For fiscal 2025 (ended Dec 31, 2025), Navios Maritime Partners LP reported $1.34B of revenue and $285.33M of net income.
NMM revenue was $1.34B for fiscal 2025 (ended Dec 31, 2025), up 0.8% from fiscal 2024. Compound annual growth was +42.7% over 5 years and +19.6% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.
NMM net income was $285.33M for fiscal 2025 (ended Dec 31, 2025), down 22.3% from fiscal 2024. Compound annual growth was +21.2% over 10 years. It rose in 1 of the last 4 fiscal years.
| 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 | $1.34B | $1.33B | $1.31B | $1.21B | $713.17M | $226.77M | $219.38M | $231.36M | $211.65M | $190.52M |
| Cost of revenue | $127.76M | $146.43M | $160.23M | $122.63M | $36.14M | $11.03M | $12.33M | $10.02M | $4.16M | $5.67M |
| Gross profit | $1.22B | $1.19B | $1.15B | $1.09B | $677.03M | $215.74M | $207.05M | $221.34M | $207.49M | $184.85M |
| Selling, general and admin | $92.03M | $85.17M | $80.56M | $67.18M | $41.46M | $24.01M | $20.98M | $18.46M | $17.16M | $12.35M |
| Net income | $285.33M | $367.31M | $433.64M | $579.25M | $516.19M | -$68.54M | -$62.13M | -$13.08M | -$15.09M | -$52.55M |
| 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 | $402.78M | $270.17M | $249.18M | $175.10M | $169.45M | $30.73M | $30.40M | $61.45M | $29.93M | $25.09M |
| Receivables | $34.07M | $33.40M | $42.24M | $75.03M | $23.77M | $16.97M | $11.29M | $14.44M | $14.12M | $10.02M |
| Inventory | $31.94M | $32.79M | $37.57M | $32.67M | $21.07M | $6.27M | $6.28M | $1.00M | $220.0K | $220.0K |
| Current assets | $512.05M | $442.99M | $399.75M | $310.42M | $226.34M | $60.78M | $75.99M | $111.11M | $60.31M | $56.35M |
| Total assets | $5.93B | $5.67B | $5.15B | $4.90B | $3.62B | $1.21B | $1.25B | $1.31B | $1.31B | $1.27B |
| Current liabilities | $455.15M | $409.67M | $459.60M | $617.74M | $395.50M | $253.25M | $79.78M | $52.33M | $54.25M | $98.95M |
| Short-term debt | $133.77M | $163.23M | $146.34M | $174.14M | $172.85M | $195.56M | $53.97M | $25.11M | $26.59M | $74.03M |
| Long-term debt | $974.58M | $917.10M | $751.78M | $689.69M | $640.94M | $228.54M | $346.45M | $458.56M | $466.88M | $449.75M |
| Total debt | $1.11B | $1.08B | $898.12M | $863.83M | $813.78M | $424.10M | $400.42M | $483.67M | $493.46M | $523.78M |
| Total liabilities | $2.59B | $2.57B | $2.38B | $2.55B | $1.85B | $552.44M | $525.50M | $537.38M | $537.59M | $588.37M |
| 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 | $504.99M | $483.48M | $560.32M | $506.34M | $277.17M | $94.09M | $70.39M | $68.32M | $53.50M | $61.81M |
| Capital expenditures | - | - | $182.90M | $433.78M | $217.03M | $72.42M | $21.17M | $115.90M | $158.24M | $15.34M |
| Free cash flow | - | - | $377.42M | $72.56M | $60.14M | $21.67M | $49.23M | -$47.58M | -$104.74M | $46.47M |
| Investing cash flow | -$348.05M | -$782.13M | -$253.01M | -$316.24M | -$106.25M | -$83.85M | -$17.03M | -$67.89M | -$187.21M | $5.05M |
| Financing cash flow | -$53.76M | $349.26M | -$233.22M | -$184.45M | -$32.20M | -$9.91M | -$84.41M | $31.09M | $138.56M | -$76.31M |
| Dividends paid | $5.96M | $6.13M | $6.16M | $6.16M | $4.62M | $7.87M | $13.55M | $10.26M | $0 | $0 |
| Stock-based compensation | $0 | $0 | $4.0K | $154.0K | $523.0K | $946.0K | $2.02M | $2.45M | $1.90M | $93.0K |
| Depreciation and amortization | $348.93M | $292.08M | $261.14M | $201.82M | $112.82M | $56.05M | $53.26M | $58.33M | $72.76M | $92.37M |
| 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 | 0.8% | 2.1% | 8.0% | 69.7% | 214.5% | 3.4% | -5.2% | 9.3% | 11.1% | -14.8% |
| Net income growth, YoY | -22.3% | -15.3% | -25.1% | 12.2% | - | - | - | - | - | - |
| Gross margin | 90.5% | 89.0% | 87.7% | 89.9% | 94.9% | 95.1% | 94.4% | 95.7% | 98.0% | 97.0% |
| Net margin | 21.2% | 27.5% | 33.2% | 47.9% | 72.4% | -30.2% | -28.3% | -5.7% | -7.1% | -27.6% |
| Free cash flow margin | - | - | 28.9% | 6.0% | 8.4% | 9.6% | 22.4% | -20.6% | -49.5% | 24.4% |
| Return on assets | 4.8% | 6.5% | 8.4% | 11.8% | 14.2% | -5.7% | -5.0% | -1.0% | -1.2% | -4.1% |
| Current ratio | 1.13 | 1.08 | 0.87 | 0.50 | 0.57 | 0.24 | 0.95 | 2.12 | 1.11 | 0.57 |
| Line item | Dec 31, 2023 |
|---|---|
| Cash and equivalents | $249.18M |
| Receivables | $42.24M |
| Inventory | $37.57M |
| Current assets | $399.75M |
| Total assets | $5.15B |
| Current liabilities | $459.60M |
| Short-term debt | $146.34M |
| Long-term debt | $751.78M |
| Total debt | $898.12M |
| Total liabilities | $2.38B |
| Line item | Dec 31, 2023 |
|---|---|
| Capital expenditures | $154.77M |
| Line item | Dec 31, 2023 |
|---|---|
| Current ratio | 0.87 |
Source: XBRL data Navios Maritime Partners LP files with the SEC, latest filing dated Mar 12, 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.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| NMM | $1.34B | +0.8% | $285.33M | 21.2% | $2.47B |
| 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 |