Ardmore Shipping Corporation (ASC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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ASC Revenue Growth
ASC Revenue Analysis (2014–2025)
As of May 8, 2026, Ardmore Shipping Corporation (ASC) generated trailing twelve-month (TTM) revenue of $310.2 million, reflecting modest growth of +1.1% year-over-year. The most recent quarter (Q4 2025) recorded $82.9 million in revenue, up 2.1% sequentially.
Looking at the longer-term picture, ASC's 5-year compound annual growth rate (CAGR) stands at +7.1%, indicating steady revenue expansion. The company achieved its highest annual revenue of $445.7 million in 2022.
When compared to Industrials sector peers including STNG (-2.8% YoY), TRMD (-21.3% YoY), and INSW (-21.5% YoY), ASC has outperformed the peer group in terms of revenue growth. Compare ASC vs STNG →
ASC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ASCCurrent | $310M | +1.1% | +7.1% | 26.1% | |
 STNG | $938M | -2.8% | +0.5% | 33.0% | |
 TRMD | $1.6B | -21.3% | +17.6% | 42.3% | |
 INSW | $843M | -21.5% | +14.9% | 36.3% | |
 TK | $1.2B | -26.0% | -8.7% | 29.9% | |
 TNK | $952M | -26.3% | +1.4% | 22.6% |
ASC Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $310.2M | -23.6% | $106.1M | 34.2% | $81.0M | 26.1% |
| 2024 | $405.8M | +2.5% | $156.3M | 38.5% | $128.3M | 31.6% |
| 2023 | $396.0M | -11.2% | $167.1M | 42.2% | $131.7M | 33.3% |
| 2022 | $445.7M | +131.6% | $195.5M | 43.9% | $163.6M | 36.7% |
| 2021 | $192.5M | -12.5% | $8.0M | 4.2% | $-14,756,000 | -7.7% |
| 2020 | $220.1M | -4.3% | $43.4M | 19.7% | $0 | - |
| 2019 | $230.0M | +9.5% | $39.1M | 17.0% | $21.0M | 9.1% |
| 2018 | $210.2M | +7.3% | $76.9M | 36.6% | $-9,616,322 | -4.6% |
| 2017 | $195.9M | +19.2% | $88.9M | 45.4% | $8.5M | 4.3% |
| 2016 | $164.4M | +4.1% | $97.2M | 59.1% | $24.0M | 14.6% |
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Start ComparisonASC — Frequently Asked Questions
Quick answers to the most common questions about buying ASC stock.
Is ASC's revenue growth accelerating or slowing?
ASC revenue growth slowed to +1.1%, below the 5-year CAGR of +7.1%. TTM revenue is $310M. The deceleration marks a shift from historical growth rates.
What is ASC's long-term revenue growth rate?
Ardmore Shipping Corporation's 5-year revenue CAGR of +7.1% reflects the variable expansion pattern. Current YoY growth of +1.1% is near this long-term average.
How is ASC's revenue distributed by segment?
ASC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.