Financial Snapshot

Revenue
$208.6M
TTM
Gross Margin
93.8%
TTM
Net Earnings
$113.1M
TTM
Current Assets
$87.44M
Q3 2024
Current Liabilities
$52.96M
Q3 2024
Current Ratio
165.11%
Q3 2024
Total Assets
$580.9M
Q3 2024
Total Liabilities
$237.5M
Q3 2024
Book Value
$343.4M
Q3 2024
Cash
$77.34M
Q3 2024
P/E
2.423
Nov 29, 2024 EST
Free Cash Flow
-$44.44M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Revenue $189.4M $182.7M $93.89M $53.30M $40.00M $34.40M $23.80M $20.50M $37.70M $40.60M $39.20M $52.50M $61.40M $52.50M $63.80M $126.3M $82.10M $40.30M $42.10M $43.50M $25.00M
YoY Change 3.65% 94.58% 76.16% 33.25% 16.28% 44.54% 16.1% -45.62% -7.14% 3.57% -25.33% -14.5% 16.95% -17.71% -49.49% 53.84% 103.72% -4.28% -3.22% 74.0% 67.79%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Revenue $189.4M $182.7M $93.89M $53.30M $40.00M $34.40M $23.80M $20.50M $37.70M $40.60M $39.20M $52.50M $61.40M $52.50M $63.80M $126.3M $82.10M $40.30M $42.10M $43.50M $25.00M
Cost Of Revenue $4.658M $11.98M $4.095M $500.0K $2.700M $4.000M $2.100M $3.400M $1.900M $2.000M $3.800M $2.900M $3.900M $8.100M $3.400M $9.200M $6.700M $1.200M $700.0K $400.0K $400.0K
Gross Profit $184.7M $170.7M $89.80M $52.80M $37.30M $30.40M $21.60M $17.10M $35.80M $38.70M $35.30M $49.50M $57.50M $44.30M $60.40M $117.1M $75.40M $39.20M $41.50M $43.10M $24.60M
Gross Profit Margin 97.54% 93.44% 95.64% 99.06% 93.25% 88.37% 90.76% 83.41% 94.96% 95.32% 90.05% 94.29% 93.65% 84.38% 94.67% 92.72% 91.84% 97.27% 98.57% 99.08% 98.4%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Selling, General & Admin $10.47M $9.491M $28.12M $30.70M $22.40M $6.100M $5.100M $5.100M $25.10M $25.80M $25.20M $25.60M $26.30M $23.20M $8.700M $9.400M $6.300M $10.40M $8.700M $8.500M $8.300M
YoY Change 10.27% -66.25% -8.39% 37.05% 267.21% 19.61% 0.0% -79.68% -2.71% 2.38% -1.56% -2.66% 13.36% 166.67% -7.45% 49.21% -39.42% 19.54% 2.35% 2.41% 453.33%
% of Gross Profit 5.67% 5.56% 31.32% 58.14% 60.05% 20.07% 23.61% 29.82% 70.11% 66.67% 71.39% 51.72% 45.74% 52.37% 14.4% 8.03% 8.36% 26.53% 20.96% 19.72% 33.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.84M $18.52M $7.203M $6.610M $4.180M $3.310M $3.590M $4.960M $11.00M $12.14M $19.98M $17.39M $18.35M $17.98M $19.09M $28.28M $16.42M $6.280M $2.660M $2.530M $4.160M
YoY Change 23.29% 157.14% 8.97% 58.13% 26.28% -7.8% -27.62% -54.91% -9.39% -39.24% 14.89% -5.23% 2.06% -5.81% -32.5% 72.23% 161.46% 136.09% 5.14% -39.18% 1.46%
% of Gross Profit 12.36% 10.85% 8.02% 12.52% 11.21% 10.89% 16.62% 29.01% 30.73% 31.37% 56.6% 35.13% 31.91% 40.59% 31.61% 24.15% 21.78% 16.02% 6.41% 5.87% 16.91%
Operating Expenses $72.58M $64.07M $44.05M $45.80M $35.40M $29.40M $23.30M $23.90M $46.00M $49.80M $55.20M $51.20M $53.40M $47.50M $51.40M $65.30M $39.90M $20.90M $15.10M $14.30M $15.30M
YoY Change 13.28% 45.43% -3.81% 29.38% 20.41% 26.18% -2.51% -48.04% -7.63% -9.78% 7.81% -4.12% 12.42% -7.59% -21.29% 63.66% 90.91% 38.41% 5.59% -6.54% 20.47%
Operating Profit $112.1M $106.6M $45.74M $7.000M $1.900M $1.000M -$1.700M -$6.800M -$10.20M -$11.10M -$19.90M -$1.700M $4.100M -$3.200M $9.000M $51.80M $35.50M $18.30M $26.40M $28.80M $9.300M
YoY Change 5.14% 133.13% 553.46% 268.42% 90.0% -158.82% -75.0% -33.33% -8.11% -44.22% 1070.59% -141.46% -228.12% -135.56% -82.63% 45.92% 93.99% -30.68% -8.33% 209.68% 481.25%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Interest Expense -$4.882M -$395.3K -$2.769M -$4.800M -$3.300M -$3.000M -$1.500M -$2.900M -$2.600M -$3.300M -$3.500M -$3.300M -$3.500M -$5.700M -$300.0K $200.0K -$2.500M -$2.500M -$1.000M -$500.0K -$900.0K
YoY Change 1134.95% -85.72% -42.31% 45.45% 10.0% 100.0% -48.28% 11.54% -21.21% -5.71% 6.06% -5.71% -38.6% 1800.0% -250.0% -108.0% 0.0% 150.0% 100.0% -44.44% 12.5%
% of Operating Profit -4.35% -0.37% -6.05% -68.57% -173.68% -300.0% -85.37% -3.33% 0.39% -7.04% -13.66% -3.79% -1.74% -9.68%
Other Income/Expense, Net -$4.882M -$395.3K -$2.769M -$5.251M -$15.30M -$5.500M
YoY Change 1134.95% -85.72% -47.27% 178.18%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Pretax Income $114.5M $106.2M $42.96M $4.000M -$1.700M -$700.0K -$6.900M -$34.10M -$14.00M -$17.90M -$103.4M -$13.20M $1.100M -$6.600M -$15.60M $21.50M $36.50M $20.10M $25.20M $30.60M $8.400M
YoY Change 7.82% 147.29% 974.09% -335.29% 142.86% -89.86% -79.77% 143.57% -21.79% -82.69% 683.33% -1300.0% -116.67% -57.69% -172.56% -41.1% 81.59% -20.24% -17.65% 264.29% 833.33%
Income Tax $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Net Earnings $114.5M $106.2M $42.96M $4.000M -$1.700M -$100.0K -$6.100M -$44.20M -$14.00M -$17.90M -$103.4M -$13.20M $1.100M -$6.600M -$15.60M $21.50M $36.50M $20.10M $25.20M $30.60M $8.400M
YoY Change 7.82% 147.29% 974.09% -335.29% 1600.0% -98.36% -86.2% 215.71% -21.79% -82.69% 683.33% -1300.0% -116.67% -57.69% -172.56% -41.1% 81.59% -20.24% -17.65% 264.29% 833.33%
Net Earnings / Revenue 60.49% 58.15% 45.76% 7.5% -4.25% -0.29% -25.63% -215.61% -37.14% -44.09% -263.78% -25.14% 1.79% -12.57% -24.45% 17.02% 44.46% 49.88% 59.86% 70.34% 33.6%
Basic Earnings Per Share $16.53 $14.79 $6.07 $0.58
Diluted Earnings Per Share $16.52 $14.78 $6.143M $689.7K -$586.2K -$71.43K -$4.357M -$44.20M -$17.50M -$25.57M -$172.3M -$26.40M $2.750M -$16.50M -$39.00M $53.75M $121.7M $100.5M $252.0M $153.0M $42.00M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Cash & Short-Term Investments $58.61M $25.85M $26.53M $3.600M $1.000M $7.000M $2.900M $3.200M $8.700M $25.40M $11.40M $33.40M $31.20M $34.50M $41.40M $74.60M $107.0M $2.800M $20.40M $15.50M
YoY Change 126.78% -2.58% 636.97% 260.0% -85.71% 141.38% -9.38% -63.22% -65.75% 122.81% -65.87% 7.05% -9.57% -16.67% -44.5% -30.28% 3721.43% -86.27% 31.61%
Cash & Equivalents $58.61M $25.85M $26.53M $3.600M $1.000M $7.000M $2.900M $3.200M $8.700M $25.40M $11.40M $33.40M $31.20M $34.30M $41.00M $73.90M $104.1M $2.800M $20.40M $15.50M
Short-Term Investments $0.00 $0.00 $300.0K $400.0K $800.0K $2.900M $0.00
Other Short-Term Assets $505.8K $12.60M $1.091M $500.0K $1.100M $300.0K $10.10M $3.700M $8.800M $600.0K $800.0K $1.200M $1.200M $1.900M $13.80M $8.500M $2.100M $3.100M $1.200M $300.0K
YoY Change -95.98% 1054.71% 118.15% -54.55% 266.67% -97.03% 172.97% -57.95% 1366.67% -25.0% -33.33% 0.0% -36.84% -86.23% 62.35% 304.76% -32.26% 158.33% 300.0%
Inventory $2.538M $2.306M $2.274M $1.700M $1.900M $1.700M $1.200M $1.300M $1.500M $1.800M $1.500M $1.800M $2.600M $1.800M $1.900M $2.000M $1.900M $700.0K $400.0K $300.0K
Prepaid Expenses
Receivables $2.038M $605.1K $1.275M $2.000M $700.0K $1.000M $900.0K $1.400M $1.400M $2.200M $1.900M $6.400M $1.600M $1.600M $1.700M $5.900M $6.500M $2.600M $3.000M $0.00
Other Receivables $2.276M $5.515M $1.723M $1.900M $1.600M $2.000M $1.000M $900.0K $1.200M $800.0K $1.400M $2.300M $2.300M $6.700M $200.0K $1.500M $700.0K $700.0K $400.0K $400.0K
Total Short-Term Assets $65.97M $46.87M $32.89M $9.700M $6.300M $12.00M $16.10M $10.40M $21.60M $30.80M $17.00M $45.10M $38.90M $46.40M $58.90M $92.50M $118.3M $10.00M $25.40M $16.50M
YoY Change 40.76% 42.48% 239.11% 53.97% -47.5% -25.47% 54.81% -51.85% -29.87% 81.18% -62.31% 15.94% -16.16% -21.22% -36.32% -21.81% 1083.0% -60.63% 53.94%
Property, Plant & Equipment $267.6M $216.6M $176.1M $98.50M $116.2M $48.80M $52.10M $105.6M $89.00M $111.2M $105.5M $206.9M $237.1M $255.4M $257.3M $232.0M $238.2M $95.50M $52.30M $34.20M
YoY Change 23.57% 22.97% 78.79% -15.23% 138.11% -6.33% -50.66% 18.65% -19.96% 5.4% -49.01% -12.74% -7.17% -0.74% 10.91% -2.6% 149.42% 82.6% 52.92%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.000M $23.90M $24.90M $26.40M $17.00M $14.50M $14.50M $0.00 $1.800M $0.00
YoY Change -83.26% -4.02% -5.68% 55.29% 17.24% 0.0% -100.0%
Other Assets $91.08M $65.15M $12.42M $2.400M $4.300M $6.100M $94.10M $23.70M $38.00M $23.70M $7.800M $9.300M $5.700M $5.400M $7.200M $6.900M $14.60M $12.00M $1.900M $2.200M
YoY Change 39.79% 424.75% 417.33% -44.19% -29.51% -93.52% 297.05% -37.63% 60.34% 203.85% -16.13% 63.16% 5.56% -25.0% 4.35% -52.74% 21.67% 531.58% -13.64%
Total Long-Term Assets $358.7M $281.7M $188.5M $100.9M $120.6M $55.00M $146.2M $133.3M $150.8M $159.8M $139.6M $233.2M $257.2M $275.3M $264.5M $240.7M $252.9M $107.5M $54.10M $36.30M
YoY Change 27.32% 49.43% 86.85% -16.33% 119.27% -62.38% 9.68% -11.6% -5.63% 14.47% -40.14% -9.33% -6.57% 4.08% 9.89% -4.82% 135.26% 98.71% 49.04%
Total Assets $424.7M $328.6M $221.4M $110.6M $126.9M $67.00M $162.3M $143.7M $172.4M $190.6M $156.6M $278.3M $296.1M $321.7M $323.4M $333.2M $371.2M $117.5M $79.50M $52.80M
YoY Change
Accounts Payable $5.747M $5.160M $2.804M $2.900M $3.900M $2.300M $1.500M $3.900M $1.400M $2.400M $2.300M $2.400M $1.900M $4.000M $1.800M $2.300M $3.800M $1.000M $800.0K $5.500M
YoY Change 11.36% 84.01% -3.3% -25.64% 69.57% 53.33% -61.54% 178.57% -41.67% 4.35% -4.17% 26.32% -52.5% 122.22% -21.74% -39.47% 280.0% 25.0% -85.45%
Accrued Expenses $1.866M $1.756M $1.703M $1.300M $1.700M $1.300M $1.100M $1.300M $1.200M $1.100M $1.000M $1.100M $1.700M $2.200M $1.100M $1.200M $2.000M $1.200M $1.800M $300.0K
YoY Change 6.22% 3.14% 30.99% -23.53% 30.77% 18.18% -15.38% 8.33% 9.09% 10.0% -9.09% -35.29% -22.73% 100.0% -8.33% -40.0% 66.67% -33.33% 500.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $30.84M $55.42M $29.03M $23.10M $17.30M $4.900M $4.200M $5.500M $14.80M $19.50M $12.90M $15.90M $13.30M $13.50M $14.00M $12.50M $25.60M $18.00M $14.40M $6.000M
YoY Change -44.35% 90.88% 25.69% 33.53% 253.06% 16.67% -23.64% -62.84% -24.1% 51.16% -18.87% 19.55% -1.48% -3.57% 12.0% -51.17% 42.22% 25.0% 140.0%
Total Short-Term Liabilities $51.19M $73.69M $37.15M $28.60M $24.90M $11.60M $18.50M $11.20M $19.40M $25.20M $18.80M $22.40M $21.10M $25.20M $30.40M $21.40M $35.20M $21.70M $18.40M $13.80M
YoY Change -30.54% 98.38% 29.88% 14.86% 114.66% -37.3% 65.18% -42.27% -23.02% 34.04% -16.07% 6.16% -16.27% -17.11% 42.06% -39.2% 62.21% 17.93% 33.33%
Long-Term Debt $99.16M $51.81M $89.00M $46.20M $72.20M $31.70M $29.80M $44.40M $25.70M $34.70M $32.80M $45.60M $61.60M $74.90M $57.50M $43.60M $56.00M $56.90M $34.10M $8.000M
YoY Change 91.39% -41.79% 92.65% -36.01% 127.76% 6.38% -32.88% 72.76% -25.94% 5.79% -28.07% -25.97% -17.76% 30.26% 31.88% -22.14% -1.58% 66.86% 326.25%
Other Long-Term Liabilities $7.748M $34.93M $18.41M $400.0K $1.700M $1.100M $31.70M $200.0K $200.0K $0.00 $300.0K $700.0K $1.500M $2.900M $4.000M $11.40M $8.200M $900.0K $0.00
YoY Change -77.82% 89.71% 4503.56% -76.47% 54.55% -96.53% 15750.0% 0.0% -100.0% -57.14% -53.33% -48.28% -27.5% -64.91% 39.02% 811.11%
Total Long-Term Liabilities $106.9M $86.75M $107.4M $46.60M $73.90M $32.80M $61.50M $44.60M $25.90M $34.70M $33.10M $46.30M $63.10M $77.80M $61.50M $55.00M $64.20M $57.80M $34.10M $8.000M
YoY Change 23.25% -19.25% 130.51% -36.94% 125.3% -46.67% 37.89% 72.2% -25.36% 4.83% -28.51% -26.62% -18.89% 26.5% 11.82% -14.33% 11.07% 69.5% 326.25%
Total Liabilities $158.1M $160.4M $144.6M $75.20M $98.80M $44.40M $80.00M $55.80M $45.30M $59.90M $51.90M $68.70M $84.20M $103.0M $92.00M $76.40M $99.40M $79.50M $52.50M $21.70M
YoY Change -1.46% 10.98% 92.24% -23.89% 122.52% -44.5% 43.37% 23.18% -24.37% 15.41% -24.45% -18.41% -18.25% 11.96% 20.42% -23.14% 25.03% 51.43% 141.94%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Basic Shares Outstanding 6.931M 7.182M 6.977M 5.754M
Diluted Shares Outstanding 6.936M 7.190M 6.993M 5.754M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $274.02 Million

About EUROSEAS LTD.

Euroseas Ltd. is a holding company, which engages in the provision of ocean-going transportation services. The company is headquartered in Athina, Attiki. The company went IPO on 2006-03-28. The firm is an owner and operator of drybulk and container carrier vessels and is a provider of seaborne transportation for drybulk and containerized cargoes. Eurobulk Ltd. manages the Company's operations. The firm also owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, such as bauxite, phosphate and fertilizers. The firm has a fleet of 12 vessels, including Kamsarmax drybulk carrier, Panamax drybulk carriers and Handymax drybulk carrier, Intermediate containerships, Handysize containerships, and Feeder containerships. The Company’s five drybulk carriers have a total cargo capacity of 351,272 deadweight tons (dwt), and its seven containerships have a cargo capacity of 11,828 twenty-foot equivalent units (teu).

Industry: Deep Sea Foreign Transportation of Freight Peers: Capital Clean Energy Carriers Corp. Danaos Corp DIANA SHIPPING INC. EuroDry Ltd. GLOBUS MARITIME LTD Pyxis Tankers Inc. Seanergy Maritime Holdings Corp. Star Bulk Carriers Corp.