Ardmore Shipping (ASC) Gross Margin (2012 - 2026)
Ardmore Shipping (ASC) reported Gross Margin of 74.33% for Q2 2026, up 9.28 percentage points from 65.05% a year earlier and up 3.82 percentage points from the prior quarter.
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Analysis
Ardmore Shipping (ASC) Gross Margin (2012 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Ardmore Shipping's Gross Margin came in at 69.07%, up 7.18 percentage points year-over-year; for FY2025, it was 63.13%, down 4.19 percentage points from FY2024.
- Gross Margin has a five-year change of +0.06 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 67.32% in FY2024 (+0.63 pp), 66.69% in FY2023 (+1.18 pp), 65.51% in FY2022 (+11.53 pp) and 53.98% in FY2021 (-9.09 pp).
- The Q2 2026 figure ranks as the highest quarterly Gross Margin in data going back to Q4 2018.
- Year over year, Gross Margin has now increased in each of the last four quarters, with an average year-over-year change of +0.02 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q4 2022 (a gain of 17.14 percentage points); the low point was Q1 2025 (a drop of 13.20 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 70.51% (Q1 2026), 64.19% (Q4 2025) and 64.96% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.80 Bn | 165.33 Bn | - | - |
| 2 | Csx | 89.17 Bn | 85.38 Bn | - | - |
| 3 | United Parcel Service | 83.81 Bn | 60.70 Bn | - | - |
| 4 | Canadian Pacific Kansas City | 77.31 Bn | 76.33 Bn | - | - |
| 5 | Norfolk Southern | 73.23 Bn | 67.87 Bn | - | - |
| 6 | Fedex | 70.82 Bn | 36.77 Bn | - | - |
| 7 | Delta Air Lines | 50.27 Bn | 32.46 Bn | - | - |
| 8 | Old Dominion Freight Line | 39.09 Bn | 38.36 Bn | - | - |
| 9 | United Airlines Holdings | 31.83 Bn | -24.55 Bn | - | - |
| 10 | Ardmore Shipping | 764.97 Mn | 575.71 Mn | 97.26 Mn | 83.69% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 83.69% |
| 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% |
API Access
Ardmore Shipping Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=ASC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "ASC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=ASC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();