Costamare Inc
NYSE: CMRE · INDUSTRIALS · MARINE SHIPPING
Updated 2026-06-05
Costamare Inc (CMRE) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.82B | $1.71B | $1.83B | $1.98B | $2.31B | $2.69B | $2.71B | $2.64B | $2.56B | $2.49B | $3.05B | $3.01B | $3.01B | $4.41B | $4.90B | $5.29B | $5.15B | $3.86B |
| Cash & equivalents | $90.26M | $12.28M | $159.77M | $98.00M | $267.32M | $93.38M | $113.09M | $100.11M | $164.90M | $178.99M | $113.71M | $155.84M | $148.92M | $276.00M | $718.05M | $745.54M | $704.63M | $527.97M |
| Current assets | $121.50M | $48.30M | $211.21M | $138.85M | $299.92M | $136.56M | $157.97M | $145.06M | $209.83M | $226.63M | $170.77M | $197.24M | $192.05M | $426.12M | $1.01B | $1.12B | $1.04B | $690.67M |
| Total liabilities | $1.83B | $1.56B | $1.47B | $1.65B | $1.79B | $2.03B | $1.91B | $1.68B | $1.48B | $1.27B | $1.69B | $1.60B | $1.66B | $2.68B | $2.74B | $2.85B | $2.58B | $1.70B |
| Current liabilities | $287.53M | $183.27M | $184.79M | $226.59M | $249.41M | $294.98M | $290.38M | $271.97M | $279.99M | $276.71M | $224.67M | $266.53M | $206.97M | $370.03M | $423.09M | $662.77M | $745.56M | $398.57M |
| Long-term debt | $1.44B | $1.34B | $1.23B | $1.29B | $1.40B | $1.66B | $1.56B | $1.13B | $856.33M | $644.66M | $1.16B | $1.21B | $1.31B | $2.17B | $2.26B | $2.00B | $1.72B | $1.25B |
| Shareholder equity | $-10.75M | $155.22M | $362.14M | $329.99M | $520.45M | $656.95M | $802.64M | $963.51M | $1.07B | $1.22B | $1.36B | $1.41B | $1.35B | $1.73B | $2.16B | $2.38B | $2.51B | $2.09B |
| Retained earnings | $-232.86M | $-156.16M | $-74.94M | $-48.85M | $-40.81M | $-20.05M | $103000.00 | $44.25M | $31.42M | $43.72M | $38.73M | $60.58M | $-9.72M | $341.48M | $746.66M | $1.05B | $1.28B | $868.73M |
| Accounts receivable | $9.20M | $4.23M | $5.40M | $22.24M | $7.34M | $20.66M | $9.08M | $11.49M | $7.71M | $8.87M | $16.78M | $16.77M | $10.95M | $32.31M | $47.08M | $83.01M | $75.33M | $24.23M |
| Inventory | $12.59M | $11.48M | $9.53M | $9.34M | $9.40M | $11.01M | $11.56M | $10.58M | $11.41M | $9.66M | $11.02M | $10.55M | $10.46M | $21.36M | $28.04M | $61.27M | $57.66M | $14.12M |
| Goodwill | — | — | — | — | — | — | — | — | — | — | $1.22M | $1.03M | — | — | — | — | — | — |
Frequently asked questions
What is Costamare Inc's revenue?
Costamare Inc's trailing twelve-month revenue is $866.09M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is CMRE?
In its most recent fiscal year, CMRE ran a gross margin of 57.28%, an operating margin of 51.71%, and a net margin of 41.53%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does CMRE generate?
CMRE produced $472.28M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is CMRE's balance sheet healthy?
CMRE holds $527.97M in cash and equivalents against $1.25B in long-term debt, on $2.09B of shareholder equity. That debt is best read against the cash flow the business throws off each year.