Costamare (CMRE) financial statements
Costamare reported revenue of $878M in fiscal 2025, up 7.2% a year over 9 years.
Net income was $365M and the operating margin 52.0%, against 35.5% in 2016.
The diluted share count rose 56% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Costamare's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $468M | $412M | $380M | $478M | $460M | $794M | $1.1B | $848M | $888M | $878M |
| Selling, general and admin | $7M | $3M | $3M | $3M | $4M | $7M | $10M | $10M | $13M | $10M |
| Operating income | $166M | $137M | $117M | $173M | $60M | $441M | $662M | $595M | $490M | $456M |
| Interest expense | $50M | $56M | $61M | $88M | $67M | $72M | $107M | $127M | $117M | $90M |
| Net income | $82M | $73M | $67M | $99M | $9M | $435M | $555M | $386M | $320M | $365M |
| EPS (diluted) | $0.79 | $0.52 | $0.33 | $0.59 | -$0.18 | $3.28 | $4.26 | $2.95 | $2.44 | $2.86 |
| Diluted shares | 77M | 101M | 0M | 116M | 121M | 123M | 123M | 120M | 119M | 120M |
| Operating margin | 35.5% | 33.2% | 30.8% | 36.2% | 13.1% | 55.6% | 59.5% | 70.1% | 55.1% | 52.0% |
| Net margin | 17.5% | 17.7% | 17.7% | 20.7% | 1.9% | 54.8% | 49.8% | 45.5% | 36.0% | 41.5% |
Balance sheet
Fiscal years, from Costamare's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $165M | $179M | $114M | $149M | $144M | $276M | $838M | $728M | $675M | $539M |
| Receivables | $971,000 | $1M | $6M | $7M | $8M | $21M | $27M | $51M | $46M | — |
| Inventory | $11M | $10M | $11M | $11M | $10M | $21M | $28M | $61M | $13M | $14M |
| Total current assets | $210M | $227M | $171M | $197M | $192M | $426M | $1.0B | $1.1B | $1.0B | $691M |
| Property, plant and equipment | $2.1B | $2.0B | $2.6B | $2.6B | $2.6B | $3.8B | $3.7B | $3.4B | $3.4B | — |
| Total assets | $2.6B | $2.5B | $3.1B | $3.0B | $3.0B | $4.4B | $4.9B | $5.3B | $5.1B | $3.9B |
| Total current liabilities | $280M | $277M | $225M | $267M | $207M | $370M | $423M | $663M | $746M | $399M |
| Long-term debt | $856M | $645M | $1.2B | $1.2B | $1.3B | $2.2B | $2.3B | $2.0B | $1.4B | $1.2B |
| Total liabilities | $1.5B | $1.3B | $1.7B | $1.6B | $1.7B | $2.7B | $2.7B | $2.8B | $2.6B | $1.7B |
| Shareholders' equity | $1.1B | $1.2B | $1.4B | $1.4B | $1.3B | $1.7B | $2.2B | $2.4B | $2.5B | $2.1B |
| Net debt | $890M | $672M | $1.2B | $1.3B | $1.3B | $2.2B | $1.9B | $1.6B | $1.0B | $995M |
Cash flow
Fiscal years, from Costamare's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $221M | $192M | $141M | $250M | $274M | $466M | $582M | $331M | $538M | $537M |
| Stock-based compensation | $5M | $4M | $4M | $4M | $4M | $7M | $7M | $6M | $8M | $7M |
| Dividends paid | $75M | $38M | $49M | $59M | $65M | $71M | $120M | $72M | $74M | $79M |
| Share buybacks (net) | — | — | — | — | $0 | $0 | -$60M | -$60M | $0 | $0 |
| Net borrowing | -$265M | — | — | — | — | — | — | — | — | — |
| Dividends per share | $0.97 | $0.38 | $0.45 | $0.51 | $0.54 | $0.58 | $0.97 | $0.60 | $0.62 | $0.66 |
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What was Costamare's revenue in 2025?
$878M in fiscal 2025, from its 10-K filing.
From Costamare's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.