Value Investor
Start free

Costamare

CMRE on NYSE. Deep sea foreign transportation of freight. Market value $1.9bn.

Watch this stockFree. We tell you when something changes.

This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to December 2025.

Cash flow or capital spending isn't reported, so free cash flow is unknown.

Should I look at this?

Worth a closer look

Why it could be worth it

What to watch out for

Nothing stood out in the numbers we check.

Read what could go wrong

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
annual report to December 2025
n/a

We could not compute this from the filings.

Price to profit
annual report to December 2025
6.2×cheap

You pay 6.2 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to December 2025
11.6%five-year median

Each dollar kept in the business earns 12 cents a year. Above 10 is good.

Quality score: 85 of 100. Price score: 83 of 100. Our list needs 70 on quality and 60 on price.

$15.10 a share, 39% above its 1-year low

Over the past year the price has ranged from $10.84 to $18.06.

Dividend: 4.4% a year

Paid every year for at least 5 years

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

n/a
n/a
n/a
n/a
n/a
20212022202320242025
Revenue
$794m$1.1bn$848m$888m$878m
Operating margin
55.6%59.5%70.1%55.1%52.0%
Debt to equity
1.481.201.000.680.73
Shares outstanding
0.12bn0.12bn0.12bn0.12bn0.12bn

Health checks

  • Free cash flow positiveNot enough data
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)7 of 8 checks we could run
  • Profit backed by cash (accruals)Yes
  • Debt0.73× equity
  • Revenue growth, five yearsStrong, 13.8% a year
  • Buying back its own sharesYes, 3% fewer since 2021

Dates

Next results (estimated)
n/a
Last annual report (10-K)
4 March 2026
Next quarterly (estimated, 10-Q)
n/a

Who owns it

2 long-term investors we follow own it, unchanged from 2 last quarter. 195 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

1 investor owns more than 5%.

  • Christos Konstantakopoulos
    Passive investor
    14.7%
    Since 30 June 2026

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 1 sold $917,916.

  • Zikos Grigorios
    Chief Financial Officer, Director
    Sold
    Date
    29 July 2026
    Shares
    59,840
    Price
    $15.34
    Value
    $917,916

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

Costamare doesn’t file a US annual report (10-K), so we haven’t checked it.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
Create a free account to run it

Your first deep dive is free.

What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.