Costamare (CMRE)
Market Price (2/23/2026): $17.19 | Market Cap: $2.1 BilSector: Industrials | Industry: Marine Transportation
Costamare (CMRE)
Market Price (2/23/2026): $17.19Market Cap: $2.1 BilSector: IndustrialsIndustry: Marine Transportation
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 18%, Dividend Yield is 2.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 14%, FCF Yield is 13% | Trading close to highsDist 52W High is -0.8%, Dist 3Y High is -0.8% | Stock price has recently run up significantly12M Rtn12 month market price return is 120% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 47% | Weak revenue growthRev Chg QQuarterly Revenue Change % is -0.3% | |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 21% | Key risksCMRE key risks include [1] earnings volatility from its dry bulk fleet's significant exposure to the spot market and [2] a vulnerable financial position due to high debt levels combined with substantial exposure to floating interest rates. | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13% | ||
| Low stock price volatilityVol 12M is 37% | ||
| Megatrend and thematic driversMegatrends include Future of Freight, E-commerce & Digital Retail, and Global Supply Chains. Themes include Freight Technology, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 18%, Dividend Yield is 2.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 14%, FCF Yield is 13% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 47% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 21% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Low stock price volatilityVol 12M is 37% |
| Megatrend and thematic driversMegatrends include Future of Freight, E-commerce & Digital Retail, and Global Supply Chains. Themes include Freight Technology, Show more. |
| Trading close to highsDist 52W High is -0.8%, Dist 3Y High is -0.8% |
| Stock price has recently run up significantly12M Rtn12 month market price return is 120% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -0.3% |
| Key risksCMRE key risks include [1] earnings volatility from its dry bulk fleet's significant exposure to the spot market and [2] a vulnerable financial position due to high debt levels combined with substantial exposure to floating interest rates. |
Qualitative Assessment
AI Analysis | Feedback
Costamare (CMRE) stock has gained about 40% since 10/31/2025 because of the following key factors:
1. Significant increase in contracted revenues and high fleet employment rates provided strong revenue visibility. Costamare secured approximately $940 million in incremental contracted revenues by forward-chartering 12 container vessels with a TEU-weighted average duration of six years. This boosted the total contracted revenues to about $3.4 billion, with fleet employment at 96% for 2026 and 92% for 2027. The company's idle fleet remained under 1%, signaling a robust charter market.
2. The company demonstrated strong financial performance and maintained robust liquidity. For the full year 2025, Costamare reported an Adjusted Net Income from continuing operations of approximately $375.6 million ($3.12 per share), and its liquidity stood at $590 million as of Q4 2025. Furthermore, Costamare has no significant debt maturities until 2027, contributing to financial stability.
Show more
1. Significant increase in contracted revenues and high fleet employment rates provided strong revenue visibility. Costamare secured approximately $940 million in incremental contracted revenues by forward-chartering 12 container vessels with a TEU-weighted average duration of six years. This boosted the total contracted revenues to about $3.4 billion, with fleet employment at 96% for 2026 and 92% for 2027. The company's idle fleet remained under 1%, signaling a robust charter market.
2. The company demonstrated strong financial performance and maintained robust liquidity. For the full year 2025, Costamare reported an Adjusted Net Income from continuing operations of approximately $375.6 million ($3.12 per share), and its liquidity stood at $590 million as of Q4 2025. Furthermore, Costamare has no significant debt maturities until 2027, contributing to financial stability.
Show more
Stock Movement Drivers
Fundamental Drivers
The 41.7% change in CMRE stock from 10/31/2025 to 2/22/2026 was primarily driven by a 34.3% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2222026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.13 | 17.19 | 41.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,086 | 2,085 | 0.0% |
| Net Income Margin (%) | 14.6% | 15.4% | 5.7% |
| P/E Multiple | 4.8 | 6.4 | 34.3% |
| Shares Outstanding (Mil) | 120 | 120 | -0.1% |
| Cumulative Contribution | 41.7% |
Market Drivers
10/31/2025 to 2/22/2026| Return | Correlation | |
|---|---|---|
| CMRE | 41.7% | |
| Market (SPY) | 1.1% | 36.7% |
| Sector (XLI) | 14.3% | 17.3% |
Fundamental Drivers
The 73.4% change in CMRE stock from 7/31/2025 to 2/22/2026 was primarily driven by a 71.9% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2222026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.91 | 17.19 | 73.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,309 | 2,085 | -9.7% |
| Net Income Margin (%) | 13.8% | 15.4% | 12.0% |
| P/E Multiple | 3.7 | 6.4 | 71.9% |
| Shares Outstanding (Mil) | 120 | 120 | -0.3% |
| Cumulative Contribution | 73.4% |
Market Drivers
7/31/2025 to 2/22/2026| Return | Correlation | |
|---|---|---|
| CMRE | 73.4% | |
| Market (SPY) | 9.4% | 27.7% |
| Sector (XLI) | 17.1% | 10.1% |
Fundamental Drivers
The 97.8% change in CMRE stock from 1/31/2025 to 2/22/2026 was primarily driven by a 140.8% change in the company's P/E Multiple.| (LTM values as of) | 1312025 | 2222026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.69 | 17.19 | 97.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,414 | 2,085 | 47.5% |
| Net Income Margin (%) | 27.5% | 15.4% | -44.0% |
| P/E Multiple | 2.7 | 6.4 | 140.8% |
| Shares Outstanding (Mil) | 120 | 120 | -0.6% |
| Cumulative Contribution | 97.8% |
Market Drivers
1/31/2025 to 2/22/2026| Return | Correlation | |
|---|---|---|
| CMRE | 97.8% | |
| Market (SPY) | 15.6% | 47.9% |
| Sector (XLI) | 29.4% | 43.7% |
Fundamental Drivers
The 146.6% change in CMRE stock from 1/31/2023 to 2/22/2026 was primarily driven by a 296.0% change in the company's P/E Multiple.| (LTM values as of) | 1312023 | 2222026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.97 | 17.19 | 146.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,132 | 2,085 | 84.2% |
| Net Income Margin (%) | 46.1% | 15.4% | -66.5% |
| P/E Multiple | 1.6 | 6.4 | 296.0% |
| Shares Outstanding (Mil) | 121 | 120 | 1.0% |
| Cumulative Contribution | 146.6% |
Market Drivers
1/31/2023 to 2/22/2026| Return | Correlation | |
|---|---|---|
| CMRE | 146.6% | |
| Market (SPY) | 75.9% | 36.5% |
| Sector (XLI) | 81.6% | 36.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CMRE Return | 59% | -21% | 18% | 28% | 65% | 8% | 235% |
| Peers Return | 50% | -3% | 56% | 12% | -11% | 34% | 204% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 0% | 83% |
Monthly Win Rates [3] | |||||||
| CMRE Win Rate | 58% | 50% | 50% | 50% | 67% | 100% | |
| Peers Win Rate | 58% | 54% | 71% | 62% | 50% | 100% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CMRE Max Drawdown | -4% | -27% | -15% | -0% | -34% | -3% | |
| Peers Max Drawdown | -0% | -17% | -7% | -6% | -31% | 0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MATX, SFL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/20/2026 (YTD)
How Low Can It Go
| Event | CMRE | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -56.4% | -25.4% |
| % Gain to Breakeven | 129.1% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -66.9% | -33.9% |
| % Gain to Breakeven | 201.7% | 51.3% |
| Time to Breakeven | 410 days | 148 days |
| 2018 Correction | ||
| % Loss | -49.0% | -19.8% |
| % Gain to Breakeven | 96.2% | 24.7% |
| Time to Breakeven | 330 days | 120 days |
Compare to MATX, SFL
In The Past
Costamare's stock fell -56.4% during the 2022 Inflation Shock from a high on 3/28/2022. A -56.4% loss requires a 129.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Costamare (CMRE)
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. The company was founded in 1974 and is based in Monaco.
AI Analysis | Feedback
Here are 1-3 brief analogies for Costamare (CMRE):
- Costamare is like Prologis for the high seas, owning and leasing out critical logistics assets (ships) for global trade.
- It's similar to American Tower for the ocean, providing essential mobile infrastructure (ships) that other companies then utilize for their services.
- Think of it as Hertz for giant cargo ships, owning and chartering out a massive fleet of specialized vessels to businesses worldwide.
AI Analysis | Feedback
- Containership Chartering: Providing containerships for lease to liner companies for the global transportation of containerized cargo.
- Dry Bulk Vessel Chartering: Providing dry bulk vessels for lease to operators for the global transportation of unpackaged bulk commodities.
AI Analysis | Feedback
Costamare (CMRE) sells primarily to other companies, specifically major liner companies that charter its containerships for their global shipping operations. These customers utilize Costamare's vessels to transport goods globally.
Based on their financial filings, Costamare's major customers include:
- Mediterranean Shipping Company (MSC): A privately held global shipping and logistics company, and one of the world's largest container shipping lines.
- Maersk (symbol: AMKBY on OTC Markets, or MAERSK B on Nasdaq Copenhagen): A Danish integrated shipping and logistics company, and a global leader in container shipping.
- ZIM Integrated Shipping Services Ltd. (symbol: ZIM on NYSE): An Israeli international shipping company.
AI Analysis | Feedback
- Samsung Heavy Industries Co., Ltd. (010140.KS)
- HD Hyundai Heavy Industries Co., Ltd. (329180.KS)
- Jiangsu New Hantong Shipyard Co., Ltd.
- Qingdao Beihai Shipbuilding Heavy Industry Co., Ltd.
- Daehan Shipbuilding Co., Ltd.
- CSSC Guangzhou Huangpu Shipbuilding Company Limited
- Columbia Shipmanagement Ltd.
- V.Ships (UK) Ltd.
AI Analysis | Feedback
Konstantinos Konstantakopoulos, Chief Executive Officer and Chairman
Mr. Konstantakopoulos is the Chief Executive Officer and Chairman of Costamare, having taken over as CEO of Costamare Shipping in 1998 and becoming Chairman and CEO of Costamare in 2010. He wholly owns Costamare Shipping, the company's head manager, and, along with family members, controls Costamare Services, a service provider to their vessel-owning subsidiaries. Mr. Konstantakopoulos also founded Shanghai Costamare in 2005, C-Man Maritime, a vessel manning agency, in 2006, and Ciel Shipmanagement SA in 2001. He indirectly holds a 25% ownership in C-Man Maritime and a 50% ownership in Blue Net, which offers chartering brokerage services. He has been a board member of the Union of Greek Shipowners since 2006.
Gregory Zikos, Chief Financial Officer and Director
Mr. Zikos serves as Costamare's Chief Financial Officer and is a member of its board of directors, having joined the company in 2007. Before his tenure at Costamare, he was the Chief Financial Officer for DryShips, Inc., a publicly traded shipping company, from 2006 to 2007. From 2004 to 2006, he managed project and structured finance debt transactions at J&P Avax S.A., a real estate investment and construction firm. Earlier in his career, between 2000 and 2004, Mr. Zikos worked at Citigroup (London) in global corporate and investment banking, where he was involved in numerous European leveraged and acquisition debt financing transactions. He also practiced law from 1994 to 1998, advising financial institutions and shipping companies on debt and acquisition transactions. In March 2025, Mr. Zikos was named CEO and a board member of Costamare Bulkers, the company's dry bulk spin-off, while retaining his CFO role at Costamare Inc.
Anastassios Gabrielides, General Counsel and Secretary
Mr. Gabrielides holds the position of General Counsel and Secretary at Costamare and has also served as a director and secretary of Costamare Services since May 2013. His prior experience includes serving at the Hellenic Capital Markets Commission, the Greek securities regulator, first as Vice Chairman from 2004 to 2009, and then as Chairman from 2009 to 2011. From 1999 to 2004, Mr. Gabrielides practiced law in Athens, specializing in securities, banking and finance, and corporate law. He also held various positions and was a member of the Executive Committee at the Alexander S. Onassis Foundation from 1991 to 1999.
Konstantinos Zacharatos, Director
Mr. Zacharatos previously served as Costamare's General Counsel and Secretary until April 2013. He has been the Vice Chairman of Shanghai Costamare since its establishment in 2005. Before joining Costamare Shipping and Costaterra S.A., he was employed by the law firm Pagoropoulos & Associates, and also served as a legal adviser for Costaterra S.A., a Greek property company.
AI Analysis | Feedback
The key risks to Costamare's business, in order of significance, are:
- Cyclicality and Volatility of the Shipping Industry: Costamare's profitability is highly dependent on charter and freight rates, which are subject to significant macroeconomic factors and are inherently cyclical and volatile. This unpredictability in demand and rates, particularly for segments employed on short-term charters or in the spot market (such as its dry bulk fleet), can lead to quarter-to-quarter volatility in operating results and impact the company's ability to pay dividends. Global economic downturns, prolonged tariff disputes, and geopolitical instability can further disrupt trade flows and depress demand for shipping services.
- Exposure to Interest Rate Fluctuations and High Debt Levels: A substantial portion of Costamare's credit facilities bear interest costs at floating rates, primarily based on SOFR. Significant increases in interest rates can adversely affect the company's financial position, results of operations, and capacity to service its debt. Furthermore, high levels of debt may limit Costamare's ability to secure additional financing, pursue new business opportunities, or maintain dividend payments, potentially increasing borrowing costs or necessitating the issuance of dilutive equity securities.
- Regulatory Changes and Environmental Compliance Costs: The global shipping industry is facing an evolving regulatory landscape, particularly concerning environmental protection and decarbonization. New carbon regulations, IMO emissions rules, and regional mandates (such as the EU's requirements for emissions allowances starting in 2025) will likely increase operational costs. Compliance may necessitate significant investments in more fuel-efficient vessels, retrofits, or the adoption of alternative fuels, which could impact the company's financial performance and fleet management strategies.
AI Analysis | Feedback
The clearest emerging threat for Costamare (CMRE) is the rapid acceleration of environmental regulations and the shipping industry's decarbonization efforts. This trend, driven by international bodies like the IMO (e.g., IMO 2030, 2050 targets) and regional regulations such as the EU Emissions Trading System (ETS) for shipping, poses a significant risk to the value and charterability of conventional, fossil fuel-powered vessels, which constitute a large portion of CMRE's current fleet.
This emerging threat manifests in several ways:
- Asset Obsolescence: Existing vessels that cannot comply with tightening emission standards or become prohibitively expensive to operate due to carbon pricing mechanisms risk becoming "stranded assets" or experiencing significant devaluation.
- Capital Expenditure Demands: Costamare will face substantial capital requirements to invest in new, more expensive dual-fuel or zero-emission vessels (e.g., methanol, ammonia, hydrogen-powered ships) or to undertake expensive retrofits, to maintain a competitive and compliant fleet.
- Competitive Disadvantage: Liner companies, CMRE's primary customers, are increasingly prioritizing "green" vessels to meet their own sustainability targets, potentially leading to lower demand or lower charter rates for older, less eco-friendly ships.
This transition parallels historical disruptions where established technologies (e.g., internal combustion engines, fossil fuels) are challenged by newer, more sustainable alternatives, requiring incumbents to rapidly adapt their core asset base.
AI Analysis | Feedback
Costamare (CMRE) operates in several key segments within the maritime shipping industry. Its main products and services include containership leasing, dry bulk shipping, and ship management services. The addressable markets for Costamare's main products and services are as follows:- Containership Leasing: The global container leasing market size was valued at USD 7.11 billion in 2024 and is projected to grow to USD 10.42 billion by 2033, exhibiting a Compound Annual Growth Rate (CAGR) of 4.3% from 2025 to 2033. Costamare is a leading international owner and provider of containerships for charter.
- Dry Bulk Shipping: The global dry bulk shipping market size was valued at USD 4.06 billion in 2024 and is expected to reach USD 5.78 billion by 2032, with a CAGR of 4.5% during the forecast period. Another estimate places the global market for Dry Bulk Shipping at US$157.8 billion in 2023, projected to reach US$186.9 billion by 2030, growing at a CAGR of 2.5%. Costamare has expanded into the dry bulk shipping sector, transporting commodities such as coal, grain, and iron ore.
- Ship Leasing Market (broader category including containerships and dry bulk carriers): The global ship leasing market size was estimated at USD 14.49 billion in 2024 and is predicted to increase from USD 16.74 billion in 2025 to approximately USD 61.37 billion by 2034, expanding at a CAGR of 15.53% from 2025 to 2034. This market encompasses the leasing of various vessel types, including container ships and bulk carriers.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for Costamare (CMRE) over the next 2-3 years:
- Expansion of the Containership Fleet through Newbuilding Orders and Acquisitions: Costamare is actively expanding its containership fleet through strategic newbuilding orders and the acquisition of second-hand vessels. The company has ordered a total of six new 3,100 TEU containerships, with deliveries expected between Q2 and Q4 2027 for four vessels, and in Q1 2028 for the additional two. Upon delivery, these new vessels are slated to commence 8-year time charters with leading liner companies, ensuring long-term revenue streams. Additionally, Costamare has acquired second-hand vessels, such as the 6,541 TEU container vessel Maersk Puelo, through deals like sale and leasebacks, and remains open to similar opportunities. This continuous fleet growth directly increases the company's earning capacity.
- Securing Long-Term Charter Agreements: Costamare's strategy of securing long-term charter agreements provides significant revenue visibility and stability. The company has substantially increased its contracted revenues through new chartering agreements and forward fixing of vessels, adding over $310 million in revenue. Its containership fleet is 100% fixed for 2025 and 80% for 2026, with total contracted revenues amounting to approximately $2.6 billion and a weighted remaining duration of 3.2 years. This strong contract backlog ensures predictable and sustained revenue generation in the coming years.
- Growth of Neptune Maritime Leasing: As the controlling shareholder of Neptune Maritime Leasing, Costamare is leveraging this platform as a significant growth driver. Neptune Maritime Leasing has funded or committed to funding 50 shipping assets, with total investments and commitments exceeding $650 million. The continued expansion of this leasing platform into various shipping asset classes represents a growing revenue stream for the company.
- Favorable Container Shipping Market Conditions: The current strong charter market, characterized by healthy and stable rates, low idle fleet levels (less than 1%), and steady demand, is a key driver for Costamare's revenue growth. This robust market environment allows Costamare to secure favorable terms for new and renewed charters, optimizing revenue from its existing and expanding fleet. Positive trade discussions and delays in port fee implementation are also expected to contribute positively to global trade flows, further bolstering demand for container shipping services.
AI Analysis | Feedback
Share Repurchases
- Costamare authorized a share repurchase program allowing for up to $150 million of common shares and up to $150 million of preferred shares.
- Under this program, the company acquired 4,736,702 common shares during the year ended December 31, 2022.
- As of June 2025, Costamare's 6-Month Share Buyback Ratio was -0.26%, indicating no recent share repurchases or potential share issuance in that period.
Share Issuance
- On October 15, 2025, Costamare issued 1,200 shares of new high-vote, non-economic Series F Preferred Stock for $1,200 to Konstantinos Konstantakopoulos, increasing the Konstantakopoulos family's voting power to 75.7%.
- On May 6, 2025, Costamare completed the spin-off of its dry bulk business into Costamare Bulkers Holdings Limited (CMDB), distributing one CMDB common share for every five CMRE common shares held.
- Shares valued at $4.2 million were issued as a non-cash component of general and administrative expenses during the six-month period ended June 30, 2024.
Outbound Investments
- As of September 30, 2025, Costamare has invested $182.2 million in Neptune Maritime Leasing Limited (NML), holding a controlling interest and representing 91.1% of its total committed investment in NML.
- Neptune Maritime Leasing (NML) has funded or committed to fund 50 shipping assets for a total amount exceeding $650 million.
Capital Expenditures
- Costamare has ordered a total of six newbuild containerships, including two additional 3,100 TEU vessels, with deliveries expected between Q2 2027 and Q1 2028, all of which will commence 8-year charters upon delivery.
- In the third quarter of 2025, net cash used in investing activities amounted to $44.5 million, primarily for advance payments for newbuild container vessels, the acquisition of the secondhand vessel Maersk Puelo, and vessel upgrades.
- The company acquired and accepted delivery of the secondhand container vessel Maersk Puelo (6,541 TEU) during the third quarter of 2025, which immediately commenced a time charter with Maersk.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| How Low Can Costamare Stock Really Go? | 10/17/2025 | |
| CMRE Dip Buy Analysis | 07/10/2025 | |
| Time To Buy Costamare Stock? | 05/16/2025 | |
| Costamare (CMRE) Valuation Ratios Comparison | 05/15/2025 | |
| Costamare Total Shareholder Return (TSR): 32.1% in 2024 and 14.6% 3-yr compounded annual returns (above peer average) | 03/07/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to CMRE.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 01302026 | FBIN | Fortune Brands Innovations | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -5.1% | -5.1% | -5.1% |
| 01302026 | PAYC | Paycom Software | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -7.0% | -7.0% | -11.9% |
| 01302026 | HTZ | Hertz Global | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 2.9% | 2.9% | 0.0% |
| 01232026 | PAYX | Paychex | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -11.5% | -11.5% | -13.3% |
| 01022026 | CPRT | Copart | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -0.7% | -0.7% | -2.8% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 17.19 |
| Mkt Cap | 2.1 |
| Rev LTM | 2,085 |
| Op Inc LTM | 448 |
| FCF LTM | 220 |
| FCF 3Y Avg | 254 |
| CFO LTM | 522 |
| CFO 3Y Avg | 472 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.9% |
| Rev Chg 3Y Avg | 1.9% |
| Rev Chg Q | -8.5% |
| QoQ Delta Rev Chg LTM | -2.4% |
| Op Mgn LTM | 21.5% |
| Op Mgn 3Y Avg | 27.3% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 25.1% |
| CFO/Rev 3Y Avg | 30.1% |
| FCF/Rev LTM | 13.0% |
| FCF/Rev 3Y Avg | 9.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.1 |
| P/S | 1.6 |
| P/EBIT | 9.0 |
| P/E | 6.4 |
| P/CFO | 4.9 |
| Total Yield | 8.3% |
| Dividend Yield | 2.9% |
| FCF Yield 3Y Avg | 7.4% |
| D/E | 0.8 |
| Net D/E | 0.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 8.0% |
| 3M Rtn | 33.5% |
| 6M Rtn | 49.0% |
| 12M Rtn | 28.9% |
| 3Y Rtn | 145.2% |
| 1M Excs Rtn | 8.0% |
| 3M Excs Rtn | 28.9% |
| 6M Excs Rtn | 49.3% |
| 12M Excs Rtn | 13.5% |
| 3Y Excs Rtn | 85.8% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Single Segment | 460 | 478 | |||
| Total | 460 | 478 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Container vessels segment | 3,154 | 3,273 | 3,672 | ||
| Dry bulk vessels segment | 735 | 771 | 715 | ||
| Other corporate assets | 707 | 752 | 20 | ||
| Costamare Bulkers (CBI) | 456 | 102 | |||
| Neptune Maritime Leasing Limited (NML) | 239 | ||||
| Elimination of intersegment revenues | -3 | -1 | |||
| Total | 5,287 | 4,896 | 4,407 |
Price Behavior
Price Behavior
| Market Price | $17.19 | |
| Market Cap ($ Bil) | 2.1 | |
| First Trading Date | 11/04/2010 | |
| Distance from 52W High | -0.8% | |
| 50 Days | 200 Days | |
| DMA Price | $16.05 | $12.19 |
| DMA Trend | up | up |
| Distance from DMA | 7.1% | 41.0% |
| 3M | 1YR | |
| Volatility | 30.4% | 36.9% |
| Downside Capture | 99.52 | 43.62 |
| Upside Capture | 172.65 | 117.37 |
| Correlation (SPY) | 45.2% | 49.0% |
CMRE Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.26 | 0.80 | 0.66 | 0.61 | 0.90 | 0.85 |
| Up Beta | 1.64 | 1.40 | 1.92 | 1.61 | 1.02 | 0.93 |
| Down Beta | -0.29 | 0.45 | -0.14 | 0.26 | 1.06 | 0.90 |
| Up Capture | 106% | 131% | 185% | 117% | 96% | 65% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 12 | 21 | 36 | 74 | 136 | 382 |
| Down Capture | -39% | 51% | -20% | -31% | 47% | 87% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 8 | 20 | 24 | 49 | 110 | 359 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CMRE | |
|---|---|---|---|---|
| CMRE | 121.2% | 36.7% | 2.22 | - |
| Sector ETF (XLI) | 29.2% | 19.2% | 1.20 | 44.9% |
| Equity (SPY) | 13.5% | 19.4% | 0.53 | 49.0% |
| Gold (GLD) | 74.5% | 25.6% | 2.15 | -0.3% |
| Commodities (DBC) | 7.2% | 16.9% | 0.25 | 29.4% |
| Real Estate (VNQ) | 7.1% | 16.7% | 0.24 | 28.3% |
| Bitcoin (BTCUSD) | -29.7% | 44.9% | -0.65 | 20.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CMRE | |
|---|---|---|---|---|
| CMRE | 24.0% | 38.7% | 0.66 | - |
| Sector ETF (XLI) | 16.1% | 17.2% | 0.76 | 40.4% |
| Equity (SPY) | 13.4% | 17.0% | 0.62 | 40.0% |
| Gold (GLD) | 22.6% | 17.1% | 1.08 | 10.0% |
| Commodities (DBC) | 10.9% | 19.0% | 0.46 | 28.2% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 27.7% |
| Bitcoin (BTCUSD) | 7.4% | 57.1% | 0.35 | 16.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CMRE | |
|---|---|---|---|---|
| CMRE | 20.2% | 44.8% | 0.58 | - |
| Sector ETF (XLI) | 15.8% | 19.8% | 0.70 | 43.9% |
| Equity (SPY) | 16.1% | 17.9% | 0.77 | 40.4% |
| Gold (GLD) | 14.8% | 15.6% | 0.79 | 4.8% |
| Commodities (DBC) | 8.6% | 17.6% | 0.40 | 29.1% |
| Real Estate (VNQ) | 7.0% | 20.7% | 0.30 | 31.8% |
| Bitcoin (BTCUSD) | 68.0% | 66.7% | 1.07 | 12.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/04/2025 | 6-K |
| 06/30/2025 | 08/21/2025 | 6-K |
| 03/31/2025 | 05/13/2025 | 6-K |
| 12/31/2024 | 02/20/2025 | 20-F |
| 09/30/2024 | 11/19/2024 | 6-K |
| 06/30/2024 | 08/08/2024 | 6-K |
| 03/31/2024 | 05/23/2024 | 6-K |
| 12/31/2023 | 03/29/2024 | 20-F |
| 09/30/2023 | 11/13/2023 | 6-K |
| 06/30/2023 | 08/10/2023 | 6-K |
| 03/31/2023 | 05/26/2023 | 6-K |
| 12/31/2022 | 04/03/2023 | 20-F |
| 09/30/2022 | 11/10/2022 | 6-K |
| 06/30/2022 | 08/11/2022 | 6-K |
| 03/31/2022 | 05/17/2022 | 6-K |
| 12/31/2021 | 03/28/2022 | 20-F |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.