Navios Maritime Partners LP Unit (NMM) financial statements
Navios Maritime Partners LP Unit reported revenue of $1.3B in fiscal 2025, up 24.2% a year over 9 years.
Net income was $285M.
Free cash flow was $281M, and the company returned $6M in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Navios Maritime Partners LP Unit's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $191M | $212M | $231M | $219M | $227M | $713M | $1.2B | $1.3B | $1.3B | $1.3B |
| Cost of revenue | $6M | $4M | $10M | $12M | $11M | $36M | $123M | $160M | $146M | $128M |
| Gross profit | $185M | $207M | $221M | $207M | $216M | $677M | $1.1B | $1.1B | $1.2B | $1.2B |
| Selling, general and admin | $12M | $17M | $18M | $21M | $24M | $41M | $67M | $81M | $85M | $92M |
| Operating income | — | $204M | $225M | $212M | $216M | $684M | $1.2B | $1.2B | $1.3B | — |
| Interest expense | $31M | $38M | $43M | $45M | $24M | $43M | $83M | $0 | $0 | $3M |
| Net income | -$53M | -$15M | -$13M | -$62M | -$69M | $516M | $579M | $434M | $367M | $285M |
| Gross margin | 97.0% | 98.0% | 95.7% | 94.4% | 95.1% | 94.9% | 89.9% | 87.7% | 89.0% | 90.5% |
| Operating margin | — | 96.6% | 97.3% | 96.8% | 95.4% | 95.9% | 95.3% | 94.7% | 94.2% | — |
| Net margin | -27.6% | -7.1% | -5.7% | -28.3% | -30.2% | 72.4% | 47.9% | 33.2% | 27.5% | 21.2% |
Balance sheet
Fiscal years, from Navios Maritime Partners LP Unit's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $17M | $24M | $59M | $23M | $19M | $159M | $158M | $240M | $270M | $403M |
| Receivables | $10M | $14M | $14M | $11M | $17M | $24M | $75M | $42M | $33M | $34M |
| Inventory | $220,000 | $220,000 | $1M | $6M | $6M | $21M | $33M | $38M | $33M | $32M |
| Total current assets | $56M | $60M | $111M | $76M | $61M | $226M | $310M | $400M | $443M | $512M |
| Property, plant and equipment | $1.0B | $1.1B | $1.0B | $1.1B | $1.0B | $2.9B | $3.8B | $3.7B | $4.2B | $4.4B |
| Total assets | $1.3B | $1.3B | $1.3B | $1.3B | $1.2B | $3.6B | $4.9B | $5.1B | $5.7B | $5.9B |
| Total current liabilities | $99M | $54M | $52M | $80M | $253M | $396M | $618M | $460M | $410M | $455M |
| Long-term debt | $450M | $467M | $459M | $346M | $229M | $641M | $690M | $752M | $917M | $975M |
| Total liabilities | $588M | $538M | $537M | $525M | $552M | $1.9B | $2.6B | $2.4B | $2.6B | $2.6B |
| Shareholders' equity | — | — | — | $728M | $655M | $1.8B | $2.3B | — | — | — |
| Net debt | $506M | $469M | $425M | $377M | $405M | $654M | $706M | $658M | $810M | $706M |
Cash flow
Fiscal years, from Navios Maritime Partners LP Unit's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $62M | $53M | $68M | $70M | $94M | $277M | $506M | $560M | $483M | $505M |
| Capital spending | $15M | $158M | $116M | $21M | $72M | $217M | $434M | $183M | $747M | $224M |
| Free cash flow | $46M | -$105M | -$48M | $49M | $22M | $60M | $73M | $377M | -$264M | $281M |
| Stock-based compensation | $93,000 | $2M | $2M | $2M | $946,000 | $523,000 | $154,000 | $4,000 | $0 | $0 |
| Dividends paid | $0 | $0 | $10M | $14M | $8M | $5M | $6M | $6M | $6M | $6M |
| Net borrowing | -$76M | -$32M | $8M | -$62M | -$3M | -$224M | -$172M | -$213M | $391M | -$287M |
| Free cash flow margin | 24.4% | -49.5% | -20.6% | 22.4% | 9.6% | 8.4% | 6.0% | 28.9% | -19.8% | 20.9% |
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Open NMM in InvestinglyQuestions
What was Navios Maritime Partners LP Unit's revenue in 2025?
$1.3B in fiscal 2025, from its 10-K filing.
How much free cash flow does Navios Maritime Partners LP Unit generate?
$281M in fiscal 2025 (operating cash flow minus capital spending).
From Navios Maritime Partners LP Unit's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.