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| Date | Value |
|---|---|
| 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% |