Latest Ratios: P/E Ratio 6.2x · EV/EBITDA 3.6x · ROE 3.0%. (2017–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $127M | $111M | $107M | $93M | $42M | $48M | $5M | $2M | — | — |
| Enterprise Value | $53M | $37M | $130M | $65M | $80M | $113M | $14M | $13M | — | — |
| P/E Ratio → | 6.22 | 5.75 | 3.16 | 2.53 | 0.35 | 1.18 | — | 2.35 | — | — |
| P/S Ratio | 1.55 | 1.36 | 1.61 | 0.96 | 0.28 | 0.36 | 0.40 | 0.33 | — | — |
| P/B Ratio | 0.18 | 0.17 | 0.17 | 0.18 | 0.09 | 0.14 | 0.09 | 0.15 | — | — |
| P/FCF | 13.84 | 12.13 | — | 2.22 | 0.89 | — | — | — | — | — |
| P/OCF | 12.61 | 11.05 | 2.54 | 2.19 | 0.34 | 0.79 | — | 0.84 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.46 | 1.96 | 0.67 | 0.53 | 0.85 | 1.14 | 2.20 | — | — |
| EV / EBITDA | 3.61 | 2.55 | 7.50 | 1.45 | 0.87 | 1.61 | 6.03 | 5.68 | — | — |
| EV / EBIT | — | 1.47 | 6.04 | 1.99 | 1.09 | 2.03 | 31.06 | 10.03 | — | — |
| EV / FCF | — | 4.08 | — | 1.56 | 1.69 | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.5% | 26.5% | 29.7% | 29.2% | 57.7% | 49.6% | 20.4% | 33.6% | 39.3% | 27.7% |
| Operating Margin | -0.1% | -0.1% | 2.3% | 22.6% | 48.7% | 42.0% | 3.6% | 23.7% | 24.9% | 20.3% |
| Net Profit Margin | 23.6% | 23.6% | 22.1% | 39.6% | 78.9% | 39.6% | -14.0% | 18.2% | 24.8% | 43.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.0% | 3.0% | 2.6% | 7.9% | 29.5% | 26.4% | -5.3% | 9.6% | 10.9% | 10.3% |
| ROA | 2.4% | 2.4% | 2.1% | 6.2% | 21.6% | 19.5% | -3.3% | 5.4% | 10.7% | 10.1% |
| ROIC | -0.0% | -0.0% | 0.2% | 3.4% | 12.1% | 17.7% | 0.8% | 6.6% | 9.6% | — |
| ROCE | -0.0% | -0.0% | 0.2% | 3.8% | 14.5% | 22.6% | 1.0% | 7.7% | 11.2% | 4.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.12 | 0.12 | 0.18 | 0.16 | 0.30 | 0.30 | 0.35 | 1.19 | — | — |
| Debt / EBITDA | 5.32 | 5.32 | 6.42 | 1.85 | 1.51 | 1.46 | 7.72 | 6.81 | — | — |
| Net Debt / Equity | — | -0.11 | 0.04 | -0.05 | 0.08 | 0.19 | 0.18 | 0.85 | -0.18 | -0.10 |
| Net Debt / EBITDA | -5.03 | -5.03 | 1.35 | -0.62 | 0.42 | 0.93 | 3.93 | 4.84 | -1.03 | -1.41 |
| Debt / FCF | — | -8.05 | — | -0.67 | 0.81 | — | — | — | -1.93 | — |
| Interest Coverage | 8.37 | 8.37 | 3.54 | 2.91 | 9.60 | 19.48 | 0.21 | 5.90 | 533.65 | 770.54 |
Net cash position: cash ($152M) exceeds total debt ($78M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.44 | 6.44 | 3.94 | 8.47 | 3.24 | 1.62 | 1.24 | 2.09 | 4.88 | 6.02 |
| Quick Ratio | 6.41 | 6.41 | 3.92 | 8.44 | 3.20 | 1.49 | 1.18 | 2.04 | 4.73 | 5.82 |
| Cash Ratio | 5.23 | 5.23 | 2.44 | 6.59 | 1.96 | 1.09 | 0.82 | 1.53 | 4.02 | 3.73 |
| Asset Turnover | — | 0.10 | 0.08 | 0.16 | 0.24 | 0.29 | 0.17 | 0.20 | 0.41 | 0.23 |
| Inventory Turnover | 75.90 | 75.90 | 30.02 | 70.62 | 32.75 | 14.99 | 13.90 | 27.60 | 39.59 | 31.30 |
| Days Sales Outstanding | — | 163.19 | 115.59 | 32.06 | 13.05 | 22.73 | 83.63 | 59.69 | 0.23 | 79.38 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.1% | 4.4% | 2.3% | 0.5% | — | — | 100.0% | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 16.1% | 17.4% | 31.6% | 39.5% | 282.8% | 84.5% | — | 42.5% | — | — |
| FCF Yield | 7.2% | 8.2% | — | 45.0% | 113.0% | — | — | — | — | — |
| Buyback Yield | 47.4% | 54.0% | 0.0% | 0.0% | 0.0% | 30.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 51.4% | 58.4% | 2.3% | 0.5% | 0.0% | 30.0% | 100.0% | 0.0% | — | — |
| Shares Outstanding | — | $54M | $39M | $22M | $9M | $9M | $677351 | $26623 | $24000 | $24000 |
Operational Margin Volatility
Based on reported figures, CTRM trades at a P/B of 0.17, which suggests the market heavily discounts the company's book value due to historical equity dilution and a lack of clear shareholder return policies compared to peers like Star Bulk Carriers.
The current P/E of 5.89 appears artificially low, likely reflecting investor skepticism regarding the sustainability of earnings derived from non-operating vessel sales. This valuation gap suggests that the market is pricing the company as a liquidating entity rather than a long-term shipping operator.
As reported in financial statements, the company's operating margin of -0.11% stands in stark contrast to its net margin of 23.55%, indicating that core shipping operations are currently failing to generate profit without the assistance of non-recurring accounting gains.
Investors should monitor the gross margin, which has fluctuated significantly, as it serves as a more reliable indicator of operational health than net income. The persistent inability to convert gross profit into positive operating income suggests that administrative and depreciation burdens are currently overwhelming the fleet's revenue-generating capacity.
According to recent SEC filings, the company's ROIC has been highly volatile, swinging from -4.1% in 2025Q1 to 0.3% in 2026Q1, which highlights the difficulty management faces in deploying capital effectively within a fragmented and cyclical maritime market.
The low ROIC trend suggests that the company's aggressive fleet expansion strategy has not yet translated into sustainable value creation for shareholders. This performance warrants further investigation into whether the capital recycled into new vessels is truly earning a return above the cost of capital.
Based on reported figures, the company maintains a negligible debt-to-equity ratio of 0.12%, providing a unique defensive posture that shields it from interest rate volatility, unlike more leveraged peers such as Seanergy Maritime which carry significantly higher debt burdens.
While this low leverage provides a substantial safety net, it also implies that the company is not utilizing debt to amplify returns during favorable market cycles. This conservative capital structure appears to be a strategic choice to mitigate the inherent risks of the shipping industry, though it may limit potential upside.
The P/B ratio is frequently misapplied to this business model, as it obscures the reality that vessel book values often diverge sharply from market-clearing prices in a volatile shipping environment, rendering the metric a poor proxy for true liquidation value.
Analysts should instead focus on Net Asset Value (NAV) adjusted for current second-hand vessel market prices, as this provides a more accurate assessment of the company's underlying worth. Relying on P/B in this context may lead to a false sense of security regarding the company's asset-backed floor.
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Quick answers to the most common questions about buying CTRM stock.
Castor Maritime Inc.'s current P/E ratio is 6.2x. The historical average is 2.6x. This places it at the 100th percentile of its historical range.
Castor Maritime Inc.'s current EV/EBITDA is 3.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 3.7x.
Castor Maritime Inc.'s return on equity (ROE) is 3.0%. The historical average is 10.5%.
Based on historical data, Castor Maritime Inc. is trading at a P/E of 6.2x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Castor Maritime Inc.'s current dividend yield is 4.09%.
Castor Maritime Inc. has 26.5% gross margin and -0.1% operating margin.
Castor Maritime Inc.'s Debt/EBITDA ratio is 5.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.