Costamare Inc. (CMRE) AI Stock Analysis

Founded in 1974 and headquartered in Monaco, Costamare Inc. owns and operates containerships, chartering its fleet to major global liner companies. The company manages a fleet of 76 containerships with an aggregate capacity of approximately 557,400 twenty-foot equivalent units (TEUs). Costamare has also expanded into the dry bulk sector, operating 45 dry bulk vessels with a combined capacity of around 2,435,500 deadweight tonnage (DWT). Through these operations, the company provides marine transport services and maintains long-term commercial relationships with leading liner companies worldwide.

Costamare achieved a 5-year revenue compound annual growth rate of 13.8% from FY2020 to FY2025. Annual revenue grew from $793.6M in FY2021 to $1.11B in FY2022, $1.51B in FY2023, and peaked at $2.08B in FY2024 before dropping 57.9% to $877.9M in FY2025. Net income was $435.1M in FY2021, $555.0M in FY2022, $385.7M in FY2023, $319.9M in FY2024, and $364.6M in FY2025, yielding an EPS of $2.79. In FY2025, operating margin was 51.7% and gross margin was 57.3%. In the quarter ended June 30, 2026, revenue fell 4.0% year-over-year and earnings fell 7.7%.

As of June 30, 2026, Costamare held $380.4M in cash and short-term investments against total debt of $1.50B, resulting in net debt of $1.12B. Total assets stood at $4.01B and shareholders' equity was $2.22B, with a debt-to-equity ratio of 0.68 and a current ratio of 1.61. In FY2025, operating cash flow reached $541.3M. The company spent $69.0M on capital expenditures and distributed $79.3M in dividends, while its share count declined 2.4% over 5 years.

Costamare has a market capitalization of $1.69B and an enterprise value of $2.85B. The stock trades at a trailing P/E of 5.3x and a forward P/E of 15.1x, compared to the median of its US-listed Industrials peers of 24.8x and 17.2x, respectively. Its EV to EBITDA ratio is 5.1x, below the peer median of 13.9x, while price-to-book is 0.8x. Over the past year, Costamare gained 25.9%, outperforming the S&P 500 return of 16.8%, though its 5-year return of 69.9% trailed the S&P 500 return of 83.0%.

Costamare pays a quarterly dividend with an annualized forward payout of $0.50 per share, representing a 3.58% dividend yield. The company has paid dividends for 16 consecutive years and maintains an 18.1% payout ratio. Over the past 5 years, dividend growth averaged 6.4% on an annualized basis. Its last ex-dividend date was October 20, 2026.

Wall Street coverage consists of 2 Strong Buy ratings, with 0 Buy, 0 Hold, 0 Sell, and 0 Strong Sell ratings. The mean price target is $20.00, representing 43.2% upside compared to the last close of $13.97. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $833.3M and an EPS of $2.74, reflecting an estimated EPS decline of 12.2%. Over the last four quarters, Costamare beat EPS estimates twice. The next earnings date is November 3, 2026.

This page is an AI-written research summary of Costamare Inc. (CMRE). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: CMRE income statement, CMRE balance sheet, CMRE key metrics, CMRE analyst forecast, CMRE chart. See the CMRE stock overview for the latest quote and news.