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Navios Maritime Partners L.P.

Rank #345Value

NMM · NYSE · Industrials

Navios Maritime Partners L.P. (NMM) — Rank #345 by gross profitability (GP/assets 0.21) · ROE — · Piotroski F-Score N/A.

As-of 2026-09-15 · CIK 0001415921 · all metrics point-in-time as of the filing date.

About

Navios Maritime Partners L.P. owns and operates dry cargo and tanker vessels in Asia, Europe, North America, and Australia.

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The company offers seaborne transportation services for a range of liquid and dry cargo commodities, such as crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer, and containers. It charters its vessels under short, medium, and longer-term time charters. As of March 5, 2026, the company's fleet consisted of 66 dry bulk vessels, 51 containerships, and 53 tanker vessels. Navios Maritime Partners L.P.

was founded in 2007 and is based in Piraeus, Greece.

Industry
Marine Shipping
Sector
Industrials
State
1T
Filer Category
Large accelerated filer
Fiscal Year End
December 31

Price History

NMM+201.9% · +24.7% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/E and dividend yield are the primary valuation lenses for mature businesses.

Market Cap

$2.66B

P/E (annual)

—

P/S (annual)

2.0

P/B

—

P/OCF (annual)

5.3

Shareholder Yield

—

Employees

—

Industry

Marine Shipping

Exchange

NYSE

Quality Profile

Profitability

1/1 pass
GP / assets
0.21
Return on equity
—
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
—
Current ratio
1.13×
Net cash
-$705.57M

Cash Flow

1/1 pass
Positive FCF
N/A
Cash-backed earnings
N/A
Accruals healthy
PASS
SBC / revenue
0.0%

Growth

1/1 pass
Revenue growth
0.8%
Piotroski F-Score
N/A
Share dilution
—

Terry Smith quality gate

Passes 1/5 Terry Smith thresholds

4 of 5 thresholds not computable from filed data.

Dividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).

Profitability

Gross profitability (GP / assets)

0.21

Primary signal (Novy-Marx).

Return on equity

—

Gross margin

90.5%

Revenue growth (YoY)

0.8%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

3.6%

Revenue CAGR (5Y)

42.7%

Earnings CAGR (3Y)

-21.0%

FCF CAGR (3Y)

—

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

—

Current ratio

1.13×

Quick ratio

0.96×

Net cash

-$705.57M

Cash & equivalents minus total debt.

Recession resistance

Revenue through recessions

Worst single-year YoY revenue decline, 17 years of history

Strong
2008-2009 (GFC)
N/AN/A
2020 (COVID)
3.4%Grew through it
Worst year on record(any fiscal year, not recession-limited)
-14.8%Significant decline

Cash-flow health

Free cash flow

—

Operating cash flow minus capex.

Positive free cash flow

N/A

FCF / net income

—

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

N/A

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.0%

Stock-based comp intensity.

Dividend safety

Composite score

1.2 / 5

Weak
Payout ratio
2.1%5/5 Strong
FCF coverage
N/A0/5 Weak
Dividend growth streak
0 yr0/5 Weak
Balance-sheet health
D/E N/A · IC N/A0/5 Weak

Piotroski F-Score

F-Score

N/A

Only 8/9 components determinable.

Lifecycle Phase History

20202025
Startup
Hypergrowth
Capital Return
Value
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