Ardmore Shipping (ASC) Gross Margin (2012 - 2026)
Ardmore Shipping (ASC) posted Gross Margin of 83.69% for Q2 2026, up 4.95% sequentially from 79.74% in Q1 2026, and up 510.0% YoY from 13.72% in Q2 2025.
Ardmore Shipping (ASC) Gross Margin (2012 - 2026) Analysis & Trends
Ardmore Shipping has reported Gross Margin for 15 years, with the latest figure at 83.69% in Q2 2026.
- Quarterly Gross Margin rose 510.0% year-over-year to 83.69% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 80.37% (down 121.0% YoY) and the FY2025 annual result came in at 78.67%, down 648.0% from the prior year.
- Gross Margin advanced to 83.69% in Q2 2026 per ASC's latest filing, from 79.74% in the prior quarter.
- Over five years, Gross Margin peaked at 99.97% in Q1 2022 and troughed at 76.95% in Q4 2025.
- A 5-year average of 84.54% and a median of 84.19% in 2023 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin surged 3181 bps in 2022, then slumped 1261 bps in 2023.
- Over 5 years, Gross Margin stood at 89.33% in 2022, then retreated by 5 bps to 84.68% in 2023, then fell by 4 bps to 81.54% in 2024, then slipped by 6 bps to 76.95% in 2025, then climbed by 9 bps to 83.69% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 83.69%, 79.74%, and 76.95% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.52 Bn | 7.48 Bn | 290.80 Mn | 31.53% |
| 2 | Matson | 6.59 Bn | 6.47 Bn | - | - |
| 3 | Hafnia | 3.92 Bn | 3.81 Bn | 152.41 Mn | 67.88% |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 Mn | 4.10% |
| 5 | Star Bulk Carriers | 3.35 Bn | 2.85 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | 79.34% |
| 7 | Okeanis Eco Tankers | 2.43 Bn | 2.21 Bn | 12,231.53 Bn | 2,501,247.17% |
| 8 | Navios Maritime Partners | 2.41 Bn | 2.00 Bn | 326.09 Mn | 91.34% |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn | 92.31% |
| 10 | Ardmore Shipping | 736.97 Mn | 686.54 Mn | 97.26 Mn | 83.69% |
Historic Data
Download 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 | 99.97% |
| Dec 31, 2021 | 69.88% |
| Sep 30, 2021 | 67.26% |