CMRE - Costamare Inc.
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$13.00
DETAILS
HIGH:
$14.00
LOW:
$12.00
MEDIAN:
$13.00
CONSENSUS:
$13.00
DOWNSIDE:
20.83%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||
| Revenue | 877.9 | 2,083.9 | 1,511.4 | 1,113.9 | 793.6 | 460.3 | 478.1 | 380.4 | 412.4 | 468.2 | 490.4 | 484.0 | 414.2 | 386.2 | 382.2 | 353.2 | 399.9 | 426.3 |
| Cost of Revenue | 375.1 | 1,527.2 | 1,075.0 | 513.2 | 351.8 | 248.7 | 249.1 | 231.3 | 222.0 | 226.8 | 237.7 | 245.7 | 220.7 | 209.4 | 117.5 | 104.8 | 117.6 | 152.1 |
| Gross Profit | 502.8 | 556.7 | 436.4 | 600.7 | 441.9 | 211.6 | 229.0 | 149.1 | 190.4 | 241.4 | 252.6 | 238.3 | 193.6 | 176.8 | 264.7 | 248.3 | 282.3 | 274.3 |
| Operating Expenses | ||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 48.9 | 33.5 | 24.2 | 19.5 | 16.8 | 11.0 | 9.4 | 9.2 | 9.5 | 14.7 | 17.4 | 7.7 | 8.5 | 4.0 | 20.3 | 22.4 | 13.9 | 16.1 |
| Other Expenses | 0 | 60.9 | (55.8) | (81.1) | (16.3) | 140.3 | 46.5 | 0.3 | 0.6 | 0.6 | 0.4 | 3.3 | 0.8 | (0.0) | 73.9 | 70.0 | 76.8 | 78.6 |
| Operating Expenses | 48.9 | 94.4 | (31.6) | (61.6) | 0.5 | 151.3 | 55.9 | 28.7 | 28.2 | 33.3 | 36.3 | 26.2 | 25.1 | 19.2 | 94.2 | 92.4 | 90.8 | 94.8 |
| Operating Income | ||||||||||||||||||
| Operating Income | 453.9 | 462.3 | 468.0 | 662.2 | 441.4 | 60.3 | 173.1 | 117.2 | 137.0 | 166.1 | 217.9 | 214.7 | 169.0 | 154.9 | 170.7 | 155.9 | 191.6 | 179.5 |
| Interest Expense | 91.4 | 150.3 | 152.1 | 107.2 | 71.8 | 67.4 | 90.9 | 64.0 | 72.1 | 61.2 | 47.8 | 49.5 | 26.1 | 21.5 | 75.4 | 71.9 | 86.8 | 68.4 |
| Interest Income | 19.3 | 33.2 | 32.4 | 6.0 | 1.6 | 1.8 | 3.3 | 3.5 | 2.6 | 1.6 | 1.4 | 0.8 | 0.5 | 1.5 | 0.5 | 1.4 | 2.7 | 5.6 |
| Profitability | ||||||||||||||||||
| EBITDA | 603.3 | 619.9 | 699.3 | 828.1 | 643.5 | 181.0 | 298.5 | 222.7 | 245.6 | 251.7 | 290.5 | 313.7 | 215.0 | 181.5 | 190.2 | 180.3 | 261.2 | 258.5 |
| EBIT | 453.9 | 456.3 | 533.1 | 661.9 | 506.9 | 72.1 | 184.8 | 119.2 | 141.5 | 142.9 | 188.8 | 159.6 | 125.0 | 101.1 | 103.3 | 99.1 | 191.6 | 179.5 |
| Income Before Tax | 396.5 | 316.3 | 381.0 | 554.7 | 435.1 | 8.9 | 99.0 | 67.2 | 72.9 | 81.7 | 143.8 | 115.1 | 103.1 | 81.1 | 116.9 | 99.8 | 201.1 | 162.6 |
| Income Tax Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 82.9 | 83.1 | 78.0 | 81.4 |
| Net Income | 364.6 | 319.9 | 385.7 | 555.0 | 435.1 | 8.9 | 99.0 | 67.2 | 72.9 | 81.7 | 143.8 | 115.1 | 103.1 | 81.1 | 87.6 | 81.2 | 116.9 | 99.8 |
| Per Share Data | ||||||||||||||||||
| EPS (Basic) | 2.86 | 2.44 | 2.95 | 4.26 | 3.28 | -0.18 | 0.59 | 0.61 | 0.52 | 0.79 | 1.68 | 1.38 | 1.36 | 1.20 | 1.45 | 1.65 | 2.49 | 2.12 |
| EPS (Diluted) | 2.86 | 2.44 | 2.95 | 4.26 | 3.28 | -0.18 | 0.59 | 0.61 | 0.52 | 0.79 | 1.68 | 1.38 | 1.36 | 1.20 | 1.45 | 1.65 | 2.49 | 2.12 |
| Shares Outstanding | 120.2 | 119.3 | 120.3 | 123.0 | 123.1 | 120.7 | 115.7 | 110.4 | 100.5 | 77.2 | 75.0 | 74.8 | 74.8 | 67.6 | 60.3 | 49.1 | 47 | 47 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||
| Cash & Cash Equivalents | 528.0 | 704.6 | 745.5 | 718.0 | 276.0 | 148.9 | 155.8 | 113.7 | 179.0 | 164.9 | 12.3 | 90.3 |
| Short-Term Investments | 19.3 | 61.8 | 67.5 | 120.0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.2 | 0 |
| Net Receivables | 24.2 | 75.3 | 83.0 | 47.1 | 32.3 | 10.9 | 16.8 | 16.8 | 8.9 | 7.7 | 4.2 | 9.2 |
| Inventory | 14.1 | 57.7 | 61.3 | 28.0 | 21.4 | 10.5 | 10.5 | 11.0 | 9.7 | 11.4 | 11.5 | 12.6 |
| Other Current Assets | 105.1 | 140.8 | 160.4 | 101.4 | 87.9 | 21.7 | 14.1 | 20.5 | 20.4 | 17.1 | 10.5 | 7.3 |
| Total Current Assets | 690.7 | 1,040.2 | 1,117.7 | 1,014.6 | 426.1 | 192.1 | 197.2 | 170.8 | 226.6 | 209.8 | 48.3 | 121.5 |
| Non-Current Assets | ||||||||||||
| Property, Plant & Equipment | 2,739.0 | 3,722.8 | 3,770.4 | 3,666.9 | 3,841.5 | 2,649.6 | 2,620.3 | 2,608.7 | 1,995.2 | 2,073.2 | 1,465.6 | 1,572.1 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0.1 | 0.3 | 0.5 | 0.7 | 0 | 0 | 1.2 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 58.4 | 228.8 | 211.7 | 21.0 | 19.9 | 132.8 | 161.9 | 131.1 | 161.9 | 153.1 | 6.2 | 35.9 |
| Other Non-Current Assets | 374.6 | 156.8 | 187.0 | 193.3 | 118.9 | 36.1 | 32.5 | 57.1 | 106.6 | 122.3 | 190.2 | 86.0 |
| Total Non-Current Assets | 3,172.0 | 4,108.5 | 4,169.4 | 3,881.6 | 3,980.9 | 2,818.5 | 2,814.7 | 2,880.0 | 2,263.7 | 2,348.6 | 1,662.0 | 1,694.0 |
| Total Assets | 3,862.7 | 5,148.7 | 5,287.0 | 4,896.2 | 4,407.0 | 3,010.5 | 3,012.0 | 3,050.8 | 2,490.3 | 2,558.4 | 1,710.3 | 1,815.5 |
| Current Liabilities | ||||||||||||
| Account Payables | 11.3 | 49.4 | 46.8 | 18.2 | 18.9 | 7.6 | 6.2 | 8.6 | 6.3 | 3.8 | 8.8 | 3.8 |
| Short-Term Debt | 268.1 | 317.9 | 347.0 | 320.1 | 272.4 | 163.6 | 227.6 | 149.2 | 206.3 | 198.3 | 93.9 | 94.7 |
| Deferred Revenue | 42.6 | 47.8 | 52.2 | 25.2 | 23.8 | 11.9 | 10.4 | 12.4 | 15.3 | 19.7 | 2.1 | 6.6 |
| Other Current Liabilities | 76.5 | 62.7 | 10.4 | 5.7 | 9.3 | 23.9 | 22.4 | 2.6 | 5.1 | 18.0 | 54.8 | 36.3 |
| Total Current Liabilities | 398.6 | 745.6 | 662.8 | 423.1 | 370.0 | 207.0 | 266.5 | 224.7 | 276.7 | 280.0 | 183.3 | 287.5 |
| Non-Current Liabilities | ||||||||||||
| Long-Term Debt | 1,246.7 | 1,716.2 | 1,999.2 | 2,264.5 | 2,169.7 | 1,305.1 | 1,206.4 | 1,159.2 | 644.7 | 856.3 | 1,341.7 | 1,435.2 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (4.7) | (11.1) | (16.5) | 0 | 0 |
| Other Non-Current Liabilities | 15.3 | 16.3 | 20.4 | 13.7 | 7.8 | 3.7 | 0.4 | 0 | 0 | 0 | 28.9 | 99.7 |
| Total Non-Current Liabilities | 1,305.1 | 1,834.5 | 2,184.9 | 2,312.7 | 2,311.1 | 1,454.7 | 1,334.7 | 1,469.0 | 995.1 | 1,204.0 | 1,371.8 | 1,538.7 |
| Total Liabilities | 1,703.7 | 2,580.1 | 2,847.6 | 2,735.8 | 2,681.1 | 1,661.7 | 1,601.2 | 1,693.7 | 1,271.8 | 1,484 | 1,555.1 | 1,826.2 |
| Stockholders' Equity | ||||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0 |
| Retained Earnings | 868.7 | 1,279.6 | 1,045.9 | 746.7 | 341.5 | (9.7) | 60.6 | 38.7 | 43.7 | 31.4 | (156.2) | (232.9) |
| Accumulated Other Comprehensive Income | 4.3 | 17.3 | 21.4 | 46.4 | (2.2) | (8.0) | (1.2) | 4.5 | (1.0) | (14.4) | (60.6) | (103.4) |
| Total Stockholders' Equity | 2,086.2 | 2,513.5 | 2,382.5 | 2,156.9 | 1,725.9 | 1,348.8 | 1,410.7 | 1,357.1 | 1,218.5 | 1,074.4 | 155.2 | (10.8) |
| Total Liabilities & Equity | 3,862.7 | 5,148.7 | 5,287.0 | 4,896.2 | 4,407.0 | 3,010.5 | 3,012.0 | 3,050.8 | 2,490.3 | 2,558.4 | 1,710.3 | 1,815.5 |
| Debt Metrics | ||||||||||||
| Total Debt | 1,514.8 | 2,350.5 | 2,647.8 | 2,584.6 | 2,558.4 | 1,585.1 | 1,553.9 | 1,647.7 | 1,223.2 | 1,414.9 | 1,435.6 | 1,529.9 |
| Net Debt | 986.9 | 1,645.9 | 1,902.3 | 1,866.6 | 2,282.4 | 1,436.2 | 1,398.0 | 1,534.0 | 1,044.2 | 1,250.0 | 1,423.3 | 1,439.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 392.1 | 316.3 | 385.7 | 555.0 | 435.1 | 8.9 | 99.0 | 67.2 | 72.9 | 81.7 |
| Depreciation & Amortization | 149.3 | 163.6 | 166.1 | 179.5 | 136.5 | 108.9 | 113.7 | 96.3 | 96.4 | 100.9 |
| Stock-Based Compensation | 0 | 8.4 | 5.8 | 0 | 7.4 | 3.7 | 3.9 | 3.8 | 3.9 | 5.0 |
| Change in Working Capital | (1.6) | (22.5) | (140.0) | (41.6) | (16.8) | 20.5 | 0.6 | (43.3) | (20.3) | (18.9) |
| Other Non-Cash Items | 1.4 | 71.9 | (86.3) | (130.1) | 15.9 | 132.4 | 33.3 | 17.6 | 17.6 | 20.7 |
| Operating Cash Flow | 541.3 | 537.7 | 331.4 | 562.8 | 466.5 | 274.3 | 250.4 | 0.1 | 191 | 226.6 |
| Investing Activities | ||||||||||
| Capital Expenditure | (69.0) | (280.5) | (282.3) | (61.9) | (992.1) | (101.9) | (62.0) | (143.0) | (64.2) | (2.8) |
| Acquisitions | 4.4 | 0.3 | 4.4 | 224.1 | 8.8 | 33.0 | 24.5 | (2.8) | (9.9) | (35.3) |
| Purchases of Investments | (37.8) | (72.1) | (199.6) | (178.7) | 122.6 | 0 | 0 | (5.3) | (9.9) | (35.3) |
| Sales/Maturities of Investments | 37.6 | 72.0 | 305.7 | 60 | 64.0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (98.1) | 200.8 | 250.8 | 2.8 | 9.2 | 32.5 | 28.6 | 145.7 | 31.4 | 3.7 |
| Investing Cash Flow | (162.9) | (79.5) | 79.1 | 46.2 | (787.5) | (36.4) | (8.9) | (0.1) | (42.7) | (34.4) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (331.4) | (314.0) | (256.0) | 30.0 | 570.0 | (165.1) | (149.6) | (139.2) | (192.2) | (134.6) |
| Stock Repurchased | 0 | 0 | (60) | (60.1) | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (79.3) | (74.1) | (71.9) | (119.5) | (71.3) | (65.5) | (58.7) | (49.1) | (37.8) | (75.0) |
| Other Financing Activities | (175.3) | (3.0) | (9.0) | 0 | (16.1) | (9.6) | (3.9) | (3.4) | 4.0 | 13.1 |
| Financing Cash Flow | (586.0) | (505.5) | (396.8) | (149.7) | 482.6 | (241.9) | (212.2) | (80.5) | (134.2) | (127.4) |
| Cash Position | ||||||||||
| Net Change in Cash | (194.8) | (47.3) | 13.6 | 443.0 | 161.6 | (4.0) | 29.4 | (52.4) | 14.1 | 64.8 |
| Cash at Beginning | 722.8 | 825.2 | 811.6 | 284.9 | 191.9 | 195.9 | 166.5 | 218.9 | 164.9 | 100.1 |
| Cash at End | 528.0 | 777.9 | 825.2 | 727.8 | 353.5 | 191.9 | 195.9 | 166.5 | 179.0 | 164.9 |
| Free Cash Flow | 472.3 | 257.2 | 49.0 | 500.9 | (525.6) | 172.4 | 188.4 | (142.9) | 126.8 | 223.8 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||
| Revenue | 877.9 | 2,083.9 | 1,511.4 | 1,113.9 | 793.6 | 460.3 | 478.1 | 380.4 | 412.4 | 468.2 | 490.4 | 484.0 | 414.2 | 386.2 | 382.2 | 353.2 | 399.9 | 426.3 |
| Gross Profit | 502.8 | 556.7 | 436.4 | 600.7 | 441.9 | 211.6 | 229.0 | 149.1 | 190.4 | 241.4 | 252.6 | 238.3 | 193.6 | 176.8 | 264.7 | 248.3 | 282.3 | 274.3 |
| Operating Income | 453.9 | 462.3 | 468.0 | 662.2 | 441.4 | 60.3 | 173.1 | 117.2 | 137.0 | 166.1 | 217.9 | 214.7 | 169.0 | 154.9 | 170.7 | 155.9 | 191.6 | 179.5 |
| Net Income | 364.6 | 319.9 | 385.7 | 555.0 | 435.1 | 8.9 | 99.0 | 67.2 | 72.9 | 81.7 | 143.8 | 115.1 | 103.1 | 81.1 | 87.6 | 81.2 | 116.9 | 99.8 |
| EPS (Diluted) | 2.86 | 2.44 | 2.95 | 4.26 | 3.28 | -0.18 | 0.59 | 0.61 | 0.52 | 0.79 | 1.68 | 1.38 | 1.36 | 1.20 | 1.45 | 1.65 | 2.49 | 2.12 |
| Balance Sheet | ||||||||||||||||||
| Cash & Equivalents | 528.0 | 704.6 | 745.5 | 718.0 | 276.0 | 148.9 | 155.8 | 113.7 | 179.0 | 164.9 | 12.3 | 90.3 | ||||||
| Total Assets | 3,862.7 | 5,148.7 | 5,287.0 | 4,896.2 | 4,407.0 | 3,010.5 | 3,012.0 | 3,050.8 | 2,490.3 | 2,558.4 | 1,710.3 | 1,815.5 | ||||||
| Total Debt | 1,514.8 | 2,350.5 | 2,647.8 | 2,584.6 | 2,558.4 | 1,585.1 | 1,553.9 | 1,647.7 | 1,223.2 | 1,414.9 | 1,435.6 | 1,529.9 | ||||||
| Stockholders' Equity | 2,086.2 | 2,513.5 | 2,382.5 | 2,156.9 | 1,725.9 | 1,348.8 | 1,410.7 | 1,357.1 | 1,218.5 | 1,074.4 | 155.2 | (10.8) | ||||||
| Cash Flow | ||||||||||||||||||
| Operating Cash Flow | 541.3 | 537.7 | 331.4 | 562.8 | 466.5 | 274.3 | 250.4 | 0.1 | 191 | 226.6 | ||||||||
| Capital Expenditure | (69.0) | (280.5) | (282.3) | (61.9) | (992.1) | (101.9) | (62.0) | (143.0) | (64.2) | (2.8) | ||||||||
| Free Cash Flow | 472.3 | 257.2 | 49.0 | 500.9 | (525.6) | 172.4 | 188.4 | (142.9) | 126.8 | 223.8 | ||||||||