Navigator Holdings Ltd. (NVGS) 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	$0.53	$0.85	+60.4%	—	$167.9M	—
Q1 26	$0.3	$0.5	+66.7%	—	$140.6M	—
Q4 25	$0.4	$0.32	-20.0%	—	$152.8M	—
Q3 25	$0.37	$0.36	-2.7%	—	$153.1M	—
Q2 25	$0.21	$0.14	-33.3%	—	$129.6M	—
Q1 25	$0.3	$0.36	+20.0%	—	$151.4M	—
Q4 24	$0.32	$0.38	+18.8%	—	$144M	—
Q3 24	$0.33	$0.29	-12.1%	—	$141.8M	—
Q2 24	$0.33	$0.34	+3.0%	—	$146.7M	—
Q1 24	$0.31	$0.31	0.0%	—	$134.2M	—
Q4 23	$0.3	$0.31	+3.3%	—	$141.6M	—
Q3 23	$0.27	$0.26	-3.7%	—	$137.8M	—
Q2 23	$0.25	$0.36	+44.0%	—	$135.3M	—
Q1 23	$0.25	$0.25	0.0%	—	$136M	—
Q4 22	$0.21	$0.13	-38.1%	—	$123.3M	—
Q3 22	$0.18	$0.03	-83.3%	—	$106.8M	—

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	—	$1.49	—	—	$587M	—
FY24	—	$1.2	—	—	$566.7M	—
FY23	—	$1.11	—	—	$550.7M	—
FY22	—	$0.69	—	—	$473.8M

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	$294.1M	$298.6M	$310M	$301.4M	$332.5M	$406.5M	$473.8M	$550.7M	$566.7M	$587M
YoY change	-6.7%	+1.52%	+3.83%	-2.79%	+10.3%	+22.3%	+16.6%	+16.2%	+2.89%	+3.58%

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	294.1M	298.6M	310M	301.4M	332.5M	406.5M	473.8M	550.7M	566.7M	587M
Cost of revenue	195.3M	230.1M	244.5M	243M	262M	312.5M	384.9M	380.2M	379.9M	403.1M
Gross profit	98.8M	68.5M	65.6M	58.4M	70.5M	93.9M	88.9M	170.5M	186.8M	183.9M
Gross margin	33.6%	22.9%	21.1%	19.4%	21.2%	23.1%	18.8%	31%	33%	31.3%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	12.5M	15.9M	18.9M	20.9M	23.9M	28.9M	27.4M	31.2M	36.6M	36.4M
Operating expenses	20.3M	21.3M	24.1M	25.8M	28.8M	33.3M	33M	38.1M	43.6M	43.7M
Operating income	78.5M	47.2M	41.5M	32.6M	41.8M	60.6M	55.9M	132.4M	143.2M	140.2M
Operating margin	26.7%	15.8%	13.4%	10.8%	12.6%	14.9%	11.8%	24%	25.3%	23.9%
Non-operating income, net	-606K	-4.3M	-2.8M	-49K	197K	-60.6M	28.9M	-2.7M	-11.7M	20.1M
Pretax income	45.8M	5.7M	-5.4M	-15.1M	1.3M	-38.4M	35M	70.6M	81.6M	110.3M
Income tax	1.2M	397K	333K	352K	617K	2M	5.9M	4.3M	4.4M	12.5M
Net income	44.6M	5.3M	-5.7M	-16.6M	1.3M	-29.2M	54.9M	86.9M	94.1M	105.9M
Net margin	15.2%	1.78%	-1.85%	-5.51%	0.39%	-7.19%	11.6%	15.8%	16.6%	18%
EBITDA	140.9M	117M	118.5M	109.3M	118.2M	149.4M	181.9M	267.2M	281.3M	282.6M
EPS	0.81	0.1	-0.1	-0.3	-0.01	-0.58	0.69	1.11	1.2	1.49
Diluted EPS	0.8	0.1	-0.1	-0.3	-0.01	-0.58	0.69	1.1	1.19	1.47

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	137.8M	141.6M	134.2M	146.7M	141.8M	144M	151.4M	129.6M	153.1M	152.8M	140.6M	167.9M
Cost of revenue	92.5M	97.7M	89.7M	94M	98.4M	97.8M	101.9M	97.4M	102.3M	101.4M	97.1M	106.9M
Gross profit	45.3M	44M	44.4M	52.7M	43.4M	46.2M	49.5M	32.2M	50.7M	51.4M	43.5M	61.1M
Gross margin	32.9%	31%	33.1%	35.9%	30.6%	32.1%	32.7%	24.9%	33.1%	33.6%	30.9%	36.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	7.4M	8.9M	6.5M	11.3M	9.4M	9.4M	8.1M	10.3M	8.6M	9.4M	10.3M	11.3M
Operating expenses	9.1M	10.6M	8.1M	13.2M	11.2M	11.1M	5.2M	11.8M	10.5M	16.2M	10.7M	13.2M
Operating income	36.1M	33.4M	36.3M	39.5M	32.2M	35.2M	44.3M	20.4M	40.3M	35.2M	32.7M	47.8M
Operating margin	26.2%	23.5%	27.1%	26.9%	22.7%	24.4%	29.3%	15.8%	26.3%	23%	23.3%	28.5%
Non-operating income, net	-1.8M	-5.4M	-447K	-1.6M	-1.9M	-5.4M	-3.3M	11.9M	9.2M	2.2M	13.1M	15.2M
Pretax income	18.7M	13.7M	21.7M	23.3M	17.9M	18.6M	29.5M	18.9M	36.3M	25.6M	34.8M	51.9M
Income tax	1.1M	56K	1.2M	1.2M	674K	1.3M	-143K	1.5M	3.8M	7.3M	1M	2M
Net income	21.4M	19.1M	24.9M	26.8M	19.5M	22.9M	28.7M	22.2M	35.8M	19.1M	36.4M	57M
Net margin	15.5%	13.5%	18.6%	18.3%	13.7%	15.9%	19%	17.2%	23.4%	12.5%	25.9%	33.9%
EBITDA	70.2M	68.2M	71.4M	74.4M	67.4M	68.2M	79.6M	56.7M	74.9M	71.3M	65.8M	81.4M
EPS	0.26	0.24	0.31	0.32	0.26	0.31	0.39	0.31	0.5	0.28	0.55	0.86
Diluted EPS	0.26	0.24	0.31	0.32	0.26	0.31	0.39	0.31	0.5	0.28	0.54	0.85

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	515.4M	546.8M	522.9M	751.5M	611.9M	—	—	1.1B	1.1B	1.2B	1.4B
Enterprise value	1.2B	1.3B	1.3B	1.5B	1.3B	—	—	1.8B	1.8B	1.9B	2.1B
Shares outstanding	55.4M	55.5M	55.6M	55.8M	55.9M	64.7M	77.2M	74.1M	71.1M	67.3M	67.3M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	11.5	103	—	—	466.1	—	—	12.4	11.6	11	10.6
P/S	1.75	1.83	1.69	2.49	1.84	—	—	1.96	1.93	1.99	2.29
P/B	0.54	0.57	0.55	0.8	0.65	—	—	0.87	0.88	0.93	1.14
EV/EBITDA	8.53	11.5	10.9	13.8	11.4	—	—	6.68	6.47	6.78	8.1
EV/Sales	4.09	4.51	4.15	4.99	4.05	—	—	3.24	3.21	3.26	3.5
Earnings yield	8.66%	0.97%	—	—	0.21%	—	—	8.06%	8.62%	9.08%	9.42%
FCF yield	-31.6%	-19.8%	14.7%	6.18%	6.96%	—	—	-1.6%	15.5%	4.12%	7.48%
PEG	—	—	—	—	—	—	—	—	—	—	0.06

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	33.6%	22.9%	21.1%	19.4%	21.2%	23.1%	18.8%	31%	33%	31.3%	36.4%
Operating margin	26.7%	15.8%	13.4%	10.8%	12.6%	14.9%	11.8%	24%	25.3%	23.9%	28.5%
Net margin	15.2%	1.78%	-1.85%	-5.51%	0.39%	-7.19%	11.6%	15.8%	16.6%	18%	22.8%
ROE	4.67%	0.55%	-0.6%	-1.77%	0.14%	-2.61%	4.68%	7.05%	7.55%	8.42%	11.7%
ROA	2.59%	0.29%	-0.31%	-0.89%	0.07%	-1.35%	2.62%	3.94%	4.32%	4.65%	4.24%
ROIC	4.65%	2.49%	2.41%	1.93%	1.29%	3.17%	2.53%	6.41%	6.87%	6.2%	7.16%
Return on tangible assets	2.59%	0.29%	-0.31%	-0.89%	0.07%	-1.35%	2.62%	3.94%	4.32%	4.65%	6.39%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.73	1.02	1.12	1.15	1.27	1.05	1.43	1.38	0.69	1.18	1.71
Quick ratio	0.68	0.94	1.04	1.06	1.19	0.99	1.38	1.33	0.65	1.12	1.62
Debt / equity	0.78	0.89	0.88	0.87	0.84	0.82	0.69	0.7	0.69	0.72	0.73
Debt / assets	0.43	0.46	0.46	0.44	0.43	0.43	0.39	0.39	0.39	0.4	0.4
Net debt / EBITDA	4.87	6.84	6.45	6.89	6.2	5.33	3.65	2.65	2.58	2.65	2.39
Interest coverage	2.42	1.15	0.88	0.69	1.03	0.01	1.69	2.09	2.45	2.98	3.78
Effective tax rate	2.57%	6.96%	0%	0%	48.2%	0%	17%	6.13%	5.35%	11.3%	9.54%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	5.31	5.38	5.57	5.4	5.95	6.29	6.13	7.43	7.96	8.72	9.54
EPS (basic)	0.81	0.1	-0.1	-0.3	-0.01	-0.58	0.69	1.11	1.2	1.49	1.49
EPS (diluted)	0.8	0.1	-0.1	-0.3	-0.01	-0.58	0.69	1.1	1.19	1.47	2.16
Book value per share	17.3	17.4	17.2	16.8	16.9	17.3	15.2	16.6	17.5	18.7	20.1
FCF per share	-2.94	-1.95	1.38	0.83	0.76	1.46	1.09	-0.23	2.38	0.71	1.97
Cash per share	1.03	1.12	1.29	1.15	1.06	1.92	1.9	2.02	1.83	2.3	3.67
Capex per share	4.35	3.32	0.01	0.06	0.04	0.02	0.09	2.31	0.58	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	81.9%	61.7%	0.27%	1.08%	0.68%	0.24%	1.48%	31.1%	7.31%	—	—
Capex / operating cash flow	255.7%	268%	1.11%	6.71%	3.91%	1.51%	3.85%	81.5%	20.7%	—	—
Payout ratio	—	—	—	—	—	0%	0%	8.44%	15.1%	13.9%	12%
Dividend yield	—	—	—	—	—	—	—	0.68%	1.31%	1.27%	1.22%

Yield

1.22%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.07

ex-dividend Aug 19, 2026

Payout ratio

12%

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
Aug 19, 2026	$0.07
May 20, 2026	$0.07
Mar 23, 2026	$0.07
Nov 25, 2025	$0.07
Aug 28, 2025	$0.05
May 29, 2025	$0.05
Mar 24, 2025	$0.05
Nov 25, 2024	$0.05

Split history

Date	Ratio
Nov 19, 2013	3:1

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	$137.8M	$141.6M	$134.2M	$146.7M	$141.8M	$144M	$151.4M	$129.6M	$153.1M	$152.8M	$140.6M	$167.9M
YoY change	+29%	+14.9%	-1.36%	+8.38%	+2.94%	+1.69%	+12.9%	-11.6%	+7.95%	+6.11%	-7.13%	+29.5%

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	57.3M	62.1M	71.5M	64M	59.1M	123.9M	146.6M	149.6M	130.5M	154.7M
Receivables	7.1M	14.9M	17M	23.5M	14.5M	31.9M	18.2M	34.7M	29M	34.8M
Inventory	6.9M	8M	8.8M	9.6M	8.4M	13.2M	8.5M	9M	13.8M	15.4M
Total current assets	93.8M	112.1M	118.1M	126.1M	136.5M	215.3M	228.3M	255.4M	220.4M	295.5M
Property, plant & equipment	1.6B	1.7B	1.7B	1.6B	1.6B	1.8B	1.7B	1.8B	1.7B	1.7B
Goodwill & intangibles	—	—	—	366K	277K	400K	239K	332K	406K	360K
Total assets	1.7B	1.9B	1.8B	1.9B	1.8B	2.2B	2.1B	2.2B	2.2B	2.3B
Accounts payable	6.4M	8.1M	10.8M	10.5M	8.6M	11.6M	7.8M	11.6M	13.8M	12.6M
Short-term debt	103.5M	81.6M	68.9M	65.9M	66.9M	149M	99.2M	121.2M	251.3M	169.3M
Total current liabilities	127.7M	110.4M	105.4M	109.5M	107.2M	204.3M	159.6M	185.4M	318.8M	250.9M
Long-term debt	640.7M	780.2M	767.1M	751M	725.6M	771.6M	711.3M	735.8M	606M	733.8M
Total liabilities	768.4M	890.7M	877.6M	934.4M	897M	1B	923.3M	969.6M	934.3M	1B
Shareholders' equity	956.5M	963.2M	955.1M	939.9M	942.4M	1.1B	1.2B	1.2B	1.2B	1.3B
Total debt	744.1M	861.8M	836M	816.9M	792.5M	920.5M	810.5M	857.1M	857.3M	903M
Net debt	686.9M	799.7M	764.4M	752.9M	733.4M	796.6M	664M	707.5M	726.8M	748.4M

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	170M	149.6M	163.5M	128.7M	118.3M	130.5M	91M	238.1M	165M	154.7M	150M	225.9M
Receivables	17.1M	34.7M	41M	19.2M	33M	29M	32.9M	30.8M	35.1M	34.8M	43M	38.6M
Inventory	12.5M	9M	10.6M	12.6M	12M	13.8M	15.5M	14.2M	10.3M	15.4M	14.2M	19.5M
Total current assets	277.7M	255.4M	272.8M	222.8M	214.9M	220.4M	229.8M	373.6M	302.3M	295.5M	306M	383.6M
Property, plant & equipment	1.8B	1.8B	1.7B	1.7B	1.7B	1.7B	1.8B	1.7B	1.7B	1.7B	1.7B	1.7B
Goodwill & intangibles	240K	332K	299K	284K	235K	406K	387K	399K	397K	360K	314K	293K
Total assets	2.2B	2.2B	2.2B	2.1B	2.1B	2.2B	2.3B	2.4B	2.3B	2.3B	2.3B	2.3B
Accounts payable	9.5M	11.6M	10.6M	9.5M	12.1M	13.8M	13.7M	12.6M	12.1M	12.6M	12.1M	14M
Short-term debt	120.3M	121.2M	172.5M	119.7M	214.3M	251.3M	125.5M	148.9M	172.2M	169.3M	171.9M	141M
Total current liabilities	177.1M	185.4M	238.2M	186.6M	286.4M	318.8M	208.3M	235.1M	257.1M	250.9M	264.3M	224.4M
Long-term debt	794.5M	735.8M	654.2M	672.5M	555.3M	606M	780.2M	881.2M	764.2M	733.8M	731.1M	785.1M
Total liabilities	1B	969.6M	939.8M	905.6M	886.4M	934.3M	997.5M	1.1B	1B	1B	1B	1B
Shareholders' equity	1.2B	1.2B	1.3B	1.2B	1.2B	1.2B	1.3B	1.3B	1.3B	1.3B	1.2B	1.3B
Total debt	914.8M	857.1M	826.7M	792.2M	769.5M	857.3M	905.7M	1B	936.4M	903M	903M	926.1M
Net debt	744.8M	707.5M	663.2M	663.5M	651.2M	726.8M	814.7M	792M	771.4M	748.4M	752.9M	700.2M

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	44.6M	5.3M	-5.7M	-16.6M	1.3M	-29.2M	54.9M	86.9M	94.1M	105.9M
Depreciation & amortization	62.3M	73.6M	76.1M	76.2M	76.7M	88.5M	126.2M	129.2M	132.7M	134.5M
Stock-based compensation	1.6M	1.4M	1.1M	1.5M	1.2M	1.4M	869K	1.3M	1.3M	1.8M
Change in working capital	-7.5M	-14M	7.4M	-368K	-15.8M	21.2M	10.9M	-990K	-2.5M	-6.9M
Operating cash flow	94.2M	68.8M	74.7M	48.7M	57.9M	65.6M	182.2M	210M	199.9M	201.7M
Capital expenditure	-241M	-184.3M	-830K	-3.3M	-2.3M	990K	-7M	-171.2M	-41.4M	—
Investing cash flow	-229.7M	-183M	-42.3M	-90.4M	-16.2M	16.9M	2.3M	-207.3M	-128.1M	6.8M
Dividends paid	—	—	—	—	—	0	0	-7.3M	-14.3M	-14.8M
Share repurchases	—	—	—	—	0	0	-5.5M	-48.7M	-57.1M	-62.7M
Financing cash flow	120.9M	111.9M	-25.8M	35.3M	149.6M	-143.8M	-314.7M	6.8M	-126M	-54.2M
Net change in cash	-14.6M	-2.3M	6.6M	-6.4M	191.4M	-61.4M	-130.2M	9.6M	-54.2M	154.3M
Free cash flow	-162.7M	-108.4M	76.7M	46.4M	42.6M	94.4M	84.5M	-17.3M	169.1M	48.1M

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	21.4M	19.1M	24.9M	26.8M	19.5M	22.9M	28.7M	22.2M	35.8M	19.1M	36.4M	57M
Depreciation & amortization	32.4M	32.8M	33.4M	33.4M	33.3M	32.6M	34.2M	34.8M	32.9M	32.5M	31.9M	31.5M
Stock-based compensation	303K	372K	89K	379K	388K	472K	352K	488K	422K	571K	444K	714K
Change in working capital	-97K	9M	-2.7M	2.1M	-10.4M	-4.7M	5.2M	4.9M	2.6M	-14.8M	-3.3M	2.1M
Operating cash flow	51M	59.4M	52.8M	58.6M	29.5M	46.1M	59.4M	40.4M	49.5M	48.4M	41.8M	54M
Capital expenditure	-56K	-48K	0	0	-20.6M	-20.8M	-104.3M	—	—	—	—	—
Investing cash flow	-9.9M	-19.9M	-7M	-16M	-29.5M	-75.6M	-107.6M	273K	208K	9.6M	0	-1.6M
Dividends paid	-3.7M	-3.7M	—	-7.3M	-3.5M	-3.5M	0	-6.9M	-3.3M	-4.6M	-4.3M	-4.3M
Share repurchases	-3M	-1.1M	-801K	-52.8M	-2.4M	-1.1M	-1.9M	-32.9M	-22.5M	-5.3M	-62.2M	-6.3M
Financing cash flow	-43.7M	-65.4M	-33.6M	-93.6M	-28M	35.6M	44.5M	86.3M	-120.5M	-64.5M	-70.4M	7.4M
Net change in cash	-2.6M	-25.9M	12.1M	-51M	-28.1M	6.1M	-3.7M	127M	-70.8M	-6.5M	-28.6M	59.7M
Free cash flow	44.2M	59.1M	49.1M	67.5M	27.9M	24.7M	-41M	40.4M	10.9M	37.7M	41M	33.2M

Navigator Holdings Ltd. 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