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NVGS logoNavigator Holdings Ltd.(NVGS)Earnings, Financials & Key Ratios

NVGS•NYSE
$22.66
$1.48B mkt cap·15.4× P/E·Price updated May 6, 2026
SectorEnergyIndustryMidstream Oil & GasSub-IndustryMarine Tanker Shipping
AboutNavigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. The company provides international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gases, and ammonia for energy companies, industrial users, and commodity traders. As of April 14, 2022, it operated a fleet of 53 semi- or fully-refrigerated liquefied gas carriers. The company was founded in 1997 and is based in London, the United Kingdom.Show more
  • Revenue$587M+3.6%
  • EBITDA$275M-0.4%
  • Net Income$100M+17.0%
  • EPS (Diluted)1.47+23.5%
  • Gross Margin30.08%-46.6%
  • EBITDA Margin46.8%-3.9%
  • Operating Margin23.89%-5.5%
  • Net Margin17.06%+13.0%
  • ROE8%+15.9%
  • ROIC5.72%-5.7%
  • Debt/Equity0.72+47.5%
  • Interest Coverage2.51+2.5%
Technical→

NVGS Key Insights

Navigator Holdings Ltd. (NVGS) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 12.0%
  • ✓Share count reduced 5.3% through buybacks
  • ✓Healthy 5Y average net margin of 10.2%
  • ✓Trading near 52-week high
  • ✓Trading at only 1.2x book value

✗Weaknesses

  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

NVGS Price & Volume

Navigator Holdings Ltd. (NVGS) stock price & volume — 10-year historical chart

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NVGS Growth Metrics

Navigator Holdings Ltd. (NVGS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years6.41%
5 Years12.04%
3 Years7.4%
TTM3.58%

Profit CAGR

10 Years0.2%
5 Years-
3 Years23.25%
TTM17%

EPS CAGR

10 Years-1.78%
5 Years162.47%
3 Years28.67%
TTM23.33%

Return on Capital

10 Years3.9%
5 Years4.9%
3 Years7.18%
Last Year7.21%

NVGS Recent Earnings

Navigator Holdings Ltd. (NVGS) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 3/12 qtrs (25%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
Mar 11, 2026
EPS
$0.32
Est $0.39
-17.9%
Revenue
$139M
Est $142M
-1.8%
Q4 2025
Nov 4, 2025
EPS
$0.36
Est $0.36
+0.0%
Revenue
$153M
Est $138M
+10.7%
Q3 2025
Aug 12, 2025
EPS
$0.14
Est $0.36
-61.1%
Revenue
$130M
Est $122M
+6.0%
Q2 2025
May 14, 2025
EPS
$0.36
Est $0.30
+20.0%
Revenue
$151M
Est $135M
+12.2%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMar 11, 2026
$0.32vs $0.39-17.9%
$139Mvs $142M-1.8%
Q4 2025Nov 4, 2025
$0.36vs $0.36+0.0%
$153Mvs $138M+10.7%
Q3 2025Aug 12, 2025
$0.14vs $0.36-61.1%
$130Mvs $122M+6.0%
Q2 2025May 14, 2025
$0.36vs $0.30+20.0%
$151Mvs $135M+12.2%
Based on last 12 quarters of dataView full earnings history →

NVGS Peer Comparison

Navigator Holdings Ltd. (NVGS) competitors in Marine Tanker Shipping — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
GLNG logoGLNGGolar LNG LimitedDirect Competitor5.71B54.6684.0951.14%16.69%3.18%1.33
FLNG logoFLNGFLEX LNG Ltd.Direct Competitor1.73B31.9423.14-2.44%21.52%10.4%2.57
CLCO logoCLCOCool Company Ltd.Direct Competitor511.23M9.675.31-10.76%17.84%7.48%1.72
GASS logoGASSStealthGas Inc.Direct Competitor369.67M9.985.913.53%35.02%9.08%0.00
BWLP logoBWLPBW LPG LimitedDirect Competitor3.01B19.8612.113.47%6.68%12.61%0.51
DLNG logoDLNGDynagas LNG Partners LPProduct Competitor140.07M3.853.67-2.54%37.92%12.73%0.66
KNOP logoKNOPKNOT Offshore Partners LPProduct Competitor379.94M11.1653.147.54%14.69%8.51%1.48
TK logoTKTeekay CorporationProduct Competitor1.14B13.629.59-16.7%7.95%4.04%0.03

Compare NVGS vs Peers

Navigator Holdings Ltd. (NVGS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs GLNG

Most directly comparable listed peer for NVGS.

Scale Benchmark

vs LNG

Larger-name benchmark to compare NVGS against a more recognizable public peer.

Peer Set

Compare Top 5

vs GLNG, FLNG, CLCO, GASS

NVGS Income Statement

Navigator Holdings Ltd. (NVGS) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue298.6M310.05M301.38M332.5M406.48M473.79M550.74M566.68M586.96M
Revenue Growth %1.52%3.84%-2.79%10.32%22.25%16.56%16.24%2.89%3.58%
Cost of Goods Sold230.1M244.49M242.96M261.97M312.54M384.88M380.22M247.18M410.39M
COGS % of Revenue77.06%78.86%80.61%78.79%76.89%81.23%69.04%43.62%69.92%
Gross Profit
68.5M▲ 0%
65.55M▼ 4.3%
58.43M▼ 10.9%
70.52M▲ 20.7%
93.95M▲ 33.2%
88.92M▼ 5.4%
170.51M▲ 91.8%
319.5M▲ 87.4%
176.57M▼ 44.7%
Gross Margin %22.94%21.14%19.39%21.21%23.11%18.77%30.96%56.38%30.08%
Gross Profit Growth %-30.65%-4.3%-10.87%20.7%33.22%-5.35%91.77%87.38%-44.74%
Operating Expenses21.32M24.07M25.82M28.77M96.9M28.25M33.28M176.32M36.35M
OpEx % of Revenue7.14%7.76%8.57%8.65%23.84%5.96%6.04%31.11%6.19%
Selling, General & Admin21.32M24.07M20.88M23.87M28.88M27.44M31.21M36.58M36.35M
SG&A % of Revenue7.14%7.76%6.93%7.18%7.11%5.79%5.67%6.46%6.19%
Research & Development000000000
R&D % of Revenue---------
Other Operating Expenses004.94M4.9M68.02M815K2.07M139.74M0
Operating Income
47.18M▲ 0%
41.48M▼ 12.1%
32.61M▼ 21.4%
41.75M▲ 28.0%
-2.95M▼ 107.1%
60.66M▲ 2155.6%
137.23M▲ 126.2%
143.18M▲ 4.3%
140.22M▼ 2.1%
Operating Margin %15.8%13.38%10.82%12.56%-0.73%12.8%24.92%25.27%23.89%
Operating Income Growth %-39.48%-12.09%-21.38%28.04%-107.07%2155.64%126.23%4.34%-2.07%
EBITDA120.77M117.62M108.78M118.44M85.53M186.88M266.44M275.91M274.72M
EBITDA Margin %40.45%37.94%36.09%35.62%21.04%39.44%48.38%48.69%46.8%
EBITDA Growth %-13.88%-2.61%-7.51%8.87%-27.78%118.49%42.57%3.56%-0.43%
D&A (Non-Cash Add-back)73.59M76.14M76.17M76.68M88.49M126.22M129.2M132.72M134.5M
EBIT47.18M41.48M33.48M42.36M288K83.04M135.5M137.69M140.22M
Net Interest Income-37.17M-44.05M-47.69M-40.67M-38.38M-46.92M-59.21M-49.9M-49.96M
Interest Income519K854K920K408K302K1.08M5.71M6.24M5.82M
Interest Expense37.69M44.91M48.61M41.08M38.68M48M64.92M56.14M55.78M
Other Income/Expense-41.48M-46.89M-47.74M-39.82M-24.3M165K-46.04M-44.72M-21.86M
Pretax Income
5.71M▲ 0%
-5.41M▼ 194.7%
-15.13M▼ 179.9%
1.93M▲ 112.8%
-27.25M▼ 1511.8%
60.83M▲ 323.2%
91.2M▲ 49.9%
98.46M▲ 8.0%
118.36M▲ 20.2%
Pretax Margin %1.91%-1.74%-5.02%0.58%-6.7%12.84%16.56%17.38%20.16%
Income Tax397K333K352K617K1.97M5.95M4.33M4.37M12.49M
Effective Tax Rate %6.96%-6.16%-2.33%31.97%-7.23%9.78%4.74%4.43%10.55%
Net Income
5.31M▲ 0%
-5.74M▼ 208.1%
-16.71M▼ 191.1%
-443K▲ 97.3%
-30.96M▼ 6889.6%
53.47M▲ 272.7%
82.25M▲ 53.8%
85.57M▲ 4.0%
100.12M▲ 17.0%
Net Margin %1.78%-1.85%-5.54%-0.13%-7.62%11.29%14.94%15.1%17.06%
Net Income Growth %-88.1%-208.08%-191.1%97.35%-6889.62%272.69%53.83%4.03%17%
Net Income (Continuing)5.31M-5.74M-16.61M1.31M-29.22M54.88M86.87M94.1M105.87M
Discontinued Operations000000000
Minority Interest0099K1.85M3.6M10.92M42.8M40.9M29.9M
EPS (Diluted)
0.10▲ 0%
-0.10▼ 200.0%
-0.28▼ 180.0%
0.01▲ 104.2%
-0.58▼ 5015.3%
0.69▲ 219.0%
1.10▲ 59.4%
1.19▲ 8.2%
1.47▲ 23.5%
EPS Growth %-87.5%-200%-180%104.21%-5015.25%218.97%59.42%8.18%23.53%
EPS (Basic)0.10-0.10-0.280.01-0.580.691.111.201.49
Diluted Shares Outstanding55.88M55.63M55.79M55.89M64.67M77.56M74.61M71.84M68.04M
Basic Shares Outstanding55.51M55.63M55.79M55.89M64.67M77.23M74.1M71.91M67.33M
Dividend Payout Ratio------8.92%16.66%14.74%

NVGS Balance Sheet

Navigator Holdings Ltd. (NVGS) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets112.14M118.13M126.13M136.54M215.34M228.32M255.37M220.38M295.45M
Cash & Short-Term Investments62.11M71.52M64.02M59.27M123.89M146.56M149.58M130.46M204.87M
Cash Only62.11M71.52M64.02M59.27M123.89M146.56M149.58M130.46M204.87M
Short-Term Investments000000000
Accounts Receivable30.68M21.78M32.68M46.82M61.65M45.43M71.02M52.01M55.7M
Days Sales Outstanding37.525.6439.5851.455.363547.0733.534.64
Inventory8.01M8.79M9.64M8.43M13.17M8.55M9.04M13.75M15.41M
Days Inventory Outstanding12.713.1214.4911.7415.388.118.6820.3113.71
Other Current Assets15.79M6.04M2.11M22.02M337K27.79M25.73M24.17M19.47M
Total Non-Current Assets1.74B1.71B1.75B1.7B1.94B1.87B1.95B1.96B1.98B
Property, Plant & Equipment1.74B1.67B1.62B1.55B1.76B1.7B1.76B1.7B1.72B
Fixed Asset Turnover0.17x0.19x0.19x0.21x0.23x0.28x0.31x0.33x0.34x
Goodwill000000000
Intangible Assets000277K400K239K332K406K360K
Long-Term Investments042.46M130.66M148.66M150.21M148.53M174.91M253.73M249.31M
Other Non-Current Assets0002.04M26.98M23.33M14.67M8.44M16.05M
Total Assets
1.85B▲ 0%
1.83B▼ 1.1%
1.87B▲ 2.3%
1.84B▼ 1.9%
2.16B▲ 17.3%
2.1B▼ 2.8%
2.2B▲ 5.1%
2.18B▼ 1.0%
2.28B▲ 4.5%
Asset Turnover0.16x0.17x0.16x0.18x0.19x0.23x0.25x0.26x0.26x
Asset Growth %7.48%-1.14%2.26%-1.86%17.29%-2.81%5.05%-1%4.52%
Total Current Liabilities110.43M105.39M109.51M107.22M204.34M159.62M185.44M318.77M250.95M
Accounts Payable8.07M10.78M10.47M8.56M11.6M7.77M11.64M13.82M12.64M
Days Payables Outstanding12.816.115.7311.9313.557.3711.1820.4111.24
Short-Term Debt81.56M68.86M64.7M66.94M148.57M99.01M00169.27M
Deferred Revenue (Current)4.82M8.34M14.15M11.6M18.51M23.11M25.62M24.51M27.28M
Other Current Liabilities00020.11M00120.33M250.09M41.75M
Current Ratio1.02x1.12x1.15x1.27x1.05x1.43x1.38x0.69x1.18x
Quick Ratio0.94x1.04x1.06x1.19x0.99x1.38x1.33x0.65x1.12x
Cash Conversion Cycle37.422.6638.3451.2157.1935.7344.5733.437.1
Total Non-Current Liabilities780.24M772.25M824.85M789.79M835.64M763.7M784.17M615.49M771.43M
Long-Term Debt780.24M767.09M744.69M720.33M771.03M707.28M732.31M603.44M732.14M
Capital Lease Obligations006.33M5.23M522K4.03M3.5M2.57M1.64M
Deferred Tax Liabilities0-599.68M00408K4.25M7.02M9.48M19.65M
Other Non-Current Liabilities05.15M73.82M64.23M63.68M48.14M41.34M00
Total Liabilities890.67M877.64M934.35M897.01M1.04B923.33M969.61M934.26M1.02B
Total Debt861.8M835.95M816.9M792.5M920.5M810.54M736.73M607.2M903.05M
Net Debt799.69M764.43M752.88M733.23M796.62M663.98M587.14M476.74M698.18M
Debt / Equity0.89x0.88x0.87x0.84x0.82x0.69x0.60x0.49x0.72x
Debt / EBITDA7.14x7.11x7.51x6.69x10.76x4.34x2.77x2.20x3.29x
Net Debt / EBITDA6.62x6.50x6.92x6.19x9.31x3.55x2.20x1.73x2.54x
Interest Coverage1.25x0.92x0.69x1.03x0.01x1.73x2.09x2.45x2.51x
Total Equity
963.21M▲ 0%
955.11M▼ 0.8%
939.9M▼ 1.6%
942.39M▲ 0.3%
1.12B▲ 18.6%
1.17B▲ 5.0%
1.23B▲ 5.1%
1.25B▲ 1.1%
1.26B▲ 0.8%
Equity Growth %0.7%-0.84%-1.59%0.27%18.58%5.01%5.08%1.08%0.83%
Book Value per Share17.2417.1716.8516.8617.2815.1316.5317.3518.47
Total Shareholders' Equity963.21M955.11M939.8M940.54M1.11B1.16B1.19B1.21B1.23B
Common Stock555K557K558K559K772K769K733K695K653K
Retained Earnings373.5M364.41M347.57M346.97M316.01M364M390.22M404.52M427.16M
Treasury Stock000000000
Accumulated OCI-277K-363K-331K-245K-253K-463K-152K-548K-408K
Minority Interest0099K1.85M3.6M10.92M42.8M40.9M29.9M

NVGS Cash Flow Statement

Navigator Holdings Ltd. (NVGS) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations75.92M77.52M49.7M44.88M97.94M130.31M174.7M210.52M219.49M
Operating CF Margin %25.43%25%16.49%13.5%24.09%27.5%31.72%37.15%37.39%
Operating CF Growth %-12.48%2.1%-35.88%-9.7%118.23%33.05%34.07%20.5%4.26%
Net Income5.31M-5.74M-16.61M1.31M-29.22M54.88M82.25M85.57M100.12M
Depreciation & Amortization73.59M76.14M76.17M76.68M88.49M126.22M129.2M132.72M134.5M
Stock-Based Compensation1.41M1.07M1.5M1.25M1.37M869K1.28M1.33M0
Deferred Taxes2.5M2.82M0003.84M2.36M010.17M
Other Non-Cash Items2.44M-4.15M-11M-6.5M32.52M-71.4M-22.37M-26.16M-25.7M
Working Capital Changes-9.33M7.37M-368K-27.86M4.78M15.9M-18.03M17.06M398K
Change in Receivables-7.83M-2.14M-7.07M-12.89M20.68M13.66M-33.05M-800K-11.29M
Change in Inventory-1.07M-781K-856K1.22M-2.7M3.96M-496K-4.71M-1.66M
Change in Payables-6.04M7.66M7.55M-4.12M3.21M10.48M4.5M3.31M11.95M
Cash from Investing-183.03M-42.33M-90.41M-16.15M33.06M35.64M-176.48M-100.99M-94.93M
Capital Expenditures-184.29M-830K-3.27M-2.26M-3.54M-45.77M-191.96M-41.4M-153.6M
CapEx % of Revenue61.72%0.27%1.08%0.68%0.87%9.66%34.86%7.31%26.17%
Acquisitions0-42.5M-89.32M-17.35M13.48M44.68M0051.83M
Investments---------
Other Investing1.27M1M2.18M3.47M23.12M85.41M52.04M-58.34M12.08M
Cash from Financing111.94M-25.78M35.32M-35.38M-66.09M-134.14M6.81M-126.01M-58.21M
Debt Issued (Net)115.82M-24.75M41.2M-31.25M-66.07M-115.46M39.16M-51.63M43.21M
Equity Issued (Net)00000-5.49M-48.74M-57.05M-62.72M
Dividends Paid000000-7.33M-14.25M-14.76M
Share Repurchases00000-5.49M-48.74M-57.05M-62.72M
Other Financing-3.88M-1.03M-5.88M-4.13M-26K-13.2M23.72M-3.08M-23.95M
Net Change in Cash
4.84M▲ 0%
9.41M▲ 94.5%
-5.38M▼ 157.3%
-6.86M▼ 27.4%
64.95M▲ 1047.0%
28.97M▼ 55.4%
5.05M▼ 82.6%
-18.45M▼ 465.4%
65.07M▲ 452.8%
Free Cash Flow
-108.37M▲ 0%
76.69M▲ 170.8%
46.43M▼ 39.5%
42.62M▼ 8.2%
94.4M▲ 121.5%
84.54M▼ 10.4%
-17.26M▼ 120.4%
169.12M▲ 1080.0%
65.89M▼ 61.0%
FCF Margin %-36.29%24.73%15.41%12.82%23.22%17.84%-3.13%29.84%11.23%
FCF Growth %33.38%170.76%-39.45%-8.22%121.52%-10.45%-120.41%1079.96%-61.04%
FCF per Share-1.941.380.830.761.461.09-0.232.350.97
FCF Conversion (FCF/Net Income)14.30x-13.51x-2.97x-101.31x-3.16x2.44x2.12x2.46x2.19x
Interest Paid35.89M41.47M44.86M37.62M33.02M48.6M62.11M53.79M0
Taxes Paid515K176K323K330K579K2.44M1.8M1.94M0

NVGS Key Ratios

Navigator Holdings Ltd. (NVGS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)4.78%0.55%-0.6%-1.76%-0.05%-3.01%4.67%6.84%6.9%8%
Return on Invested Capital (ROIC)3.78%2.08%1.79%1.43%1.86%-0.12%2.43%5.63%6.06%5.72%
Gross Margin33.58%22.94%21.14%19.39%21.21%23.11%18.77%30.96%56.38%30.08%
Net Margin15.18%1.78%-1.85%-5.54%-0.13%-7.62%11.29%14.94%15.1%17.06%
Debt / Equity0.78x0.89x0.88x0.87x0.84x0.82x0.69x0.60x0.49x0.72x
Interest Coverage2.42x1.25x0.92x0.69x1.03x0.01x1.73x2.09x2.45x2.51x
FCF Conversion1.94x14.30x-13.51x-2.97x-101.31x-3.16x2.44x2.12x2.46x2.19x
Revenue Growth-6.7%1.52%3.84%-2.79%10.32%22.25%16.56%16.24%2.89%3.58%

NVGS Frequently Asked Questions

Navigator Holdings Ltd. (NVGS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Navigator Holdings Ltd. (NVGS) reported $587.0M in revenue for fiscal year 2025. This represents a 1042% increase from $51.4M in 2007.

Navigator Holdings Ltd. (NVGS) grew revenue by 3.6% over the past year. Growth has been modest.

Yes, Navigator Holdings Ltd. (NVGS) is profitable, generating $100.1M in net income for fiscal year 2025 (17.1% net margin).

Dividend & Returns

Yes, Navigator Holdings Ltd. (NVGS) pays a dividend with a yield of 0.96%. This makes it attractive for income-focused investors.

Navigator Holdings Ltd. (NVGS) has a return on equity (ROE) of 8.0%. This is below average, suggesting room for improvement.

Navigator Holdings Ltd. (NVGS) generated $53.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More NVGS

Navigator Holdings Ltd. (NVGS) financial analysis — history, returns, DCA and operating performance tools

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