ESEA · Euroseas Ltd. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $227.87M | $212.90M | $189.36M | $182.69M | $93.89M | $53.30M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $6.80M | $5.94M | $4.74M | $4.57M | $3.49M | $3.04M |
| Total Operating Expenses | $78.37M | $92.88M | $69.93M | $76.05M | $48.16M | $44.01M |
| D&A | $28.61M | $26.37M | $22.84M | $18.52M | $7.20M | $6.61M |
| Operating Income | $149.50M | $120.02M | $119.43M | $106.64M | $45.73M | $9.29M |
| Interest Expense | $14.52M | $10.08M | $5.96M | $4.73M | $2.56M | $3.84M |
| Income Tax | - | - | - | - | - | - |
| Net Income | $136.97M | $112.78M | $114.55M | $106.24M | $42.96M | $4.04M |
| EPS - Basic | $19.73 | $16.25 | $16.53 | $14.79 | $0.58 | - |
| EPS - Diluted | $19.72 | $16.20 | $16.52 | $14.78 | $0.58 | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $176.46M | $73.74M | $58.61M | $25.85M | $26.53M | $3.56M |
| Accounts Receivable | $10.16M | $4.55M | $2.04M | $573.0K | $1.27M | $2.01M |
| Inventory | $2.82M | $3.19M | $2.54M | $2.31M | $2.27M | $1.66M |
| Accounts Payable | - | - | $5.75M | $5.16M | $2.80M | $2.85M |
| Current Assets | $192.35M | $84.71M | $65.97M | $46.87M | $32.89M | $9.69M |
| Total Assets | $700.46M | $591.22M | $424.67M | $328.59M | $221.42M | $110.58M |
| Current Liabilities | $39.35M | $57.17M | $51.19M | $73.69M | $37.15M | $28.65M |
| Long-term Debt | $197.66M | $168.47M | $99.16M | $51.81M | $89.00M | $46.22M |
| Total Liabilities | $237.01M | $228.27M | $158.10M | $160.44M | $144.56M | $75.23M |
| Stockholders' Equity | $463.44M | $362.95M | $266.58M | $168.16M | $76.86M | $27.34M |
| Retained Earnings | $204.51M | $103.85M | $7.93M | ($92.60M) | ($187.97M) | ($230.33M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $141.13M | $128.17M | $130.01M | $114.08M | $2.41M | $2.41M |
| Investing Cash Flow | ($15.20M) | ($168.77M) | ($102.19M) | ($87.13M) | $16.32M | $16.32M |
| Financing Cash Flow | ($23.28M) | $56.96M | $5.06M | ($27.01M) | ($18.32M) | ($18.32M) |
| CapEx | - | - | - | - | - | $647.1K |
| Free Cash Flow | - | - | - | - | - | $1.76M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 65.6% | 56.4% | 63.1% | 58.4% | 48.7% | 17.4% |
| EBITDA margin | 78.2% | 68.8% | 75.1% | 68.5% | 56.4% | 29.8% |
| Net margin | 60.1% | 53.0% | 60.5% | 58.2% | 45.8% | 7.6% |
| Free cash flow margin | - | - | - | - | - | 3.3% |
| FCF / Net income | - | - | - | - | - | 0.44 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 3.0% | 2.8% | 2.5% | 2.5% | 3.7% | 5.7% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | 19.6% | 19.1% | 27.0% | 32.3% | 19.4% | 3.7% |
| Return on equity | 29.6% | 31.1% | 43.0% | 63.2% | 55.9% | 14.8% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 4.89 | 1.48 | 1.29 | 0.64 | 0.89 | 0.34 |
| Quick ratio | 4.82 | 1.43 | 1.24 | 0.60 | 0.82 | 0.28 |
| Cash ratio | 4.48 | 1.29 | 1.15 | 0.35 | 0.71 | 0.12 |
| Leverage | ||||||
| Debt / Equity | 0.43 | 0.46 | 0.37 | 0.31 | 1.16 | 1.69 |
| Debt / Assets | 0.28 | 0.28 | 0.23 | 0.16 | 0.40 | 0.42 |
| Debt / EBITDA | 1.11 | 1.15 | 0.70 | 0.41 | 1.68 | 2.91 |
| Interest coverage | 10.3x | 11.9x | 20.1x | 22.5x | 17.9x | 2.4x |
| Equity multiplier | 1.51 | 1.63 | 1.59 | 1.95 | 2.88 | 4.05 |
| Liabilities / Assets | 0.34 | 0.39 | 0.37 | 0.49 | 0.65 | 0.68 |
| Efficiency | ||||||
| Asset turnover | 0.33 | 0.36 | 0.45 | 0.56 | 0.42 | 0.48 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 16d | 8d | 4d | 1d | 5d | 14d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 2.8x | 1.8x | 1.5x | 1.0x | 34.9x | - |
| P / B | 0.8x | 0.6x | 0.7x | 0.6x | 1.8x | 0.0x |
| P / S | 1.7x | 1.0x | 0.9x | 0.6x | 1.5x | 0.0x |
| EV / EBITDA | 2.2x | 2.0x | 1.5x | 1.1x | 3.9x | 2.7x |
| Growth | ||||||
| Revenue growth (YoY) | 7.0% | 12.4% | 3.6% | 94.6% | 76.1% | 33.2% |
| Revenue CAGR (3y) | 7.6% | 31.4% | 52.6% | 65.9% | 39.7% | 23.3% |
| Revenue CAGR (5y) | 33.7% | 39.7% | 40.6% | 45.1% | 27.0% | 7.2% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 24.6% | 0.5% | 12.0% | 133.2% | 392.2% | 370.3% |
| Net income growth (YoY) | 21.5% | -1.5% | 7.8% | 147.3% | 963.1% | - |
| EPS growth (YoY) | 21.7% | -1.9% | 11.8% | 2448.3% | - | - |
| EPS CAGR (3y) | 10.1% | 203.4% | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 27.7% | 36.2% | 58.5% | 118.8% | 181.2% | 33.6% |
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.21
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Deep Sea Foreign Transportation of Freight
Comparing EUROSEAS LTD. against the 5 most active filers in the same SIC group.
Dividends
$2.80/share trailing 12 months · +40.5% YoY
| Ex-date | Per share |
|---|---|
| Mar 10, 2026 | $0.7500 |
| Dec 9, 2025 | $0.7000 |
| Sep 9, 2025 | $0.7000 |
| Jul 9, 2025 | $0.6500 |
| Mar 11, 2025 | $0.5289 |
| Dec 9, 2024 | $0.4882 |
| Sep 9, 2024 | $0.4882 |
| Jun 12, 2024 | $0.4882 |
| Mar 7, 2024 | $0.4882 |
| Dec 7, 2023 | $0.4068 |
| Sep 7, 2023 | $0.4068 |
| Jun 8, 2023 | $0.4068 |
| Mar 8, 2023 | $0.4068 |
| Dec 8, 2022 | $0.4068 |
| Sep 8, 2022 | $0.4068 |
| Jun 8, 2022 | $0.4068 |
| Aug 28, 2013 | $0.9764 |
| Jun 3, 2013 | $0.9764 |
| Feb 27, 2013 | $0.9764 |
| Nov 30, 2012 | $0.9764 |
| Aug 29, 2012 | $1.3019 |
| May 31, 2012 | $2.6037 |
| Feb 29, 2012 | $3.2547 |
| Nov 30, 2011 | $4.5565 |