Costamare Past Earnings Performance
Past criteria checks 1/6
Costamare has been growing earnings at an average annual rate of 51%, while the Shipping industry saw earnings growing at 48.3% annually. Revenues have been growing at an average rate of 28.6% per year. Costamare's return on equity is 15.6%, and it has net margins of 23.5%.
Key information
51.0%
Earnings growth rate
50.6%
EPS growth rate
| Shipping Industry Growth | 51.9% |
| Revenue growth rate | 28.6% |
| Return on equity | 15.6% |
| Net Margin | 23.5% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Costamare 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 |
|---|---|---|---|---|
| 31 Dec 23 | 1,511 | 355 | 80 | 0 |
| 30 Sep 23 | 1,282 | 445 | 81 | 0 |
| 30 Jun 23 | 1,171 | 499 | 75 | 0 |
| 31 Mar 23 | 1,095 | 550 | 71 | 0 |
| 31 Dec 22 | 1,114 | 524 | 66 | 0 |
| 30 Sep 22 | 1,132 | 491 | 63 | 0 |
| 30 Jun 22 | 1,059 | 490 | 61 | 0 |
| 31 Mar 22 | 935 | 459 | 54 | 0 |
| 31 Dec 21 | 794 | 404 | 46 | 0 |
| 30 Sep 21 | 629 | 270 | 40 | 0 |
| 30 Jun 21 | 521 | 180 | 36 | 0 |
| 31 Mar 21 | 466 | 13 | 34 | 0 |
| 31 Dec 20 | 460 | -22 | 33 | 0 |
| 30 Sep 20 | 466 | -13 | 32 | 0 |
| 30 Jun 20 | 481 | -2 | 32 | 0 |
| 31 Mar 20 | 487 | 103 | 31 | 0 |
| 31 Dec 19 | 478 | 68 | 31 | 0 |
| 30 Sep 19 | 460 | 52 | 30 | 0 |
| 30 Jun 19 | 427 | 30 | 29 | 0 |
| 31 Mar 19 | 401 | 15 | 29 | 0 |
| 31 Dec 18 | 380 | 37 | 29 | 0 |
| 30 Sep 18 | 375 | 22 | 28 | 0 |
| 30 Jun 18 | 385 | 35 | 28 | 0 |
| 31 Mar 18 | 400 | 46 | 28 | 0 |
| 31 Dec 17 | 412 | 52 | 28 | 0 |
| 30 Sep 17 | 422 | 38 | 32 | 0 |
| 30 Jun 17 | 439 | 35 | 32 | 0 |
| 31 Mar 17 | 453 | 49 | 33 | 0 |
| 31 Dec 16 | 468 | 61 | 33 | 0 |
| 30 Sep 16 | 480 | 110 | 33 | 0 |
| 30 Jun 16 | 486 | 124 | 34 | 0 |
| 31 Mar 16 | 490 | 132 | 35 | 0 |
| 31 Dec 15 | 490 | 126 | 36 | 0 |
| 30 Sep 15 | 489 | 121 | 33 | 0 |
| 30 Jun 15 | 490 | 125 | 32 | 0 |
| 31 Mar 15 | 490 | 109 | 29 | 0 |
| 31 Dec 14 | 484 | 103 | 26 | 0 |
| 30 Sep 14 | 476 | 101 | 28 | 0 |
| 30 Jun 14 | 461 | 88 | 27 | 0 |
| 31 Mar 14 | 438 | 94 | 26 | 0 |
| 31 Dec 13 | 414 | 102 | 25 | 0 |
| 30 Sep 13 | 397 | 99 | 20 | 0 |
| 30 Jun 13 | 382 | 91 | 20 | 0 |
Quality Earnings: CMRE.PRC has a large one-off gain of $116.4M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: CMRE.PRC's current net profit margins (23.5%) are lower than last year (47%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CMRE.PRC's earnings have grown significantly by 51% per year over the past 5 years.
Accelerating Growth: CMRE.PRC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CMRE.PRC had negative earnings growth (-32.3%) over the past year, making it difficult to compare to the Shipping industry average (-41.2%).
Return on Equity
High ROE: CMRE.PRC's Return on Equity (15.6%) is considered low.