Ardmore Shipping vs Knot Offshore Partners LP
Knot Offshore Partners LP is the larger business, with $364m of revenue in fiscal 2025 against $310m for Ardmore Shipping (1.2 times as much). Knot Offshore Partners LP grew faster (14.4% against -23.6%). Ardmore Shipping kept more of each dollar of sales as profit: a net margin of 13.2% against 6.4%.
| Latest fiscal year | Ardmore ShippingASC, 2025 | Knot Offshore Partners LPKNOP, 2025 |
|---|---|---|
| Revenue | $310m | $364m |
| Revenue growth | -23.6% | 14.4% |
| Net income | $41.0m | $23.3m |
| Operating margin | — | 23.2% |
| Net margin | 13.2% | 6.4% |
| Return on equity | 6.6% | — |
| Free cash flow | $81.6m | — |
| Cash | $46.8m | $89.0m |
| Total debt | $127m | $960m |
| Debt to equity | 20.0% | — |
| Dividend per share | — | — |
| Dividend yield | 1.5% | 3.5% |
| Share buybacks | — | $3.0m |
| Employees | — | — |
| Market value | $776m | $298m |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 9 sales | 1 buys, 0 sales |