EuroDry Ltd. (EDRY) Revenue History
Annual and quarterly revenue from 2016 to 2024
Compound Annual Growth Rate (CAGR)
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EDRY Revenue Growth
Revenue Breakdown (FY 2023)
EDRY's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
EDRY Revenue Analysis (2016–2024)
As of May 8, 2026, EuroDry Ltd. (EDRY) generated trailing twelve-month (TTM) revenue of $49.4 million, reflecting slight decline in growth of -2.2% year-over-year. The most recent quarter (Q3 2025) recorded $14.4 million in revenue, up 27.6% sequentially.
Looking at the longer-term picture, EDRY's 5-year compound annual growth rate (CAGR) stands at +17.5%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $70.2 million in 2022.
Revenue diversification analysis shows EDRY's business is primarily driven by Time Charter Revenue (95%), and Voyage Charter Revenue (5%). With over half of revenue concentrated in Time Charter Revenue, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including SBLK (-17.6% YoY), GNK (+30336.5% YoY), and SB (-13.7% YoY), EDRY has underperformed the peer group in terms of revenue growth. Compare EDRY vs SBLK →
EDRY Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| EDRYCurrent | $49M | -2.2% | +17.5% | -5.5% | |
 SBLK | $1.0B | -17.6% | +8.5% | 13.5% | |
 GNK | $342M | +30336.5% | -0.8% | 2.7% | |
 SB | $308M | -13.7% | +9.2% | 36.4% | |
 SHIP | $158M | -7.5% | +20.1% | 26.0% | |
 CTRM | $66M | -19.6% | +61.8% | 2.3% |
EDRY Historical Revenue Data (2016–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $61.1M | +28.3% | $20.8M | 34.1% | $-3,346,049 | -5.5% |
| 2023 | $47.6M | -32.2% | $8.5M | 17.8% | $1.6M | 3.3% |
| 2022 | $70.2M | +8.9% | $37.3M | 53.1% | $34.1M | 48.6% |
| 2021 | $64.4M | +189.1% | $44.0M | 68.2% | $38.9M | 60.3% |
| 2020 | $22.3M | -18.2% | $1.6M | 7.0% | $-2,741,143 | -12.3% |
| 2019 | $27.2M | +11.1% | $7.2M | 26.5% | $3.0M | 11.0% |
| 2018 | $24.5M | +28.0% | $9.5M | 38.8% | $4.0M | 16.3% |
| 2017 | $19.2M | +143.2% | $5.1M | 26.5% | $2.6M | 13.7% |
| 2016 | $7.9M | - | $-340,726 | -4.3% | $-8,969,868 | -113.8% |
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Start ComparisonEDRY — Frequently Asked Questions
Quick answers to the most common questions about buying EDRY stock.
Is EDRY's revenue growth accelerating or slowing?
EDRY revenue growth slowed to -2.2%, below the 5-year CAGR of +17.5%. TTM revenue is $49M. The deceleration marks a shift from historical growth rates.
What is EDRY's long-term revenue growth rate?
EuroDry Ltd.'s 5-year revenue CAGR of +17.5% reflects the variable expansion pattern. Current YoY growth of -2.2% is near this long-term average.
How is EDRY's revenue distributed by segment?
EDRY reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2016-2024 are available for download. Segment mix reveals concentration and diversification trends.