Hafnia (HAFN) Gross Margin (2023 - 2025)
Hafnia (HAFN) posted quarterly Gross Margin of 67.88% for Q4 2025, up 627.0% year-over-year from 9.34% in Q4 2024, and up 1.65% quarter-over-quarter from 66.78% in Q3 2025.
Hafnia (HAFN) Gross Margin (2023 - 2025) Analysis & Trends
Hafnia (HAFN) has reported Gross Margin for 3 consecutive years, with 67.88% the latest figure, recorded in Q4 2025.
- In Q4 2025, Gross Margin rose 627.0% year-over-year to 67.88%; the TTM figure through Dec 2025 stood at 67.08% (down 403.0% YoY), while the FY2025 annual figure was 41.89%, down 661.0% from the prior year.
- Gross Margin advanced to 67.88% in Q4 2025 per HAFN's latest filing, from 66.78% in the prior quarter.
- Across five years, Gross Margin topped out at 74.12% in Q2 2024 and bottomed at 31.19% in Q1 2023.
- Historically, Gross Margin has averaged 65.38% across 3 years, with a median of 67.53% in 2025.
- On a YoY basis, Gross Margin climbed as much as 4235 bps in 2024 and fell as far as 914 bps in 2024.
- Hafnia's Gross Margin stood at 70.75% in 2023, then retreated by 13 bps to 61.61% in 2024, then rose by 10 bps to 67.88% in 2025.
- Business Quant data shows HAFN's Gross Margin at 67.88% in Q4 2025, 66.78% in Q3 2025, and 66.7% in Q2 2025.
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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 | Sfl | 1.65 Bn | 1.50 Bn | 106.91 Mn | 61.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 67.88% |
| Sep 30, 2025 | 66.78% |
| Jun 30, 2025 | 66.70% |
| Mar 31, 2025 | 67.19% |
| Dec 31, 2024 | 61.61% |
| Sep 30, 2024 | 68.35% |
| Jun 30, 2024 | 74.12% |
| Mar 31, 2024 | 73.54% |
| Dec 31, 2023 | 70.75% |
| Sep 30, 2023 | 65.87% |
| Jun 30, 2023 | 70.60% |
| Mar 31, 2023 | 31.19% |