Euroseas Financials

ESEA

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

Financial Health Signals

Financial Profile 79/100

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

Profitability

100

Euroseas has an operating margin of 56.4%, meaning the company retains $56 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 63.1% the prior year.

Growth

Euroseas's revenue grew 12.4% year-over-year to $212.9M, a solid pace of expansion. This earns a growth score of 64/100.

Leverage

Euroseas carries a low D/E ratio of 0.46, meaning only $0.46 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Euroseas's current ratio of 1.48 indicates adequate short-term liquidity, earning a score of 39/100. The company can meet its near-term obligations, though with limited headroom.

Returns

100

Euroseas earns a strong 31.1% return on equity (ROE), meaning it generates $31 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 43.0% the prior year.

Altman Z-Score Grey Zone

2.37

Euroseas scores 2.37, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral

4/9

Euroseas passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.14x

For every $1 of reported earnings, Euroseas generates $1.14 in operating cash flow ($128.2M OCF vs $112.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

11.9x

Euroseas earns $11.9 in operating income for every $1 of interest expense ($120.0M vs $10.1M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

This page shows Euroseas (ESEA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).

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Key Financial Metrics

Revenue

$212.9M

YoY+12.4%

5Y CAGR+39.7%

10Y CAGR+18.0%

Euroseas generated $212.9M in revenue in fiscal year 2024. This represents an increase of 12.4% from the prior year.

EBITDA

$146.4M

YoY+2.9%

5Y CAGR+88.5%

Euroseas's EBITDA was $146.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 2.9% from the prior year.

Free Cash Flow

N/A

Net Income

$112.8M

YoY-1.5%

Euroseas reported $112.8M in net income in fiscal year 2024. This represents a decrease of 1.5% from the prior year.

EPS (Diluted)

$16.20

YoY-1.9%

Euroseas earned $16.20 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 1.9% from the prior year.

Cash & Debt

$73.7M

YoY+25.8%

5Y CAGR+137.0%

10Y CAGR+11.2%

Euroseas held $73.7M in cash against $168.5M in long-term debt as of fiscal year 2024.

Dividends Per Share

$2.40

YoY+20.0%

Euroseas paid $2.40 per share in dividends in fiscal year 2024. This represents an increase of 20.0% from the prior year.

Shares Outstanding

YoY+0.5%

5Y CAGR+4.7%

Euroseas had 7M shares outstanding in fiscal year 2024. This represents an increase of 0.5% from the prior year.

Gross Margin

N/A

Operating Margin

56.4%

YoY-6.7pp

5Y CAGR+51.4pp

10Y CAGR+92.4pp

Euroseas's operating margin was 56.4% in fiscal year 2024, reflecting core business profitability. This is down 6.7 percentage points from the prior year.

Net Margin

53.0%

YoY-7.5pp

5Y CAGR+57.2pp

10Y CAGR+97.1pp

Euroseas's net profit margin was 53.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 7.5 percentage points from the prior year.

Return on Equity

31.1%

YoY-11.9pp

Euroseas's ROE was 31.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 11.9 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$1.1M

YoY-66.1%

10Y CAGR+21.6%

Euroseas spent $1.1M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 66.1% from the prior year.

Capital Expenditures

N/A

ESEA Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$212.9M+12.4%	$189.4M+3.6%	$182.7M+94.6%	$93.9M+76.1%	$53.3M+33.2%	$40.0M
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$5.9M+25.2%	$4.7M+3.8%	$4.6M+30.9%	$3.5M+14.8%	$3.0M+24.4%	$2.4M
Operating Income	$120.0M+0.5%	$119.4M+12.0%	$106.6M+133.2%	$45.7M+392.2%	$9.3M+370.3%	$2.0M
Interest Expense	$10.1M+69.3%	$6.0M+25.9%	$4.7M+85.0%	$2.6M-33.4%	$3.8M+19.2%	$3.2M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$112.8M-1.5%	$114.5M+7.8%	$106.2M+147.3%	$43.0M+963.1%	$4.0M+340.2%	-$1.7M
EPS (Diluted)	$16.20-1.9%	$16.52+11.8%	$14.78+143.9%	$6.06+944.8%	$0.58+147.9%	$-1.21

Metric	Q2'25	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q3'21
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

ESEA Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$591.2M+39.2%	$424.7M+29.2%	$328.6M+48.4%	$221.4M+100.2%	$110.6M-12.8%	$126.9M
Current Assets	$84.7M+28.4%	$66.0M+40.8%	$46.9M+42.5%	$32.9M+239.4%	$9.7M+53.9%	$6.3M
Cash & Equivalents	$73.7M+25.8%	$58.6M+126.8%	$25.8M-2.6%	$26.5M+645.4%	$3.6M+261.2%	$985K
Inventory	$3.2M+25.7%	$2.5M+10.1%	$2.3M+1.4%	$2.3M+36.8%	$1.7M-12.0%	$1.9M
Accounts Receivable	$4.6M+123.3%	$2.0M+255.7%	$573K-55.1%	$1.3M-36.7%	$2.0M+181.5%	$715K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$228.3M+44.4%	$158.1M-1.5%	$160.4M+11.0%	$144.6M+92.2%	$75.2M-23.8%	$98.8M
Current Liabilities	$57.2M+11.7%	$51.2M-30.5%	$73.7M+98.4%	$37.1M+29.7%	$28.6M+15.3%	$24.9M
Long-Term Debt	$168.5M+69.9%	$99.2M+91.4%	$51.8M-41.8%	$89.0M+92.6%	$46.2M-36.0%	$72.2M
Total Equity	$362.9M+36.2%	$266.6M+58.5%	$168.2M+118.8%	$76.9M+181.2%	$27.3M+33.6%	$20.5M
Retained Earnings	$103.9M+1209.5%	$7.9M+108.6%	-$92.6M+50.7%	-$188.0M+18.4%	-$230.3M+1.4%	-$233.7M

Metric	Q2'25	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q3'21
Total Assets	$662.1M+12.0%	$591.2M+39.2%	$424.7M+7.8%	$394.1M+19.9%	$328.6M+13.9%	$288.5M+30.3%	$221.4M+84.5%	$120.0M
Current Assets	$160.4M+89.4%	$84.7M+28.4%	$66.0M+44.3%	$45.7M-2.5%	$46.9M+337.3%	$10.7M-67.4%	$32.9M+200.4%	$10.9M
Cash & Equivalents	$100.5M+36.3%	$73.7M+25.8%	$58.6M+84.1%	$31.8M+23.2%	$25.8M+421.8%	$5.0M-81.3%	$26.5M+351.1%	$5.9M
Inventory	$2.9M-9.9%	$3.2M+25.7%	$2.5M-1.3%	$2.6M+11.5%	$2.3M-4.9%	$2.4M+6.6%	$2.3M+32.6%	$1.7M
Accounts Receivable	$8.4M+84.1%	$4.6M+123.3%	$2.0M+108.7%	$976K+70.4%	$573K+31.3%	$436K-65.8%	$1.3M-25.3%	$1.7M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$259.1M+13.5%	$228.3M+44.4%	$158.1M-10.6%	$176.9M+10.3%	$160.4M+3.8%	$154.5M+6.9%	$144.6M+119.0%	$66.0M
Current Liabilities	$50.0M-12.5%	$57.2M+11.7%	$51.2M+12.1%	$45.7M-38.0%	$73.7M+56.6%	$47.1M+26.7%	$37.1M+72.1%	$21.6M
Long-Term Debt	$206.5M+22.6%	$168.5M+69.9%	$99.2M-4.6%	$104.0M+100.7%	$51.8M-20.0%	$64.8M-27.2%	$89.0M+100.3%	$44.4M
Total Equity	$403.0M+11.0%	$362.9M+36.2%	$266.6M+22.7%	$217.2M+29.2%	$168.2M+25.5%	$134.0M+74.3%	$76.9M+42.3%	$54.0M
Retained Earnings	$144.2M+38.8%	$103.9M+1209.5%	$7.9M+118.9%	-$42.0M+54.6%	-$92.6M+29.3%	-$130.9M+30.3%	-$188.0M+10.8%	-$210.7M

ESEA Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$128.2M-1.4%	$130.0M+14.0%	$114.1M+116.8%	$52.6M+2083.7%	$2.4M-25.6%	$3.2M
Capital Expenditures	N/A	N/A	N/A	N/A	$647K-98.8%	$55.7M
Free Cash Flow	N/A	N/A	N/A	N/A	$1.8M+103.4%	-$52.5M
Investing Cash Flow	-$168.8M-65.2%	-$102.2M-17.3%	-$87.1M-17.6%	-$74.1M-554.1%	$16.3M+129.3%	-$55.7M
Financing Cash Flow	$57.0M+1024.9%	$5.1M+118.7%	-$27.0M-157.9%	$46.6M+354.6%	-$18.3M-140.5%	$45.2M
Dividends Paid	$16.8M+20.4%	$14.0M+29.4%	$10.8M	$0	$0	N/A
Share Buybacks	$1.1M-66.1%	$3.1M-37.4%	$5.0M	$0	$0	N/A

Metric	Q2'25	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q3'21
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	$25.9M+105.3%	$12.6M
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	-$63.3M-499.4%	-$10.6M
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	$58.7M+2157.2%	-$2.9M
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

ESEA Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	56.4%-6.7pp	63.1%+4.7pp	58.4%+9.7pp	48.7%+31.3pp	17.4%+12.5pp	4.9%
Net Margin	53.0%-7.5pp	60.5%+2.3pp	58.1%+12.4pp	45.8%+38.2pp	7.6%+11.8pp	-4.2%
Return on Equity	31.1%-11.9pp	43.0%-20.2pp	63.2%+7.3pp	55.9%+41.1pp	14.8%	N/A
Return on Assets	19.1%-7.9pp	27.0%-5.4pp	32.3%+12.9pp	19.4%+15.8pp	3.6%+5.0pp	-1.3%
Current Ratio	1.48+0.2	1.29+0.7	0.64-0.2	0.89+0.5	0.34+0.1	0.25
Debt-to-Equity	0.46+0.1	0.37+0.1	0.31-0.8	1.16-0.5	1.69-1.8	3.53
FCF Margin	N/A	N/A	N/A	N/A	3.3%+134.4pp	-131.1%

Metric	Q2'25	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q3'21
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	3.21+1.7	1.48+0.2	1.29+0.3	1.00+0.4	0.64+0.4	0.23-0.7	0.89+0.4	0.51
Debt-to-Equity	0.51+0.0	0.46+0.1	0.37-0.1	0.48+0.2	0.31-0.2	0.48-0.7	1.16+0.3	0.82
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 Euroseas's annual revenue?

Euroseas (ESEA) reported $212.9M in total revenue for fiscal year 2024. This represents a 12.4% 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 Euroseas's revenue growing?

Euroseas (ESEA) revenue grew by 12.4% year-over-year, from $189.4M to $212.9M in fiscal year 2024.

Is Euroseas profitable?

Yes, Euroseas (ESEA) reported a net income of $112.8M in fiscal year 2024, with a net profit margin of 53.0%.

What is Euroseas's earnings per share (EPS)?

Euroseas (ESEA) reported diluted earnings per share of $16.20 for fiscal year 2024. This represents a -1.9% 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.

What is Euroseas's EBITDA?

Euroseas (ESEA) had EBITDA of $146.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Euroseas have?

As of fiscal year 2024, Euroseas (ESEA) had $73.7M in cash and equivalents against $168.5M in long-term debt.

What is Euroseas's operating margin?

Euroseas (ESEA) had an operating margin of 56.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Euroseas's net profit margin?

Euroseas (ESEA) had a net profit margin of 53.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Euroseas pay dividends?

Yes, Euroseas (ESEA) paid $2.40 per share in dividends during fiscal year 2024.

What is Euroseas's return on equity (ROE)?

Euroseas (ESEA) has a return on equity of 31.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Euroseas's operating cash flow?

Euroseas (ESEA) generated $128.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Euroseas's total assets?

Euroseas (ESEA) had $591.2M in total assets as of fiscal year 2024, including both current and long-term assets.

Does Euroseas buy back shares?

Yes, Euroseas (ESEA) spent $1.1M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Euroseas have outstanding?

Euroseas (ESEA) had 7M shares outstanding as of fiscal year 2024.

What is Euroseas's current ratio?

Euroseas (ESEA) had a current ratio of 1.48 as of fiscal year 2024, which is considered adequate.

What is Euroseas's debt-to-equity ratio?

Euroseas (ESEA) had a debt-to-equity ratio of 0.46 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Euroseas's return on assets (ROA)?

Euroseas (ESEA) had a return on assets of 19.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Euroseas's Altman Z-Score?

Euroseas (ESEA) has an Altman Z-Score of 2.37, placing it in the Grey Zone (moderate 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 Euroseas's Piotroski F-Score?

Euroseas (ESEA) has a Piotroski F-Score of 4 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 Euroseas's earnings high quality?

Euroseas (ESEA) has an earnings quality ratio of 1.14x, 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 Euroseas cover its interest payments?

Euroseas (ESEA) has an interest coverage ratio of 11.9x, meaning it can comfortably 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 Euroseas?

Euroseas (ESEA) scores 79 out of 100 on our Financial Profile, indicating strong 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.