% | $1.3M+30.0% | $987K |
| Interest Expense | $5.0M-18.3% | $6.1M-45.9% | $11.3M+46.6% | $7.7M+227.0% | $2.3M+7.3% | $2.2M+885.6% | $222K+6447.7% | $3K |
| Income Tax | $323K+141.1% | $134K-24.6% | $178K-54.3% | $389K+33.5% | $291K+1245.5% | $22K | $0 | $0 |
| Net Income | $19.3M+31.8% | $14.6M-62.2% | $38.6M-67.4% | $118.6M+126.8% | $52.3M+3080.9% | -$1.8M-261.1% | $1.1M+10.9% | $981K |
| EPS (Diluted) | $0.36-5.3% | $0.38 | $1.74 | $12.53 | $0.47 | -$0.26 | $3.11+1210.7% | -$0.28 |
Not reported in any period shown, so not listed: R&D Expenses.
CTRM Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $797.4M0.0% | $797.4M+31.8% | $605.0M-4.4% | $633.1M+36.8% | $462.9M+522.4% | $74.4M+144.5% | $30.4M+216.1% | $9.6M |
| Current Assets | $221.4M-12.8% | $253.9M+4.8% | $242.3M+45.5% | $166.5M+202.7% | $55.0M+305.5% | $13.6M+118.0% | $6.2M+194.8% | $2.1M |
| Cash & Equivalents | $151.8M+72.7% | $87.9M-21.1% | $111.4M-21.8% | $142.4M+283.0% | $37.2M+316.4% | $8.9M+95.8% | $4.6M+162.1% | $1.7M |
| Inventory | $792K-49.0% | $1.6M+58.8% | $978K-49.6% | $1.9M-56.3% | $4.4M+520.7% | $715K+398.0% | $144K+136.5% | $61K |
| Accounts Receivable | $7.9M+194.2% | $2.7M-7.8% | $2.9M+7.7% | $2.7M-67.1% | $8.2M+531.6% | $1.3M+501.5% | $216K+8725.3% | $2K |
| Goodwill | $24.1M+34.5% | $17.9M | $0 | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $271.9M-10.8% | $305.0M+112.0% | $143.9M-16.2% | $171.7M+43.1% | $120.0M+445.7% | $22.0M+27.7% | $17.2M+11438.2% | $149K |
| Current Liabilities | $34.4M-46.6% | $64.4M+125.2% | $28.6M-44.6% | $51.6M+51.6% | $34.0M+212.1% | $10.9M+265.6% | $3.0M+1898.9% | $149K |
| Long-Term Debt | N/A | N/A | $85.8M-38.2% | $138.8M+36.0% | $102.0M+673.9% | $13.2M+22.6% | $10.8M | N/A |
| Total Equity | $525.4M+6.7% | $492.4M+6.8% | $461.2M-0.1% | $461.5M+34.6% | $342.9M+554.7% | $52.4M+296.7% | $13.2M+39.4% | $9.5M |
| Retained Earnings | $239.5M+4.8% | $228.5M+17.4% | $194.7M+23.4% | $157.7M+302.6% | $39.2M+3075.7% | -$1.3M-401.5% | $437K-76.5% | $1.9M |
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.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $10.0M-76.0% | $41.9M+88.9% | $22.2M-82.1% | $123.8M+103.6% | $60.8M+2693.0% | -$2.3M-201.4% | $2.3M+156.1% | $903K |
| Capital Expenditures | N/A | $72.2M+11479.2% | $623K-99.2% | $75.6M-67.8% | $235.0M+562.4% | $35.5M+105.9% | $17.2M | $0 |
| Free Cash Flow | N/A | -$30.3M-240.4% | $21.6M-55.3% | $48.2M+127.7% | -$174.2M-360.7% | -$37.8M-153.5% | -$14.9M-1752.3% | $903K |
| Investing Cash Flow | N/A | N/A | N/A | -$63.7M+81.7% | -$348.6M-882.9% | -$35.5M-105.9% | -$17.2M | $0 |
| Financing Cash Flow | N/A | N/A | N/A | $48.9M-84.8% | $321.8M+662.9% | $42.2M+133.2% | $18.1M | $0 |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
CTRM Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.0%-25.3pp | 98.3%-1.7pp | 100.0%0.0pp | 100.0% | N/A | N/A | N/A | N/A |
| Operating Margin | -22.5%-54.9pp | 32.4%+9.8pp | 22.6%-26.1pp | 48.7%-5.2pp | 53.9%+50.2pp | 3.6%-17.9pp | 21.5%-3.4pp | 24.9% |
| Net Margin | 23.5%+1.5pp | 22.1%-17.6pp | 39.6%-39.3pp | 78.9%+28.1pp | 50.8%+64.9pp | -14.0%-32.3pp | 18.2%-6.5pp | 24.8% |
| Return on Equity | 3.7%+0.7pp | 3.0%-5.4pp | 8.4%-17.3pp | 25.7%+10.5pp | 15.2%+18.6pp | -3.4%-11.6pp | 8.2%-2.1pp | 10.3% |
| Return on Assets | 2.4%+0.6pp | 1.8%-4.6pp | 6.4%-12.3pp | 18.7%+7.4pp | 11.3%+13.7pp | -2.4%-5.9pp | 3.6%-6.6pp | 10.2% |
| Current Ratio | 6.44+2.5x | 3.94-4.5x | 8.47+5.2x | 3.23+1.6x | 1.62+0.4x | 1.24-0.8x | 2.09-12.1x | 14.14 |
| Debt-to-Equity | 0.52-0.1x | 0.62+0.4x | 0.19-0.1x | 0.300.0x | 0.300.0x | 0.25-0.6x | 0.81+0.8x | 0.02 |
| FCF Margin | N/A | -45.7%-67.8pp | 22.1%-10.0pp | 32.1% | -169.5% | -302.8% | -249.9% | 22.8% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.
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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 Altman Z-Score?
Castor Maritime Inc (CTRM) has an Altman Z-Score of 0.78, 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 43 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.