A Business at a Glance
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Navios Maritime Partners L.P.
NMM
$2.6B
Mkt Cap
$91.53
+0.77%
Item 4. Information on the Partnership A. History and Development of the Partnership Navios Partners is an international owner and operator of Dry Cargo and tanker vessels that was formed on August 7, 2007 under the laws of the Republic of the Marshall Islands as a limited partnership, under the Marshall Islands Limited Partnership Act. Olympos Maritime Ltd. is Navios Partners’ general partner (the “General Partner”) and currently owns all the general partnership units representing an approximately 2.1% ownership interest in Navios Partners based on all outstanding common units and general partnership units. Navios Partners is engaged in the seaborne transportation services of a wide range of liquid and dry cargo commodities including iron ore, oil, coal, grain and fertilizer and also containers, chartering its vessels generally under short-term, medium to long-term charters. The operations of Navios Partners are managed by the Manager from its offices in Greece, Singapore and Monaco.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.5B | 1.3B | 1.3B | 1.3B | 1.2B | 713M |
| Net Income | 702M | 285M | 367M | 434M | 579M | 516M |
| EPS | $0.00 | $9.95 | $12.37 | $14.37 | $19.19 | $17.09 |
| Free Cash Flow | 398M | 281M | -264M | 377M | 73M | 60M |
| ROIC | 0.0% | 5.9% | 8.3% | 13.2% | 17.7% | 22.4% |
| Gross Margin | 89.3% | 90.5% | 89.0% | 87.7% | 89.9% | 94.9% |
| Debt/Equity | 0.39 | 0.73 | 0.78 | 0.75 | 0.87 | 1.06 |
| Dividends/Share | $0.43 | $0.21 | $0.21 | $0.20 | $0.20 | $0.15 |
| Operating Income | 0 | 307M | 396M | 54M | 662M | 559M |
| Operating Margin | 0.0% | 22.8% | 29.7% | 4.1% | 54.7% | 78.4% |
| ROE | 22.0% | 8.9% | 12.5% | 17.0% | 28.2% | 42.6% |
| Shares Outstanding | 29M | 29M | 30M | 30M | 30M | 30M |
| Metric | 2014 | 2015 | 2016 | 2017 | 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 227M | 224M | 191M | 212M | 231M | 219M | 227M | 713M | 1.2B | 1.3B | 1.3B | 1.3B | 2.5B |
| Gross Margin | 93.2% | 96.8% | 97.0% | 98.0% | 95.7% | 94.4% | 95.1% | 94.9% | 89.9% | 87.7% | 89.0% | 90.5% | 89.3% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 7.8M | 7.9M | 12M | 17M | 18M | 21M | 24M | 41M | 67M | 81M | 85M | 92M | 155M |
| EBIT | 104M | 74M | -21M | 9.9M | 1.6M | -17M | 5.1M | 559M | 662M | 54M | 396M | 307M | 0 |
| Op. Margin | 45.6% | 32.9% | -11.2% | 4.7% | 0.7% | -7.7% | 2.2% | 78.4% | 54.7% | 4.1% | 29.7% | 22.8% | 0.0% |
| Net Income | 75M | 42M | -53M | -15M | -13M | -62M | -69M | 516M | 579M | 434M | 367M | 285M | 702M |
| Net Margin | 32.9% | 18.7% | -27.6% | -7.1% | -5.7% | -28.3% | -30.2% | 72.4% | 47.9% | 33.2% | 27.5% | 21.2% | 28.5% |
| Non-Recurring | 0 | 0 | 27M | 31M | 44M | 37M | 72M | 34M | 149M | 50M | 26M | 17M | 52M |
| Returns on Capital | |||||||||||||
| ROIC | 8.4% | 5.1% | -4.3% | 0.8% | 0.1% | -1.2% | 0.3% | 22.4% | 17.7% | 13.2% | 8.3% | 5.9% | 0.0% |
| ROE | 10.3% | 5.6% | -7.4% | -2.1% | -1.7% | -8.3% | -9.9% | 42.6% | 28.2% | 17.0% | 12.5% | 8.9% | 22.0% |
| ROA | 5.8% | 3.1% | -4.0% | -1.2% | -1.0% | -4.8% | -5.6% | 21.4% | 13.6% | 8.6% | 6.8% | 4.9% | 11.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 172M | 123M | 62M | 53M | 68M | 70M | 94M | 277M | 506M | 560M | 483M | 505M | 880M |
| Free Cash Flow | 15M | -25M | 46M | -105M | -48M | 49M | 22M | 60M | 73M | 377M | -264M | 281M | 398M |
| Owner Earnings | 76M | 47M | -31M | -21M | 7.5M | 15M | 37M | 164M | 304M | 299M | 191M | 156M | 415M |
| CapEx | 156M | 148M | 15M | 158M | 116M | 21M | 72M | 217M | 434M | 183M | 747M | 224M | 481M |
| Maint. CapEx | 96M | 76M | 92M | 73M | 58M | 53M | 56M | 113M | 202M | 261M | 292M | 349M | 464M |
| Growth CapEx | 60M | 72M | 0 | 85M | 58M | 0 | 16M | 104M | 232M | 0 | 455M | 0 | 17M |
| D&A | 96M | 76M | 92M | 73M | 58M | 53M | 56M | 113M | 202M | 261M | 292M | 349M | 464M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 54.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 139M | 132M | 0 | 0 | 10M | 14M | 7.9M | 4.6M | 6.2M | 6.2M | 6.1M | 6.0M | 12M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.5% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 4.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Stock-Based Comp | 0 | 0 | 93K | 1.9M | 2.4M | 2.0M | 946K | 523K | 154K | 4K | 0 | 0 | 0 |
| Debt Repayment | 7.1M | 61M | 105M | 546M | 75M | 448M | 83M | 959M | 652M | 823M | 575M | 1.1B | 1.3B |
| Balance Sheet | |||||||||||||
| Net Debt | 628M | 765M | 648M | 539M | 425M | 796M | 845M | 1.7B | 1.9B | 1.8B | 2.1B | 2.0B | 493M |
| Cash & Equiv. | 99M | 27M | 17M | 24M | 59M | 23M | 19M | 159M | 158M | 240M | 270M | 403M | 754M |
| Long-Term Debt | 560M | 575M | 450M | 467M | 459M | 346M | 229M | 641M | 690M | 752M | 917M | 975M | 985M |
| Debt/Equity | 0.97 | 1.08 | 0.98 | 0.73 | 0.62 | 1.12 | 1.32 | 1.06 | 0.87 | 0.75 | 0.78 | 0.73 | 0.39 |
| Interest Coverage | 3.6 | 2.3 | -0.7 | 0.3 | 0.0 | -0.4 | 0.2 | 13.1 | 8.0 | 1.8 | 13.8 | 14.2 | 14.2 |
| Equity | 749M | 732M | 680M | 768M | 777M | 728M | 655M | 1.8B | 2.3B | 2.8B | 3.1B | 3.3B | 3.2B |
| Total Assets | 1.3B | 1.4B | 1.3B | 1.3B | 1.3B | 1.3B | 1.2B | 3.6B | 4.9B | 5.1B | 5.7B | 5.9B | 5.9B |
| Total Liabilities | 590M | 618M | 588M | 538M | 537M | 525M | 552M | 1.9B | 2.6B | 2.4B | 2.6B | 2.6B | 2.7B |
| Intangibles | 74M | 55M | 19M | 8.1M | 4.3M | 3.2M | 2.0M | 100M | 79M | 60M | 42M | 3.2M | 34M |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Working Capital | 85M | -1.7M | -43M | 6.1M | 59M | -3.8M | -192M | -169M | -307M | -60M | 33M | 57M | 42M |
| Current Assets | 115M | 40M | 56M | 60M | 111M | 76M | 61M | 226M | 310M | 400M | 443M | 512M | 501M |
| Current Liabilities | 30M | 42M | 99M | 54M | 52M | 80M | 253M | 396M | 618M | 460M | 410M | 455M | 459M |
| Per Share Data | |||||||||||||
| EPS | N/A | N/A | N/A | N/A | N/A | N/A | -2.01 | 17.09 | 19.19 | 14.37 | 12.37 | 9.95 | 0.00 |
| Owner EPS | N/A | N/A | N/A | N/A | N/A | N/A | 1.09 | 5.43 | 10.08 | 9.91 | 6.45 | 5.44 | 14.49 |
| Book Value | N/A | N/A | N/A | N/A | N/A | N/A | 19.24 | 58.61 | 77.62 | 91.78 | 104.62 | 116.54 | 111.28 |
| Cash Flow/Share | N/A | N/A | N/A | N/A | N/A | N/A | 2.76 | 9.18 | 16.77 | 18.56 | 16.28 | 17.62 | 40.67 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | 0.23 | 0.15 | 0.20 | 0.20 | 0.21 | 0.21 | 0.43 |
| Shares Out. | N/A | N/A | N/A | N/A | N/A | N/A | 34.0M | 30.2M | 30.2M | 30.2M | 29.7M | 28.7M | 28.7M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 6.6 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.8 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.1 |
| FCF Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 15.2% |
| Market Cap | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.6B |
| Avg. Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 91.53 |
| Year-End Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 91.53 |
Navios Maritime Partners L.P. passes 2 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average ROIC is 13.5% with a gross margin of 90.4%. Total shareholder yield (dividends) is 0.5%.
Navios Maritime Partners L.P. (NMM) has a current P/E ratio of 9.2.
Navios Maritime Partners L.P. (NMM) has a 5-year average return on invested capital (ROIC) of 13.5%. This indicates solid capital allocation.
Navios Maritime Partners L.P. (NMM) has a market capitalization of $2.6B. It is classified as a mid-cap stock.
Yes, Navios Maritime Partners L.P. (NMM) pays a dividend with a trailing twelve-month yield of 0.47%.
Navios Maritime Partners L.P. (NMM) reported annual revenue of $1.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
Navios Maritime Partners L.P. (NMM) has a net profit margin of 21.2%. This is a strong margin indicating high profitability.
Navios Maritime Partners L.P. (NMM) generated $281 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Navios Maritime Partners L.P. (NMM) has a debt-to-equity ratio of 0.73. This indicates moderate leverage.
Navios Maritime Partners L.P. (NMM) reported earnings per share (EPS) of $9.95 in its most recent fiscal year.
Navios Maritime Partners L.P. (NMM) has a return on equity (ROE) of 8.9%. This indicates moderate shareholder returns.
Navios Maritime Partners L.P. (NMM) has a 5-year average gross margin of 90.4%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for Navios Maritime Partners L.P. (NMM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Navios Maritime Partners L.P. (NMM) has a book value per share of $116.54, based on its most recent annual SEC filing.
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