Ardmore Shipping (ASC) Gross Margin (2012 - 2026)

Ardmore Shipping (ASC) reported Gross Margin of 79.74% for Q1 2026, up 28.0% on a YoY basis from 62.3% in Q1 2025, and up 3.63% sequentially from 76.95% in Q4 2025.

Ardmore Shipping (ASC) Gross Margin (2012 - 2026) Analysis & Trends

Ardmore Shipping (ASC) has 15 years of Gross Margin data on file, last reported at 79.74% in Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin rose 28.0% year-over-year to 79.74%; the trailing twelve-month figure through Mar 2026 stood at 78.78% (down 501.0% YoY), and the FY2025 full-year result was 78.67%, down 648.0% from the prior year.
  • Gross Margin grew to 79.74% in Q1 2026, from 76.95% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 90.65% in Q3 2022 to a low of 73.82% in Q1 2022.
  • A 5-year average of 83.05% and a median of 83.41% in 2023 frame the typical range for Gross Margin.
  • Across the five-year window, Gross Margin surged 2339 bps in 2022 and tumbled 804 bps in 2025, its largest moves.
  • Tracing ASC's Gross Margin over 5 years: stood at 89.33% in 2022, then dropped by 5 bps to 84.68% in 2023, then slipped by 4 bps to 81.54% in 2024, then fell by 6 bps to 76.95% in 2025, then grew by 4 bps to 79.74% in 2026.
  • Business Quant data shows ASC's Gross Margin at 79.74% in Q1 2026, 76.95% in Q4 2025, and 79.78% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 ZIM Integrated Shipping Services 2,964,341.97 Bn 2,964,341.05 Bn 57.20 Mn 4.10%
2 Danaos 2,542.12 Bn 2,541.24 Bn 203.71 Mn 80.30%
3 Sfl 1,584.69 Bn 1,584.53 Bn 66.27 Mn 49.51%
4 Capital Clean Energy Carriers 1,419.00 Bn 1,418.46 Bn 95.52 Mn 97.46%
5 Globus Maritime 59.97 Bn 59.95 Bn 8,083.00 65.99%
6 Kirby 8.07 Bn 7.99 Bn 291.34 Mn 34.20%
7 Matson 6.26 Bn 6.16 Bn - -
8 Hafnia 3.73 Bn 3.62 Bn 152.41 Mn 67.88%
9 Intercont (Cayman) 3.56 Bn 3.56 Bn - -
10 Ardmore Shipping 671.20 Mn 618.44 Mn 70.11 Mn 79.74%

Historic Data

Download Data
DateValue
Mar 31, 2026 79.74%
Dec 31, 2025 76.95%
Sep 30, 2025 79.78%
Jun 30, 2025 78.59%
Mar 31, 2025 79.46%
Dec 31, 2024 81.54%
Sep 30, 2024 85.47%
Jun 30, 2024 86.63%
Mar 31, 2024 85.96%
Dec 31, 2023 84.68%
Sep 30, 2023 83.41%
Jun 30, 2023 83.40%
Mar 31, 2023 87.37%
Dec 31, 2022 89.33%
Sep 30, 2022 90.65%
Jun 30, 2022 85.12%
Mar 31, 2022 73.82%
Dec 31, 2021 69.88%
Sep 30, 2021 67.26%
Jun 30, 2021 68.11%