Danaos Corporation (DAC) Financial Ratios
23 years of historical data (2003–2025) · Industrials · Marine Shipping
EV/EBITDA
↓
3.41
+9% vs avg
5yr avg: 3.12
30Y Low1.8·High16.1
P/FCF
↓
7.11
↓-13% vs avg
5yr avg: 8.22
30Y Low0.7·High21.2
P/B Ratio
↓
0.61
+20% vs avg
5yr avg: 0.51
30Y Low0.2·High2.3
ROE
↓
13.7%
↑-52% vs avg
5yr avg: 28.3%
30Y Low-55%·High67%
Debt/EBITDA
↓
1.64
+17% vs avg
5yr avg: 1.40
30Y Low0.6·High15.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DAC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Danaos Corporation trades at 4.7x earnings, 88% above its 5-year average of 2.5x, sitting at the 53rd percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a discount of 82%. On a free-cash-flow basis, the stock trades at 7.1x P/FCF, 13% below the 5-year average of 8.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.3B | $1.7B | $1.6B | $1.5B | $1.1B | $1.5B | $510M | $149M | $112M | $159M | $291M |
| Enterprise Value | $2.4B | $1.9B | $1.8B | $1.6B | $1.3B | $2.7B | $1.9B | $1.5B | $1.7B | $2.4B | $2.7B |
| P/E Ratio → | 4.71 | 3.52 | 3.07 | 2.56 | 1.93 | 1.46 | 5.48 | 2.61 | — | 1.90 | — |
| P/S Ratio | 2.20 | 1.67 | 1.53 | 1.51 | 1.09 | 2.23 | 1.11 | 0.33 | 0.24 | 0.35 | 0.58 |
| P/B Ratio | 0.61 | 0.46 | 0.45 | 0.49 | 0.42 | 0.74 | 0.49 | 0.17 | 0.16 | 0.29 | 0.60 |
| P/FCF | 7.11 | 5.40 | — | 4.78 | 1.47 | 21.23 | 5.37 | 0.75 | 0.71 | 0.90 | 1.13 |
| P/OCF | 3.70 | 2.81 | 2.50 | 2.56 | 1.15 | 3.59 | 1.92 | 0.68 | 0.68 | 0.88 | 1.11 |
P/E links to full P/E history page with 30-year chart
DAC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Danaos Corporation's enterprise value stands at 3.4x EBITDA, 9% above its 5-year average of 3.1x. The Industrials sector median is 13.9x, placing the stock at a 75% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.78 | 1.81 | 1.65 | 1.35 | 3.98 | 4.13 | 3.44 | 3.61 | 5.36 | 5.46 |
| EV / EBITDA | 3.41 | 2.63 | 2.68 | 2.33 | 1.83 | 6.13 | 6.34 | 5.02 | 15.79 | 7.83 | — |
| EV / EBIT | 4.83 | 3.43 | 3.45 | 2.69 | 2.10 | 2.43 | 9.21 | 7.53 | 31.38 | 13.91 | — |
| EV / FCF | — | 5.77 | — | 5.21 | 1.82 | 37.89 | 20.08 | 7.75 | 10.59 | 13.71 | 10.58 |
DAC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Danaos Corporation earns an operating margin of 47.8%, significantly above the Industrials sector average of 4.3%. Operating margins have compressed from 59.6% to 47.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 13.7% is modest. ROIC of 9.8% represents adequate returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 80.0% | 80.0% | 60.7% | 65.9% | 66.9% | 59.8% | 50.9% | 52.9% | 51.0% | 48.0% | 49.4% |
| Operating Margin | 47.8% | 47.8% | 53.3% | 59.6% | 65.8% | 52.0% | 43.2% | 45.0% | -2.6% | 41.5% | -42.7% |
| Net Profit Margin | 47.4% | 47.4% | 49.8% | 59.2% | 56.3% | 152.7% | 33.3% | 12.8% | -7.2% | 18.6% | -73.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.7% | 13.7% | 15.7% | 20.7% | 24.1% | 67.4% | 16.0% | 7.3% | -5.3% | 16.2% | -55.1% |
| ROA | 10.5% | 10.5% | 12.6% | 16.3% | 15.9% | 33.2% | 5.7% | 2.1% | -1.2% | 2.7% | -10.7% |
| ROIC | 9.8% | 9.8% | 11.8% | 14.6% | 16.0% | 9.4% | 6.4% | 6.7% | -0.4% | 4.9% | -4.9% |
| ROCE | 11.2% | 11.2% | 14.1% | 17.4% | 20.2% | 12.4% | 8.1% | 8.2% | -0.8% | 32.1% | -10.8% |
DAC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Danaos Corporation carries a Debt/EBITDA ratio of 1.6x, which is manageable (49% below the sector average of 3.2x). Net debt stands at $118M ($1.2B total debt minus $1.0B cash). Interest coverage of 11.6x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.30 | 0.30 | 0.21 | 0.13 | 0.21 | 0.64 | 1.41 | 1.73 | 2.35 | 4.25 | 5.14 |
| Debt / EBITDA | 1.64 | 1.64 | 1.07 | 0.59 | 0.72 | 2.99 | 4.86 | 4.99 | 15.47 | 7.53 | — |
| Net Debt / Equity | — | 0.03 | 0.08 | 0.04 | 0.10 | 0.58 | 1.35 | 1.58 | 2.24 | 4.12 | 4.98 |
| Net Debt / EBITDA | 0.17 | 0.17 | 0.41 | 0.19 | 0.36 | 2.70 | 4.64 | 4.54 | 14.73 | 7.31 | — |
| Debt / FCF | — | 0.37 | — | 0.43 | 0.36 | 16.67 | 14.71 | 7.00 | 9.87 | 12.81 | 9.45 |
| Interest Coverage | 11.62 | 11.62 | 17.84 | 29.16 | 10.29 | 16.35 | 3.71 | 2.73 | 0.59 | 1.91 | -2.33 |
DAC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Danaos Corporation's current ratio of 3.28x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 2.98x to 3.28x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.28 | 3.28 | 3.97 | 2.98 | 1.63 | 1.98 | 0.49 | 0.85 | 0.54 | 0.05 | 0.05 |
| Quick Ratio | 3.28 | 3.28 | 3.83 | 2.84 | 1.56 | 1.94 | 0.45 | 0.82 | 0.50 | 0.05 | 0.05 |
| Cash Ratio | 2.58 | 2.58 | 3.04 | 2.13 | 1.17 | 1.73 | 0.27 | 0.62 | 0.35 | 0.03 | 0.03 |
| Asset Turnover | — | 0.20 | 0.23 | 0.27 | 0.29 | 0.19 | 0.17 | 0.17 | 0.17 | 0.15 | 0.16 |
| Inventory Turnover | — | — | 16.67 | 13.56 | 20.40 | 22.03 | 23.57 | 24.79 | 25.28 | 26.56 | 22.15 |
| Days Sales Outstanding | — | 13.56 | 33.31 | 27.51 | 20.14 | 20.07 | 22.13 | 5.83 | 7.34 | 32.73 | 29.76 |
DAC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Danaos Corporation returns 6.0% to shareholders annually — split between a 2.7% dividend yield and 3.3% buyback yield. The payout ratio of 12.8% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 21.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.7% | 3.7% | 4.0% | 4.1% | 5.7% | 2.0% | — | — | — | — | — |
| Payout Ratio | 12.8% | 12.8% | 12.4% | 10.5% | 11.0% | 2.9% | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 21.2% | 28.4% | 32.5% | 39.1% | 51.8% | 68.5% | 18.2% | 38.3% | — | 52.7% | — |
| FCF Yield | 14.1% | 18.5% | — | 20.9% | 68.1% | 4.7% | 18.6% | 133.3% | 140.3% | 110.9% | 88.5% |
| Buyback Yield | 3.3% | 4.4% | 3.4% | 4.8% | 2.6% | 0.0% | 6.1% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.0% | 8.0% | 7.5% | 8.9% | 8.3% | 2.0% | 6.1% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $18M | $19M | $20M | $21M | $21M | $24M | $16M | $11M | $8M | $8M |
Peer Comparison
Compare DAC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 DACYou | $2B | 4.7 | 3.4 | 7.1 | 80.0% | 47.8% | 13.7% | 9.8% | 1.6 |
 ZIM | $3B | 6.1 | 3.6 | 1.8 | 16.8% | 12.2% | 11.9% | 7.3% | 2.7 |
 GSL | $1B | 3.3 | 3.3 | 3.8 | 53.6% | 50.7% | 25.5% | 14.0% | 1.3 |
 MATX | $6B | 13.8 | 8.0 | 37.8 | 22.8% | 14.0% | 16.4% | 10.8% | 0.9 |
 SBLK | $3B | 35.4 | 11.4 | 14.0 | 22.5% | 13.5% | 3.4% | 3.2% | 3.5 |
 CMRE | $2B | 5.3 | 4.7 | 3.9 | 57.3% | 51.7% | 15.4% | 9.3% | 2.5 |
 SB | $682M | 22.3 | 8.3 | 11.3 | 35.9% | 25.1% | 4.6% | 4.1% | 4.2 |
 TOPS | $4M | 0.8 | 4.9 | 0.2 | 43.7% | 32.4% | 3.1% | 5.3% | 4.9 |
 ESEA | $484M | 3.5 | 3.3 | 7.6 | 63.5% | 57.0% | 33.1% | 19.5% | 1.4 |
 MPWR | $77B | 122.6 | 97.1 | 115.3 | 55.2% | 26.1% | 18.4% | 22.2% | 0.0 |
 KEX | $8B | 22.2 | 11.6 | 18.6 | 26.3% | 14.6% | 10.5% | 8.2% | 1.7 |
| Industrials Median | — | 25.5 | 13.9 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 23 years · Updated daily
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DAC — Frequently Asked Questions
Quick answers to the most common questions about buying DAC stock.
What is Danaos Corporation's P/E ratio?
Danaos Corporation's current P/E ratio is 4.7x. The historical average is 6.5x. This places it at the 53th percentile of its historical range.
What is Danaos Corporation's EV/EBITDA?
Danaos Corporation's current EV/EBITDA is 3.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.9x.
What is Danaos Corporation's ROE?
Danaos Corporation's return on equity (ROE) is 13.7%. The historical average is 12.6%.
Is DAC stock overvalued?
Based on historical data, Danaos Corporation is trading at a P/E of 4.7x. This is at the 53th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Danaos Corporation's dividend yield?
Danaos Corporation's current dividend yield is 2.73% with a payout ratio of 12.8%.
What are Danaos Corporation's profit margins?
Danaos Corporation has 80.0% gross margin and 47.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Danaos Corporation have?
Danaos Corporation's Debt/EBITDA ratio is 1.6x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.