ASC · CIK 0001577437

Ardmore Shipping Corp

Annual figures as reported, FY2014–FY2025. Ratios and growth rates derived on-page.

Revenue

$310.2M

▼ −23.6% vs FY2024

Net income

$41.0M

▼ −69.2% vs FY2024

Operating cash flow

$81.6M

▼ −49.1% vs FY2024

Diluted EPS

$0.88

▼ −71.2% vs FY2024

Revenue

Annual, as reported

Net income

Losses shown in terracotta

Profitability & returns

quality of earnings

Margins

Share of revenue kept at each line

Returns on capital

Net income vs year-end equity and assets

Return on equityReturn on assets

Cash flow

cash generation

Operating cash flow

Net cash from operations

Shareholder returns

capital allocation

Capital returned

Cash paid out as dividends and share repurchases

Dividends paidBuybacks

Diluted shares outstanding

Falling count means buybacks outpace dilution

Balance sheet

financial position

Stockholders’ equity

At fiscal year end

Net debt

Long-term debt less cash — negative means net cash

Growth rates

compounding, annualized

Revenue CAGR

−11.4%

+7.1%

+7.0%

10y

Net income CAGR

−33.3%

+2.5%

10y

Diluted EPS CAGR

−37.0%

−3.3%

10y

Share count change (split-adjusted)

+22.8%

Key ratios

derived per fiscal year

Fiscal year	Net margin	ROE	ROA	Current ratio	Debt / equity
FY2025	13.2%	6.5%	5.2%	4.33×	0.20×
FY2024	32.8%	21.9%	18.9%	4.24×	0.06×
FY2023	29.5%	21.7%	16.9%	3.75×	0.07×
FY2022	31.1%	29.5%	19.1%	2.98×	0.25×
FY2021	−19.1%	−12.6%	−5.1%	1.61×	0.45×
FY2020	−2.7%	−1.9%	−0.8%	1.63×	0.59×
FY2019	−9.9%	−7.0%	−3.0%	1.62×	0.57×
FY2018	−20.4%	−12.4%	−5.1%	1.45×	0.59×
FY2017	−6.4%	−3.3%	−1.5%	1.44×	0.96×
FY2016	2.3%	0.9%	0.4%	1.59×	1.02×
FY2015	20.2%	9.2%	4.1%	1.66×	1.04×
FY2014	2.5%	0.5%	0.3%	2.44×	0.63×

Annual figures

as reported

Fiscal year	Revenue	Gross profit	Op. income	Net income	Diluted EPS	Op. cash flow	Capex	Total assets	Liabilities	Equity	Cash	LT debt
FY2025	$310.2M	—	—	$41.0M	$0.88	$81.6M	—	$788.7M	$154.4M	$634.3M	$46.8M	$127.0M
FY2024	$405.8M	—	—	$133.0M	$3.06	$160.4M	—	$704.8M	$69.4M	$607.6M	$47.0M	$38.8M
FY2023	$396.0M	—	—	$116.8M	$2.71	$159.6M	—	$691.0M	$116.5M	$537.4M	$46.8M	$39.6M
FY2022	$445.7M	—	—	$138.5M	$3.52	$124.2M	—	$723.9M	$217.4M	$469.4M	$50.6M	$115.9M
FY2021	$192.5M	—	—	−$36.8M	−$1.12	−$2.9M	—	$724.5M	$395.5M	$292.0M	$55.4M	$130.0M
FY2020	$220.1M	—	—	−$6.0M	−$0.18	$46.1M	—	$752.0M	$431.7M	$320.3M	$58.4M	$188.1M
FY2019	$230.0M	—	—	−$22.9M	−$0.69	$20.5M	—	$772.4M	$446.4M	$326.1M	$51.7M	$187.1M
FY2018	$210.2M	—	—	−$42.9M	−$1.31	$9.4M	—	$844.8M	$498.2M	$346.6M	$56.9M	$205.5M
FY2017	$195.9M	—	—	−$12.5M	−$0.37	$18.4M	—	$845.5M	$464.6M	$381.0M	$39.5M	$367.4M
FY2016	$164.4M	—	—	$3.7M	$0.12	$42.6M	—	$883.6M	$479.4M	$404.3M	$56.0M	$411.4M
FY2015	$157.9M	—	—	$32.0M	$1.23	$37.7M	—	$778.2M	$430.6M	$347.6M	$39.5M	$361.2M
FY2014	$67.3M	—	—	$1.7M	$0.07	$12.4M	—	$562.2M	$235.0M	$327.2M	$59.9M	$204.7M

Latest filings

the most recent regulatory filings

6-KForeign issuer report2026-06-16 ↗4Insider ownership filing2026-05-19 ↗4Insider ownership filing2026-05-19 ↗144Notice of proposed insider sale2026-05-15 ↗4Insider ownership filing2026-05-14 ↗4Insider ownership filing2026-05-14 ↗4Insider ownership filing2026-05-13 ↗4Insider ownership filing2026-05-13 ↗144Notice of proposed insider sale2026-05-12 ↗144Notice of proposed insider sale2026-05-12 ↗

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Fiscal year

Net margin

ROE

ROA

Current ratio

Debt / equity

FY2025

13.2%

6.5%

5.2%

4.33×

0.20×

FY2024

32.8%

21.9%

18.9%

4.24×

0.06×

FY2023

29.5%

21.7%

16.9%

3.75×

0.07×

FY2022

31.1%

29.5%

19.1%

2.98×

0.25×

FY2021

−19.1%

−12.6%

−5.1%

1.61×

0.45×

FY2020

−2.7%

−1.9%

−0.8%

1.63×

0.59×

FY2019

−9.9%

−7.0%

−3.0%

1.62×

0.57×

FY2018

−20.4%

−12.4%

−5.1%

1.45×

0.59×

FY2017

−6.4%

−3.3%

−1.5%

1.44×

0.96×

FY2016

2.3%

0.9%

0.4%

1.59×

1.02×

FY2015

20.2%

9.2%

4.1%

1.66×

1.04×

FY2014

2.5%

0.5%

0.3%

2.44×

0.63×

Fiscal year

Revenue

Gross profit

Op. income

Net income

Diluted EPS

Op. cash flow

Capex

Total assets

Liabilities

Equity

Cash

LT debt

FY2025

$310.2M

—

$41.0M

$0.88

$81.6M

—

$788.7M

$154.4M

$634.3M

$46.8M

$127.0M

FY2024

$405.8M

—

$133.0M

$3.06

$160.4M

—

$704.8M

$69.4M

$607.6M

$47.0M

$38.8M

FY2023

$396.0M

—

$116.8M

$2.71

$159.6M

—

$691.0M

$116.5M

$537.4M

$46.8M

$39.6M

FY2022

$445.7M

—

$138.5M

$3.52

$124.2M

—

$723.9M

$217.4M

$469.4M

$50.6M

$115.9M

FY2021

$192.5M

—

−$36.8M

−$1.12

−$2.9M

—

$724.5M

$395.5M

$292.0M

$55.4M

$130.0M

FY2020

$220.1M

—

−$6.0M

−$0.18

$46.1M

—

$752.0M

$431.7M

$320.3M

$58.4M

$188.1M

FY2019

$230.0M

—

−$22.9M

−$0.69

$20.5M

—

$772.4M

$446.4M

$326.1M

$51.7M

$187.1M

FY2018

$210.2M

—

−$42.9M

−$1.31

$9.4M

—

$844.8M

$498.2M

$346.6M

$56.9M

$205.5M

FY2017

$195.9M

—

−$12.5M

−$0.37

$18.4M

—

$845.5M

$464.6M

$381.0M

$39.5M

$367.4M

FY2016

$164.4M

—

$3.7M

$0.12

$42.6M

—

$883.6M

$479.4M

$404.3M

$56.0M

$411.4M

FY2015

$157.9M

—

$32.0M

$1.23

$37.7M

—

$778.2M

$430.6M

$347.6M

$39.5M

$361.2M

FY2014

$67.3M

—

$1.7M

$0.07

$12.4M

—

$562.2M

$235.0M

$327.2M

$59.9M

$204.7M