EUROSEAS LTD.
ESEA · Deep Sea Foreign Transportation of Freight · EDGAR filings ↗
Reference price $67.18 — last insider purchase, 2026-06-11 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
B83Highly profitable containership owner riding strong charter rates with top-decile margins and returns but cyclical, related-party exposure.
Strengths
- Top-decile profitability: operating margin 65.6% (94th pct), net margin 60% (95th pct), ROA 19.5% (95th pct), ROE 29.5% (93rd pct)
- Conservative balance sheet — debt/equity 0.43, current ratio 4.9x, interest coverage 10.3x (88th pct)
Risks
- Cyclical, price-taking charter business with no durable moat; earnings tied to volatile spot/charter rates
- Reliance on affiliated manager Eurobulk and concentrated insider/affiliate ownership
Notable findings
- Strong balance sheetStrong balance sheet — $176M cash & investments
- Insider buyingInsider buying — 3 open-market buy(s) by 2 insider(s) (cluster of 2 insiders, ~$104,410, last 6mo) Form 4 ↗
- Insider sellingInsider selling — 3 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
65.6%
Net margin
60.1%
Return on equity
29.6%
Return on assets
19.6%
ROIC
17.9%
Revenue growth (QoQ)
27.8%
Net-income growth
21.5%
Debt / equity
0.4×
Interest coverage
10.3×
Current ratio
4.9×
Tangible book value
$463M
Cash & investments
$176M
Stock comp / revenue
0.9%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-11 | Pittas Aristeidis P | Buy | 250 | $67.18 |
| 2026-06-11 | Pittas Aristeidis P | Buy | 250 | $67.18 |
| 2026-04-16 | Karmiri Stefania | Sell | 250 | $72.00 |
| 2026-04-14 | Aslidis Anastasios | Buy | 1.0K | $70.82 |
| 2026-04-14 | Pittas Aristeidis P | Sell | 250 | $70.20 |
| 2026-04-14 | Pittas Aristeidis P | Sell | 250 | $70.20 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-29 | 2025-12-31 | 0001171843-26-002807 ↗ |
| 20-F | 2025-05-15 | 2024-12-31 | 0001171843-25-003243 ↗ |
| 20-F | 2024-04-30 | 2023-12-31 | 0001171843-24-002343 ↗ |
| 20-F | 2023-04-28 | 2022-12-31 | 0001171843-23-002671 ↗ |
| 20-F | 2022-04-22 | 2021-12-31 | 0001171843-22-002726 ↗ |
| 20-F | 2021-04-28 | 2020-12-31 | 0000919574-21-003130 ↗ |
| 20-F | 2020-04-30 | 2019-12-31 | 0000919574-20-003093 ↗ |
| 20-F | 2019-04-25 | 2018-12-31 | 0000919574-19-003020 ↗ |
| 20-F | 2018-04-30 | 2017-12-31 | 0000919574-18-003225 ↗ |
| 20-F | 2017-04-07 | 2016-12-31 | 0000919574-17-003286 ↗ |
| 20-F | 2016-05-02 | 2015-12-31 | 0000919574-16-012713 ↗ |
| 20-F | 2015-04-30 | 2014-12-31 | 0000919574-15-003826 ↗ |