Castor Maritime Inc.(CTRM)Earnings, Financials & Key Ratios

CTRM•NASDAQ

$2.03

$79M mkt cap·2.3× P/E·Price updated May 6, 2026

SectorIndustrials IndustryMarine Shipping Sub-IndustryDry Bulk Shipping

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 Margin29.67%+1.6%
EBITDA Margin26.18%-43.2%
Operating Margin2.26%-90.0%
Net Margin22.07%-44.3%
ROE2.57%-67.6%
ROIC0.2%-94.1%
Debt/Equity0.18+9.0%
Interest Coverage0.25-87.4%

Technical→

CTRM Key Insights

Castor Maritime Inc. (CTRM) fundamental analysis — strengths, weaknesses & financial health based on 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 3.2%
✓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

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

CTRM Price & Volume

Castor Maritime Inc. (CTRM) stock price & volume — 10-year historical chart

Loading chart...

CTRM Growth Metrics

Castor Maritime Inc. (CTRM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years61.83%

3 Years-20.54%

TTM-19.63%

Profit CAGR

10 Years-

5 Years68.13%

3 Years-34.6%

TTM-168.48%

EPS CAGR

10 Years-

5 Years-51.1%

3 Years-43.21%

TTM-224.91%

Return on Capital

10 Years8.22%

5 Years8.41%

3 Years6.17%

Last Year0.23%

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
SBLKStar Bulk Carriers Corp.Direct Competitor	3.1B	26.90	36.85	-17.62%	8.07%	3.44%	0.44
NMMNavios Maritime Partners L.P.Direct Competitor	2.11B	73.25	6.11	2.08%	19.95%	8.09%	0.46
SBSafe Bulkers, Inc.Direct Competitor	728.6M	6.92	8.34	8.17%	16.78%	5.58%	0.65
SHIPSeanergy Maritime Holdings Corp.Direct Competitor	333.81M	15.81	15.65	-5.59%	9.74%	5.29%	1.03
EDRYEuroDry Ltd.Direct Competitor	59.84M	21.17	-5.98	28.35%	-21.73%	-10.84%	1.02
TOPSTop Ships Inc.Product Competitor	9.95M	2.15	1.97	3.83%	1.19%	0.8%	1.74
GLBSGlobus Maritime LimitedProduct Competitor	43.84M	2.13	-25.21	26.77%	-3.95%	-1%	0.62
PSHGPerformance Shipping Inc.Product Competitor	74.09M	1.89	1.77	-19.73%	65.4%	16.48%	0.17

Compare CTRM vs Peers

Castor Maritime Inc. (CTRM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SBLK

Most directly comparable listed peer for CTRM.

Scale Benchmark

vs KEX

Larger-name benchmark to compare CTRM against a more recognizable public peer.

Peer Set

Compare Top 5

vs SBLK, NMM, SB, SHIP

CTRM Income Statement

Castor Maritime Inc. (CTRM) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Sep'17	Sep'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Sales/Revenue	2.02M	3.96M	5.97M	12.49M	132.05M	150.22M	97.52M	66.24M	67.86M
Revenue Growth %	-	96.27%	50.67%	109.25%	957.44%	13.76%	-35.08%	-32.07%	-19.63%
Cost of Goods Sold	1.46M	2.4M	3.96M	9.94M	66.52M	63.52M	69.04M	46.59M	51.71M
COGS % of Revenue	72.26%	60.66%	66.38%	79.58%	50.37%	42.28%	70.8%	70.33%	-
Gross Profit	559.87K▲ 0%	1.56M▲ 178.3%	2.01M▲ 28.8%	2.55M▲ 27.1%	65.53M▲ 2469.3%	86.7M▲ 32.3%	28.47M▼ 67.2%	19.65M▼ 31.0%	16.15M▲ 0%
Gross Margin %	27.74%	39.34%	33.62%	20.42%	49.63%	57.72%	29.2%	29.67%	23.79%
Gross Profit Growth %	-	178.29%	28.78%	27.12%	2469.32%	32.3%	-67.16%	-30.98%	-
Operating Expenses	149.94K	570.88K	591.08K	2.1M	10.01M	13.61M	6.46M	18.16M	58.34M
OpEx % of Revenue	7.43%	14.41%	9.9%	16.8%	7.58%	9.06%	6.63%	27.41%	-
Selling, General & Admin	149.94K	570.88K	591.08K	2.06M	10.01M	16.44M	12.85M	18.16M	14.56M
SG&A % of Revenue	7.43%	14.41%	9.9%	16.51%	7.58%	10.94%	13.18%	27.41%	-
Research & Development	0	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	2.01M
Operating Income	409.93K▲ 0%	987.19K▲ 140.8%	1.42M▲ 43.4%	452.03K▼ 68.1%	55.52M▲ 12182.2%	73.09M▲ 31.7%	22.01M▼ 69.9%	1.49M▼ 93.2%	-42.19M▲ 0%
Operating Margin %	20.31%	24.92%	23.72%	3.62%	42.04%	48.66%	22.57%	2.26%	-62.18%
Operating Income Growth %	-	140.82%	43.37%	-68.06%	12182.2%	31.66%	-69.89%	-93.21%	-
EBITDA	592.27K	1.7M	2.31M	2.36M	69.88M	91.63M	44.97M	17.34M	-27.03M
EBITDA Margin %	29.35%	42.84%	38.75%	18.87%	52.92%	61%	46.12%	26.18%	-39.83%
EBITDA Growth %	-	186.47%	36.3%	1.92%	2864.88%	31.12%	-50.92%	-61.44%	-147.03%
D&A (Non-Cash Add-back)	182.35K	709.51K	897.17K	1.9M	14.36M	18.54M	22.97M	15.85M	15.16M
EBIT	409.93K	1.11M	1.31M	457.69K	55.62M	73.75M	32.74M	21.53M	-23.79M
Net Interest Income	-532	29.86K	-190.57K	-2.15M	-2.78M	-6.33M	-8.05M	796.36K	-710.47K
Interest Income	0	31.94K	31.59K	34.98K	75.12K	1.36M	3.21M	6.88M	4.24M
Interest Expense	532	2.08K	222.16K	2.19M	2.85M	7.68M	11.26M	6.09M	4.95M
Other Income/Expense	468.72K	-6.25K	-327.2K	-2.18M	-2.75M	-6.16M	-526.96K	13.94M	-4.05M
Pretax Income	878.64K▲ 0%	980.94K▲ 11.6%	1.09M▲ 10.9%	-1.73M▼ 259.2%	52.77M▲ 3146.8%	66.93M▲ 26.8%	21.48M▼ 67.9%	15.44M▼ 28.1%	-46.25M▲ 0%
Pretax Margin %	43.54%	24.77%	18.23%	-13.87%	39.96%	44.56%	22.03%	23.31%	-68.15%
Income Tax	0	0	0	21.64K	497.34K	388.67K	177.79K	133.99K	641.51K
Effective Tax Rate %	0%	0%	0%	-1.25%	0.94%	0.58%	0.83%	0.87%	-1.39%
Net Income	878.64K▲ 0%	980.94K▲ 11.6%	1.09M▲ 10.9%	-1.75M▼ 261.1%	52.27M▲ 3080.9%	118.56M▲ 126.8%	38.64M▼ 67.4%	14.62M▼ 62.2%	-44.38M▲ 0%
Net Margin %	43.54%	24.77%	18.23%	-14.04%	39.58%	78.93%	39.63%	22.07%	-65.41%
Net Income Growth %	-	11.64%	10.93%	-261.15%	3080.87%	126.82%	-67.41%	-62.17%	-168.48%
Net Income (Continuing)	878.64K	980.94K	1.09M	-1.75M	52.27M	66.54M	21.3M	15.3M	-46.89M
Discontinued Operations	0	0	0	0	0	52.02M	17.34M	0	0
Minority Interest	0	0	0	0	0	0	0	55.34M	57.36M
EPS (Diluted)	35.39▲ 0%	-119.38▼ 437.3%	31.13▲ 126.1%	-2.59▼ 108.3%	4.75▲ 283.4%	12.53▲ 163.8%	1.68▼ 86.6%	0.87▼ 48.2%	-0.81▲ 0%
EPS Growth %	-	-437.33%	126.08%	-108.32%	283.4%	163.79%	-86.59%	-48.21%	-224.91%
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	54.5M
Basic Shares Outstanding	24K	24K	26.62K	677.35K	8.39M	9.46M	9.57M	9.66M	9.66M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

CTRM Balance Sheet

Castor Maritime Inc. (CTRM) balance sheet — assets, liabilities & shareholders' equity

Line item	Sep'17	Sep'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Total Current Assets	1.35M	2.11M	6.22M	13.56M	55M	166.24M	242.28M	253.86M	172.73M
Cash & Short-Term Investments	836.47K	1.74M	4.56M	8.93M	37.17M	100.59M	188.47M	157.02M	98.71M
Cash Only	836.47K	1.74M	4.56M	8.93M	37.17M	100.59M	111.38M	87.9M	44.76M
Short-Term Investments	0	0	0	0	0	0	77.09M	69.12M	53.95M
Accounts Receivable	438.87K	2.45K	975.87K	2.86M	8.22M	5.37M	8.57M	20.98M	11.22M
Days Sales Outstanding	79.38	0.23	59.69	83.63	22.73	13.05	32.06	115.59	54.91
Inventory	46.59K	60.7K	143.53K	714.82K	4.44M	1.94M	977.64K	1.55M	0
Days Inventory Outstanding	11.66	9.22	13.23	26.26	24.35	11.15	5.17	12.16	4.54
Other Current Assets	0	263.08K	167.3K	0	2.57M	56.27M	46.63M	74.31M	62.81M
Total Non-Current Assets	7.37M	7.51M	24.2M	60.81M	407.91M	466.68M	362.77M	543.52M	530.08M
Property, Plant & Equipment	7.37M	7.07M	23.7M	58.05M	396.33M	435.89M	229.54M	210.21M	160.91M
Fixed Asset Turnover	0.27x	0.56x	0.25x	0.22x	0.33x	0.34x	0.42x	0.32x	0.37x
Goodwill	0	0	0	0	0	0	0	17.93M	23.81M
Intangible Assets	0	0	0	0	0	0	0	19.32M	20.67M
Long-Term Investments	0	0	500K	500K	4.64M	11.06M	117.54M	288.18M	969.06M
Other Non-Current Assets	0	443.39K	0	2.26M	6.94M	19.72M	15.69M	6.03M	67.87M
Total Assets	8.72M▲ 0%	9.62M▲ 10.4%	30.42M▲ 216.1%	74.37M▲ 144.5%	462.91M▲ 522.4%	632.92M▲ 36.7%	605.04M▼ 4.4%	797.38M▲ 31.8%	702.81M▲ 0%
Asset Turnover	0.23x	0.41x	0.20x	0.17x	0.29x	0.24x	0.16x	0.08x	0.10x
Asset Growth %	-	10.39%	216.1%	144.47%	522.44%	36.73%	-4.4%	31.79%	60.36%
Total Current Liabilities	224.27K	432.81K	2.98M	10.9M	34.03M	51.36M	28.6M	64.4M	47.5M
Accounts Payable	105.1K	33.48K	410.59K	2.08M	5.04M	7.82M	2.83M	2.13M	0
Days Payables Outstanding	26.31	5.09	37.83	76.35	27.67	44.95	14.98	16.66	5.78
Short-Term Debt	0	0	1.52M	7.1M	16.09M	29.17M	17.68M	11.02M	1.17M
Deferred Revenue (Current)	0	47.71K	493.01K	108.13K	3.93M	2.58M	1.55M	578.45K	1.18M
Other Current Liabilities	0	0	0	0	4.51M	6.29M	2.41M	19.05M	46.33M
Current Ratio	6.02x	4.88x	2.09x	1.24x	1.62x	3.24x	8.47x	3.94x	3.94x
Quick Ratio	5.82x	4.73x	2.04x	1.18x	1.49x	3.20x	8.44x	3.92x	3.92x
Cash Conversion Cycle	64.73	4.36	35.08	33.54	19.41	-20.75	22.25	111.09	53.68
Total Non-Current Liabilities	105.1K	292.08K	14.23M	11.08M	85.95M	120.06M	65.71M	107.51M	102.01M
Long-Term Debt	0	0	14.23M	11.08M	85.95M	109.6M	65.71M	92.53M	83.26M
Capital Lease Obligations	0	0	0	0	0	0	0	6.72M	6.72M
Deferred Tax Liabilities	0	0	0	0	0	0	0	8.1M	30.41M
Other Non-Current Liabilities	0	0	0	0	0	10.46M	0	166.16K	13.83M
Total Liabilities	224.27K	149.22K	17.22M	21.99M	119.98M	171.43M	94.31M	171.91M	149.5M
Total Debt	0	0	15.76M	18.19M	102.04M	138.77M	83.39M	111.32M	84.43M
Net Debt	-836.47K	-1.74M	11.2M	9.26M	64.87M	38.18M	-27.99M	23.42M	39.67M
Debt / Equity	-	-	1.19x	0.35x	0.30x	0.30x	0.16x	0.18x	0.18x
Debt / EBITDA	-	-	6.81x	7.72x	1.46x	1.51x	1.85x	6.42x	-3.12x
Net Debt / EBITDA	-1.41x	-1.03x	4.84x	3.93x	0.93x	0.42x	-0.62x	1.35x	1.35x
Interest Coverage	770.54x	475.52x	6.37x	0.21x	19.45x	9.52x	1.95x	0.25x	-4.80x
Total Equity	8.49M▲ 0%	9.47M▲ 11.5%	13.2M▲ 39.4%	52.38M▲ 296.7%	342.93M▲ 554.7%	461.5M▲ 34.6%	510.73M▲ 10.7%	625.47M▲ 22.5%	553.3M▲ 0%
Equity Growth %	-	11.55%	39.36%	296.73%	554.66%	34.57%	10.67%	22.47%	76.11%
Book Value per Share	353.90	394.77	495.96	77.34	40.19	48.78	23.26	16.14	10.15
Total Shareholders' Equity	8.49M	9.47M	13.2M	52.38M	342.93M	461.5M	510.73M	570.13M	495.95M
Common Stock	2.4K	2.4K	3.32K	131.21K	94.61K	94.61K	9.66K	9.66K	9.66K
Retained Earnings	878.64K	1.86M	436.8K	-1.32M	39.18M	157.74M	194.72M	228.53M	210.74M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	-1.51M	19.85M
Minority Interest	0	0	0	0	0	0	0	55.34M	57.36M

CTRM Cash Flow Statement

Castor Maritime Inc. (CTRM) cash flow — operating, investing & free cash flow history

Line item	Sep'17	Sep'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Cash from Operations	770.75K	902.71K	2.31M	-2.34M	60.78M	123.75M	42.59M	41.91M	41.91M
Operating CF Margin %	38.19%	22.79%	38.74%	-18.77%	46.02%	82.38%	43.68%	63.27%	-
Operating CF Growth %	-	17.12%	156.11%	-201.38%	2693.02%	103.62%	-65.58%	-1.6%	-304.96%
Net Income	878.64K	980.94K	1.09M	-1.75M	52.27M	118.56M	21.3M	15.3M	-44.38M
Depreciation & Amortization	182.35K	637.61K	897.17K	1.9M	14.36M	25.83M	22.97M	15.04M	14.4M
Stock-Based Compensation	0	0	0	0	0	0	0	9.49K	53.75K
Deferred Taxes	0	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	56.92M
Working Capital Changes	-290.24K	-715.84K	345.45K	-2.09M	-604.63K	-13.83M	-12.81M	11.9M	-9.33M
Change in Receivables	-342.61K	340.15K	454.49K	-1.12M	-6.92M	-5.37M	-4.73M	3.5M	1.37M
Change in Inventory	-46.59K	-14.11K	-86K	-571.28K	-3.72M	1.6M	539.74K	-260K	-90.83K
Change in Payables	105.1K	-71.62K	129.2K	584.53K	3.07M	4.65M	-3.26M	-1.79M	-667.1K
Cash from Investing	-7.55M	-7.55M	-17.23M	-35.47M	-348.64M	-63.74M	-9.12M	-133.48M	-208.11M
Capital Expenditures	-7.55M	0	-17.23M	-35.47M	-348.64M	-76.41M	-623.28K	-72.17M	-72.52M
CapEx % of Revenue	374.09%	0%	288.67%	284.06%	264.02%	50.86%	0.64%	108.95%	-
Acquisitions	0	0	0	0	0	0	63.61M	-163.63M	28.7M
Investments	-	-	-	-	-	-	-	-	-
Other Investing	0	-7.55M	0	0	0	12.64M	-153.86K	109.28M	-128.49M
Cash from Financing	7.62M	7.62M	18.09M	42.18M	321.82M	48.9M	-64.88M	59.56M	720.92K
Debt Issued (Net)	0	0	5M	-2.05M	69.01M	53.01M	-53.86M	13.13M	-42.96M
Equity Issued (Net)	1000K	0	1000K	1000K	1000K	-65.8K	474.08K	1000K	1000K
Dividends Paid	0	0	0	-3.38T	0	0	-479.17K	-2.5M	-3.35M
Share Repurchases	0	0	0	0	-14.4M	0	0	0	0
Other Financing	0	7.62M	-538.46K	3.38T	1.91M	-4.04M	-11.01M	-1.07M	-2.97M
Net Change in Cash	836.47K▲ 0%	902.71K▲ 7.9%	3.17M▲ 251.4%	4.37M▲ 37.7%	33.96M▲ 677.5%	108.92M▲ 220.7%	-31.41M▼ 128.8%	-32.28M▼ 2.8%	-190.73M▲ 0%
Free Cash Flow	-6.78M▲ 0%	902.71K▲ 113.3%	-14.92M▼ 1752.3%	-37.82M▼ 153.5%	-287.87M▼ 661.2%	47.35M▲ 116.4%	41.97M▼ 11.4%	-30.26M▼ 172.1%	-58.43M▲ 0%
FCF Margin %	-335.89%	22.79%	-249.93%	-302.83%	-218%	31.52%	43.04%	-45.68%	-86.11%
FCF Growth %	-	113.32%	-1752.31%	-153.54%	-661.23%	116.45%	-11.36%	-172.1%	-201.71%
FCF per Share	-282.44	37.61	-560.25	-55.83	-33.73	5.00	1.91	-0.78	-0.78
FCF Conversion (FCF/Net Income)	0.88x	0.92x	2.12x	1.34x	1.16x	1.04x	1.10x	2.87x	1.32x
Interest Paid	0	0	0	0	0	0	0	3.2M	0
Taxes Paid	0	0	0	0	0	0	0	33.05K	0

CTRM Key Ratios

Castor Maritime Inc. (CTRM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2018	2019	2020	2021	2022	2023	2024	TTM
Return on Equity (ROE)	10.92%	9.6%	-5.35%	26.44%	29.48%	7.95%	2.57%	-8.02%
Return on Invested Capital (ROIC)	9.62%	6.61%	0.79%	17.74%	12.08%	3.36%	0.2%	0.2%
Gross Margin	39.34%	33.62%	20.42%	49.63%	57.72%	29.2%	29.67%	23.79%
Net Margin	24.77%	18.23%	-14.04%	39.58%	78.93%	39.63%	22.07%	-65.41%
Debt / Equity	-	1.19x	0.35x	0.30x	0.30x	0.16x	0.18x	0.18x
Interest Coverage	475.52x	6.37x	0.21x	19.45x	9.52x	1.95x	0.25x	-4.80x
FCF Conversion	0.92x	2.12x	1.34x	1.16x	1.04x	1.10x	2.87x	1.32x
Revenue Growth	96.27%	50.67%	109.25%	957.44%	13.76%	-35.08%	-32.07%	-19.63%

CTRM Frequently Asked Questions

Castor Maritime Inc. (CTRM) stock FAQ — growth, dividends, profitability & financials explained

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 3.18%. 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.

Explore More CTRM

Castor Maritime Inc. (CTRM) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

→

DCA Calculator

Dollar cost averaging vs lump sum

→

Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→

Castor Maritime Inc.(CTRM)Earnings, Financials & Key Ratios

CTRM Key Insights

✓Strengths

✗Weaknesses

CTRM Price & Volume

CTRM Growth Metrics

Revenue CAGR

Profit CAGR

EPS CAGR

Return on Capital

CTRM Peer Comparison

Compare CTRM vs Peers

vs SBLK

vs KEX

Compare Top 5

CTRM Income Statement

CTRM Balance Sheet

CTRM Cash Flow Statement

CTRM Key Ratios

CTRM Frequently Asked Questions

Explore More CTRM

Total Return Calculator

DCA Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

Valuation