Castor Maritime Past Earnings Performance
Past criteria checks 4/6
Castor Maritime has been growing earnings at an average annual rate of 42.4%, while the Shipping industry saw earnings growing at 44.4% annually. Revenues have been growing at an average rate of 36.9% per year. Castor Maritime's return on equity is 11.7%, and it has net margins of 73%.
Key information
42.4%
Earnings growth rate
-12.0%
EPS growth rate
| Shipping Industry Growth | 61.1% |
| Revenue growth rate | 36.9% |
| Return on equity | 11.7% |
| Net Margin | 73.0% |
| Last Earnings Update | 30 Jun 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Castor Maritime makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 24 | 84 | 62 | 12 | 0 |
| 31 Mar 24 | 93 | 48 | 13 | 0 |
| 31 Dec 23 | 98 | 20 | 13 | 0 |
| 30 Sep 23 | 102 | 4 | 14 | 0 |
| 30 Jun 23 | 120 | 28 | 15 | 0 |
| 31 Mar 23 | 137 | 42 | 14 | 0 |
| 31 Dec 22 | 150 | 67 | 14 | 0 |
| 30 Sep 22 | 179 | 76 | 13 | 0 |
| 30 Jun 22 | 183 | 73 | 11 | 0 |
| 31 Mar 22 | 163 | 58 | 11 | 0 |
| 31 Dec 21 | 103 | 41 | 8 | 0 |
| 30 Sep 21 | 76 | 22 | 8 | 0 |
| 30 Jun 21 | 36 | 6 | 6 | 0 |
| 31 Mar 21 | 17 | 0 | 3 | 0 |
| 31 Dec 20 | 12 | -2 | 2 | 0 |
| 30 Sep 20 | 11 | 1 | 1 | 0 |
| 30 Jun 20 | 9 | 2 | 1 | 0 |
| 31 Mar 20 | 8 | 1 | 1 | 0 |
| 31 Dec 19 | 6 | 1 | 1 | 0 |
| 30 Jun 19 | 4 | -1 | 1 | 0 |
| 31 Mar 19 | 4 | -1 | 1 | 0 |
| 31 Dec 18 | 4 | 2 | 0 | 0 |
| 30 Sep 18 | 4 | -1 | 0 | 0 |
| 30 Sep 17 | 2 | 1 | 0 | 0 |
Quality Earnings: 1C1 has a large one-off gain of $49.2M impacting its last 12 months of financial results to 30th June, 2024.
Growing Profit Margin: 1C1's current net profit margins (73%) are higher than last year (23.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 1C1 has become profitable over the past 5 years, growing earnings by 42.4% per year.
Accelerating Growth: 1C1's earnings growth over the past year (121.8%) exceeds its 5-year average (42.4% per year).
Earnings vs Industry: 1C1 earnings growth over the past year (121.8%) exceeded the Shipping industry -34%.
Return on Equity
High ROE: 1C1's Return on Equity (11.7%) is considered low.