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NAVIOS MARITIME PARTNERS LP (NMM) Stock Fundamental Analysis

USA - NYSE:NMM - MHY622674098

45.84 USD
-0.83 (-1.78%)
Last: 10/24/2025, 8:04:01 PM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to NMM. NMM was compared to 35 industry peers in the Marine Transportation industry. NMM has a medium profitability rating, but doesn't score so well on its financial health evaluation. NMM has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

NMM had positive earnings in the past year.
In the past year NMM had a positive cash flow from operations.
NMM had positive earnings in 4 of the past 5 years.
NMM had a positive operating cash flow in each of the past 5 years.
NMM Yearly Net Income VS EBIT VS OCF VS FCFNMM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M

1.2 Ratios

With a decent Return On Assets value of 5.06%, NMM is doing good in the industry, outperforming 71.43% of the companies in the same industry.
NMM's Return On Equity of 9.34% is fine compared to the rest of the industry. NMM outperforms 71.43% of its industry peers.
The Return On Invested Capital of NMM (5.92%) is better than 65.71% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NMM is significantly below the industry average of 18.84%.
Industry RankSector Rank
ROA 5.06%
ROE 9.34%
ROIC 5.92%
ROA(3y)8.73%
ROA(5y)6.92%
ROE(3y)17.05%
ROE(5y)13.9%
ROIC(3y)8.26%
ROIC(5y)7.45%
NMM Yearly ROA, ROE, ROICNMM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

With a decent Profit Margin value of 22.82%, NMM is doing good in the industry, outperforming 80.00% of the companies in the same industry.
NMM's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 31.16%, NMM is doing good in the industry, outperforming 80.00% of the companies in the same industry.
In the last couple of years the Operating Margin of NMM has grown nicely.
NMM has a Gross Margin of 90.47%. This is amongst the best in the industry. NMM outperforms 94.29% of its industry peers.
In the last couple of years the Gross Margin of NMM has remained more or less at the same level.
Industry RankSector Rank
OM 31.16%
PM (TTM) 22.82%
GM 90.47%
OM growth 3Y-15.53%
OM growth 5Y6.73%
PM growth 3Y-27.55%
PM growth 5YN/A
GM growth 3Y-2.19%
GM growth 5Y-1.11%
NMM Yearly Profit, Operating, Gross MarginsNMM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60 80

2

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NMM is destroying value.
NMM has less shares outstanding than it did 1 year ago.
NMM has more shares outstanding than it did 5 years ago.
NMM has a worse debt/assets ratio than last year.
NMM Yearly Shares OutstandingNMM Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
NMM Yearly Total Debt VS Total AssetsNMM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

NMM has a Debt/Equity ratio of 0.61. This is a neutral value indicating NMM is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.61, NMM is in line with its industry, outperforming 45.71% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF N/A
Altman-Z N/A
ROIC/WACC0.64
WACC9.21%
NMM Yearly LT Debt VS Equity VS FCFNMM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

2.3 Liquidity

NMM has a Current Ratio of 1.09. This is a normal value and indicates that NMM is financially healthy and should not expect problems in meeting its short term obligations.
NMM has a Current ratio of 1.09. This is in the lower half of the industry: NMM underperforms 65.71% of its industry peers.
A Quick Ratio of 1.09 indicates that NMM should not have too much problems paying its short term obligations.
NMM has a worse Quick ratio (1.09) than 62.86% of its industry peers.
Industry RankSector Rank
Current Ratio 1.09
Quick Ratio 1.09
NMM Yearly Current Assets VS Current LiabilitesNMM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

5

3. Growth

3.1 Past

The earnings per share for NMM have decreased strongly by -23.34% in the last year.
NMM shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 34.83% yearly.
NMM shows a decrease in Revenue. In the last year, the revenue decreased by -0.47%.
NMM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 43.48% yearly.
EPS 1Y (TTM)-23.34%
EPS 3Y-7.6%
EPS 5Y34.83%
EPS Q2Q%-29.74%
Revenue 1Y (TTM)-0.47%
Revenue growth 3Y23.21%
Revenue growth 5Y43.48%
Sales Q2Q%-13.39%

3.2 Future

The Earnings Per Share is expected to grow by 10.96% on average over the next years. This is quite good.
Based on estimates for the next years, NMM will show a small growth in Revenue. The Revenue will grow by 7.00% on average per year.
EPS Next Y-24.43%
EPS Next 2Y-2.76%
EPS Next 3Y10.96%
EPS Next 5YN/A
Revenue Next Year0.08%
Revenue Next 2Y4.89%
Revenue Next 3Y7%
Revenue Next 5YN/A

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
NMM Yearly Revenue VS EstimatesNMM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B
NMM Yearly EPS VS EstimatesNMM Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5 10 15

5

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 4.83, which indicates a rather cheap valuation of NMM.
Compared to the rest of the industry, the Price/Earnings ratio of NMM indicates a somewhat cheap valuation: NMM is cheaper than 77.14% of the companies listed in the same industry.
NMM is valuated cheaply when we compare the Price/Earnings ratio to 26.91, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 4.35, which indicates a rather cheap valuation of NMM.
Based on the Price/Forward Earnings ratio, NMM is valued a bit cheaper than 80.00% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.92, NMM is valued rather cheaply.
Industry RankSector Rank
PE 4.83
Fwd PE 4.35
NMM Price Earnings VS Forward Price EarningsNMM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, NMM is valued a bit cheaper than 62.86% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 4.64
NMM Per share dataNMM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80 100

4.3 Compensation for Growth

The decent profitability rating of NMM may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.14
EPS Next 2Y-2.76%
EPS Next 3Y10.96%

3

5. Dividend

5.1 Amount

With a yearly dividend of 0.43%, NMM is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.27, NMM has a dividend in line with its industry peers.
With a Dividend Yield of 0.43, NMM pays less dividend than the S&P500 average, which is at 2.34.
Industry RankSector Rank
Dividend Yield 0.43%

5.2 History

The dividend of NMM decreases each year by -29.94%.
NMM has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of NMM decreased recently.
Dividend Growth(5Y)-29.94%
Div Incr Years0
Div Non Decr Years1
NMM Yearly Dividends per shareNMM Yearly Dividends per shareYearly Dividends per share 2015 2018 2019 2020 2021 2022 2023 2024 2025 100 200 300

5.3 Sustainability

2.03% of the earnings are spent on dividend by NMM. This is a low number and sustainable payout ratio.
DP2.03%
EPS Next 2Y-2.76%
EPS Next 3Y10.96%
NMM Yearly Income VS Free CF VS DividendNMM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M
NMM Dividend Payout.NMM Dividend Payout, showing the Payout Ratio.NMM Dividend Payout.PayoutRetained Earnings

NAVIOS MARITIME PARTNERS LP

NYSE:NMM (10/24/2025, 8:04:01 PM)

45.84

-0.83 (-1.78%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)08-21 2025-08-21/bmo
Earnings (Next)11-06 2025-11-06/bmo
Inst Owners32.41%
Inst Owner Change0%
Ins Owners30.09%
Ins Owner ChangeN/A
Market Cap1.33B
Revenue(TTM)1.31B
Net Income(TTM)297.86M
Analysts86.67
Price Target67.83 (47.97%)
Short Float %1.37%
Short Ratio2.42
Dividend
Industry RankSector Rank
Dividend Yield 0.43%
Yearly Dividend0.2
Dividend Growth(5Y)-29.94%
DP2.03%
Div Incr Years0
Div Non Decr Years1
Ex-Date08-11 2025-08-11 (0.05)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6.69%
Min EPS beat(2)-1.22%
Max EPS beat(2)14.6%
EPS beat(4)2
Avg EPS beat(4)0.59%
Min EPS beat(4)-21.93%
Max EPS beat(4)14.6%
EPS beat(8)5
Avg EPS beat(8)10.71%
EPS beat(12)6
Avg EPS beat(12)0.69%
EPS beat(16)7
Avg EPS beat(16)1.39%
Revenue beat(2)0
Avg Revenue beat(2)-14.71%
Min Revenue beat(2)-24.2%
Max Revenue beat(2)-5.22%
Revenue beat(4)1
Avg Revenue beat(4)-5.6%
Min Revenue beat(4)-24.2%
Max Revenue beat(4)7.02%
Revenue beat(8)4
Avg Revenue beat(8)-1.73%
Revenue beat(12)7
Avg Revenue beat(12)2.27%
Revenue beat(16)8
Avg Revenue beat(16)2.09%
PT rev (1m)0%
PT rev (3m)1.53%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-37.13%
EPS NY rev (1m)-16.57%
EPS NY rev (3m)-23.32%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-12.61%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.46%
Valuation
Industry RankSector Rank
PE 4.83
Fwd PE 4.35
P/S 1.02
P/FCF N/A
P/OCF 2.48
P/B 0.42
P/tB 0.42
EV/EBITDA 4.64
EPS(TTM)9.49
EY20.7%
EPS(NY)10.53
Fwd EY22.98%
FCF(TTM)-6.69
FCFYN/A
OCF(TTM)18.52
OCFY40.4%
SpS45.11
BVpS110.27
TBVpS109.1
PEG (NY)N/A
PEG (5Y)0.14
Graham Number153.44
Profitability
Industry RankSector Rank
ROA 5.06%
ROE 9.34%
ROCE 7.49%
ROIC 5.92%
ROICexc 6.38%
ROICexgc 6.42%
OM 31.16%
PM (TTM) 22.82%
GM 90.47%
FCFM N/A
ROA(3y)8.73%
ROA(5y)6.92%
ROE(3y)17.05%
ROE(5y)13.9%
ROIC(3y)8.26%
ROIC(5y)7.45%
ROICexc(3y)8.71%
ROICexc(5y)7.84%
ROICexgc(3y)8.84%
ROICexgc(5y)7.99%
ROCE(3y)10.45%
ROCE(5y)9.44%
ROICexgc growth 3Y-11.92%
ROICexgc growth 5Y14.56%
ROICexc growth 3Y-11.19%
ROICexc growth 5Y14.42%
OM growth 3Y-15.53%
OM growth 5Y6.73%
PM growth 3Y-27.55%
PM growth 5YN/A
GM growth 3Y-2.19%
GM growth 5Y-1.11%
F-Score6
Asset Turnover0.22
Health
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF N/A
Debt/EBITDA 2.87
Cap/Depr 264.19%
Cap/Sales 55.88%
Interest Coverage 2.97
Cash Conversion 78.48%
Profit Quality N/A
Current Ratio 1.09
Quick Ratio 1.09
Altman-Z N/A
F-Score6
WACC9.21%
ROIC/WACC0.64
Cap/Depr(3y)208.63%
Cap/Depr(5y)189.47%
Cap/Sales(3y)35.28%
Cap/Sales(5y)33.64%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-23.34%
EPS 3Y-7.6%
EPS 5Y34.83%
EPS Q2Q%-29.74%
EPS Next Y-24.43%
EPS Next 2Y-2.76%
EPS Next 3Y10.96%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.47%
Revenue growth 3Y23.21%
Revenue growth 5Y43.48%
Sales Q2Q%-13.39%
Revenue Next Year0.08%
Revenue Next 2Y4.89%
Revenue Next 3Y7%
Revenue Next 5YN/A
EBIT growth 1Y-17.33%
EBIT growth 3Y4.08%
EBIT growth 5Y53.14%
EBIT Next Year44.41%
EBIT Next 3Y23.2%
EBIT Next 5YN/A
FCF growth 1Y-316.64%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-8.79%
OCF growth 3Y20.37%
OCF growth 5Y47.01%

NAVIOS MARITIME PARTNERS LP / NMM FAQ

What is the ChartMill fundamental rating of NAVIOS MARITIME PARTNERS LP (NMM) stock?

ChartMill assigns a fundamental rating of 4 / 10 to NMM.


What is the valuation status of NAVIOS MARITIME PARTNERS LP (NMM) stock?

ChartMill assigns a valuation rating of 5 / 10 to NAVIOS MARITIME PARTNERS LP (NMM). This can be considered as Fairly Valued.


What is the profitability of NMM stock?

NAVIOS MARITIME PARTNERS LP (NMM) has a profitability rating of 6 / 10.


What are the PE and PB ratios of NAVIOS MARITIME PARTNERS LP (NMM) stock?

The Price/Earnings (PE) ratio for NAVIOS MARITIME PARTNERS LP (NMM) is 4.83 and the Price/Book (PB) ratio is 0.42.


How financially healthy is NAVIOS MARITIME PARTNERS LP?

The financial health rating of NAVIOS MARITIME PARTNERS LP (NMM) is 2 / 10.