Danaos Corporation (DAC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$7.6	$7.29	-4.1%	—	$274.4M	—
Q1 26	$6.6	$6.72	+1.8%	—	$253.7M	—
Q4 25	$6.77	$7.14	+5.5%	—	$266.3M	—
Q3 25	$7.1	$6.75	-4.9%	—	$260.7M	—
Q2 25	$6.66	$6.36	-4.5%	—	$262.2M	—
Q1 25	$6.44	$6.04	-6.2%	—	$253.3M	—
Q4 24	$6.52	$6.93	+6.3%	—	$258.2M	—
Q3 24	$6.78	$6.5	-4.1%	—	$256.2M	—
Q2 24	$6.92	$6.78	-2.0%	—	$246.3M	—
Q1 24	$7.75	$7.15	-7.7%	—	$253.4M	—
Q4 23	$7.79	$6.99	-10.3%	—	$249.3M	—
Q3 23	$7.36	$7.26	-1.4%	—	$239.2M	—
Q2 23	$6.93	$7.14	+3.0%	—	$241.5M	—
Q1 23	$5.9	$7.14	+21.0%	—	$243.6M	—
Q4 22	$7.24	$6.99	-3.5%	—	$252.5M	—
Q3 22	$7.26	$8.71	+20.0%	—	$260M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$26.8	—	—	$1B	—
FY24	—	$26.1	—	—	$1B	—
FY23	—	$29	—	—	$973.6M	—
FY22	—	$27.3	—	—	$993.3M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$498.3M	$451.7M	$458.7M	$447.2M	$461.6M	$689.5M	$993.3M	$973.6M	$1B	$1B
YoY change	-12.3%	-9.35%	+1.55%	-2.5%	+3.21%	+49.4%	+44.1%	-1.99%	+4.16%	+2.8%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	498.3M	451.7M	458.7M	447.2M	461.6M	689.5M	993.3M	973.6M	1B	1B
Cost of revenue	252.4M	234.8M	224.6M	210.6M	226.7M	277.1M	328.4M	332.4M	398.2M	435.2M
Gross profit	246M	216.9M	234.2M	236.6M	234.9M	412.4M	665M	641.2M	615.9M	607.3M
Gross margin	49.4%	48%	51%	52.9%	50.9%	59.8%	66.9%	65.9%	60.7%	58.3%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	22.1M	22.7M	26.3M	26.8M	24.3M	44M	36.6M	43.5M	54.2M	64.4M
Operating expenses	27.6M	29.4M	35.6M	35.6M	35.4M	54.1M	48.7M	62.1M	83.4M	108.5M
Operating income	218.3M	187.5M	198.6M	201.1M	199.5M	358.3M	616.2M	579M	532.6M	498.8M
Operating margin	43.8%	41.5%	43.3%	45%	43.2%	52%	62%	59.5%	52.5%	47.8%
Non-operating income, net	-501.3M	-18.5M	-148.6M	-1.5M	3.3M	758.6M	20.4M	9.9M	-10.6M	22.9M
Pretax income	-366.2M	83.9M	-32.9M	131.3M	153.6M	1.1B	577.5M	576.3M	505.1M	494.6M
Income tax	—	—	—	—	0	5.9M	18.3M	0	0	0
Net income	-366.2M	83.9M	-32.9M	131.3M	153.6M	1.1B	559.2M	576.3M	505.1M	494.6M
Net margin	-73.5%	18.6%	-7.18%	29.3%	33.3%	152.7%	56.3%	59.2%	49.8%	47.4%
EBITDA	289.3M	289.4M	260M	303.4M	312.2M	531M	690.2M	690.1M	686.3M	675.7M
EPS	-46.8	10.7	-3.08	8.29	6.51	51.8	27.3	29	26.1	26.8
Diluted EPS	-46.8	10.7	-3.08	8.09	6.45	51.1	27.3	28.9	26.1	26.8

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	239.2M	249.3M	253.4M	246.3M	256.2M	258.2M	253.3M	262.2M	260.7M	266.3M	253.7M	274.4M
Cost of revenue	80.8M	89.4M	97.3M	95.1M	105.6M	100.1M	109.9M	113.9M	107.3M	104.1M	101.6M	116.3M
Gross profit	158.4M	159.9M	156.1M	151.2M	150.6M	158.1M	143.4M	148.3M	153.4M	162.1M	152.1M	158.1M
Gross margin	66.2%	64.1%	61.6%	61.4%	58.8%	61.2%	56.6%	56.6%	58.8%	60.9%	60%	57.6%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	7.1M	22.4M	10.2M	11.3M	11M	21.7M	12.2M	11.2M	12.6M	28.4M	14.6M	14.9M
Operating expenses	11.8M	27.9M	15.7M	18.3M	18.5M	31M	23.2M	22.7M	23.4M	39.2M	26.9M	25.4M
Operating income	146.6M	132M	140.4M	132.9M	132.1M	127.1M	120.3M	125.5M	130.1M	122.9M	125.2M	132.7M
Operating margin	61.3%	52.9%	55.4%	54%	51.6%	49.2%	47.5%	47.9%	49.9%	46.2%	49.3%	48.4%
Non-operating income, net	-11M	19.7M	11.1M	11.3M	-3.3M	-29.7M	2.3M	12.4M	6.2M	2M	20.4M	20.8M
Pretax income	133.2M	149.9M	150.5M	141.2M	123M	90.4M	115.1M	130.9M	130.6M	117.9M	140.4M	151.8M
Income tax	0	0	—	—	—	—	—	—	0	0	0	0
Net income	133.2M	149.9M	150.5M	141.2M	123M	90.4M	115.1M	130.9M	130.6M	117.9M	140.4M	151.8M
Net margin	55.7%	60.1%	59.4%	57.3%	48%	35%	45.5%	49.9%	50.1%	44.3%	55.3%	55.3%
EBITDA	174.7M	162.6M	173M	169.1M	171.1M	173.1M	163.2M	167.2M	173.7M	171.7M	172.9M	180M
EPS	6.76	—	7.75	7.3	6.36	—	6.14	7.14	7.14	—	7.71	8.34
Diluted EPS	6.76	—	7.68	7.23	6.3	—	6.13	7.12	7.11	—	7.7	8.32

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	291M	159.2M	—	—	—	—	1.1B	1.5B	1.5B	1.7B	2.8B
Enterprise value	2.7B	2.4B	—	—	—	—	1.3B	1.5B	1.8B	1.7B	2.8B
Shares outstanding	7.8M	7.8M	10.6M	15.8M	23.6M	20.3M	20.5M	19.9M	19.3M	18.4M	18.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	1.9	—	—	—	—	1.93	2.55	3.06	3.51	5.18
P/S	0.58	0.35	—	—	—	—	1.09	1.51	1.53	1.67	2.64
P/B	0.6	0.29	—	—	—	—	0.42	0.49	0.45	0.46	0.69
EV/EBITDA	9.41	8.37	—	—	—	—	1.9	2.2	2.58	2.57	4.13
EV/Sales	5.46	5.36	—	—	—	—	1.32	1.56	1.74	1.66	2.64
Earnings yield	—	52.7%	—	—	—	—	51.8%	39.1%	32.7%	28.5%	19.3%
FCF yield	88.5%	110.9%	—	—	—	—	68.2%	20.9%	-2.43%	20.1%	0.16%
PEG	—	—	—	—	—	—	—	—	—	—	0.31

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	49.4%	48%	51%	52.9%	50.9%	59.8%	66.9%	65.9%	60.7%	58.3%	57.6%
Operating margin	43.8%	41.5%	43.3%	45%	43.2%	52%	62%	59.5%	52.5%	47.8%	48.4%
Net margin	-73.5%	18.6%	-7.18%	29.3%	33.3%	152.7%	56.3%	59.2%	49.8%	47.4%	51.3%
ROE	-75.1%	15.3%	-4.77%	14.9%	14.8%	50.4%	21.8%	19.1%	14.7%	13%	14.1%
ROA	-11.7%	2.81%	-1.23%	4.89%	5.66%	29%	16.4%	15.7%	11.6%	9.67%	6.39%
ROIC	—	—	—	—	8.2%	12.4%	21.4%	18.9%	14.6%	13.1%	12.7%
Return on tangible assets	-11.7%	2.81%	-1.23%	4.89%	5.66%	29%	16.4%	15.7%	11.6%	9.67%	9.93%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.05	0.05	0.54	0.85	0.49	1.98	1.63	2.98	3.97	3.28	9.3
Quick ratio	0.05	0.05	0.5	0.82	0.45	1.94	1.56	2.84	3.83	3.23	9.15
Debt / equity	5.14	4.25	2.35	1.73	1.41	0.64	0.2	0.13	0.21	0.3	0.3
Debt / assets	0.8	0.78	0.61	0.57	0.54	0.37	0.15	0.11	0.17	0.23	0.22
Net debt / EBITDA	8.4	7.82	5.94	4.58	4.48	1.48	0.34	0.07	0.32	-0	-0.03
Interest coverage	-3.41	1.97	0.62	2.82	3.87	16.3	10.3	29.2	20.3	12.5	13.5
Effective tax rate	—	—	—	—	0%	0.56%	3.16%	0%	0%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	63.5	57.6	43.2	28.2	19.6	33.9	48.5	49	52.5	56.6	57.8
EPS (basic)	-46.8	10.7	-3.08	8.29	6.51	51.8	27.3	29	26.1	26.8	26.8
EPS (diluted)	-46.8	10.7	-3.08	8.09	6.45	51.1	27.3	28.9	26.1	26.8	29.5
Book value per share	62.2	69.9	65	55.7	43.9	102.6	125	151.7	177.3	205.9	222.9
FCF per share	32.8	22.5	14.7	12.5	4.03	3.56	35.9	15.5	-1.95	18.9	0.25
Cash per share	9.4	8.53	7.27	8.79	2.78	27.2	13.1	18	26.6	62.8	67.6
Capex per share	0.08	0.57	0.78	1.35	7.23	17.5	3.42	13.3	33.6	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.12%	0.99%	1.8%	4.78%	37%	51.6%	7.05%	27.1%	64%	—	—
Capex / operating cash flow	-0.26%	2.59%	12.1%	9.67%	64.4%	31.2%	8.81%	45%	108.8%	—	—
Payout ratio	0%	0%	0%	0%	0%	2.93%	11%	10.5%	12.4%	12.8%	12%
Dividend yield	0%	0%	—	—	—	—	5.7%	4.12%	4.06%	3.66%	2.35%

Yield

2.35%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.90

ex-dividend Jul 21, 2026

Payout ratio

12%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 21, 2026	$0.90
May 26, 2026	$0.90
Feb 23, 2026	$0.90
May 27, 2025	$0.85
Feb 24, 2025	$0.85
Nov 25, 2024	$0.85
Aug 20, 2024	$0.80
Jun 11, 2024	$0.80

Split history

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$239.2M	$249.3M	$253.4M	$246.3M	$256.2M	$258.2M	$253.3M	$262.2M	$260.7M	$266.3M	$253.7M	$274.4M
YoY change	-8.01%	-1.25%	+4.05%	+2%	+7.09%	+3.56%	-0.06%	+6.43%	+1.78%	+3.13%	+0.15%	+4.66%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	73.7M	66.9M	77.3M	139.2M	65.7M	552.4M	267.7M	357.8M	514.2M	1.2B
Receivables	8M	6.5M	9.2M	7.1M	7.6M	7.1M	5.6M	9.9M	25.6M	38.7M
Inventory	11.4M	8.8M	8.9M	8.5M	9.6M	12.6M	16.1M	24.5M	23.9M	23.4M
Total current assets	136M	126M	119.8M	190.4M	118.4M	632.5M	372.5M	501.8M	671M	1.3B
Property, plant & equipment	-648M	-763.2M	-743.9M	-840.4M	-942M	-976.4M	-991.7M	-1B	-1.2B	-1.2B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	3.1B	3B	2.7B	2.7B	2.7B	3.6B	3.4B	3.7B	4.3B	5.1B
Accounts payable	11.2M	11.4M	10.5M	11.2M	10.6M	18.9M	24.5M	22.8M	29M	17.3M
Short-term debt	2.5B	2.3B	113.8M	136M	180.2M	181.6M	55M	21.3M	35.2M	283M
Total current liabilities	2.6B	2.4B	222.7M	223.1M	239.7M	319.3M	228.4M	168.2M	169M	401.7M
Long-term debt	0	0	1.5B	1.4B	1.3B	1.2B	447M	382.9M	699.6M	872.1M
Total liabilities	2.6B	2.4B	2B	1.8B	1.7B	1.5B	839.8M	644.8M	918.9M	1.3B
Shareholders' equity	487.7M	548.7M	690.9M	881.7M	1B	2.1B	2.6B	3B	3.4B	3.8B
Total debt	2.5B	2.3B	1.6B	1.5B	1.5B	1.3B	502M	404.2M	734.8M	1.2B
Net debt	2.4B	2.3B	1.5B	1.4B	1.4B	1.2B	234.3M	132.4M	281.4M	117.8M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	371.6M	357.8M	421.3M	471.7M	480.8M	514.2M	543.9M	654.1M	712.7M	1.2B	1B	1.2B
Receivables	7.4M	9.9M	13.4M	22.7M	24.6M	25.6M	25M	27.5M	30.8M	38.7M	34.1M	32.3M
Inventory	16.8M	24.5M	20.1M	21.9M	23.7M	23.9M	27.1M	21.6M	20.7M	23.4M	35.5M	22.6M
Total current assets	498.2M	501.8M	563.1M	618.1M	630M	671M	705.8M	807.4M	867.3M	1.3B	1.2B	1.4B
Property, plant & equipment	-989M	-1B	-922.6M	-1.1B	-1.1B	-1.2B	-1.2B	-1.2B	-1.2B	-1.2B	-1.1B	-975.8M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	3.6B	3.7B	3.8B	4B	4.3B	4.3B	4.4B	4.5B	4.6B	5.1B	5.1B	5.4B
Accounts payable	18.1M	22.8M	22.3M	23.6M	24.8M	29M	32.2M	23.6M	23.4M	17.3M	32.4M	25.1M
Short-term debt	24.4M	21.3M	20.5M	25.2M	31.7M	35.2M	37.7M	37.7M	77.3M	283M	21.8M	26.6M
Total current liabilities	173.1M	168.2M	144.8M	147.7M	160.4M	169M	162.6M	150.7M	187.9M	401.7M	137.3M	149.5M
Long-term debt	386.2M	382.9M	431.5M	544.5M	647.3M	699.6M	732.2M	723.5M	675.2M	872.1M	1B	1.2B
Total liabilities	661.6M	644.8M	659.9M	769.1M	867.4M	918.9M	945.1M	928.6M	904.1M	1.3B	1.2B	1.4B
Shareholders' equity	2.9B	3B	3.1B	3.3B	3.4B	3.4B	3.5B	3.6B	3.7B	3.8B	3.9B	4.1B
Total debt	410.6M	404.2M	452M	569.7M	679M	734.8M	769.9M	761.2M	752.5M	1.2B	1B	1.2B
Net debt	104.3M	132.4M	127.7M	197.3M	294.7M	281.4M	289.3M	215M	156.2M	117.8M	149.1M	202.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-366.2M	83.9M	-32.9M	131.3M	153.6M	1.1B	559.2M	576.3M	505.1M	494.6M
Depreciation & amortization	129M	115.2M	107.8M	96.5M	101.5M	89.3M	77.6M	108.1M	143.8M	163.4M
Stock-based compensation	76K	0	1M	4.2M	1.2M	15.3M	6M	12.7M	14.6M	16.8M
Change in working capital	-11M	-36.6M	-20.2M	-33M	-5.9M	-39.7M	151M	-102.1M	-49.3M	-24.5M
Operating cash flow	-238.9M	172.9M	67.9M	220.8M	264.8M	1.1B	795.3M	586.3M	596.4M	644.8M
Capital expenditure	617K	-4.5M	-8.3M	-21.4M	-170.7M	-355.7M	-70.1M	-264.1M	-649.1M	—
Investing cash flow	-9.4M	1.8M	-8.3M	-21.4M	-170.7M	-143.1M	176.6M	-338.5M	-650.8M	-30.7M
Dividends paid	0	0	0	0	0	-30.9M	-61.5M	-60.7M	-62.8M	-63.5M
Share repurchases	—	—	0	0	-31.1M	0	-28.6M	-70.6M	-53.3M	-75.7M
Financing cash flow	-251.1M	-189.7M	-95.3M	-70.8M	-142.8M	-188.1M	-953.8M	-231.7M	217.9M	290.6M
Net change in cash	-499.4M	-15M	-35.6M	128.7M	-48.7M	808.7M	18.1M	16M	163.5M	904.7M
Free cash flow	257.4M	176.6M	156.4M	198.5M	95M	72.4M	735.6M	308.3M	-37.6M	348.1M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	130.6M	117.9M	140.4M	151.8M
Depreciation & amortization	—	—	—	—	—	—	—	—	41.2M	41.5M	40.9M	41.8M
Stock-based compensation	—	—	—	—	—	—	—	—	1.7M	11.6M	2.4M	2.4M
Change in working capital	571K	3.9M	-752K	2.3M	1.3M	4.2M	3.1M	-8.6M	996K	-11M	5.7M	12.3M
Operating cash flow	571K	3.9M	-752K	2.3M	1.3M	4.2M	3.1M	-8.6M	168.6M	179.5M	163.1M	204.4M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	—	—	—	—	—	—	—	—	0	-417K	-12.9M	—
Dividends paid	—	—	—	—	—	—	—	—	-15.6M	-16.5M	-16.4M	-16.4M
Share repurchases	—	—	—	—	—	—	—	—	0	-22.5M	-6.8M	0
Financing cash flow	—	—	—	—	—	—	—	—	-25M	374.5M	-154.7M	170.1M
Net change in cash	571K	3.9M	-752K	2.3M	1.3M	4.2M	3.1M	-8.6M	143.6M	553.6M	-4.5M	374.4M
Free cash flow	—	—	—	—	—	—	—	—	—	—	—	26.7M

Danaos Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement