Costamare Inc. (CMRE) Income Statement
CMRE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCMRE revenue and net income
Where CMRE's revenue goes
2025Each bar shows an amount and its share of revenue. CMRE kept 41.5% of revenue as net income.
CMRE profit margins
CMRE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −57.9% | −7.6% | +13.8% | +6.0% |
| Gross profit | −9.7% | −5.8% | +18.9% | +7.1% |
| Operating income | −1.8% | −11.8% | +49.7% | +7.6% |
| Net income | +14.0% | −13.1% | +110.2% | +9.8% |
| EPS (diluted) | +0.7% | −5.3% | +22.3% | +4.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CMRE quarterly EPS vs estimates
Costamare beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 3, 2026 (estimate $0.69).
CMRE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $877.9M | $2.08B | $1.51B | $1.11B | $793.6M | $460.3M | $478.1M | $380.4M | $412.4M | $468.2M |
| Cost of revenue | $375.1M | $1.53B | $1.07B | $513.2M | $351.8M | $248.7M | $249.1M | $231.3M | $222.0M | $226.8M |
| Gross profit | $502.8M | $556.7M | $436.4M | $600.7M | $441.9M | $211.6M | $229.0M | $149.1M | $190.4M | $241.4M |
| Sales, general & admin | $20.0M | $92.7M | $24.2M | $19.5M | $16.8M | $11.0M | $9.4M | $9.2M | $9.5M | $14.7M |
| Total operating expenses | $48.9M | $94.4M | −$31.6M | −$61.6M | $517,000 | $151.3M | $55.9M | $28.7M | $28.2M | $33.3M |
| Operating income | $453.9M | $462.3M | $468.0M | $662.2M | $441.4M | $60.3M | $173.1M | $117.2M | $137.0M | $166.1M |
| Interest income | $19.3M | $33.2M | $30.4M | $6.0M | $1.6M | $1.8M | $3.3M | $3.5M | $2.6M | $1.6M |
| Interest expense | $91.4M | $150.3M | $152.1M | $107.2M | $71.8M | $67.4M | $90.9M | $64.0M | $72.1M | $61.2M |
| Income before taxes | $396.5M | $316.3M | $381.0M | $554.7M | $435.1M | $8.9M | $99.0M | $67.2M | $72.9M | $81.7M |
| Income taxes | — | — | −$5.5M | −$166.2M | −$33.0M | $80.6M | −$12.5M | $10.7M | −$22.6M | −$27.6M |
| Net income | $364.6M | $319.9M | $385.7M | $555.0M | $435.1M | $8.9M | $99.0M | $67.2M | $72.9M | $81.7M |
| EBITDA | $637.2M | $619.9M | $699.3M | $841.4M | $643.5M | $181.0M | $298.5M | $215.5M | $238.0M | $243.9M |
| EPS (diluted) | $2.79 | $2.77 | $2.08 | $3.28 | $2.35 | $1.02 | $0.93 | $0.43 | $0.77 | $1.52 |
| Gross margin | 57.3% | 26.7% | 28.9% | 53.9% | 55.7% | 46.0% | 47.9% | 39.2% | 46.2% | 51.6% |
| Operating margin | 51.7% | 22.2% | 31.0% | 59.5% | 55.6% | 13.1% | 36.2% | 30.8% | 33.2% | 35.5% |
| Net margin | 41.5% | 15.4% | 25.5% | 49.8% | 54.8% | 1.9% | 20.7% | 17.7% | 17.7% | 17.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $200.8M | $201.6M | $212.0M | $225.2M | $210.9M | $446.2M | $548.4M | $544.6M | $217.9M | $475.4M | $494.8M | $400.4M |
| Cost of revenue | $98.1M | $98.4M | $97.9M | $63.1M | $94.2M | $311.2M | $392.9M | $420.5M | $85.8M | $349.1M | $371.1M | $286.8M |
| Gross profit | $102.7M | $103.1M | $114.1M | $162.0M | $116.7M | $135.1M | $155.5M | $124.2M | $132.1M | $126.3M | $123.8M | $113.5M |
| Sales, general & admin | $5.3M | $7.7M | $6.0M | $11.3M | $11.5M | $8.8M | $22.3M | $10.1M | $6.5M | $21.5M | $5.5M | $7.4M |
| Total operating expenses | $12.7M | $15.0M | $13.4M | $44.3M | $11.5M | $27.4M | $28.2M | $20.2M | $14.1M | $22.9M | $17.4M | $29.5M |
| Operating income | $90.0M | $88.1M | $100.7M | $117.8M | $105.1M | $107.7M | $127.2M | $104.0M | $118.0M | $103.4M | $106.4M | $84.0M |
| Interest income | $2.8M | $3.8M | $3.8M | $3.7M | $5.5M | $6.5M | $7.0M | $8.6M | $9.3M | $8.3M | $6.9M | $9.2M |
| Interest expense | $17.6M | $19.0M | $17.6M | $23.0M | $22.3M | $28.4M | $31.8M | $35.4M | $28.2M | $33.0M | $34.4M | $36.7M |
| Income before taxes | $83.9M | $81.9M | $79.2M | $99.4M | $106.1M | $100.8M | $31.9M | $78.9M | $98.5M | $102.7M | $104.7M | $60.1M |
| Income taxes | — | — | — | — | — | — | — | −$1.9M | $540,002 | $811,000 | $247,000 | $18.3M |
| Net income | $82.6M | $80.4M | $77.8M | $97.9M | $88.7M | $100.1M | $35.0M | $80.8M | $102.3M | $101.9M | $104.4M | $61.1M |
| EBITDA | $128.2M | $133.7M | $130.3M | $149.9M | $165.1M | $148.6M | $105.2M | $155.6M | $162.4M | $176.2M | $193.9M | $138.1M |
| EPS (diluted) | $0.62 | $0.63 | $0.60 | $0.81 | $0.77 | $0.61 | $0.69 | $0.68 | $0.77 | $0.63 | $0.68 | $0.46 |
| Gross margin | 51.1% | 51.2% | 53.8% | 72.0% | 55.3% | 30.3% | 28.4% | 22.8% | 60.6% | 26.6% | 25.0% | 28.4% |
| Operating margin | 44.8% | 43.7% | 47.5% | 52.3% | 49.9% | 24.1% | 23.2% | 19.1% | 54.2% | 21.7% | 21.5% | 21.0% |
| Net margin | 41.2% | 39.9% | 36.7% | 43.5% | 42.1% | 22.4% | 6.4% | 14.8% | 47.0% | 21.4% | 21.1% | 15.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CMRE's financial statements (latest annual report filed March 4, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CMRE financial results
In fiscal year 2025 (ended December 31, 2025), Costamare reported revenue of $877.9 million, down 57.9% from the year before. It had net income of $364.6 million (up 14.0%), a net profit margin of 41.5%. Diluted earnings per share came to $2.79. Over five years revenue grew at an average rate of 13.8% a year.
See the CMRE stock overview for the latest quote and news, or the CMRE chart for price history and technical indicators.
CMRE income statement FAQ
What is Costamare's annual revenue?
Costamare reported total revenue of $877.9 million for fiscal year 2025, which ended on December 31, 2025. That was down 57.9% from $2.1 billion the previous year.
Is Costamare profitable?
Yes. Costamare reported net income of $364.6 million in fiscal 2025, a net profit margin of 41.5%; its operating margin was 51.7%.
What is Costamare's gross margin?
Costamare's gross margin was 57.3% in fiscal 2025: for every $100 of revenue, Costamare kept $57 after the direct cost of its products and services.
How fast is Costamare growing?
Revenue grew 13.8% a year on average over the last five fiscal years, from $460.3 million to $877.9 million.
What are Costamare's earnings per share?
Costamare earned $2.79 per diluted share in fiscal 2025, compared with $2.77 a year earlier.
When will Costamare report its next earnings?
Costamare is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 before the market opens.
When does Costamare's fiscal year end?
Costamare's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 4, 2026.