Ardmore Shipping Corp (ASC)
Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. The company's fleet consists of 26 vessels, including 25 owned Eco-design vessels and one chartered-in vessels. It serves oil majors, national oil companies, oil and chemical traders, chemical companies, and pooling service providers. The company was founded in 2010 and is headquartered in Hamilton, Bermuda.
- Symbol
- ASC
- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Marine Shipping
- Market cap
- $717.66M
- 52 week range
- 10.31 - 20.03
Valuation
- Share price
- $17.61 (close of 2026-09-23)
- P/E (TTM)
- 13.24x
- Price to book
- 1.10x
- Price to free cash flow
- 8.46x
- Enterprise value
- $775.55M
- Book value per share
- $16.07
Price performance
| Period | Change |
|---|
| 1 day | -5.32% |
| 5 days | -6.03% |
| 1 month | -4.29% |
| 3 months | -1.57% |
| 6 months | +16.62% |
| Year to date | +66.29% |
| 1 year | +39.54% |
| 3 years | +37.90% |
| 5 years | +396.06% |
| 10 years | +149.43% |
| All time | +30.44% |
Profitability and growth
- Return on equity
- 6.47%
- Return on assets
- 5.20%
- Net margin
- 13.22%
- EBITDA margin
- 26.18%
- Revenue growth
- -23.56%
- Net income growth
- -69.16%
- Free cash flow growth
- -49.11%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 11.82%
- Current ratio
- 4.87x
- Net debt to EBITDA
- 0.57x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $310.20M
- EBITDA
- $81.22M
- Net income
- $41.01M
- Earnings per share
- $0.89
- Interest expense
- $6.11M
- Shares outstanding
- 40.62M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $310.20M | - | $41.01M | $0.89 |
| 2024-12-31 | $405.78M | - | $133.01M | $3.09 |
| 2023-12-31 | $395.98M | - | $116.81M | $2.76 |
| 2022-12-31 | $445.74M | - | $138.45M | $3.63 |
| 2021-12-31 | $192.48M | - | $-36.83M | $-1.12 |
| 2020-12-31 | $220.06M | - | $-6.05M | $-0.18 |
| 2019-12-31 | $230.04M | - | $-22.86M | $-0.69 |
| 2018-12-31 | $210.18M | - | $-42.94M | $-1.31 |
| 2017-12-31 | $195.94M | $8.51M | $-12.49M | $-0.37 |
| 2016-12-31 | $164.40M | $24.00M | $3.75M | $0.12 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | - | 13.22% | 6.47% | - |
| 2024-12-31 | - | 32.78% | 21.89% | - |
| 2023-12-31 | - | 29.50% | 21.74% | - |
| 2022-12-31 | - | 31.06% | 29.50% | - |
| 2021-12-31 | - | -19.14% | -12.62% | - |
| 2020-12-31 | - | -2.75% | -1.89% | - |
| 2019-12-31 | - | -9.94% | -7.01% | - |
| 2018-12-31 | - | -20.43% | -12.39% | -1.26% |
| 2017-12-31 | 4.34% | -6.37% | -3.28% | 1.13% |
| 2016-12-31 | 14.60% | 2.28% | 0.93% | 2.99% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $46.84M | $127.00M |
| 2024-12-31 | $46.99M | $38.80M |
| 2023-12-31 | $46.80M | $39.59M |
| 2022-12-31 | $50.57M | $115.87M |
| 2021-12-31 | $55.45M | $130.00M |
| 2020-12-31 | $58.37M | $188.05M |
| 2019-12-31 | $51.72M | $187.07M |
| 2018-12-31 | $56.90M | $205.52M |
| 2017-12-31 | $39.46M | $367.35M |
| 2016-12-31 | $55.95M | $411.39M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $81.65M | $2.81M |
| 2024-12-31 | $160.44M | $4.65M |
| 2023-12-31 | $159.61M | $3.22M |
| 2022-12-31 | $124.21M | $3.06M |
| 2021-12-31 | $-2.88M | $2.61M |
| 2020-12-31 | $46.09M | $3.00M |
| 2019-12-31 | $20.47M | $2.33M |
| 2018-12-31 | $9.43M | $1.64M |
| 2017-12-31 | $18.42M | $457.05K |
| 2016-12-31 | $42.63M | $1.30M |
Dividend history
- Most recent payment
- 2026-08-28
- Paid in the last twelve months
- $1.27
| Payment date | Dividend per share |
|---|
| 2026-08-28 | $0.79 |
| 2026-05-29 | $0.39 |
| 2026-02-27 | $0.09 |
| 2025-08-29 | $0.07 |
| 2025-05-30 | $0.05 |
| 2025-02-28 | $0.08 |
| 2024-11-29 | $0.18 |
| 2024-08-30 | $0.38 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-04
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-29 | Jun/2026 | - |
| 2026-05-07 | - | - |
| 2026-02-12 | - | - |
| 2025-11-05 | - | - |
| 2025-07-30 | - | - |
| 2025-05-07 | - | - |
| 2025-02-13 | - | - |
| 2024-11-06 | - | - |
Filings and sources
- Company website
- ardmoreshipping.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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