Navios Maritime Partners L.P.(NMM)Earnings, Financials & Key Ratios
NMM•NYSE
$75.18
7.8× P/E·Price updated Jul 7, 2026
AboutNavios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. The company offers seaborne transportation services for a range of liquid and dry cargo commodities, including crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer, and containers, as well as provides its vessels under short, medium, and longer-term charters. It operates a fleet of 26 Panamax vessels, 24 Capesize vessels, four Ultra-Handymax vessels, 47 containerships, and 45 tankers. Olympos Maritime Ltd. serves as the general partner of Navios Maritime Partners L.P. The company was founded in 2007 and is based in Monaco.Show more
- Revenue$1.34B+0.8%
- EBITDA$740M+0.4%
- Net Income$285M-20.7%
- EPS (Diluted)9.59-19.9%
- Gross Margin64.54%-2.4%
- EBITDA Margin55.05%-0.3%
- Operating Margin29.09%-13.3%
- Net Margin21.23%-21.3%
- ROE8.85%-27.7%
NMM Price & Volume
Navios Maritime Partners L.P. (NMM) stock price & volume — 10-year historical chart
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Diversified Fleet Expansion Drives Cyclical Revenue Recovery
Investment Thesis • Updated 2026Q1
VerdictNeutral: While the forward P/E of 4.03 suggests an attractive valuation
Growth:Mixed
Profitability:Strong
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Cyclical Charter Rate Volatility
Key Thesis Takeaways
- Navios Maritime Partners L.P.
- is leveraging a diversified asset base to navigate shipping market volatility, evidenced by a 17.4% year-over-year revenue growth in 2026Q1.
- While the partnership has successfully improved its current ratio to 1.45 and reduced its debt-to-equity ratio to 0.69, investors should remain cautious regarding the persistent capital intensity of its $4.5 billion net PPE base.
- The long-term outlook remains tied to the partnership's ability to manage complex related-party structures while maintaining operational cash flow that consistently exceeds net income.
Verdict Logic
the inherent risks of a 20.4% CapEx/Revenue ratio and the potential for a conglomerate discount warrant a cautious approach until further cash flow stability is proven.
NMM Growth Metrics
Navios Maritime Partners L.P. (NMM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years19.64%
5 Years42.75%
3 Years3.55%
TTM5.87%
Profit CAGR
10 Years21.76%
5 Years-
3 Years-20.49%
TTM5.62%
EPS CAGR
10 Years2.91%
5 Years-
3 Years-20.13%
TTM7.81%
Return on Capital
10 Years7.05%
5 Years10.54%
3 Years8.75%
Last Year7.28%
NMM Recent Earnings
Navios Maritime Partners L.P. (NMM) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 21, 2026Metric
Actual
Est
EPS
$3.35+20.9%
$2.77
Rev
$357M+12.3%
$318M
Q1 2026
Feb 19, 2026Metric
Actual
Est
EPS
$3.40+42.9%
$2.38
Rev
$366M+15.7%
$316M
Q4 2025
Nov 18, 2025Metric
Actual
Est
EPS
$2.83+11.4%
$2.54
Rev
$347M+10.0%
$315M
Q3 2025
Aug 21, 2025Metric
Actual
Est
EPS
$2.15+23.6%
$1.74
Rev
$328M+1.3%
$323M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 21, 2026 | $3.35vs $2.77+20.9% | $357Mvs $318M+12.3% |
| Q1 2026 | Feb 19, 2026 | $3.40vs $2.38+42.9% | $366Mvs $316M+15.7% |
| Q4 2025 | Nov 18, 2025 | $2.83vs $2.54+11.4% | $347Mvs $315M+10.0% |
| Q3 2025 | Aug 21, 2025 | $2.15vs $1.74+23.6% | $328Mvs $323M+1.3% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Navios Maritime Partners L.P. (NMM)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $75.18 | $2.15B | 7.84 | 0.76% | 21.23% | 8.85% | 0.27% | |
| $26.20 | $2.98B | 35.89 | -17.62% | 13.01% | 5.87% | — | |
| $25.03 | $1.09B | -250.30 | -19.14% | 8.12% | 4.19% | — | |
| $2.16 | $266.85M | 19.64 | -6.43% | 8.35% | 3.6% | — | |
| $6.73 | $685.29M | 22.43 | -10.37% | 13.99% | 4.68% | — | |
| $69.33 | $2.4B | 6.86 | -22.58% | 42.6% | 21.4% | — |
Compare NMM vs Peers
Navios Maritime Partners L.P. (NMM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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NMM Frequently Asked Questions
Navios Maritime Partners L.P. (NMM) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Navios Maritime Partners L.P.'s revenue?
Navios Maritime Partners L.P. (NMM) reported $1.40B in revenue for fiscal year 2025. This represents a 15034% increase from $9.2M in 2005.
How fast is Navios Maritime Partners L.P. growing?
Navios Maritime Partners L.P. (NMM) grew revenue by 0.8% over the past year. Growth has been modest.
Is NMM profitable?
Yes, Navios Maritime Partners L.P. (NMM) is profitable, generating $347.3M in net income for fiscal year 2025 (21.2% net margin).
Dividend & Returns
Does NMM pay dividends?
Yes, Navios Maritime Partners L.P. (NMM) pays a dividend with a yield of 0.27%. This makes it attractive for income-focused investors.
What is NMM's return on equity?
Navios Maritime Partners L.P. (NMM) has a return on equity (ROE) of 8.9%. This is below average, suggesting room for improvement.
What is Navios Maritime Partners L.P.'s free cash flow?
Navios Maritime Partners L.P. (NMM) generated $213.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.