CTRM Castor Maritime Inc.

Overview and Growth

Castor Maritime Inc. generated $81.81M of revenue in fiscal 2025, with net income of $19.27M and an operating cash inflow of $10.05M. At $81.81M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line expanded 23.5% from $66.24M in fiscal 2024, increasing the company’s operating scale. The company reported diluted EPS of $0.36, adding a shareholder-level measure to the absolute income figures considered below. Diluted EPS decreased by 5.3% from $0.38 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. At period end, total assets were $797.36M, framing the scale of the company’s operating and financing commitments. Asset turnover was 0.1x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $59.70M as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 73.0% of revenue, quantifying the portion retained before operating expenses were recognized. The company recorded an operating loss of $18.42M after the reported operating expense base. Relative to revenue, the operating deficit measured 22.5%, showing the shortfall after operating costs. After all reported below-operating-line items, the company recorded net income of $19.27M for the fiscal year. The final earnings result represented 23.6% of revenue, connecting the absolute net income figure with the company’s top-line scale. Before income taxes, the company reported $22.41M of earnings, providing a bridge between the operating result and final net income. Measured against revenue, pretax income equaled 27.4%, adding a pre-tax profitability layer between revenue and net income. The company recognized $323.10K of income tax for the period, completing the transition from pretax income to net income. The income-tax provision equaled 1.4% of pretax income, showing the tax burden absorbed by the year’s earnings. Net income equaled 3.3% of period-end equity, showing the earnings generated on shareholders’ book capital. Net income represented 2.4% of period-end assets, placing the company’s bottom-line result against the total resource base employed. Against $14.62M in fiscal 2024, the current $19.27M bottom line finished above the prior-year result in absolute terms.

Liquidity and Capital Structure

The company held $797.36M of assets against $128.40M of liabilities and $588.24M of equity, revealing how the asset base was financed. The near-term balance sheet paired $221.41M of current assets with $34.41M of current liabilities at the reporting date. At 6.44x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $151.78M in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 441.1% of current liabilities, showing how much near-term coverage came from cash alone. The equity-to-assets relationship was 73.8%, placing book capital against the total resource base. Relative to total assets, liabilities measured 16.1%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 19.0% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 0.0% lower than fiscal 2024 assets of $797.38M, measuring the company’s own balance-sheet change. Book equity was 7.4% higher than fiscal 2024 equity of $547.76M, showing how shareholder capital changed year over year. The reported cash balance changed 72.7% from $87.90M in fiscal 2024, ending higher year over year.

Cash Flow and Earnings Quality

Cash flow from operations was $10.05M, a reported cash inflow that can be compared directly with net income and capital spending. Operating cash flow equaled 0.52x of net income, showing how strongly accounting earnings converted into cash from operations.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.