| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.74B | 2.08B | 1.51B | 1.11B | 793.64M | 460.32M |
| Gross Profit | 525.16M | 556.66M | 436.42M | 600.66M | 441.87M | 211.62M |
| EBITDA | 563.09M | 619.87M | 730.09M | 853.31M | 649.28M | 177.82M |
| Net Income | 304.55M | 319.92M | 385.75M | 554.96M | 435.12M | -71.75M |
Balance Sheet | ||||||
| Total Assets | 3.74B | 5.15B | 5.29B | 4.90B | 4.41B | 3.01B |
| Cash, Cash Equivalents and Short-Term Investments | 482.12M | 741.28M | 790.40M | 838.06M | 276.00M | 143.92M |
| Total Debt | 1.59B | 2.35B | 2.65B | 2.58B | 2.56B | 1.59B |
| Total Liabilities | 1.72B | 2.58B | 2.85B | 2.74B | 2.68B | 1.66B |
| Stockholders Equity | 1.95B | 2.51B | 2.38B | 2.16B | 1.73B | 1.35B |
Cash Flow | ||||||
| Free Cash Flow | 232.14M | 257.23M | 49.04M | 519.70M | -525.60M | 172.37M |
| Operating Cash Flow | 252.99M | 537.72M | 331.37M | 581.59M | 466.49M | 274.28M |
| Investing Cash Flow | -61.65M | -79.51M | 79.09M | 42.49M | -787.46M | -36.40M |
| Financing Cash Flow | -387.03M | -505.48M | -396.81M | -166.05M | 482.59M | -241.86M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $1.01B | 2.65 | 26.40% | 6.94% | 4.43% | 17.82% | |
73 Outperform | $1.38B | 4.92 | 14.61% | 3.96% | -7.24% | -16.39% | |
69 Neutral | $1.57B | 3.54 | 13.38% | 3.93% | 5.63% | -17.54% | |
64 Neutral | $1.33B | 4.65 | 9.89% | 0.44% | -0.47% | -22.23% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $2.01B | 16.76 | 5.11% | 4.51% | 2.95% | -61.74% | |
60 Neutral | $929.16M | 27.34 | 3.35% | 14.43% | 3.51% | -74.09% |
On October 21, 2025, Costamare Inc. announced an amendment to its Shareholders Rights Agreement, originally dated October 19, 2010, with Equiniti Trust Company, LLC. The amendment alters the definition of an ‘Acquiring Person’ to include U.S. Persons who become beneficial owners of 5% or more of the company’s common stock, while maintaining the threshold for non-U.S. Persons. This move is in response to recent regulatory developments from China regarding port fees for US-linked vessels, aiming to protect shareholder value and ensure compliance with new regulations. The company plans to monitor the situation and may revert to the original agreement terms if deemed unnecessary in the future.
On October 15, 2025, Costamare Inc. announced a Stock Subscription Agreement with Konstantinos Konstantakopoulos for the purchase of 1,200 shares of Series F Preferred Stock, designed to enhance voting control and ensure compliance with foreign ownership regulations. This move increases the Konstantakopoulos family’s voting power to approximately 75.7%, safeguarding against U.S. control exceeding 25% due to new Chinese port fee regulations. The Series F Preferred Stock, which carries significant voting rights but no economic benefits, can be redeemed by the company and will automatically terminate after five years, reflecting a strategic maneuver to maintain operational autonomy and regulatory compliance.
On October 2, 2025, Costamare Inc. announced the declaration of cash dividends on its preferred and common stocks. The dividends for the Series B, C, and D Preferred Stocks cover the period from July 15, 2025, to October 14, 2025, and will be paid on October 15, 2025. Additionally, a quarterly dividend on common stock for the quarter ended September 30, 2025, is payable on November 6, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders, contingent upon the board’s discretion and various financial and market conditions.
On October 2, 2025, Costamare Inc. announced the election of two Class III directors, Konstantinos Konstantakopoulos and Charlotte Stratos, at its virtual annual meeting of stockholders. These directors will serve until the 2028 annual meeting. Additionally, stockholders ratified Ernst & Young (Hellas) as the company’s independent auditors for the fiscal year ending December 31, 2025. This election and ratification are expected to strengthen Costamare’s governance and ensure continuity in its financial oversight.
Costamare Inc. has released its unaudited interim condensed consolidated financial statements for the six-month period ending June 30, 2025. The report highlights a decrease in total assets from $5.1 billion at the end of 2024 to $3.7 billion by mid-2025, reflecting significant changes in the company’s financial position. This financial update is crucial for stakeholders as it provides insights into the company’s operational adjustments and financial health during this period.
Costamare Inc. has announced its 2025 Annual Meeting of Stockholders, scheduled for October 2, 2025, to be held virtually. The meeting will focus on electing two Class III Directors, ratifying the appointment of Ernst & Young (Hellas) as independent auditors, and addressing other business matters. Stockholders are encouraged to vote via proxy if unable to attend. The meeting is significant for stakeholders as it involves key decisions affecting the company’s governance and financial auditing processes.
On July 31, 2025, Costamare Inc. announced its financial results for the second quarter and six-month period ended June 30, 2025. The company reported a net income from continuing operations of $99.6 million for Q2 2025. A significant development during this period was the spin-off of its dry bulk business, completed on May 6, 2025, which is now presented as discontinued operations. Costamare also concluded contracts for four new containerships with delivery expected between 2027 and 2028, enhancing its fleet and securing long-term charters. The company declared dividends on both common and preferred stocks, reflecting its strong financial position and commitment to shareholder returns.