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

Euroseas (ESEA) reported diluted earnings per share of $19.72 for fiscal year 2025. This represents a 21.7% 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.

Euroseas Financials

ESEA

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Euroseas (ESEA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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 ESEA FY2024 2026-04-29

Strong operating cash generation is being recycled into heavy asset expansion, so a bigger balance sheet is not lifting profit much.

From FY2023 to FY2024, revenue rose to $212.9M but operating income stayed near $120.0M and net income slipped even as operating cash flow still exceeded earnings at $128.2M. That mix says earnings quality remains solid, but FY2024’s extra sales were mostly absorbed by higher financing and operating costs instead of dropping through to shareholders.

The balance sheet became larger and more debt-funded: total assets expanded from $424.7M to $591.2M while long-term debt increased from $99.2M to $168.5M. Because cash also rose to $73.7M and the current ratio improved to 1.5x, this looks like expansion financed with borrowings rather than a near-term liquidity squeeze.

Across FY2022-FY2024, net income stayed above $100M each year, but return on assets fell from 32.3% to 19.1% as assets nearly doubled. That pattern suggests new capital is sustaining scale more than lifting efficiency, so the business is becoming more balance-sheet intensive even while it remains highly cash generative.

Financial Health Signals

Financial Profile 71/100

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 Euroseas'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

100

Euroseas has an operating margin of 65.6%, meaning the company retains $66 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 up from 56.4% the prior year.

Growth

Euroseas's revenue grew 7.0% year-over-year to $227.9M, a solid pace of expansion. This earns a growth score of 49/100.

Leverage

Euroseas carries a low D/E ratio of 0.43, meaning only $0.43 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 4.89, Euroseas holds $4.89 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 98/100.

Returns

Euroseas earns a strong 29.5% return on equity (ROE), meaning it generates $30 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 84/100. This is down from 31.1% the prior year.

Altman Z-Score Grey Zone

2.87

Euroseas scores 2.87, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral

6/9

Euroseas passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.03x

For every $1 of reported earnings, Euroseas generates $1.03 in operating cash flow ($141.1M OCF vs $137.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

10.3x

Euroseas earns $10.3 in operating income for every $1 of interest expense ($149.5M vs $14.5M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$227.9M

YoY+7.0%

5Y CAGR+33.7%

10Y CAGR+19.7%

Euroseas generated $227.9M in revenue in fiscal year 2025. This represents an increase of 7.0% from the prior year.

EBITDA

$178.1M

YoY+21.7%

5Y CAGR+62.1%

Euroseas's EBITDA was $178.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 21.7% from the prior year.

Net Income

$137.0M

YoY+21.5%

5Y CAGR+102.3%

Euroseas reported $137.0M in net income in fiscal year 2025. This represents an increase of 21.5% from the prior year.

EPS (Diluted)

$19.72

YoY+21.7%

5Y CAGR+102.4%

Euroseas earned $19.72 per diluted share (EPS) in fiscal year 2025. This represents an increase of 21.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$176.5M

YoY+139.3%

5Y CAGR+118.3%

10Y CAGR+35.1%

Euroseas held $176.5M in cash against $197.7M in long-term debt as of fiscal year 2025.

Dividends Per Share

$2.70

YoY+12.5%

Euroseas paid $2.70 per share in dividends in fiscal year 2025. This represents an increase of 12.5% from the prior year.

Shares Outstanding

YoY+0.1%

5Y CAGR+1.0%

10Y CAGR-1.5%

Euroseas had 7M shares outstanding in fiscal year 2025. This represents an increase of 0.1% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

65.6%

YoY+9.2pp

5Y CAGR+48.2pp

10Y CAGR+95.9pp

Euroseas's operating margin was 65.6% in fiscal year 2025, reflecting core business profitability. This is up 9.2 percentage points from the prior year.

Net Margin

60.1%

YoY+7.1pp

5Y CAGR+52.5pp

10Y CAGR+97.4pp

Euroseas's net profit margin was 60.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 7.1 percentage points from the prior year.

Return on Equity

29.5%

YoY-1.5pp

5Y CAGR+14.8pp

10Y CAGR+44.3pp

Euroseas's ROE was 29.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$2.1M

YoY+99.1%

Euroseas spent $2.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 99.1% from the prior year.

Capital Expenditures

N/A

ESEA Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$227.9M+7.0%	$212.9M+12.4%	$189.4M+3.6%	$182.7M+94.6%	$93.9M+76.1%	$53.3M
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	$6.8M+14.5%	$5.9M+25.2%	$4.7M+3.8%	$4.6M+30.9%	$3.5M+14.8%	$3.0M
Operating Income	$149.5M+24.6%	$120.0M+0.5%	$119.4M+12.0%	$106.6M+133.2%	$45.7M+392.2%	$9.3M
Interest Expense	$14.5M+44.0%	$10.1M+69.3%	$6.0M+25.9%	$4.7M+85.0%	$2.6M-33.4%	$3.8M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$137.0M+21.5%	$112.8M-1.5%	$114.5M+7.8%	$106.2M+147.3%	$43.0M+963.1%	$4.0M
EPS (Diluted)	$19.72+21.7%	$16.20-1.9%	$16.52+11.8%	$14.78+143.9%	$6.06+944.8%	$0.58

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

ESEA Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$700.5M+18.5%	$591.2M+39.2%	$424.7M+29.2%	$328.6M+48.4%	$221.4M+100.2%	$110.6M
Current Assets	$192.4M+127.1%	$84.7M+28.4%	$66.0M+40.8%	$46.9M+42.5%	$32.9M+239.4%	$9.7M
Cash & Equivalents	$176.5M+139.3%	$73.7M+25.8%	$58.6M+126.8%	$25.8M-2.6%	$26.5M+645.4%	$3.6M
Inventory	$2.8M-11.7%	$3.2M+25.7%	$2.5M+10.1%	$2.3M+1.4%	$2.3M+36.8%	$1.7M
Accounts Receivable	$10.2M+123.2%	$4.6M+123.3%	$2.0M+255.7%	$573K-55.1%	$1.3M-36.7%	$2.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$237.0M+3.8%	$228.3M+44.4%	$158.1M-1.5%	$160.4M+11.0%	$144.6M+92.2%	$75.2M
Current Liabilities	$39.4M-31.2%	$57.2M+11.7%	$51.2M-30.5%	$73.7M+98.4%	$37.1M+29.7%	$28.6M
Long-Term Debt	$197.7M+17.3%	$168.5M+69.9%	$99.2M+91.4%	$51.8M-41.8%	$89.0M+92.6%	$46.2M
Total Equity	$463.4M+27.7%	$362.9M+36.2%	$266.6M+58.5%	$168.2M+118.8%	$76.9M+181.2%	$27.3M
Retained Earnings	$204.5M+96.9%	$103.9M+1209.5%	$7.9M+108.6%	-$92.6M+50.7%	-$188.0M+18.4%	-$230.3M

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Total Assets	$700.5M+5.8%	$662.1M+12.0%	$591.2M	N/A	$424.7M+7.8%	$394.1M+19.9%	$328.6M+13.9%	$288.5M
Current Assets	$192.4M+19.9%	$160.4M+89.4%	$84.7M	N/A	$66.0M+44.3%	$45.7M-2.5%	$46.9M+337.3%	$10.7M
Cash & Equivalents	$176.5M+75.6%	$100.5M+36.3%	$73.7M+5.8%	$69.7M+18.9%	$58.6M+84.1%	$31.8M+23.2%	$25.8M+421.8%	$5.0M
Inventory	$2.8M-2.0%	$2.9M-9.9%	$3.2M	N/A	$2.5M-1.3%	$2.6M+11.5%	$2.3M-4.9%	$2.4M
Accounts Receivable	$10.2M+21.3%	$8.4M+84.1%	$4.6M	N/A	$2.0M+108.7%	$976K+70.4%	$573K+31.3%	$436K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$237.0M-8.5%	$259.1M+13.5%	$228.3M	N/A	$158.1M-10.6%	$176.9M+10.3%	$160.4M+3.8%	$154.5M
Current Liabilities	$39.4M-21.3%	$50.0M-12.5%	$57.2M	N/A	$51.2M+12.1%	$45.7M-38.0%	$73.7M+56.6%	$47.1M
Long-Term Debt	$197.7M-4.3%	$206.5M+22.6%	$168.5M-18.4%	$206.5M+108.3%	$99.2M-4.6%	$104.0M+100.7%	$51.8M-20.0%	$64.8M
Total Equity	$463.4M+15.0%	$403.0M+11.0%	$362.9M+13.6%	$319.6M+19.9%	$266.6M+22.7%	$217.2M+29.2%	$168.2M+25.5%	$134.0M
Retained Earnings	$204.5M+41.9%	$144.2M+38.8%	$103.9M	N/A	$7.9M+118.9%	-$42.0M+54.6%	-$92.6M+29.3%	-$130.9M

ESEA Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$141.1M+10.1%	$128.2M-1.4%	$130.0M+14.0%	$114.1M+116.8%	$52.6M+2083.7%	$2.4M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	$647K
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	$1.8M
Investing Cash Flow	-$15.2M+91.0%	-$168.8M-65.2%	-$102.2M-17.3%	-$87.1M-17.6%	-$74.1M-554.1%	$16.3M
Financing Cash Flow	-$23.3M-140.9%	$57.0M+1024.9%	$5.1M+118.7%	-$27.0M-157.9%	$46.6M+354.6%	-$18.3M
Dividends Paid	$19.0M+12.6%	$16.8M+20.4%	$14.0M+29.4%	$10.8M	$0	$0
Share Buybacks	$2.1M+99.1%	$1.1M-66.1%	$3.1M-37.4%	$5.0M	$0	$0

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

ESEA Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	65.6%+9.2pp	56.4%-6.7pp	63.1%+4.7pp	58.4%+9.7pp	48.7%+31.3pp	17.4%
Net Margin	60.1%+7.1pp	53.0%-7.5pp	60.5%+2.3pp	58.1%+12.4pp	45.8%+38.2pp	7.6%
Return on Equity	29.5%-1.5pp	31.1%-11.9pp	43.0%-20.2pp	63.2%+7.3pp	55.9%+41.1pp	14.8%
Return on Assets	19.6%+0.5pp	19.1%-7.9pp	27.0%-5.4pp	32.3%+12.9pp	19.4%+15.8pp	3.6%
Current Ratio	4.89+3.4	1.48+0.2	1.29+0.7	0.64-0.2	0.89+0.5	0.34
Debt-to-Equity	0.43-0.0	0.46+0.1	0.37+0.1	0.31-0.8	1.16-0.5	1.69
FCF Margin	N/A	N/A	N/A	N/A	N/A	3.3%

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	4.89+1.7	3.21+1.7	1.48	N/A	1.29+0.3	1.00+0.4	0.64+0.4	0.23
Debt-to-Equity	0.43-0.1	0.51+0.0	0.46-0.2	0.65+0.3	0.37-0.1	0.48+0.2	0.31-0.2	0.48
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 $227.9M in total revenue for fiscal year 2025. This represents a 7.0% 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 7% year-over-year, from $212.9M to $227.9M in fiscal year 2025.

Is Euroseas profitable?

Yes, Euroseas (ESEA) reported a net income of $137.0M in fiscal year 2025, with a net profit margin of 60.1%.

What is Euroseas's EBITDA?

Euroseas (ESEA) had EBITDA of $178.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Euroseas have?

As of fiscal year 2025, Euroseas (ESEA) had $176.5M in cash and equivalents against $197.7M in long-term debt.

What is Euroseas's operating margin?

Euroseas (ESEA) had an operating margin of 65.6% in fiscal year 2025, 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 60.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Euroseas pay dividends?

Yes, Euroseas (ESEA) paid $2.70 per share in dividends during fiscal year 2025.

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

Euroseas (ESEA) has a return on equity of 29.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Euroseas's operating cash flow?

Euroseas (ESEA) generated $141.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Euroseas's total assets?

Euroseas (ESEA) had $700.5M in total assets as of fiscal year 2025, including both current and long-term assets.

Does Euroseas buy back shares?

Yes, Euroseas (ESEA) spent $2.1M on share buybacks during fiscal year 2025, 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 2025.

What is Euroseas's current ratio?

Euroseas (ESEA) had a current ratio of 4.89 as of fiscal year 2025, which is generally considered healthy.

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

Euroseas (ESEA) had a debt-to-equity ratio of 0.43 as of fiscal year 2025, 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 19.6% for fiscal year 2025, 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 2.87, 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 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 Euroseas's earnings high quality?

Euroseas (ESEA) has an earnings quality ratio of 1.03x, 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 10.3x, 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 71 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.