Castor Maritime Inc. operates as a global shipping company, offering maritime transportation services across three primary divisions: Dry Bulk, Aframax/LR2 Tanker, and ...
Castor Maritime Inc. (NASDAQ: CTRM) is a global maritime transport operator focused on moving commodity-driven cargoes across worldwide shipping routes. The company’s core business is participation in the seaborne freight markets—selling transportation services that depend on chartering arrangements and vessel utilization. Its operations are commonly described through three primary areas: ...Castor Maritime Inc. (NASDAQ: CTRM) is a global maritime transport operator focused on moving commodity-driven cargoes across worldwide shipping routes. The company’s core business is participation in the seaborne freight markets—selling transportation services that depend on chartering arrangements and vessel utilization. Its operations are commonly described through three primary areas: Dry Bulk, Aframax/LR2 Tanker, and Handysize Tanker. In practice, the company’s revenue engine is tied to global demand for shipping capacity, prevailing freight rates, and the ability to deploy vessels efficiently.
From a product and service perspective, Castor Maritime provides oceangoing transportation of both dry bulk commodities (such as iron ore, coal, and soybeans) and liquid cargoes (including crude oil and refined petroleum products) using tanker vessels. The company’s fleet-based approach means it must continuously manage vessel acquisition, operation, maintenance, and redeployment as market conditions change. As of December 31, 2021, publicly available descriptions indicate the company operated a fleet of 29 vessels, with a mix of Handysize tankers, Aframax/LR2 tankers, and dry bulk carriers—illustrating a portfolio designed to participate in multiple segments of shipping.
Cost structure in shipping is heavily influenced by time charter vs. voyage economics (depending on contract types), operating expenses (crew, repairs, insurance), and variable costs like fuel (for vessels that consume fuel while moving cargo). Capital expenditures and fleet financing also matter substantially, since operating performance is linked to vessel availability and age/efficiency of the assets. On the balance-sheet side, shipping companies often experience significant working capital effects related to charters, bunker consumption timing, and receivable/payable cycles.
Financially, shipping performance is cyclical; profitability can fluctuate with freight rates, charter coverage, bunker costs, and dry-docking/maintenance schedules. Castor Maritime has been positioned as a growth-oriented shipping platform since its founding in September 2017 in Cyprus. Leadership is associated with founder Petros Panagiotidis (served as Chairman/CEO in company materials). Investors and stakeholders typically evaluate the company on fleet scale and composition, utilization and charter profile, risk management in volatile markets, and cash generation capability that supports ongoing vessel operations and growth plans.
EPS estimate unavailable · Fiscal period ending 2026-06-30
D-33
5Y Trend (Revenue, Earnings, FCF)
Metric
Latest
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$81.8M
+23.5%
-5.8%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$19.3M
+31.8%
+233.7%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+26.5%
-10.5%
+25.4%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-0.1%
-105.0%
+76.7%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+23.6%
+6.7%
+254.2%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$9.2M
+130.3%
-30.9%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+11.2%
+124.5%
-26.6%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
12.9%
-34.1%
-17.5%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
6.44x
+63.3%
+6.9%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
