Costamare Inc. — Earnings Quality Grade F
CMRE · Industrials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 5 days, change +2 days YoY
AR growth 97.5% exceeds revenue growth -1.2%
Revenue -1.2%, CFFO 1.2%. Cash follows revenue
Expense Quality
Inventory 7.3% vs COGS 10.3%. Normal
CapEx growth 180.7% is >2x revenue growth -1.2%
SG&A/Gross Profit = 4.0%, excellent (<30%)
Gross margin 57.3%, change -4.5pp. Stable
Cash Flow Quality
CFFO/NI = 1.49. Profits backed by cash
FCF $0.2B, FCF/NI = 0.66
Accruals ratio = -4.7%. Low accruals
Cash $0.6B covers only 39% of debt $1.5B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 2.5x. Healthy
Other assets -96.0% vs revenue -1.2%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -100% YoY. Normal
Manipulation Score
M-Score = -1.96 (grey zone)
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25