ESEA Nasdaq Deep Sea Foreign Transportation Of Freight Financials FY2016βFY2025
Euroseas Ltd. had $228M of revenue in fiscal 2025, up 7.0% on the year before. Over five years, revenue changed +33.7% a year on average.
Hi! I read Euroseas Ltd.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+7.0%
Yes. Sales grew 7.0% last year.
Does it make a profit?
60.1%
Yes. It keeps 60.1% of every sale as profit.
Is debt under control?
0.2x
Yes. It could repay its debt with 0.2 years of operating profit.
How healthy are the accounts?
7 / 8
Solid. It passes 7 of 8 health tests.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Euroseas Ltd. did it, and the next one. Share prices often move a lot on those days.
Next results
November 17, 2026
Tuesday Β· in 23 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Apr 29, 2026 | Period ended Dec 31, 2025 | During market hours | 20-F β |
| May 15, 2025 | Period ended Dec 31, 2024 | After the market closes | 20-F β |
| Apr 30, 2024 | Period ended Dec 31, 2023 | Before the market opens | 20-F β |
| Apr 28, 2023 | Period ended Dec 31, 2022 | Before the market opens | 20-F β |
| Apr 22, 2022 | Q4 '21 | After the market closes | 20-F β |
| Apr 28, 2021 | Q4 '20 | After the market closes | 20-F β |
| Apr 30, 2020 | Q4 '19 | After the market closes | 20-F β |
| Apr 25, 2019 | Period ended Dec 31, 2018 | Before the market opens | 20-F β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· Euroseas Ltd. had $228M of revenue in fiscal 2025, up 7.0% on the year before. Over five years, revenue changed +33.7% a year on average. Its operating margin was 65.6%, up 9.2Β pts: of every 100 in sales, about 66 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Euroseas Ltd. made $137M of net profit in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· Euroseas Ltd. returned $21.1M to shareholders in fiscal 2025. The diluted share count fell 0.2%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
KIRA Β· Euroseas Ltd. owes $40.4M more than it holds in cash, about 0.2 years of operating profit.
Cash, debt and the ratios that show how comfortably Euroseas Ltd. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $26.5M | $25.8M | $58.6M | $73.7M | $176M |
| Debt incl. finance leases | $118M | $107M | $130M | $205M | $217M |
| Net debt / EBITDA | 1.7x | 0.7x | 0.5x | 0.9x | 0.2x |
| Debt / equity | 1.5x | 0.6x | 0.5x | 0.6x | 0.5x |
| Interest coverage | 17.9x | 22.5x | 20.1x | 11.9x | 10.3x |
| Current ratio | 0.9x | 0.6x | 1.3x | 1.5x | 4.9x |
| Quick ratio | 0.8x | 0.6x | 1.2x | 1.4x | 4.8x |
| Total assets | $221M | $329M | $425M | $591M | $700M |
| Total liabilities | $145M | $160M | $158M | $228M | $237M |
| Shareholders' equity | $76.9M | $168M | $267M | $363M | $463M |
| Net debt (β = net cash) | $91.5M | $81.4M | $71.4M | $132M | $40.4M |
KIRA Β· Its return on capital was 23.4%: every 100 invested in the business earned about 23 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Euroseas Ltd. passes 7 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 5 / 8 | 4 / 8 | 2 / 8 | 6 / 8 | 6 / 8 | 6 / 8 | 6 / 8 | 4 / 8 | 7 / 8 |
| Accruals ratio | β23.1% | β9.7% | 0.7% | β5.1% | 1.4% | β5.8% | β2.9% | β4.1% | β3.0% | β0.6% |
| Altman Z'' | β4.82 | β4.49 | β10.85 | β6.64 | β6.97 | β0.95 | 1.83 | 3.95 | 3.91 | 5.87 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $20.5M | $23.8M | $34.4M | $40.0M | $53.3M | $93.9M | $183M | $189M | $213M | $228M |
| Operating income | β$12.7M | β$5.4M | $2.3M | $2.0M | $9.3M | $45.7M | $107M | $119M | $120M | $149M |
| Interest expense | $1.2M | $1.4M | $2.7M | $3.2M | $3.8M | $2.6M | $4.7M | $6.0M | $10.1M | $14.5M |
| Net income | β$34.1M | β$6.9M | β$0.7M | β$1.7M | $4.0M | $43.0M | $106M | $115M | $113M | $137M |
| Net income to common | β$45.9M | β$7.9M | β$1.4M | β$3.5M | $3.3M | $42.4M | $106M | $115M | β | β |
| Diluted EPS | β$5.63 | β$5.72 | β$1.02 | β$1.21 | $0.58 | $6.06 | $14.78 | $16.52 | $16.20 | $19.72 |
| Diluted shares | 0.01B | 0.00B | 0.00B | 0.00B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B |
| Cash flow | ||||||||||
| Cash from operations | β$0.8M | $8.0M | β$1.5M | $3.2M | $2.4M | $52.6M | $114M | $130M | $128M | $141M |
| Capital expenditure | $3.1M | $30.1M | $0.0M | $55.7M | $0.6M | β | β | β | β | β |
| Free cash flow | β$3.9M | β$22.1M | β$1.5M | β$52.5M | $1.8M | β | β | β | β | β |
| Depreciation and amortization | $5.0M | $3.6M | $3.3M | $4.2M | $6.6M | $7.2M | $18.5M | $22.8M | $26.4M | $28.6M |
| Stock-based compensation | $0.3M | $0.1M | $0.1M | $0.1M | $0.1M | $0.2M | $1.0M | $1.1M | $1.5M | $2.0M |
| Share buybacks | β | β | β | β | $0.0M | $0.0M | $5.0M | $3.1M | $1.1M | $2.1M |
| Dividends paid | β | β | β | β | $0.0M | $0.0M | $10.8M | $14.0M | $16.8M | $19.0M |
| Dividends and buybacks | β | β | β | β | $0.0M | $0.0M | $15.8M | $17.1M | $17.9M | $21.1M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $2.6M | $2.9M | $7.0M | $1.0M | $3.6M | $26.5M | $25.8M | $58.6M | $73.7M | $176M |
| Total debt | $52.4M | $74.4M | $37.5M | $90.2M | $66.9M | $118M | $107M | $130M | $205M | $217M |
| Current assets | $10.4M | $16.1M | $12.0M | $6.3M | $9.7M | $32.9M | $46.9M | $66.0M | $84.7M | $192M |
| Current liabilities | $11.2M | $18.5M | $11.6M | $24.9M | $28.6M | $37.1M | $73.7M | $51.2M | $57.2M | $39.4M |
| Inventory | $1.3M | $1.2M | $1.7M | $1.9M | $1.7M | $2.3M | $2.3M | $2.5M | $3.2M | $2.8M |
| Property and equipment, net | $106M | $52.1M | $48.8M | $116M | $98.5M | $176M | $217M | $268M | $443M | $466M |
| Total assets | $144M | $162M | $67.0M | $127M | $111M | $221M | $329M | $425M | $591M | $700M |
| Total liabilities | $55.8M | $80.0M | $44.4M | $98.8M | $75.2M | $145M | $160M | $158M | $228M | $237M |
| Preferred stock | $33.8M | $35.6M | $18.8M | $7.7M | $8.0M | $0.0M | $0.0M | β | β | β |
| Shareholders' equity | $54.1M | $46.7M | $3.8M | $20.5M | $27.3M | $76.9M | $168M | $267M | $363M | $463M |
| Margins | ||||||||||
| Operating margin | β61.7% | β22.8% | 6.8% | 4.9% | 17.4% | 48.7% | 58.4% | 63.1% | 56.4% | 65.6% |
| EBITDA margin | β37.5% | β7.7% | 16.4% | 15.4% | 29.8% | 56.4% | 68.5% | 75.1% | 68.8% | 78.2% |
| Net margin | β165.9% | β29.2% | β1.9% | β4.2% | 7.6% | 45.8% | 58.2% | 60.5% | 53.0% | 60.1% |
| FCF margin | β19.1% | β93.0% | β4.3% | β131.1% | 3.3% | β | β | β | β | β |
| Returns | ||||||||||
| Return on capital | β9.6% | β3.6% | 5.4% | 1.4% | 8.1% | 21.5% | 33.8% | 27.9% | 19.2% | 23.4% |
| Return on capital employed | β9.6% | β3.8% | 4.2% | 1.9% | 11.3% | 24.8% | 41.8% | 32.0% | 22.5% | 22.6% |
| Return on equity | β63.0% | β13.8% | β2.6% | β13.9% | 16.9% | 82.5% | 86.7% | 52.7% | 35.8% | 33.1% |
| Return on assets | β23.7% | β4.5% | β0.6% | β1.7% | 3.4% | 25.9% | 38.6% | 30.4% | 22.2% | 21.2% |
| Return on tangible equity | β84.9% | β16.9% | β37.8% | β16.9% | 12.2% | 55.1% | 63.2% | 43.0% | 31.1% | 29.6% |
| Growth | ||||||||||
| Revenue growth | β | 15.6% | 44.9% | 16.3% | 33.2% | 76.1% | 94.6% | 3.6% | 12.4% | 7.0% |
| Net income growth | β | β | β | β | β | 963.1% | 147.3% | 7.8% | β1.5% | 21.5% |
| EPS growth | β | β | β | β | β | 944.8% | 143.9% | 11.8% | β1.9% | 21.7% |
| Share count change | β | β83.1% | β100.0% | β | 101.1% | 21.5% | 2.8% | β3.5% | 0.4% | β0.2% |
| Financial health | ||||||||||
| Net debt / EBITDA | β | β | 5.4x | 14.5x | 4.0x | 1.7x | 0.7x | 0.5x | 0.9x | 0.2x |
| Debt / equity | 1.0x | 1.6x | 9.8x | 4.4x | 2.4x | 1.5x | 0.6x | 0.5x | 0.6x | 0.5x |
| Interest coverage | β10.3x | β3.9x | 0.9x | 0.6x | 2.4x | 17.9x | 22.5x | 20.1x | 11.9x | 10.3x |
| Current ratio | 0.9x | 0.9x | 1.0x | 0.3x | 0.3x | 0.9x | 0.6x | 1.3x | 1.5x | 4.9x |
| Quick ratio | 0.8x | 0.8x | 0.9x | 0.2x | 0.3x | 0.8x | 0.6x | 1.2x | 1.4x | 4.8x |
| Capital allocation | ||||||||||
| Capex / revenue | 15.0% | 126.5% | 0.0% | 139.2% | 1.2% | β | β | β | β | β |
| Stock comp / revenue | 1.4% | 0.5% | 0.4% | 0.2% | 0.2% | 0.2% | 0.5% | 0.6% | 0.7% | 0.9% |
| Payouts / FCF | β | β | β | β | 0.0% | β | β | β | β | β |
| Quality scores | ||||||||||
| Piotroski F-score | β | 5.0 | 4.0 | 2.0 | 6.0 | 6.0 | 6.0 | 6.0 | 4.0 | 7.0 |
| Altman Z'' | β4.8 | β4.5 | β10.8 | β6.6 | β7.0 | β0.9 | 1.8 | 3.9 | 3.9 | 5.9 |
| Accruals ratio | β23.1% | β9.7% | 0.7% | β5.1% | 1.4% | β5.8% | β2.9% | β4.1% | β3.0% | β0.6% |
Source: SEC EDGAR XBRL filings (CIK 0001341170). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
