Costamare Inc. key statistics and ratios

In fiscal 2025, Costamare Inc. had return on equity of 15.9%, an operating margin of 52.0%, debt equal to 73.0% of equity and a current ratio of 1.73. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Costamare Inc.: financial ratios, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Operating margin	35.5%	33.2%	30.8%	36.2%	13.1%	55.6%	59.5%	70.1%	55.1%	52.0%
Net margin	17.5%	17.7%	17.7%	20.7%	1.9%	54.8%	49.8%	45.5%	36.0%	41.5%
Return on equity	7.6%	6.4%	5.2%	7.2%	0.6%	28.3%	28.6%	17.0%	13.1%	15.9%
Return on assets	3.2%	2.9%	2.4%	3.3%	0.3%	11.7%	11.9%	7.6%	6.1%	8.1%
Asset turnover	0.18	0.16	0.14	0.16	0.15	0.21	0.24	0.17	0.17	0.19
Current ratio	0.75	0.82	0.76	0.74	0.93	1.15	2.40	1.69	1.40	1.73
Debt to equity	98.5%	70.0%	97.0%	101.1%	108.7%	143.0%	120.9%	99.3%	68.0%	73.0%
Interest cover (operating income ÷ interest)	3.3x	2.5x	1.9x	2.0x	0.9x	6.1x	6.2x	4.7x	4.2x	5.1x
Dividends ÷ net income	91.8%	51.8%	73.1%	59.2%	737.5%	16.4%	21.5%	18.6%	23.2%	21.7%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

4 of 6 checks passed · December 31, 2025

What it owns · $3.9bn

Short-term assets $691mLonger-term assets $3.2bn

What it owes, and who funded it · $2.5bn

Short-term liabilities $399mShareholders' equity $2.1bn

Short-term assets cover short-term liabilities $691m of assets due within a year against $399m of liabilities due within a year.
Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
More cash than debt $520m of cash against $1.5bn of debt.
Debt below 40% of shareholders' equity Debt is 73% of equity.
Debt burden no higher than five years ago Debt to equity moved from 97% to 73% over five years.
A year's operating cash flow covers at least 20% of debt $537m of operating cash flow against $1.5bn of debt.
Operating profit covers interest at least five times over Operating income of $456m against $90m of interest.

From Costamare Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Costamare Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Costamare Inc.