InsiderClue
Stocks · Industrials · Deep Sea Foreign Transportation of Freight

EUROSEAS LTD.

ESEA Clue Score74
Greece CIK 0001341170
$71.24 -2.96% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $71.24 +132.51% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue20.5Operating income−12.7Net income−34.1Fiscal year 2017Revenue23.8 +15.6%Operating income−5.4Net income−6.9Fiscal year 2018Revenue34.4 +44.9%Operating income2.3Net income−0.7Fiscal year 2019Revenue40.0 +16.3%Operating income2.0Net income−1.7EPS, diluted−1.21Fiscal year 2020Revenue53.3 +33.2%Operating income9.3Net income4.0EPS, diluted0.58Fiscal year 2021Revenue93.9 +76.1%Operating income45.7Net income43.0 +963.1%EPS, diluted6.06Fiscal year 2022Revenue182.7 +94.6%Operating income106.6Net income106.2 +147.3%EPS, diluted14.78Fiscal year 2023Revenue189.4 +3.6%Operating income119.4Net income114.5 +7.8%EPS, diluted16.52Fiscal year 2024Revenue212.9 +12.4%Operating income120.0Net income112.8 −1.5%EPS, diluted16.20Fiscal year 2025Revenue227.9 +7.0%Operating income149.5Net income137.0 +21.5%EPS, diluted19.72
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 20.5 23.8 34.4 40.0 53.3 93.9 182.7 189.4 212.9 227.9
Growth +15.6% +44.9% +16.3% +33.2% +76.1% +94.6% +3.6% +12.4% +7.0%
Operating income −12.7 −5.4 2.3 2.0 9.3 45.7 106.6 119.4 120.0 149.5
Net income −34.1 −6.9 −0.7 −1.7 4.0 43.0 106.2 114.5 112.8 137.0
Growth +963.1% +147.3% +7.8% −1.5% +21.5%
EPS, diluted n/a n/a n/a −1.21 0.58 6.06 14.78 16.52 16.20 19.72

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin−61.7%Net margin−165.9%Free cash flow margin−19.1%Fiscal year 2017Operating margin−22.8%Net margin−29.2%Free cash flow margin−93.0%Fiscal year 2018Operating margin6.8%Net margin−1.9%Free cash flow margin−4.3%Fiscal year 2019Operating margin4.9%Net margin−4.2%Free cash flow margin−131.1%Fiscal year 2020Operating margin17.4%Net margin7.6%Free cash flow margin3.3%Fiscal year 2021Operating margin48.7%Net margin45.8%Fiscal year 2022Operating margin58.4%Net margin58.2%Fiscal year 2023Operating margin63.1%Net margin60.5%Fiscal year 2024Operating margin56.4%Net margin53.0%Fiscal year 2025Operating margin65.6%Net margin60.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −61.7% −22.8% 6.8% 4.9% 17.4% 48.7% 58.4% 63.1% 56.4% 65.6%
Net margin −165.9% −29.2% −1.9% −4.2% 7.6% 45.8% 58.2% 60.5% 53.0% 60.1%
Free cash flow margin −19.1% −93.0% −4.3% −131.1% 3.3% n/a n/a n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−0.8Capital expenditure−3.1Free cash flow−3.9Fiscal year 2017Operating cash flow8.0Capital expenditure−30.1Free cash flow−22.1Fiscal year 2018Operating cash flow−1.5Capital expenditure−0.0Free cash flow−1.5Fiscal year 2019Operating cash flow3.2Capital expenditure−55.7Free cash flow−52.5Fiscal year 2020Operating cash flow2.4Capital expenditure−0.6Free cash flow1.8Buybacks0.0Dividends paid0.0Fiscal year 2021Operating cash flow52.6Buybacks0.0Dividends paid0.0Fiscal year 2022Operating cash flow114.1Buybacks−5.0Dividends paid−10.8Fiscal year 2023Operating cash flow130.0Buybacks−3.1Dividends paid−14.0Fiscal year 2024Operating cash flow128.2Buybacks−1.1Dividends paid−16.8Fiscal year 2025Operating cash flow141.1Buybacks−2.1Dividends paid−19.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −0.8 8.0 −1.5 3.2 2.4 52.6 114.1 130.0 128.2 141.1
Capital expenditure −3.1 −30.1 −0.0 −55.7 −0.6 n/a n/a n/a n/a n/a
Free cash flow −3.9 −22.1 −1.5 −52.5 1.8 n/a n/a n/a n/a n/a
Growth
Buybacks n/a n/a n/a n/a 0.0 0.0 −5.0 −3.1 −1.1 −2.1
Dividends paid n/a n/a n/a n/a 0.0 0.0 −10.8 −14.0 −16.8 −19.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash2.6Total debt49.9Net cash (debt)−47.3Shareholders’ equity54.1Debt to equity0.92Fiscal year 2017Cash2.9Total debt34.0Net cash (debt)−31.2Shareholders’ equity46.7Debt to equity0.73Fiscal year 2018Cash7.0Total debt36.6Net cash (debt)−29.6Shareholders’ equity3.8Debt to equity9.58Fiscal year 2019Cash1.0Total debt84.5Net cash (debt)−83.5Shareholders’ equity20.5Debt to equity4.13Fiscal year 2020Cash3.6Total debt66.9Net cash (debt)−63.3Shareholders’ equity27.3Debt to equity2.45Fiscal year 2021Cash26.5Total debt118.0Net cash (debt)−91.5Shareholders’ equity76.9Debt to equity1.54Fiscal year 2022Cash25.8Total debt107.2Net cash (debt)−81.4Shareholders’ equity168.2Debt to equity0.64Fiscal year 2023Cash58.6Total debt130.0Net cash (debt)−71.4Shareholders’ equity266.6Debt to equity0.49Fiscal year 2024Cash73.7Total debt205.4Net cash (debt)−131.7Shareholders’ equity362.9Debt to equity0.57Fiscal year 2025Cash176.5Total debt216.8Net cash (debt)−40.4Shareholders’ equity463.4Debt to equity0.47
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 2.6 2.9 7.0 1.0 3.6 26.5 25.8 58.6 73.7 176.5
Total debt 49.9 34.0 36.6 84.5 66.9 118.0 107.2 130.0 205.4 216.8
Net cash (debt) −47.3 −31.2 −29.6 −83.5 −63.3 −91.5 −81.4 −71.4 −131.7 −40.4
Shareholders’ equity 54.1 46.7 3.8 20.5 27.3 76.9 168.2 266.6 362.9 463.4
Debt to equity 0.92 0.73 9.58 4.13 2.45 1.54 0.64 0.49 0.57 0.47

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020† 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
20.5 23.8 34.4 40.0 53.3 93.9 182.7 189.4 212.9 227.9
Growth +15.6% +44.9% +16.3% +33.2% +76.1% +94.6% +3.6% +12.4% +7.0%
2.7 2.5 2.6 2.4 3.0 3.5 4.6 4.7 5.9 6.8
−12.7 −5.4 2.3 2.0 9.3 45.7 106.6 119.4 120.0 149.5
Growth −15.4% +370.3% +392.2% +133.2% +12.0% +0.5% +24.6%
−34.1 −6.9 −0.7 −1.7 4.0 43.0 106.2 114.5 112.8 137.0
Growth +963.1% +147.3% +7.8% −1.5% +21.5%
Per share
n/a n/a n/a −1.21 0.58 6.07 14.79 16.53 16.25 19.73
n/a n/a n/a −1.21 0.58 6.06 14.78 16.52 16.20 19.72
Growth +944.8% +143.9% +11.8% −1.9% +21.7%
n/a n/a n/a 2.9 5.8 7.0 7.2 6.9 6.9 6.9
8.2 n/a 0.0 2.9 5.8 7.0 7.2 6.9 7.0 6.9
Growth +101.1% +21.5% +2.8% −3.5% +0.4% −0.2%

† The diluted share count jumps at 2020, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 33.7% a year over five years.
  • Operating margin is up 48.2 points on five years ago, at 65.6%.
  • A net loss in 4 of 10 years on file.