Costamare Inc. owns and operates containerships and dry bulk vessels worldwide. Its containerships are chartered to liner companies providing transportation of cargoes. The company also charters dry bulk vessels to various customers providing worldwide transportation for dry bulk cargoes. As of February 12, 2025, it had a fleet of fleet of 68 containerships and 38 dry bulk vessels. The company …
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Competitive advantage assessment
Key strengths
Margins Consistently Above PeersGross margin at 57.3% (top 9%) and operating margin at 52.0% (top 9%) indicate strong pricing power.
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.78), demonstrating pricing resilience across cycles.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Costamare Inc. ranks #2 of 34
scored companies in Marine Shipping by moat score — the top 6%.
The widest moat in the group is Euroseas Ltd. (ESEA)
at 86/100.
Moat scores for companies ranked near CMRE in Marine Shipping
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 92
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 80
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 87
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 64
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 83
· 15% of the moat score
Scale matters only when it converts into economics.
Costamare Inc. (CMRE) scores 82 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as strong. It ranks #2 of 34 scored companies in Marine Shipping, the top 6%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 33 companies in Marine Shipping. Its strongest defense is Cost Advantage (92/100) and its weakest is Resilience (64/100).
How does Costamare Inc. compare with other Marine Shipping companies?
Costamare Inc. ranks #2 of 34 scored companies in Marine Shipping by moat score. The widest moat in Marine Shipping is Euroseas Ltd. (ESEA) at 86/100. The companies ranked closest are Euroseas Ltd. (ESEA) at 86 just above it and Danaos Corporation (DAC) at 78 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 33 companies in Marine Shipping. The defenses are then weighted to produce the overall score out of 100.
Why is Costamare Inc. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Costamare Inc.?
The Corporate Default template measures 6 defenses, and CMRE scores: Pricing Power (86), Cost Advantage (92), Customer Stickiness (80), Capital Efficiency (87), Resilience (64), Scale & Market Position (83). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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