NMM Chart
About

Navios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. It offers seaborne transportation services for a range of liquid and dry cargo commodities, including crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer, and containers, as well as charters its vessels under short, medium, and longer-term charters. The company fleet consists of 69 dry bulk vessels, 49 containerships, and 56 tanker vessels, that includes 18 newbuilding tankers. Navios Maritime Partners L.P. was founded in 2007 and is based in Piraeus, Greece.

Fundamentals
Scroll to Statements
Sector Industrials Industry Marine Shipping Market Cap 1.80B
Enterprise Value 3.66B Income 285.33M Sales 1.34B
Book/sh 114.40 Cash/sh 14.16 Dividend Yield 30.00%
Payout 2.29% Employees IPO
P/E 7.09 Forward P/E 4.26 PEG
P/S 1.34 P/B 0.54 P/C
EV/EBITDA 5.12 EV/Sales 2.73 Quick Ratio 0.91
Current Ratio 1.12 Debt/Eq 64.64 LT Debt/Eq
EPS (ttm) 8.73 EPS next Y 14.54 EPS Growth 28.60%
Revenue Growth 9.90% Earnings 2026-05-13 ROA 4.08%
ROE 8.85% ROIC Gross Margin 90.50%
Oper. Margin 34.73% Profit Margin 21.23% Shs Outstand 28.87M
Shs Float 14.43M Short Float 1.92% Short Ratio 2.29
Short Interest 52W High 74.21 52W Low 28.37
Beta 1.23 Avg Volume 140.06K Volume 342.78K
Target Price $87.00 Recom Strong_buy Prev Close $65.67
Price $61.93 Change -5.70%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$87.00
Mean price target
2. Current target
$61.93
Latest analyst target
3. DCF / Fair value
$381.83
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$61.93
Low
$83.00
High
$91.00
Mean
$87.00
Insider Transactions

No recent insider transactions.

Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems5.67M11.05M32.86M17.09M
TaxRateForCalcs0.220.220.220.24
NormalizedEBITDA691.58M743.78M718.72M595.25M
TotalUnusualItems25.76M50.25M149.35M71.20M
TotalUnusualItemsExcludingGoodwill25.76M50.25M149.35M71.20M
NetIncomeFromContinuingOperationNetMinorityInterest367.31M433.64M579.25M516.19M
ReconciledDepreciation225.50M226.74M205.73M112.42M
ReconciledCostOfRevenue801.23M779.16M693.23M369.67M
EBITDA717.34M794.03M868.07M666.45M
EBIT491.84M567.29M662.34M554.03M
NetInterestIncome-110.73M-122.94M-82.23M-41.90M
InterestExpense124.53M133.64M83.09M42.76M
InterestIncome13.80M10.70M856.00K859.00K
NormalizedIncome347.22M394.45M462.75M462.07M
NetIncomeFromContinuingAndDiscontinuedOperation367.31M433.64M579.25M516.19M
TotalExpenses886.39M859.72M760.41M411.13M
DilutedAverageShares30.03M30.18M30.16M22.66M
BasicAverageShares30.03M30.18M30.16M22.62M
DilutedEPS11.9814.0818.8222.32
BasicEPS11.9814.0818.8222.36
DilutedNIAvailtoComStockholders359.87M424.97M567.66M505.86M
NetIncomeCommonStockholders359.87M424.97M567.66M505.86M
PreferredStockDividends7.44M8.67M11.59M10.32M
NetIncome367.31M433.64M579.25M516.19M
MinorityInterests0.000.004.91M
NetIncomeIncludingNoncontrollingInterests367.31M433.64M579.25M511.27M
NetIncomeContinuousOperations367.31M433.64M579.25M511.27M
PretaxIncome367.31M433.64M579.25M511.27M
OtherIncomeExpense30.36M109.41M211.36M251.13M
OtherNonOperatingIncomeExpenses4.60M59.17M62.01M99.09M
SpecialIncomeCharges25.76M50.25M149.35M71.20M
GainOnSaleOfPPE25.76M50.25M149.35M33.62M
WriteOff0.000.00
ImpairmentOfCapitalAssets0.000.00
RestructuringAndMergernAcquisition0.000.00-37.58M
EarningsFromEquityInterest0.000.0080.84M
NetNonOperatingInterestIncomeExpense-110.73M-122.94M-82.23M-41.90M
InterestExpenseNonOperating124.53M133.64M83.09M42.76M
InterestIncomeNonOperating13.80M10.70M856.00K859.00K
OperatingIncome447.67M447.17M450.12M302.05M
OperatingExpense85.17M80.56M67.18M41.46M
SellingGeneralAndAdministration85.17M80.56M67.18M41.46M
GeneralAndAdministrativeExpense85.17M80.56M67.18M41.46M
OtherGandA85.17M80.56M67.18M41.46M
GrossProfit532.84M527.73M517.30M343.51M
CostOfRevenue801.23M779.16M693.23M369.67M
TotalRevenue1.33B1.31B1.21B713.17M
OperatingRevenue1.33B1.31B1.21B713.17M
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber29.69M30.18M30.18M30.20M
ShareIssued29.69M30.18M30.18M30.20M
NetDebt810.16M657.74M706.02M654.32M
TotalDebt1.32B1.17B1.17B1.06B
TangibleBookValue3.06B2.71B2.26B1.67B
InvestedCapital4.19B3.67B3.21B2.58B
WorkingCapital33.33M-59.85M-307.32M-169.16M
NetTangibleAssets-42.31M-60.43M-78.72M-100.42M
CapitalLeaseObligations240.60M270.74M311.12M243.80M
CommonStockEquity3.11B2.77B2.34B1.77B
TotalCapitalization4.02B3.52B3.03B2.41B
TotalEquityGrossMinorityInterest3.11B2.77B2.34B1.77B
MinorityInterest0.000.00
StockholdersEquity0.000.000.000.00
TotalPartnershipCapital3.11B2.77B2.34B1.77B
GeneralPartnershipCapital53.33M46.02M37.47M26.01M
LimitedPartnershipCapital3.05B2.72B2.31B1.74B
TotalLiabilitiesNetMinorityInterest2.57B2.38B2.55B1.85B
TotalNonCurrentLiabilitiesNetMinorityInterest2.16B1.92B1.94B1.46B
OtherNonCurrentLiabilities969.32M861.22M923.91M588.11M
NonCurrentDeferredLiabilities55.53M63.91M50.14M3.50M
NonCurrentDeferredRevenue55.53M63.91M50.14M3.50M
LongTermDebtAndCapitalLeaseObligation1.13B992.38M960.95M866.45M
LongTermCapitalLeaseObligation215.00M240.60M271.26M225.51M
LongTermDebt917.10M751.78M689.69M640.94M
CurrentLiabilities409.67M459.60M617.74M395.50M
OtherCurrentLiabilities103.00M138.70M216.96M82.29M
CurrentDeferredLiabilities66.21M63.31M38.88M23.92M
CurrentDeferredRevenue66.21M63.31M38.88M23.92M
CurrentDebtAndCapitalLeaseObligation188.83M176.48M213.99M191.14M
CurrentCapitalLeaseObligation25.61M30.14M39.85M18.29M
CurrentDebt163.23M146.34M174.14M172.85M
OtherCurrentBorrowings163.23M146.34M174.14M172.85M
PayablesAndAccruedExpenses51.63M81.12M147.92M98.16M
CurrentAccruedExpenses33.87M23.61M16.05M12.89M
InterestPayable7.94M7.42M8.30M3.33M
Payables17.76M57.51M131.87M85.27M
OtherPayable805.00K1.47M1.76M3.62M
DuetoRelatedPartiesCurrent0.0032.03M104.75M64.20M
AccountsPayable16.96M24.02M25.36M17.44M
TotalAssets5.67B5.15B4.90B3.62B
TotalNonCurrentAssets5.23B4.75B4.59B3.40B
OtherNonCurrentAssets61.75M62.11M46.12M48.17M
NonCurrentPrepaidAssets218.66M46.34M
NonCurrentDeferredAssets196.19M145.93M100.00M69.88M
DuefromRelatedPartiesNonCurrent0.0039.57M41.40M35.24M
NonCurrentNoteReceivables0.00
NonCurrentAccountsReceivable39.57M41.40M35.24M
InvestmentsAndAdvances0.00
LongTermEquityInvestment0.00
InvestmentsinAssociatesatCost0.00
GoodwillAndOtherIntangibleAssets42.31M60.43M78.72M100.42M
OtherIntangibleAssets42.31M60.43M78.72M100.42M
NetPPE4.93B4.44B4.32B3.10B
AccumulatedDepreciation-809.47M-688.79M-514.82M-368.06M
GrossPPE5.74B5.13B4.83B3.46B
ConstructionInProgress444.90M434.13M218.66M
OtherProperties243.81M270.97M323.05M244.34M
CurrentAssets442.99M399.75M310.42M226.34M
OtherCurrentAssets16.81M7.91M6.11M3.65M
RestrictedCash29.62M8.80M17.28M9.98M
PrepaidAssets5.57M7.35M8.82M2.83M
Inventory32.79M37.57M32.67M21.07M
Receivables75.74M50.74M87.72M29.34M
OtherReceivables5.72M8.51M12.69M5.57M
DuefromRelatedPartiesCurrent36.62M0.000.00
AccountsReceivable33.40M42.24M75.03M23.77M
AllowanceForDoubtfulAccountsReceivable0.000.00-2.99M-2.99M
GrossAccountsReceivable33.40M42.24M78.02M26.76M
CashCashEquivalentsAndShortTermInvestments282.45M287.38M157.81M159.47M
OtherShortTermInvestments12.29M47.00M0.00
CashAndCashEquivalents270.17M240.38M157.81M159.47M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-523.65M95.30M-104.24M-1.71M
RepurchaseOfCapitalStock-25.00M0.000.000.00
RepaymentOfDebt-574.99M-822.74M-651.88M-959.15M
IssuanceOfDebt966.14M609.72M479.74M735.28M
IssuanceOfCapitalStock0.000.00208.46M
CapitalExpenditure-1.01B-465.02M-610.58M-278.88M
InterestPaidSupplementalData278.52M288.78M161.25M100.76M
EndCashPosition299.79M249.18M175.10M169.45M
BeginningCashPosition249.18M175.10M169.45M30.73M
ChangesInCash50.61M74.08M5.65M138.72M
FinancingCashFlow349.26M-233.22M-184.45M-32.20M
CashFlowFromContinuingFinancingActivities349.26M-233.22M-184.45M-32.20M
NetOtherFinancingCharges-10.76M-14.04M-6.14M-12.16M
CashDividendsPaid-6.13M-6.16M-6.16M-4.62M
CommonStockDividendPaid-6.13M-6.16M-6.16M-4.62M
NetPreferredStockIssuance0.000.009.96M
PreferredStockIssuance0.000.009.96M
NetCommonStockIssuance-25.00M0.000.00198.50M
CommonStockPayments-25.00M0.000.000.00
CommonStockIssuance0.000.00198.50M
NetIssuancePaymentsOfDebt391.15M-213.02M-172.14M-223.88M
NetLongTermDebtIssuance391.15M-213.02M-172.14M-223.88M
LongTermDebtPayments-574.99M-822.74M-651.88M-959.15M
LongTermDebtIssuance966.14M609.72M479.74M735.28M
InvestingCashFlow-782.13M-253.01M-316.24M-106.25M
CashFlowFromContinuingInvestingActivities-782.13M-253.01M-316.24M-106.25M
NetOtherInvestingChanges-47.00M8.87M
NetInvestmentPurchaseAndSale34.71M-47.00M0.00
NetBusinessPurchaseAndSale0.000.009.86M42.68M
SaleOfBusiness0.000.009.86M42.68M
NetPPEPurchaseAndSale-816.84M-206.01M-326.10M-157.80M
SaleOfPPE190.29M259.00M284.48M121.08M
PurchaseOfPPE-1.01B-465.02M-610.58M-278.88M
OperatingCashFlow483.48M560.32M506.34M277.17M
CashFlowFromContinuingOperatingActivities483.48M560.32M506.34M277.17M
ChangeInWorkingCapital-16.15M-33.52M-73.92M-46.58M
ChangeInOtherWorkingCapital929.00K-8.28M11.49M17.74M
ChangeInOtherCurrentLiabilities0.000.00
ChangeInPayablesAndAccruedExpense-38.53M-66.80M-11.75M-21.02M
ChangeInAccruedExpense1.20M7.56M-1.72M-7.74M
ChangeInPayable-39.73M-74.35M-10.03M-13.28M
ChangeInAccountPayable-7.73M-1.63M3.40M1.26M
ChangeInPrepaidAssets8.99M7.61M-20.95M9.77M
ChangeInReceivables12.46M33.95M-52.72M-53.08M
ChangesInAccountReceivables8.84M32.79M-46.56M344.00K
OtherNonCashItems-67.42M-16.30M-55.52M-186.00M
StockBasedCompensation0.004.00K154.00K523.00K
ProvisionandWriteOffofAssets0.000.00
AssetImpairmentCharge0.000.00
AmortizationOfSecurities-108.54M
DepreciationAmortizationDepletion225.50M226.74M205.73M112.42M
DepreciationAndAmortization225.50M226.74M205.73M112.42M
AmortizationCashFlow228.47M217.82M201.82M112.82M
AmortizationOfIntangibles228.47M217.82M201.82M112.82M
Depreciation-2.97M8.92M3.91M112.42M
OperatingGainsLosses-25.76M-50.25M-149.35M-114.46M
EarningsLossesFromEquityInvestments0.000.00-80.84M
GainLossOnSaleOfPPE-25.76M-50.25M-149.35M-33.62M
NetIncomeFromContinuingOperations367.31M433.64M579.25M511.27M
SEC Filings

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