Ardmore Shipping (ASC) Gross Margin (2012 - 2026)
Ardmore Shipping (ASC) reported Gross Margin of 78.90% for Q3 2026, down 0.88 percentage points from 79.78% a year earlier and down 4.79 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 Sep 30, 2026, Ardmore Shipping's Gross Margin came in at 80.15%, up 0.26 percentage points year-over-year; for FY2025, it was 78.67%, down 6.48 percentage points from FY2024.
- Gross Margin has a five-year change of +7.09 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 85.15% in FY2024 (+0.25 pp), 84.91% in FY2023 (-1.63 pp), 86.53% in FY2022 (+18.14 pp) and 68.40% in FY2021 (-3.18 pp).
- Five-year quarterly Gross Margin spans a low of 69.88% in Q4 2021 and a high of 90.65% in Q3 2022.
- Year over year, Gross Margin gained in two of the last eight quarters, with an average year-over-year change of -2.93 percentage points.
- The high point for year-over-year Gross Margin in five years was Q1 2022 (a gain of 31812.86 percentage points); the low point was Q2 2025 (a drop of 8.04 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 83.69% (Q2 2026), 79.74% (Q1 2026) and 76.95% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 172.47 Bn | 164.72 Bn | - | - |
| 2 | United Parcel Service | 92.24 Bn | 69.07 Bn | - | - |
| 3 | Csx | 90.81 Bn | 86.03 Bn | - | - |
| 4 | Canadian Pacific Kansas City | 81.61 Bn | 80.64 Bn | - | - |
| 5 | Fedex | 72.98 Bn | 39.17 Bn | - | - |
| 6 | Norfolk Southern | 71.87 Bn | 66.34 Bn | - | - |
| 7 | Delta Air Lines | 57.23 Bn | 39.41 Bn | - | - |
| 8 | United Airlines Holdings | 36.65 Bn | -21.05 Bn | - | - |
| 9 | Old Dominion Freight Line | 34.12 Bn | 32.96 Bn | - | - |
| 10 | Ardmore Shipping | 706.67 Mn | 516.99 Mn | 69.21 Mn | 78.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 78.90% |
| 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% |
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();