Costamare (CMRE) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
2.1B
Gross Profit
556.7M
26.71%
Operating Income
463.9M
22.26%
Net Income
316.3M
15.18%
EPS (Diluted)
$2.44
Balance Sheet Metrics
Total Assets
5.1B
Total Liabilities
2.6B
Shareholders Equity
2.6B
Debt to Equity
1.00
Cash Flow Metrics
Operating Cash Flow
491.1M
Free Cash Flow
257.2M
Revenue & Profitability Trend
Costamare Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 2.1B | 1.5B | 1.1B | 793.6M | 460.3M |
| Cost of Goods Sold | 1.5B | 1.1B | 513.2M | 351.8M | 248.7M |
| Gross Profit | 556.7M | 436.4M | 600.7M | 441.9M | 211.6M |
| Operating Expenses | 92.7M | 80.5M | 66.3M | 46.4M | 32.6M |
| Operating Income | 463.9M | 356.0M | 534.4M | 395.4M | 179.0M |
| Pre-tax Income | 316.3M | 381.0M | 554.7M | 435.1M | 8.9M |
| Income Tax | - | - | - | - | - |
| Net Income | 316.3M | 381.0M | 554.7M | 435.1M | 8.9M |
| EPS (Diluted) | $2.44 | $2.95 | $4.26 | $3.28 | -$0.18 |
Income Statement Trend
Costamare Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 1.0B | 1.1B | 1.0B | 426.1M | 192.0M |
| Non-Current Assets | 4.1B | 4.2B | 3.9B | 4.0B | 2.8B |
| Total Assets | 5.1B | 5.3B | 4.9B | 4.4B | 3.0B |
| Liabilities | |||||
| Current Liabilities | 745.6M | 662.8M | 423.1M | 370.0M | 207.0M |
| Non-Current Liabilities | 1.8B | 2.2B | 2.3B | 2.3B | 1.5B |
| Total Liabilities | 2.6B | 2.8B | 2.7B | 2.7B | 1.7B |
| Equity | |||||
| Total Shareholders Equity | 2.6B | 2.4B | 2.2B | 1.7B | 1.3B |
Balance Sheet Composition
Costamare Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 316.3M | 381.0M | 554.7M | 435.1M | 8.9M |
| Operating Cash Flow | 491.1M | 510.6M | 686.7M | 561.8M | 151.0M |
| Investing Activities | |||||
| Capital Expenditures | -90.8M | -39.3M | 158.4M | -869.5M | -71.6M |
| Investing Cash Flow | -79.5M | 79.1M | 42.5M | -787.5M | -36.4M |
| Financing Activities | |||||
| Dividends Paid | -74.1M | -71.9M | -119.5M | -71.3M | -65.5M |
| Financing Cash Flow | -505.5M | -396.8M | -166.1M | 482.6M | -241.9M |
| Free Cash Flow | 257.2M | 49.0M | 519.7M | -525.6M | 172.4M |
Cash Flow Trend
Costamare Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
3.91
Forward P/E
3.24
Price to Book
0.44
Price to Sales
0.68
PEG Ratio
3.24
Profitability Ratios
Profit Margin
15.49%
Operating Margin
25.16%
Return on Equity
12.15%
Return on Assets
5.62%
Financial Health
Current Ratio
1.55
Debt to Equity
86.06
Beta
1.12
Per Share Data
EPS (TTM)
$2.44
Book Value per Share
$21.56
Revenue per Share
$17.18
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| cmre | 1.4B | 3.91 | 0.44 | 12.15% | 15.49% | 86.06 |
| Kirby | 6.6B | 23.18 | 2.00 | 8.96% | 9.02% | 0.38 |
| Matson | 3.7B | 7.48 | 1.40 | 20.48% | 14.72% | 26.81 |
| Star Bulk Carriers | 2.1B | 9.26 | 0.84 | 11.09% | 18.62% | 57.83 |
| BW LPG | 1.9B | 6.81 | 1.09 | 17.41% | 7.63% | 58.91 |
| Danaos | 1.6B | 3.67 | 0.48 | 14.14% | 46.33% | 22.04 |
Financial data is updated regularly. All figures are in the company's reporting currency.