CMRE - NYSE

Costamare Inc.

CMRE·NYSE

$15.44

-0.83%

IndustrialsMarine Shipping

Costamare Inc. owns and charters containerships to liner companies worldwide. As of March 18, 2022, it had a fleet of 76 containerships with a total capacity of approximately 557,400 twenty-foot equivalent units and 45 dry bulk vessels with a total capacity of approximately 2,435,500 DWT. The company was founded in 1974 and is based in Monaco.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$1.86B

EPS2.8600

P/E Ratio5.40

Earnings Date07/30/2026

877.90M

Revenue

-58%

3Y-21.0%

5Y+91.0%

10Y+88.0%

364.57M

Net Income

14%

3Y-34.0%

5Y+4007.0%

10Y+346.0%

541.25M

Operating Cash Flow

3Y-4.0%

5Y+97.0%

10Y+139.0%

Costamare Inc. Profit Bridge

CMRE · NYSE

Revenue & Cost of Sales

Revenue877.90M

Cost of Goods Sold (375.07M)

Gross Profit502.83M

Operating Expenses

Operating Expenses (48.91M)

Operating Income453.92M

Other Income & Taxes

Interest Expense (91.36M)

Other Income/Expense-57.37M

Pretax Income396.55M

Income Tax (0.00)

Net Income364.57M

Net Income

364.57M

Profitability Analysis

Gross Margin

57.3%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

51.7%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

41.5%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

0.0%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

Costamare Inc. Income Statement

CMRE • NYSE

Costamare Inc. Income Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008
REVENUE
Revenue	877.9M	2.1B	1.5B	1.1B	793.6M	460.3M	478.1M	380.4M	412.4M	468.2M	490.4M	484M	414.2M	386.2M	382.2M	353.2M	399.9M	426.3M
GROSS PROFIT
Cost of Revenue	(375.1M)	(1.5B)	(1.1B)	(513.2M)	(351.8M)	(248.7M)	(249.1M)	(231.3M)	(222M)	(226.8M)	(237.7M)	(245.7M)	(220.7M)	(209.4M)	(117.5M)	(104.8M)	(117.6M)	(152.1M)
Gross Profit	502.8M	556.7M	436.4M	600.7M	441.9M	211.6M	229M	149.1M	190.4M	241.4M	252.6M	238.3M	193.6M	176.8M	264.7M	248.3M	282.3M	274.3M
OPERATING INCOME
Operating Expenses	(48.9M)	(94.4M)	-31.6M	-61.6M	(517K)	(151.3M)	(55.9M)	(28.7M)	(28.2M)	(33.3M)	(36.3M)	(26.2M)	(25.1M)	(19.2M)	(94.2M)	(92.4M)	(90.8M)	(94.8M)
Selling, General & Administrative	(48.9M)	(33.5M)	(24.2M)	(19.5M)	(16.8M)	(11M)	(9.4M)	(9.2M)	(9.5M)	(14.7M)	(17.4M)	(7.7M)	(8.5M)	(4M)	(20.3M)	(22.4M)	(13.9M)	(16.1M)
Operating Income	453.9M	462.3M	468M	662.2M	441.4M	60.3M	173.1M	117.2M	137M	166.1M	217.9M	214.7M	169M	154.9M	170.7M	155.9M	191.6M	179.5M
PRE-TAX INCOME
Interest Expense	(91.4M)	(150.3M)	(152.1M)	(107.2M)	(71.8M)	(67.4M)	(90.9M)	(64M)	(72.1M)	(61.2M)	(47.8M)	(49.5M)	(26.1M)	(21.5M)	(75.4M)	(71.9M)	(86.8M)	(68.4M)
Net Interest Income	-72M	-117.1M	-119.7M	-101.2M	-70.2M	-65.6M	-87.5M	-60.5M	-69.4M	-59.5M	-46.5M	-48.6M	-25.5M	-20M	-19.8M	-16.8M	-84.1M	-62.8M
Other Expenses	(0.0)	(60.9M)	-55.8M	-81.1M	-16.3M	(140.3M)	(46.5M)	(350K)	(593K)	(595K)	(427K)	(3.3M)	(822K)	-43K	(73.9M)	(70M)	(76.8M)	(78.6M)
Total Other Income Expenses Net	-57.4M	-145.9M	-87M	-107.6M	-6.2M	-51.5M	-74.1M	-49.9M	-64.1M	-84.4M	-74.1M	-99.6M	-65.9M	-73.7M	-83.1M	-74.7M	9.5M	-79.7M
Income Before Tax	396.5M	316.3M	381M	554.7M	435.1M	8.9M	99M	67.2M	72.9M	81.7M	143.8M	115.1M	103.1M	81.1M	116.9M	99.8M	201.1M	162.6M
NET INCOME
Income Tax Expense	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(82.9M)	(83.1M)	(78M)	(81.4M)
Net Income	364.6M	319.9M	385.7M	555M	435.1M	8.9M	99M	67.2M	72.9M	81.7M	143.8M	115.1M	103.1M	81.1M	87.6M	81.2M	116.9M	99.8M

SEC Filings

CMRE - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
6-K 6-K 2026 Q1 Q1	May 20, 2026	March 31, 2026	2026	View Filing
6-K 6-K 2026 Q2 Q2	April 29, 2026	April 28, 2026	2026	View Filing
6-K 6-K 2026 Q2 Q2	April 02, 2026	April 02, 2026	2026	View Filing
6-K 6-K 2026 Q1 Q1	March 04, 2026	March 04, 2026	2026	View Filing
20-F 20-F 2025 FY FY	March 04, 2026	December 31, 2025	2025	View Filing
6-K 6-K 2026 Q1 Q1	February 18, 2026	February 18, 2026	2026	View Filing
6-K 6-K 2026 Q1 Q1	January 02, 2026	January 02, 2026	2026	View Filing
6-K 6-K 2025 Q3 Q3	November 25, 2025	September 30, 2025	2025	View Filing
6-K 6-K 2025 Q3 Q3	November 04, 2025	September 30, 2025	2025	View Filing
6-K 6-K 2025 Q4 Q4	October 21, 2025	October 21, 2025	2025	View Filing

Showing 1 to 10 of 330 filings

Related Guides

Blog Categories

Continue your CMRE research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.