Also trades as: CMRE-PE (NYSE) · $vol 1M · CMRE-PD (NYSE) · $vol 0M · CMRE-PC (NYSE) · $vol 0M · CMRE-PB (NYSE) · $vol 0M

$14.35

+0.42 (+3.02%)

Pre-Market: $12.66 (-1.69, -11.81%)

Weekly Expected Move ±4.4%

$13 $13 $14 $15 $15

NYSE · Industrials · Marine Shipping · Tech Score Strong Sell · Power 32 · $1.7B mcap · 46M float · 0.854% daily turnover · Short 48% of daily vol

Credit Risk of going bust: higher than 50% of companies Debt: 46.4% of company value Bonds: none of note held by US funds details ▾

If the stock fell to about $0.77 (down 95%), Costamare Inc. would be worth roughly what it owes.
Total debt $1.50B against a stock market value of $1.73B.
Distance to default 5.11 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $868.0M (short-term plus half of long-term), stock volatility 31.9%; Altman Z'' 3.21. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

Revenue Segmentation

By Product / Service

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$878M -57.9% ▼

5Y CAGR: +13.8%

Gross Profit

$503M -9.7% ▼

5Y CAGR: +18.9%

Operating Income

$454M -1.8% ▼

5Y CAGR: +49.7%

Net Income

$365M +14.0% ▲

5Y CAGR: +110.2%

EPS (Diluted)

$2.86 +17.2% ▲

EBITDA

$603M -2.7% ▼

5Y CAGR: +27.2%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$794M	$1.1B	$1.5B	$2.1B	$878M
YoY Growth	+72.4%	+40.3%	+35.7%	+37.9%	-57.9%
Cost of Revenue	$352M	$513M	$1.1B	$1.5B	$375M
Gross Profit	$442M	$601M	$436M	$557M	$503M
Gross Margin	55.7%	53.9%	28.9%	26.7%	57.3%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$17M	$20M	$24M	$33M	$49M
Operating Expenses	$517K	-$62M	-$32M	$94M	$49M
Operating Income	$441M	$662M	$468M	$462M	$454M
Operating Margin	55.6%	59.5%	31.0%	22.2%	51.7%
Interest Expense	$72M	$107M	$152M	$150M	$91M
Income Before Tax	$435M	$555M	$381M	$316M	$397M
Tax Expense	$0	$0	$0	$0	$0
Net Income	$435M	$555M	$386M	$320M	$365M
Net Margin	54.8%	49.8%	25.5%	15.4%	41.5%
EPS (Diluted)	$3.28	$4.26	$2.95	$2.44	$2.86
EBITDA	$643M	$828M	$699M	$620M	$603M
Shares Outstanding	123M	123M	120M	119M	120M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$545M	$548M	$446M	$211M	$225M	$212M	$202M	$201M
Cost of Revenue	$420M	$393M	$311M	$94M	$63M	$98M	$98M	$98M
Gross Profit	$124M	$155M	$135M	$117M	$162M	$114M	$103M	$103M
Gross Margin	22.8%	28.4%	30.3%	55.3%	72.0%	53.8%	51.2%	51.1%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$10M	$8M	$9M	$12M	$11M	$6M	$15M	$13M
Operating Expenses	$20M	$28M	$27M	$12M	$44M	$13M	$15M	$13M
Operating Income	$104M	$127M	$108M	$105M	$118M	$101M	$88M	$90M
Operating Margin	19.1%	23.2%	24.1%	49.9%	52.3%	47.5%	43.7%	44.8%
Interest Expense	$35M	$32M	$28M	$22M	$23M	$18M	$19M	$18M
Income Before Tax	$79M	$32M	$101M	$106M	$99M	$79M	$82M	$84M
Tax Expense	$0	$0	$0	$0	$0	$0	$0	$0
Net Income	$81M	$35M	$100M	$89M	$98M	$78M	$80M	$83M
Net Margin	14.8%	6.4%	22.4%	42.1%	43.5%	36.7%	39.9%	41.2%
EPS (Diluted)	$0.63	$0.25	$0.79	$0.69	$0.77	$0.60	$0.62	$0.64
EBITDA	$156M	$105M	$129M	$165M	$139M	$135M	$139M	$128M
Shares Outstanding	119M	120M	120M	120M	120M	120M	121M	121M

CMRE NYSE