Costamare Bulkers Holdings Ltd(CMDB)Earnings, Financials & Key Ratios
CMDB•NYSE
$18.61
$452M mkt cap·Price updated May 6, 2026
AboutCostamare Bulkers Holdings Limited is an international operator of dry bulk vessels, providing transportation services for major commodities such as grain, coal, and iron ore. The Company manages vessel chartering and freight contracts through its integrated dry bulk platform. Headquartered in Monaco, it was established as a spin-off from Costamare Inc.Show more
- Revenue$1.2B+80.3%
- EBITDA$4M+103.8%
- Net Income-$98M+33.5%
- EPS (Diluted)-4.05+33.5%
- Gross Margin11.46%+40.9%
- EBITDA Margin0.31%+102.1%
- Operating Margin-2.81%+86.4%
- Net Margin-8.22%+63.1%
- ROE-21.91%+31.7%
- ROIC-2.35%+79.5%
- Debt/Equity1.69+29.2%
- Interest Coverage-1.23+74.6%
CMDB Key Insights
Costamare Bulkers Holdings Ltd (CMDB) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Trading at only 1.1x book value
✗Weaknesses
- ✗Negative free cash flow
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
CMDB Price & Volume
Costamare Bulkers Holdings Ltd (CMDB) stock price & volume — 10-year historical chart
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CMDB Growth Metrics
Costamare Bulkers Holdings Ltd (CMDB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-
EPS CAGR
10 Years-
5 Years-
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Return on Capital
10 Years-2.16%
5 Years-2.16%
3 Years-2.16%
Last Year-3.97%
CMDB Recent Earnings
Costamare Bulkers Holdings Ltd (CMDB) EPS & revenue vs analyst estimates — last 2 quarters
Q1 2026Latest
Feb 20, 2026EPS
$0.07
Revenue
$254M
Q4 2025
Nov 14, 2025EPS
$0.22
Revenue
$223M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 20, 2026 | $0.07 | $254M |
| Q4 2025 | Nov 14, 2025 | $0.22 | $223M |
Based on last 2 quarters of dataView full earnings history →
CMDB Peer Comparison
Costamare Bulkers Holdings Ltd (CMDB) competitors in Dry Bulk Shipping — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SBLK | 3.1B | 26.90 | 36.85 | -17.62% | 8.07% | 3.44% | 0.44 | |
 GNK | 1.1B | 25.50 | -255 | -19.14% | 8.12% | 4.19% | 0.22 | |
 SB | 728.6M | 6.92 | 8.34 | 8.17% | 16.78% | 5.58% | 0.65 | |
 NMM | 2.11B | 73.25 | 6.11 | 2.08% | 19.95% | 8.09% | 0.46 | |
 CMRE | 2.08B | 17.27 | 6.04 | -57.87% | 33.32% | 16.35% | 0.70 | |
 DSX | 336.8M | 2.69 | 45.75 | -12.93% | 11.18% | 4.89% | 1.26 | |
 PSHG | 74.09M | 1.89 | 1.77 | -19.73% | 65.4% | 16.48% | 0.17 | |
 SHIP | 333.81M | 15.81 | 15.65 | -5.59% | 9.74% | 5.29% | 1.03 |
Compare CMDB vs Peers
Costamare Bulkers Holdings Ltd (CMDB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CMDB Income Statement
Costamare Bulkers Holdings Ltd (CMDB) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|
| Sales/Revenue | 316.47M | 663.12M | 1.2B | 155.87M |
| Revenue Growth % | - | 109.54% | 80.27% | - |
| Cost of Goods Sold | 41.71M | 609.21M | 1.06B | 148.75M |
| COGS % of Revenue | 13.18% | 91.87% | 88.54% | - |
| Gross Profit | 274.76M▲ 0% | 53.91M▼ 80.4% | 136.94M▲ 154.0% | 7.12M▲ 0% |
| Gross Margin % | 86.82% | 8.13% | 11.46% | - |
| Gross Profit Growth % | - | -80.38% | 154.03% | - |
| Operating Expenses | 165.71M | 190.69M | 170.59M | 25.62M |
| OpEx % of Revenue | 52.36% | 28.76% | 14.27% | - |
| Selling, General & Admin | 7.37M | 13M | 17.8M | 9.17M |
| SG&A % of Revenue | 2.33% | 1.96% | 1.49% | - |
| Research & Development | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - |
| Other Operating Expenses | 158.34M | 177.69M | 152.8M | 2M |
| Operating Income | 109.05M▲ 0% | -136.78M▼ 225.4% | -33.65M▲ 75.4% | -18.5M▲ 0% |
| Operating Margin % | 34.46% | -20.63% | -2.81% | - |
| Operating Income Growth % | - | -225.43% | 75.4% | - |
| EBITDA | 148.71M | -97.16M | 3.74M | -8.62M |
| EBITDA Margin % | 46.99% | -14.65% | 0.31% | - |
| EBITDA Growth % | - | -165.34% | 103.85% | - |
| D&A (Non-Cash Add-back) | 39.66M | 39.62M | 37.38M | 9.89M |
| EBIT | 109.99M | -119.52M | -70.98M | -11.94M |
| Net Interest Income | -19.54M | -25.81M | -25.79M | -4.54M |
| Interest Income | 0 | 2.37M | 1.48M | -522.78K |
| Interest Expense | 19.54M | 28.17M | 27.27M | 4.01M |
| Other Income/Expense | -18.6M | -10.92M | -64.61M | -8.01M |
| Pretax Income | 90.44M▲ 0% | -147.7M▼ 263.3% | -98.25M▲ 33.5% | -26.52M▲ 0% |
| Pretax Margin % | 28.58% | -22.27% | -8.22% | -17.01% |
| Income Tax | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% |
| Net Income | 90.44M▲ 0% | -147.7M▼ 263.3% | -98.25M▲ 33.5% | -26.52M▲ 0% |
| Net Margin % | 28.58% | -22.27% | -8.22% | - |
| Net Income Growth % | - | -263.3% | 33.48% | - |
| Net Income (Continuing) | 90.44M | -147.7M | -98.25M | -26.52M |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 3.74▲ 0% | -6.09▼ 262.8% | -4.05▲ 33.5% | -▲ 0% |
| EPS Growth % | - | -262.83% | 33.5% | - |
| EPS (Basic) | 3.74 | -6.09 | -4.05 | - |
| Diluted Shares Outstanding | 24.2M | 24.24M | 24.24M | 24.24M |
| Basic Shares Outstanding | 24.2M | 24.24M | 24.24M | 24.24M |
| Dividend Payout Ratio | - | - | - | - |
CMDB Balance Sheet
Costamare Bulkers Holdings Ltd (CMDB) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|
| Total Current Assets | 151.49M | 252.42M | 240.02M | 284.47M |
| Cash & Short-Term Investments | 104.35M | 33.68M | 49.86M | 127.47M |
| Cash Only | 104.35M | 33.68M | 49.86M | 127.47M |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 24.68M | 47.16M | 49.5M | 44.4M |
| Days Sales Outstanding | 28.46 | 25.96 | 15.12 | 93.42 |
| Inventory | 10.02M | 47.64M | 44.5M | 34.66M |
| Days Inventory Outstanding | 87.71 | 28.55 | 15.35 | 85.04 |
| Other Current Assets | 12.44M | 123.94M | 96.16M | 77.94M |
| Total Non-Current Assets | 720.35M | 934.1M | 1B | 843.35M |
| Property, Plant & Equipment | 685.44M | 898.88M | 969.82M | 816.8M |
| Fixed Asset Turnover | 0.46x | 0.74x | 1.23x | 0.19x |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 7.08M |
| Other Non-Current Assets | 34.91M | 35.22M | 31.16M | 46.03M |
| Total Assets | 871.84M▲ 0% | 1.19B▲ 36.1% | 1.24B▲ 4.6% | 1.13B▲ 0% |
| Asset Turnover | 0.36x | 0.56x | 0.96x | 0.14x |
| Asset Growth % | - | 36.09% | 4.59% | 0% |
| Total Current Liabilities | 94.13M | 310.77M | 420.66M | 270.71M |
| Accounts Payable | 3.96M | 35.19M | 41.48M | 29M |
| Days Payables Outstanding | 34.69 | 21.08 | 14.3 | 71.15 |
| Short-Term Debt | 53.85M | 61.15M | 115.5M | 19.4M |
| Deferred Revenue (Current) | 4.07M | 27.84M | 22.91M | 15.72M |
| Other Current Liabilities | 473K | 3.54M | 18.37M | 15.42M |
| Current Ratio | 1.61x | 0.81x | 0.57x | 0.57x |
| Quick Ratio | 1.50x | 0.66x | 0.46x | 0.46x |
| Cash Conversion Cycle | 81.48 | 33.42 | 16.16 | 107.31 |
| Total Non-Current Liabilities | 331.7M | 401.06M | 398.32M | 182.43M |
| Long-Term Debt | 331.7M | 285.3M | 305.72M | 147.37M |
| Capital Lease Obligations | 0 | 114.06M | 87.42M | 66.91M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 1.7M | 5.17M | 3.21M |
| Total Liabilities | 425.83M | 711.83M | 818.98M | 453.14M |
| Total Debt | 385.55M | 621.51M | 713.83M | 367.11M |
| Net Debt | 281.2M | 587.83M | 663.97M | 239.64M |
| Debt / Equity | 0.86x | 1.31x | 1.69x | 1.69x |
| Debt / EBITDA | 2.59x | - | 191.07x | -42.59x |
| Net Debt / EBITDA | 1.89x | - | 177.72x | 177.72x |
| Interest Coverage | 5.58x | -4.86x | -1.23x | -2.97x |
| Total Equity | 446.01M▲ 0% | 474.69M▲ 6.4% | 422.02M▼ 11.1% | 674.68M▲ 0% |
| Equity Growth % | - | 6.43% | -11.1% | 0% |
| Book Value per Share | 18.43 | 19.58 | 17.41 | 27.83 |
| Total Shareholders' Equity | 446.01M | 474.69M | 422.02M | 674.68M |
| Common Stock | 142K | 250K | 250K | 2K |
| Retained Earnings | 147.89M | 194K | -98.06M | -26.51M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 5.99M | 904K | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
CMDB Cash Flow Statement
Costamare Bulkers Holdings Ltd (CMDB) cash flow — operating, investing & free cash flow history
| Line item | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|
| Cash from Operations | 117.6M | -196.79M | -55.53M | -55.53M |
| Operating CF Margin % | 37.16% | -29.68% | -4.65% | - |
| Operating CF Growth % | - | -267.35% | 71.78% | 0% |
| Net Income | 90.44M | -147.7M | -98.25M | -42.22M |
| Depreciation & Amortization | 39.66M | 39.62M | 37.38M | 18.82M |
| Stock-Based Compensation | 2.73M | 2.3M | 2.99M | 161.5K |
| Deferred Taxes | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 2.98M | 10M | 37.79M | 18.05M |
| Working Capital Changes | -18.23M | -101.02M | -35.44M | 32.71M |
| Change in Receivables | -9.18M | -36.66M | -37.53M | 10.72M |
| Change in Inventory | -2.5M | -37.62M | 3.14M | 8.36M |
| Change in Payables | -6.18M | 31.22M | 6.29M | 866.1K |
| Cash from Investing | -36.88M | -9.69M | -46.76M | 58.43M |
| Capital Expenditures | -55.72M | -75.93M | -172.86M | -8.04M |
| CapEx % of Revenue | 17.61% | 11.45% | 14.46% | - |
| Acquisitions | 0 | 0 | 0 | 56.6M |
| Investments | - | - | - | - |
| Other Investing | 18.84M | 66.24M | 126.11M | 9.86M |
| Cash from Financing | 26.03M | 133.25M | 116.92M | 119.39M |
| Debt Issued (Net) | 21.76M | -39.44M | 75.5M | -169.92M |
| Equity Issued (Net) | 1000K | 1000K | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 |
| Other Financing | -99.49M | 68.94M | 41.43M | 289.31M |
| Net Change in Cash | 106.75M▲ 0% | -73.23M▼ 168.6% | 14.64M▲ 120.0% | 149.64M▲ 0% |
| Free Cash Flow | 61.87M▲ 0% | -272.73M▼ 540.8% | -228.39M▲ 16.3% | 19.49M▲ 0% |
| FCF Margin % | 19.55% | -41.13% | -19.11% | - |
| FCF Growth % | - | -540.79% | 16.26% | - |
| FCF per Share | 2.56 | -11.25 | -9.42 | -9.42 |
| FCF Conversion (FCF/Net Income) | 1.30x | 1.33x | 0.57x | -0.73x |
| Interest Paid | 13.44M | 21.4M | 25.57M | 1.87M |
| Taxes Paid | 0 | 0 | 0 | 0 |
CMDB Key Ratios
Costamare Bulkers Holdings Ltd (CMDB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2023 | 2024 | TTM |
|---|---|---|---|
| Return on Equity (ROE) | -32.08% | -21.91% | -3.93% |
| Return on Invested Capital (ROIC) | -11.46% | -2.35% | -2.35% |
| Gross Margin | 8.13% | 11.46% | 4.57% |
| Net Margin | -22.27% | -8.22% | -17.01% |
| Debt / Equity | 1.31x | 1.69x | 1.69x |
| Interest Coverage | -4.86x | -1.23x | -2.97x |
| FCF Conversion | 1.33x | 0.57x | -0.73x |
| Revenue Growth | 109.54% | 80.27% | - |
CMDB Frequently Asked Questions
Costamare Bulkers Holdings Ltd (CMDB) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Costamare Bulkers Holdings Ltd (CMDB) reported $1.20B in revenue for fiscal year 2024. This represents a 278% increase from $316.5M in 2022.
Costamare Bulkers Holdings Ltd (CMDB) grew revenue by 80.3% over the past year. This is strong growth.
Costamare Bulkers Holdings Ltd (CMDB) reported a net loss of $98.3M for fiscal year 2024.
Dividend & Returns
Costamare Bulkers Holdings Ltd (CMDB) has a return on equity (ROE) of -21.9%. Negative ROE indicates the company is unprofitable.
Costamare Bulkers Holdings Ltd (CMDB) had negative free cash flow of $228.4M in fiscal year 2024, likely due to heavy capital investments.
Explore More CMDB
Costamare Bulkers Holdings Ltd (CMDB) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
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Dividend History
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Earnings History
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Price History
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Revenue History
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Financial Ratios
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Valuation
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