Ardmore Shpng (ASC) financial statements
Ardmore Shpng reported revenue of $310M in fiscal 2025, up 7.3% a year over 9 years.
Net income was $41M.
The diluted share count rose 35% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Ardmore Shpng's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $164M | $196M | $210M | $230M | $220M | $192M | $446M | $396M | $406M | $310M |
| Selling, general and admin | $1M | $0 | — | — | — | — | — | — | — | — |
| Operating income | $24M | $9M | -$10M | — | — | — | — | — | — | — |
| Interest expense | $18M | $21M | $27M | $27M | $18M | $16M | $16M | $11M | $7M | $6M |
| Pre-tax income | $4M | -$12M | -$43M | -$23M | -$6M | -$36M | $139M | $118M | $138M | $42M |
| Income tax | $60,434 | $59,567 | $162,923 | $58,766 | $199,000 | $150,000 | $207,000 | $435,000 | $215,000 | $241,000 |
| Net income | $4M | -$12M | -$43M | -$23M | -$6M | -$37M | $138M | $117M | $133M | $41M |
| EPS (diluted) | $0.12 | -$0.37 | -$1.31 | -$0.69 | -$0.18 | -$1.12 | $3.52 | $2.71 | $3.06 | $0.88 |
| Diluted shares | 30M | 33M | 33M | 33M | 33M | 34M | 38M | 42M | 42M | 41M |
| Operating margin | 14.6% | 4.3% | -4.6% | — | — | — | — | — | — | — |
| Net margin | 2.3% | -6.4% | -20.4% | -9.9% | -2.7% | -19.1% | 31.1% | 29.5% | 32.8% | 13.2% |
Balance sheet
Fiscal years, from Ardmore Shpng's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $56M | $39M | $57M | $52M | $58M | $55M | $51M | $47M | $47M | $47M |
| Receivables | $23M | $27M | $27M | $30M | $18M | $20M | $80M | $56M | $61M | $48M |
| Inventory | $7M | $10M | $13M | $10M | $10M | $11M | $16M | $13M | $11M | $9M |
| Total current assets | $94M | $84M | $109M | $98M | $103M | $94M | $158M | $127M | $127M | $112M |
| Property, plant and equipment | $785M | $752M | $721M | $661M | $631M | $603M | $531M | $524M | $546M | $638M |
| Total assets | $884M | $846M | $845M | $772M | $752M | $725M | $724M | $691M | $705M | $789M |
| Total current liabilities | $59M | $58M | $76M | $60M | $63M | $59M | $53M | $34M | $30M | $26M |
| Long-term debt | $411M | $367M | $206M | $187M | $188M | $130M | $116M | $40M | $39M | $127M |
| Total liabilities | $479M | $465M | $498M | $446M | $432M | $396M | $217M | $117M | $69M | $154M |
| Shareholders' equity | $404M | $381M | $347M | $326M | $320M | $292M | $469M | $537M | $608M | $634M |
| Net debt | $397M | $365M | $171M | $156M | $152M | $90M | $78M | -$779,000 | -$8M | $80M |
Cash flow
Fiscal years, from Ardmore Shpng's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $43M | $18M | $9M | $20M | $46M | -$3M | $124M | $160M | $160M | $82M |
| Capital spending | $530,717 | $12,279 | $52,384 | — | — | — | — | — | — | — |
| Free cash flow | $42M | $18M | $9M | — | — | — | — | — | — | — |
| Stock-based compensation | $1M | $457,046 | $2M | $2M | $3M | $3M | $3M | $3M | $5M | $3M |
| Dividends paid | $9M | $0 | $0 | $0 | $2M | — | — | $47M | $45M | $12M |
| Share buybacks (net) | -$3M | -$11M | $0 | $0 | -$287,000 | — | — | — | -$18M | — |
| Net borrowing | $68M | -$52M | -$180M | -$21M | $2M | -$67M | -$16M | -$84M | $103M | $179M |
| Free cash flow margin | 25.6% | 9.4% | 4.5% | — | — | — | — | — | — | — |
| Dividends per share | $0.31 | — | — | — | $0.05 | — | — | $1.13 | $1.07 | $0.30 |
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What was Ardmore Shpng's revenue in 2025?
$310M in fiscal 2025, from its 10-K filing.
From Ardmore Shpng's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.