Castor Maritime Inc. (CTRM) 10-Year Financial Performance & Capital Metrics

CTRM • • Industrial / General

IndustrialsMarine ShippingTanker ShippingTanker Operators

AboutCastor Maritime Inc. provides shipping services worldwide. The company operates through three segments: Dry Bulk, Aframax/LR2 Tanker, and Handysize Tanker. It offers seaborne transportation services for dry bulk cargo; commodities, such as iron ore, coal, soybeans, etc.; and crude oil and refined petroleum products. As of December 31, 2021, the company owned and operated a fleet of 29 vessels primarily consisting of two Handysize tanker vessels, seven Aframax/LR2 tanker vessels, and 14 dry bulk vessels. Castor Maritime Inc. was incorporated in 2017 and is based in Limassol, Cyprus.Show more

Revenue $66M -32.1%
EBITDA $17M -61.4%
Net Income $15M -62.2%
EPS (Diluted) 0.87 -48.2%
Gross Margin 29.67% +1.6%
EBITDA Margin 26.18% -43.2%
Operating Margin 2.26% -90.0%
Net Margin 22.07% -44.3%
ROE 2.57% -67.6%
ROIC 0.2% -94.1%
Debt/Equity 0.18 +9.0%
Interest Coverage 0.25 -87.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 68.1%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 61.8%
✓Healthy dividend yield of 3.1%
✓Healthy 5Y average net margin of 33.2%
✓Trading at only 0.1x book value

✗Weaknesses

✗Negative free cash flow
✗Shares diluted 76.5% in last year
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y61.83%

3Y-20.54%

TTM-19.63%

Profit (Net Income) CAGR

10Y-

5Y68.13%

3Y-34.6%

TTM-168.48%

EPS CAGR

10Y-

5Y-51.1%

3Y-43.21%

TTM-224.91%

ROCE

10Y Avg8.22%

5Y Avg8.41%

3Y Avg6.17%

Latest0.23%

Peer Comparison

Tanker Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
KNOPKNOT Offshore Partners LP	357.47M	10.50	50	7.54%	10%	5.46%	38.1%	1.48
KEXKirby Corporation	6.85B	126.31	25.73	5.64%	9.22%	9.09%	6.04%	0.32
NATNordic American Tankers Limited	866.06M	4.09	18.59	-10.71%	0.68%	0.41%	14.5%	0.53
ECOOkeanis Eco Tankers Corp.	1.39B	39.25	11.61	-4.81%	21.92%	17.84%	11.05%	1.57
TOROToro Corp.	119.61M	5.57	5.11	-71.46%	24.65%	1.55%	12.08%
TOPSTop Ships Inc.	24.57M	5.31	4.87	3.83%	1.19%	0.8%	70.51%	1.74
HAFNHafnia Limited	2.9B	5.83	3.89	7.37%	18.36%	18.82%	33.78%	0.50
ASCArdmore Shipping Corporation	482.27M	11.85	3.87	2.48%	11.5%	5.42%	20.62%	0.07

Profit & Loss

	Sep 2017	Sep 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.02M	3.96M	5.97M	12.49M	132.05M	150.22M	97.52M	66.24M
Revenue Growth %	-	0.96%	0.51%	1.09%	9.57%	0.14%	-0.35%	-0.32%
Cost of Goods Sold+	1.46M	2.4M	3.96M	9.94M	66.52M	63.52M	69.04M	46.59M
COGS % of Revenue	0.72%	0.61%	0.66%	0.8%	0.5%	0.42%	0.71%	0.7%
Gross Profit+	559.87K	1.56M	2.01M	2.55M	65.53M	86.7M	28.47M	19.65M
Gross Margin %	0.28%	0.39%	0.34%	0.2%	0.5%	0.58%	0.29%	0.3%
Gross Profit Growth %	-	1.78%	0.29%	0.27%	24.69%	0.32%	-0.67%	-0.31%
Operating Expenses+	149.94K	570.88K	591.08K	2.1M	10.01M	13.61M	6.46M	18.16M
OpEx % of Revenue	0.07%	0.14%	0.1%	0.17%	0.08%	0.09%	0.07%	0.27%
Selling, General & Admin	149.94K	570.88K	591.08K	2.06M	10.01M	16.44M	12.85M	18.16M
SG&A % of Revenue	0.07%	0.14%	0.1%	0.17%	0.08%	0.11%	0.13%	0.27%
Research & Development	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	37.1K	0	-2.83M	-6.38M	0
Operating Income+	409.93K	987.19K	1.42M	452.03K	55.52M	73.09M	22.01M	1.49M
Operating Margin %	0.2%	0.25%	0.24%	0.04%	0.42%	0.49%	0.23%	0.02%
Operating Income Growth %	-	1.41%	0.43%	-0.68%	121.82%	0.32%	-0.7%	-0.93%
EBITDA+	592.27K	1.7M	2.31M	2.36M	69.88M	91.63M	44.97M	17.34M
EBITDA Margin %	0.29%	0.43%	0.39%	0.19%	0.53%	0.61%	0.46%	0.26%
EBITDA Growth %	-	1.86%	0.36%	0.02%	28.65%	0.31%	-0.51%	-0.61%
D&A (Non-Cash Add-back)	182.35K	709.51K	897.17K	1.9M	14.36M	18.54M	22.97M	15.85M
EBIT	409.93K	1.11M	1.31M	457.69K	55.62M	73.75M	32.74M	21.53M
Net Interest Income+	-532	29.86K	-190.57K	-2.15M	-2.78M	-6.33M	-8.05M	796.36K
Interest Income	0	31.94K	31.59K	34.98K	75.12K	1.36M	3.21M	6.88M
Interest Expense	532	2.08K	222.16K	2.19M	2.85M	7.68M	11.26M	6.09M
Other Income/Expense	468.72K	-6.25K	-327.2K	-2.18M	-2.75M	-6.16M	-526.96K	13.94M
Pretax Income+	878.64K	980.94K	1.09M	-1.73M	52.77M	66.93M	21.48M	15.44M
Pretax Margin %	0.44%	0.25%	0.18%	-0.14%	0.4%	0.45%	0.22%	0.23%
Income Tax+	0	0	0	21.64K	497.34K	388.67K	177.79K	133.99K
Effective Tax Rate %	1%	1%	1%	1.01%	0.99%	1.77%	1.8%	0.95%
Net Income+	878.64K	980.94K	1.09M	-1.75M	52.27M	118.56M	38.64M	14.62M
Net Margin %	0.44%	0.25%	0.18%	-0.14%	0.4%	0.79%	0.4%	0.22%
Net Income Growth %	-	0.12%	0.11%	-2.61%	30.81%	1.27%	-0.67%	-0.62%
Net Income (Continuing)	878.64K	980.94K	1.09M	-1.75M	52.27M	66.54M	21.3M	15.3M
Discontinued Operations	0	0	0	0	0	52.02M	17.34M	0
Minority Interest	0	0	0	0	0	0	0	55.34M
EPS (Diluted)+	35.39	-119.38	31.13	-2.59	4.75	12.53	1.68	0.87
EPS Growth %	-	-4.37%	1.26%	-1.08%	2.83%	1.64%	-0.87%	-0.48%
EPS (Basic)	35.39	-27.74	31.13	-2.59	4.83	12.53	3.86	3.50
Diluted Shares Outstanding	24K	24K	26.62K	677.35K	8.53M	9.46M	21.95M	38.75M
Basic Shares Outstanding	24K	24K	26.62K	677.35K	8.39M	9.46M	9.57M	9.66M
Dividend Payout Ratio	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2017	Sep 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.35M	2.11M	6.22M	13.56M	55M	166.24M	242.28M	253.86M
Cash & Short-Term Investments	836.47K	1.74M	4.56M	8.93M	37.17M	100.59M	188.47M	157.02M
Cash Only	836.47K	1.74M	4.56M	8.93M	37.17M	100.59M	111.38M	87.9M
Short-Term Investments	0	0	0	0	0	0	77.09M	69.12M
Accounts Receivable	438.87K	2.45K	975.87K	2.86M	8.22M	5.37M	8.57M	20.98M
Days Sales Outstanding	79.38	0.23	59.69	83.63	22.73	13.05	32.06	115.59
Inventory	46.59K	60.7K	143.53K	714.82K	4.44M	1.94M	977.64K	1.55M
Days Inventory Outstanding	11.66	9.22	13.23	26.26	24.35	11.15	5.17	12.16
Other Current Assets	0	263.08K	167.3K	0	2.57M	56.27M	46.63M	74.31M
Total Non-Current Assets+	7.37M	7.51M	24.2M	60.81M	407.91M	466.68M	362.77M	543.52M
Property, Plant & Equipment	7.37M	7.07M	23.7M	58.05M	396.33M	435.89M	229.54M	210.21M
Fixed Asset Turnover	0.27x	0.56x	0.25x	0.22x	0.33x	0.34x	0.42x	0.32x
Goodwill	0	0	0	0	0	0	0	17.93M
Intangible Assets	0	0	0	0	0	0	0	19.32M
Long-Term Investments	0	0	500K	500K	4.64M	11.06M	117.54M	288.18M
Other Non-Current Assets	0	443.39K	0	2.26M	6.94M	19.72M	15.69M	6.03M
Total Assets+	8.72M	9.62M	30.42M	74.37M	462.91M	632.92M	605.04M	797.38M
Asset Turnover	0.23x	0.41x	0.20x	0.17x	0.29x	0.24x	0.16x	0.08x
Asset Growth %	-	0.1%	2.16%	1.44%	5.22%	0.37%	-0.04%	0.32%
Total Current Liabilities+	224.27K	432.81K	2.98M	10.9M	34.03M	51.36M	28.6M	64.4M
Accounts Payable	105.1K	33.48K	410.59K	2.08M	5.04M	7.82M	2.83M	2.13M
Days Payables Outstanding	26.31	5.09	37.83	76.35	27.67	44.95	14.98	16.66
Short-Term Debt	0	0	1.52M	7.1M	16.09M	29.17M	17.68M	11.02M
Deferred Revenue (Current)	0	47.71K	493.01K	108.13K	1000K	1000K	1000K	578.45K
Other Current Liabilities	0	0	0	0	4.51M	6.29M	2.41M	19.05M
Current Ratio	6.02x	4.88x	2.09x	1.24x	1.62x	3.24x	8.47x	3.94x
Quick Ratio	5.82x	4.73x	2.04x	1.18x	1.49x	3.20x	8.44x	3.92x
Cash Conversion Cycle	64.73	4.36	35.08	33.54	19.41	-20.75	22.25	111.09
Total Non-Current Liabilities+	105.1K	292.08K	14.23M	11.08M	85.95M	120.06M	65.71M	107.51M
Long-Term Debt	0	0	14.23M	11.08M	85.95M	109.6M	65.71M	92.53M
Capital Lease Obligations	0	0	0	0	0	0	0	6.72M
Deferred Tax Liabilities	0	0	0	0	0	0	0	8.1M
Other Non-Current Liabilities	0	0	0	0	0	10.46M	0	166.16K
Total Liabilities	224.27K	149.22K	17.22M	21.99M	119.98M	171.43M	94.31M	171.91M
Total Debt+	0	0	15.76M	18.19M	102.04M	138.77M	83.39M	111.32M
Net Debt	-836.47K	-1.74M	11.2M	9.26M	64.87M	38.18M	-27.99M	23.42M
Debt / Equity	-	-	1.19x	0.35x	0.30x	0.30x	0.16x	0.18x
Debt / EBITDA	-	-	6.81x	7.72x	1.46x	1.51x	1.85x	6.42x
Net Debt / EBITDA	-1.41x	-1.03x	4.84x	3.93x	0.93x	0.42x	-0.62x	1.35x
Interest Coverage	770.54x	475.52x	6.37x	0.21x	19.45x	9.52x	1.95x	0.25x
Total Equity+	8.49M	9.47M	13.2M	52.38M	342.93M	461.5M	510.73M	625.47M
Equity Growth %	-	0.12%	0.39%	2.97%	5.55%	0.35%	0.11%	0.22%
Book Value per Share	353.90	394.77	495.96	77.34	40.19	48.78	23.26	16.14
Total Shareholders' Equity	8.49M	9.47M	13.2M	52.38M	342.93M	461.5M	510.73M	570.13M
Common Stock	2.4K	2.4K	3.32K	131.21K	94.61K	94.61K	9.66K	9.66K
Retained Earnings	878.64K	1.86M	436.8K	-1.32M	39.18M	157.74M	194.72M	228.53M
Treasury Stock	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	-1.51M
Minority Interest	0	0	0	0	0	0	0	55.34M

Cash Flow

	Sep 2017	Sep 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	770.75K	902.71K	2.31M	-2.34M	60.78M	123.75M	42.59M	41.91M
Operating CF Margin %	0.38%	0.23%	0.39%	-0.19%	0.46%	0.82%	0.44%	0.63%
Operating CF Growth %	-	0.17%	1.56%	-2.01%	26.93%	1.04%	-0.66%	-0.02%
Net Income	878.64K	980.94K	1.09M	-1.75M	52.27M	118.56M	21.3M	15.3M
Depreciation & Amortization	182.35K	637.61K	897.17K	1.9M	14.36M	25.83M	22.97M	15.04M
Stock-Based Compensation	0	0	0	0	0	0	0	9.49K
Deferred Taxes	0	0	0	0	0	0	0	0
Other Non-Cash Items	0	0	-18.81K	-400.5K	-5.25M	-6.81M	11.13M	-345.49K
Working Capital Changes	-290.24K	-715.84K	345.45K	-2.09M	-604.63K	-13.83M	-12.81M	11.9M
Change in Receivables	-342.61K	340.15K	454.49K	-1.12M	-6.92M	-5.37M	-4.73M	3.5M
Change in Inventory	-46.59K	-14.11K	-86K	-571.28K	-3.72M	1.6M	539.74K	-260K
Change in Payables	105.1K	-71.62K	129.2K	584.53K	3.07M	4.65M	-3.26M	-1.79M
Cash from Investing+	-7.55M	-7.55M	-17.23M	-35.47M	-348.64M	-63.74M	-9.12M	-133.48M
Capital Expenditures	-7.55M	0	-17.23M	-35.47M	-348.64M	-76.41M	-623.28K	-72.17M
CapEx % of Revenue	3.74%	0%	2.89%	2.84%	2.64%	0.51%	0.01%	1.09%
Acquisitions	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-
Other Investing	0	-7.55M	0	0	0	12.64M	-153.86K	109.28M
Cash from Financing+	7.62M	7.62M	18.09M	42.18M	321.82M	48.9M	-64.88M	59.56M
Debt Issued (Net)	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	-3.38T	0	0	-479.17K	-2.5M
Share Repurchases	-	-	-	-	-	-	-	-
Other Financing	0	7.62M	-538.46K	3.38T	1.91M	-4.04M	-11.01M	-1.07M
Net Change in Cash	-	-	-	-	-	-	-	-
Free Cash Flow+	-6.78M	902.71K	-14.92M	-37.82M	-287.87M	47.35M	41.97M	-30.26M
FCF Margin %	-3.36%	0.23%	-2.5%	-3.03%	-2.18%	0.32%	0.43%	-0.46%
FCF Growth %	-	1.13%	-17.52%	-1.54%	-6.61%	1.16%	-0.11%	-1.72%
FCF per Share	-282.44	37.61	-560.25	-55.83	-33.73	5.00	1.91	-0.78
FCF Conversion (FCF/Net Income)	0.88x	0.92x	2.12x	1.34x	1.16x	1.04x	1.10x	2.87x
Interest Paid	0	0	0	0	0	0	0	3.2M
Taxes Paid	0	0	0	0	0	0	0	33.05K

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.34%	10.92%	9.6%	-5.35%	26.44%	29.48%	7.95%	2.57%
Return on Invested Capital (ROIC)	-	9.62%	6.61%	0.79%	17.74%	12.08%	3.36%	0.2%
Gross Margin	27.74%	39.34%	33.62%	20.42%	49.63%	57.72%	29.2%	29.67%
Net Margin	43.54%	24.77%	18.23%	-14.04%	39.58%	78.93%	39.63%	22.07%
Debt / Equity	-	-	1.19x	0.35x	0.30x	0.30x	0.16x	0.18x
Interest Coverage	770.54x	475.52x	6.37x	0.21x	19.45x	9.52x	1.95x	0.25x
FCF Conversion	0.88x	0.92x	2.12x	1.34x	1.16x	1.04x	1.10x	2.87x
Revenue Growth	-	96.27%	50.67%	109.25%	957.44%	13.76%	-35.08%	-32.07%

Revenue by Segment

	2024
Asset Management	1.17M
Asset Management Growth	-

Frequently Asked Questions

Valuation & Price

Castor Maritime Inc. (CTRM) has a price-to-earnings (P/E) ratio of 2.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Castor Maritime Inc. (CTRM) reported $67.9M in revenue for fiscal year 2024. This represents a 3263% increase from $2.0M in 2017.

Castor Maritime Inc. (CTRM) saw revenue decline by 32.1% over the past year.

Castor Maritime Inc. (CTRM) reported a net loss of $44.4M for fiscal year 2024.

Dividend & Returns

Yes, Castor Maritime Inc. (CTRM) pays a dividend with a yield of 3.06%. This makes it attractive for income-focused investors.

Castor Maritime Inc. (CTRM) has a return on equity (ROE) of 2.6%. This is below average, suggesting room for improvement.

Castor Maritime Inc. (CTRM) had negative free cash flow of $58.4M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Castor Maritime Inc. (CTRM) 10-Year Financial Performance & Capital Metrics

CTRM • • Industrial / General

IndustrialsMarine ShippingTanker ShippingTanker Operators

Revenue $66M -32.1%
EBITDA $17M -61.4%
Net Income $15M -62.2%
EPS (Diluted) 0.87 -48.2%
Gross Margin 29.67% +1.6%
EBITDA Margin 26.18% -43.2%
Operating Margin 2.26% -90.0%
Net Margin 22.07% -44.3%
ROE 2.57% -67.6%
ROIC 0.2% -94.1%
Debt/Equity 0.18 +9.0%
Interest Coverage 0.25 -87.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 68.1%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 61.8%
✓Healthy dividend yield of 3.1%
✓Healthy 5Y average net margin of 33.2%
✓Trading at only 0.1x book value

✗Weaknesses

✗Negative free cash flow
✗Shares diluted 76.5% in last year
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y61.83%

3Y-20.54%

TTM-19.63%

Profit (Net Income) CAGR

10Y-

5Y68.13%

3Y-34.6%

TTM-168.48%

EPS CAGR

10Y-

5Y-51.1%

3Y-43.21%

TTM-224.91%

ROCE

10Y Avg8.22%

5Y Avg8.41%

3Y Avg6.17%

Latest0.23%

Peer Comparison

Tanker Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
KNOPKNOT Offshore Partners LP	357.47M	10.50	50	7.54%	10%	5.46%	38.1%	1.48
KEXKirby Corporation	6.85B	126.31	25.73	5.64%	9.22%	9.09%	6.04%	0.32
NATNordic American Tankers Limited	866.06M	4.09	18.59	-10.71%	0.68%	0.41%	14.5%	0.53
ECOOkeanis Eco Tankers Corp.	1.39B	39.25	11.61	-4.81%	21.92%	17.84%	11.05%	1.57
TOROToro Corp.	119.61M	5.57	5.11	-71.46%	24.65%	1.55%	12.08%
TOPSTop Ships Inc.	24.57M	5.31	4.87	3.83%	1.19%	0.8%	70.51%	1.74
HAFNHafnia Limited	2.9B	5.83	3.89	7.37%	18.36%	18.82%	33.78%	0.50
ASCArdmore Shipping Corporation	482.27M	11.85	3.87	2.48%	11.5%	5.42%	20.62%	0.07

Profit & Loss

	Sep 2017	Sep 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.02M	3.96M	5.97M	12.49M	132.05M	150.22M	97.52M	66.24M
Revenue Growth %	-	0.96%	0.51%	1.09%	9.57%	0.14%	-0.35%	-0.32%
Cost of Goods Sold+	1.46M	2.4M	3.96M	9.94M	66.52M	63.52M	69.04M	46.59M
COGS % of Revenue	0.72%	0.61%	0.66%	0.8%	0.5%	0.42%	0.71%	0.7%
Gross Profit+	559.87K	1.56M	2.01M	2.55M	65.53M	86.7M	28.47M	19.65M
Gross Margin %	0.28%	0.39%	0.34%	0.2%	0.5%	0.58%	0.29%	0.3%
Gross Profit Growth %	-	1.78%	0.29%	0.27%	24.69%	0.32%	-0.67%	-0.31%
Operating Expenses+	149.94K	570.88K	591.08K	2.1M	10.01M	13.61M	6.46M	18.16M
OpEx % of Revenue	0.07%	0.14%	0.1%	0.17%	0.08%	0.09%	0.07%	0.27%
Selling, General & Admin	149.94K	570.88K	591.08K	2.06M	10.01M	16.44M	12.85M	18.16M
SG&A % of Revenue	0.07%	0.14%	0.1%	0.17%	0.08%	0.11%	0.13%	0.27%
Research & Development	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	37.1K	0	-2.83M	-6.38M	0
Operating Income+	409.93K	987.19K	1.42M	452.03K	55.52M	73.09M	22.01M	1.49M
Operating Margin %	0.2%	0.25%	0.24%	0.04%	0.42%	0.49%	0.23%	0.02%
Operating Income Growth %	-	1.41%	0.43%	-0.68%	121.82%	0.32%	-0.7%	-0.93%
EBITDA+	592.27K	1.7M	2.31M	2.36M	69.88M	91.63M	44.97M	17.34M
EBITDA Margin %	0.29%	0.43%	0.39%	0.19%	0.53%	0.61%	0.46%	0.26%
EBITDA Growth %	-	1.86%	0.36%	0.02%	28.65%	0.31%	-0.51%	-0.61%
D&A (Non-Cash Add-back)	182.35K	709.51K	897.17K	1.9M	14.36M	18.54M	22.97M	15.85M
EBIT	409.93K	1.11M	1.31M	457.69K	55.62M	73.75M	32.74M	21.53M
Net Interest Income+	-532	29.86K	-190.57K	-2.15M	-2.78M	-6.33M	-8.05M	796.36K
Interest Income	0	31.94K	31.59K	34.98K	75.12K	1.36M	3.21M	6.88M
Interest Expense	532	2.08K	222.16K	2.19M	2.85M	7.68M	11.26M	6.09M
Other Income/Expense	468.72K	-6.25K	-327.2K	-2.18M	-2.75M	-6.16M	-526.96K	13.94M
Pretax Income+	878.64K	980.94K	1.09M	-1.73M	52.77M	66.93M	21.48M	15.44M
Pretax Margin %	0.44%	0.25%	0.18%	-0.14%	0.4%	0.45%	0.22%	0.23%
Income Tax+	0	0	0	21.64K	497.34K	388.67K	177.79K	133.99K
Effective Tax Rate %	1%	1%	1%	1.01%	0.99%	1.77%	1.8%	0.95%
Net Income+	878.64K	980.94K	1.09M	-1.75M	52.27M	118.56M	38.64M	14.62M
Net Margin %	0.44%	0.25%	0.18%	-0.14%	0.4%	0.79%	0.4%	0.22%
Net Income Growth %	-	0.12%	0.11%	-2.61%	30.81%	1.27%	-0.67%	-0.62%
Net Income (Continuing)	878.64K	980.94K	1.09M	-1.75M	52.27M	66.54M	21.3M	15.3M
Discontinued Operations	0	0	0	0	0	52.02M	17.34M	0
Minority Interest	0	0	0	0	0	0	0	55.34M
EPS (Diluted)+	35.39	-119.38	31.13	-2.59	4.75	12.53	1.68	0.87
EPS Growth %	-	-4.37%	1.26%	-1.08%	2.83%	1.64%	-0.87%	-0.48%
EPS (Basic)	35.39	-27.74	31.13	-2.59	4.83	12.53	3.86	3.50
Diluted Shares Outstanding	24K	24K	26.62K	677.35K	8.53M	9.46M	21.95M	38.75M
Basic Shares Outstanding	24K	24K	26.62K	677.35K	8.39M	9.46M	9.57M	9.66M
Dividend Payout Ratio	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2017	Sep 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.35M	2.11M	6.22M	13.56M	55M	166.24M	242.28M	253.86M
Cash & Short-Term Investments	836.47K	1.74M	4.56M	8.93M	37.17M	100.59M	188.47M	157.02M
Cash Only	836.47K	1.74M	4.56M	8.93M	37.17M	100.59M	111.38M	87.9M
Short-Term Investments	0	0	0	0	0	0	77.09M	69.12M
Accounts Receivable	438.87K	2.45K	975.87K	2.86M	8.22M	5.37M	8.57M	20.98M
Days Sales Outstanding	79.38	0.23	59.69	83.63	22.73	13.05	32.06	115.59
Inventory	46.59K	60.7K	143.53K	714.82K	4.44M	1.94M	977.64K	1.55M
Days Inventory Outstanding	11.66	9.22	13.23	26.26	24.35	11.15	5.17	12.16
Other Current Assets	0	263.08K	167.3K	0	2.57M	56.27M	46.63M	74.31M
Total Non-Current Assets+	7.37M	7.51M	24.2M	60.81M	407.91M	466.68M	362.77M	543.52M
Property, Plant & Equipment	7.37M	7.07M	23.7M	58.05M	396.33M	435.89M	229.54M	210.21M
Fixed Asset Turnover	0.27x	0.56x	0.25x	0.22x	0.33x	0.34x	0.42x	0.32x
Goodwill	0	0	0	0	0	0	0	17.93M
Intangible Assets	0	0	0	0	0	0	0	19.32M
Long-Term Investments	0	0	500K	500K	4.64M	11.06M	117.54M	288.18M
Other Non-Current Assets	0	443.39K	0	2.26M	6.94M	19.72M	15.69M	6.03M
Total Assets+	8.72M	9.62M	30.42M	74.37M	462.91M	632.92M	605.04M	797.38M
Asset Turnover	0.23x	0.41x	0.20x	0.17x	0.29x	0.24x	0.16x	0.08x
Asset Growth %	-	0.1%	2.16%	1.44%	5.22%	0.37%	-0.04%	0.32%
Total Current Liabilities+	224.27K	432.81K	2.98M	10.9M	34.03M	51.36M	28.6M	64.4M
Accounts Payable	105.1K	33.48K	410.59K	2.08M	5.04M	7.82M	2.83M	2.13M
Days Payables Outstanding	26.31	5.09	37.83	76.35	27.67	44.95	14.98	16.66
Short-Term Debt	0	0	1.52M	7.1M	16.09M	29.17M	17.68M	11.02M
Deferred Revenue (Current)	0	47.71K	493.01K	108.13K	1000K	1000K	1000K	578.45K
Other Current Liabilities	0	0	0	0	4.51M	6.29M	2.41M	19.05M
Current Ratio	6.02x	4.88x	2.09x	1.24x	1.62x	3.24x	8.47x	3.94x
Quick Ratio	5.82x	4.73x	2.04x	1.18x	1.49x	3.20x	8.44x	3.92x
Cash Conversion Cycle	64.73	4.36	35.08	33.54	19.41	-20.75	22.25	111.09
Total Non-Current Liabilities+	105.1K	292.08K	14.23M	11.08M	85.95M	120.06M	65.71M	107.51M
Long-Term Debt	0	0	14.23M	11.08M	85.95M	109.6M	65.71M	92.53M
Capital Lease Obligations	0	0	0	0	0	0	0	6.72M
Deferred Tax Liabilities	0	0	0	0	0	0	0	8.1M
Other Non-Current Liabilities	0	0	0	0	0	10.46M	0	166.16K
Total Liabilities	224.27K	149.22K	17.22M	21.99M	119.98M	171.43M	94.31M	171.91M
Total Debt+	0	0	15.76M	18.19M	102.04M	138.77M	83.39M	111.32M
Net Debt	-836.47K	-1.74M	11.2M	9.26M	64.87M	38.18M	-27.99M	23.42M
Debt / Equity	-	-	1.19x	0.35x	0.30x	0.30x	0.16x	0.18x
Debt / EBITDA	-	-	6.81x	7.72x	1.46x	1.51x	1.85x	6.42x
Net Debt / EBITDA	-1.41x	-1.03x	4.84x	3.93x	0.93x	0.42x	-0.62x	1.35x
Interest Coverage	770.54x	475.52x	6.37x	0.21x	19.45x	9.52x	1.95x	0.25x
Total Equity+	8.49M	9.47M	13.2M	52.38M	342.93M	461.5M	510.73M	625.47M
Equity Growth %	-	0.12%	0.39%	2.97%	5.55%	0.35%	0.11%	0.22%
Book Value per Share	353.90	394.77	495.96	77.34	40.19	48.78	23.26	16.14
Total Shareholders' Equity	8.49M	9.47M	13.2M	52.38M	342.93M	461.5M	510.73M	570.13M
Common Stock	2.4K	2.4K	3.32K	131.21K	94.61K	94.61K	9.66K	9.66K
Retained Earnings	878.64K	1.86M	436.8K	-1.32M	39.18M	157.74M	194.72M	228.53M
Treasury Stock	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	-1.51M
Minority Interest	0	0	0	0	0	0	0	55.34M

Cash Flow

	Sep 2017	Sep 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	770.75K	902.71K	2.31M	-2.34M	60.78M	123.75M	42.59M	41.91M
Operating CF Margin %	0.38%	0.23%	0.39%	-0.19%	0.46%	0.82%	0.44%	0.63%
Operating CF Growth %	-	0.17%	1.56%	-2.01%	26.93%	1.04%	-0.66%	-0.02%
Net Income	878.64K	980.94K	1.09M	-1.75M	52.27M	118.56M	21.3M	15.3M
Depreciation & Amortization	182.35K	637.61K	897.17K	1.9M	14.36M	25.83M	22.97M	15.04M
Stock-Based Compensation	0	0	0	0	0	0	0	9.49K
Deferred Taxes	0	0	0	0	0	0	0	0
Other Non-Cash Items	0	0	-18.81K	-400.5K	-5.25M	-6.81M	11.13M	-345.49K
Working Capital Changes	-290.24K	-715.84K	345.45K	-2.09M	-604.63K	-13.83M	-12.81M	11.9M
Change in Receivables	-342.61K	340.15K	454.49K	-1.12M	-6.92M	-5.37M	-4.73M	3.5M
Change in Inventory	-46.59K	-14.11K	-86K	-571.28K	-3.72M	1.6M	539.74K	-260K
Change in Payables	105.1K	-71.62K	129.2K	584.53K	3.07M	4.65M	-3.26M	-1.79M
Cash from Investing+	-7.55M	-7.55M	-17.23M	-35.47M	-348.64M	-63.74M	-9.12M	-133.48M
Capital Expenditures	-7.55M	0	-17.23M	-35.47M	-348.64M	-76.41M	-623.28K	-72.17M
CapEx % of Revenue	3.74%	0%	2.89%	2.84%	2.64%	0.51%	0.01%	1.09%
Acquisitions	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-
Other Investing	0	-7.55M	0	0	0	12.64M	-153.86K	109.28M
Cash from Financing+	7.62M	7.62M	18.09M	42.18M	321.82M	48.9M	-64.88M	59.56M
Debt Issued (Net)	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	-3.38T	0	0	-479.17K	-2.5M
Share Repurchases	-	-	-	-	-	-	-	-
Other Financing	0	7.62M	-538.46K	3.38T	1.91M	-4.04M	-11.01M	-1.07M
Net Change in Cash	-	-	-	-	-	-	-	-
Free Cash Flow+	-6.78M	902.71K	-14.92M	-37.82M	-287.87M	47.35M	41.97M	-30.26M
FCF Margin %	-3.36%	0.23%	-2.5%	-3.03%	-2.18%	0.32%	0.43%	-0.46%
FCF Growth %	-	1.13%	-17.52%	-1.54%	-6.61%	1.16%	-0.11%	-1.72%
FCF per Share	-282.44	37.61	-560.25	-55.83	-33.73	5.00	1.91	-0.78
FCF Conversion (FCF/Net Income)	0.88x	0.92x	2.12x	1.34x	1.16x	1.04x	1.10x	2.87x
Interest Paid	0	0	0	0	0	0	0	3.2M
Taxes Paid	0	0	0	0	0	0	0	33.05K

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.34%	10.92%	9.6%	-5.35%	26.44%	29.48%	7.95%	2.57%
Return on Invested Capital (ROIC)	-	9.62%	6.61%	0.79%	17.74%	12.08%	3.36%	0.2%
Gross Margin	27.74%	39.34%	33.62%	20.42%	49.63%	57.72%	29.2%	29.67%
Net Margin	43.54%	24.77%	18.23%	-14.04%	39.58%	78.93%	39.63%	22.07%
Debt / Equity	-	-	1.19x	0.35x	0.30x	0.30x	0.16x	0.18x
Interest Coverage	770.54x	475.52x	6.37x	0.21x	19.45x	9.52x	1.95x	0.25x
FCF Conversion	0.88x	0.92x	2.12x	1.34x	1.16x	1.04x	1.10x	2.87x
Revenue Growth	-	96.27%	50.67%	109.25%	957.44%	13.76%	-35.08%	-32.07%

Revenue by Segment

	2024
Asset Management	1.17M
Asset Management Growth	-

Frequently Asked Questions

Valuation & Price

Castor Maritime Inc. (CTRM) has a price-to-earnings (P/E) ratio of 2.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Castor Maritime Inc. (CTRM) reported $67.9M in revenue for fiscal year 2024. This represents a 3263% increase from $2.0M in 2017.

Castor Maritime Inc. (CTRM) saw revenue decline by 32.1% over the past year.

Castor Maritime Inc. (CTRM) reported a net loss of $44.4M for fiscal year 2024.

Dividend & Returns

Yes, Castor Maritime Inc. (CTRM) pays a dividend with a yield of 3.06%. This makes it attractive for income-focused investors.

Castor Maritime Inc. (CTRM) has a return on equity (ROE) of 2.6%. This is below average, suggesting room for improvement.

Castor Maritime Inc. (CTRM) had negative free cash flow of $58.4M in fiscal year 2024, likely due to heavy capital investments.