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Stocks · Industrials · Deep Sea Foreign Transportation of Freight

Ardmore Shipping Corp

ASC Clue Score46
Marshall Islands Fiscal year ends December CIK 0001577437
$19.28 -0.98% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $19.28 +389.34% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue164.4Operating income24.0Net income3.7Fiscal year 2017Revenue195.9 +19.2%Operating income8.5Net income−12.5 −433.3%Fiscal year 2018Revenue210.2 +7.3%Operating income−9.6Net income−42.9Fiscal year 2019Revenue230.0 +9.5%Net income−22.9EPS, diluted−0.69Fiscal year 2020Revenue220.1 −4.3%Net income−6.0EPS, diluted−0.18Fiscal year 2021Revenue192.5 −12.5%Net income−36.8EPS, diluted−1.12Fiscal year 2022Revenue445.7 +131.6%Net income138.5EPS, diluted3.52Fiscal year 2023Revenue396.0 −11.2%Net income116.8 −15.6%EPS, diluted2.71 −23.0%Fiscal year 2024Revenue405.8 +2.5%Net income133.0 +13.9%EPS, diluted3.06 +12.9%Fiscal year 2025Revenue310.2 −23.6%Net income41.0 −69.2%EPS, diluted0.88 −71.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 164.4 195.9 210.2 230.0 220.1 192.5 445.7 396.0 405.8 310.2
Growth +19.2% +7.3% +9.5% −4.3% −12.5% +131.6% −11.2% +2.5% −23.6%
Operating income 24.0 8.5 −9.6 n/a n/a n/a n/a n/a n/a n/a
Net income 3.7 −12.5 −42.9 −22.9 −6.0 −36.8 138.5 116.8 133.0 41.0
Growth −433.3% −15.6% +13.9% −69.2%
EPS, diluted n/a n/a n/a −0.69 −0.18 −1.12 3.52 2.71 3.06 0.88
Growth −23.0% +12.9% −71.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin14.6%Net margin2.3%Fiscal year 2017Operating margin4.3%Net margin−6.4%Fiscal year 2018Operating margin−4.6%Net margin−20.4%Fiscal year 2019Net margin−9.9%Fiscal year 2020Net margin−2.7%Fiscal year 2021Net margin−19.1%Fiscal year 2022Net margin31.1%Fiscal year 2023Net margin29.5%Fiscal year 2024Net margin32.8%Fiscal year 2025Net margin13.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 14.6% 4.3% −4.6% n/a n/a n/a n/a n/a n/a n/a
Net margin 2.3% −6.4% −20.4% −9.9% −2.7% −19.1% 31.1% 29.5% 32.8% 13.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow42.6Buybacks−3.0Dividends paid−9.3Fiscal year 2017Operating cash flow18.4Buybacks−11.3Dividends paid0.0Fiscal year 2018Operating cash flow9.4Buybacks0.0Dividends paid0.0Fiscal year 2019Operating cash flow20.5Buybacks0.0Dividends paid0.0Fiscal year 2020Operating cash flow46.1Buybacks−0.3Dividends paid−1.7Fiscal year 2021Operating cash flow−2.9Fiscal year 2022Operating cash flow124.2Fiscal year 2023Operating cash flow159.6Dividends paid−47.2Fiscal year 2024Operating cash flow160.4Buybacks−17.9Dividends paid−45.1Fiscal year 2025Operating cash flow81.6Dividends paid−12.2
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 42.6 18.4 9.4 20.5 46.1 −2.9 124.2 159.6 160.4 81.6
Buybacks −3.0 −11.3 0.0 0.0 −0.3 n/a n/a n/a −17.9 n/a
Dividends paid −9.3 0.0 0.0 0.0 −1.7 n/a n/a −47.2 −45.1 −12.2

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash56.0Total debt453.2Net cash (debt)−397.3Shareholders’ equity404.3Debt to equity1.12Fiscal year 2017Cash39.5Total debt404.4Net cash (debt)−365.0Shareholders’ equity381.0Debt to equity1.06Fiscal year 2018Cash56.9Total debt228.4Net cash (debt)−171.5Shareholders’ equity346.6Debt to equity0.66Fiscal year 2019Cash51.7Total debt207.3Net cash (debt)−155.6Shareholders’ equity326.1Debt to equity0.64Fiscal year 2020Cash58.4Total debt210.5Net cash (debt)−152.1Shareholders’ equity320.3Debt to equity0.66Fiscal year 2021Cash55.4Total debt145.1Net cash (debt)−89.7Shareholders’ equity292.0Debt to equity0.50Fiscal year 2022Cash50.6Total debt128.8Net cash (debt)−78.2Shareholders’ equity469.4Debt to equity0.27Fiscal year 2023Cash46.8Total debt46.0Net cash (debt)0.8Shareholders’ equity537.4Debt to equity0.09Fiscal year 2024Cash47.0Total debt38.8Net cash (debt)8.2Shareholders’ equity607.6Debt to equity0.06Fiscal year 2025Cash46.8Total debt127.0Net cash (debt)−80.2Shareholders’ equity634.3Debt to equity0.20
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 56.0 39.5 56.9 51.7 58.4 55.4 50.6 46.8 47.0 46.8
Total debt 453.2 404.4 228.4 207.3 210.5 145.1 128.8 46.0 38.8 127.0
Net cash (debt) −397.3 −365.0 −171.5 −155.6 −152.1 −89.7 −78.2 0.8 8.2 −80.2
Shareholders’ equity 404.3 381.0 346.6 326.1 320.3 292.0 469.4 537.4 607.6 634.3
Debt to equity 1.12 1.06 0.66 0.64 0.66 0.50 0.27 0.09 0.06 0.20

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
164.4 195.9 210.2 230.0 220.1 192.5 445.7 396.0 405.8 310.2
Growth +19.2% +7.3% +9.5% −4.3% −12.5% +131.6% −11.2% +2.5% −23.6%
0.0 0.0 n/a n/a n/a n/a n/a n/a n/a n/a
24.0 8.5 −9.6 n/a n/a n/a n/a n/a n/a n/a
Growth −64.5% −213.0%
3.8 −12.4 −42.8 −22.8 −5.8 −36.4 138.9 118.3 137.7 41.6
0.1 0.1 0.2 0.1 0.2 0.2 0.2 0.4 0.2 0.2
3.7 −12.5 −42.9 −22.9 −6.0 −36.8 138.5 116.8 133.0 41.0
Growth −433.3% −15.6% +13.9% −69.2%
Per share
n/a n/a n/a −0.69 −0.18 −1.12 3.63 2.76 3.09 0.89
n/a n/a n/a −0.69 −0.18 −1.12 3.52 2.71 3.06 0.88
Growth −23.0% +12.9% −71.2%
n/a n/a n/a 33.1 33.2 33.9 37.2 41.1 41.7 40.6
n/a n/a n/a 33.1 33.2 33.9 38.4 41.8 42.0 40.8
Growth +0.4% +1.9% +13.2% +9.0% +0.5% −2.9%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 7.1% a year over five years.
  • The diluted share count rose 22.8% in five years, which is dilution.
  • A net loss in 5 of 10 years on file.