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Navios Maritime Partners L.P.
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$2.7B
Market Cap
5.5
P/E
0.01
PEG
8.0%
ROCE
8.9%
ROE
0.71
D/E
28.0%
OPM
-0.7%
% from 52W High
91
α RS
🔍 NMM is showing a high-conviction setup because it matches 6 of 39 tracked screener presets, Sector RRG has Industrials in the Improving quadrant with the trail still strengthening, and RS Rating is 91 (top decile vs market). Net: Broad signal stack, not a recommendation. ? Conviction RRG RS Rating
Sources
Conviction 6/39 · Industrials in Improving quadrant · RS Rating 91
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🌏 Global Investor Returns
Currency-adjusted total returns for NMM including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

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

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📈 Growth Pattern
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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 54.7K $3.7M 0.00% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
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📊 MIXED Navios Maritime Partners owns 173 vessels across tanker, dry bulk, container with $9.7B fleet value and $4.1B backlog.
Revenue & Profitability
For Q1 2026, Navios reported revenue of $357 million (up 17% YoY), net income of $106.3 million, and EBITDA of $212.7 million. Adjusted net income was $98 million, and adjusted EBITDA was $204 million. Combined TCE rate increased 21% to $25,679 per day.
Outlook
Management sees the Strait of Hormuz closure causing major disruption in tanker markets, with rates at all-time highs. Dry bulk demand is supported by low order books, an aging fleet, and new iron ore projects (Simandou, Vale, Liberia). Tanker supply is constrained by sanctions and an aging fleet. Container rates remain elevated due to Red Sea diversions and trade shifts, with smaller vessels benefiting from non-mainland trade growth.
Growth Drivers
Key growth levers include a newbuilding program of 26 vessels through 2029 ($2.1 billion investment), expansion of the VLCC fleet via creative transactions with options for four more vessels, and index-linked dry bulk charters to capture spot market upside. The contracted revenue backlog grew 16% to a record $4.1 billion.
Balance Sheet & CapEx
Navios has a newbuilding program representing $2.1 billion in investment, with $329 million in equity remaining to be paid. In Q1 2026, the company paid $21 million net of debt under this program. Newbuilds are chartered out on long-term deals to mitigate residual value risk.
Margins
Not discussed in this earnings call.
Key Risks
Management flagged risks from the Iranian conflict and Strait of Hormuz closure, which could trigger a global recession or demand shock. Other risks include sanctions (Russian and Iranian oil), higher fuel costs, security of supply concerns, and the potential for prolonged disruption affecting all shipping markets.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q1 2026 Q1 2026 2026-05-21
Q1 2026 saw strong financial results with net income of $106.3M and EBITDA of $212.7M, driven by higher TCE rates and a record $4.1B revenue backlog. Fleet modernization, disciplined capital allocation, and a focus on risk management position the company well amid ongoing geopolitical disruptions.
Q4 2025 Q4 2025 2026-02-19
Q4 2025 saw strong earnings growth, higher TCE rates, and a 20% distribution increase. The diversified fleet and disciplined risk management support resilience amid geopolitical and market uncertainties, with significant contracted revenue and ongoing fleet renewal.
Q3 2025 Q3 2025 2025-11-18
Q3 2025 saw revenue and EBITDA growth, strong fleet modernization, and robust contracted revenue backlog. Debt refinancing improved financial flexibility, while market outlooks for dry bulk, tankers, and containers remain positive amid ongoing geopolitical risks.
Q2 2025 Q2 2025 2025-08-21
Q2 2025 saw revenue of $327.6M, EBITDA of $178.2M, and net income of $69.9M, with strong cash flow and a $3.1B contracted revenue backlog. Fleet renewal, unit repurchases, and swift risk management actions supported performance amid volatile markets.
Q1 2025 Q1 2025 2025-05-07
Q1 2025 saw revenue of $304.1M and net income of $41.7M, with strong liquidity and a $3.4B contract backlog. Despite lower year-over-year earnings, the company maintains flexibility and a modern fleet, focusing on risk management amid tariff and geopolitical uncertainty.
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📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
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Information Sources:
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