Navios Maritime Partners LP Common Units Representing Limited Partner Interests (NMM)

FairStock Score: 71/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Navios as an asset-heavy, cyclical shipping partnership, not a franchise with a wide moat. The ships carry dry bulk and containers under charters; customers can switch among carriers, so pricing power depends on freight markets. In the second quarter of 2026, the company reported revenue of $410.2 million and net income of $167.9 million, a 40.94% net margin—an excellent quarterly result, though one quarter does not make a durable trend. At the 2026-10-26 close of $88.90, FairStock calculates a P/E of 5.81, P/B of 0.72, EV/EBITDA of 3.60, and PEG of 0.04, so the price is statistically cheap against current earnings and book value. FairStock calculations also show debt-to-equity of 0.69, ROE of 13.21%, and ROCE of 5.05%; the Piotroski F-score is strong at 8/9, but the Altman Z-score is only 0.64, which tells me to respect financial risk. Trailing free cash flow is negative $165.8 million, or a -8.3% FCF yield, a major caveat for a capital-intensive business. FairStock's score is 71/100, and its Lynch category is 'none' because only 0 year(s) of filed results are available and three are needed. My conclusion: the current numbers look cheap, but shipping cycles and weak free cash flow mean I would demand a margin of safety rather than treat the low multiple as a free lunch.

In plain English: Navios Maritime Partners owns and operates ships that carry dry bulk cargo and containers, earning money by chartering them out. The business looks strongly profitable in the second quarter of 2026, and the shares look inexpensive compared with reported profits and asset value, but shipping is cyclical and cash flow after fleet spending has been negative over the past year.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer