Castor Maritime (CTRM) AI Stock Analysis

• Market Cap: $20.68M
• Dividend Yield: N/A
• Average Volume (3M): 37.63K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.28
• Revenue Growth: -1.35%
• EPS Growth: -118.25%
• Country: US
• Employees: 1
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): N/A
• Shares Outstanding: 9,662,354
• 10 Day Avg. Volume: 30,491
• 30 Day Avg. Volume: 37,633
• PEG Ratio: -0.19
• Price to Book (P/B): 0.05
• Price to Sales (P/S): 0.40
• P/FCF Ratio: -0.88
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: $2.50 ▲(30.21% Upside)

Castor Maritime's overall stock score is primarily impacted by its weak financial performance and valuation concerns. While technical analysis shows some positive momentum, the overbought signals and negative profitability metrics weigh heavily on the stock's attractiveness.

Positive Factors

Net Income Growth

The substantial increase in net income for Q3 2025 indicates improved profitability and operational efficiency, which can enhance long-term financial stability.

Debt Management

Redeeming preferred shares and securing a $50M loan improves financial flexibility and reduces financial obligations, supporting long-term capital structure optimization.

Sustainability Initiatives

Linking loan terms to sustainability targets aligns financial strategy with environmental goals, potentially enhancing reputation and long-term competitiveness.

Negative Factors

Cash Flow Challenges

Negative free cash flow growth indicates potential liquidity issues, limiting the company's ability to invest in growth opportunities and manage debt.

Profitability Issues

Persistently negative profit margins suggest ongoing operational inefficiencies, which could hinder long-term profitability and shareholder value.

Revenue Decline

Significant revenue decline due to fewer available days and lower charter rates may impact future earnings and market position in the competitive shipping industry.

Castor Maritime Business Overview & Revenue Model

Company Description

Castor Maritime Inc. is a global shipping company engaged in the transportation of dry bulk commodities. The company operates a diversified fleet of vessels, including Panamax and Supramax bulk carriers, which are employed in the shipping of various cargoes such as coal, grain, and iron ore. Castor Maritime focuses on providing reliable and efficient maritime transportation services, catering to a wide range of customers in the shipping industry.

How the Company Makes Money

Castor Maritime generates revenue primarily through the chartering of its fleet of vessels. The company earns income by entering into time charters and spot charters with shipping companies, where it either leases its ships for a predetermined period or on an ad-hoc basis. The revenue model is influenced by the fluctuating rates in the shipping market, which are driven by global supply and demand dynamics for dry bulk commodities. Additionally, Castor Maritime may benefit from long-term contracts with key clients, which can provide more stable income streams. Factors contributing to its earnings include the operational efficiency of its fleet, market conditions affecting shipping rates, and strategic partnerships that enhance its market reach.

Castor Maritime Financial Statement Overview

Summary

Castor Maritime faces significant profitability and cash flow challenges, despite a stable balance sheet with low leverage. The negative net profit margin and cash flow issues pose risks to financial health, although the strong equity base provides some stability.

Income Statement

Castor Maritime's income statement shows a mixed performance. The company experienced a slight revenue growth of 2.51% in the TTM period, but this is overshadowed by a significant decline in profitability, with a negative net profit margin of -65.41% and an EBIT margin of -35.05%. This indicates operational challenges and inefficiencies. The gross profit margin of 23.79% suggests some ability to cover direct costs, but overall profitability remains a concern.

Balance Sheet

The balance sheet reflects a relatively stable financial position with a low debt-to-equity ratio of 0.17, indicating conservative leverage. However, the return on equity is negative at -8.15%, highlighting inefficiencies in generating returns for shareholders. The equity ratio of 70.56% suggests a strong equity base, providing some financial stability.

Cash Flow

Cash flow analysis reveals challenges, with a negative free cash flow and a free cash flow to net income ratio of -4.15, indicating cash flow issues relative to earnings. The operating cash flow to net income ratio of 0.30 suggests limited cash generation from operations, which could impact liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	75.41M	66.24M	97.52M	150.22M	132.05M	12.49M
Gross Profit	19.35M	19.65M	28.47M	86.70M	65.53M	2.55M
EBITDA	10.24M	37.37M	55.71M	92.28M	69.99M	2.36M
Net Income	-28.22M	14.62M	38.64M	118.56M	52.27M	-1.75M
Balance Sheet
Total Assets	792.45M	797.38M	605.04M	632.92M	462.91M	74.37M
Cash, Cash Equivalents and Short-Term Investments	181.12M	157.02M	188.47M	100.59M	37.17M	8.93M
Total Debt	4.98M	111.32M	83.39M	138.77M	102.04M	18.19M
Total Liabilities	80.40M	171.91M	94.31M	171.43M	119.98M	21.99M
Stockholders Equity	652.98M	570.13M	510.73M	461.50M	342.93M	52.38M
Cash Flow
Free Cash Flow	-34.69M	-30.26M	41.97M	47.35M	-287.87M	-37.82M
Operating Cash Flow	7.94M	41.91M	42.59M	123.75M	60.78M	-2.34M
Investing Cash Flow	-172.48M	-133.48M	-9.12M	-63.74M	-348.64M	-35.47M
Financing Cash Flow	114.92M	59.56M	-64.88M	48.90M	321.82M	42.18M

Castor Maritime Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.92
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CTRM, the sentiment is Neutral. The current price of 1.92 is below the 20-day moving average (MA) of 2.08, below the 50-day MA of 2.05, and below the 200-day MA of 2.19, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 52.10 is Neutral, neither overbought nor oversold. The STOCH value of 43.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CTRM.

Castor Maritime Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PSHG	74 Outperform	$28.35M	1.29	17.90%	―	-11.07%	-13.39%
TOPS	65 Neutral	$25.00M	2.35	7.94%	―	4.77%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
GLBS	54 Neutral	$30.26M	-6.54	-2.63%	―	18.49%	-264.74%
USEA	52 Neutral	$17.43M	―	-7.09%	6.56%	-8.96%	-88.67%
CTRM	49 Neutral	$20.68M	-0.68	-5.54%	―	-1.35%	-118.25%
OP	46 Neutral	―	―	―	―	35.58%	-119.92%

Castor Maritime Corporate Events

Castor Maritime Reports Q3 2025 Financial Results with Significant Net Income Growth

On December 3, 2025, Castor Maritime Inc. reported its financial results for the three and nine months ended September 30, 2025. The company saw a significant increase in net income for the third quarter, reaching $21.0 million, a 650% rise compared to the previous year. However, for the nine-month period, net income decreased by 91.7% to $4.0 million. The company experienced a decrease in total vessel revenues due to fewer available days following vessel sales, but this was partially offset by higher charter rates. The company also completed four vessel disposals and fully repaid a term loan from Toro Corp. These financial results highlight Castor Maritime’s strategic adjustments and its efforts to optimize its capital structure and capture future opportunities in the dry-bulk market.

Castor Maritime Secures $50M Loan and Redeems Preferred Shares

Castor Maritime Inc. announced the signing of a $50 million sustainability-linked senior term loan facility with a European bank, secured by a first priority mortgage over four of its dry bulk vessels. The loan, which has a five-year term, will support general corporate purposes and includes interest adjustments based on sustainability performance targets. Additionally, on October 13, 2025, Castor completed the full redemption of its Series E Preferred Shares, selling them to Toro Corp. for $60 million. This transaction, approved by both companies’ boards, results in the cancellation of the shares, impacting Castor’s financial structure and shareholder equity.

Castor Maritime Releases Interim Financials for Mid-2025

Castor Maritime Inc. released its unaudited consolidated interim financial statements for the six months ending June 30, 2025. The report highlights a significant decrease in cash and cash equivalents from $87.9 million at the end of 2024 to $44.8 million by mid-2025. This financial update may impact the company’s liquidity and operational strategies moving forward.

Castor Maritime Reports Q2 2025 Financials and Completes $60M Share Placement

On October 1, 2025, Castor Maritime Inc. reported its financial results for the second quarter and first half of 2025, revealing significant decreases in revenue and net income compared to the previous year. The company experienced a 37.4% drop in total vessel revenues and a 72.5% decrease in net income for the second quarter, attributed to reduced available days and lower charter rates. Additionally, Castor completed a private placement of Series E Preferred Shares with Toro Corp. on September 29, 2025, raising $60 million to support capital expenditures and other corporate purposes. The transaction, which closed on September 30, 2025, is expected to enhance Castor’s financial flexibility amid ongoing market challenges.

Castor Maritime Announces Key Decisions from 2025 Annual Meeting

On September 12, 2025, Castor Maritime Inc. held its 2025 Annual General Meeting of Shareholders in Limassol, Cyprus, where key proposals were approved. These included the re-election of Mr. Dionysios Makris as Class B Director until 2028 and the appointment of Deloitte Certified Public Accountants S.A. as independent auditors for the fiscal year 2025. These decisions reflect the company’s ongoing commitment to maintaining strong governance and financial oversight.