Navios Maritime Holdings Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Navios Maritime Holdings Inc (NM) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Navios Maritime Holdings Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 255M vs 7,363M combined for tracked competitors (3.4% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months), vs accelerating (+235.5%) for its tracked peer group.
- Growth: Navios Maritime Holdings Inc generated -56.4% revenue growth year over year in Q4 2022, vs 12.7% for its tracked competitors combined.
- Profitability: Its 33.4% net margin compares with 36.0% for the peer group.
- Peer revenue share: Navios Maritime Holdings Inc accounted for 4.0% of combined revenue among its tracked peer group, down from 9.7% a year earlier.
- Peer differentiation: Revenue per employee of $0.52M compares with $1.08M for the peer group (0.5x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
NM Sales vs. its Competitors, Q4 2022
Navios Maritime Holdings Inc reported revenue contraction of 56.40 % year on year in Q4 2022, below its competitors' combined revenue growth of 12.70 %.
With a net margin of 33.39 %, Navios Maritime Holdings Inc reported lower profitability than its competitors (35.95 %).
Navios Maritime Holdings Inc generated 3.97 % of the combined sales of its peer group, down from 9.66 % a year earlier.
Navios Maritime Holdings Inc vs. its Competitors, Q4 2022
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Navios Maritime Holdings Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Navios Maritime Holdings Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (3) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (5) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Navios Maritime Holdings Inc's competitor groups requires a Commercial License.
For context: the Marine Transportation industry grew revenue 2.3% year over year, combined, vs -56.4% for Navios Maritime Holdings Inc. Navios Maritime Holdings Inc's share of combined industry revenue moved from 1.35% to 0.57%, a loss of 0.77 percentage points.
Navios Maritime Holdings Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Navios Maritime Holdings Inc | Yes | Yes | Yes | - |
| Competitors combined (11) | ||||
| High-Confidence Competitors (4) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 75.00 % (6 of 8) | 75.00 % (6 of 8) | 28.60 % (2 of 7) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
NM Stock Performance relative to its Competitors
NM Stock Performance relative to High-Confidence Competitors
NM Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Golden Ocean Group Limited | 282.9% | Outperformed |
| 2 | Navios Maritime Partners L p | 282.9% | Outperformed |
| 3 | Safe Bulkers Inc | 282.9% | Outperformed |
| 4 | Sfl Corporation Ltd | 282.9% | Outperformed |
| 5 | Pangaea Logistics Solutions Ltd | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Navios Maritime Holdings Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Navios Maritime Holdings Inc's Comment on Competition and Industry Peers
Navios Logistics provides services through its ports and employs its fleet in highly competitive markets. The river and sea coastal logistics market is international in scope and Navios Logistics competes with many different companies, including other port or vessel owners and major oil companies.
With respect to loading, storage and ancillary services, the market is divided
between transits and exports, depending on the cargo origin. In the case of
transits, there are other companies operating in the river system that are able
to offer services similar to Navios Logistics. With respect to exports, its
competitors are Montevideo Port in Montevideo and Ontur and TGU in Nueva Palmira.
The main competitor of its liquid port terminal in Paraguay is Petropar, a Paraguayan
state-owned entity. Other competitors include Copetrol and Petrobras, which
are also customers of Navios Logistics’ port.
Navios Logistics faces competition in its barge and cabotage businesses with
transportation of oil and refined petroleum products from other independent
ship owners and from vessel operators. The charter markets in which its vessels
compete are highly competitive. Key competitors include Ultrapetrol Bahamas
Ltd. and Fluviomar. In addition, some of its customers, including ADM, Cargill,
Louis Dreyfus and Vale, have some of their own dedicated barge capacity, which
they can use to transport cargo in lieu of hiring a third party. Navios Logistics
also competes indirectly with other forms of land-based transportation such
as truck and rail. These companies and other smaller entities are regular competitors
of Navios Logistics in its primary tanker trading areas. Competition is primarily
based on prevailing market contract rates, vessel location and vessel manager
know-how, reputation and credibility.
Navios Logistics’ competitors may be able to offer their customers lower
prices, higher quality service and greater name recognition than it does. Accordingly,
it may be unable to retain its current customers or to attract new customers.
Publicly Traded Peers of Navios Maritime Holdings Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Navios Maritime Holdings Inc | 51.84 | 255.40 |
| Golden Ocean Group Limited | 4,690.11 | 968.42 |
| Star Bulk Carriers Corp | 3,381.82 | 1,042.50 |
| Navios Maritime Partners L p | 2,589.32 | 1,344.14 |
| Sfl Corporation Ltd | 1,707.21 | 733.04 |
| Capital Clean Energy Carriers Corp | 1,251.91 | 392.71 |
| SUBTOTAL | 17,356.66 | 7,618.05 |
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Sources: Navios Maritime Holdings Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Navios Maritime Holdings Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Navios Maritime Holdings Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Atria Logistica S.A. | Named by the company | 85% |
| Hidrovias do Brasil | Named by the company | 85% |
| Ontur | Named by the company | 85% |
| TGU | Named by the company | 85% |
| Zodiac Maritime | Named by the company | 85% |
| Eurodry Ltd | Named by the company | 85% |
| Cobelfret | Named by the company | 85% |
| Louis Dreyfus/Cetragpa | Named by the company | 85% |
| Petropar | Named by the company | 85% |
| Trafigura | Named by the company | 85% |
| Bocimar | Named by the company | 85% |
| Interbarge | Named by the company | 85% |
| Pacific Basin Shipping | Named by the company | 85% |
| TLP | Named by the company | 85% |
| ADM | Named by the company | 85% |
| Copetrol | Named by the company | 85% |
| Montevideo Port | Named by the company | 85% |
| Swiss Marine | Named by the company | 85% |
| Transbarge Navegacion S.A. | Named by the company | 85% |
| Cargill | Named by the company | 85% |
| Louis Dreyfus | Named by the company | 85% |
| Petrobras | Named by the company | 85% |
| Torvald Klaveness | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Navios Maritime Holdings Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Navios Maritime Holdings Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Navios Maritime Holdings Inc | Port Terminal Revenue 37.71 % |
| Whole Earth Brands Inc | Branded CPG 76.51 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Navios Maritime Holdings Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Navios Maritime Holdings Inc | 52 | 520,157 | 173,664 |
| Golden Ocean Group Limited | 4,690 | 649,946 | 149,808 |
| Star Bulk Carriers Corp | 3,382 | 3,545,915 | 286,306 |
| Navios Maritime Partners L p | 2,589 | 1,344,143 | 285,334 |
| Sfl Corporation Ltd | 1,707 | 30,543,375 | -1,101,292 |
| Capital Clean Energy Carriers Corp | 1,252 | - | - |
| PEERS TOTAL | 17,305 | 1,083,061 | 146,261 |
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Navios Maritime Holdings Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Singularity Future Technology Ltd | CN 100.00 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Navios Maritime Holdings Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Marine Transportation industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (65 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 70.09 % | 47.92 % (avg) | +22.2 pp |
| Operating Margin | 48.68 % | industry median | +36.6 pp |
| EBITDA Margin | 32.03 % | 22.53 % (avg) | +9.5 pp |
| Capital Intensity (Capex / Revenue) | 8.36 % | 15.33 % (avg) | -7.0 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Navios Maritime Holdings Inc's Valuation vs Competitive Position
Valuation multiples vs the Marine Transportation industry average (65 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 0.7x | 11.0x | -10.3x |
| EV / EBITDA | 10.5x | 7.1x | +3.4x |
| P/B | 0.7x | 1.2x | -0.4x |
| Return on Equity | 95.94 % | industry aggregate | 65.95 % |
| Return on Invested Capital | 8.16 % | 4.43 % (avg) | 3.73 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Navios Maritime Holdings Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2020 | 2021 | 2022 |
|---|---|---|---|
| Revenue Growth | -55.24 % | 3.50 % | 14.28 % |
| Operating Margin | 52.25 % | 149.04 % | 48.68 % |
| Return on Invested Capital | 6.01 % | 19.58 % | 8.16 % |
| P/E | - | 0.6x | 0.7x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Navios Maritime Holdings Inc's Strategic Group Map
Every company in Navios Maritime Holdings Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Navios Maritime Holdings Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Navios Maritime Holdings Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 8.36 % vs industry average 15.33 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Navios Maritime Holdings Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Navios Maritime Holdings Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Navios Maritime Holdings Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Navios Maritime Holdings Inc falls in the Medium attractiveness / High strength cell: Invest / Grow.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Navios Maritime Holdings Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 36.6 points above the industry median.
- Return on equity 66.0 points above the industry aggregate.
- Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months).
Weaknesses
No rule matched.
Opportunities
- Trades at a lower P/E than the industry average (0.7x vs 11.0x) despite a higher return on invested capital -- a possible re-rating opportunity.
- A meaningful share of tracked competitors (36.40 %) show financial-distress signals, a possible opening to gain share.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Navios Maritime Holdings Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Navios Maritime Holdings Inc | 0.30 | 1.37 | 9.33 |
| Golden Ocean Group Limited | 0.55 | 1.22 | 0.75 |
| Star Bulk Carriers Corp | 1.30 | 1.78 | 0.43 |
| Navios Maritime Partners L p | 0.88 | 1.13 | 2.26 |
| Sfl Corporation Ltd | 0.21 | 0.36 | 3.32 |
| Capital Clean Energy Carriers Corp | 0.88 | 1.38 | 1.66 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Navios Maritime Holdings Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Navios Maritime Holdings Inc | Q4 2022 | +14.3 % | -7.2 % |
| Golden Ocean Group Limited | Q4 2024 | +9.3 % | +98.8 % |
| Star Bulk Carriers Corp | Q4 2025 | -17.6 % | -72.4 % |
| Navios Maritime Partners L p | Q4 2025 | +0.8 % | -22.3 % |
| Sfl Corporation Ltd | Q4 2025 | -18.9 % | - |
| Capital Clean Energy Carriers Corp | Q4 2025 | +6.3 % | -12.2 % |
| PEERS TOTAL | -4.1 % | -27.1 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Navios Maritime Holdings Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Navios Maritime Holdings Inc | Q4 2022 | +16.2 % | -14.4 % |
| Golden Ocean Group Limited | Q4 2024 | - | -99.1 % |
| Star Bulk Carriers Corp | Q4 2025 | +47.0 % | +52.4 % |
| Navios Maritime Partners L p | Q4 2025 | -12.8 % | -70.0 % |
| Sfl Corporation Ltd | Q4 2025 | - | - |
| Capital Clean Energy Carriers Corp | Q4 2025 | +105.1 % | -73.8 % |
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Navios Maritime Holdings Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Navios Maritime Holdings Inc | 9.23% | 5.94% | 95.94% |
| Golden Ocean Group Limited | 6.61% | 6.81% | 11.75% |
| Star Bulk Carriers Corp | 2.21% | 2.36% | 3.44% |
| Navios Maritime Partners L p | 4.81% | 5.45% | 16.12% |
| Sfl Corporation Ltd | - | - | - |
| Capital Clean Energy Carriers Corp | 4.17% | 4.35% | 11.39% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Navios Maritime Holdings Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Navios Maritime Holdings Inc | 0.91 | 0.20 |
| Golden Ocean Group Limited | 20.94 | 4.84 |
| Star Bulk Carriers Corp | 40.14 | 3.24 |
| Navios Maritime Partners L p | 9.42 | 1.93 |
| Sfl Corporation Ltd | - | 2.33 |
| Capital Clean Energy Carriers Corp | 7.34 | 3.19 |
| PEERS AVERAGE | 16.08 | 2.28 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.