EuroDry Ltd. (EDRY) AI Stock Analysis

EuroDry Ltd., through its subsidiaries, provides ocean-going drybulk shipping services across the globe. Headquartered in Marousi, Greece, and incorporated in 2018, the company owns and operates vessels transporting major bulks like iron ore, coal, and grains, alongside minor bulks including bauxite, phosphate, and fertilizers. As of March 31, 2022, its fleet consists of ten drybulk carriers—five Panamax, two Ultramax, two Kamsarmax, and one Supramax—providing an aggregate cargo capacity of 726,555 deadweight tons. EuroDry focuses on operational excellence, strict safety standards, and modern fleet efficiency to service global charterers.

EuroDry's top-line performance has fluctuated with shipping market cycles, recording a 5-year revenue CAGR of 18.6% from FY2020 to FY2025. Annual revenue peaked at $70.2M in FY2022 before dropping to $47.6M in FY2023, followed by $61.1M in FY2024 and $52.3M in FY2025. Operating margins declined from 60.3% in FY2021 to -2.2% in FY2025, leading to consecutive annual net income losses of -$2.9M in FY2023, -$9.7M in FY2024, and -$4.3M in FY2025. Over the trailing twelve months, revenue reached $62.3M with an operating margin of 49.8% and a net profit margin of 15.0%. In the latest quarter ending September 30, 2026, revenue rose 57.0% year-over-year, while quarterly earnings declined 94.3%.

As of September 30, 2026, EuroDry held $28.4M in cash and short-term investments alongside total debt of $97.4M, resulting in net debt of $68.9M. Total assets stood at $212.5M against shareholders' equity of $100.1M, yielding a debt-to-equity ratio of 0.97 and a current ratio of 1.28. In FY2025, operating cash flow reached $12.8M and free cash flow turned positive at $5.4M after capital expenditures of $7.4M. EuroDry's share count declined 0.6% over five years.

EuroDry trades at a trailing P/E of 13.7x and a forward P/E of 8.4x, both lower than the median of its US-listed Industrials peers at 24.8x and 17.2x, respectively. The company's EV/EBITDA multiple sits at 8.2x compared to the peer median of 13.9x, though its price-to-sales of 2.1x sits above the peer median of 1.5x. EuroDry's stock climbed 275.5% over the past year and 256.2% year-to-date, outperforming the S&P 500's 1-year return of 16.8%. Over five years, the stock gained 79.9% versus 83.0% for the S&P 500.

Wall Street coverage consists of 2 Strong Buy ratings, 1 Buy rating, and zero Hold, Sell, or Strong Sell recommendations. The consensus mean price target is $45.33, which is 0.8% below the last close of $45.70. For the fiscal year ending December 31, 2026, analysts estimate EPS of $6.21 on revenue of $73.7M. For the following fiscal year, 1 analyst projects revenue of $80.0M and EPS of $6.13. EuroDry beat EPS estimates in 3 of the last 4 quarters, with its next earnings report scheduled for November 12, 2026.

This page is an AI-written research summary of EuroDry Ltd. (EDRY). 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: EDRY income statement, EDRY balance sheet, EDRY key metrics, EDRY analyst forecast, EDRY chart. See the EDRY stock overview for the latest quote and news.