COSTAMARE INC. (CMRE) Return on Tangible Equity

Costamare Inc. Return Tang Equity

Return on tangible equity is the profit a company earns on the physical and financial capital its shareholders own, leaving out goodwill and other intangible assets, shown as a percentage. It is net income divided by tangible equity, which is shareholder equity minus goodwill and intangibles; the table shows both amounts. Because acquired goodwill is removed, it runs higher than ROE for companies that grew by acquisition, and it has no meaning when goodwill exceeds equity. Goodwill and intangibles are taken at the latest reported date on or before each equity date. Quarterly points divide the trailing four quarters of net income by the balance at that quarter end; annual points divide the filed fiscal-year net income by the fiscal-year-end balance.

• Costamare Inc. return tang equity for fiscal 2025 was 17.48%, a 37.30% increase from fiscal 2024.
• Costamare Inc. return tang equity for fiscal 2024 was 12.73%, a 21.39% decline from fiscal 2023.
• Costamare Inc. return tang equity for fiscal 2023 was 16.19%, a 37.07% decline from fiscal 2022.
• Costamare Inc. return tang equity for fiscal 2022 was 25.73%, a 2.05% increase from fiscal 2021.