Mare Nostrum SA

ENXTPA:ALMAR Stock Report

Market Cap: €4.0m

Mare Nostrum Past Earnings Performance

Past criteria checks 2/6

Mare Nostrum's earnings have been declining at an average annual rate of -7.3%, while the Professional Services industry saw earnings growing at 15% annually. Revenues have been declining at an average rate of 4.9% per year. Mare Nostrum's return on equity is 2251%, and it has net margins of 13.3%.

Key information

-7.32%

Earnings growth rate

-7.32%

EPS growth rate

Professional Services Industry Growth3.23%
Revenue growth rate-4.86%
Return on equity2,251.04%
Net Margin13.33%
Last Earnings Update31 Dec 2025

Recent past performance updates

Recent updates

Analysis Article • Oct 17

Is Mare Nostrum (EPA:ALMAR) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Mar 16

Mare Nostrum Société anonyme (EPA:ALMAR) Is Reinvesting At Lower Rates Of Return

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Nov 30

Here's What's Concerning About Mare Nostrum Société anonyme's (EPA:ALMAR) Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article • Jun 18

Here's Why Mare Nostrum Société anonyme (EPA:ALMAR) Has A Meaningful Debt Burden

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Jun 02

Does Mare Nostrum Société anonyme (EPA:ALMAR) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Nov 17

Taking A Look At Mare Nostrum Société anonyme's (EPA:ALMAR) ROE

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

Revenue & Expenses Breakdown

How Mare Nostrum makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

ENXTPA:ALMAR Revenue, expenses and earnings (EUR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2510914240
30 Sep 251093250
30 Jun 25110-9250
31 Mar 25115-10260
31 Dec 24121-10270
30 Sep 24135-13300
30 Jun 24150-16320
31 Mar 24160-14360
31 Dec 23170-12390
30 Sep 23173-8400
30 Jun 23176-3410
31 Mar 23174-3410
31 Dec 22173-2410
30 Sep 22169-1400
30 Jun 221650390
31 Mar 221610370
31 Dec 21156-1350
30 Sep 21151-2330
30 Jun 21147-3320
31 Mar 21135-4300
31 Dec 20123-6280
30 Sep 20130-5290
30 Jun 20136-4290
31 Mar 20151-2310
31 Dec 191660330
30 Sep 191641330
30 Jun 191621320
31 Mar 191561310
31 Dec 181491290
30 Jun 181194230
31 Dec 171073210
30 Nov 16891160

Quality Earnings: ALMAR has a large one-off gain of €19.7M impacting its last 12 months of financial results to 31st December, 2025.

Growing Profit Margin: ALMAR became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ALMAR has become profitable over the past 5 years, growing earnings by -7.3% per year.

Accelerating Growth: ALMAR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ALMAR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Professional Services industry (-7.9%).

Return on Equity

High ROE: Whilst ALMAR's Return on Equity (2251.04%) is outstanding, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/06 16:15
End of Day Share Price 2026/07/03 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mare Nostrum SA is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.