Ardmore Shipping vs Flex LNG
Ardmore Shipping and Flex LNG are similar in size: $310m and $348m of revenue in their latest fiscal years. Flex LNG grew faster (-2.4% against -23.6%). Flex LNG kept more of each dollar of sales as profit: a net margin of 21.5% against 13.2%. Ardmore Shipping carries less debt relative to equity (20.0% against 258.7%).
| Latest fiscal year | Ardmore ShippingASC, 2025 | Flex LNGFLNG, 2025 |
|---|---|---|
| Revenue | $310m | $348m |
| Revenue growth | -23.6% | -2.4% |
| Net income | $41.0m | $74.8m |
| Operating margin | — | 50.6% |
| Net margin | 13.2% | 21.5% |
| Return on equity | 6.6% | 9.8% |
| Free cash flow | $81.6m | $141m |
| Cash | $46.8m | $448m |
| Total debt | $127m | $1.86bn |
| Debt to equity | 20.0% | 258.7% |
| Dividend per share | — | — |
| Dividend yield | 1.5% | 11.0% |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $776m | $1.48bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 9 sales | 0 buys, 0 sales |