Navios Maritime Partners L.P. - Understand $nmm stock

$NMM Market Cap: $1.451 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.329B

TTM

Gross Margin

86.27%

TTM

Net Earnings

$396.9M

TTM

Current Assets

$472.9M

Q3 2024

Current Liabilities

$418.9M

Q3 2024

Current Ratio

112.89%

Q3 2024

Total Assets

$5.549B

Q3 2024

Total Liabilities

$2.525B

Q3 2024

Book Value

$3.023B

Q3 2024

Cash

$293.1M

Q3 2024

P/E

3.655

Nov 29, 2024 EST

Free Cash Flow

-$19.40M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$1.307B	$1.211B	$713.2M	$226.8M	$219.4M	$231.4M	$211.7M	$190.5M	$223.7M	$227.4M	$198.2M	$205.4M	$187.0M	$143.2M	$92.60M	$75.10M	$50.40M	$31.80M	$9.400M	$3.700M	$3.800M
YoY Change	7.96%	69.74%	214.45%	3.37%	-5.19%	9.31%	11.13%	-14.84%	-1.63%	14.73%	-3.51%	9.84%	30.59%	54.64%	23.3%	49.01%	58.49%	238.3%	154.05%	-2.63%	-2.56%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

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	$1.307B	$1.211B	$713.2M	$226.8M	$219.4M	$231.4M	$211.7M	$190.5M	$223.7M	$227.4M	$198.2M	$205.4M	$187.0M	$143.2M	$92.60M	$75.10M	$50.40M	$31.80M	$9.400M	$3.700M	$3.800M
Cost Of Revenue	$162.9M	$179.4M	$52.64M	$19.30M	$18.40M	$16.20M	$11.30M	$12.10M	$11.20M	$16.20M	$14.90M	$13.00M	$13.50M	$12.10M	$14.30M	$12.20M	$14.00M	$7.000M	$3.600M	$3.400M	$3.400M
Gross Profit	$1.144B	$1.031B	$660.5M	$207.5M	$201.0M	$215.2M	$200.3M	$178.5M	$212.4M	$211.2M	$183.2M	$192.5M	$173.4M	$131.1M	$78.30M	$62.90M	$36.40M	$24.80M	$5.800M	$300.0K	$400.0K
Gross Profit Margin	87.53%	85.18%	92.62%	91.49%	91.61%	93.0%	94.62%	93.7%	94.95%	92.88%	92.43%	93.72%	92.73%	91.55%	84.56%	83.75%	72.22%	77.99%	61.7%	8.11%	10.53%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

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	$478.9M	$379.2M	$245.7M	$119.8M	$90.10M	$87.30M	$84.50M	$71.60M	$64.40M	$58.20M	$42.50M	$37.20M	$31.30M	$24.00M	$20.30M	$13.10M	$2.300M	$700.0K	$500.0K	$400.0K	$400.0K
YoY Change	26.3%	54.36%	105.06%	32.96%	3.21%	3.31%	18.02%	11.18%	10.65%	36.94%	14.25%	18.85%	30.42%	18.23%	54.96%	469.57%	228.57%	40.0%	25.0%	0.0%	300.0%
% of Gross Profit	41.87%	36.77%	37.19%	57.73%	44.83%	40.57%	42.19%	40.11%	30.32%	27.56%	23.2%	19.32%	18.05%	18.31%	25.93%	20.83%	6.32%	2.82%	8.62%	133.33%	100.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$217.8M	$201.8M	$112.8M	$56.10M	$53.30M	$58.30M	$72.80M	$92.40M	$75.90M	$95.80M	$77.50M	$71.60M	$64.00M	$41.20M	$15.90M	$11.90M	$9.400M	$8.300M	$900.0K	$0.00	$0.00
YoY Change	7.93%	78.89%	101.1%	5.25%	-8.58%	-19.92%	-21.21%	21.74%	-20.77%	23.61%	8.24%	11.88%	55.34%	159.12%	33.61%	26.6%	13.25%	822.22%
% of Gross Profit	19.04%	19.57%	17.08%	27.04%	26.52%	27.09%	36.35%	51.76%	35.73%	45.36%	42.3%	37.19%	36.91%	31.43%	20.31%	18.92%	25.82%	33.47%	15.52%	0.0%	0.0%
Operating Expenses	$637.6M	$519.0M	$259.4M	$175.1M	$147.3M	$149.5M	$152.5M	$153.6M	$139.2M	$107.8M	$107.4M	$86.60M	$95.70M	$65.30M	$36.20M	$25.20M	$11.80M	$8.900M	$1.600M	$400.0K	$400.0K
YoY Change	22.85%	100.09%	48.14%	18.87%	-1.47%	-1.97%	-0.72%	10.34%	29.13%	0.37%	24.02%	-9.51%	46.55%	80.39%	43.65%	113.56%	32.58%	456.25%	300.0%	0.0%	300.0%
Operating Profit	$506.3M	$512.1M	$401.1M	$32.40M	$53.70M	$65.70M	$47.80M	$24.90M	$73.20M	$103.4M	$75.80M	$105.9M	$77.70M	$65.80M	$42.10M	$37.70M	$24.60M	$15.90M	$4.200M	-$100.0K	$0.00
YoY Change	-1.13%	27.67%	1138.07%	-39.66%	-18.26%	37.45%	91.97%	-65.98%	-29.21%	36.41%	-28.42%	36.29%	18.09%	56.29%	11.67%	53.25%	54.72%	278.57%	-4300.0%	-85899345920000020.0%	-100.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

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	-$122.9M	-$82.24M	$38.94M	-$22.40M	-$79.20M	-$34.40M	-$34.10M	-$50.10M	-$31.50M	-$28.50M	-$16.90M	-$9.900M	-$8.400M	-$5.300M	-$7.800M	-$8.900M	-$5.500M	-$6.300M	-$100.0K	$0.00	$0.00
YoY Change	49.5%	-311.21%	-273.82%	-71.72%	130.23%	0.88%	-31.94%	59.05%	10.53%	68.64%	70.71%	17.86%	58.49%	-32.05%	-12.36%	61.82%	-12.7%	6200.0%
% of Operating Profit	-24.28%	-16.06%	9.71%	-69.14%	-147.49%	-52.36%	-71.34%	-201.2%	-43.03%	-27.56%	-22.3%	-9.35%	-10.81%	-8.05%	-18.53%	-23.61%	-22.36%	-39.62%	-2.38%		0.0%
Other Income/Expense, Net	$14.44M	$14.02M	$9.738M	$4.344M
YoY Change	2.98%	43.97%	124.17%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

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	$433.6M	$579.2M	$511.3M	-$68.50M	-$62.10M	-$13.10M	-$14.90M	-$52.50M	$41.80M	$74.90M	$59.00M	$95.90M	$65.30M	$60.50M	$34.30M	$28.80M	$19.00M	$6.600M	$4.100M	-$100.0K	$0.00
YoY Change	-25.14%	13.3%	-846.38%	10.31%	374.05%	-12.08%	-71.62%	-225.6%	-44.19%	26.95%	-38.48%	46.86%	7.93%	76.38%	19.1%	51.58%	187.88%	60.98%	-4200.0%		-100.0%
Income Tax											$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	-$500.0K	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income											0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-2.63%	0.0%	0.0%
Net Earnings	$425.0M	$579.2M	$516.2M	-$68.50M	-$62.10M	-$13.10M	-$15.10M	-$52.50M	$41.80M	$74.90M	$59.00M	$95.90M	$65.30M	$60.50M	$34.30M	$28.80M	$19.50M	$6.600M	$4.100M	-$100.0K	$0.00
YoY Change	-26.63%	12.22%	-853.56%	10.31%	374.05%	-13.25%	-71.24%	-225.6%	-44.19%	26.95%	-38.48%	46.86%	7.93%	76.38%	19.1%	47.69%	195.45%	60.98%	-4200.0%		-100.0%
Net Earnings / Revenue	32.52%	47.85%	72.38%	-30.2%	-28.3%	-5.66%	-7.13%	-27.56%	18.69%	32.94%	29.77%	46.69%	34.92%	42.25%	37.04%	38.35%	38.69%	20.75%	43.62%	-2.7%	0.0%
Basic Earnings Per Share
Diluted Earnings Per Share	$14.08	$18.82	$22.78M	-$6.116M	-$5.595M	-$1.213M	-$1.716M	-$9.545M	$7.600M	$14.69M	$13.41M	$319.7M	$326.5M	$605.0M	$343.0M	$288.0M	$33.88M	$186.5M	$115.7M	-$1.800M	-$620.0K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Cash & Short-Term Investments	$287.4M	$175.1M	$159.5M	$19.30M	$23.40M	$58.60M	$24.00M	$17.40M	$26.80M	$99.50M	$35.30M	$32.10M	$48.10M	$51.30M	$77.90M	$28.40M	$10.10M	$0.00
YoY Change	64.12%	9.8%	726.25%	-17.52%	-60.07%	144.17%	37.93%	-35.07%	-73.07%	181.87%	9.97%	-33.26%	-6.24%	-34.15%	174.3%	181.19%
Cash & Equivalents	$240.4M	$175.1M	$159.5M	$19.30M	$23.40M	$58.60M
Short-Term Investments	$47.00M							$0.00	$400.0K	$20.40M	$300.0K	$14.00M	$27.40M	$18.00M	$64.50M	$14.50M
Other Short-Term Assets	$24.06M	$135.3M	$16.46M	$12.60M	$17.50M	$3.800M	$6.600M	$9.100M	$7.900M	$1.600M	$1.700M	$30.20M	$9.000M	$1.500M	$14.10M	$400.0K	$800.0K	$200.0K	$2.000M
YoY Change	-82.22%	722.2%	30.63%	-28.0%	360.53%	-42.42%	-27.47%	15.19%	393.75%	-5.88%	-94.37%	235.56%	500.0%	-89.36%	3425.0%	-50.0%	300.0%	-90.0%
Inventory	$37.57M	$32.67M	$21.07M	$6.300M		$1.000M	$200.0K	$200.0K	$1.200M	$800.0K	$1.200M						$0.00	$500.0K	$100.0K
Prepaid Expenses
Receivables	$42.24M	$75.03M	$23.77M	$22.00M	$30.40M	$43.00M	$24.70M	$29.70M	$4.000M	$13.30M	$16.30M	$7.800M	$4.800M	$900.0K	$600.0K	$300.0K	$400.0K	$5.900M	$5.400M
Other Receivables	$8.507M	$12.69M	$5.568M	$600.0K	$4.700M	$4.800M	$4.800M	$0.00	$0.00	$0.00	$0.00	$0.00	$1.700M	$1.900M	$0.00	$0.00	$0.00	$400.0K	$0.00
Total Short-Term Assets	$399.7M	$310.4M	$226.3M	$60.80M	$76.00M	$111.1M	$60.30M	$56.30M	$39.80M	$115.2M	$54.50M	$70.00M	$63.60M	$55.60M	$92.60M	$29.10M	$11.30M	$7.000M	$7.500M
YoY Change	28.77%	37.15%	272.27%	-20.0%	-31.59%	84.25%	7.1%	41.46%	-65.45%	111.38%	-22.14%	10.06%	14.39%	-39.96%	218.21%	157.52%	61.43%	-6.67%
Property, Plant & Equipment	$4.006B	$3.777B	$3.097B	$1.054B	$1.077B	$1.043B	$1.099B	$1.037B	$1.230B	$1.139B	$1.026B	$721.4M	$667.2M	$612.4M	$299.7M	$291.3M	$136.0M	$143.8M	$96.30M
YoY Change	6.04%	21.97%	193.71%	-2.05%	3.18%	-5.07%	5.96%	-15.67%	7.95%	11.03%	42.25%	8.12%	8.95%	104.34%	2.88%	114.19%	-5.42%	49.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$434.1M	$218.7M	$46.34M	$26.20M	$25.70M	$66.30M	$52.10M	$1.300M	$1.300M	$500.0K	$7.800M			$0.00	$2.500M	$0.00		$0.00	$2.500M
YoY Change	98.54%	371.92%	76.85%	1.95%	-61.24%	27.26%	3907.69%	0.0%	160.0%	-93.59%				-100.0%				-100.0%
Other Assets	$208.0M	$808.0M	$118.1M	$55.90M	$34.60M	$16.50M	$19.00M	$146.3M	$22.20M	$8.800M	$42.00M	$3.000M	$2.600M	$2.800M	$1.600M	$2.500M	$3.000M	$1.500M	$1.200M
YoY Change	-74.25%	584.41%	111.18%	61.56%	109.7%	-13.16%	-87.01%	559.01%	152.27%	-79.05%	1300.0%	15.38%	-7.14%	75.0%	-36.0%	-16.67%	100.0%	25.0%
Total Long-Term Assets	$4.748B	$4.585B	$3.397B	$1.147B	$1.178B	$1.203B	$1.245B	$1.212B	$1.311B	$1.224B	$1.196B	$885.0M	$846.3M	$785.3M	$344.2M	$293.8M	$193.8M	$145.2M	$111.5M
YoY Change	3.54%	34.98%	196.29%	-2.63%	-2.12%	-3.37%	2.7%	-7.49%	7.11%	2.33%	35.1%	4.57%	7.77%	128.15%	17.15%	51.6%	33.47%	30.22%
Total Assets	$5.148B	$4.896B	$3.623B	$1.207B	$1.254B	$1.314B	$1.305B	$1.269B	$1.350B	$1.339B	$1.250B	$955.0M	$909.9M	$840.9M	$436.8M	$322.9M	$205.1M	$152.2M	$119.0M
YoY Change
Accounts Payable						$4.800M	$3.700M	$3.300M	$2.700M	$3.800M	$3.200M	$500.0K	$400.0K	$100.0K	$0.00	$100.0K	$600.0K	$700.0K	$100.0K
YoY Change						29.73%	12.12%	22.22%	-28.95%	18.75%	540.0%	25.0%	300.0%		-100.0%	-83.33%	-14.29%	600.0%
Accrued Expenses	$53.74M	$55.90M	$31.18M	$6.000M	$7.000M	$5.400M	$8.800M	$4.400M	$2.500M	$3.600M	$3.900M	$3.600M	$3.000M	$1.900M	$1.800M	$1.700M	$1.400M	$600.0K	$400.0K
YoY Change	-3.86%	79.28%	419.68%	-14.29%	29.63%	-38.64%	100.0%	76.0%	-30.56%	-7.69%	8.33%	20.0%	57.89%	5.56%	5.88%	21.43%	133.33%	50.0%
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
YoY Change
Long-Term Debt Due	$285.0M	$391.1M	$255.1M	$201.8M	$59.80M	$26.80M	$26.60M	$74.00M	$23.30M	$16.40M	$5.400M	$23.70M	$36.70M	$29.20M	$0.00	$40.00M	$0.00	$7.900M	$6.100M
YoY Change	-27.12%	53.29%	26.43%	237.46%	123.13%	0.75%	-64.05%	217.6%	42.07%	203.7%	-77.22%	-35.42%	25.68%		-100.0%		-100.0%	29.51%
Total Short-Term Liabilities	$459.6M	$226.6M	$395.5M	$253.3M	$79.80M	$52.30M	$54.20M	$99.00M	$41.50M	$30.10M	$15.60M	$60.30M	$56.70M	$45.40M	$13.40M	$46.40M	$6.600M	$11.50M	$9.400M
YoY Change	102.78%	-42.69%	56.14%	217.42%	52.58%	-3.51%	-45.25%	138.55%	37.87%	92.95%	-74.13%	6.35%	24.89%	238.81%	-71.12%	603.03%	-42.61%	22.34%
Long-Term Debt	$1.576B	$1.945B	$1.107B	$285.0M	$429.2M	$480.7M	$466.9M	$449.7M	$574.7M	$559.5M	$528.0M	$276.0M	$289.4M	$292.3M	$195.0M	$195.0M	$165.0M	$69.90M	$59.00M
YoY Change	-18.97%	75.81%	288.27%	-33.6%	-10.71%	2.96%	3.82%	-21.75%	2.72%	5.97%	91.3%	-4.63%	-0.99%	49.9%	0.0%	18.18%	136.05%	18.47%
Other Long-Term Liabilities	$341.1M	$380.6M	$351.5M	$14.20M	$16.50M	$4.400M	$16.50M	$39.70M	$1.800M	$0.00		$0.00	$4.200M	$11.70M	$20.40M	$4.700M	$6.700M	$0.00	$1.400M
YoY Change	-10.39%	8.29%	2375.33%	-13.94%	275.0%	-73.33%	-58.44%	2105.56%				-100.0%	-64.1%	-42.65%	334.04%	-29.85%		-100.0%
Total Long-Term Liabilities	$1.918B	$2.326B	$1.458B	$299.2M	$445.7M	$485.1M	$483.4M	$489.4M	$576.5M	$559.5M	$528.0M	$276.0M	$293.6M	$304.0M	$215.4M	$199.7M	$171.7M	$69.90M	$60.40M
YoY Change	-17.57%	59.53%	387.32%	-32.87%	-8.12%	0.35%	-1.23%	-15.11%	3.04%	5.97%	91.3%	-5.99%	-3.42%	41.13%	7.86%	16.31%	145.64%	15.73%
Total Liabilities	$2.377B	$2.553B	$1.854B	$552.4M	$525.5M	$537.4M	$537.6M	$588.4M	$618.1M	$589.6M	$543.6M	$336.3M	$350.3M	$349.4M	$228.8M	$246.1M	$178.3M	$81.30M	$69.90M
YoY Change	-6.88%	37.72%	235.55%	5.12%	-2.21%	-0.04%	-8.63%	-4.81%	4.83%	8.46%	61.64%	-4.0%	0.26%	52.71%	-7.03%	38.03%	119.31%	16.31%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

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
Diluted Shares Outstanding
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Market Cap: $1.4507 Billion

About Navios Maritime Partners L.P.

Navios Maritime Partners LP operates as a shipping and logistics company, which engages in owning and management of dry cargo and container vessels. The firm is engaged in the seaborne transportation services with a range of dry cargo commodities, including iron ore, coal, grain, fertilizer, and containers. The company owns and operates its worldwide fleet with a diversified customer base which focuses on providing seaborne shipping services under long-term time charters. Panamax vessels carry a range of dry cargo commodities, including iron ore, coal, grain and fertilizer and being accommodated in various discharge ports. Capesize vessels are dedicated to the carriage of iron ore and coal. Ultra-Handymax vessels works with less carrying capacity and have self-loading and discharging gear on board to accommodate undeveloped ports. The company also acts as a trusted partner for industrial end users, ship owners, financial business partners, agents and brokers.

Industry: Deep Sea Foreign Transportation of Freight Peers: Costamare Inc. ENETI INC. Navios Maritime Holdings Inc. SAFE BULKERS, INC.