CMRE revenueFY2025$877.90M
- FY YoY
- -1.2%
- 5Y CAGR
- +13.8%
CMRE revenue was $877.90M for fiscal 2025 (ended Dec 31, 2025), down 1.2% from fiscal 2024. Compound annual growth was +13.8% over 5 years. It rose in 4 of the last 9 fiscal years.
Costamare Inc. (CMRE) financials
For fiscal 2025 (ended Dec 31, 2025), Costamare Inc. reported $877.90M of revenue and $364.57M of net income.
- Revenue, FY2025
- $877.90M
- Revenue growth, YoY
- -1.2%
- Net income, FY2025
- $364.57M
- Net income growth, YoY
- +14.0%
- Net margin
- 41.5%
- Cash
- $519.85M
- Total debt
- $1.51B
- P/E
- 4.23
- P/S
- 1.76
- Market cap
- $1.54B
FY2016FY2025
FY2016FY2025
CMRE revenue and earnings growth
CMRE net incomeFY2025$364.57M
- FY YoY
- +14.0%
- 5Y CAGR
- +110.2%
- 10Y CAGR
- +9.8%
CMRE net income was $364.57M for fiscal 2025 (ended Dec 31, 2025), up 14.0% from fiscal 2024. Compound annual growth was +110.2% over 5 years and +9.8% over 10 years. It rose in 4 of the last 10 fiscal years.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $877.90M | $888.49M | $848.29M | $1.11B | $793.64M | $460.32M | $478.11M | $380.40M | $412.43M | $468.19M |
| Selling, general and admin | $10.10M | $13.30M | $9.68M | $9.74M | $6.87M | $4.10M | $3.05M | $2.91M | $3.15M | $7.27M |
| Operating income | $456.19M | $489.70M | $594.97M | $662.25M | $441.35M | $60.33M | $173.12M | $117.16M | $137.01M | $166.06M |
| Interest expense | $90.16M | $117.07M | $126.79M | $107.20M | $72.26M | $66.53M | $88.29M | $61.41M | $55.92M | $49.88M |
| Net income | $364.57M | $319.92M | $385.75M | $554.96M | $435.12M | $8.88M | $99.00M | $67.24M | $72.88M | $81.70M |
| EPS, basic | $2.86 | $2.44 | $2.95 | $4.26 | $3.28 | -$0.18 | $0.59 | $0.33 | $0.52 | $0.79 |
| EPS, diluted | - | - | - | - | $3.28 | -$0.18 | $0.59 | $0.33 | $0.52 | $0.79 |
| Diluted shares | - | - | - | - | 123.1M | 120.7M | 115.7M | 110.4M | 100.5M | 77.2M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $519.85M | $656.88M | $710.61M | $718.05M | $276.00M | $143.92M | $148.93M | $113.71M | $178.99M | $164.90M |
| Short-term investments | $19.28M | $18.50M | $17.49M | $120.01M | $0 | - | - | - | - | - |
| Receivables | - | $45.51M | $50.68M | $26.94M | $20.98M | $8.25M | $7.40M | $5.63M | $1.32M | $971.0K |
| Inventory | $14.12M | $13.16M | $61.27M | $28.04M | $21.36M | $10.46M | $10.55M | $11.02M | $9.66M | $11.41M |
| Current assets | $690.67M | $1.04B | $1.12B | $1.01B | $426.12M | $192.05M | $197.24M | $170.77M | $226.63M | $209.83M |
| Total assets | $3.86B | $5.15B | $5.29B | $4.90B | $4.41B | $3.01B | $3.01B | $3.05B | $2.49B | $2.56B |
| Current liabilities | $398.57M | $745.56M | $662.77M | $423.09M | $370.03M | $206.97M | $266.53M | $224.67M | $276.71M | $279.99M |
| Short-term debt | $268.13M | $287.36M | $347.03M | $320.11M | $272.37M | $147.14M | $210.75M | $149.16M | $206.32M | $198.28M |
| Long-term debt | $1.25B | $1.41B | $2.00B | $2.26B | $2.17B | $1.31B | $1.21B | $1.16B | $644.66M | $856.33M |
| Total debt | $1.51B | $1.70B | $2.35B | $2.58B | $2.44B | $1.45B | $1.42B | $1.31B | $850.98M | $1.05B |
| Total liabilities | $1.70B | $2.58B | $2.85B | $2.74B | $2.68B | $1.66B | - | - | - | - |
| Shareholders' equity | $2.09B | $2.51B | $2.44B | $2.16B | $1.73B | $1.35B | $1.41B | $1.36B | $1.22B | $1.07B |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $536.87M | $586.87M | $523.58M | $581.59M | $466.49M | $274.28M | $250.39M | $140.78M | $191.75M | $220.56M |
| Investing cash flow | -$179.01M | -$32.75M | -$11.29M | $42.49M | -$787.46M | -$36.40M | -$8.86M | -$112.64M | -$43.44M | -$28.40M |
| Financing cash flow | -$507.59M | -$613.92M | -$425.42M | -$166.05M | $482.59M | -$241.86M | -$212.15M | -$80.53M | -$140.00M | -$144.43M |
| Dividends paid | $79.29M | $74.15M | $71.87M | $119.55M | $71.26M | $65.47M | $58.66M | $49.14M | $37.76M | $75.00M |
| Share repurchases | $0 | $0 | $60.00M | $60.09M | $0 | $0 | - | - | - | - |
| Stock-based compensation | $6.98M | $8.43M | $5.85M | $7.09M | $7.41M | $3.65M | $3.88M | $3.75M | $3.87M | $4.95M |
| Depreciation and amortization | $129.54M | $126.82M | $126.72M | $166.00M | $136.96M | $108.70M | $113.46M | $96.26M | $96.45M | $100.94M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -1.2% | 4.7% | -23.8% | 40.3% | 72.4% | -3.7% | 25.7% | -7.8% | -11.9% | - |
| Net income growth, YoY | 14.0% | -17.1% | -30.5% | 27.5% | 4801.7% | -91.0% | 47.2% | -7.7% | -10.8% | -43.2% |
| EPS growth, YoY | - | - | - | - | - | - | 78.8% | -36.5% | -34.2% | -53.0% |
| Operating margin | 52.0% | 55.1% | 70.1% | 59.5% | 55.6% | 13.1% | 36.2% | 30.8% | 33.2% | 35.5% |
| Net margin | 41.5% | 36.0% | 45.5% | 49.8% | 54.8% | 1.9% | 20.7% | 17.7% | 17.7% | 17.5% |
| Return on equity | 17.5% | 12.7% | 15.8% | 25.7% | 25.2% | 0.7% | 7.0% | 5.0% | 6.0% | 7.6% |
| Return on assets | 9.4% | 6.2% | 7.3% | 11.3% | 9.9% | 0.3% | 3.3% | 2.2% | 2.9% | 3.2% |
| Current ratio | 1.73 | 1.40 | 1.69 | 2.40 | 1.15 | 0.93 | 0.74 | 0.76 | 0.82 | 0.75 |
| Debt to equity | 0.73 | 0.68 | 0.96 | 1.20 | 1.41 | 1.08 | 1.00 | 0.96 | 0.70 | 0.98 |
Source: XBRL data Costamare Inc. files with the SEC, latest filing dated Mar 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
CMRE peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| CMRE | $877.90M | -1.2% | $364.57M | 41.5% | $1.54B |
| GD | $56.52B | +9.7% | $4.66B | 8.2% | $97.84B |
| RCL | $19.13B | +9.7% | $4.55B | 23.8% | $90.13B |
| CCL | $27.59B | +5.2% | $3.14B | 11.4% | $41.43B |
| VIK | $6.50B | +21.9% | $1.15B | 17.7% | $38.86B |
| BIP | $23.10B | +9.8% | $2.53B | 11.0% | $18.16B |
| HII | $13.53B | +12.6% | $733.00M | 5.4% | $11.99B |
| FRO | $1.97B | -8.8% | $379.08M | 19.2% | $9.86B |
| NCLH | $10.16B | +4.9% | $832.94M | 8.2% | $8.46B |
CMRE FAQ
6 questionsWhat is CMRE revenue?
Costamare Inc. (CMRE) reported $877.90M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 1.2% from the year before.Is CMRE profitable?
Yes. Costamare Inc. earned $364.57M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 41.5%.How much cash and debt does CMRE have?
Costamare Inc. reported $519.85M in cash and cash equivalents and $1.51B of debt on its most recent balance sheet in SEC filings.How fast is CMRE revenue growing?
Costamare Inc.'s revenue changed -1.2% in fiscal 2025, to $877.90M. Its compound annual growth rate was +13.8% over 5 years.When did CMRE last report financial results?
The latest statements here come from Costamare Inc.'s 20-F filed on Mar 4, 2026, covering the period ended Dec 31, 2025.Where does this CMRE financial data come from?
Quantisnow builds these statements from the structured XBRL data Costamare Inc. files with the SEC. It is provided for information only and is not investment advice.