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CTRMCastor Maritime Inc.
$2.24$127M
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CTRM logoCastor Maritime Inc.(CTRM)Earnings, Financials & Key Ratios

CTRM•NASDAQ
$2.24
6.2× P/E·Price updated Jul 7, 2026
SectorIndustrialsIndustryMarine ShippingSub-IndustryDry Bulk Shipping
AboutCastor Maritime Inc. provides shipping services worldwide. The company operates through three segments: Dry Bulk, Aframax/LR2 Tanker, and Handysize Tanker. It offers seaborne transportation services for dry bulk cargo; commodities, such as iron ore, coal, soybeans, etc.; and crude oil and refined petroleum products. As of December 31, 2021, the company owned and operated a fleet of 29 vessels primarily consisting of two Handysize tanker vessels, seven Aframax/LR2 tanker vessels, and 14 dry bulk vessels. Castor Maritime Inc. was incorporated in 2017 and is based in Limassol, Cyprus.Show more
  • Revenue$82M+23.5%
  • EBITDA$15M-15.4%
  • Net Income$19M+31.8%
  • EPS (Diluted)0.36-58.6%
  • Gross Margin26.55%-10.5%
  • EBITDA Margin17.93%-31.5%
  • Operating Margin-0.11%-105.0%
  • Net Margin23.55%+6.7%
  • ROE2.98%+15.7%

CTRM Price & Volume

Castor Maritime Inc. (CTRM) stock price & volume — 10-year historical chart

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Fleet Recycling Strategy Masks Core Operational Volatility

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Fortress
Cash Flow:Mixed
Primary Risk:Operational Margin Volatility

Key Thesis Takeaways

  • Castor Maritime maintains a fortress-like balance sheet with a 0.24 debt-to-equity ratio, yet its fundamental performance remains heavily reliant on opportunistic vessel sales rather than consistent operational cash flow.
  • While the company's liquidity position is robust with $191.8 million in cash, the persistent decoupling of net income from operating income suggests that long-term value creation is obscured by non-operating gains.
  • Investors should monitor the sustainability of this fleet-turnover model, as the company's inability to maintain stable operating margins—which fluctuated between -164.4% and 95.6%—poses significant risks to future earnings quality.

Verdict Logic

while the company holds a strong liquidity buffer of $191.8 million, the reliance on non-operating gains to drive a 62.4% net margin in 2025Q4 suggests that core operational profitability remains too unstable for a long-term conviction buy.

CTRM Growth Metrics

Castor Maritime Inc. (CTRM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years45.64%
3 Years-18.33%
TTM24.97%

Profit CAGR

10 Years-
5 Years-
3 Years-45.43%
TTM418.49%

EPS CAGR

10 Years-
5 Years-
3 Years-69.37%
TTM156.08%

Return on Capital

10 Years7.31%
5 Years8.21%
3 Years1.34%
Last Year-0.01%

CTRM Recent Earnings

Castor Maritime Inc. (CTRM) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
Q2 2026Latest
Apr 15, 2026
Metric
Actual
Est
EPS
$1.21
—
Rev
$23M
—
Q4 2025
Dec 3, 2025
Metric
Actual
Est
EPS
$0.03
—
Rev
$21M
—
Q4 2025
Oct 1, 2025
Metric
Actual
Est
EPS
$0.08
—
Rev
$18M
—
Q2 2025
May 14, 2025
Metric
Actual
Est
EPS
$1.24
—
Rev
$20M
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 15, 2026
$1.21
$23M
Q4 2025Dec 3, 2025
$0.03
$21M
Q4 2025Oct 1, 2025
$0.08
$18M
Q2 2025May 14, 2025
$1.24
$20M
Based on last 12 quarters of dataView full earnings history →

Latest CTRM News

Recent stock market news and headlines for Castor Maritime Inc. (CTRM)

GlobeNewsWire·Jun 30, 2026
Castor Maritime Inc. Announces Vessel Acquisition and the Delivery of M/V Magic Jupiter

LIMASSOL, Cyprus, June 30, 2026 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping and energy company, announces that it has entered into an agreement, through a separate wholly-owned subsidiary, to acquire a 2024-built modern-eco Kamsarmax bulk carrier vessel, the M/V Magic Saturn, from an unaffiliated third party for a purchase price of $41.9 million. The Company took delivery of the M/V Magic Saturn on June 29, 2026.

GlobeNewsWire·Jun 22, 2026
Castor Maritime Inc. Announces Vessel Acquisition

LIMASSOL, Cyprus, June 22, 2026 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping and energy company, announces that it has entered into an agreement, through a separate wholly-owned subsidiary, to acquire a 2023-built modern-eco Kamsarmax bulk carrier vessel from an unaffiliated third party for a purchase price of $37.5 million.

Peers Comparison

Key metrics vs top competitors for Castor Maritime Inc. (CTRM)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CTRM logoCTRMCastor Maritime Inc.Current
$2.24$126.69M6.2223.51%23.55%2.98%4.09%
SBLK logoSBLKStar Bulk Carriers Corp.
$26.20$2.98B35.89-17.62%13.01%5.87%—
NMM logoNMMNavios Maritime Partners L.P.
$75.18$2.15B7.840.76%24.86%10.52%—
SB logoSBSafe Bulkers, Inc.
$6.73$685.29M22.43-10.37%13.99%4.68%—
SHIP logoSHIPSeanergy Maritime Holdings Corp.
$14.18$299.4M14.04-5.59%9.74%5.63%—
EDRY logoEDRYEuroDry Ltd.
$21.61$60.44M-13.94-14.44%-0.55%-0.3%—

Compare CTRM vs Peers

Castor Maritime Inc. (CTRM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SBLK

Most directly comparable listed peer for CTRM.

Scale Benchmark

vs KEX

Larger-name benchmark to compare CTRM against a more recognizable public peer.

Peer Set

Compare Top 5

vs SBLK, NMM, SB, SHIP

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CTRM Frequently Asked Questions

Castor Maritime Inc. (CTRM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Castor Maritime Inc.'s revenue?

Castor Maritime Inc. (CTRM) reported $82.7M in revenue for fiscal year 2025. This represents a 3999% increase from $2.0M in 2017.

How fast is Castor Maritime Inc. growing?

Castor Maritime Inc. (CTRM) grew revenue by 23.5% over the past year. This is strong growth.

Is CTRM profitable?

Yes, Castor Maritime Inc. (CTRM) is profitable, generating $85.4M in net income for fiscal year 2025 (23.6% net margin).

Dividend & Returns
Does CTRM pay dividends?

Yes, Castor Maritime Inc. (CTRM) pays a dividend with a yield of 4.09%. This makes it attractive for income-focused investors.

What is CTRM's return on equity?

Castor Maritime Inc. (CTRM) has a return on equity (ROE) of 3.0%. This is below average, suggesting room for improvement.

What is Castor Maritime Inc.'s free cash flow?

Castor Maritime Inc. (CTRM) generated $19.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in CTRM back in 2017?

Total return calculator · dividends reinvested · 9+ years of data

See returns →