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Insufficient data to determine institutional momentum.
Data as of Q2 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Top 25 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow on any basis, so a reverse DCF can't be run.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 8 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: 4%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 8 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-14
Where each multiple sits in its own 7-yr range · 11th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 7-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 4% against ROIC 4% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| SG&A | 2.8 | 6.3 | 9.1 | 3.2 | 4.7 | 5.8 | 20.1 | 23.7 |
| Operating Income | 24.9 | 21.5 | 3.6 | 53.9 | 48.7 | 22.6 | 32.3 | -22.5 |
| Income Tax | 0.0 | 0.0 | 0.2 | 0.3 | 0.3 | 0.2 | 0.2 | 0.4 |
| Net Income | 24.8 | 18.2 | -14.0 | 50.9 | 78.9 | 39.6 | 22.1 | 23.6 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on CTRM: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $111.4M covers all $86.6M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2023-12-31 (20-F).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest.
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-10-14
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $81.8M 100.0% | $66.2M 100.0% | $97.5M 100.0% | $150.2M 100.0% | $102.8M 100.0% | $12.5M 100.0% | $6.0M 100.0% | $4.0M 100.0% |
| Selling, General & Admin | $19.4M 23.7% | $13.3M 20.1% | $5.7M 5.8% | $7.0M 4.7% | $3.3M 3.2% | $1.1M 9.1% | $379K 6.3% | $109K 2.8% |
| Total Operating Expenses | $89.5M 109.4% | $47.7M 72.0% | $75.5M 77.4% | $77.1M 51.3% | $47.4M 46.1% | $12.0M 96.4% | $4.7M 78.5% | $3.0M 75.1% |
| Operating Income | -$18.4M -22.5% | $21.4M 32.3% | $22.0M 22.6% | $73.1M 48.7% | $55.4M 53.9% | $452K 3.6% | $1.3M 21.5% | $987K 24.9% |
| Interest Expense | $5.0M 6.1% | $6.1M 9.2% | $11.3M 11.5% | $7.7M 5.1% | $2.3M 2.3% | $2.2M 17.5% | $222K 3.7% | $3K 0.1% |
| Interest & Investment Income | $1.9M 2.3% | $6.9M 10.4% | $3.2M 3.3% | $1.4M 0.9% | $74K 0.1% | $35K 0.3% | $32K 0.5% | $4K 0.1% |
| Other Income (Expense), net | $40.8M 49.9% | -$6.0M -9.0% | -$527K -0.5% | -$6.2M -4.1% | -$2.3M -2.2% | -$2.2M -17.5% | -$195K -3.3% | -$6K -0.2% |
| Pretax Income | $22.4M 27.4% | $15.4M 23.3% | $21.5M 22.0% | $66.9M 44.6% | $53.1M 51.7% | -$1.7M -13.9% | $1.1M 18.2% | $981K 24.8% |
| Income Tax Expense | $323K 0.4% | $134K 0.2% | $178K 0.2% | $389K 0.3% | $291K 0.3% | $22K 0.2% | $0 0.0% | $0 0.0% |
| Net Income | $19.3M 23.6% | $14.6M 22.1% | $38.6M 39.6% | $118.6M 78.9% | $52.3M 50.9% | -$1.8M -14.0% | $1.1M 18.2% | $981K 24.8% |
| Per Share | ||||||||
| EPS (Basic) | $1.13 | $3.50 | $3.86 | $12.53 | $0.48 | -$0.26 | $3.11 | -$0.28 |
| EPS (Diluted) | $0.36 | $0.38 | $1.74 | $12.53 | $0.47 | -$0.26 | $3.11 | -$0.28 |
| Weighted Avg Shares (Basic) | 9.7M | 9.7M | 9.6M | 9.5M | 83.9M | 6.8M | 266K | 2.4M |
| Weighted Avg Shares (Diluted) | 53.7M | 38.7M | 22.0M | 9.5M | 85.3M | 6.8M | 266K | 2.4M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Ranked against 20 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-06-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SBLK | $3.3B | 39.4× | 9.3× | 3.2× | -17.6% | — | 8.1% | 3.4% | 3.4% | -1.6× | 201 |
| DAC | $2.9B | 6.0× | 4.6× | 2.8× | 2.8% | — | 47.4% | 13.0% | 10.0% | 0.2× | 142 |
| LPG | $2.4B | 12.2× | 9.2× | 4.9× | 36.3% | — | 40.2% | 17.0% | 11.4% | 0.8× | 273 |
| SFL | $1.8B | — | 11.4× | 2.5× | -18.9% | — | -3.6% | -2.8% | -0.7% | 6.5× | 220 |
| CMRE | $1.8B | — | 4.8× | 2.0× | -1.2% | — | 41.5% | 17.5% | 10.1% | 1.7× | — |
| TEN | $1.6B | 12.1× | 7.8× | 2.0× | -0.7% | — | 20.1% | 8.8% | 4.5% | 3.7× | — |
| GSL | $1.6B | — | 3.5× | 2.0× | 7.8% | — | 54.3% | 23.1% | 16.7% | 0.8× | — |
| NVGS | $1.4B | 15.5× | — | 2.4× | 3.6% | — | 17.1% | 8.2% | 7.2% | — | 173 |
| TK | $1.3B | 12.8× | 0.8× | 1.3× | -22.2% | 66.6% | 10.3% | 4.5% | 4.5% | -2.4× | 174 |
| GNK | $1.1B | — | 15.0× | 3.3× | -19.1% | — | -1.3% | -0.5% | -0.4% | 1.6× | 164 |
| ASC | $804M | 22.4× | — | 2.6× | -23.6% | — | 13.2% | 6.5% | 5.4% | — | 187 |
| HSHP | $782M | 43.6× | 14.8× | 5.9× | 6.7% | 78.8% | 13.4% | 10.9% | 2.1% | 6.7× | 111 |
| PANL | $535M | 27.2× | 6.3× | 0.8× | 17.8% | — | 3.1% | 4.5% | 3.7% | -0.1× | 161 |
| ESEA | $486M | 3.5× | 3.0× | 2.1× | 7.0% | — | 60.1% | 29.6% | 20.1% | 0.2× | 59 |
| SHIP | $360M | 16.4× | — | 2.3× | -5.6% | — | 13.4% | 7.5% | 3.7% | — | — |
| GASS | $329M | 5.3× | 2.9× | 1.9× | 3.5% | — | 35.0% | 8.8% | 8.8% | -1.2× | 68 |
| DSX | $328M | 24.0× | 9.0× | 1.5× | -6.4% | — | 8.3% | 3.5% | 1.7% | 5.3× | — |
| IMPP | $237M | 4.1× | 3.5× | 1.5× | 9.2% | — | 31.0% | 9.4% | 9.4% | -0.1× | — |
| SMHI | $224M | — | 8.1× | 1.0× | -16.0% | 20.2% | -12.2% | -10.5% | -4.6% | 4.4× | 96 |
| TORO | $142M | 51.2× | 189.9× | 6.7× | -5.9% | — | 28.1% | 3.6% | 3.6% | — | — |
| CTRM | $16M | 4.7× | — | 0.2× | 23.5% | — | 23.6% | 3.7% | 3.7% | — | 25 |
Peers = companies sharing CTRM's sector (Deep Sea Foreign Transportation of Freight) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Earns -183.37pts against its cost of capital — capital is being consumed, not created.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2019 | 6.5% | 28.2% (today's — no rate published for this year) | -21.7pts |
| FY2020 | 0.8% | 28.2% (today's — no rate published for this year) | -27.4pts |
| FY2021 | 13.4% | 7.3% | 6.1pts |
| FY2022 | 15.7% | 8.2% | 7.5pts |
| FY2023 | 5.0% | 11.8% | -6.9pts |
| FY2024 | 5.1% | 31.5% | -26.4pts |
| FY2025 | -4.8% | 26.4% | -31.2pts |
| Now | 3.7% | 28.2% | -24.5pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2018 | not reported | 24.9% | 24.8% |
| FY2019 | not reported | 21.5% | 18.2% |
| FY2020 | not reported | 3.6% | -14.0% |
| FY2021 | not reported | 53.9% | 50.9% |
| FY2022 | not reported | 48.7% | 78.9% |
| FY2023 | not reported | 22.6% | 39.6% |
| FY2024 | not reported | 32.3% | 22.1% |
| FY2025 | not reported | -22.5% | 23.6% |
Return on equity (4%) and return on invested capital (4%) are within a couple of points in FY2025, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
Net margin is 2355.19% against 7892.67% 3 years ago — a step down the business has not recovered, whatever the spread says today.
Free cash flow has fallen short of reported profit in 3 of the last three years.
Shares outstanding are up 191% since FY2019 — per-share cash flow has grown more slowly than the totals above, and the gap is the owners'.
Debt is present but there is no positive EBITDA or no reported interest expense, so coverage cannot be measured.
This schedule comes from a filing dated 2023-12-31, 1019 days old. Maturities are shown relative to that date, not to today.
Ladder as of 2023-12-31 (20-F); cash from the 2023-12-31 balance sheet; FCF from FY2023.
Balance sheet at 2023-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
No material counter-signal in the checked set: net debt / EBITDA, interest coverage, stressed coverage, maturity schedule vs cash and one year of FCF, liquidity ratios.
Missing from our data, so excluded from this answer: ebitda.
No positive free cash flow to discount, so the price cannot be expressed as a growth requirement.
No material counter-signal in the checked set: reverse-DCF implied growth, historical FCF CAGR, per-year FCF growth distribution, reporting-basis breaks, discount rate used, free-cash-flow basis (stock comp charged?).
Missing from our data, so excluded from this answer: free_cash_flow.
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | 109.3% | 501.5% | 392.3 points |
| FY2021 | 723.1% | 531.6% | -191.5 points |
| FY2022 | 46.1% | -67.1% | -113.2 points |
| FY2023 | -35.1% | 7.7% | 42.8 points |
| FY2024 | -32.1% | -7.8% | 24.3 points |
| FY2025 | 23.5% | 194.2% | 170.7 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2019 | 13.2 days | not reported | not reported | not reported |
| FY2020 | 38.1 days | not reported | not reported | not reported |
| FY2021 | 29.2 days | not reported | not reported | not reported |
| FY2022 | 6.6 days | not reported | not reported | not reported |
| FY2023 | 10.9 days | not reported | not reported | not reported |
| FY2024 | 14.8 days | not reported | not reported | not reported |
| FY2025 | 35.3 days | not reported | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | -4.0 percent |
| FY2020 | 0.8 percent |
| FY2021 | -1.8 percent |
| FY2022 | -0.8 percent |
| FY2023 | not reported |
| FY2024 | not reported |
| FY2025 | not reported |
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2025) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.