Costamare Inc. (CMRE) Financial Ratios
18 years of historical data (2008–2025) · Industrials · Marine Shipping
EV/EBITDA
↓
4.67
+2% vs avg
5yr avg: 4.58
30Y Low3.3·High12.9
P/FCF
↑
3.88
↓-47% vs avg
5yr avg: 7.27
30Y Low1.4·High18.9
P/B Ratio
↑
0.85
↑+53% vs avg
5yr avg: 0.55
30Y Low0.3·High1.9
ROE
↓
15.4%
↑-24% vs avg
5yr avg: 20.4%
30Y Low1%·High162%
Debt/EBITDA
↓
2.51
↓-30% vs avg
5yr avg: 3.60
30Y Low2.5·High9.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CMRE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Costamare Inc. trades at 5.3x earnings, 61% above its 5-year average of 3.3x, sitting at the 40th percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a discount of 79%. On a free-cash-flow basis, the stock trades at 3.9x P/FCF, 47% below the 5-year average of 7.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.8B | $1.9B | $1.1B | $929M | $846M | $1.2B | $741M | $818M | $360M | $430M | $321M |
| Enterprise Value | $2.8B | $2.9B | $2.8B | $2.8B | $2.7B | $3.4B | $2.2B | $2.2B | $1.9B | $1.5B | $1.6B |
| P/E Ratio → | 5.31 | 5.52 | 3.91 | 2.62 | 1.62 | 2.86 | — | 11.98 | 5.34 | 8.23 | 5.25 |
| P/S Ratio | 2.09 | 2.16 | 0.55 | 0.61 | 0.76 | 1.45 | 1.61 | 1.71 | 0.95 | 1.04 | 0.68 |
| P/B Ratio | 0.85 | 0.88 | 0.44 | 0.38 | 0.39 | 0.67 | 0.55 | 0.58 | 0.27 | 0.35 | 0.30 |
| P/FCF | 3.88 | 4.02 | 4.42 | 18.94 | 1.69 | — | 4.30 | 4.34 | — | 3.39 | 1.43 |
| P/OCF | 3.38 | 3.51 | 2.11 | 2.80 | 1.50 | 2.47 | 2.70 | 3.27 | 2556.02 | 2.25 | 1.41 |
P/E links to full P/E history page with 30-year chart
CMRE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Costamare Inc.'s enterprise value stands at 4.7x EBITDA, roughly in line with its 5-year average of 4.6x. The Industrials sector median is 13.9x, placing the stock at a 66% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.29 | 1.34 | 1.87 | 2.44 | 4.33 | 4.73 | 4.64 | 4.98 | 3.58 | 3.35 |
| EV / EBITDA | 4.67 | 4.78 | 4.45 | 4.46 | 3.27 | 5.95 | 12.87 | 7.73 | 8.58 | 6.12 | 5.71 |
| EV / EBIT | 6.21 | 6.36 | 6.10 | 5.31 | 4.10 | 6.78 | 30.19 | 11.99 | 15.89 | 10.42 | 10.99 |
| EV / FCF | — | 6.11 | 10.82 | 57.73 | 5.42 | — | 12.63 | 11.76 | — | 11.63 | 7.02 |
CMRE Profitability
Margins and return-on-capital ratios measuring operating efficiency
Costamare Inc. earns an operating margin of 51.7%, significantly above the Industrials sector average of 4.3%. Operating margins have expanded from 31.0% to 51.7% over the past 3 years, signaling improving operational efficiency. ROE of 15.4% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 9.3% represents adequate returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.3% | 57.3% | 26.7% | 28.9% | 53.9% | 55.7% | 46.0% | 47.9% | 39.2% | 46.2% | 51.6% |
| Operating Margin | 51.7% | 51.7% | 22.2% | 31.0% | 59.5% | 55.6% | 13.1% | 36.2% | 30.8% | 33.2% | 35.5% |
| Net Profit Margin | 41.5% | 41.5% | 15.4% | 25.5% | 49.8% | 54.8% | 1.9% | 20.7% | 17.7% | 17.7% | 17.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.4% | 15.4% | 12.8% | 16.8% | 28.6% | 28.3% | 0.6% | 7.2% | 5.2% | 6.4% | 8.0% |
| ROA | 8.1% | 8.1% | 6.1% | 7.6% | 11.9% | 11.7% | 0.3% | 3.3% | 2.4% | 2.9% | 3.1% |
| ROIC | 9.3% | 9.3% | 8.1% | 8.4% | 12.4% | 9.7% | 1.6% | 4.6% | 3.4% | 4.5% | 5.2% |
| ROCE | 11.5% | 11.5% | 10.2% | 10.3% | 15.6% | 12.9% | 2.2% | 6.2% | 4.6% | 6.1% | 7.1% |
CMRE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Costamare Inc. carries a Debt/EBITDA ratio of 2.5x, which is moderately leveraged (22% below the sector average of 3.2x). Net debt stands at $987M ($1.5B total debt minus $528M cash). Interest coverage of 5.0x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.70 | 0.70 | 0.92 | 1.09 | 1.20 | 1.48 | 1.18 | 1.10 | 1.21 | 1.00 | 1.32 |
| Debt / EBITDA | 2.51 | 2.51 | 3.76 | 4.18 | 3.12 | 4.43 | 9.37 | 5.42 | 7.47 | 5.07 | 5.15 |
| Net Debt / Equity | — | 0.46 | 0.64 | 0.78 | 0.86 | 1.32 | 1.06 | 0.99 | 1.13 | 0.86 | 1.16 |
| Net Debt / EBITDA | 1.64 | 1.64 | 2.63 | 3.00 | 2.25 | 3.95 | 8.49 | 4.88 | 6.95 | 4.33 | 4.55 |
| Debt / FCF | — | 2.09 | 6.40 | 38.79 | 3.73 | — | 8.33 | 7.42 | — | 8.24 | 5.58 |
| Interest Coverage | 4.97 | 4.97 | 3.04 | 3.50 | 6.17 | 7.06 | 1.07 | 2.03 | 1.86 | 1.96 | 2.34 |
CMRE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.73x means Costamare Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.73 | 1.73 | 1.40 | 1.69 | 2.40 | 1.15 | 0.93 | 0.74 | 0.76 | 0.82 | 0.75 |
| Quick Ratio | 1.70 | 1.70 | 1.32 | 1.59 | 2.33 | 1.09 | 0.88 | 0.70 | 0.71 | 0.78 | 0.71 |
| Cash Ratio | 1.37 | 1.37 | 1.03 | 1.23 | 1.98 | 0.75 | 0.72 | 0.58 | 0.51 | 0.65 | 0.59 |
| Asset Turnover | — | 0.23 | 0.40 | 0.29 | 0.23 | 0.18 | 0.15 | 0.16 | 0.12 | 0.17 | 0.18 |
| Inventory Turnover | 26.56 | 26.56 | 26.49 | 17.55 | 18.30 | 16.46 | 23.79 | 23.62 | 20.99 | 22.98 | 19.87 |
| Days Sales Outstanding | — | 10.08 | 13.19 | 20.05 | 15.43 | 14.86 | 8.68 | 12.80 | 16.10 | 7.85 | 6.01 |
CMRE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Costamare Inc. returns 4.3% to shareholders annually primarily through dividends. The payout ratio of 21.7% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 18.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.3% | 4.2% | 6.5% | 7.7% | 14.1% | 6.2% | 8.8% | 7.2% | 13.7% | 8.8% | 23.4% |
| Payout Ratio | 21.7% | 21.7% | 23.2% | 18.6% | 21.5% | 16.4% | 737.5% | 59.2% | 73.1% | 51.8% | 91.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 18.8% | 18.1% | 25.6% | 38.2% | 61.9% | 35.0% | — | 8.3% | 18.7% | 12.1% | 19.0% |
| FCF Yield | 25.8% | 24.9% | 22.6% | 5.3% | 59.2% | — | 23.3% | 23.0% | — | 29.5% | 69.8% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 6.5% | 7.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.3% | 4.2% | 6.5% | 14.2% | 21.2% | 6.2% | 8.8% | 7.2% | 13.7% | 8.8% | 23.4% |
| Shares Outstanding | — | $120M | $119M | $120M | $123M | $123M | $121M | $116M | $110M | $101M | $77M |
Peer Comparison
Compare CMRE with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CMREYou | $2B | 5.3 | 4.7 | 3.9 | 57.3% | 51.7% | 15.4% | 9.3% | 2.5 |
 DAC | $2B | 4.7 | 3.4 | 7.1 | 80.0% | 47.8% | 13.7% | 9.8% | 1.6 |
 GSL | $1B | 3.3 | 3.3 | 3.8 | 53.6% | 50.7% | 25.5% | 14.0% | 1.3 |
 MPC | $71B | 18.3 | 11.3 | 14.9 | 7.5% | 4.3% | 16.7% | 8.3% | 3.8 |
 ZIM | $3B | 6.1 | 3.6 | 1.8 | 16.8% | 12.2% | 11.9% | 7.3% | 2.7 |
 SBLK | $3B | 35.4 | 11.4 | 14.0 | 22.5% | 13.5% | 3.4% | 3.2% | 3.5 |
 NMM | $2B | 7.3 | 5.4 | — | 64.5% | 29.1% | 8.9% | 6.1% | 3.2 |
 SB | $682M | 22.3 | 8.3 | 11.3 | 35.9% | 25.1% | 4.6% | 4.1% | 4.2 |
 MATX | $6B | 13.8 | 8.0 | 37.8 | 22.8% | 14.0% | 16.4% | 10.8% | 0.9 |
 EXPD | $21B | 27.1 | 18.7 | 22.5 | 15.3% | 9.5% | 35.5% | 48.4% | 0.5 |
 CHRW | $22B | 38.3 | 26.1 | 24.5 | 8.4% | 4.9% | 32.9% | 18.0% | 1.8 |
| Industrials Median | — | 25.5 | 13.9 | 20.1 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 18 years · Updated daily
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CMRE — Frequently Asked Questions
Quick answers to the most common questions about buying CMRE stock.
What is Costamare Inc.'s P/E ratio?
Costamare Inc.'s current P/E ratio is 5.3x. The historical average is 6.2x. This places it at the 40th percentile of its historical range.
What is Costamare Inc.'s EV/EBITDA?
Costamare Inc.'s current EV/EBITDA is 4.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.1x.
What is Costamare Inc.'s ROE?
Costamare Inc.'s return on equity (ROE) is 15.4%. The historical average is 24.5%.
Is CMRE stock overvalued?
Based on historical data, Costamare Inc. is trading at a P/E of 5.3x. This is at the 40th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Costamare Inc.'s dividend yield?
Costamare Inc.'s current dividend yield is 4.34% with a payout ratio of 21.7%.
What are Costamare Inc.'s profit margins?
Costamare Inc. has 57.3% gross margin and 51.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Costamare Inc. have?
Costamare Inc.'s Debt/EBITDA ratio is 2.5x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.