Costamare Inc. (CMRE) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 201.56M | 211.97M | 225.17M | 210.9M | 446.23M | 548.4M | 544.64M | 217.93M | 475.43M | 494.85M | 400.37M | 367.42M | 248.77M | 265.43M | 289.49M | 290.93M | 268.01M | 283.92M | 216.23M | 166.77M |
| Revenue Growth % | -54.83% | -61.35% | -58.66% | -3.23% | -6.14% | 10.82% | 36.03% | -40.69% | 91.11% | 86.43% | 38.3% | 26.29% | -7.18% | -6.51% | 33.88% | 74.45% | 111.49% | 138.3% | 100.39% | 49.08% |
| Cost of Goods Sold | 98.43M | 97.91M | 63.14M | 94.22M | 311.16M | 392.93M | 420.45M | 85.84M | 349.11M | 371.05M | 286.85M | 256.32M | 160.77M | 135.44M | 128.72M | 127.13M | 121.92M | 114.06M | 97.16M | 76.4M |
| COGS % of Revenue | 48.83% | 46.19% | 28.04% | 44.67% | 69.73% | 71.65% | 77.2% | 39.39% | 73.43% | 74.98% | 71.65% | 69.76% | 64.62% | 51.03% | 44.46% | 43.7% | 45.49% | 40.17% | 44.94% | 45.81% |
| Gross Profit | 103.13M | 114.06M | 162.03M | 116.68M | 135.07M | 155.47M | 124.19M | 132.09M | 126.32M | 123.79M | 113.52M | 111.1M | 88M | 129.99M | 160.77M | 163.8M | 146.09M | 169.85M | 119.06M | 90.37M |
| Gross Margin % | 51.17% | 53.81% | 71.96% | 55.33% | 30.27% | 28.35% | 22.8% | 60.61% | 26.57% | 25.02% | 28.35% | 30.24% | 35.38% | 48.97% | 55.54% | 56.3% | 54.51% | 59.83% | 55.06% | 54.19% |
| Gross Profit Growth % | -23.65% | -26.64% | 30.47% | -11.66% | 6.93% | 25.59% | 9.4% | 18.89% | 43.54% | -4.77% | -29.39% | -32.17% | -39.76% | -23.47% | 35.03% | 81.25% | 133.46% | 209.04% | 161.39% | 73.72% |
| Operating Expenses | 15M | 13.36M | 44.26M | 11.53M | 27.4M | 28.24M | 20.19M | 14.05M | 22.92M | 17.39M | 29.51M | -11.46M | -67.02M | -87.64M | 14.71M | 12.57M | -1.23M | -12.68M | -3.95M | 8.16M |
| OpEx % of Revenue | 7.44% | 6.3% | 19.65% | 5.47% | 6.14% | 5.15% | 3.71% | 6.45% | 4.82% | 3.51% | 7.37% | -3.12% | -26.94% | -33.02% | 5.08% | 4.32% | -0.46% | -4.47% | -1.83% | 4.89% |
| Selling, General & Admin | 15M | 5.96M | 11.3M | 11.53M | 8.8M | 8.26M | 10.11M | 6.54M | 6.89M | 5.46M | 7.42M | 5.55M | 5.77M | 4.54M | 3.91M | 5.27M | 5.81M | 5.34M | 4.57M | 3.51M |
| SG&A % of Revenue | 7.44% | 2.81% | 5.02% | 5.47% | 1.97% | 1.51% | 1.86% | 3% | 1.45% | 1.1% | 1.85% | 1.51% | 2.32% | 1.71% | 1.35% | 1.81% | 2.17% | 1.88% | 2.11% | 2.1% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | 1000K | 1000K | -1000K | -1000K | -1000K | 1000K |
| Operating Income | 88.13M | 100.7M | 117.77M | 105.15M | 107.67M | 127.24M | 104M | 118.04M | 103.4M | 106.41M | 84.01M | 122.56M | 155.03M | 217.64M | 146.06M | 151.23M | 147.32M | 182.54M | 123.01M | 82.22M |
| Operating Margin % | 43.72% | 47.51% | 52.3% | 49.86% | 24.13% | 23.2% | 19.1% | 54.16% | 21.75% | 21.5% | 20.98% | 33.36% | 62.32% | 81.99% | 50.45% | 51.98% | 54.97% | 64.29% | 56.89% | 49.3% |
| Operating Income Growth % | -18.15% | -20.86% | 13.24% | -10.92% | 4.13% | 19.58% | 23.79% | -3.69% | -33.3% | -51.11% | -42.48% | -18.96% | 5.23% | 19.23% | 18.73% | 83.94% | 174.94% | 370.35% | 230.95% | 228.66% |
| EBITDA | 126.44M | 139.39M | 139.2M | 141.88M | 149.33M | 168.67M | 145.25M | 140.43M | 143.94M | 148.12M | 126M | 163.81M | 196.22M | 259.45M | 187.87M | 192.61M | 188.52M | 223.53M | 160.18M | 113.5M |
| EBITDA Margin % | 62.73% | 65.76% | 61.82% | 67.28% | 33.47% | 30.76% | 26.67% | 64.44% | 30.27% | 29.93% | 31.47% | 44.58% | 78.88% | 97.75% | 64.9% | 66.21% | 70.34% | 78.73% | 74.08% | 68.06% |
| EBITDA Growth % | -15.33% | -17.36% | -4.16% | 1.03% | 3.75% | 13.87% | 15.28% | -14.27% | -26.65% | -42.91% | -32.93% | -14.95% | 4.09% | 16.07% | 17.29% | 69.7% | 133.66% | 238.99% | 153.85% | 413.09% |
| D&A (Non-Cash Add-back) | 38.31M | 38.69M | 21.43M | 36.73M | 41.66M | 41.44M | 41.25M | 22.39M | 40.54M | 41.72M | 41.98M | 41.25M | 41.19M | 41.81M | 41.81M | 41.38M | 41.2M | 40.99M | 37.17M | 31.29M |
| EBIT | 100.85M | 96.79M | 117.21M | 128.38M | 112.27M | 63.73M | 114.32M | 126.74M | 135.62M | 146.78M | 96.16M | 103.85M | 185.47M | 228.8M | 146.72M | 152.07M | 143.7M | 181.61M | 139.46M | 111.06M |
| Net Interest Income | -15.12M | -14.02M | -19.29M | -16.78M | -21.95M | -24.82M | -26.82M | -19.58M | -24.64M | -27.5M | -27.51M | -26.81M | -30.16M | -30.93M | -30.28M | -29.96M | -25.12M | -25.22M | -24.18M | -19.32M |
| Interest Income | 3.83M | 3.62M | 3.74M | 5.48M | 6.48M | 6.99M | 8.63M | 8.67M | 8.31M | 6.9M | 9.17M | 9.65M | 6.72M | 4.86M | 955K | 124K | 14K | 33K | 65K | 1.12M |
| Interest Expense | 18.95M | 17.64M | 23.03M | 22.26M | 28.43M | 31.81M | 35.45M | 28.25M | 32.95M | 34.41M | 36.69M | 36.46M | 36.88M | 35.79M | 31.23M | 30.08M | 25.13M | 25.25M | 24.25M | 20.44M |
| Other Income/Expense | -6.23M | -21.55M | -18.42M | 973K | -6.83M | -95.32M | -25.13M | -19.55M | -725K | -1.73M | -23.93M | -55.17M | -6.19M | -23.46M | -30.57M | -29.25M | -24.28M | -21.38M | -7.8M | 8.4M |
| Pretax Income | 81.9M | 79.15M | 99.35M | 106.12M | 100.84M | 31.92M | 78.87M | 98.49M | 102.67M | 104.67M | 60.09M | 67.39M | 148.83M | 194.18M | 115.49M | 121.99M | 123.04M | 161.15M | 115.21M | 90.62M |
| Pretax Margin % | 40.63% | 37.34% | 44.12% | 50.32% | 22.6% | 5.82% | 14.48% | 45.19% | 21.6% | 21.15% | 15.01% | 18.34% | 59.83% | 73.16% | 39.89% | 41.93% | 45.91% | 56.76% | 53.28% | 54.34% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 80.4M | 77.84M | 97.91M | 88.69M | 100.13M | 34.97M | 80.75M | 102.33M | 101.86M | 104.35M | 61.14M | 71.1M | 149.16M | 194.44M | 115.49M | 121.99M | 123.04M | 161.15M | 115.21M | 90.62M |
| Net Margin % | 39.89% | 36.72% | 43.48% | 42.06% | 22.44% | 6.38% | 14.83% | 46.96% | 21.43% | 21.09% | 15.27% | 19.35% | 59.96% | 73.25% | 39.89% | 41.93% | 45.91% | 56.76% | 53.28% | 54.34% |
| Net Income Growth % | -19.7% | 122.59% | 21.25% | -13.33% | -1.7% | -66.49% | 32.07% | 43.93% | -31.71% | -46.33% | -47.06% | -41.72% | 21.23% | 20.65% | 0.24% | 34.62% | 80.56% | 495.21% | 356.3% | 218.88% |
| Net Income (Continuing) | 81.9M | 79.15M | 99.35M | 106.12M | 100.84M | 31.92M | 78.87M | 98.49M | 102.67M | 104.67M | 60.09M | 67.39M | 148.83M | 194.18M | 115.49M | 121.99M | 123.04M | 161.15M | 115.21M | 90.62M |
| Discontinued Operations | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 71.84M | 72.76M | 72.15M | 71.07M | 54.67M | 55.09M | 54.96M | 57.7M | 57.91M | 56.86M | 47.89M | 38.8M | 37.33M | 3.49M | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.62 | 0.60 | 0.77 | 0.69 | 0.79 | 0.25 | 0.63 | 0.77 | 0.79 | 0.82 | 0.44 | 0.52 | 1.16 | 1.53 | 0.89 | 0.92 | 0.93 | 1.24 | 0.87 | 0.67 |
| EPS Growth % | -21.52% | 140% | 22.22% | -10.39% | 0% | -69.51% | 43.18% | 48.08% | -31.9% | -46.41% | -50.56% | -43.48% | 24.73% | 23.39% | 2.3% | 37.31% | 89.8% | 675% | 521.43% | 195.71% |
| EPS (Basic) | 0.62 | 0.60 | 0.77 | 0.69 | 0.79 | 0.25 | 0.63 | 0.77 | 0.79 | 0.82 | 0.44 | 0.52 | 1.16 | 1.53 | 0.89 | 0.92 | 0.93 | 1.24 | 0.87 | 0.67 |
| Diluted Shares Outstanding | 120.59M | 120.2M | 120.28M | 120.12M | 119.96M | 119.81M | 119.49M | 119.18M | 118.63M | 118.04M | 121.44M | 122.59M | 122.53M | 121.98M | 121.46M | 124.31M | 124.15M | 123.74M | 123.3M | 122.84M |
| Basic Shares Outstanding | 120.59M | 120.2M | 127.14M | 120.12M | 119.96M | 119.81M | 119.49M | 119.18M | 118.63M | 118.04M | 121.44M | 122.59M | 122.53M | 121.98M | 121.46M | 124.31M | 124.15M | 123.74M | 123.3M | 122.84M |
| Dividend Payout Ratio | 26.7% | 25.16% | 20.14% | 22.58% | 20% | 56.25% | 23.3% | 17.43% | 17.5% | 16.96% | 29.19% | 25.79% | 12.06% | 14.88% | 15.6% | 53.49% | 15.05% | 11.48% | 16.08% | 18.9% |