Castor Maritime Inc. (CTRM) Revenue History
Annual and quarterly revenue from 2017 to 2024
Compound Annual Growth Rate (CAGR)
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CTRM Revenue Growth
Revenue Breakdown (FY 2024)
CTRM's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
CTRM Revenue Analysis (2017–2024)
As of May 8, 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.
Looking at the longer-term picture, CTRM's 5-year compound annual growth rate (CAGR) stands at +61.8%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $150.2 million in 2022.
Revenue diversification analysis shows CTRM's business is primarily driven by Asset Management Segment (100%). With over half of revenue concentrated in Asset Management Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including SBLK (-17.6% YoY), NMM (-1.3% YoY), and SB (-13.7% YoY), CTRM has outperformed the peer group in terms of 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 | -17.6% | +8.5% | 13.5% | |
 NMM | $1.3B | -1.3% | +43.5% | 33.6% | |
 SB | $308M | -13.7% | +9.2% | 36.4% | |
 SHIP | $158M | -7.5% | +20.1% | 26.0% | |
 EDRY | $61M | -21.0% | +17.5% | -5.5% |
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% |
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Start ComparisonCTRM — Frequently Asked Questions
Quick answers to the most common questions about buying CTRM stock.
Is CTRM's revenue growth accelerating or slowing?
CTRM maintains +10.2% revenue growth, in line with its 5-year CAGR of +61.8%. TTM revenue stands at $68M. Growth rate remains consistent with historical average.
What is CTRM's long-term revenue growth rate?
Castor Maritime Inc.'s 5-year revenue CAGR of +61.8% reflects the sustained expansion pattern. Current YoY growth of +10.2% is near this long-term average.
How is CTRM's revenue distributed by segment?
CTRM reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2017-2024 are available for download. Segment mix reveals concentration and diversification trends.