CMRE Industrials

Costamare Inc.

$13.27-1.34%

Price as of close on Nov 3, 2026 · Financials updated Nov 2, 2026

Basics

Sector: Industrials
Industry: Marine Shipping
Country: Monaco
Market cap: 1.6B USD
Enterprise value: 2.7B USD
Full-time employees: 1,880

Overall health

Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.06 vs a peer median of 0.64)higher risk: bigger price swings (beta 1.06 vs peers 0.64)

Ranks #676 of 2,308 industrials companies (top 30%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.
Costamare reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.
Valuation signals disagree. Cheaper than 95% of peers on earnings, but only 0% on free cash flow.
Relative to its earnings, Costamare looks cheaper than 95% of peers; relative to its free cash flow, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Financials may be out of date. Latest financial period ended 10 months ago.
The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.
Wide margins. Operating margin 52% (12 months to Dec 2025) vs a peer median of 7.7%.Operating margin 52% vs peers 7.7%.
Costamare keeps 52% of revenue as operating profit, more than 95% of peers (median 7.7%).

StockQuotient Score

61/ 100▼ 1 since Oct 27 close

Oct 5 62 → Nov 4 61 (-1)

Valuation

Is the price right?

93/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Stronger than most peers on:

▲ Earnings yield
▲ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield22.8%

SEC filings · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile30% base weight · Z-score 3.29Sector median: 0.0377 · MAD: 0.0294

EBITDA yield22.7%

SEC filings · 12 months to Dec 2025Reported value50% base weight · Z-score 3.71Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield-10.2%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield130.4%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

26/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

12-month revenue fell 57.9%

Why

Weaker than most peers on:

▼ 3-yr revenue
▼ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth13.4%

SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score 0.25Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth-7.6%

SEC filings · 3 years to Dec 2025Reported value33% base weight · Z-score -1.89Sector median: 0.0421 · MAD: 0.0625

Revenue growth-1.2%

SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score -0.73Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

93/100

Strong

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Operating margin rose 30.0 points to 52.0%

Why

Stronger than most peers on:

▲ Operating margin
▲ ROA
▲ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin52.0%

SEC filings · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.02Sector median: 0.0773 · MAD: 0.0507

Return on assets9.4%

SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score 2.63Sector median: 0.0311 · MAD: 0.0241

Return on invested capital11.7%

SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score 0.81Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin68.6%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity17.5%

SEC filings · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Higher

Higher relative risk▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 36 → 31

Company's reported figures updated-5

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.06

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.53Sector median: 0.6440 · MAD: 0.2745

Current ratio1.73×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.21Sector median: 1.6180 · MAD: 0.5360

Debt / equity0.73×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.96Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Costamare

Is Costamare getting weaker?: Its latest SEC filing (Mar 4, 2026) was mixed: some things better, some worse: operating margin rose 30.0 points to 52.0%; 12-month revenue fell 57.9%. Its overall score is 61/100, down 1 since Oct 28, 2026.
How is Costamare valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 93/100 against 2,459 industrials peers. Earnings yield 22.8% vs a peer median of 3.8% (stronger than 95% of peers).Earnings yield 22.8% vs peers 3.8% (stronger than 95% of peers). Free cash flow yield -10.2% vs a peer median of 3.7% (weaker than 100% of peers).Free cash flow yield -10.2% vs peers 3.7% (weaker than 100% of peers).
Is Costamare growing?: More slowly than most of its peers. Growth scores 26/100 against 2,459 industrials peers. 3-year revenue growth -7.6% vs a peer median of 4.2% (weaker than 88% of peers).3-year revenue growth -7.6% vs peers 4.2% (weaker than 88% of peers).
How profitable is Costamare?: More profitable than most of its peers. Profitability scores 93/100 against 2,459 industrials peers. Operating margin 52.0% vs a peer median of 7.7% (stronger than 95% of peers).Operating margin 52.0% vs peers 7.7% (stronger than 95% of peers).
How risky is Costamare?: Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Beta 1.06 vs a peer median of 0.64 (weaker than 78% of peers).Beta 1.06 vs peers 0.64 (weaker than 78% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Dec 31, 2025 · filed Mar 4, 2026 · compared with the quarter ended Jun 30, 2025

Mixed: some things better, some worse

Operating margin rose 30.0 points to 52.0%
12-month revenue fell 57.9%

	Previous quarter	Latest quarter	Change
Revenue (12 months)	2.1B USD	877.9M USD	−57.9%
Net income (12 months)	304.5M USD	364.6M USD	+19.7%
Operating margin	21.9%	52.0%	+30.0 pts
Debt	1.6B USD	1.5B USD	−4.7%
Cash	442.7M USD	519.8M USD	+17.4%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	55.6%	59.5%	70.1%	55.1%	52.0%	▼ 3.2 pts
Net margin	54.8%	49.8%	45.5%	36.0%	41.5%	▲ 5.5 pts
Return on assets (ROA)	9.9%	11.3%	7.3%	6.2%	9.4%	▲ 3.2 pts
Return on equity (ROE)	25.2%	25.7%	16.2%	12.7%	17.5%	▲ 4.7 pts
Current ratio	1.15×	2.40×	1.69×	1.40×	1.73×	▲ 24%
Quick ratio	1.09×	2.33×	1.59×	1.38×	1.70×	▲ 23%
Debt to equity	1.41×	1.20×	0.98×	0.68×	0.73×	▲ 7.5%
Interest coverage	6.11×	6.18×	4.69×	4.18×	5.06×	▲ 21%

CMRE price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.06 vs a peer median of 0.64)higher risk: bigger price swings (beta 1.06 vs peers 0.64)

Ranks #676 of 2,308 industrials companies (top 30%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.

Costamare reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.

Valuation signals disagree. Cheaper than 95% of peers on earnings, but only 0% on free cash flow.

Relative to its earnings, Costamare looks cheaper than 95% of peers; relative to its free cash flow, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Financials may be out of date. Latest financial period ended 10 months ago.

The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

Wide margins. Operating margin 52% (12 months to Dec 2025) vs a peer median of 7.7%.Operating margin 52% vs peers 7.7%.

Costamare keeps 52% of revenue as operating profit, more than 95% of peers (median 7.7%).

Questions investors ask about Costamare

Is Costamare getting weaker?

Its latest SEC filing (Mar 4, 2026) was mixed: some things better, some worse: operating margin rose 30.0 points to 52.0%; 12-month revenue fell 57.9%. Its overall score is 61/100, down 1 since Oct 28, 2026.

How is Costamare valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 93/100 against 2,459 industrials peers. Earnings yield 22.8% vs a peer median of 3.8% (stronger than 95% of peers).Earnings yield 22.8% vs peers 3.8% (stronger than 95% of peers). Free cash flow yield -10.2% vs a peer median of 3.7% (weaker than 100% of peers).Free cash flow yield -10.2% vs peers 3.7% (weaker than 100% of peers).

Is Costamare growing?

More slowly than most of its peers. Growth scores 26/100 against 2,459 industrials peers. 3-year revenue growth -7.6% vs a peer median of 4.2% (weaker than 88% of peers).3-year revenue growth -7.6% vs peers 4.2% (weaker than 88% of peers).

How profitable is Costamare?

More profitable than most of its peers. Profitability scores 93/100 against 2,459 industrials peers. Operating margin 52.0% vs a peer median of 7.7% (stronger than 95% of peers).Operating margin 52.0% vs peers 7.7% (stronger than 95% of peers).

How risky is Costamare?

Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Beta 1.06 vs a peer median of 0.64 (weaker than 78% of peers).Beta 1.06 vs peers 0.64 (weaker than 78% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

2.1B USD

877.9M USD

−57.9%

Net income (12 months)

304.5M USD

364.6M USD

+19.7%

Operating margin

21.9%

52.0%

+30.0 pts

Debt

1.6B USD

1.5B USD

−4.7%

Cash

442.7M USD

519.8M USD

+17.4%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

55.6%

59.5%

70.1%

55.1%

52.0%

▼ 3.2 pts

Net margin

54.8%

49.8%

45.5%

36.0%

41.5%

▲ 5.5 pts

Return on assets (ROA)

9.9%

11.3%

7.3%

6.2%

9.4%

▲ 3.2 pts

Return on equity (ROE)

25.2%

25.7%

16.2%

12.7%

17.5%

▲ 4.7 pts

Current ratio

1.15×

2.40×

1.69×

1.40×

1.73×

▲ 24%

Quick ratio

1.09×

2.33×

1.59×

1.38×

1.70×

▲ 23%

Debt to equity

1.41×

1.20×

0.98×

0.68×

0.73×

▲ 7.5%

Interest coverage

6.11×

6.18×

4.69×

4.18×

5.06×

▲ 21%