Costamare Inc (CMRE) - Net Assets
Based on the latest financial reports, Costamare Inc (CMRE) has net assets worth $2.16 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.86 Billion) and total liabilities ($1.70 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are Costamare Inc's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.16 Billion |
| % of Total Assets | 55.89% |
| Annual Growth Rate | N/A |
| 5-Year Change | 25.09% |
| 10-Year Change | 100.94% |
| Growth Volatility | 33.35 |
Costamare Inc - Net Assets Trend (2008–2025)
This chart illustrates how Costamare Inc's net assets have evolved over time, based on quarterly financial data. Also explore CMRE current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Costamare Inc (2008–2025)
The table below shows the annual net assets of Costamare Inc from 2008 to 2025. For live valuation and market cap data, see CMRE market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.16 Billion | -15.95% |
| 2024-12-31 | $2.57 Billion | +5.30% |
| 2023-12-31 | $2.44 Billion | +12.91% |
| 2022-12-31 | $2.16 Billion | +25.18% |
| 2021-12-31 | $1.73 Billion | +27.96% |
| 2020-12-31 | $1.35 Billion | -4.39% |
| 2019-12-31 | $1.41 Billion | +3.95% |
| 2018-12-31 | $1.36 Billion | +11.37% |
| 2017-12-31 | $1.22 Billion | +13.41% |
| 2016-12-31 | $1.07 Billion | +11.51% |
| 2015-12-31 | $963.51 Million | +20.04% |
| 2014-12-31 | $802.64 Million | +22.18% |
| 2013-12-31 | $656.95 Million | +26.23% |
| 2012-12-31 | $520.45 Million | +57.72% |
| 2011-12-31 | $329.99 Million | -8.88% |
| 2010-12-31 | $362.14 Million | +133.31% |
| 2009-12-31 | $155.22 Million | +1543.93% |
| 2008-12-31 | $-10.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Costamare Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 110159600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $868.73 Million | 41.64% |
| Common Stock | $13.00K | 0.00% |
| Other Comprehensive Income | $4.32 Million | 0.21% |
| Other Components | $1.21 Billion | 58.15% |
| Total Equity | $2.09 Billion | 100.00% |
Costamare Inc Competitors by Market Cap
The table below lists competitors of Costamare Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gränges AB (publ)
ST:GRNG
|
$2.08 Billion |
|
Shanghai Anlogic Infotech Co Ltd
SHG:688107
|
$2.08 Billion |
|
Interparfums SA
PA:ITP
|
$2.09 Billion |
|
Capri Global Capital Limited
NSE:CGCL
|
$2.09 Billion |
|
First National Financial Corp
TO:FN
|
$2.08 Billion |
|
Nanjing Gaoke Co Ltd
SHG:600064
|
$2.08 Billion |
|
Kiatnakin Phatra Bank Public Company Limited
BK:KKP
|
$2.08 Billion |
|
Basic Fit NV
AS:BFIT
|
$2.08 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Costamare Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,513,514,000 to 2,086,194,000, a change of -427,320,000 (-17.0%).
- Net income of 364,575,000 contributed positively to equity growth.
- Dividend payments of 79,286,999 reduced retained earnings.
- Other comprehensive income decreased equity by 13,025,000.
- Other factors decreased equity by 699,583,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $364.57 Million | +17.48% |
| Dividends Paid | $79.29 Million | -3.8% |
| Other Comprehensive Income | $-13.03 Million | -0.62% |
| Other Changes | $-699.58 Million | -33.53% |
| Total Change | $- | -17.00% |
Book Value vs Market Value Analysis
This analysis compares Costamare Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $-0.23 | $17.27 | x |
| 2009-12-31 | $3.30 | $17.27 | x |
| 2010-12-31 | $7.37 | $17.27 | x |
| 2011-12-31 | $5.47 | $17.27 | x |
| 2012-12-31 | $7.70 | $17.27 | x |
| 2013-12-31 | $8.78 | $17.27 | x |
| 2014-12-31 | $10.73 | $17.27 | x |
| 2015-12-31 | $12.84 | $17.27 | x |
| 2016-12-31 | $13.91 | $17.27 | x |
| 2017-12-31 | $12.12 | $17.27 | x |
| 2018-12-31 | $12.29 | $17.27 | x |
| 2019-12-31 | $12.19 | $17.27 | x |
| 2020-12-31 | $11.18 | $17.27 | x |
| 2021-12-31 | $14.02 | $17.27 | x |
| 2022-12-31 | $17.54 | $17.27 | x |
| 2023-12-31 | $19.81 | $17.27 | x |
| 2024-12-31 | $21.07 | $17.27 | x |
| 2025-12-31 | $17.36 | $17.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Costamare Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.48%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 41.53%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.85x
- Recent ROE (17.48%) is above the historical average (17.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 0.00% | 23.40% | 0.23x | 0.00x | $100.85 Million |
| 2009 | 75.33% | 29.24% | 0.23x | 11.02x | $101.41 Million |
| 2010 | 22.43% | 23.00% | 0.19x | 5.05x | $45.01 Million |
| 2011 | 26.54% | 22.92% | 0.19x | 6.01x | $54.59 Million |
| 2012 | 15.59% | 21.01% | 0.17x | 4.44x | $29.08 Million |
| 2013 | 15.69% | 24.89% | 0.15x | 4.09x | $37.39 Million |
| 2014 | 14.34% | 23.78% | 0.18x | 3.38x | $34.82 Million |
| 2015 | 14.92% | 29.32% | 0.19x | 2.74x | $47.41 Million |
| 2016 | 7.60% | 17.45% | 0.18x | 2.38x | $-25.74 Million |
| 2017 | 5.98% | 17.67% | 0.17x | 2.04x | $-48.98 Million |
| 2018 | 4.95% | 17.68% | 0.12x | 2.25x | $-68.47 Million |
| 2019 | 7.02% | 20.71% | 0.16x | 2.14x | $-42.07 Million |
| 2020 | 0.66% | 1.93% | 0.15x | 2.23x | $-126.00 Million |
| 2021 | 25.21% | 54.83% | 0.18x | 2.55x | $262.53 Million |
| 2022 | 25.73% | 49.82% | 0.23x | 2.27x | $339.26 Million |
| 2023 | 16.19% | 25.52% | 0.29x | 2.22x | $147.50 Million |
| 2024 | 12.73% | 15.35% | 0.40x | 2.05x | $68.57 Million |
| 2025 | 17.48% | 41.53% | 0.23x | 1.85x | $155.96 Million |
Industry Comparison
This section compares Costamare Inc's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $555,247,726
- Average return on equity (ROE) among peers: 5.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Costamare Inc (CMRE) | $2.16 Billion | 0.00% | 0.79x | $2.08 Billion |
| Ardmore Shpng (ASC) | $232.36 Million | -1.65% | 0.54x | $552.67 Million |
| BW LPG Limited (BWLP) | $1.25 Billion | 19.48% | 0.93x | $2.23 Billion |
| Capital Clean Energy Carriers Corp. (CCEC) | $573.83 Million | -3.58% | 0.86x | $1.19 Billion |
| C3is Inc. (CISS) | $43.89 Million | 1.26% | 0.02x | $1.91 Million |
| Costamare Bulkers Holdings Limited (CMDB) | $781.77 Million | -5.39% | 0.40x | $402.68 Million |
| Castor Maritime Inc (CTRM) | $13.20 Million | 8.24% | 1.30x | $19.61 Million |
| Danaos Corporation (DAC) | $690.85 Million | -4.77% | 2.88x | $2.12 Billion |
| Diana Shipping Inc. (DSX) | $999.33 Million | 12.16% | 0.32x | $206.08 Million |
| Okeanis Eco Tankers Corp. (ECO) | $410.43 Million | 26.52% | 1.64x | $1.68 Billion |
About Costamare Inc
Costamare Inc. owns and operates containerships and dry bulk vessels worldwide. Its containerships are chartered to liner companies providing transportation of cargoes. The company also charters dry bulk vessels to various customers providing worldwide transportation for dry bulk cargoes. As of February 24, 2026, it had a fleet of fleet of 79 containerships and 38 dry bulk vessels. The company wa… Read more