Navios Maritime Partners L.P. (NMM) Financials

NMM NYSE

FY2025 annual

Revenue $1.3B +0.8% YoY

Net Income $285.3M -22.3% YoY

Free Cash Flow $281.0M n/m YoY

Operating Cash Flow $505.0M +4.4% YoY

Market Cap $2.6B as of Oct 30, 2026

Price / Sales 1.9x on $1.3B revenue, FY2025

Price / Earnings 9.1x on $285.3M net income, FY2025

Price / Book 0.7x on $3.6B equity, Q2 FY2026

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 30, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (20-F/6-K) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 27, 2026 Currency USD FYE December

Newest figures come from the 6-K for Q2 FY2026, filed Aug 27, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NMM SEC filings page.

Navios Maritime Partners L.P. (NMM) reported $1.3B in revenue for fiscal year 2025, up 0.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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 (20-F and 6-K reports).

Rhea AI NMM FY2025 2026-10-24

Revenue is nearly flat, but heavier reinvestment and rising depreciation have steadily reduced reported returns despite recovering free cash flow.

From FY2023 to FY2025, revenue grew 2.9% while net income fell 34.2%, showing that top-line stability did not preserve earnings. Meanwhile, total assets grew 15.2% while ROA fell 3.6 percentage points, consistent with an asset base whose earnings contribution is lagging its expansion.

Operating cash flow was $505M against net income of $285M in FY2025, so accounting earnings were more than matched by cash from operations. Free cash flow rebounded to $281M after a $264M outflow in FY2024, revealing that reinvestment—not day-to-day cash generation—drove the prior year's cash deficit.

The balance sheet carries $975M of long-term debt, but debt-to-equity was 0.3x, so equity remains the larger funding base. Short-term coverage also improved: current ratio was 1.1x in FY2025 versus 0.9x in FY2023, reducing the mismatch between current assets and current liabilities.

Financial Health Signals

Financial Health Score (4 of 6 dimensions) 49/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. 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 Navios Maritime Partners L.P.'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

n/a

Not available for Navios Maritime Partners L.P., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.

Growth

Navios Maritime Partners L.P.'s revenue grew a modest 0.8% year-over-year to $1.3B. This slow but positive growth earns a score of 35/100.

Leverage

Navios Maritime Partners L.P. carries a low D/E ratio of 0.29, meaning only $0.29 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 70/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Navios Maritime Partners L.P.'s current ratio of 1.13 is below the typical benchmark, resulting in a score of 26/100. However, the company holds substantial cash reserves (88% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.

Cash Flow

Navios Maritime Partners L.P. converts 20.9% of revenue into free cash flow ($281.0M). This strong cash generation earns a score of 66/100.

Returns

n/a

Not available for Navios Maritime Partners L.P., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.

Piotroski F-Score Neutral

6/9

Navios Maritime Partners L.P. passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.

Earnings Quality Cash-Backed

1.77x

For every $1 of reported earnings, Navios Maritime Partners L.P. generates $1.77 in operating cash flow ($505.0M OCF vs $285.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$410.2M

YoY+25.2%

Navios Maritime Partners L.P. generated $410.2M in revenue in Q2 2026. This represents an increase of 25.2% from the same quarter a year earlier.

Net Income

$167.9M

YoY+140.1%

QoQ+57.9%

Navios Maritime Partners L.P. reported $167.9M in net income in Q2 2026. This represents an increase of 140.1% from the same quarter a year earlier. Against the prior quarter it is up 57.9%.

EBITDA

Not reported for Q2 2026.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$352.6M

YoY-6.5%

Navios Maritime Partners L.P. held $352.6M in cash against $981.4M in long-term debt as of Q2 2026.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Shares Outstanding

Not reported for Q2 2026.

Margins & Returns

Gross Margin

88.9%

YoY-1.6pp

Navios Maritime Partners L.P.'s gross margin was 88.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 1.6 percentage points from the same quarter a year earlier.

Net Margin

40.9%

YoY+19.6pp

Navios Maritime Partners L.P.'s net profit margin was 40.9% in Q2 2026, showing the share of revenue converted to profit. This is up 19.6 percentage points from the same quarter a year earlier.

Return on Equity

4.7%

YoY+2.5pp

Navios Maritime Partners L.P.'s quarterly ROE was 4.7% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 2.5 percentage points from the same quarter a year earlier.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

NMM 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.

NMM quarterly income statement

Metric	FY2520-F	FY2420-F	FY2320-F	FY2220-F	FY2120-F	FY2020-F	FY1920-F	FY1820-F	FY1720-F	FY1620-F	FY1520-F	FY1420-F	FY1320-F	FY1220-F	FY1120-F
Revenue	$1.3B+0.8%	$1.3B+2.1%	$1.3B+8.0%	$1.2B+69.7%	$713.2M+214.5%	$226.8M+3.4%	$219.4M-5.2%	$231.4M+9.3%	$211.7M+11.1%	$190.5M-14.8%	$223.7M-1.6%	$227.4M+14.7%	$198.2M-3.5%	$205.4M+9.9%	$187.0M
Cost of Revenue	$127.8M-12.8%	$146.4M-8.6%	$160.2M+30.7%	$122.6M+239.3%	$36.1M+227.7%	$11.0M-10.6%	$12.3M+23.0%	$10.0M+141.1%	$4.2M-26.7%	$5.7M-21.2%	$7.2M-53.2%	$15.4M+3.0%	$14.9M+15.5%	$12.9M-4.0%	$13.5M
Gross Profit	$1.2B+2.4%	$1.2B+3.6%	$1.1B+5.4%	$1.1B+60.7%	$677.0M+213.8%	$215.7M+4.2%	$207.0M-6.5%	$221.3M+6.7%	$207.5M+12.2%	$184.9M-14.6%	$216.5M+2.1%	$212.0M+15.7%	$183.2M-4.8%	$192.5M+11.0%	$173.5M
SG&A Expenses	$92.0M+8.1%	$85.2M+5.7%	$80.6M+19.9%	$67.2M+62.0%	$41.5M+72.7%	$24.0M+14.4%	$21.0M+13.7%	$18.5M+7.5%	$17.2M+39.0%	$12.4M+55.7%	$7.9M+1.2%	$7.8M+24.3%	$6.3M+13.5%	$5.6M+11.9%	$5.0M
Interest Expense	$3.3Mn/m	$0n/m	$0-100.0%	$83.1M+94.3%	$42.8M+77.0%	$24.2M-46.6%	$45.3M+5.8%	$42.8M+11.9%	$38.2M+22.3%	$31.2M-1.5%	$31.7M+10.3%	$28.8M+70.1%	$16.9M+67.0%	$10.1M+9.6%	$9.2M
Net Income	$285.3M-22.3%	$367.3M-15.3%	$433.6M-25.1%	$579.2M+12.2%	$516.2Mn/m	-$68.5Mn/m	-$62.1Mn/m	-$13.1Mn/m	-$15.1Mn/m	-$52.5M-225.7%	$41.8M-44.2%	$74.9M+26.9%	$59.0M-38.5%	$95.9M+46.8%	$65.3M

Metric	Q2'266-K	Q1'266-K	Q4'256-K	Q2'256-K	Q1'256-K	Q4'2420-F	Q2'246-K	Q1'246-K
Revenue	$410.2M+25.2%	N/A	N/A	$327.6M-4.3%	N/A	N/A	$342.2M-1.4%	N/A
Cost of Revenue	$45.6M+46.2%	N/A	N/A	$31.2M-22.0%	N/A	N/A	$40.0M-4.6%	N/A
Gross Profit	$364.5M+23.0%	N/A	N/A	$296.3M-1.9%	N/A	N/A	$302.1M-0.9%	N/A
SG&A Expenses	$24.4M+4.2%	N/A	N/A	$23.4M+13.8%	N/A	N/A	$20.6M+0.2%	N/A
Interest Expense	$6.0Mn/m	N/A	N/A	$0-100.0%	N/A	N/A	$30.1M-9.7%	N/A
Net Income	$167.9M+140.1%	$106.3M+154.9%	N/A	$69.9M-31.1%	$41.7M-43.1%	N/A	$101.5M-9.7%	$73.4M-26.0%

Not reported in any period shown, so not listed: R&D Expenses, Operating Income, EBITDA, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

NMM Balance Sheet

NMM quarterly balance sheet

Metric	FY2520-F	FY2420-F	FY2320-F	FY2220-F	FY2120-F	FY2020-F	FY1920-F	FY1820-F	FY1720-F	FY1620-F	FY1520-F	FY1420-F	FY1320-F	FY1220-F	FY1120-F
Total Assets	$5.9B+4.5%	$5.7B+10.2%	$5.1B+5.1%	$4.9B+35.1%	$3.6B+200.1%	$1.2B-3.7%	$1.3B-4.6%	$1.3B+0.7%	$1.3B+2.9%	$1.3B-6.1%	$1.4B+0.9%	$1.3B+7.1%	$1.3B+30.9%	$955.0M+4.9%	$909.9M
Current Assets	$512.1M+15.6%	$443.0M+10.8%	$399.7M+28.8%	$310.4M+37.1%	$226.3M+272.4%	$60.8M-20.0%	$76.0M-31.6%	$111.1M+84.2%	$60.3M+7.0%	$56.3M+41.5%	$39.8M-65.4%	$115.2M+111.4%	$54.5M-22.2%	$70.0M+10.2%	$63.6M
Cash & Equivalents	$402.8M+49.1%	$270.2M+12.4%	$240.4M+52.3%	$157.8M-1.0%	$159.5M+726.1%	$19.3M-17.3%	$23.4M-60.1%	$58.6M+143.6%	$24.0M+38.5%	$17.4M-35.1%	$26.8M-73.1%	$99.5M+181.5%	$35.3M+10.0%	$32.1M-33.2%	$48.1M
Short-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0
Inventory	$31.9M-2.6%	$32.8M-12.7%	$37.6M+15.0%	$32.7M+55.0%	$21.1M+236.2%	$6.3M-0.2%	$6.3M+525.6%	$1.0M+356.4%	$220K0.0%	$220K-81.0%	$1.2M+40.4%	$826K-29.2%	$1.2Mn/m	$0	N/A
Accounts Receivable	$34.1M+2.0%	$33.4M-20.9%	$42.2M-43.7%	$75.0M+215.6%	$23.8M+40.1%	$17.0M+50.3%	$11.3M-21.8%	$14.4M+2.2%	$14.1M+40.9%	$10.0M+150.6%	$4.0M-69.9%	$13.3M-18.5%	$16.3M+109.5%	$7.8M+60.9%	$4.8M
Long-Term Investments	$0n/m	$0n/m	$0-100.0%	$46.1Mn/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0
Total Liabilities	$2.6B+0.8%	$2.6B+8.0%	$2.4B-6.9%	$2.6B+37.7%	$1.9B+235.5%	$552.4M+5.1%	$525.5M-2.2%	$537.4M0.0%	$537.6M-8.6%	$588.4M-4.8%	$618.1M+4.8%	$589.6M+8.5%	$543.6M+61.7%	$336.3M-4.0%	$350.3M
Current Liabilities	$455.1M+11.1%	$409.7M-10.9%	$459.6M-25.6%	$617.7M+56.2%	$395.5M+56.2%	$253.3M+217.4%	$79.8M+52.5%	$52.3M-3.5%	$54.2M-45.2%	$99.0M+138.3%	$41.5M+38.1%	$30.1M+92.7%	$15.6M-74.1%	$60.3M+6.3%	$56.7M
Non-Current Liabilities	$2.1B-1.1%	$2.2B+12.5%	$1.9B-0.9%	$1.9B+32.7%	$1.5B+387.3%	$299.2M-32.9%	$445.7M-8.1%	$485.0M+0.4%	$483.3M-1.2%	$489.4M-15.1%	$576.5M+3.0%	$559.5M+6.0%	$528.0M+91.3%	$276.0M-6.0%	$293.6M
Long-Term Debt	$974.6M+6.3%	$917.1M+22.0%	$751.8M+9.0%	$689.7M+7.6%	$640.9M+180.4%	$228.5M-34.0%	$346.5M-24.4%	$458.6M-1.8%	$466.9M+3.8%	$449.7M-21.7%	$574.7M+2.7%	$559.5M+6.0%	$528.0M+91.3%	$276.0M-4.6%	$289.4M
Total Equity	$3.3B+7.5%	$3.1B+12.1%	$2.8B+18.2%	$2.3B+32.4%	$1.8B+170.3%	$654.8M-10.1%	$728.0M-6.3%	$776.8M+1.2%	$767.7M+12.9%	$680.2M-7.1%	$732.2M-2.3%	$749.1M+6.0%	$706.5M+14.2%	$618.7M+10.6%	$559.6M

Metric	Q2'266-K	Q1'266-K	Q4'256-K	Q2'256-K	Q1'256-K	Q4'2420-F	Q2'246-K	Q1'246-K
Total Assets	$6.3B+6.5%	N/A	$5.9B+4.5%	$5.9B+10.0%	N/A	$5.7B+10.2%	$5.3B+7.7%	N/A
Current Assets	$602.3M+20.3%	N/A	$512.1M+15.6%	$500.8M+11.6%	N/A	$443.0M+10.8%	$448.8M+23.3%	N/A
Cash & Equivalents	$352.6M-6.5%	N/A	$402.8M+49.1%	$377.0M+38.6%	N/A	$270.2M+12.4%	$272.0M+4.0%	N/A
Short-Term Investments	$0n/m	N/A	$0n/m	$0n/m	N/A	$0n/m	$0n/m	N/A
Inventory	N/A	N/A	$31.9M-2.6%	N/A	N/A	$32.8M-12.7%	N/A	N/A
Accounts Receivable	$50.6M+137.5%	N/A	$34.1M+2.0%	$21.3M-47.9%	N/A	$33.4M-20.9%	$40.9M+30.0%	N/A
Long-Term Investments	$0n/m	N/A	$0n/m	$0n/m	N/A	$0n/m	$0-100.0%	N/A
Total Liabilities	$2.7B-0.9%	N/A	$2.6B+0.8%	$2.7B+11.7%	N/A	$2.6B+8.0%	$2.4B-0.1%	N/A
Current Liabilities	$393.5M-14.3%	N/A	$455.1M+11.1%	$459.0M-29.4%	N/A	$409.7M-10.9%	$650.3M+47.5%	N/A
Non-Current Liabilities	$2.3B+1.9%	N/A	$2.1B-1.1%	$2.2B+26.9%	N/A	$2.2B+12.5%	$1.8B-10.7%	N/A
Long-Term Debt	$981.4M-0.4%	N/A	$974.6M+6.3%	$985.0M+44.0%	N/A	$917.1M+22.0%	$684.0M-10.4%	N/A
Total Equity	$3.6B+12.6%	N/A	$3.3B+7.5%	$3.2B+8.6%	N/A	$3.1B+12.1%	$2.9B+15.1%	N/A

Not reported in any period shown, so not listed: Goodwill, Retained Earnings.

NMM Cash Flow Statement

NMM quarterly cash flow statement

Metric	FY2520-F	FY2420-F	FY2320-F	FY2220-F	FY2120-F	FY2020-F	FY1920-F	FY1820-F	FY1720-F	FY1620-F	FY1520-F	FY1420-F	FY1320-F	FY1220-F	FY1120-F
Operating Cash Flow	$505.0M+4.4%	$483.5M-13.7%	$560.3M+10.7%	$506.3M+82.7%	$277.2M+194.6%	$94.1M+33.7%	$70.4M+3.0%	$68.3M+27.7%	$53.5M-13.5%	$61.8M-49.9%	$123.3M-28.2%	$171.7M+63.7%	$104.8M-41.5%	$179.1M+40.5%	$127.5M
Depreciation & Amortization	$348.9M+19.5%	$292.1M+11.8%	$261.1M+29.4%	$201.8M+78.9%	$112.8M+101.3%	$56.0M+5.2%	$53.3M-8.7%	$58.3M-19.8%	$72.8M-21.2%	$92.4M+21.6%	$75.9M-20.8%	$95.8M+23.6%	$77.5M+8.2%	$71.6M+12.0%	$64.0M
Stock-Based Compensation	$0n/m	$0-100.0%	$4K-97.4%	$154K-70.6%	$523K-44.7%	$946K-53.1%	$2.0M-17.6%	$2.5M+28.7%	$1.9M+1947.3%	$93Kn/m	$0n/m	$0	N/A	N/A	N/A
Capital Expenditures	$223.9M-70.0%	$747.0M+308.4%	$182.9M-57.8%	$433.8M+99.9%	$217.0M+199.7%	$72.4M+242.1%	$21.2M-81.7%	$115.9M-26.8%	$158.2M+931.5%	$15.3M-89.6%	$147.8M-5.4%	$156.2M-54.2%	$341.2M+636.8%	$46.3Mn/m	$0
Free Cash Flow	$281.0Mn/m	-$263.5M-169.8%	$377.4M+420.1%	$72.6M+20.7%	$60.1M+177.5%	$21.7M-56.0%	$49.2Mn/m	-$47.6Mn/m	-$104.7M-325.4%	$46.5Mn/m	-$24.6M-259.0%	$15.4Mn/m	-$236.4M-278.0%	$132.8M+4.2%	$127.5M
Investing Cash Flow	-$348.0Mn/m	-$782.1Mn/m	-$253.0Mn/m	-$316.2Mn/m	-$106.3Mn/m	-$83.9Mn/m	-$17.0Mn/m	-$67.9Mn/m	-$187.2M-3806.4%	$5.1Mn/m	-$149.3Mn/m	-$123.3Mn/m	-$382.7Mn/m	-$109.7Mn/m	-$120.0M
Financing Cash Flow	-$53.8M-115.4%	$349.3Mn/m	-$233.2Mn/m	-$184.4Mn/m	-$32.2Mn/m	-$9.9Mn/m	-$84.4M-371.5%	$31.1M-77.6%	$138.6Mn/m	-$76.3Mn/m	-$46.7M-396.4%	$15.8M-94.4%	$281.0Mn/m	-$85.3Mn/m	-$10.7M
Dividends Paid	$6.0M-2.9%	$6.1M-0.5%	$6.2M0.0%	$6.2M+33.5%	$4.6M-41.4%	$7.9M-41.9%	$13.6M+32.1%	$10.3Mn/m	$0n/m	$0-100.0%	$132.3M-4.8%	$139.0M+13.6%	$122.4M+14.5%	$106.9M+11.9%	$95.5M
Share Buybacks	N/A	N/A	N/A	N/A	$0n/m	$0-100.0%	$4.5Mn/m	$0n/m	$0	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'266-K	Q1'266-K	Q4'256-K	Q2'256-K	Q1'256-K	Q4'2420-F	Q2'246-K	Q1'246-K
Depreciation & Amortization	$83.0M+2.7%	N/A	N/A	$80.8M+11.9%	N/A	N/A	$72.2M+33.6%	N/A

Not reported in any period shown, so not listed: Operating Cash Flow, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

NMM 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.

NMM quarterly financial ratios

Metric	FY2520-F	FY2420-F	FY2320-F	FY2220-F	FY2120-F	FY2020-F	FY1920-F	FY1820-F	FY1720-F	FY1620-F	FY1520-F	FY1420-F	FY1320-F	FY1220-F	FY1120-F
Gross Margin	90.5%+1.5pp	89.0%+1.3pp	87.7%-2.1pp	89.9%-5.1pp	94.9%-0.2pp	95.1%+0.8pp	94.4%-1.3pp	95.7%-2.4pp	98.0%+1.0pp	97.0%+0.2pp	96.8%+3.5pp	93.2%+0.8pp	92.5%-1.2pp	93.7%+0.9pp	92.8%
Net Margin	21.2%-6.3pp	27.5%-5.6pp	33.2%-14.7pp	47.9%-24.5pp	72.4%+102.6pp	-30.2%-1.9pp	-28.3%-22.7pp	-5.7%+1.5pp	-7.1%+20.4pp	-27.6%-46.3pp	18.7%-14.2pp	32.9%+3.1pp	29.8%-16.9pp	46.7%+11.7pp	34.9%
Return on Equity	8.5%-3.3pp	11.8%-3.8pp	15.7%-9.1pp	24.7%-4.5pp	29.2%+39.6pp	-10.5%-1.9pp	-8.5%-6.9pp	-1.7%+0.3pp	-2.0%+5.8pp	-7.7%-13.4pp	5.7%-4.3pp	10.0%+1.6pp	8.3%-7.1pp	15.5%+3.8pp	11.7%
Return on Assets	4.8%-1.7pp	6.5%-2.0pp	8.4%-3.4pp	11.8%-2.4pp	14.2%+19.9pp	-5.7%-0.7pp	-5.0%-4.0pp	-1.0%+0.2pp	-1.2%+3.0pp	-4.1%-7.2pp	3.1%-2.5pp	5.6%+0.9pp	4.7%-5.3pp	10.0%+2.9pp	7.2%
Current Ratio	1.130.0x	1.08+0.2x	0.87+0.4x	0.50-0.1x	0.57+0.3x	0.24-0.7x	0.95-1.2x	2.12+1.0x	1.11+0.5x	0.57-0.4x	0.96-2.9x	3.83+0.3x	3.49+2.3x	1.160.0x	1.12
Debt-to-Equity	0.290.0x	0.300.0x	0.270.0x	0.29-0.1x	0.360.0x	0.35-0.1x	0.48-0.1x	0.590.0x	0.61-0.1x	0.66-0.1x	0.780.0x	0.750.0x	0.75+0.3x	0.45-0.1x	0.52
Liabilities-to-Equity	0.77-0.1x	0.830.0x	0.86-0.2x	1.090.0x	1.05+0.2x	0.84+0.1x	0.720.0x	0.690.0x	0.70-0.2x	0.860.0x	0.84+0.1x	0.790.0x	0.77+0.2x	0.54-0.1x	0.63
Asset Turnover	0.230.0x	0.240.0x	0.250.0x	0.25+0.1x	0.200.0x	0.190.0x	0.170.0x	0.180.0x	0.160.0x	0.150.0x	0.170.0x	0.170.0x	0.16-0.1x	0.220.0x	0.21
FCF Margin	20.9%+40.7pp	-19.8%-48.6pp	28.9%+22.9pp	6.0%-2.4pp	8.4%-1.1pp	9.6%-12.9pp	22.4%+43.0pp	-20.6%+28.9pp	-49.5%-73.9pp	24.4%+35.4pp	-11.0%-17.8pp	6.8%	-119.3%	64.6%-3.5pp	68.2%

Metric	Q2'266-K	Q1'266-K	Q4'256-K	Q2'256-K	Q1'256-K	Q4'2420-F	Q2'246-K	Q1'246-K
Gross Margin	88.9%-1.6pp	N/A	N/A	90.5%+2.2pp	N/A	N/A	88.3%+0.4pp	N/A
Net Margin	40.9%+19.6pp	N/A	N/A	21.3%-8.3pp	N/A	N/A	29.7%-2.7pp	N/A
Return on Equity	4.7%+2.5pp	N/A	N/A	2.2%-1.3pp	N/A	N/A	3.5%-0.9pp	N/A
Return on Assets	2.7%+1.5pp	N/A	N/A	1.2%-0.7pp	N/A	N/A	1.9%-0.4pp	N/A
Current Ratio	1.53+0.4x	N/A	1.130.0x	1.09+0.4x	N/A	1.08+0.2x	0.69-0.1x	N/A
Debt-to-Equity	0.270.0x	N/A	0.290.0x	0.31+0.1x	N/A	0.300.0x	0.23-0.1x	N/A
Liabilities-to-Equity	0.74-0.1x	N/A	0.77-0.1x	0.840.0x	N/A	0.830.0x	0.82-0.1x	N/A
Asset Turnover	0.070.0x	N/A	N/A	0.060.0x	N/A	N/A	0.060.0x	N/A

Not reported in any period shown, so not listed: Operating Margin, 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
Navios Maritime Partners L.P. NMM	FY2025	$1.3B	$285.3M	21.2%	$2.6B	49/100
Danaos Corporation DAC	FY2025	$1.0B	$494.6M	47.4%	$2.9B	77/100
Costamare Inc. CMRE	FY2025	$877.9M	$364.6M	41.5%	$1.7B	61/100
ZIM Integrated Shipping Services Ltd. ZIM	FY2025	$6.9B	$479.2M	6.9%	$3.5B	57/100
Capital Clean Energy Carriers Corp. CCEC	FY2025	N/A	$170.8M	N/A	$1.2B	—

Where Navios Maritime Partners L.P. Ranks

Frequently Asked Questions

What is Navios Maritime Partners L.P.'s annual revenue?

Navios Maritime Partners L.P. (NMM) reported $1.3B in total revenue for fiscal year 2025. This represents a 0.8% 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 Navios Maritime Partners L.P.'s revenue growing?

Navios Maritime Partners L.P. (NMM) revenue grew by 0.8% year-over-year, from $1.3B to $1.3B in fiscal year 2025.

Is Navios Maritime Partners L.P. profitable?

Yes, Navios Maritime Partners L.P. (NMM) reported a net income of $285.3M in fiscal year 2025, with a net profit margin of 21.2%.

How much debt does Navios Maritime Partners L.P. have?

As of fiscal year 2025, Navios Maritime Partners L.P. (NMM) had $402.8M in cash and equivalents against $974.6M in long-term debt.

What is Navios Maritime Partners L.P.'s gross margin?

Navios Maritime Partners L.P. (NMM) had a gross margin of 90.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Navios Maritime Partners L.P.'s net profit margin?

Navios Maritime Partners L.P. (NMM) had a net profit margin of 21.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Navios Maritime Partners L.P.'s return on equity (ROE)?

Navios Maritime Partners L.P. (NMM) has a return on equity of 8.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Navios Maritime Partners L.P.'s free cash flow?

Navios Maritime Partners L.P. (NMM) generated $281.0M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Navios Maritime Partners L.P.'s operating cash flow?

Navios Maritime Partners L.P. (NMM) generated $505.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Navios Maritime Partners L.P.'s total assets?

Navios Maritime Partners L.P. (NMM) had $5.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Navios Maritime Partners L.P.'s capital expenditures?

Navios Maritime Partners L.P. (NMM) invested $223.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Navios Maritime Partners L.P. have outstanding?

Navios Maritime Partners L.P. (NMM) had 29M shares outstanding as of fiscal year 2025.

What is Navios Maritime Partners L.P.'s current ratio?

Navios Maritime Partners L.P. (NMM) had a current ratio of 1.13 as of fiscal year 2025, which is considered adequate.

What is Navios Maritime Partners L.P.'s debt-to-equity ratio?

Navios Maritime Partners L.P. (NMM) had a debt-to-equity ratio of 0.29 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

What is Navios Maritime Partners L.P.'s liabilities-to-equity ratio?

Navios Maritime Partners L.P. (NMM) had a liabilities-to-equity ratio of 0.77 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.

What is Navios Maritime Partners L.P.'s return on assets (ROA)?

Navios Maritime Partners L.P. (NMM) had a return on assets of 4.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Navios Maritime Partners L.P.'s P/E ratio?

Navios Maritime Partners L.P. (NMM) trades at 9.1x earnings, its market capitalization divided by $285.3M net income, FY2025. The market capitalization is $2.6B as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Navios Maritime Partners L.P.'s price-to-sales ratio?

Navios Maritime Partners L.P. (NMM) trades at 1.9x sales, its market capitalization divided by $1.3B revenue, FY2025. The market capitalization is $2.6B as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Navios Maritime Partners L.P.'s Piotroski F-Score?

Navios Maritime Partners L.P. (NMM) 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 Navios Maritime Partners L.P.'s earnings high quality?

Navios Maritime Partners L.P. (NMM) has an earnings quality ratio of 1.77x, 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.

How financially healthy is Navios Maritime Partners L.P.?

Navios Maritime Partners L.P. (NMM) scores 49 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average 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. For Navios Maritime Partners L.P. it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. 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.