Castor Maritime Inc. (CTRM)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Castor Maritime Inc. (CTRM) trades at $2.37 with AI Score 44/100 (Grade C). Castor Maritime Inc. is a global shipping company focused on seaborne transportation of dry bulk cargo, crude oil, and refined petroleum products. Market cap: $22.92M, Sector: Industrials.
Price live · AI analysis from May 10, 2026Analyst Coverage for CTRM: CTRM does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates CTRM against Industrials peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
CTRM: the 1 perspectives are evenly split.
How is this calculated? →Castor Maritime Inc. (CTRM) Industrial Operations Profile
Castor Maritime Inc., incorporated in 2017, provides worldwide shipping services, specializing in dry bulk, Aframax/LR2 tanker, and Handysize tanker segments. The company's fleet of 29 vessels transports commodities like iron ore, coal, soybeans, crude oil, and refined petroleum products, positioning it within the competitive marine shipping industry.
What Is the Investment Thesis for CTRM?
Castor Maritime Inc. presents a speculative investment opportunity within the volatile marine shipping industry. With a P/E ratio of 0.9 and a profit margin of 23.6%, the company demonstrates current profitability, but investors may want to evaluate the cyclical nature of the shipping market. Growth catalysts include potential expansion of the fleet and strategic route optimization. Key risks involve fluctuations in freight rates, geopolitical instability impacting trade routes, and the company's relatively small market capitalization of $22.92M. The company's future performance hinges on effective fleet management and capitalizing on favorable market conditions within the shipping sector.
Based on FMP financials and quantitative analysis
CTRM Key Highlights
- Market capitalization of $22.92M indicates a small-cap company with potential for high growth but also higher volatility.
- P/E ratio of 0.9 suggests the company is potentially undervalued compared to its earnings.
- Profit margin of 23.6% demonstrates strong profitability compared to the industry average.
- Gross margin of 26.5% reflects efficient cost management in its shipping operations.
- Beta of 1.09 indicates the stock's volatility is slightly higher than the market average.
Who Are CTRM's Competitors?
CTRM is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| SHIP Seanergy Maritime Holdings Corp. | $14.23 | +5.93% | $300.38M | 50 |
| SBLK Star Bulk Carriers Corp. | $26.12 | +3.86% | 3B | 49 |
| CADLF Cadeler A/S | $6.08 | +0.00% | $2.35B | 68 |
| CDLR Cadeler A/S | $23.64 | +6.63% | $2.28B | 67 |
| HFIAF Hafnia Limited | $5.31 | +0.00% | $2.67B | 62 |
| NMM Navios Maritime Partners L.P. | $74.95 | +3.42% | $2.13B | 60 |
| DMCOF d'Amico International Shipping S.A. | $9.05 | -15.34% | $1.08B | 48 |
| GOGL Golden Ocean Group Limited | $7.98 | -2.68% | $1.59B | 48 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are CTRM's Key Strengths?
- Fleet diversification across dry bulk and tanker vessels.
- Demonstrated profitability with a strong profit margin.
- Experienced management team in the shipping industry.
- Strategic location in Cyprus provides access to key shipping routes.
What Are CTRM's Weaknesses?
- Small market capitalization makes it vulnerable to market volatility.
- Reliance on cyclical shipping rates impacts revenue stability.
- Limited number of employees indicates potential operational constraints.
- High beta suggests higher risk compared to the market.
What Could Drive CTRM Stock Higher?
- Potential acquisitions of additional vessels to expand fleet capacity.
- Implementation of route optimization technologies to reduce fuel consumption.
- Strategic partnerships with commodity traders to secure long-term contracts.
What Are the Key Risks for CTRM?
- Financial-distress signal — its Altman Z-Score of 1.36 sits in the distress zone (elevated bankruptcy risk).
- Fluctuations in freight rates impacting revenue and profitability.
- Geopolitical instability disrupting trade routes and shipping operations.
- Increasing environmental regulations requiring investments in cleaner vessels.
- Competition from larger shipping companies with greater resources.
What Are the Growth Opportunities for CTRM?
- Fleet Expansion: Castor Maritime can grow by strategically expanding its fleet through acquisitions of additional vessels. Focusing on modern, fuel-efficient ships can reduce operating costs and improve competitiveness. The global shipping market is projected to reach $200 billion by 2028, offering ample opportunities for expansion. Timeline: Ongoing.
- Route Optimization: Implementing advanced data analytics to optimize shipping routes can significantly reduce fuel consumption and transit times. This improves efficiency and profitability. The market for maritime analytics is expected to reach $5 billion by 2027. Timeline: Ongoing.
- Strategic Partnerships: Forming strategic partnerships with major commodity traders and oil companies can secure long-term contracts and provide stable revenue streams. This reduces reliance on spot market rates and enhances financial stability. Timeline: Ongoing.
- Diversification of Cargo: Expanding the range of transported cargoes beyond traditional dry bulk and crude oil can mitigate risks associated with specific commodity markets. This includes transporting specialized goods and catering to niche markets. Timeline: Ongoing.
- Geographic Expansion: Exploring new geographic markets and trade routes can unlock additional growth opportunities. Focusing on emerging economies with increasing demand for commodities and energy resources can drive revenue growth. Timeline: Ongoing.
What Opportunities Does CTRM Have?
- Expansion into new geographic markets and trade routes.
- Acquisition of additional vessels to increase fleet capacity.
- Implementation of advanced technologies to improve operational efficiency.
- Formation of strategic partnerships with major industry players.
What Threats Does CTRM Face?
- Fluctuations in freight rates due to global economic conditions.
- Geopolitical instability impacting trade routes and shipping operations.
- Increasing environmental regulations requiring investments in cleaner vessels.
- Competition from larger shipping companies with greater resources.
What Are CTRM's Competitive Advantages?
- Fleet of owned vessels provides control over operations and capacity.
- Established relationships with key customers in the commodity and energy sectors.
- Expertise in managing and operating various types of vessels.
- Strategic positioning in key shipping routes and markets.
What Does CTRM Do?
Castor Maritime Inc. was founded in 2017 and is headquartered in Limassol, Cyprus. The company operates in the global shipping industry, providing seaborne transportation services for a variety of cargoes. It operates through three segments: Dry Bulk, Aframax/LR2 Tanker, and Handysize Tanker. The Dry Bulk segment focuses on transporting commodities such as iron ore, coal, and soybeans. The Aframax/LR2 Tanker segment and Handysize Tanker segment are involved in the transportation of crude oil and refined petroleum products. As of December 31, 2021, Castor Maritime owned and operated a fleet of 29 vessels. This fleet consisted of two Handysize tanker vessels, seven Aframax/LR2 tanker vessels, and 14 dry bulk vessels. The company's services cater to customers worldwide, facilitating the movement of essential commodities and energy resources. Castor Maritime aims to capitalize on the cyclical nature of the shipping industry, adjusting its fleet composition and operational strategies to maximize profitability. The company continually evaluates market conditions and seeks opportunities for strategic acquisitions and operational efficiencies.
What Products and Services Does CTRM Offer?
- Provides seaborne transportation services for dry bulk cargo.
- Transports commodities such as iron ore, coal, and soybeans.
- Offers transportation services for crude oil.
- Transports refined petroleum products.
- Operates a fleet of dry bulk vessels.
- Operates a fleet of Aframax/LR2 tanker vessels.
- Operates a fleet of Handysize tanker vessels.
How Does CTRM Make Money?
- Generates revenue through chartering its vessels to transport cargo.
- Operates in three segments: Dry Bulk, Aframax/LR2 Tanker, and Handysize Tanker.
- Manages a fleet of owned and operated vessels.
- Focuses on spot market and time charter agreements.
What Industry Does CTRM Operate In?
Castor Maritime Inc. operates in the marine shipping industry, a sector characterized by cyclical demand and fluctuating freight rates. The industry is influenced by global trade, economic growth, and geopolitical events. Competition is intense, with major players including large shipping conglomerates and smaller independent operators. Market trends include increasing demand for efficient and environmentally friendly vessels, as well as the adoption of digital technologies to optimize operations. Castor Maritime's position as a smaller player requires strategic fleet management and a focus on niche markets to maintain profitability.
Who Are CTRM's Key Customers?
- Commodity traders
- Oil companies
- Refineries
- Industrial companies requiring transport of raw materials
F-Score 6/9Financial Health
Castor Maritime Inc.'s Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 1.36 places it in the distress zone, a signal of elevated financial risk.
ROE 14%Key Financial Metrics
Return on equity for Castor Maritime Inc. stands at 14.2%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 9.6%, showing how much profit it generates from its asset base. CTRM trades at a trailing price-to-earnings ratio of 0.93, below the Industrials sector average of ~30x. Its free cash flow yield is 96.6%, a gauge of the cash the business throws off relative to its market value. A current ratio of 6.88 indicates the company holds enough short-term assets to cover its near-term obligations.
Castor Maritime Inc. (CTRM) Valuation Context
Valued at $22.92M, CTRM is classified as a micro-cap stock. Relative to its peer group, CTRM's quantitative score of 44/100 is below the peer average of 59/100.
CTRM Revenue & Earnings Trend
In Q1 2026, CTRM generated $21.3M in top-line revenue, marking a sequential decrease of 5.8%. The company recorded net income of $47.0M, with diluted EPS of $0.83. Quarter-over-quarter revenue has been mixed, typical for a micro-cap company operating in Industrials. Across the four most recent quarters, CTRM averaged $0.32 in diluted EPS.
Company Profile
Castor Maritime Inc. operates in the Marine Shipping industry within the Industrials sector. It is headquartered in Limassol, CY. The company is led by CEO Petros Panagiotidis. CTRM has traded publicly since 2019.
CTRM Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Insiders seem to be holding steady, suggesting they believe in the long-term value.
- The community is buzzing about potential new contracts, creating positive momentum.
- Market perception sees them as an underdog in a growing sector, which could lead to outsized gains if they execute well.
- There's a feeling that they're undervalued compared to peers, making them an attractive acquisition target.
Bear Case
- Community sentiment is wary of past dilutions, creating a trust deficit.
- Market perception considers them a high-risk play due to their size and volatility.
- Recent insider activity shows no significant buying, indicating a lack of strong conviction from within.
- The community expresses concerns about their ability to compete with larger, more established players.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · April 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $21M | $47M | $0.83 |
| Q4 2025 | $23M | $14M | $0.20 |
| Q3 2025 | $21M | $19M | $0.20 |
| Q2 2025 | $18M | $5M | $0.06 |
Based on FMP financials and quantitative analysis
CTRM Latest News
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Castor Maritime Takes Delivery of Two Bulk Carrier Ships
MT Newswires · Jun 30, 2026
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Castor Maritime Agrees To Acquire 2024-Built Modern-Eco Kamsarmax Bulk Carrier Vessel, M/V Magic Saturn, From Unaffiliated Third Party For $41.9M
benzinga · Jun 30, 2026
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Castor Maritime Inc. Announces Vessel Acquisition and the Delivery of M/V Magic Jupiter
globenewswire.com · Jun 30, 2026
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Castor Maritime Inks $37.5M Agreement To Acquire Kamsarmax Bulk Carrier Vessel
benzinga · Jun 22, 2026
CTRM Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for CTRM.
Price Targets
Wall Street price target analysis for CTRM.
CTRM MoonshotScore
What does this score mean?
The MoonshotScore rates CTRM's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Classification
Industry Marine ShippingLatest News
Castor Maritime Takes Delivery of Two Bulk Carrier Ships
Castor Maritime Agrees To Acquire 2024-Built Modern-Eco Kamsarmax Bulk Carrier Vessel, M/V Magic Saturn, From Unaffiliated Third Party For $41.9M
Castor Maritime Inc. Announces Vessel Acquisition and the Delivery of M/V Magic Jupiter
Castor Maritime Inks $37.5M Agreement To Acquire Kamsarmax Bulk Carrier Vessel
Leadership: Petros Panagiotidis
CEO
Petros Panagiotidis serves as the Chief Executive Officer of Castor Maritime Inc. His background includes extensive experience in the shipping industry, with a focus on vessel management, chartering, and strategic planning. He has held various leadership positions within the maritime sector, demonstrating a deep understanding of market dynamics and operational efficiencies. His expertise spans across dry bulk and tanker vessel operations.
Track Record: Under Petros Panagiotidis's leadership, Castor Maritime Inc. has expanded its fleet and navigated the volatile shipping market. Key achievements include strategic vessel acquisitions and maintaining profitability despite industry challenges. His focus on operational efficiency and strategic partnerships has contributed to the company's growth and market positioning.
CTRM Industrials Stock FAQ
What does Castor Maritime Inc. do?
Castor Maritime Inc. is a global shipping company that provides seaborne transportation services for dry bulk cargo, crude oil, and refined petroleum products. The company operates through three segments: Dry Bulk, Aframax/LR2 Tanker, and Handysize Tanker. As of December 31, 2021, Castor Maritime operated a fleet of 29 vessels. The company generates revenue by chartering its vessels to transport these various commodities across global trade routes, catering to commodity traders, oil companies, and industrial clients.
What do analysts say about CTRM stock?
Analyst coverage of Castor Maritime Inc. (CTRM) is limited, reflecting its small-cap status and the inherent volatility of the marine shipping industry. Key valuation metrics to consider include the price-to-earnings (P/E) ratio and price-to-book (P/B) ratio, which can indicate whether the stock is undervalued or overvalued relative to its earnings and assets. Growth considerations involve the company's ability to expand its fleet, optimize its routes, and secure long-term contracts in a competitive market. Investors should conduct thorough research and consider their own risk tolerance before investing.
What are the main risks for CTRM?
Castor Maritime Inc. faces several key risks inherent to the marine shipping industry. Fluctuations in freight rates, driven by global economic conditions and supply-demand imbalances, can significantly impact revenue and profitability. Geopolitical instability and trade disputes can disrupt shipping routes and reduce cargo volumes. Increasing environmental regulations require investments in cleaner vessels and compliance measures, adding to operating costs. Competition from larger shipping companies with greater resources poses a constant threat to market share and profitability.
What are the key factors to evaluate for CTRM?
Castor Maritime Inc. (CTRM) holds an AI score of 44/100 (low). P/E: 0.9x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does CTRM data refresh on this page?
CTRM prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven CTRM's recent stock price performance?
Castor Maritime Inc. (CTRM) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Fleet diversification across dry bulk and tanker vessels. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider CTRM overvalued or undervalued right now?
Castor Maritime Inc. (CTRM) trades at 0.9x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying CTRM?
Before investing in Castor Maritime Inc. (CTRM), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information based on data available as of December 31, 2021. Current market conditions may differ.
- Limited analyst coverage impacts the availability of consensus estimates.