Navigator Holdings (NVGS) financial statements
Navigator Holdings reported revenue of $538M in fiscal 2025, up 7.0% a year over 9 years.
Net income was $100M and the operating margin 30.7%, against 26.5% in 2016.
Free cash flow was $117M, and the company returned $15M in dividends.
The diluted share count rose 22% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Navigator Holdings's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $294M | $299M | $310M | $301M | $320M | $353M | $405M | $493M | $512M | $538M |
| Selling, general and admin | $13M | $16M | $19M | $21M | $24M | $29M | $27M | $31M | $37M | $36M |
| Operating income | $78M | $47M | $41M | $33M | $42M | -$3M | $61M | $137M | $143M | $165M |
| Interest expense | $32M | $38M | $45M | $49M | $41M | $39M | $51M | $65M | $56M | $56M |
| Pre-tax income | $46M | $6M | -$5M | -$15M | $1M | -$38M | $35M | $71M | $82M | $110M |
| Income tax | $1M | $397,000 | $333,000 | $352,000 | $617,000 | $2M | $6M | $4M | $4M | $12M |
| Net income | $45M | $5M | -$6M | -$17M | -$443,000 | -$31M | $53M | $82M | $86M | $100M |
| EPS (diluted) | $0.80 | $0.10 | -$0.10 | -$0.30 | -$0.01 | -$0.48 | $0.69 | $1.10 | $1.19 | $1.47 |
| Diluted shares | 56M | 56M | 56M | 56M | 56M | 65M | 78M | 75M | 72M | 68M |
| Operating margin | 26.5% | 15.8% | 13.4% | 10.8% | 13.1% | -0.8% | 15.0% | 27.8% | 28.0% | 30.7% |
| Net margin | 15.2% | 1.8% | -1.9% | -5.5% | -0.1% | -8.8% | 13.2% | 16.7% | 16.7% | 18.6% |
Balance sheet
Fiscal years, from Navigator Holdings's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $57M | $62M | $71M | $64M | $59M | $124M | $147M | $150M | $131M | $155M |
| Receivables | $7M | $15M | $17M | $23M | $14M | $32M | $18M | $35M | $29M | $35M |
| Total current assets | $94M | $112M | $118M | $126M | $137M | $215M | $228M | $255M | $220M | $295M |
| Property, plant and equipment | $194,000 | $2M | $1M | $793,000 | $502,000 | $1.8B | $1.7B | $1.8B | $1.7B | $1.6B |
| Total assets | $1.7B | $1.9B | $1.8B | $1.9B | $1.8B | $2.2B | $2.1B | $2.2B | $2.2B | $2.3B |
| Total current liabilities | $128M | $110M | $105M | $110M | $107M | $204M | $160M | $185M | $319M | $251M |
| Long-term debt | $541M | $682M | $600M | $647M | $614M | $655M | $656M | $683M | $505M | — |
| Total liabilities | $768M | $891M | $878M | $934M | $897M | $1.0B | $923M | $970M | $934M | $1.0B |
| Shareholders' equity | $956M | $963M | $955M | $940M | $941M | $1.1B | $1.2B | $1.2B | $1.2B | $1.2B |
| Net debt | $562M | $701M | $597M | $647M | $620M | $680M | $609M | $654M | $624M | $13M |
Cash flow
Fiscal years, from Navigator Holdings's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $87M | $76M | $78M | $50M | $45M | $98M | $130M | $174M | $211M | $202M |
| Capital spending | $2M | $2M | $648,000 | — | — | — | $46M | $192M | $0 | $85M |
| Free cash flow | $85M | $74M | $77M | — | — | — | $85M | -$17M | $211M | $117M |
| Stock-based compensation | $2M | $1M | $1M | $2M | $1M | $1M | $869,000 | $1M | $1M | $2M |
| Dividends paid | — | — | — | — | — | $0 | $0 | $7M | $14M | $15M |
| Free cash flow margin | 28.9% | 24.8% | 24.8% | — | — | — | 20.9% | -3.5% | 41.1% | 21.7% |
| Dividends per share | — | — | — | — | — | — | — | $0.10 | $0.20 | $0.22 |
Questions
What was Navigator Holdings's revenue in 2025?
$538M in fiscal 2025, from its 10-K filing.
How much free cash flow does Navigator Holdings generate?
$117M in fiscal 2025 (operating cash flow minus capital spending).
From Navigator Holdings's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.