Navios Maritime Partners
Moves commodity and container cargoes through dry-bulk, containership and tanker fleets.
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Profile
Operates dry-bulk carriers, containerships and tankers that transport liquid and dry commodities under charters. The current three-fleet structure followed its 2021 combinations with Navios Maritime Containers and Navios Maritime Acquisition.
Operates dry-bulk carriers, containerships and tankers that move liquid and dry commodities under short- to long-term charters. The fleet carries petroleum cargoes, chemicals, iron ore, coal, grain, fertilizer and containerized goods across seaborne trade routes.
The current three-fleet structure followed combinations with Navios Maritime Containers and Navios Maritime Acquisition in 2021. Vessel assets support transportation across commodity and container markets rather than a single shipping niche.
Relies on affiliated Navios Shipmanagement entities for commercial and technical operations under a Master Management Agreement. Charter rates, charterer performance, vessel costs, financing availability and maritime regulation shape the business.
Company facts
Categories
Key statistics
Year to date +69.8% · Average volume (30d) 137.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| Apr 24, 2026 | Jefferies | Target | $80 | $85 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 20, 2026Q2 FY26 | $4.35 | $4.65 | +6.9% | $360.8M | $410.2M | +13.7% | +2.08% |
| May 21, 2026Q1 FY26 | $2.77 | $3.35 | +20.9% | $317.8M | $357.0M | +12.3% | −0.19% |
| Feb 19, 2026Q4 FY25 | $2.38 | $3.40 | +42.9% | $316.0M | $365.6M | +15.7% | +2.51% |
| Nov 18, 2025Q3 FY25 | $2.54 | $2.83 | +11.4% | $315.4M | $346.9M | +10.0% | +0.02% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $304.1M | $327.6M | $346.9M | $365.6M | $357.0M | $410.2M | |
| Gross profit | $198.3M | $215.6M | $208.2M | $251.2M | $244.4M | $281.6M | |
| Operating income | $81.5M | $94.7M | $90.0M | $130.6M | $125.6M | $161.6M | |
| Net income | $40.9M | $68.5M | $55.1M | $117.3M | $106.3M | $167.9M | |
| Diluted EPS | $1.38 | $2.34 | $1.90 | $3.99 | $3.64 | $5.78 | |
| Gross margin | 65.2% | 65.8% | 60.0% | 68.7% | 68.5% | 68.6% | |
| Operating margin | 26.8% | 28.9% | 25.9% | 35.7% | 35.2% | 39.4% |
Fiscal years (4-quarter sums)FY21 $713.2M · FY22 $1.21B · FY23 $1.31B · FY24 $1.33B · FY25 $1.34B
Balance sheet, Jun 30, 2026Cash & short-term investments $469.3M · Total debt $2.26B · Total assets $6.26B · Shareholders' equity $3.59B
Dividends
Raised for 4 straight years — most recently to $0.06 from $0.05 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 10, 2026 | Aug 10 | Aug 13 | $0.06 | |
| May 11, 2026 | May 11 | May 14 | $0.06 | raised from $0.05 |
| Feb 9, 2026 | Feb 9 | Feb 12 | $0.05 | |
| Nov 10, 2025 | Nov 10 | Nov 14 | $0.05 | |
| Aug 11, 2025 | Aug 11 | Aug 14 | $0.05 | |
| May 9, 2025 | May 9 | May 14 | $0.05 | |
| Feb 10, 2025 | Feb 10 | Feb 13 | $0.05 | |
| Nov 12, 2024 | Nov 12 | Nov 15 | $0.05 |
Ownership
Shares outstanding 28.42M · Float 14.79M · 52.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Angeliki Frangou | 5.04M | 17.70% | 13D | Mar 16, 2026 |
| Pilgrim Global Advisors LLC | 4.64M | 16.32% | 13F | May 15, 2026 |
| George O. Sertl, Jr. | 1.51M | 5.10% | 13G | Feb 14, 2025 |
| Morgan Stanley | 1.18M | 4.14% | 13F | May 15, 2026 |
| Main Street Financial Solutions, LLC | 889.8K | 3.13% | 13F | Jul 29, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 12, 2026 | Angeliki Frangou | director, 10 percent owner, officer: See Remarks | +1,062 | $79.16 |
| Aug 11, 2026 | Angeliki Frangou | director, 10 percent owner, officer: See Remarks | +1,057 | $78.40 |
| Aug 10, 2026 | Angeliki Frangou | director, 10 percent owner, officer: See Remarks | +1,050 | $79.09 |
| Aug 7, 2026 | Angeliki Frangou | director, 10 percent owner, officer: See Remarks | +1,054 | $78.94 |
| Aug 6, 2026 | Angeliki Frangou | director, 10 percent owner, officer: See Remarks | +1,063 | $79.53 |
Peers
- Star Bulk Carriers
Large public dry-bulk vessel owner and operator.
- Danaos
Independent containership owner with a large charter fleet.
- Frontline
Large public owner and operator of oil tankers.
- Costamare Bulkers
Dry-bulk owner and chartering platform with 31 owned vessels.
- Costamare
Large independent containership owner and charter provider.
- International Seaways
International crude and petroleum-product tanker operator.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Navios Maritime Partners | $87.16 | −0.09% | $2.48B | 5.7 | 4.7 | 1.7 | +25.2% |
| Star Bulk Carriers | $30.48 | +0.03% | $3.40B | 12.0 | 6.8 | 2.8 | +15.0% |
| Danaos | $150.10 | −0.30% | $2.74B | 5.1 | 5.5 | 2.6 | +4.7% |
| Frontline | $44.22 | +0.12% | $9.84B | 6.6 | 9.1 | 3.6 | +56.9% |
| Costamare Bulkers | $20.52 | −0.77% | $497.4M | 136.8 | — | 0.7 | — |
| Costamare | $15.41 | −0.06% | $1.86B | 5.9 | 6.2 | 2.2 | −12.3% |
| International Seaways | $100.00 | +1.19% | $4.89B | 6.3 | 10.8 | 3.9 | +121.9% |
| Median | 6.5 | 6.8 | 2.7 | +15.0% |