Skip to content
MARKETS / NYSE / CMRE
NYSE · DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT · MID CAP

Costamare Inc. CMRE

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$877.9M
▼ 1.2% YoY
$364.6M
▲ 14.0% YoY
In brief

What this company does

Costamare Inc. is an international owner and operator of containerships that charters its vessels to liner companies, providing worldwide transportation of containerized cargoes. As of February 24, 2026, it had a fleet of 79 containerships with an aggregate capacity of approximately 551,000 TEU, including 10 vessels under construction. Over the last three years, its largest customers by revenue were A.P. Moller-Maersk, MSC, Evergreen, Hapag Lloyd, ZIM and COSCO. As of December 31, 2025, Costamare Shipping, Costamare Services and the Neptune Manager employed in the aggregate approximately 220 shore-based employees, while approximately 1,660 seafarers served on the company's vessels. In March 2023, the company agreed to invest in the Neptune leasing business and acquired a controlling interest in Neptune. Costamare was founded in 1974 and initially owned and operated dry bulk vessels. Costamare Inc. was incorporated in the Republic of the Marshall Islands on April 21, 2008 under the BCA. On May 6, 2025, Costamare completed the spin-off of Costamare Bulkers, distributing to Costamare shareholders of record on April 29, 2025 one common share of Costamare Bulkers for every five Costamare common shares.

Written from the business description in COSTAMARE INC.'s annual report to the U.S. Securities and Exchange Commission, filed 4 March 2026. Every sentence was checked against that document before publication.

Growth
USD 877.9M
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 0.9 · Net income 0.4
0.4B0.8B200920112013201520172019202120232025
Compound annual growth
−7.6%
+13.8%
−13.1%
+110.2%
+9.8%
+10.5%
+115.0%
+32.9%
+8.5%
−23.9%
+3.9%
−2.5%
+14.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +13.8% a year over five years — but profit grew faster: net income at +110.2%.

The share count fell from 0.12B to 0.12B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
42 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 52.0% · Net 42.0%
20%40%60%200920112013201520172019202120232025
ROE
FY2025 · ROE 15.9%
20%40%60%200920112013201520172019202120232025

Each USD of equity produced 16 cents of profit this year.

Cash & shareholders
USD 79.3M
returned in FY2025 · dividends + net buybacks
Net buybacks $M Dividends $M
FY2025 · Dividends 79.3 · Net buybacks 0.0
80M160MDividendsNet buybacks200920112013201520172019202120232025

USD 79.3M in dividends — 22% of the year's profit went back to shareholders.

Total assetsUSD 3.9B
EquityUSD 2.1B
CashUSD 519.8M
Gross debtUSD 1.5B
Net debtUSD 995.0M
Current ratio1.73×

Net debt stands at 48% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.90.90.81.10.80.50.50.40.40.5·······
Operating income $B0.50.50.60.70.40.10.20.10.10.20.20.20.20.20.20.20.2
EBITDA $B0.60.60.70.80.60.20.30.20.20.3·······
Income tax $B·················
Net income $B0.40.30.40.60.40.00.10.10.10.10.10.10.10.10.10.10.1
EPS, diluted $····3.28−0.180.590.330.520.791.681.381.361.201.451.652.49
Dividend / sh $·····0.100.100.10·········
Payout %22231922167385973529271817990701226
ROE %15.913.117.028.628.30.67.25.26.48.016.315.817.519.125.331.475.3
Shares out B0.120.120.120.120.120.120.120.110.11········

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 64 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityDeep Sea Foreign Transportation of Freight
Listed onNYSE
Incorporated inoutside the United States — SEC code 1T
Fiscal year endsDecember 31
Data on record since2009

Share this section

Download image