Costamare (CMRE) has opened Q1 2026 earnings season with a recent run of quarterly revenue between US$211.9 million and US$446.2 million and EPS ranging from US$0.60 to US$0.83 over the last year, supported by trailing 12 month EPS of US$3.09. Over recent quarters the company has seen revenue move between US$217.9 million and US$225.7 million, while trailing 12 month revenue has tracked around US$877.9 million, giving you a clear view of how the top line and EPS have paired up through the cycle. With a trailing net margin of 42.3%, the latest results keep the focus squarely on how much of each revenue dollar is being turned into profit.
See our full analysis for Costamare.With the headline numbers on the table, the next step is to see how this earnings profile lines up with the prevailing market narratives around Costamare and where those stories may need updating.
See what the community is saying about Costamare
TTM profit margins steady in low 40% range
- Over the last twelve months, Costamare converted US$877.9 million of revenue into US$371.2 million of net income from continuing operations, which lines up with the reported 42.3% net margin and shows that a large share of each sales dollar is currently flowing through to the bottom line.
- Analysts' consensus view highlights that this strong margin profile sits alongside a long-term assumption that margins will narrow, with forecasts pointing to revenue shrinking around 5.1% per year and earnings about 17.2% per year over the next three years. As a result, investors are weighing today’s 42.3% margin against the idea of thinner profitability ahead.
Low 5.2x P/E meets falling earnings forecasts
- Costamare trades on a trailing P/E of 5.2x, below the US Shipping industry at 9.4x, the peer average at 6.6x and the broader US market at 19.4x, while analysts in the dataset still expect earnings to decline roughly 17.2% per year with revenue down about 5.1% per year over the next three years.
- Consensus narrative points out a tension where today’s low multiples and five year annualized earnings growth of 8.5% are being set against expectations for weaker future performance. This means:
- Bulls who focus on the 5.2x P/E and high reported earnings quality are effectively leaning on the recent US$3.09 in trailing EPS and 42.3% margins to argue that the current price of US$16.15 already reflects a lot of caution.
- Bears counter that if earnings do move down from US$371.2 million to a forecast US$271.0 million by around 2029, then even a higher future P/E of 11.1x and an analyst target of US$18.00 may not leave much room for disappointment.
Analysts who see this push and pull between low multiples and weaker forecasts often dig into the full bull case to understand what would need to go right for earnings to stay resilient over time. 🐂 Costamare Bull Case
DCF value trails share price at US$13.46
- The dataset shows a DCF fair value of US$13.46 per share compared with the current share price of US$16.15 and an analyst price target of US$18.00, while trailing net income from continuing operations stands at US$371.2 million on US$877.9 million of revenue.
- Bears argue that this gap between DCF fair value and market price, combined with high leverage and an unstable dividend record, gives them a clear valuation and balance sheet concern to point to. This is sharpened by:
- The DCF figure of US$13.46 sitting below the current US$16.15 quote, even though the company screens cheaply on a 5.2x trailing P/E versus industry and market averages.
- The risk summary flagging high debt and uneven dividends at the same time that analysts expect revenue to drift lower around 5.1% a year and earnings to fall roughly 17.2% a year over the coming three years.
Readers who are focused on these more cautious signals often want to see how a full bear case joins the debt profile, DCF gap and forecast earnings declines into one thesis. 🐻 Costamare Bear Case
Next Steps
To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Costamare on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves.
With bulls and bears both having clear talking points, now is the time to look through the numbers yourself and stress test each side of the story using the 2 key rewards and 3 important warning signs.
See What Else Is Out There
Costamare combines a low 5.2x P/E with a DCF value below the current share price, high leverage, forecast earnings declines and an unstable dividend profile.
If you want ideas where balance sheet strength and fundamentals are the focus rather than concerns about debt and dividend reliability, start comparing names in the solid balance sheet and fundamentals stocks screener (44 results).
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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