Vantage Corp demonstrates resilient profitability with a 46.17% gross margin, though top-line growth is currently pressured by a 6.7% year-over-year revenue decline.
| Metric | Mar'25 | Mar'24 | Mar'23 |
|---|
| Sales/Revenue | 18.66M | 20M | 23.99M |
| Revenue Growth % | -6.7% | -16.62% | - |
| Cost of Goods Sold | 10.04M | 10.56M | 15.18M |
| COGS % of Revenue | 53.83% | 52.81% | 63.27% |
| Gross Profit | 8.61M | 9.44M | 8.81M |
| Gross Margin % | 46.17% | 47.19% | 36.73% |
| Gross Profit Growth % | -8.73% | 7.13% | - |
| Operating Expenses | 4.2M | 3.6M | 2.51M |
| OpEx % of Revenue | 22.52% | 18% | 10.45% |
| Selling, General & Admin | 3.93M | 3.43M | 2.34M |
| SG&A % of Revenue | 21.06% | 17.13% | 9.75% |
| Research & Development | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - |
| Other Operating Expenses | 272.73K | 175.49K | 167.61K |
| Operating Income | 4.41M | 5.84M | 6.3M |
| Operating Margin % | 23.65% | 29.19% | 26.28% |
| Operating Income Growth % | -24.4% | -7.41% | - |
| EBITDA | 4.69M | 6.01M | 6.47M |
| EBITDA Margin % | 25.11% | 30.07% | 26.98% |
| EBITDA Growth % | -22.07% | -7.09% | - |
| D&A (Non-Cash Add-back) | 272.73K | 175.49K | 167.61K |
| EBIT | 4.68M | 6.01M | 7.03M |
| Net Interest Income | 13.51K | 141.39K | 111.2K |
| Interest Income | 25.83K | 150.65K | 115.07K |
| Interest Expense | 12.32K | 9.27K | 3.87K |
| Other Income/Expense | 255.63K | 162.25K | 716.65K |
| Pretax Income | 4.67M | 6M | 7.02M |
| Pretax Margin % | 25.02% | 30% | 29.27% |
| Income Tax | 825.93K | 1.05M | 1.16M |
| Effective Tax Rate % | 17.69% | 17.43% | 16.52% |
| Net Income | 3.84M | 4.95M | 5.86M |
| Net Margin % | 20.6% | 24.77% | 24.44% |
| Net Income Growth % | -22.44% | -15.47% | - |
| Net Income (Continuing) | 3.84M | 4.95M | 5.86M |
| Discontinued Operations | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 |
| EPS (Diluted) | 0.00 | 0.00 | 0.00 |
| EPS Growth % | - | - | - |
| EPS (Basic) | 0.00 | 0.00 | 0.00 |
| Diluted Shares Outstanding | 0 | 0 | 0 |
| Basic Shares Outstanding | 0 | 0 | 0 |
| Dividend Payout Ratio | 297.29% | 42.39% | 13.99% |
Regional tanker market volatility
As reported in recent financial disclosures, VNTG experienced a 6.7% year-over-year revenue contraction, signaling that the firm's specialized tanker brokerage and consultancy services are currently facing significant headwinds within the highly concentrated Singapore and Dubai maritime trade corridors that underpin the company's primary revenue generation model.
The decline suggests that the firm's transactional volume is sensitive to the cyclical nature of Middle East-Asia energy flows. Investors should monitor whether this contraction reflects a temporary lull in regional chartering activity or a more structural shift in how clients utilize brokerage services.
Based on the company's reported figures, VNTG maintains a robust gross margin of 46.17%, which appears to validate the firm's pricing power as a specialized provider of high-touch logistical consultancy and vessel deployment strategies within the competitive tanker market segment.
This margin profile indicates that the firm successfully differentiates its service offering from commoditized brokerage competitors. However, the sustainability of these margins may be tested if the industry continues to move toward automated chartering platforms that could erode the value of proprietary market intelligence.
According to the firm's income statement data, VNTG operates with an operating margin of 23.65%, suggesting that the costs of maintaining a physical presence in high-cost hubs like Singapore and Dubai represent the primary constraint on the firm's ability to convert gross profit into net income.
The firm's asset-light model relies heavily on specialized human capital, making broker compensation a critical variable in the cost structure. Management's ability to maintain these margins despite revenue contraction implies a disciplined approach to managing administrative overhead and performance-based incentives.
As indicated by the reported 20.60% net margin, VNTG demonstrates a highly efficient conversion of revenue to bottom-line profit, which appears to be supported by a conservative capital allocation strategy that prioritizes liquidity over aggressive, high-risk expansion in a volatile maritime environment.
The net margin performance suggests that the firm's consultancy and operational support services provide a stable earnings base that helps mitigate the inherent volatility of spot-market brokerage commissions. Analysts should remain cautious regarding the timing of revenue recognition, as broker bonuses and project-based fees may create quarterly earnings noise.
Quick answers to the most common questions about buying VNTG stock.
For fiscal year 2025, Vantage Corp (VNTG) reported total revenue of $18.7M. This represents a 22.2% decline compared to $24.0M in 2023.
Vantage Corp (VNTG) is profitable, generating $3.8M in net income for the fiscal year ending 2025 with a net profit margin of 20.6%.
Vantage Corp (VNTG) reported an operating income of $4.4M, resulting in an operating profit margin of 23.7%. This margin reflects the operational efficiency of the business before interest and taxes.
Vantage Corp (VNTG) generated $8.6M in gross profit for the year, representing a gross profit margin of 46.2%. This demonstrates the company's core pricing power and production efficiency.