Castor Maritime Inc. (CTRM) Revenue History
Annual and quarterly revenue from 2017 to present
CTRM Revenue Over Time (2017–2024)
CTRM Revenue Growth History
5 of 7 years with positive growth- FY2017 revenue growth
- N/A
- FY2018 revenue growth
- +96.3%
- FY2019 revenue growth
- +50.7%
- FY2020 revenue growth
- +109.3%
- FY2021 revenue growth
- +957.4%
- FY2022 revenue growth
- +13.8%
- FY2023 revenue growth
- -35.1%
- FY2024 revenue growth
- -32.1%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2025 | $17.9M | +10.2% |
| Q1 2025 | $20.3M | -0.2% |
| Q4 2024 | $16.2M | -38.7% |
| Q3 2024 | $13.4M | -37.4% |
| Q2 2024 | $16.3M | -35.6% |
| Q1 2024 | $20.4M | -16.7% |
| Q4 2023 | $26.4M | -62.0% |
| Q3 2023 | $21.4M | -69.7% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
CTRM's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
CTRM Revenue Analysis (2017–2024)
Current Revenue & Growth
As of June 22, 2026, Castor Maritime Inc. (CTRM) generated trailing twelve-month (TTM) revenue of $67.9 million, reflecting strong growth of +10.2% year-over-year. The most recent quarter (Q2 2025) recorded $17.9 million in revenue, down 11.8% sequentially.
Historical Growth Trajectory
CTRM's 5-year compound annual growth rate (CAGR) stands at +61.8%, indicating outstanding long-term growth trajectory. The 3-year CAGR of -20.5% is below the 5-year average, signalling a growth deceleration in recent years. Castor Maritime Inc.'s highest annual revenue of $150.2 million was recorded in 2022.
Revenue by Segment
CTRM's revenue is primarily driven by Asset Management Segment (100%). With over half of revenue concentrated in Asset Management Segment, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Industrials sector peers — including SBLK (-11.6% YoY), NMM (+5.9% YoY), and SB (-10.4% YoY) — CTRM has outperformed the peer group in revenue growth. Compare CTRM vs SBLK →
CTRM Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CTRMCurrent | $68M | +10.2% | +61.8% | 2.3% | |
 SBLK | $1.0B | -11.6% | +8.5% | 13.5% | |
 NMM | $1.3B | +5.9% | +42.7% | 29.1% | |
 SB | $276M | -10.4% | +6.8% | 25.1% | |
 SHIP | $158M | -7.5% | +20.1% | 26.0% | |
 EDRY | $52M | -0.0% | +18.6% | -2.2% |
CTRM Historical Revenue Data (2017–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $66.2M | -32.1% | $19.7M | 29.7% | $1.5M | 2.3% |
| 2023 | $97.5M | -35.1% | $28.5M | 29.2% | $22.0M | 22.6% |
| 2022 | $150.2M | +13.8% | $86.7M | 57.7% | $73.1M | 48.7% |
| 2021 | $132.0M | +957.4% | $65.5M | 49.6% | $55.5M | 42.0% |
| 2020 | $12.5M | +109.3% | $2.6M | 20.4% | $452K | 3.6% |
| 2019 | $6.0M | +50.7% | $2.0M | 33.6% | $1.4M | 23.7% |
| 2018 | $4.0M | +96.3% | $1.6M | 39.3% | $987K | 24.9% |
| 2017 | $2.0M | - | $560K | 27.7% | $410K | 20.3% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
9+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
CTRM — Frequently Asked Questions
Quick answers to the most common questions about buying CTRM stock.
Is CTRM's revenue growth accelerating or slowing?
CTRM revenue growth is holding steady at +10.2% year-over-year. TTM revenue is $68M. The current growth rate closely tracks the 5-year CAGR of +61.8%, signalling consistent execution.
What is CTRM's revenue history from 2017 to 2026?
Castor Maritime Inc. (CTRM) revenue history spans 2017 to 2026. TTM revenue as of 2026 is $68M, growing at +10.2% YoY. The 5-year CAGR is +61.8%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is CTRM's long-term revenue growth rate (CAGR)?
Castor Maritime Inc.'s 5-year revenue CAGR of +61.8% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +10.2% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for CTRM.
Why does CTRM's quarterly revenue fluctuate?
CTRM quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Castor Maritime Inc.'s revenue data from 2017 to 2026 shows full historical quarterly detail on this page.
How is CTRM's revenue distributed by segment?
CTRM reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does CTRM's revenue compare to industry peers?
Castor Maritime Inc. (CTRM) with TTM revenue of $68M and +10.2% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.