Danaos (DAC) financial statements
Danaos reported revenue of $1.0B in fiscal 2025, up 8.5% a year over 9 years.
Net income was $495M and the operating margin 47.8%, against -42.7% in 2016.
The diluted share count fell 83% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Danaos's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $498M | $452M | $459M | $447M | $462M | $690M | $993M | $974M | $1.0B | $1.0B |
| Selling, general and admin | $22M | $23M | $26M | $27M | $24M | $44M | $37M | $43M | $54M | $64M |
| Operating income | -$213M | $187M | -$12M | $201M | $199M | $358M | $653M | $581M | $541M | $499M |
| Interest expense | $83M | $87M | $86M | $72M | $54M | $69M | $62M | $20M | $26M | — |
| Pre-tax income | — | — | — | $131M | $154M | $1.1B | $577M | $576M | $505M | $495M |
| Income tax | — | — | — | — | — | $6M | $18M | $0 | $0 | $0 |
| Net income | -$366M | $84M | -$33M | $131M | $154M | $1.1B | $559M | $576M | $505M | $495M |
| EPS (diluted) | -$3.34 | $10.70 | -$3.10 | $8.09 | $6.45 | $51.15 | $27.28 | $28.95 | $26.05 | $26.76 |
| Diluted shares | 110M | 8M | 11M | 16M | 24M | 21M | 21M | 20M | 19M | 18M |
| Operating margin | -42.7% | 41.5% | -2.6% | 45.0% | 43.2% | 52.0% | 65.8% | 59.6% | 53.3% | 47.8% |
| Net margin | -73.5% | 18.6% | -7.2% | 29.3% | 33.3% | 152.7% | 56.3% | 59.2% | 49.8% | 47.4% |
Balance sheet
Fiscal years, from Danaos's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $74M | $67M | $77M | $139M | $66M | $129M | $268M | $358M | $514M | $1.2B |
| Receivables | $8M | $7M | $9M | $7M | $8M | $7M | $6M | $10M | $26M | $39M |
| Inventory | $11M | $9M | $9M | $8M | $10M | $13M | $16M | $25M | $24M | $23M |
| Total current assets | $136M | $126M | $120M | $190M | $118M | $632M | $373M | $502M | $671M | $1.3B |
| Property, plant and equipment | $2.9B | $2.8B | $2.5B | $2.4B | $2.5B | $2.9B | $2.7B | $2.7B | $3.3B | $3.3B |
| Total assets | $3.1B | $3.0B | $2.7B | $2.7B | $2.7B | $3.6B | $3.4B | $3.7B | $4.3B | $5.1B |
| Total current liabilities | $2.6B | $2.4B | $223M | $223M | $240M | $319M | $228M | $168M | $169M | $402M |
| Long-term debt | — | — | $1.5B | $1.3B | $1.2B | $1.0B | $402M | $383M | $700M | $872M |
| Total liabilities | $2.6B | $2.4B | $2.0B | $1.8B | $1.7B | $1.5B | $840M | $645M | $919M | $1.3B |
| Shareholders' equity | $488M | $549M | $691M | $882M | $1.0B | $2.1B | $2.6B | $3.0B | $3.4B | $3.8B |
| Net debt | $2.4B | $2.3B | $1.5B | $1.3B | $1.3B | $984M | $162M | $132M | $281M | $118M |
Cash flow
Fiscal years, from Danaos's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $262M | $181M | $165M | $220M | $266M | $428M | $935M | $576M | $622M | $645M |
| Stock-based compensation | $76,000 | — | $1M | $4M | $1M | $15M | $6M | $13M | $15M | $17M |
| Dividends paid | — | — | — | — | — | $31M | $61M | $61M | $63M | $64M |
| Share buybacks (net) | — | — | — | — | -$31M | — | -$29M | -$71M | -$53M | -$76M |
| Net borrowing | -$251M | -$190M | -$115M | -$263M | -$77M | -$238M | -$710M | -$28M | $334M | $430M |
| Dividends per share | — | — | — | — | — | $1.50 | $3.00 | $3.05 | $3.24 | $3.44 |
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What was Danaos's revenue in 2025?
$1.0B in fiscal 2025, from its 10-K filing.
From Danaos's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.