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

Castor Maritime Inc (CTRM) reported diluted earnings per share of $0.36 for fiscal year 2025. This represents a -5.3% 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 Financials

CTRM

Source SEC Filings (10-K/10-Q) Updated Dec 31, 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 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).

Rhea AI CTRM FY2025 2026-04-22

Cash-rich, asset-heavy operations are producing weaker operating returns, while reported earnings increasingly diverge from the core business.

Across the last three valid years, operating cash flow roughly halved to $10.0M even as the asset base stayed near $800M. With return on assets down to 2.4% from 6.4%, the business looks increasingly supported by a large balance sheet that is generating less cash per dollar employed, not by better operating throughput.

FY2025 revenue moved up to $81.8M, but gross profit slipped to $59.7M as direct costs consumed more of each sales dollar. With SG&A also higher, extra revenue failed to cover the cost base, which is why operating results deteriorated even before non-operating items reached the income statement.

FY2025 still showed net income of $19.3M even though operating income was -$18.4M, so the bottom line is not currently a clean guide to core operating performance. That disconnect is cushioned by cash of $151.8M versus current liabilities of $34.4M, giving the company more near-term flexibility than its operations alone would imply.

Financial Health Signals

Financial Profile 43/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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.

Profitability

Castor Maritime Inc has an operating margin of -22.5%, meaning the company retains $-23 of operating profit per $100 of revenue. This below-average margin results in a low score of 29/100, suggesting thin profitability after operating expenses. This is down from 32.4% the prior year.

Growth

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 19/100.

Leverage

Castor Maritime Inc carries a low D/E ratio of 0.52, meaning only $0.52 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

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 100/100.

Returns

Castor Maritime Inc generates a 3.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 21/100. This is up from 3.0% the prior year.

Piotroski F-Score Neutral

6/9

Castor Maritime Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

0.52x

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.

Interest Coverage At Risk

-3.7x

Castor Maritime Inc earns $-3.7 in operating income for every $1 of interest expense (-$18.4M vs $5.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$81.8M

YoY+23.5%

5Y CAGR+45.6%

Castor Maritime Inc generated $81.8M in revenue in fiscal year 2025. This represents an increase of 23.5% from the prior year.

EBITDA

-$3.7M

YoY-110.1%

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.

Net Income

$19.3M

YoY+31.8%

Castor Maritime Inc reported $19.3M in net income in fiscal year 2025. This represents an increase of 31.8% from the prior year.

EPS (Diluted)

$0.36

YoY-5.3%

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

Free Cash Flow

N/A

Cash & Debt

$151.8M

YoY+72.7%

5Y CAGR+76.2%

Castor Maritime Inc held $151.8M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

10M

YoY+0.0%

Castor Maritime Inc had 10M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

73.0%

YoY-25.3pp

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.

Operating Margin

-22.5%

YoY-54.9pp

5Y CAGR-26.1pp

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.

Net Margin

23.5%

YoY+1.5pp

5Y CAGR+37.6pp

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.

Return on Equity

3.7%

YoY+0.7pp

5Y CAGR+7.0pp

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

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

CTRM Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$81.8M+23.5%	$66.2M-32.1%	$97.5M-35.1%	$150.2M+46.1%	$102.8M+723.1%	$12.5M
Cost of Revenue	$22.1M+1879.1%	$1.1M	$0	$0	N/A	N/A
Gross Profit	$59.7M-8.3%	$65.1M-33.2%	$97.5M-35.1%	$150.2M	N/A	N/A
R&D Expenses	N/A	N/A	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
Operating Income	-$18.4M-186.0%	$21.4M-2.6%	$22.0M-69.9%	$73.1M+32.0%	$55.4M+12147.9%	$452K
Interest Expense	$5.0M-18.3%	$6.1M-45.9%	$11.3M+46.6%	$7.7M+227.0%	$2.3M+7.3%	$2.2M
Income Tax	$323K+141.1%	$134K-24.6%	$178K-54.3%	$389K+33.5%	$291K+1245.5%	$22K
Net Income	$19.3M+31.8%	$14.6M-62.2%	$38.6M-67.4%	$118.6M+126.8%	$52.3M+3080.9%	-$1.8M
EPS (Diluted)	$0.36-5.3%	$0.38	$1.74-86.1%	$12.53+2566.0%	$0.47+280.8%	$-0.26

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
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	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$797.4M0.0%	$797.4M+31.8%	$605.0M-4.4%	$633.1M+36.8%	$462.9M+522.4%	$74.4M
Current Assets	$221.4M-12.8%	$253.9M+4.8%	$242.3M+45.5%	$166.5M+202.7%	$55.0M+305.5%	$13.6M
Cash & Equivalents	$151.8M+72.7%	$87.9M-21.1%	$111.4M-21.8%	$142.4M+283.0%	$37.2M+316.4%	$8.9M
Inventory	$792K-49.0%	$1.6M+58.8%	$978K-49.6%	$1.9M-56.3%	$4.4M+520.7%	$715K
Accounts Receivable	$7.9M+194.2%	$2.7M-7.8%	$2.9M+7.7%	$2.7M-67.1%	$8.2M+531.6%	$1.3M
Goodwill	$24.1M+34.5%	$17.9M	$0	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
Current Liabilities	$34.4M-46.6%	$64.4M+125.2%	$28.6M-44.6%	$51.6M+51.6%	$34.0M+212.1%	$10.9M
Long-Term Debt	N/A	N/A	$85.8M-38.2%	$138.8M+36.0%	$102.0M+673.9%	$13.2M
Total Equity	$525.4M+6.7%	$492.4M+6.8%	$461.2M-0.1%	$461.5M+34.6%	$342.9M+554.7%	$52.4M
Retained Earnings	$239.5M+4.8%	$228.5M+17.4%	$194.7M+23.4%	$157.7M+302.6%	$39.2M+3075.7%	-$1.3M

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Total Assets	$797.4M+13.5%	$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
Current Assets	$221.4M+28.2%	$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
Cash & Equivalents	$151.8M+239.1%	$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
Inventory	$792K-9.6%	$876K-43.6%	$1.6M+97.8%	$785K-19.7%	$978K-50.2%	$2.0M+1.2%	$1.9M-75.7%	$8.0M
Accounts Receivable	$7.9M+82.4%	$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
Goodwill	$24.1M+1.3%	$23.8M+32.8%	$17.9M	N/A	$0	N/A	N/A	N/A
Total Liabilities	$271.9M+31.5%	$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
Current Liabilities	$34.4M-27.6%	$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
Long-Term Debt	N/A	N/A	N/A	$42.9M-50.0%	$85.8M-26.1%	$116.1M-16.4%	$138.8M-4.1%	$144.7M
Total Equity	$525.4M+5.9%	$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
Retained Earnings	$239.5M+13.6%	$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

CTRM Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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
Capital Expenditures	N/A	$72.2M+11479.2%	$623K-99.2%	$75.6M-67.8%	$235.0M+562.4%	$35.5M
Free Cash Flow	N/A	-$30.3M-240.4%	$21.6M-55.3%	$48.2M+127.7%	-$174.2M-360.7%	-$37.8M
Investing Cash Flow	N/A	N/A	N/A	-$63.7M+81.7%	-$348.6M-882.9%	-$35.5M
Financing Cash Flow	N/A	N/A	N/A	$48.9M-84.8%	$321.8M+662.9%	$42.2M
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	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
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	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	73.0%-25.3pp	98.3%-1.7pp	100.0%0.0pp	100.0%	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%
Net Margin	23.5%+1.5pp	22.1%-17.6pp	39.6%-39.3pp	78.9%+28.1pp	50.8%+64.9pp	-14.0%
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%
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%
Current Ratio	6.44+2.5	3.94-4.5	8.47+5.2	3.23+1.6	1.62+0.4	1.24
Debt-to-Equity	0.52-0.1	0.62+0.4	0.19-0.1	0.300.0	0.30+0.0	0.25
FCF Margin	N/A	-45.7%-67.8pp	22.1%-10.0pp	32.1%+201.6pp	-169.5%+133.3pp	-302.8%

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
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	6.44+2.8	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
Debt-to-Equity	0.52+0.1	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
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 $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.

How many shares does Castor Maritime Inc have outstanding?

Castor Maritime Inc (CTRM) had 10M shares outstanding as of fiscal year 2025.

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 Piotroski F-Score?

Castor Maritime Inc (CTRM) has a Piotroski F-Score of 6 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 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) has an interest coverage ratio of -3.7x, meaning it can struggle to 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 43 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.