Ardmore Shipping Corporation(ASC)Earnings, Financials & Key Ratios
ASC•NYSE
19.4× P/E·Price updated Jun 19, 2026
AboutArdmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of February 15, 2022, the company operated a fleet of 25 double-hulled product and chemical tankers. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. The company was founded in 2010 and is based in Pembroke, Bermuda.Show more
- Revenue$310M-23.6%
- EBITDA$115M-29.2%
- Net Income$41M-69.2%
- EPS (Diluted)0.88-71.2%
- Gross Margin34.21%-11.2%
- EBITDA Margin37.03%-7.3%
- Operating Margin26.12%-17.4%
- Net Margin13.22%-59.7%
- ROE6.46%-70.6%
ASC Key Insights
Ardmore Shipping Corporation (ASC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 85 (top 15%)
- ✓High quality earnings: Operating CF exceeds net income
- ✓Good 3Y average ROE of 16.7%
- ✓Healthy dividend yield of 2.2%
- ✓Share count reduced 2.9% through buybacks
- ✓Healthy 5Y average net margin of 17.5%
✗Weaknesses
- ✗Negative free cash flow
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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ASC Price & Volume
Ardmore Shipping Corporation (ASC) stock price & volume — 10-year historical chart
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ASC Growth Metrics
Ardmore Shipping Corporation (ASC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years6.99%
5 Years7.11%
3 Years-11.38%
TTM-13.22%
Profit CAGR
10 Years2.53%
5 Years-
3 Years-33.34%
TTM-41.67%
EPS CAGR
10 Years-3.29%
5 Years-
3 Years-37%
TTM-41.67%
Return on Capital
10 Years8.72%
5 Years14.53%
3 Years16.79%
Last Year11.27%
ASC Recent Earnings
Ardmore Shipping Corporation (ASC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 12/12 qtrs (100%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.58+12.8%
$0.51
Rev
$88M+51.4%
$58M
Q1 2026
Feb 12, 2026Metric
Actual
Est
EPS
$0.28+3.7%
$0.27
Rev
$83M+54.7%
$54M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.31-6.1%
$0.33
Rev
$81M+49.9%
$54M
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$0.22+22.2%
$0.18
Rev
$72M+48.9%
$48M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.58vs $0.51+12.8% | $88Mvs $58M+51.4% |
| Q1 2026 | Feb 12, 2026 | $0.28vs $0.27+3.7% | $83Mvs $54M+54.7% |
| Q4 2025 | Nov 5, 2025 | $0.31vs $0.33-6.1% | $81Mvs $54M+49.9% |
| Q3 2025 | Jul 30, 2025 | $0.22vs $0.18+22.2% | $72Mvs $48M+48.9% |
Based on last 12 quarters of dataView full earnings history →
ASC Peer Comparison
Ardmore Shipping Corporation (ASC) competitors in Oil and Product Tankers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 STNG | 4.17B | 80.58 | 11.46 | -24.58% | 48.44% | 15.85% | 0.19 | |
 TRMD | 3B | 29.41 | 9.94 | -10.86% | 24.43% | 15.79% | 0.46 | |
 INSW | 4.18B | 84.49 | 13.56 | -11.38% | 55.39% | 27.13% | 0.29 | |
 TK | 1.03B | 11.91 | 10.45 | -22.19% | 7.95% | 4.09% | 0.02 | |
 TNK | 2.58B | 74.45 | 7.37 | -22.58% | 42.6% | 21.4% | 0.03 | |
 FRO | 9.11B | 40.93 | 24.08 | -4.16% | 40.19% | 36.04% | 1.22 | |
 NAT | 1.24B | 5.85 | 100.86 | -16.39% | 16.26% | 11.76% | 0.95 | |
 DHT | 3.04B | 18.89 | 14.42 | -13.04% | 58.56% | 29.14% | 0.38 |
Compare ASC vs Peers
Ardmore Shipping Corporation (ASC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ASC Income Statement
Ardmore Shipping Corporation (ASC) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 195.94M | 210.18M | 230.04M | 220.06M | 192.48M | 445.74M | 395.98M | 405.78M | 310.2M | 324.12M |
Revenue Growth % | 19.18% | 7.27% | 9.45% | -4.34% | -12.53% | 131.57% | -11.16% | 2.48% | -23.56% | -13.22% |
Cost of Goods Sold | 107.01M | 133.28M | 190.93M | 176.64M | 184.44M | 250.21M | 228.87M | 249.46M | 204.09M | 223.68M |
COGS % of Revenue | 54.61% | 63.41% | 83% | 80.27% | 95.82% | 56.13% | 57.8% | 61.48% | 65.79% | - |
Gross Profit | 88.93M▲ 0% | 76.9M▼ 13.5% | 39.12M▼ 49.1% | 43.42M▲ 11.0% | 8.05M▼ 81.5% | 195.53M▲ 2329.3% | 167.11M▼ 14.5% | 156.33M▼ 6.5% | 106.11M▼ 32.1% | 100.44M▲ 0% |
Gross Margin % | 45.39% | 36.59% | 17% | 19.73% | 4.18% | 43.87% | 42.2% | 38.52% | 34.21% | 30.99% |
Gross Profit Growth % | -8.5% | -13.53% | -49.13% | 10.99% | -81.46% | 2329.26% | -14.54% | -6.45% | -32.13% | - |
Operating Expenses | 80.41M | 86.52M | 18.15M | 43.42M | 22.8M | 31.92M | 35.44M | 28.04M | 25.07M | 25.3M |
OpEx % of Revenue | 41.04% | 41.16% | 7.89% | 19.73% | 11.85% | 7.16% | 8.95% | 6.91% | 8.08% | - |
Selling, General & Admin | 14.6M | 15.86M | 18.15M | 17.9M | 19.2M | 24.11M | 25.24M | 28.04M | 25.07M | 25.3M |
SG&A % of Revenue | 7.45% | 7.55% | 7.89% | 8.14% | 9.97% | 5.41% | 6.37% | 6.91% | 8.08% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | -2.92M | -3.64M | 0 | 25.51M | 3.61M | 7.81M | 10.19M | 0 | 0 | 0 |
Operating Income | 8.51M▲ 0% | -9.62M▼ 213.0% | 20.97M▲ 318.1% | 0▼ 100.0% | -14.76M▲ 0% | 163.62M▲ 1208.8% | 131.67M▼ 19.5% | 128.29M▼ 2.6% | 81.03M▼ 36.8% | 75.14M▲ 0% |
Operating Margin % | 4.34% | -4.58% | 9.12% | - | -7.67% | 36.71% | 33.25% | 31.61% | 26.12% | 23.18% |
Operating Income Growth % | -64.53% | -212.96% | 318.07% | -100% | - | 1208.8% | -19.52% | -2.57% | -36.84% | - |
EBITDA | 45.71M | 29.16M | 53.29M | 42.74M | 16.95M | 192.89M | 159.49M | 162.17M | 114.88M | 115.44M |
EBITDA Margin % | 23.33% | 13.87% | 23.17% | 19.42% | 8.8% | 43.27% | 40.28% | 39.96% | 37.03% | 35.62% |
EBITDA Growth % | -19.54% | -36.21% | 82.77% | -19.8% | -60.35% | 1038.27% | -17.32% | 1.68% | -29.16% | -14.73% |
D&A (Non-Cash Add-back) | 37.2M | 38.78M | 32.32M | 32.19M | 31.7M | 29.28M | 27.82M | 33.88M | 33.85M | 40.3M |
EBIT | 8.95M | -17.64M | 1.4M | 10.56M | -21.79M | 156.34M | 130.03M | 144.51M | 47.18M | 65.5M |
Net Interest Income | -20.94M | -24.53M | -25.81M | -17.81M | -16.31M | -15.07M | -9.59M | -4.96M | -5.16M | -6.23M |
Interest Income | 436.19K | 606.66K | 952.19K | 281.62K | 55.09K | 471K | 1.82M | 1.82M | 955K | 1.04M |
Interest Expense | 21.38M | 25.14M | 26.76M | 18.09M | 16.36M | 15.54M | 11.41M | 6.78M | 6.11M | 7.27M |
Other Income/Expense | -20.94M | -33.16M | -43.77M | -5.85M | -21.93M | -24.95M | -14.43M | 4.93M | -39.78M | -16.52M |
Pretax Income | -12.43M▲ 0% | -42.78M▼ 244.1% | -22.8M▲ 46.7% | -5.85M▲ 74.4% | -36.68M▼ 527.4% | 138.66M▲ 478.0% | 117.24M▼ 15.4% | 133.22M▲ 13.6% | 41.26M▼ 69.0% | 58.61M▲ 0% |
Pretax Margin % | -6.34% | -20.35% | -9.91% | -2.66% | -19.06% | 31.11% | 29.61% | 32.83% | 13.3% | 18.08% |
Income Tax | 59.57K | 162.92K | 58.77K | 199K | 150K | 207K | 435K | 215K | 241K | 270K |
Effective Tax Rate % | -0.48% | -0.38% | -0.26% | -3.4% | -0.41% | 0.15% | 0.37% | 0.16% | 0.58% | 0.46% |
Net Income | -12.49M▲ 0% | -42.94M▼ 243.8% | -22.86M▲ 46.8% | -6.05M▲ 73.6% | -36.83M▼ 509.2% | 138.45M▲ 475.9% | 116.81M▼ 15.6% | 133.01M▲ 13.9% | 41.01M▼ 69.2% | 58.34M▲ 0% |
Net Margin % | -6.37% | -20.43% | -9.94% | -2.75% | -19.14% | 31.06% | 29.5% | 32.78% | 13.22% | 18% |
Net Income Growth % | -433.26% | -243.78% | 46.76% | 73.55% | -509.2% | 475.91% | -15.63% | 13.87% | -69.16% | -41.67% |
Net Income (Continuing) | -12.49M | -42.94M | -22.86M | -6.05M | -36.83M | 138.45M | 116.81M | 133.01M | 41.01M | 58.34M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | -0.37▲ 0% | -1.31▼ 254.1% | -0.69▲ 47.3% | -0.18▲ 73.9% | -1.08▼ 500.0% | 3.52▲ 425.9% | 2.71▼ 23.0% | 3.06▲ 12.9% | 0.88▼ 71.2% | 1.43▲ 0% |
EPS Growth % | -408.33% | -254.05% | 47.33% | 73.91% | -500% | 425.93% | -23.01% | 12.92% | -71.24% | -41.67% |
EPS (Basic) | -0.37 | -1.31 | -0.69 | -0.18 | -1.08 | 3.63 | 2.76 | 3.09 | 0.89 | - |
Diluted Shares Outstanding | 33.44M | 32.84M | 33.1M | 33.44M | 33.88M | 38.36M | 41.82M | 42.04M | 40.81M | 40.86M |
Basic Shares Outstanding | 33.44M | 32.78M | 33.1M | 33.24M | 33.88M | 37.24M | 41.13M | 41.66M | 46.61M | 40.75M |
Dividend Payout Ratio | - | - | - | - | - | - | 40.37% | 33.89% | 37.41% | - |
ASC Balance Sheet
Ardmore Shipping Corporation (ASC) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 83.88M | 109.47M | 98.02M | 102.54M | 94.22M | 157.74M | 126.78M | 126.55M | 111.85M | 146.19M |
Cash & Short-Term Investments | 39.46M | 56.9M | 51.72M | 58.37M | 55.45M | 50.57M | 46.8M | 46.99M | 46.84M | 47.21M |
Cash Only | 39.46M | 56.9M | 51.72M | 58.37M | 55.45M | 50.57M | 46.8M | 46.99M | 46.84M | 47.21M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 27.26M | 28.25M | 30.08M | 17.81M | 20.3M | 79.84M | 56.23M | 60.87M | 47.54M | 52.78M |
Days Sales Outstanding | 50.79 | 49.05 | 47.73 | 29.54 | 38.5 | 65.38 | 51.83 | 54.75 | 55.94 | 58.19 |
Inventory | 9.63M | 12.81M | 10.16M | 10.27M | 11.1M | 15.72M | 12.56M | 11.31M | 8.91M | 13.04M |
Days Inventory Outstanding | 32.85 | 35.09 | 19.42 | 21.23 | 21.96 | 22.93 | 20.03 | 16.55 | 15.94 | 17.11 |
Other Current Assets | 0 | 10.22M | 4.11M | 13.58M | 3.82M | 9.45M | 4.35M | 4.3M | 4.87M | 33.15M |
Total Non-Current Assets | 761.66M | 735.29M | 674.42M | 649.46M | 630.32M | 566.12M | 564.17M | 578.25M | 676.87M | 643.42M |
Property, Plant & Equipment | 752.26M | 724.61M | 662.95M | 633.8M | 606.49M | 547.47M | 538.13M | 556.02M | 639.9M | 609.62M |
Fixed Asset Turnover | 0.26x | 0.29x | 0.35x | 0.35x | 0.32x | 0.81x | 0.74x | 0.73x | 0.48x | 0.53x |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long-Term Investments | 0 | 0 | 2.88M | 0 | 11.08M | 11.22M | 11.19M | 5.24M | 4.98M | 15.05M |
Other Non-Current Assets | 9.39M | 10.68M | 8.59M | 15.66M | 12.74M | 7.43M | 14.86M | 17M | 31.99M | 33.79M |
Total Assets | 845.54M▲ 0% | 844.76M▼ 0.1% | 772.44M▼ 8.6% | 752.01M▼ 2.6% | 724.53M▼ 3.7% | 723.86M▼ 0.1% | 690.95M▼ 4.5% | 704.8M▲ 2.0% | 788.72M▲ 11.9% | 789.6M▲ 0% |
Asset Turnover | 0.23x | 0.25x | 0.30x | 0.29x | 0.27x | 0.62x | 0.57x | 0.58x | 0.39x | 0.42x |
Asset Growth % | -4.31% | -0.09% | -8.56% | -2.64% | -3.65% | -0.09% | -4.55% | 2% | 11.91% | 31.78% |
Total Current Liabilities | 58.26M | 75.54M | 60.43M | 62.9M | 58.5M | 52.93M | 33.84M | 29.83M | 25.85M | 30.03M |
Accounts Payable | 16.1M | 8.6M | 4.79M | 9.13M | 8.58M | 8.81M | 2.02M | 6.07M | 5.07M | 12.25M |
Days Payables Outstanding | 54.93 | 23.54 | 9.16 | 18.86 | 16.98 | 12.86 | 3.22 | 8.88 | 9.06 | 12.73 |
Short-Term Debt | 37.07M | 22.83M | 20.22M | 22.46M | 15.1M | 12.93M | 6.44M | 0 | 0 | 585K |
Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 2.07M | 1.22M | 347K | 482K | 0 | 4.64M |
Other Current Liabilities | 6.26K | 0 | 0 | 397.42K | 0 | 0 | 0 | 0 | 1.6M | 15.74M |
Current Ratio | 1.44x | 1.45x | 1.62x | 1.63x | 1.61x | 2.98x | 3.75x | 4.24x | 4.33x | 4.87x |
Quick Ratio | 1.27x | 1.28x | 1.45x | 1.47x | 1.42x | 2.68x | 3.38x | 3.86x | 3.98x | 4.43x |
Cash Conversion Cycle | 28.71 | 60.6 | 58 | 31.91 | 43.48 | 75.45 | 68.65 | 62.42 | 62.81 | 62.57 |
Total Non-Current Liabilities | 406.31M | 422.64M | 385.95M | 368.77M | 337.03M | 164.49M | 82.67M | 39.55M | 128.54M | 104.79M |
Long-Term Debt | 367.35M | 205.52M | 187.07M | 188.05M | 130M | 115.87M | 39.59M | 38.8M | 127M | 103.36M |
Capital Lease Obligations | 38.96M | 217.12M | 198.89M | 180.28M | 206.09M | 47.61M | 42.12M | 476K | 1.27M | 5.43M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 0 | 0 | 0 | 433.97K | 943K | 1.01M | 954K | 273K | 268K | 268K |
Total Liabilities | 464.57M | 498.18M | 446.38M | 431.67M | 395.54M | 217.42M | 116.51M | 69.38M | 154.39M | 134.82M |
Total Debt | 446.92M | 471.8M | 424.43M | 409.71M | 372.55M | 184.62M | 93.99M | 44.24M | 128.87M | 105.11M |
Net Debt | 407.46M | 414.9M | 372.71M | 351.35M | 317.1M | 134.05M | 47.18M | -2.75M | 82.03M | 57.89M |
Debt / Equity | 1.17x | 1.36x | 1.30x | 1.28x | 1.13x | 0.36x | 0.16x | 0.07x | 0.20x | 0.16x |
Debt / EBITDA | 9.78x | 16.18x | 7.96x | 9.59x | 21.98x | 0.96x | 0.59x | 0.27x | 1.12x | 0.91x |
Net Debt / EBITDA | 8.91x | 14.23x | 6.99x | 8.22x | 18.71x | 0.69x | 0.30x | -0.02x | 0.71x | 0.50x |
Interest Coverage | 0.42x | -0.70x | 0.05x | 0.58x | -1.33x | 10.06x | 11.40x | 21.32x | 7.72x | 9.01x |
Total Equity | 380.97M▲ 0% | 346.58M▼ 9.0% | 326.06M▼ 5.9% | 320.33M▼ 1.8% | 329M▲ 2.7% | 506.44M▲ 53.9% | 574.44M▲ 13.4% | 635.42M▲ 10.6% | 634.34M▼ 0.2% | 654.79M▲ 0% |
Equity Growth % | -5.76% | -9.03% | -5.92% | -1.75% | 2.7% | 53.94% | 13.43% | 10.62% | -0.17% | -0.17% |
Book Value per Share | 11.39 | 10.55 | 9.85 | 9.58 | 9.71 | 13.20 | 13.74 | 15.11 | 15.54 | 16.03 |
Total Shareholders' Equity | 380.97M | 346.58M | 326.06M | 320.33M | 329M | 506.44M | 574.44M | 635.42M | 634.34M | 654.79M |
Common Stock | 340.61K | 350.19K | 350.19K | 352.07K | 364K | 426K | 433K | 440K | 443K | 444K |
Retained Earnings | -9.57M | -52.93M | -75.79M | -81.83M | -119.92M | 15.13M | 81.39M | 164.91M | 188.8M | 208.72M |
Treasury Stock | -15.35M | -15.35M | -15.35M | -15.64M | -15.64M | -15.64M | -15.64M | -33.52M | -33.52M | -33.52M |
Accumulated OCI | -110.3M | -135.4M | 0 | -729.13K | 1.04M | 1.47M | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ASC Cash Flow Statement
Ardmore Shipping Corporation (ASC) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 18.42M | 9.43M | 20.47M | 46.09M | -2.88M | 124.21M | 159.61M | 160.44M | 81.65M | 87.35M |
Operating CF Margin % | 9.4% | 4.48% | 8.9% | 20.95% | -1.5% | 27.87% | 40.31% | 39.54% | 26.32% | - |
Operating CF Growth % | -56.8% | -48.81% | 117.17% | 125.17% | -106.26% | 4405.27% | 28.5% | 0.52% | -49.11% | -99.96% |
Net Income | -12.49M | -42.94M | -22.86M | -6.05M | -36.83M | 138.45M | 116.81M | 133.01M | 41.01M | 58.34M |
Depreciation & Amortization | 34.27M | 35.14M | 32.32M | 32.19M | 31.7M | 29.28M | 31.36M | 30.24M | 40.41M | 42.28M |
Stock-Based Compensation | 457.05K | 1.64M | 2.33M | 3M | 2.61M | 3.06M | 3.22M | 4.65M | 0 | 0 |
Deferred Taxes | 0 | 6.16M | 13.09M | 6.67M | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 2.17M | 1.29M | 1.98M | 960.21K | 1.45M | 9.44M | -9.69M | -11.55M | -11.95M | 16.9M |
Working Capital Changes | -6M | 8.14M | -6.39M | 9.32M | -1.82M | -56.02M | 17.92M | 4.1M | 12.17M | -6.59M |
Change in Receivables | -4.12M | -195.33K | -2.62M | 12.27M | -4.22M | -59.56M | 23.61M | -4.64M | 13.33M | -4.7M |
Change in Inventory | -2.29M | -3.18M | 2.65M | -115.33K | -821.26K | -4.62M | 3.16M | 1.25M | 2.4M | -1.79M |
Change in Payables | 1.66M | 8.51M | -3.88M | 2.54M | 1.15M | -1.61M | -4.41M | 4.05M | 0 | 2.4M |
Cash from Investing | -2.28M | -17.56M | 23.89M | -20.99M | 1.63M | 35.41M | -26.84M | -32.97M | -121M | -124.63M |
Capital Expenditures | -2.02M | -17.41M | -2.6M | -20.9M | -2.73M | -3.81M | -25.38M | -61.02M | -120.72M | -124.6M |
CapEx % of Revenue | 1.03% | 8.28% | 1.13% | 9.5% | 1.42% | 0.85% | 6.41% | 15.04% | 38.92% | 38.44% |
Acquisitions | 0 | 0 | 26.67M | 0 | 9.89M | -588K | -1.24M | 1.65M | 0 | 0 |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | -262.47K | -151.62K | -177.95K | -88.63K | 0 | 39.81M | -208K | 26.4M | -284K | -27K |
Cash from Financing | -32.63M | 25.58M | -49.55M | -18.46M | -1.66M | -164.5M | -136.54M | -127.29M | 39.21M | 37.05M |
Debt Issued (Net) | -20.54M | 21.98M | -47.25M | -16.29M | -37.87M | -196.62M | -85.98M | -50.27M | 84.55M | 79.25M |
Equity Issued (Net) | -11.26M | 7.33M | 0 | -287K | 37.99M | 38.91M | 0 | -27.93M | 0 | 0 |
Dividends Paid | 0 | 0 | 0 | -1.66M | -792K | -3.29M | -50.55M | -48.88M | -15.34M | -15.59M |
Share Repurchases | -11.26M | 0 | 0 | -287K | -37.99M | 0 | 0 | -17.93M | 0 | 0 |
Other Financing | -826.84K | -3.74M | -2.3M | -220K | -980K | -3.5M | 0 | -200K | -30M | -26.61M |
Net Change in Cash | -16.5M▲ 0% | 17.45M▲ 205.8% | -5.18M▼ 129.7% | 6.64M▲ 228.2% | -2.92M▼ 143.9% | -4.88M▼ 67.3% | -3.76M▲ 22.9% | 183K▲ 104.9% | -143K▼ 178.1% | -233K▲ 0% |
Free Cash Flow | 16.4M▲ 0% | -7.98M▼ 148.7% | 17.87M▲ 324.0% | 25.19M▲ 40.9% | -5.52M▼ 121.9% | 120.4M▲ 2281.7% | 134.22M▲ 11.5% | 99.42M▼ 25.9% | -39.07M▼ 139.3% | -36.96M▲ 0% |
FCF Margin % | 8.37% | -3.8% | 7.77% | 11.45% | -2.87% | 27.01% | 33.9% | 24.5% | -12.6% | -11.4% |
FCF Growth % | 112.43% | -148.66% | 323.98% | 40.95% | -121.91% | 2281.66% | 11.48% | -25.93% | -139.3% | -142.32% |
FCF per Share | 0.49 | -0.24 | 0.54 | 0.75 | -0.16 | 3.14 | 3.21 | 2.36 | -0.96 | -0.90 |
FCF Conversion (FCF/Net Income) | -1.47x | -0.22x | -0.90x | -7.62x | 0.08x | 0.90x | 1.37x | 1.21x | 1.99x | -0.63x |
Interest Paid | 18.81M | 22.58M | 25.07M | 16.43M | 14.3M | 17.3M | 11.68M | 0 | 0 | 1.27M |
Taxes Paid | 58.74K | 139.85K | 54.73K | 139K | 198K | 51K | 537K | 0 | 0 | 36K |
ASC Key Ratios
Ardmore Shipping Corporation (ASC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | -3.18% | -11.8% | -6.8% | -1.87% | -11.34% | 33.15% | 21.61% | 21.99% | 6.46% | 9.01% |
Return on Invested Capital (ROIC) | 0.8% | -0.93% | 2.15% | - | -1.68% | 19.08% | 15.65% | 15.34% | 9.01% | 8.1% |
Gross Margin | 45.39% | 36.59% | 17% | 19.73% | 4.18% | 43.87% | 42.2% | 38.52% | 34.21% | 30.99% |
Net Margin | -6.37% | -20.43% | -9.94% | -2.75% | -19.14% | 31.06% | 29.5% | 32.78% | 13.22% | 18% |
Debt / Equity | 1.17x | 1.36x | 1.30x | 1.28x | 1.13x | 0.36x | 0.16x | 0.07x | 0.20x | 0.16x |
Interest Coverage | 0.42x | -0.70x | 0.05x | 0.58x | -1.33x | 10.06x | 11.40x | 21.32x | 7.72x | 9.01x |
FCF Conversion | -1.47x | -0.22x | -0.90x | -7.62x | 0.08x | 0.90x | 1.37x | 1.21x | 1.99x | -0.63x |
Revenue Growth | 19.18% | 7.27% | 9.45% | -4.34% | -12.53% | 131.57% | -11.16% | 2.48% | -23.56% | -13.22% |
Related:ASC Dividend History·ASC Revenue History·ASC Price History·ASC P/E History·ASC Financial Ratios·ASC Institutional Holders
ASC Frequently Asked Questions
Ardmore Shipping Corporation (ASC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Ardmore Shipping Corporation (ASC) reported $324.1M in revenue for fiscal year 2025. This represents a 1349% increase from $22.4M in 2011.
Ardmore Shipping Corporation (ASC) saw revenue decline by 23.6% over the past year.
Yes, Ardmore Shipping Corporation (ASC) is profitable, generating $58.3M in net income for fiscal year 2025 (13.2% net margin).
Dividend & Returns
Yes, Ardmore Shipping Corporation (ASC) pays a dividend with a yield of 2.20%. This makes it attractive for income-focused investors.
Ardmore Shipping Corporation (ASC) has a return on equity (ROE) of 6.5%. This is below average, suggesting room for improvement.
Ardmore Shipping Corporation (ASC) had negative free cash flow of $37.0M in fiscal year 2025, likely due to heavy capital investments.