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NAVIOS MARITIME PARTNERS LP (NMM) Stock Fundamental Analysis

USA - NYSE:NMM - MHY622674098

45.47 USD
+1.07 (+2.41%)
Last: 10/17/2025, 8:04:01 PM
45.47 USD
0 (0%)
After Hours: 10/17/2025, 8:04:01 PM
Fundamental Rating

4

Overall NMM gets a fundamental rating of 4 out of 10. We evaluated NMM against 35 industry peers in the Marine Transportation industry. While NMM is still in line with the averages on profitability rating, there are concerns on its financial health. NMM is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

In the past year NMM was profitable.
In the past year NMM had a positive cash flow from operations.
Of the past 5 years NMM 4 years were profitable.
Each year in the past 5 years NMM had a positive operating cash flow.
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 has a Return On Equity of 9.34%. This is in the better half of the industry: NMM outperforms 71.43% of its industry peers.
NMM has a Return On Invested Capital of 5.92%. This is in the better half of the industry: NMM outperforms 65.71% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NMM is significantly below the industry average of 18.85%.
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

The Profit Margin of NMM (22.82%) is better than 80.00% of its industry peers.
NMM's Profit Margin has declined in the last couple of years.
NMM's Operating Margin of 31.16% is fine compared to the rest of the industry. NMM outperforms 80.00% of its industry peers.
In the last couple of years the Operating Margin of NMM has grown nicely.
With an excellent Gross Margin value of 90.47%, NMM belongs to the best of the industry, outperforming 94.29% of the companies in the same industry.
NMM's Gross Margin has been stable in the last couple of years.
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

NMM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for NMM has been reduced compared to 1 year ago.
Compared to 5 years ago, NMM has more shares outstanding
The debt/assets ratio for NMM is higher compared to a year ago.
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.
NMM's Debt to Equity ratio of 0.61 is in line compared to the rest of the industry. NMM outperforms 45.71% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF N/A
Altman-Z N/A
ROIC/WACC0.64
WACC9.18%
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

A Current Ratio of 1.09 indicates that NMM should not have too much problems paying its short term obligations.
With a Current ratio value of 1.09, NMM is not doing good in the industry: 65.71% of the companies in the same industry are doing better.
NMM has a Quick 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 Quick ratio of 1.09. This is in the lower half of the industry: NMM underperforms 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

NMM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -23.34%.
The Earnings Per Share has been growing by 34.83% on average over the past years. This is a very strong growth
The Revenue has decreased by -0.47% in the past year.
Measured over the past years, NMM shows a very strong growth in Revenue. The Revenue has been growing by 43.48% on average per year.
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

Based on estimates for the next years, NMM will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.96% on average per year.
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

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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

With a Price/Earnings ratio of 4.79, the valuation of NMM can be described as very cheap.
Based on the Price/Earnings ratio, NMM is valued a bit cheaper than the industry average as 77.14% of the companies are valued more expensively.
NMM is valuated cheaply when we compare the Price/Earnings ratio to 27.40, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 4.32, the valuation of NMM can be described as very cheap.
Based on the Price/Forward Earnings ratio, NMM is valued a bit cheaper than 80.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.94. NMM is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 4.79
Fwd PE 4.32
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 4.59
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

NMM has a very decent profitability rating, which 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

NMM has a yearly dividend return of 0.45%, which is pretty low.
Compared to an average industry Dividend Yield of 7.07, NMM has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, NMM's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.45%

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.
NMM has decreased its dividend 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

NMM pays out 2.03% of its income as dividend. This is a 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 (10/17/2025, 8:04:01 PM)

After market: 45.47 0 (0%)

45.47

+1.07 (+2.41%)

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 Cap1.32B
Analysts86.67
Price Target67.83 (49.18%)
Short Float %1.1%
Short Ratio1.91
Dividend
Industry RankSector Rank
Dividend Yield 0.45%
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 4.79
Fwd PE 4.32
P/S 1.01
P/FCF N/A
P/OCF 2.46
P/B 0.41
P/tB 0.42
EV/EBITDA 4.59
EPS(TTM)9.49
EY20.87%
EPS(NY)10.53
Fwd EY23.17%
FCF(TTM)-6.69
FCFYN/A
OCF(TTM)18.52
OCFY40.73%
SpS45.11
BVpS110.27
TBVpS109.1
PEG (NY)N/A
PEG (5Y)0.14
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%
ROICexcg growth 3Y-11.92%
ROICexcg 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
WACC9.18%
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%