GICS Sector : Industrials
Costamare Inc.owns and charters containerships to liner companies worldwide.As of March 18, 2022, it had a fleet of 76 containerships with a total capacity of approximately 557,400 twenty-foot equivalent units and 45 dry bulk vessels with a total capacity of approximately 2,435,500 DWT.
Costamare Inc. reported a net income of $73 million for the fourth quarter of 2025 and $370 million for the full year. The company's adjusted net income for 2025 was $376 million, or $3.12 per share, and for the quarter, it was $72 million, or $0.60 per share, slightly missing analyst estimates of $0.74 per share. The company's liquidity stood at $590 million, providing a solid foundation for future growth. Revenue growth for the next year is estimated to be -1.8%, indicating a slight decline.
Publication Date: 08:24
The company's operational performance was strong, with a fleet deployment of 96% and 92% for 2026 and 2027, respectively. Total contracted revenues reached $3.4 billion, with a remaining time charter duration of 4.5 years. The charter market remains robust due to high demand for tonnage and limited supply, with the idle fleet standing at less than 1%. As of the latest data, the idle fleet is at 0.5%, indicating a fully employed market.
Costamare secured long-term cash flows by forward chartering 12 vessels with a TEU weighted average duration of 6 years, generating incremental contracted revenues of approximately $940 million. The company has also made significant progress in its newbuild and financing activities, having agreed on pre- and post-delivery financing of all 6 newbuild vessels and refinanced 2 container ships at a lower funding cost. Notably, the company has no significant maturities till 2027, reducing near-term financial risks.
With a P/E Ratio of 5.67 and an EV/EBITDA of 5.07, the company's valuation appears reasonable given its strong earnings performance. The Dividend Yield stands at 2.68%, reflecting the company's commitment to returning value to shareholders. Costamare continues to have a long, uninterrupted dividend track record, which is a positive attribute for income-focused investors. The ROE of 16.86% indicates a healthy return on equity.
Neptune Maritime Leasing, in which Costamare holds a controlling interest, has funded or committed to fund 54 shipping assets with total investments and commitments exceeding $665 million, further diversifying the company's revenue streams and investment portfolio.
Costamare Bulkers Holdings Limited Reports Results for the Fourth Quarter and Year Ended December 31, 2025
Feb -20
Costamare Inc. (CMRE) Q4 2025 Earnings Call Transcript
Feb -18
Costamare Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2025
Feb -18
Costamare Inc. Sets the Date for its Fourth Quarter 2025 Results Release, Conference Call and Webcast
Feb -16
Costamare Bulkers Holdings Limited Sets the Date for its Fourth Quarter 2025 Results Release, Conference Call and Webcast
Feb -13
Costamare Inc. $CMRE Shares Sold by New York State Common Retirement Fund
Feb -08
Costamare Bulkers: The Cheapest Drybulk, Even After A Large Move
Feb -03
SG Americas Securities LLC Invests $398,000 in Costamare Inc. $CMRE
Jan -26
Costamare Inc.'s 4.83% growth in Container Vessels is driven by increasing global trade, rising demand for containerized cargo, and a growing need for efficient transportation. Additionally, the company's modern fleet, strategic partnerships, and cost-effective operations contribute to its growth momentum.
Costamare Inc.'s (CBI) 4.65% growth is driven by increasing demand for container shipping, fleet expansion, and strategic acquisitions. Rising global trade, particularly in the Asia-Europe route, boosts container volumes. Additionally, CBI's focus on cost control, efficient vessel operations, and a strong balance sheet support its growth momentum.
Costamare Inc.'s 4.83% growth in Dry Bulk Vessels is driven by increasing global iron ore and coal demand, rising steel production, and a growing seaborne trade. Additionally, a low orderbook, scrubber installations, and a gradual recovery in vessel utilization contribute to the segment's growth.
Costamare Inc. owns and operates a fleet of container ships that provide transportation services to shipping lines and other customers.
The company's dry bulk carriers transport dry commodities such as iron ore, coal, and grains.
Costamare's tanker fleet transports crude oil, petroleum products, and other liquids.
The company provides technical and commercial management services to ship owners and operators.
Costamare Inc. buys and sells vessels, providing opportunities for investors and ship owners.
The threat of substitutes for Costamare Inc. is medium due to the availability of alternative shipping options, but the company's strong brand reputation and customer loyalty mitigate this threat.
The bargaining power of customers is low for Costamare Inc. due to the company's strong market position and the lack of concentration among its customer base.
The bargaining power of suppliers is medium for Costamare Inc. due to the company's dependence on a few large suppliers, but the company's strong relationships with these suppliers mitigate this threat.
The threat of new entrants is low for Costamare Inc. due to the high barriers to entry in the shipping industry, including the need for significant capital investment and regulatory compliance.
The intensity of rivalry is high for Costamare Inc. due to the competitive nature of the shipping industry, with many established players competing for market share.
| Value | |
|---|---|
| Debt Weight | 51.30% |
| Debt Cost | 5.66% |
| Equity Weight | 48.70% |
| Equity Cost | 10.55% |
| WACC | 8.05% |
| Leverage | 105.35% |
Value: 8.1
Growth: 6.0
Quality: 7.8
Yield: 9.4
Momentum: 9.5
Volatility: 5.7
1-Year Total Return ->
Value: 8.2
Growth: 9.6
Quality: 9.0
Yield: 3.1
Momentum: 6.5
Volatility: 4.0
1-Year Total Return ->
Value: 8.3
Growth: 7.4
Quality: 4.2
Yield: 8.1
Momentum: 8.5
Volatility: 3.3
1-Year Total Return ->
Value: 8.6
Growth: 6.9
Quality: 7.6
Yield: 10.0
Momentum: 1.5
Volatility: 3.3
1-Year Total Return ->
Value: 8.1
Growth: 7.0
Quality: 6.3
Yield: 6.9
Momentum: 6.5
Volatility: 3.0
1-Year Total Return ->
Value: 6.1
Growth: 9.7
Quality: 7.9
Yield: 5.0
Momentum: 4.0
Volatility: 2.3
1-Year Total Return ->