Ardmore Shipping (ASC) Gross Margin (2012 - 2026)
Ardmore Shipping's (ASC) quarterly Gross Margin came in at 83.69% in Q2 2026, up 510.0% year-over-year from 13.72% in Q2 2025, and up 4.95% quarter-over-quarter from 79.74% in Q1 2026.
Analysis
Ardmore Shipping (ASC) Gross Margin (2012 - 2026) Analysis & Trends
Ardmore Shipping has disclosed Gross Margin across 15 years of filings, most recently posting 83.69% for Q2 2026.
- In Q2 2026, Gross Margin rose 510.0% year-over-year to 83.69%; the TTM figure through Jun 2026 stood at 80.37% (down 121.0% YoY), while the FY2025 annual figure was 78.67%, down 648.0% from the prior year.
- Gross Margin came in at 83.69% for Q2 2026 at Ardmore Shipping, up from 79.74% 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.
- Average Gross Margin over 5 years is 83.09%, with a median of 83.55% recorded in 2023.
- Year-over-year, Gross Margin soared 2339 bps in 2022 and plunged 804 bps in 2025.
- Over 5 years, Gross Margin stood at 89.33% in 2022, then declined by 5 bps to 84.68% in 2023, then dropped by 4 bps to 81.54% in 2024, then retreated by 6 bps to 76.95% in 2025, then gained by 9 bps to 83.69% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 83.69% in Q2 2026, 79.74% in Q1 2026, and 76.95% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.35 Bn | 10.03 Bn | - | - |
| 2 | Kirby | 7.39 Bn | 7.35 Bn | 290.80 Mn | 31.53% |
| 3 | Matson | 6.76 Bn | 6.64 Bn | - | - |
| 4 | International Seaways | 5.13 Bn | 5.13 Bn | 467.16 Mn | 99.97% |
| 5 | Hafnia | 4.45 Bn | 4.17 Bn | 372.91 Mn | 45.71% |
| 6 | Cmb.Tech | 4.42 Bn | 4.26 Bn | 970.62 Mn | 79.33% |
| 7 | Scorpio Tankers | 3.80 Bn | 1.97 Bn | 343.91 Mn | 84.14% |
| 8 | ZIM Integrated Shipping Services | 3.60 Bn | 2.57 Bn | 255.00 Mn | 14.32% |
| 9 | Star Bulk Carriers | 3.56 Bn | 3.00 Bn | 299.80 Mn | 83.88% |
| 10 | Ardmore Shipping | 732.47 Mn | 682.03 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% |