StealthGas (GASS) financial statements
StealthGas reported revenue of $173M in fiscal 2025, up 2.7% a year over 9 years.
Net income was $61M and the operating margin 31.8%, against 5.2% in 2016.
Free cash flow was $85M.
The diluted share count fell 10% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from StealthGas's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $137M | $152M | $164M | $144M | $145M | $150M | $153M | $144M | $167M | $173M |
| Selling, general and admin | $3M | $3M | $3M | $4M | $2M | $4M | $1M | $1M | $1M | $1M |
| Operating income | $7M | $15M | $11M | $22M | $23M | -$31M | $33M | $46M | $60M | $55M |
| Interest expense | $14M | $16M | $22M | $20M | $12M | $9M | $11M | $13M | $9M | $2M |
| Net income | -$8M | -$1M | -$12M | $2M | $12M | -$35M | $34M | $52M | $70M | $61M |
| EPS (diluted) | -$0.20 | -$0.03 | -$0.31 | $0.05 | $0.31 | -$0.93 | $1.37 | $1.37 | $1.90 | $1.64 |
| Diluted shares | 40M | 40M | 40M | 40M | 38M | 38M | 37M | 37M | 35M | 36M |
| Operating margin | 5.2% | 10.2% | 6.4% | 15.0% | 16.1% | -20.6% | 21.4% | 31.9% | 35.8% | 31.8% |
| Net margin | -5.7% | -0.8% | -7.5% | 1.5% | 8.3% | -23.4% | 22.4% | 36.2% | 41.8% | 35.0% |
Balance sheet
Fiscal years, from StealthGas's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $65M | $52M | $64M | $68M | $38M | $31M | $82M | $77M | $81M | $99M |
| Receivables | $4M | $4M | $3M | $4M | $4M | $2M | $5M | $5M | $6M | $8M |
| Inventory | $3M | $3M | $2M | $2M | $4M | $3M | $3M | $2M | $4M | $2M |
| Total current assets | $76M | $63M | $139M | $78M | $48M | $52M | $105M | $121M | $92M | $197M |
| Property, plant and equipment | $864M | $862M | $885M | $835M | $832M | $681M | $628M | $504M | $608M | $491M |
| Total assets | $1.0B | $996M | $1.0B | $954M | $944M | $799M | $822M | $697M | $732M | $712M |
| Total current liabilities | $81M | $79M | $103M | $67M | $63M | $59M | $57M | $39M | $44M | $21M |
| Long-term debt | $343M | $343M | $372M | $325M | $311M | $262M | $247M | $107M | $62M | $0 |
| Total liabilities | $428M | $423M | $475M | $395M | $379M | $324M | $304M | $148M | $106M | $21M |
| Shareholders' equity | $574M | $573M | $561M | $559M | $565M | $475M | $518M | $550M | $627M | $690M |
| Net debt | $333M | $333M | $349M | $298M | $314M | $262M | $221M | $46M | $4M | -$99M |
Cash flow
Fiscal years, from StealthGas's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $36M | $52M | $38M | $31M | $52M | $41M | $67M | $77M | $104M | $85M |
| Capital spending | $56M | $61M | $108M | $3M | $48M | $25M | $24M | $85,201 | $106M | $412,428 |
| Free cash flow | -$20M | -$8M | -$70M | $28M | $4M | $16M | $42M | $77M | -$3M | $85M |
| Stock-based compensation | $340,377 | $129,245 | $338,356 | $611,644 | $0 | $610,788 | $610,788 | $3M | $7M | $5M |
| Net borrowing | -$24M | -$13M | $59M | -$64M | -$15M | -$22M | -$24M | -$155M | -$38M | -$86M |
| Free cash flow margin | -14.7% | -5.4% | -42.9% | 19.3% | 2.8% | 10.5% | 27.7% | 53.9% | -1.6% | 49.0% |
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Open GASS in InvestinglyQuestions
What was StealthGas's revenue in 2025?
$173M in fiscal 2025, from its 10-K filing.
How much free cash flow does StealthGas generate?
$85M in fiscal 2025 (operating cash flow minus capital spending).
From StealthGas's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.