Navios Maritime Partners L.P. (NMM) Financial Ratios
21 years of historical data (2005–2025) · Industrials · Marine Shipping
EV/EBITDA
↑
5.37
↑+55% vs avg
5yr avg: 3.46
30Y Low2.7·High14.9
P/FCF
N/A
—
5yr avg: 8.86
30Y Low2.9·High106.6
P/B Ratio
↑
0.62
↑+69% vs avg
5yr avg: 0.37
30Y Low0.2·High1.9
ROE
↓
8.9%
↑-59% vs avg
5yr avg: 21.4%
30Y Low-30%·High92%
Debt/EBITDA
↑
3.21
↑+38% vs avg
5yr avg: 2.33
30Y Low1.8·High31.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NMM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Navios Maritime Partners L.P. trades at 7.3x earnings, 170% above its 5-year average of 2.7x, sitting at the 50th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a discount of 71%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.0B | $1.6B | $1.3B | $844M | $783M | $569M | $123M | $202M | $138M | $324M | $119M |
| Enterprise Value | $4.0B | $3.5B | $2.5B | $1.9B | $2.0B | $1.5B | $579M | $599M | $563M | $793M | $626M |
| P/E Ratio → | 7.32 | 5.47 | 3.61 | 1.99 | 1.38 | 1.12 | — | — | — | — | — |
| P/S Ratio | 1.49 | 1.16 | 0.97 | 0.65 | 0.65 | 0.80 | 0.54 | 0.92 | 0.60 | 1.53 | 0.63 |
| P/B Ratio | 0.62 | 0.47 | 0.42 | 0.30 | 0.33 | 0.32 | 0.19 | 0.28 | — | — | 0.17 |
| P/FCF | — | — | — | 8.86 | — | — | 11.18 | 4.32 | — | — | 2.90 |
| P/OCF | 3.97 | 3.09 | 2.69 | 1.51 | 1.55 | 2.05 | 1.31 | 2.86 | 2.02 | 6.00 | 2.11 |
P/E links to full P/E history page with 30-year chart
NMM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Navios Maritime Partners L.P.'s enterprise value stands at 5.4x EBITDA, 55% above its 5-year average of 3.5x. The Industrials sector median is 13.9x, placing the stock at a 61% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.63 | 1.84 | 1.46 | 1.67 | 2.17 | 2.55 | 2.73 | 2.43 | 3.75 | 3.28 |
| EV / EBITDA | 5.37 | 4.77 | 3.33 | 2.66 | 2.95 | 3.60 | 5.85 | 5.07 | 4.20 | 6.53 | 5.52 |
| EV / EBIT | 10.16 | 9.03 | 5.48 | 4.27 | 4.48 | 5.13 | 18.31 | 10.39 | 8.10 | 19.06 | 43.04 |
| EV / FCF | — | — | — | 20.05 | — | — | 52.71 | 12.82 | — | — | 15.20 |
NMM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Navios Maritime Partners L.P. earns an operating margin of 29.1%, significantly above the Industrials sector average of 4.3%. Operating margins have compressed from 34.2% to 29.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 8.9% is modest. ROIC of 6.1% represents adequate returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 64.5% | 64.5% | 66.1% | 65.8% | 68.5% | 75.0% | 65.9% | 66.9% | 38.0% | 28.5% | 14.1% |
| Operating Margin | 29.1% | 29.1% | 33.6% | 34.2% | 37.2% | 42.4% | 13.9% | 26.3% | 30.0% | 19.7% | 7.6% |
| Net Profit Margin | 21.2% | 21.2% | 27.0% | 32.5% | 46.9% | 70.9% | -30.2% | -28.3% | -5.7% | -7.0% | -27.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.9% | 8.9% | 12.2% | 16.6% | 27.6% | 41.7% | -9.9% | -29.8% | — | -4.4% | -7.3% |
| ROA | 4.9% | 4.9% | 6.7% | 8.5% | 13.3% | 20.9% | -5.6% | -4.8% | -1.0% | -1.1% | -3.9% |
| ROIC | 6.1% | 6.1% | 8.3% | 9.0% | 10.7% | 11.7% | 2.1% | 7.0% | 18.3% | 3.8% | 0.9% |
| ROCE | 7.3% | 7.3% | 9.0% | 10.0% | 12.0% | 14.4% | 3.0% | 4.7% | 5.5% | 3.4% | 1.2% |
NMM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Navios Maritime Partners L.P. carries a Debt/EBITDA ratio of 3.2x, which is moderately leveraged (roughly in line with the sector average of 3.2x). Net debt stands at $2.0B ($2.4B total debt minus $403M cash). Interest coverage of just 2.9x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.71 | 0.71 | 0.46 | 0.47 | 0.59 | 0.64 | 0.76 | 0.58 | — | — | 0.77 |
| Debt / EBITDA | 3.21 | 3.21 | 1.93 | 1.82 | 2.03 | 2.65 | 5.05 | 3.56 | 3.61 | 4.06 | 4.62 |
| Net Debt / Equity | — | 0.59 | 0.37 | 0.39 | 0.53 | 0.55 | 0.69 | 0.55 | — | — | 0.74 |
| Net Debt / EBITDA | 2.66 | 2.66 | 1.57 | 1.49 | 1.80 | 2.28 | 4.61 | 3.36 | 3.17 | 3.86 | 4.47 |
| Debt / FCF | — | — | — | 11.20 | — | — | 41.53 | 8.50 | — | — | 12.30 |
| Interest Coverage | 2.90 | 2.90 | 3.59 | 3.35 | 5.42 | 7.06 | 1.31 | 1.27 | 1.62 | 1.09 | 0.47 |
NMM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.13x means Navios Maritime Partners L.P. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.87x to 1.13x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.13 | 1.13 | 1.08 | 0.87 | 0.50 | 0.57 | 0.24 | 0.95 | 2.12 | 1.11 | 0.57 |
| Quick Ratio | 1.13 | 1.13 | 1.00 | 0.79 | 0.45 | 0.52 | 0.22 | 0.87 | 2.10 | 1.11 | 0.57 |
| Cash Ratio | 0.91 | 0.91 | 0.69 | 0.63 | 0.26 | 0.40 | 0.12 | 0.29 | 1.12 | 0.44 | 0.18 |
| Asset Turnover | — | 0.23 | 0.24 | 0.25 | 0.25 | 0.20 | 0.19 | 0.18 | 0.18 | 0.16 | 0.15 |
| Inventory Turnover | — | — | 13.79 | 11.91 | 11.67 | 8.46 | 12.35 | 11.55 | 142.84 | 688.18 | 743.79 |
| Days Sales Outstanding | — | 11.01 | 20.72 | 14.17 | 26.45 | 15.02 | 36.38 | 18.79 | 75.35 | 50.82 | 56.82 |
NMM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Navios Maritime Partners L.P. returns 2.4% to shareholders annually — split between a 0.3% dividend yield and 2.1% buyback yield. The payout ratio of 2.1% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 13.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.3% | 0.4% | 0.5% | 0.7% | 0.8% | 0.8% | 6.3% | 6.6% | 7.4% | — | — |
| Payout Ratio | 2.1% | 2.1% | 1.7% | 1.4% | 1.1% | 0.9% | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 13.7% | 18.3% | 27.7% | 50.4% | 72.5% | 89.0% | — | — | — | — | — |
| FCF Yield | — | — | — | 11.3% | — | — | 8.9% | 23.2% | — | — | 34.5% |
| Buyback Yield | 2.1% | 2.8% | 1.9% | 0.0% | 0.0% | 0.0% | 0.0% | 2.2% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.4% | 3.1% | 2.4% | 0.7% | 0.8% | 0.8% | 6.3% | 8.8% | 7.4% | 0.0% | 0.0% |
| Shares Outstanding | — | $30M | $30M | $30M | $30M | $23M | $11M | $11M | $11M | $9M | $6M |
Peer Comparison
Compare NMM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 NMMYou | $2B | 7.3 | 5.4 | — | 64.5% | 29.1% | 8.9% | 6.1% | 3.2 |
 SBLK | $3B | 35.4 | 11.4 | 14.0 | 22.5% | 13.5% | 3.4% | 3.2% | 3.5 |
 GNK | $1B | -236.8 | 13.6 | — | 13.4% | 2.7% | -0.5% | 0.7% | 2.3 |
 DSX | $259M | 19.1 | 9.5 | 5.9 | 56.6% | 19.8% | 3.5% | 3.1% | 7.8 |
 SB | $682M | 22.3 | 8.3 | 11.3 | 35.9% | 25.1% | 4.6% | 4.1% | 4.2 |
 TNK | $3B | 7.4 | 6.0 | 22.9 | 27.5% | 22.6% | 18.5% | 12.5% | 0.2 |
 STNG | $4B | 11.5 | 8.2 | 8.5 | 46.2% | 33.0% | 11.4% | 7.2% | 1.3 |
 NAT | $1B | 100.9 | 18.6 | — | 19.8% | 9.9% | 2.6% | 2.8% | 4.9 |
 INSW | $4B | 13.6 | 9.9 | 109.7 | 42.3% | 36.3% | 16.0% | 9.4% | 1.2 |
 ASC | $697M | 19.4 | 6.8 | — | 34.2% | 26.1% | 6.5% | 9.0% | 1.1 |
 CMRE | $2B | 5.3 | 4.7 | 3.9 | 57.3% | 51.7% | 15.4% | 9.3% | 2.5 |
| Industrials Median | — | 25.6 | 13.9 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 21 years · Updated daily
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NMM — Frequently Asked Questions
Quick answers to the most common questions about buying NMM stock.
What is Navios Maritime Partners L.P.'s P/E ratio?
Navios Maritime Partners L.P.'s current P/E ratio is 7.3x. The historical average is 16.7x. This places it at the 50th percentile of its historical range.
What is Navios Maritime Partners L.P.'s EV/EBITDA?
Navios Maritime Partners L.P.'s current EV/EBITDA is 5.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.5x.
What is Navios Maritime Partners L.P.'s ROE?
Navios Maritime Partners L.P.'s return on equity (ROE) is 8.9%. The historical average is 16.1%.
Is NMM stock overvalued?
Based on historical data, Navios Maritime Partners L.P. is trading at a P/E of 7.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Navios Maritime Partners L.P.'s dividend yield?
Navios Maritime Partners L.P.'s current dividend yield is 0.29% with a payout ratio of 2.1%.
What are Navios Maritime Partners L.P.'s profit margins?
Navios Maritime Partners L.P. has 64.5% gross margin and 29.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Navios Maritime Partners L.P. have?
Navios Maritime Partners L.P.'s Debt/EBITDA ratio is 3.2x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.